Citi PremierMiles Visa extends sign up bonuses; get up to 37,300 miles in total

Citibank adds another two months to the Citi PremierMiles Visa sign up offer- it's largely the same, but still worth looking at if you're new-to-bank.

Back in October 2019, Citibank started running a new series of sign up bonuses on the Citi PremierMiles Visa card, which were set to end on 31 January 2020.

These offers have now been extended to applications received by 31 March 2020, with some minor changes. 

New-to-bank customers

New-to-bank customers have a choice of two possible bonuses- one if they pay the annual fee, the other if they request a waiver. 

Citi defines a new-to-bank customer as someone who does not currently hold a principal Citi credit card, and has not done so in the past 12 months

Fee paying: Spend S$9K, Get 37.3K miles total

New-to-bank customers who get approved for the Citi PremierMiles Visa card and spend S$9,000 within 3 months of approval will receive a total of 37,300 miles, provided they pay the S$192.60 annual fee. 

Remember that Citi’s definition of “3 months” is rather generous- the qualifying period starts from the date of your card’s approval to three months after the end of the month you were approved. So if you were approved on 5 Feb 2020, for example, you’d have until 31 May 2020 to hit the qualifying spend. 

This is slightly less than the previous 40,000 miles offer, and the reason for the difference comes from the base miles. Until 31 December 2019, the Citi PremierMiles Visa awarded 1.5 mpd on local spending provided the cardholder spent at least S$3,000 in a statement month. That’s since been reduced to 1.2 mpd, so the net loss in miles is 2,700. 

Here’s the breakdown of the total miles:

 Old OfferNew Offer
Base Citi MilesS$9,000 @ 1.5 mpd= 13,500S$9,000 @ 1.2 mpd= 10,800
Citi Miles from paying S$192.60 annual fee10,000 10,000 
Bonus Citi Miles16,500 16,500 
Total Citi Miles40,000 37,300

The T&C for this sign up offer can be found here

You can apply via SingSaver to get S$200 of cash as a new-to-bank customer, provided you click through the link below:

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Get S$200 cash when you apply for the Citi PremierMiles Visa (pay annual fee) 

Fee waiver: Spend S$3K, Get 10K miles total

New-to-bank customers who prefer not to pay an annual fee get a sign up bonus too, but smaller.

By spending S$3,000 within 3 months of approval, they’ll earn a total of 10,000 miles. This is broken down into:

  • 3,600 base miles from spending S$3,000 @ 1.2 mpd
  • 6.400 bonus miles for meeting the spending requirement

The T&C for this sign up offer can be found here

You can apply via SingSaver to get S$200 of cash as a new-to-bank customer, provided you click through the link below:

Get S$200 cash when you apply for the Citi PremierMiles Visa (annual fee waiver)

Existing customers

Fee paying: Spend S$9K, Get 24.3K miles total + S$100 Kaligo e-voucher

Existing customers can pay the first year fee and spend S$9,000 within 3 months of approval to get 24,300 miles and a S$100 Kaligo.com e-voucher. The 24,300 miles are broken down into:

  • 10,000 miles for paying the S$192.60 annual fee
  • 3,500 miles for meeting the spending requirement
  • 10,800 base miles from spending S$9,000 @ 1.2 mpd

The Kaligo.com e-voucher comes with a few strings attached so do take note. You’ll need to go to www.kaligo.com/100gift to spend the voucher, and your stay must be at least 2 nights. The voucher is valid till 30 June 2020. 

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The T&C for this sign up bonus can be found here.

You can get S$30 cash if you sign up through SingSaver. However, if you opt for this you won’t get the Kaligo voucher or the sign up bonus offer. 

Get up to 24.3K miles and a S$100 Kaligo voucher when you apply for the Citi PremierMiles Visa (pay annual fee)

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Fee waiver

Existing customers can also opt for a waiver of the first year’s annual fee. If so, that’s all you get- no bonus miles, no nothing. 

Applying through SingSaver still gives you S$30 cash. 

Get S$30 cash when you apply for the Citi PremierMiles Visa (annual fee waiver)

What counts as qualifying spend?

Qualifying spend refers to retail transactions charged to the card, and excludes the following: 

  • annual fees, interest charges, late payment charges, GST, cash advances, instalment/easy/extended/equal payment plans, preferred payment plans, balance transfers, cash advances, quasi-cash transactions, all fees charged by Citibank or third party, miscellaneous charges imposed by Citibank (unless otherwise stated in writing by Citibank);
  • funds transfers using the card as source of funds;
  • bill payments (including via Citibank Online or via any other channel or agent)

Other payments like insurance, education or government services will count towards the S$9,000 threshold, but will not earn any base points. 

Citibank has confirmed that spending on Citi PayAll will count towards the S$9,000 spending requirement, which is good news for those with rent, education expenses, taxes or condo fees to pay. 

 Cost per mile @ 1.2 mpd
1.67
Based on 2% admin fee, certain Citi customers may be targeted for lower rates

Citi Miles are one of the most valuable transfer currencies in Singapore

Citi PremierMiles Visa cardholders get access to 11 different frequent flyer programs and one hotel partner, the widest selection of any bank in Singapore.

 Transfer Ratio
Singapore Airlines KrisFlyer1:1
Asia Miles1:1
British Airways Executive Club1:1
Etihad Guest1:1
EVA Air Infinity Mileagelands
1:1
Flying Blue1:1
IHG Rewards Club1:1
Malaysia Airlines Enrich1:1
Qantas Frequent Flyer1:1
Qatar Airways Privilege Club1:1
Thai Airways Royal Orchid Plus1:1
Turkish Airlines Miles&Smiles1:1

A S$25 conversion fee applies for every transfer, and do note that Thank You points earned on the Citi Prestige/Citi Rewards cards do not pool with Citi Miles, so you’ll have to redeem them separately.

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The flexibility of Citi Miles means they’re a great way to enjoy sweet spots in programs like Etihad Guest, British Airways Avios and Turkish Miles&Smiles.

From June 2020, Turkish Airlines will be flying its new Business Class to Singapore on its B787-9s

For example, you could redeem a Singapore to Europe round-trip Business Class flight for just 90,000 miles with Miles&Smiles. That’s half the price that Singapore Airlines charges (albeit with fuel surcharges), which means you could fly two people with Miles&Smiles for the cost of flying one with KrisFlyer. 

Recap: Citi PremierMiles Visa Basics

Income Req.Annual FeeMiles from Annual FeeFCY Fee
S$30,000S$192.6010,0003.25%
Local EarnFCY EarnSpecial EarnPoints Validity
1.2 mpd
2.0 mpdAgoda: 7.0 mpdNo expiry

The Citi PremierMiles Visa earns 1.2 mpd on local spend and 2.0 mpd on overseas spend. You can also book hotels and earn up to 7 mpd on Agoda. Citibank awards points on every dollar of spending, and the minimum spend to earn points is S$1.

The Citi PremierMiles Visa comes with a Priority Pass membership that provides two complimentary visits per calendar year. Note that this is slightly different from most other credit cards on the market, which award their free visits per membership year.

Conclusion

The Citi PremierMiles Visa is a solid general spending card to have in your wallet- in fact, it’s one of the options in my Miles Game Starter Pack for anyone just getting into the miles and points game. 

If you’re a new-to-bank customer, you can also consider the ongoing Citi Rewards Visa sign up bonus instead. This gives you up to 22,800 miles for spending S$3,000, and does not require the payment of the annual fee. The catch is that you can only spend on 10X categories to earn the 22,800 miles, but it isn’t that difficult given that all online transactions (except travel) earn 10X. 

I’ve updated the post on current credit card sign up bonuses in Singapore to reflect this latest information. 

Aaron Wong
Aaron founded The Milelion with the intention of helping people travel better for less and impressing chiobu. He was 50% successful.

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Emily

Hi Aaron,
I’m keen to sign-up but I’m torn between Citi PremierMiles and Citi Rewards Visa. Which one do you think is better? Appreciate if you can give me some advice. Thank you.

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