New Citigold joining offer: Free iPad Air and up to S$6,826 welcome bonuses

Open a Citigold account via SingSaver and get a complimentary Apple iPad Air, plus further cash rewards from Citibank.

From now till 30 June 2021, new-to-bank customers who open a Citigold account through SingSaver will be eligible to receive an Apple iPad Air Wi-Fi 64GB (worth S$879). 

Sign Up for CitiGold

In addition to this, they’ll also be able to earn additional cash rewards of up to S$6,826 from Citibank, including S$300 just for opening their account online and S$300 for holding a principal Citibank credit card. 

SingSaver Gift: Apple iPad

New-to-bank customers who apply for a Citigold account through SingSaver by 30 June 2021 (with account opened by 31 July 2021) will receive an Apple iPad Air Space Grey Wi-Fi 64FB (worth S$879), provided they deposit and maintain a minimum of S$250,000 in fresh funds in a Citi Wealth First Account. 

⚠️ Who is considered new-to-bank?
“New-to-Bank” refers to a Citi Customer who fulfills the following criteria:

  • is not a U.S. Person;
  • is at least the age of 18 during the Enrolment Month;
  • does not have a primary Banking Account or primary relationship in each of the last thirteen (13) calendar months before the Enrolment Month;
  • does not have any AUM in each of the last thirteen (13) calendar months before the Enrolment Month; and
  • opens a primary sole Banking Account or a primary joint Banking Account with a person who does not have any Banking Account/ relationship with Citi

For the avoidance of doubt, holding a Citibank credit card or personal loan will not disqualify you from “new-to-bank” status

The S$250,000 in fresh funds must not originate from any existing account with Citibank, and funds must be maintained for 90 days after the account was opened. For example, if the account is opened on 7 June 2021, funds must be maintained till 5 September 2021.

The T&Cs of this offer can be found here.

Application Steps

Here’s the steps to take note of. 

  1. Apply through any of the links in this article
  2. You will be directed to a SingSaver landing page. Enter your email address and click “confirm”
  3. Complete your application and take a screenshot of the Application Reference Number (for Citibank, it’s 12 alphanumeric characters)
  4. Fill in the SingSaver rewards form that will be sent to your email within 14 days of bank account application. It’s vital you fill in the form- no form, no reward. 

The gift will be fulfilled within four calendar months. If you have not received any correspondence by this time, contact [email protected] for assistance. 

Citibank Gift: Up to S$6,826 welcome bonus

On top of the SingSaver offer, Citibank is running a promotion of its own for new Citigold customers, which is valid for accounts opened by 30 September 2021. 

New Citigold customers can earn further cash rewards from Citibank by completing certain actions as shown below: 

Action Reward
Deposit S$250,000 in fresh funds S$300
Additional reward for primary Citi Credit Card holders S$300
Purchase S$100,000 in investments S$1,700
Purchase S$50,000 in life insurance S$450
Interest in Citi Wealth First Account with balances maintained at S$100,000 (Spend, Save, Insure, Invest, Home Loan) S$2,616
Citigold 12-month Wealth Loyalty Reward S$960
Successfully open banking account via online account opening form S$300
Mortgage bonus S$200
Total S$6,826
Illustration is based on a customer with S$250,000 New Funds, who deposits S$100,000 in a Citi Wealth First Account and maintains the Citigold relationship and AUM for 12 months , is an existing / new primary Citi Credit Card holder, spends S$250 monthly on Citibank Debit Mastercard, invests S$100,000 and insures S$50,000 respectively, saves S$3,000 monthly, takes up a new home loan of at least S$500,000, and successfully opens his bank account via online opening form.

For a better understanding of how the investment and insurance bonuses are calculated, do refer to the T&Cs. 

All customers must complete a goal setting session with their Citigold relationship manager, including Total Wealth Advisor and Investment Risk Profile. Your relationship manager will be able to advise you on your current financial position, goals and needs to determine the suitable investment portfolio for you. 

However, you can pick and choose which of the above tasks you wish to complete. For instance, a new-to-bank customer who applies online (applying via SingSaver would qualify), deposits S$250,000 in fresh funds and holds any principal credit card would already receive an extra S$900 in cash.

As a reminder, Citigold customers also earn a relationship bonus of 5-30% on any credit card points earned through the Citi Prestige Card. I’ve explained how that works in this post, but to summarise, here’s the impact on how many miles per dollar you earn. 

  Regular 0-5 Years 6-10 Years >10 Years
Local Spend 1.3 mpd 1.36 mpd 1.38 mpd 1.42 mpd
Overseas Spend 2 mpd 2.06 mpd 2.08 mpd 2.12 mpd

Even a brand new Citigold customer would already be earning 1.36 mpd on all local currency spending with the Citi Prestige, one of the higher earning rates on the market. Don’t forget the wide variety of Citibank transfer partners, plus the opportunity to buy cheap miles via the ongoing Citi PayAll 2.5 mpd promotion (with an additional S$100 cashback if you schedule a recurring payment series).

How does this compare to last months’ offer?

You may recall that a similar offer was run by SingSaver last month. Here’s how that compares to the current offer:

  May Offer June Offer
Min. Deposit S$80,000* S$250,000
Maint. Period The end of the month after the month account was opened 90 days
Gift Apple iPad 8th Gen. 10.2 WiFi 32GB
(worth S$499)
iPad Air Wi-Fi 64GB
(worth S$879)
*S$80,000 is sufficient to receive the gift, but you would need to deposit S$250,000 in total for Citigold status plus a further S$300 cash reward

The current iPad on offer is a higher end model than the previous month, but the minimum deposit amount has also increased to S$250,000, as has the maintenance period. That said, if you want to enjoy the S$300 bonus for opening a Citigold account, you’d have to deposit S$250,000 anyway, same as May’s offer. 


Sign Up for CitiGold

If you’ve been thinking about opening a Citigold account, this is an opportunity to stack an additional free gift on top of Citibank’s regular offers. Don’t forget to apply by 30 June 2021, and fill out your rewards form as soon as you receive it via email.

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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So if I don’t currently hold a Citi credit card, then I should apply for one before enrolling for this campaign to get the $300 bonus? Or can I apply for a card after Citigold? Thanks



Eddy Lee

Any idea if there’s any penalty if the account is closed after the 3 months or if there’s a fall below fee after 3 months?


So could understand if i put in $250K… i could get both
A. Ipad Air
B. Get up to S$6,826* when you join Citigold



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