Just in time for income tax season, Citi PayAll has launched an excellent 2.5 mpd promotion, which allows customers to buy miles at an unbeatable 0.8 cents each all the way till 31 July 2022.
|Citi PayAll 2.5mpd Promo|
This is a public offer that applies to all payments made on Citi PayAll: paying tax, rent, insurance premiums, MCST fees, education expenses, utilities bills, or even friends and family for “services rendered”.
A minimum combined spend of S$5,000 and a cap of S$120,000 applies.
Even better, the earn rate is uniform across all eligible Citibank cards, so whether you’re holding an elite Citi ULTIMA or an entry-level Citi PremierMiles, the same 0.8 cents price is available to you.
Earn 2.5 mpd on Citi PayAll transactions
From 6 April to 31 July 2022, eligible Citi cardholders will earn a flat 2.5 mpd on Citi PayAll transactions, with a minimum combined spend of S$5,000 and a cap of S$120,000. Both the payment setup and charge dates must fall within the promotion period.
The following cards are eligible, and the same 2.5 mpd earn rate applies across all cards:
|Card||Earn Rate||Cost Per Mile @ 2%|
To illustrate how this works, someone who spends S$1,000 on the Citi PremierMiles Card (or any of the above cards for that matter) would earn 2,500 miles, and pay an admin fee of S$20. The cost per mile is therefore 20/2500= 0.8 cents each.
If I had to nitpick, I’d point out that Citi PayAll ran a similar promotion in 2021 which didn’t have any minimum spend, but I imagine most MileLion readers won’t have difficulty hitting a S$5,000 threshold. The S$5,000 need not be in a single transaction; it can be combined across multiple payments that fall within the promotional period.
As a reminder, the S$120,000 cap applies on a customer level, regardless of how many Citibank cards you hold.
|⚠️ Heads up: Citi app shows regular rates!|
Be advised that the Citi app (where PayAll payments are set up), rather unhelpfully, shows the regular earn rates by default.
For example, it tells me a S$3,000 payment on my Citi PremierMiles Card will earn 3,600 miles (based on 1.2 mpd), when in fact it should be 7,500 miles (based on 2.5 mpd). You’ll just have to take it on faith that the bonus 3,900 miles will show up later.
What payments does Citi PayAll support?
Citi PayAll currently supports the following types of payments:
|💰 Citi PayAll: Supported Payments|
The “miscellaneous payments” category is surprisingly broad. You could use PayAll to pay for wedding expenses, donations, renovations, even the nebulously defined “travel expenses” and “payment for retail good and services”. Most of these don’t even require supporting documentation; you can simply transfer funds to someone else’s bank account.
But before you rush off and pay your wife S$50,000 for love and affection, remember that such transactions may have income tax implications. In general any income exceeding S$20,000 is liable to tax, provided it’s deemed to be derived in the course of a trade.
When will bonus miles/points credit?
Cardholders will receive their regular base rewards (e.g. 1.2 mpd with the Citi PremierMiles Card) when the Citi PayAll transaction initially posts.
Bonus rewards (e.g. 1.3 mpd with the Citi PremierMiles Card) will be credited within 12 weeks from the end of the promotion period, i.e. by 23 October 2022.
New customers: Get S$50 in GrabFood vouchers
If you’ve never made a Citi PayAll transaction prior to 6 April 2022, you’ll receive S$50 in GrabFood vouchers when you make at least S$5,000 of Citi PayAll transactions by 31 July 2022.
This consists of 2 x S$25 promo codes, which will be sent within 12 weeks from the end of the promotion period, i.e. by 23 October 2022. For avoidance of doubt, this promotion stacks with the 2.5 mpd offer mentioned above.
Terms and Conditions
The T&C for both the 2.5 mpd and S$50 GrabFood voucher campaign can be found here.
Is it worth it?
Oh goodness me, yes.
Buying miles at 0.8 cents is hands down and incredible offer, especially since Citibank partners with 11 different frequent flyer programmes.
There are some great sweet spots with FFPs like Etihad Guest, British Airways Executive Club, and Turkish Miles&Smiles. Even the newly-revitalised Qatar Privilege Club might be a good bet (but heads up: they’ve sneakily reintroduced award segment fees!)
|💳 Citibank Transfer Partners|
|For a full list of transfer partners, refer to this article|
Assuming you opt for plain vanilla KrisFlyer miles, you could easily get >0.8 cents per mile in value for certain redemption options.
|Options for Spending KrisFlyer Miles|
|Redemption Option||Value per mile|
|✈️||Award flights||2-6 cents|
|🏨||Shangri-La Golden Circle conversion||1.1-1.4 cents|
|✈️||Pay for flights with miles||0.95 cents|
|🚘||KrisFlyer vRooms||0.8 cents|
|🏬||CapitaStar conversion||0.7 cents|
|🛒||LinkPoints conversion||0.65 cents|
|⛽||Esso Smiles conversion||0.33- 0.67 cents|
It’s hard to think of any situation where you could buy miles at less than 0.8 cents each, so if you have the bills to pay, this is the right time to top up your miles balance.
Citi PayAll is offering an excellent 2.5 mpd on all payments made till 31 July 2022, with a minimum spend of S$5,000 and a cap of S$120,000. It’s especially timely for those planning to pay income tax, and it’s hard to see anyone beating this.
Time to make some hay.