Extended: Citi Prestige Card 50,000 bonus miles welcome offer

From now till 31 December 2024, get up to 50,000 bonus miles with a new Citi Prestige Card and a min. spend of S$2,000. Valid for both new and existing customers.

In August 2023, the Citi Prestige Card launched a welcome offer of 71,000 miles to cardholders who paid the annual fee and spent S$1,000 in local currency & S$1,000 in foreign currency within two months of approval.

While this offer was extended a few times, it was eventually replaced in March 2024 by a smaller bonus of 50,000 miles with S$2,000 spend (in any currency). This offer, originally available for applications by 30 September 2024, has now been extended till 31 December 2024. 

Given the S$545 annual fee, you’re paying 1.09 cents per mile– a competitive price in and of itself, though obviously inferior to the previous promotion (0.76 cents per mile).

Citi Prestige 50,000 miles welcome offer

Apply here
T&Cs

The latest Citi Prestige Card welcome offer is valid for applications submitted between 1 October to 31 December 2024, with approval received within 30 days of application. 

New Citi Prestige Cardholders can earn up to 125,000 bonus ThankYou points (equivalent to 50,000 miles) by completing the following:

  TY Points Miles 
Pay S$545 annual fee 62,500  25,000
Spend S$2,000 during qualifying period 62,500 25,000
Total 125,000 50,000

This offer is valid for anyone who has not cancelled a principal Citi Prestige Card in the past 12 months. In other words, you are eligible even if you currently hold another Citi card at the time of application.

Don’t forget that the bonus points are awarded on top of the regular base earn rate, so all in all you’ll receive at least 52,600 miles, broken down into:

  • 25,000 bonus miles for paying the S$545 annual fee
  • 25,000 bonus miles for meeting S$2,000 minimum spend
  • 2,600 base miles for spending S$2,000 in local currency (if foreign currency, then 4,000 miles)

When must the qualifying spend be met?

The S$2,000 minimum qualifying spend must be made within the first two months from approval, defined as the period starting from approval date till the end of the second calendar month after that.

For example, if the card is approved on 15 June 2024, the qualifying period runs from 15 June 2024 to 31 August 2024.

In other words, you actually have 2-3 months to hit the minimum spend, and should apply as early in the month as possible to maximise your time

What counts as qualifying spend?

The S$2,000 qualifying spend can be met by any combination of local or overseas qualifying spend. 

Qualifying spend refers to any online or offline retail transactions, excluding the following:

โŒ Qualifying Spend Exclusions
(i) any Equal Payment Plan (EPP) purchases,
(ii) refunded/disputed/unauthorised/fraudulent retail purchases,
(iii) Quick Cash and other instalment loans,
(iv) Citi PayLite/Citi Flexibill/cash advance/quasi-cash transactions/balance transfers/annual card membership fees/interest/goods and services taxes,
(v) bill payments made using the Eligible Card as a source of funds,
(vi) late payment fees and
(vii) any other form of service/ miscellaneous fees
(vii) Citi PayAll transactions where the customer is not charged the Citi PayAll service fee

Citi has previously clarified that even though transactions like education, insurance premiums, charitable donations and GrabPay top-ups will not earn base points, they will still count as qualifying spend for the purposes of welcome offers. Amaze transactions will also count toward qualifying spend (with a handful of exceptions for transit).

For avoidance of doubt, Citi PayAll transactions count towards qualifying spend, provided the 2.6% admin fee is paid. The following payments are currently supported:

๐Ÿ’ฐ Citi PayAll: Supported Payments
  • Education Fees
  • Taxes
  • Rent
  • Insurance Premiums
  • Renovation Fees
  • Property Agent Fees
  • Wedding Expenses
  • Condo Management Fees
  • Child Care Services
  • Domestic Helper Service Fees
  • Donation or Charity Payment
  • Electricity Bills
  • Event Management Fees
  • Membership Fees
  • Maintenance Fees
  • Medical Services
  • Payment for Retail Goods and Services
  • Parking
  • Professional Services Fees
  • Storage
  • Travel Expenses
  • Transport Fees
  • Utilities

For a complete guide of how to use Citi PayAll, refer to my detailed guide below. 

Citi PayAll Complete Guide: How to pay bills and earn miles

When will the miles be credited?

Bonus points will be credited within three calendar months from the end of the qualifying spend period.

For example, if your card is approved in October 2024, your qualifying spend period ends 31 December 2024 and the points will be credited by 31 March 2025.

Terms and conditions

The T&Cs of the Citi Prestige welcome offer can be found here. 

What can you do with ThankYou points?

ThankYou points earned on the Citi Prestige Card never expire, and can be transferred to a total of 11 different transfer partners at the ratios below.

Partner Transfer Ratio
(ThankYou Points โžค Miles)
25,000 โžค 10,000
25,000 โžค 10,000
25,000 โžค 10,000
25,000 โžค 10,000
25,000 โžค 10,000
25,000 โžค 10,000
25,000 โžค 10,000
25,000 โžค 10,000
25,000 โžค 10,000
25,000 โžค 10,000
25,000 โžค 10,000

Transfers cost a flat S$27.25, regardless of the number of points converted. 

Citibank does not pool points across cards, so if you have both a Citi Prestige and Citi Rewards, for example, you’ll need to pay two conversion fees. 

Overview: Citi Prestige Card

Apply Here
Income Req. S$120,000 p.a. Points Validity No expiry
Annual Fee S$545
Min.
Transfer
25,000 TY points
(10,000 miles)
FCY Fee 3.25% Transfer Fee S$27.25
Local Earn 1.3 mpd Points Pool? No
FCY Earn 2 mpd
Lounge Access? Yes 
Special Earn N/A Airport Limo? Yes
Cardholder Terms and Conditions

The Citi Prestige Card earns 1.3 mpd on local transactions and 2 mpd on foreign currency transactions, which can be further buffed through a “relationship bonus” described below.

๐Ÿ‘ซ Relationship Bonus

The Citi Prestige card features a “relationship bonus” which awards 5-30% more points depending on your tenure with Citibank, and whether you have Citigold status.

Contrary to popular belief, a 5% bonus does not mean you earn 1.3 * 1.05 = 1.37 mpd. Instead, the relationship bonus percentage is applied to your overall dollar spend amount to derive bonus points. For example, if you spend S$10,000 in a year with a 5% bonus, you get 5% * 10,000= 500 bonus points, or a paltry 200 miles. The bump in mpd is a mere 0.02!

Here’s how much you can earn on local/overseas spending with the relationship bonus:

Non-Citigold Citigold
0-5 years: 1.32/2.02 0-5 years: 1.36/2.06
6-10 years: 1.34/2.04 6-10 years: 1.38/2.08
>10 years: 1.36/2.06 >10 years: 1.42/2.12

Cardholders enjoy perks like unlimited lounge access (+1 guest), and complimentary airport limo transfers with a minimum spend of S$12,000 per calendar quarter. They will also receive the 4th night free on any hotel booking made through the Citi Prestige concierge, so there’s definitely ways to recover your annual fee. 

Other perks include 1-for-1 dining offers at high-end restaurants in Singapore, complimentary golf games, and complimentary travel insurance when using the card to pay for air tickets (or taxes and surcharges on award tickets).

Accidental Death S$1,000,000
Medical Expenses S$50,000
Travel Inconvenience Flight Delay: S$400
Baggage Delay: S$400
Lost Baggage: S$1,000
Policy Wording

For a review of the Citi Prestige Card, be sure to check out the post below.

Review: Citi Prestige Card

I’ve also done an update to the annual $120K credit card showdown piece, which benchmarks the Citi Prestige to other competitors in its segment like the HSBC Visa Infinite and OCBC VOYAGE.

2024 Edition: The $120K Credit Card Showdown

Conclusion

Citibank has extended the Citi Prestige Card’s 50,000 miles welcome offer till 31 December 2024. 

At 1.09 cents per mile, it’s a decent offer in and of itself, and that figure will come down once you adjust it for the value of other perks like lounge access and 4NF. 

This offer is valid for both new and existing Citi cardholders, though if you’re the former I’d strongly advise you to sign up for either the Citi PremierMiles Card or Citi Rewards Card first, in order to enjoy the new-to-bank bonuses on those cards. You can then apply for a Citi Prestige Card and enjoy the same bonus a new customer would.

Aaron Wong
Aaron Wong
Aaron founded The Milelion to help people travel better for less and impress chiobu. He was 50% successful.

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Hmm

Does this $2000 qualifying spend works for hospital gynae bills?

Hmm

Looks like you also noticed the list of exclusion is different for the sign up bonus vs the Citi points. Thanks for clarifying with Citibank!

Chris

Planning to get the prestige card after holding on to SMRT and rewards card for almost 10 years. I intend to cancel SMRT card before the annual fee comes in next month. However from the prestige card fine print it seems I might not get the bonus miles if I cancel the SMRT card after applying for prestige. What should I do?

Siva

Just do not get Citi, get anything but Shittybank

Account

Hi. Just open a Citibank savings account if you’re after the relationship bonus.

Nicholas

Eligibility a. This promotion is open to customers whom (“Eligible cardmember”): .i has applied for a Citi Prestige Card (“Eligible Card”) through our Citibank website or Citi mobile app as a main cardholder; and i. does not have an Eligible Card (as a main cardmember) at the time of his/her application for the Eligible Card; and ili. did not previously have an Eligible Card (as a main cardmember) that was terminated/closed (whether by the individual or by Citibank) in the last twelve (12) months immediately prior to his/her application for the Eligible Card; and iv. has not already submitted an… Read more »

Polly

Hi Aaron, I’m looking for a good general spending card that is beneficial for collecting miles. I came across an article mentioning that apart from the American Express Centurion Card, the UOB PRVI Miles or Citi Prestige Card would be the next tier. Is this true, and do these two cards have a limitless monthly miles cap?

Siva

I would recomend the DBS Vantage or the UOB or any of the Krisflyer cards, but then you’ll be limiting yourself to SIA with Krisflyer. But NEVER EVER get Citi else you will be left wanting in an emergency

Blurr

Is Youtrip top-up considered qualifying spend? Or excluded?

Nicholas

“Qualifying Spend” refers to any retail transactions (including internet purchases) which do not arise from (i) any Equal Payment Plan (EPP) purchases; (i) refunded/disputed/unauthorised/fraudulent retail purchases; (iii) Quick Cash and other instalment loans; (iv) Citi PayLite/Citi Flexibill/cash advance/quasi-cash transactions/balance transfers/annual card membership fees/interest/goods and services taxes; (v) bil payments made using the Eligible Card as a source of funds; (vi) late payment fees; (vii) any other form of service/ miscellaneous fees; or (viii) Citi Payall transactions where the customer is not charged the Citi Payall service fee. The Qualifying Spend will include charges made by both Principal and Supplementary Cardholders.… Read more »

Peter

Sorry for asking as i am new. Would this qualify for 1.3 miles per dollar if used with grabpay for hawker food? Trying ti find an alternative to amexpay for hawker food.

Ang

What does “bill payments made using the Eligible Card as a source of funds” mean? Does it mean payments via ipaymy and CardUp are excluded as “qualifying spend”?

Nicholas

Yes. My RM say only can use Citi Payall.

Andy

FWIW, you might want to note that Citi is very strict with the income requirement. I applied for Citi Prestige twice and was rejected twice. First time reason was because I was with a new employer for < 6 months and needed a monthly salary of >= $10k. I was not given any reasons in my recent second application. Both applications my NOA cleared their income requirement by 10-15%.

Anon

the 120k/annum cards are just gatekeep-ey…

even 80k cards are easy to apply..

LTC

What if I had cancelled my Citi prestige less than a year ago (i.e. Janโ€™24) and apply again now (Octโ€™24), will I still be eligible for the welcome bonus?

Don

Do you think the 70k bonus mile offer will be back next time ? Or it is just going to get reduce like DBS Vantage

Stefan

In my 2 years with the Citi Prestige Card, the 4th Night Free benefit has been entirely useless, as the prices through Citi are heavily marked up.

For a recent hotel reservation, I would’ve paid (same hotel, same dates, breakfast included):
Citi Concierge SGD 739
Trip.com cost SGD 444

Essentially, compared to Citi, Trip.com gives me the 4th, 5th, and 6th night free.