Credit Cards Deals News

New Citi PremierMiles sign-up bonus announced – 21,000 miles

21,000 bonus miles for those new to Citi credit cards and 14,000 miles for existing Citi customers with the latest Citi PremierMiles Visa promotion

Citi PM Visa Maldives

Finally after a few ‘dry months’ with no sign-up promo, Citi have announced their latest offer for new Citi PremierMiles card applicants. The deal runs from 1st August 2018 (yesterday, strangely enough, even though they just launched the offer on their site at 9pm this evening) until 31st October 2018.

21,000 Miles Sign-up bonus

The latest sign-up bonus for the Citi PremierMiles card for those not currently holding a Citi credit card and having not held one in the last 12 months prior to 1st August 2018, is worth 21,000 miles, provided you have S$7,500 of spending to do in the next 3 full calendar months from the end of the calendar month of card approval.

For example, if you are approved for the card on 12th August 2018, the qualifying spend period is from that date until 30th November 2018 (3 full calendar months from the end of August 2018).

It is subject to payment of the annual fee of S$192.60.

If you prefer not to pay the annual fee, the regular Citi S$120 cashback offer is available. As 21,000 miles are worth around S$420 we would strongly recommend paying the fee to receive the welcome bonus.

You will still earn the standard rate of 1.2 Citi Miles per S$1 spent locally or 2.0 Citi Miles per S$1 spent overseas, in addition to the bonus amounts. That means if you go for the full 21,000 bonus miles offer by spending S$7,500 over three months, you’ll net an extra 9,000 miles assuming you use the card for local spend, for a total of 30,000 miles (21,000 + 9,000).

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Full terms and conditions for new Citi credit card customers can be found here.

What about existing or former Citi customers?

If you are an existing Citi credit card holder, or had a Citi credit card account which was terminated in the last 12 months prior to 1st August 2018, you won’t be eligible for the sign-up bonus above, and instead can choose either from first year fee-waiver, or:

  • 10,000 Citi Miles on approval and payment of the annual fee (S$192.60).
  • An additional 4,000 Citi Miles (14,000 miles total) and a S$100 Kaligo.com e-voucher, if you spend S$7,500 on the card within the first 3 months.

Again you will still earn the standard rate of 1.2 Citi Miles per S$1 spent locally or 2.0 Citi Miles per S$1 spent overseas, in addition to the bonus amounts. That means if you go for the maximum bonus miles offer by spending S$7,500 over three months, you’ll again net an extra 9,000 miles assuming you use the card for local spend, for a total of 23,000 miles (10,000 + 4,000 + 9,000).

Full terms and conditions for existing Citi credit card customers can be found here.

Earning rates

As we’ve said above – the Citi PremierMiles Visa earns 1.2 miles for every S$1 spent locally (i.e. transacted in SGD), and 2.0 miles for every S$1 spent overseas (i.e. transacted in foreign currency).

Citi has one of the widest range of frequent flyer programs for you to transfer your points into, including British Airways, Qatar Airways, Thai and Qantas, making these very flexible points to accrue. Attractive cost per mile too, at 0.92 cents each, provided you have S$7,500 spending to do in the next 3 months. See our full review for more details, including a full list of transfer partners.

Successful sign-ups for Citi cards pay MainlyMiles an affiliate commission.

Citi PremierMiles Visa
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Sign-up Bonus: 21,000 miles
Annual Fee: S$192.60
Cost per mile: 0.92¢
Min Spend: S$7,500 in 3 months
Min Income: S$30,000/yr
Citi Miles credit to the following programs:
KFtrans
Asia
BA
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What about the Citi PremierMiles Amex?

Currently no sign-up bonus has been announced for the Citi PremierMiles Amex card, which features a slightly better local earning rate of 1.3 miles per S$1 spent, but in most other aspects is the same as the PremierMiles Visa offering.

Our summary

A welcome return for the Citi PremierMiles sign-up bonus, missing such an offer since 31st March this year. The income requirement for this card was also cut to S$30k per annum in June, making it even more accessible.

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Citi are advertising the offer as a 30,000 miles promotion, though in fact 9,000 of these are miles you would earn anyway when spending the required S$7,500, making the bonus 21,000. (Image: Citi)

While not as attractive as some of the previous sign-up bonuses for this card – 21,000 miles is worth about S$420 against a future redemption with Singapore Airlines under the KrisFlyer scheme, and a similar amount with many of the other programs you can transfer Citi Miles into, like Asia Miles and Avios.

That more than justifies the annual fee, which also entitles you to a recurring 10,000 miles per year bonus on each subsequent renewal. Citi Miles also never expire, so there’s no rush to transfer them into KrisFlyer or any other scheme until you’re ready.

As we also mentioned in our full review of the card, there are also regular ‘cheap miles’ promotions for existing cardholders, one of them offering 31,200 bonus miles for a spend of S$9,000 over a 2-month period in 2017, for an administrative fee of S$238, an absolute no-brainer for the miles collector.

In summary we think this is one to have in your wallet, assuming you don’t already. The sign-up bonus alone is worth it, provided you have S$7,500 spending to do over the next 3 months. Even for existing Citi credit card holders, this is worth considering.

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Successful sign-ups for Citi cards pay MainlyMiles an affiliate commission.

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