A year after it first started, Citi has once again extended the 21,000 miles sign-up bonus for its PremierMiles Visa card in Singapore, this time to 30th September 2019.
As before, there are three sign-up offers in total, depending on whether you are an existing Citi credit card customer or not, and whether you wish to pay the first year annual fee.
This extension to the deal gives brand new customers, and former cardholders who have now exceeded 12 months without a Citi credit card, the opportunity to secure the main 21,000-mile sign-up bonus with a spend of S$7,500 in the first three months.
Here are the full details of the sign-up bonus options for the Citi PremierMiles Visa card, for applications by 30th September 2019.
The main offer – 21,000 miles bonus:
Provided you don’t currently hold a Citi credit card and haven’t held one in the last 12 months, you’ll be eligible for a bonus of 21,000 miles, subject to having S$7,500 of spending to do from the approval date until the end of the third full calendar month, not including the calendar month of card approval.
For example, if you are approved for the card on 9th September 2019, the qualifying spend period is from that date until 31st December 2019 (three full calendar months from the 1st October 2019).
It is subject to payment of the annual fee, which is S$192.60.
As usual, Citi sells this 21,000 miles bonus as a 30,000 miles one, because they include the miles you would earn anyway for spending S$7,500 locally at the 1.2 miles per dollar rate.
Those 9,000 miles aren’t part of the bonus because you would receive them if you spent that amount on the card without a sign-up bonus even running, and we think you should be earning more than that anyway with a card like the BOC Elite Miles (1.5 mpd on local spend).
30,000 miles is the total you will receive, but 21,000 miles is the bonus.
Cost per mile is the annual fee (S$192.60) divided by the bonus (21,000) = 0.92 cents each. Full terms and conditions for the main sign-up offer can be found here.
Offer 2 – 6,400 miles bonus:
If you’re still new to Citi credit cards but prefer not to pay the annual fee (first year fee waiver), and will spend at least S$3,000 from card approval to the end of the third full calendar month following the month card approval (as defined above), you will earn a 6,400 miles bonus.
Again Citi includes the miles you would earn anyway for spending S$3,000 on this card, even if a sign-up bonus didn’t exist, and so claims it to be a 10,000 miles bonus.
The terms and conditions for Offer 2 can be found here (note that unlike the other two options, this offer is available until the end of 2019).
Offer 3 – 14,000 miles bonus:
This one’s for you if you already hold another Citi credit card, for example the Citi Rewards or Citi Prestige, or you had a Citi credit card account which was terminated within the last 12 months and therefore don’t qualify as a ‘new’ Citi credit cardholder.
You can choose either from first year fee-waiver, or provided you spend S$7,500 from card approval to the end of the third full calendar month following the month card approval (as defined above):
- 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.
Remember both bonuses are subject to meeting the S$7,500 spend in the required time, including the 10,000 Citi Miles for payment of the annual fee.
Citi advertises this one as a 23,000 miles bonus, but of course again includes the 9,000 miles you would always earn spending S$7,500 on this card – so the true bonus is only 14,000 miles.
The terms and conditions for Offer 3 can be found here.
Citi Miles / ThankYou points are very flexible
One of the best things about Citi Miles and Citi ThankYou points in Singapore is the wide range of transfer partners compared with other bank loyalty points.
You can transfer your points into 12 different frequent flyer programmes and into IHG points.
|Citi Miles / ThankYou Points credit to the following loyalty schemes:|