Credit Cards Deals

Citi hikes PremierMiles Visa sign-up bonus to 26,500 miles

Citi boosts its sign-up offer for the PremierMiles Visa card to 26,500 miles

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The Citi PremierMiles Visa card hasn’t been without a sign-up bonus for over a year now, with a longstanding 21,000 miles offer for new Citi credit card applicants running for some time. This month though the bank has enhanced the bonus, with 26,500 miles now offered for applications made in the next four months.

As before, there are three sign-up offers in total, ranging from 6,400 to 26,500 miles bonus, depending on whether you are an existing Citi credit card customer or not, and whether you wish to pay the first year annual fee.

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This extension and enhancement 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 26,500-mile sign-up bonus with a spend of S$9,000 in the first three months.


The details

Here are the full details of the sign-up bonus options for the Citi PremierMiles Visa card, for applications by 31st January 2020.


The main offer – 26,500 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 26,500 miles, subject to having S$9,000 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 11th October 2019, the qualifying spend period is from that date until 31st January 2020 (three full calendar months from the 1st November 2019).

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

As usual, Citi sells this 26,500 miles bonus as a 40,000 miles one, because they include the miles you would earn anyway for spending S$9,000 locally at the (currently enhanced, but complicated) 1.5 miles per dollar rate.

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Those 13,500 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 frankly you could get them with another card like the BOC Elite Miles.

40,000 miles may well be the total you will receive, but 26,500 miles is the bonus.

Not only is the 40,000 miles headline a bit false, Citi are being very cheeky indeed here by suggesting that to meet the S$9,000 minimum spend over the first three months you will definitely spend S$3,000+ each statement cycle to generate the 1.5 mpd local earn rate instead of 1.2 mpd.

In reality you could spend S$2,500 in month 1, S$2,500 in month 2 and $4,000 in month 3 to qualify for the sign-up bonus, only giving you 12,000 miles from your regular spend ((2,500 x 1.2) + (2,500 x 1.2) + (4,000 x 1.5)) not the 13,500 miles they claim.

Furthermore it might not even be possible to access the 1.5 mpd rate at all, because you could apply for this card at the end of the year, and the 1.5 mpd offer ends on 31st December 2019! Citi does mention this, but surprise, surprise – it’s buried deep in the T&Cs.

Seat 11A
26,500 miles is more than enough to redeem a Business Class saver award from Singapore to Bali. Pick the Boeing 787 (pictured) for the newest seats. (Photo: MainlyMiles)

Not withstanding the trickery, cost per mile for the 26,500 mile sign-up bonus is the annual fee (S$192.60) divided by the bonus (26,500) = 0.73 cents each. A very competitive rate to buy miles.

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 (this time based on the regular 1.2 miles per dollar local earn rate).

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The terms and conditions for Offer 2 can be found here (note that unlike the other two options, this offer is only available for applications until 31st December 2019).

Offer 3 – 13,500 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$9,000 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 3,500 Citi Miles (13,500 miles total) and a S$100 e-voucher.

Remember both bonuses are subject to meeting the S$9,000 spend in the required time, including the 10,000 Citi Miles for payment of the annual fee.

Citi advertises this one as a 27,000 miles bonus, but of course again includes the 10,000 miles you would always earn spending S$9,000 on this card (back at the 1.5 mpd rate) – so the true bonus is only 13,500 miles.

That has actually reduced by 500 miles since the same offer ended on 30th September 2019.

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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 11 different frequent flyer programmes and into IHG points.

Citi Miles / ThankYou Points credit to the following loyalty schemes: