Last month Citi rolled out a great offer for its PayAll service, with a hiked earn rate of 2.5 mpd when using the Citi PremierMiles, ULTIMA or Prestige cards to make any series of payments on or before 31st August 2021, capped at S$120,000.
That simple offer is still running, meaning you can continue to take advantage of this excellent earn rate – the equivalent of buying miles at just 0.8 cents each – without worrying about setting up recurring payments or or meeting a minimum number of transactions, as with some previous PayAll deals.
New offer – S$100 cashback on recurring payments
Citi has now launched a new offer running from 1st June 2021 to 30th September 2021 for those setting up a recurring payment of at least six consecutive months, with a flat S$100 cashback awarded, provided each monthly instalment is a least S$500.
No registration is required and the promotion is available to all Citi customers, whether they have used PayAll before or not, holding one of the following cards:
- Citi ULTIMA Card
- Citi Prestige Card
- Citi PremierMiles Card
- Citi Cash Back+ Card
- Citi Cash Back Card
- Citi Rewards Card
To benefit from the cashback, you’ll have to set up your six-month recurring payment and ensure both the setup date and the first charge date falls within the promotion period (1st June 2021 to 30th September 2021).
The subsequent 5+ charge dates can all fall outside the promotion window if you wish.
Note: If you have an existing recurring payment scheduled through PayAll which was first set up on or before 31st May 2021, you’ll have to cancel that and set it up again to benefit from this offer.You’ll then receive S$100 cashback in the form of an account credit within 10 weeks of the third successful recurring payment.
For example, if you set up the first monthly payment on 20th June 2021, you’ll receive the cash credit by 29th October 2021 (10 weeks after the 20th August 2021 payment).
Here’s an example of how this can seriously reduce (or even replace) the effective 2% fee for recurring PayAll payments.