Citi has extended its top bonus miles offer for the popular PremierMiles card to 31st October 2021, allowing you to net 34,200 bonus miles with a minimum spend of S$9,000 in the first three months, provided you’re not currently a primary Citi credit card holder or you cancelled your last card with the bank on or before 31st October 2019.
This allows you to buy miles for just 0.56 cents each, a very competitive rate, provided you have a relatively large amount of spending coming up in the next few months.
There continue to be two sign-up offers for new customers, depending on whether you wish to pay the first year annual fee or not.
34,200 miles when you spend
Here are the full details of the sign-up bonus options for the Citi PremierMiles card, for applications by 31st October 2021.
The main offer – 34,200 miles bonus:
Provided you don’t currently hold a Citi credit card as the primary cardholder and haven’t held one in the 12 months before 1st November 2020, you’ll be eligible for a bonus of 34,200 miles, subject to having S$9,000 of spending to make 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 4th September 2021, the qualifying spend period is from that date until 30th November 2021 (three full calendar months from 1st October 2021).
It is subject to payment of the annual fee, which is S$192.60. Your card must be approved within 30 days of the application date.
Bonus miles are awarded within two months of meeting the spend criteria.
As you can see you’ll get the remainder of the month in which your card was approved plus three full calendar months thereafter to meet the spend threshold.Pro Tip: Try to get approved towards the beginning of the month to give yourself almost four months to meet the spend threshold.
Citi promotes this 34,200 miles bonus as a 45,000 miles one, because they include the miles you would earn anyway for spending S$9,000 locally at the 1.2 miles per dollar rate.
Here’s how the bank outlines the offer:
Those 10,800 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 you should probably be earning more than that anyway with a card like the UOB PRVI Miles (1.4 mpd on local spend).
Worse still, you may be diverting spend away from 4 mpd cards to ensure you meet the spend criteria.
So while 45,000 miles is the total you will receive, 34,200 miles is the bonus.
Cost per mile is the annual fee (S$192.60) divided by the bonus (34,200) = 0.56 cents each.
Full terms and conditions for the main sign-up offer can be found here.
Offer 2 – 13,200 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$4,000 from card approval to the end of the third full calendar month following the month card approval (as defined above), you will earn a 13,200 miles bonus.
Again Citi includes the miles you would earn anyway for spending S$4,000 on this card, even if a sign-up bonus didn’t exist, and so promotes it as an 18,000 miles deal.
Under this offer you’re effectively earning 4.5 mpd for the first S$4,000 spend (18,000 total miles earned divided by S$4,000).
The terms and conditions for Offer 2 can be found here.
Existing Citi cardholders
If you already hold a Citi credit card, but not the PremierMiles product, Citi also has a sign-up offer for you with a reduced bonus of 13,500 miles, plus a S$100 Kaligo.com e-Voucher for redemption against a future hotel stay.
You’ll still have to spend a significant S$9,000 in the first three months to be eligible, and pay the first year S$192.60 fee, which means buying miles at a much less attractive 1.43 cents each.
Note that the Kaligo.com e-Voucher must be redeemed by 31st December 2021 and is only valid for 2+ night stays, which may be restrictive.
Alternatively, existing Citi credit card customers can simply opt for first year fee waiver, with no bonus miles.
With these sign-up offers you’ll have to make sure your minimum spend (e.g. S$9,000 for the maximum bonus) falls under eligible categories, which Citi defines as:
Any retail transactions (including internet purchases) which do not arise from:
- Annual fees, interest charges, late payment charges, GST, cash advances, instalment / easy / extended / equal payment plans, preferred payment plans, balance transfers, cash advances, quasi-cash transactions, all fees charged by Citibank or third party, miscellaneous charges imposed by Citibank (unless otherwise stated in writing by Citibank);
- Funds transfers using the card as source of funds;
- Bill payments (including via Citibank Online or via any other channel or agent)
Citi PayAll transactions are counted towards the minimum spend, though it’s probably a bit late for new cardholders to take advantage of the 2.5 mpd offer, which allows you to buy miles for 0.8 cents each, but unfortunately ends on 31st August 2021.
Citi Miles 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 miles into 11 different frequent flyer programmes and into IHG points.