Citi PremierMiles 34,200 miles sign-up bonus extended till 31 October

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

APPLY HERE

Sign-up bonus

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:

APPLY HERE

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.

APPLY HERE

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.

Full terms and conditions are available here, with applications for existing cardholders here.

Eligible spend

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.

Singapore credit card to FFP transfers

As you can see from the table above, Citi gives you a wide range of flight redemption options including oneworld and SkyTeam carriers.

For a full list of which credit card loyalty points balances transfer into which frequent flyer programmes or hotel loyalty schemes in Singapore, check out our comprehensive guide here. It also gives examples of some of the alliance and partner airline redemptions you can achieve that you might not have considered before.

That’s not the only reason the Citi PremierMiles card keeps its place in our wallets though. Check out our recent article outlining why it remains our favourite general spend credit card in Singapore, including recent PayAll deals and uncapped 4 mpd earn rate categories.

SingSaver alternative

If you’re new to Citi cards and spending S$9,000 or S$4,000 in the first three months sounds a bit steep, you can also consider an alternative deal through SingSaver until 31st August 2021, where you’ll instead be eligible to receive a Dyson Supersonic Hairdryer (worth S$599) or Apple Watch SE (worth S$419).

This one’s valid for those who haven’t held a Citi credit card in the last 12 months prior to application.

The offer is applicable for a number of Citi credit cards including the PremierMiles card, and is subject to just S$500 minimum spend in the first 30 days of card approval, with first year fee waiver.

Not interested in the Dyson or Apple products? SingSaver is also offering a S$350 cash alternative.

Dyson Supersonic Hairdryer (worth S$599)
or
Apple Watch SE (worth S$419)
or
S$350 cash

APPLY HERE

For the SingSaver offer, you’ll have to follow these application steps:

1. Apply via this link, which will take you to the SingSaver landing page for Citi cards.
2. Click ‘Apply Now’ and enter your email address on the redemption form, then click ‘Confirm’.
3. Submit your application and take a screenshot of your Application Reference Number (12 alphanumeric characters)
4. Within 14 days of application, complete the SingSaver rewards form sent to your email address.
5. Have the card approved by 30th September 2021, activate it and make a minimum spend of S$500 as within the first 30 days of account opening.

You’ll then receive a rewards notification from SingSaver confirming the redemption details for your gift within four calendar months (do take note, it’s far from immediate!).

Terms and conditions are available here.

Summary

The competitive sign-up bonus for Citi’s PremierMiles card had a great boost late last year, with 34,200 bonus miles on offer, and happily this has now been extended for applications by 31st October 2021.

It’s the equivalent of buying miles for 0.56 cents each, for those with S$9,000 spend to make in the first three months.

You might qualify having cancelled your last Citi credit card more than 12 months before 1st November 2020 (for example, if you cancelled in October 2019 or earlier, you’re now eligible).

Fast Facts   Annual fee: $192.60/yr (first year free) EIR: 26.9% Local earn rate: 1.2 miles per $1 Overseas earn rate: 2 miles per $1 Bonus earn rate: 4 miles per $1 Lounge access: 2 per year (Priority Pass) Foreign transaction fee: 3.25% Minimum Age: 21 Minimum income: $30,000/yr
Dyson Supersonic Hairdryer (worth S$599) or Apple Watch SE (worth S$419) or S$350 cash APPLY HERE	34,200 miles when you spend APPLY HERE