Citi’s PayAll facility is back with its tax season promotion for eligible cardholders over the coming months, this time taking a different approach – once again cutting the usual 2.6% admin fee rather than hiking the earn rate like most previous deals.

The mechanics for this one split neatly in two.

• Tax payments earn a 0.7% cash rebate, dropping the effective PayAll fee to 1.9%.
• Non-tax payments (insurance, rent, school fees, and everything else) earn just a 0.2% rebate, leaving the effective fee at a relatively uncompetitive 2.4%.
• Layered on top, a flat S$80 eCapitaVoucher lands in your Citi Mobile App if you push S$8,000 or more through PayAll on a single eligible card during the promotion window.

As usual, the full 2.6% fee is charged upfront, with the rebate and voucher arriving some months later.

These promotions can still make sense for expenses where the merchant or service provider does not necessarily accept credit cards as a payment method, and like similar offers before it this latest one covers all PayAll payment types, though the economics now point very clearly at the annual IRAS bill option.

Citi has a range of options for its PayAll programme, including tax, insurance, charity and transport payments, not to mention payments to friends or family members for ‘services rendered’, given that the bank doesn’t request evidence of your payment.

The Q2 2026 offer

Between 17th April and 31st July 2026, Citi is offering the following bonus cash rebate on up to S$150,000 of PayAll spend:

Citi PayAll Q2 2026 Promo
Spend Category	Bonus Cash Rebate
Tax spend (Citi PayAll ‘Tax’ category)	0.7%
Non-Tax spend (all other categories)	0.2%

Minimum aggregate spend on a single eligible card during the period is S$6,000, counted across tax and non-tax together. The rebate then applies to all S$1 – S$150,000 processed on that card, giving a maximum cash value of between S$300 (all non-tax) and S$1,050 (all tax).

Separately, an S$80 eCapitaVoucher is awarded to anyone racking up S$8,000 or more of PayAll spend on a single eligible card during the promotion. Again this applies across any category, and with no eligibility cap on the number of participants.

No registration is required. As long as you set up and charge qualifying payments during the window, you’re in.

Eligible cards are:

• Citi ULTIMA Card
• Citi Prestige Card
• Citi PremierMiles Card
• Citi Rewards Card

Both Visa and Mastercard variants are included (though the Citi PremierMiles Visa and Citi Rewards Visa cards are heading for discontinuation anyway).

Supplementary cardholders don’t count, only principal cardmembers qualify.

Why the card you choose matters more this time

Past PayAll deals have typically boosted the earn rate across all eligible cards. For example, everyone earning 1.8 mpd regardless of which Citi card they held. That approach levelled the playing field – whichever card you used, you got the same effective cost per mile.

This deal does the opposite.

The earn rate stays at each card’s native level, and only the fee moves. The result is that the Citi ULTIMA Card pulls well ahead of its stablemates, while the Citi Rewards Card (at 0.4 mpd) becomes practically unusable for PayAll purposes.

Here’s how the numbers look.

Card	Earn Rate	Tax Cost per mile 1.9% fee	Non-Tax Cost per mile 2.4% fee
Citi ULTIMA	1.6 mpd	1.19¢	1.50¢
Citi Prestige   APPLY	1.3 mpd	1.46¢	1.85¢
Citi PremierMiles   APPLY	1.2 mpd	1.58¢	2.00¢
Citi Rewards   APPLY	0.4 mpd	4.75¢	6.00¢

1.19 cents per mile on the ULTIMA for tax spend is the best PayAll rate we’ve seen since the short-lived 1 cent per mile deal of April 2023.

For the Prestige and PremierMiles cards it’s competitive but less exciting, and for the Rewards card you’d be mad to participate for miles alone.

Factor in the S$80 eCapitaVoucher

Because the voucher is a flat S$80, its contribution as a percentage of spend shrinks as you spend more.

In other words – right at the S$8,000 threshold it’s effectively worth a further 1.0% against your fee; at the S$150,000 cap it barely moves the needle.

Here’s the combined cost per mile on the ULTIMA card for tax spend, treating the voucher at its S$80 face value.

Cost per Mile with S$80 voucher
Tax Spend on ULTIMA	Net Effective Fee	Cost per Mile
S$8,000	0.90%	0.56¢
S$20,000	1.50%	0.94¢
S$50,000	1.74%	1.09¢
S$150,000	1.85%	1.15¢

If your tax bill lands in the S$8,000 to S$20,000 range, the effective cost per mile is exceptional at less than one cent.

Bear in mind the eCapitaVoucher isn’t quite a cash-equivalent, though.

You can spend it at participating CapitaLand tenants (shops, restaurants and some supermarkets via the CapitaStar app), but only at those merchants, so you may want to shave a small allowance off the face value if those aren’t places you’d otherwise visit.

The voucher is delivered as a digital code via push notification in the Citi Mobile App, and must be activated within 80 days. Once activated, it’s valid for a year.

How this compares to past PayAll promotions

To put 1.19 cents per mile into context, here’s how recent PayAll promotions have stacked up.

Past Citi PayAll promotions
Period	Headline Rate Structure	Best Cost per Mile
Apr – Jul ’22	2.5 mpd (2% fee)	0.80¢
Oct ’22 – Jan ’23	1.8 mpd (2% fee)	1.11¢
Apr – Aug ’23	2.2 mpd (2.2% fee)	1.00¢
Oct ’23 – Feb ’24	1.8 mpd (2.2% fee)	1.22¢
Apr – Jul ’24	2 mpd tax 1.6 mpd non-tax (2.6% fee)	1.31¢*
Oct ’24 – Feb ’25	1.75 mpd (2.6% fee)	1.49¢
Apr – Aug ’25	1.8 mpd tax 1.6 mpd non-tax (2.6% fee)	1.44¢
Nov ’25 – Feb ’26	2.1% fee	1.31¢
Apr – Jul ’26 (current)	1.9% fee tax 2.4% fee non-tax	1.19¢

* April 2024 offer required S$5,000 of non-tax spend at 1.63 cents per mile to unlock the tax rate; the figure shown reflects the best achievable blended rate (achieved only at the S$150,000 spend cap). Realistic blended rates for most readers ranged from 1.39¢ to 1.50¢.

If you hold the ULTIMA card, this is the most competitive PayAll cost per mile for tax payments since April 2023.

Stacking opportunities

There’s more on offer here than just the headline rebate and voucher, if you play it right.

Citi Prestige airport limo rides

Citi Prestige cardholders unlock 2 complimentary airport limo transfers for every S$12,000 spent in a calendar quarter, and PayAll transactions count towards that threshold.

If your 2026 tax bill is S$24,000 or more, there’s a particularly neat timing play available here. Splitting your total payable into two roughly equal PayAll transactions, e.g. one with a charge date falling in June (Q2), another in July (Q3), straddles the calendar quarter boundary. At S$12,000+ charged in each quarter, two complimentary limo rides unlock per quarter, for four rides in total on top of the rebate and voucher.

Those on a GIRO arrangement with IRAS will be making minimum monthly payments anyway, so replacing two of those monthly payments with larger PayAll transactions in say June and July could cover roughly 50% of the bill in each month, spread the total across two calendar quarters, and maximise the Prestige limo stack in one go.

That’s potentially another ~S$300+ in value for what is effectively just a matter of scheduling.

Welcome offer qualifying spend

If you’ve recently signed up for a Citi card, PayAll transactions count towards your welcome bonus minimum spend (provided the service fee is paid, so not the zero-fee option, more on that below).

That makes PayAll a legitimate shortcut to clearing a welcome spend requirement, doubly rewarding during this promotion.

Setting it up the right way

A few rules of the road worth reading carefully before you get started.

Use one card only

Qualifying spend is counted on a single eligible card. If you split S$6,000 across two cards, neither qualifies for the rebate. Even if you spread S$20,000 across two cards, only the card with the highest accumulated spend will earn the rebate, not both. Pick your card and stick with it.

The tie-breaker rule

In the event of exactly equal spend across two or more eligible cards, Citi has spelled out the priority order in the T&Cs:

1. Citi ULTIMA
2. Citi Prestige
3. Citi PremierMiles
4. Citi Rewards

Good news if your default card for big spend is the ULTIMA or Prestige; less helpful if your go-to PayAll card sits lower down the priority list.

Don’t select the ‘Zero fees’ option

When setting up a PayAll payment in the Citi Mobile App, one of the service-fee options is flagged as ‘Zero fees’ (see here for details). Tempting as it looks, selecting this means no miles, no points, no rebate.

Obviously that transaction then won’t count towards the S$6,000 / S$8,000 thresholds either. Stick with the standard fee-paying option.

Setup and charge dates

Your PayAll payment setup date must fall within the 17th April 2026 to 31st July 2026 period, and the successful charge to your card must be on or before 6th August 2026. Any payments you’ve already scheduled outside this window won’t count, you’ll need to cancel and set them up again during the promotion period.

You can set up PayAll payments via the Citi Mobile App, by tapping the ‘Payments’ icon.

Do note that the discounted fee will not be reflected at the confirmation stage. Instead the app will show the full 2.6%. The rebate credits later, subject to the minimum spend being met.

Full terms and conditions for the promotion, including worked illustrations, can be found here.

Is it a good deal?

For tax payments on the ULTIMA card, yes. 1.19 cents per mile is a genuinely strong rate, and the eCapitaVoucher nudges it below 1 cent per mile for mid-sized tax bills.

For the Prestige (1.46 cents) and PremierMiles (1.58 cents) cards, the deal is still fair value for tax spend, and it may be the simplest way to pay a large IRAS bill if you want to keep things within the Citi ecosystem.

The usual caveat applies: this deal doesn’t always beat third-party payment providers.

CardUp is currently running a 1.73 – 1.75% fee offer for 2026 income tax payments, which takes the cost per mile down to 1.06 cents on some cards, including the Citi ULTIMA Visa.

However, those codes are restricted to Visa. For anyone holding a Citi Mastercard, which includes the ULTIMA, Prestige and many PremierMiles and Rewards cards, PayAll at 1.9% is effectively the best income tax option on the market right now.

ipaymy is offering a 1.99% fee option for one-time tax payments using a Mastercard, but this comes in slightly more expensive than the direct Citi PayAll option, once the rebate comes in.

On the non-tax side, the 0.2% rebate is barely a rebate at all, and the 2.4% effective fee rarely beats what CardUp or ipaymy offer across comparable cards. If your payment isn’t a tax bill, run the numbers before committing to PayAll.

The eCapitaVoucher might rescue the economics at lower spend levels, but it won’t move the needle much at the top end, and it may not have true ‘rebate value’ for you.

When does the rebate credit?

You’ll pay the full 2.6% admin fee upfront on every PayAll transaction during the promotion.

The cash rebate and eCapitaVoucher will both credit within 10 weeks of the end of the promotion period, which is by 9th October 2026. That’s a long wait for what is effectively a deferred discount, and as usual is the primary downside of most Citi PayAll promotions.

If your Citi Prestige annual fee (S$651.82, no waiver) or ULTIMA annual fee falls due before mid-October and you’re considering not renewing, be careful before cancelling during this window.

Closing or losing an account in good standing before the rebate is paid will forfeit both the cash back and the voucher.

Citi Miles / TYP remain very flexible

One of the best things about Citi Miles (and Citi ThankYou points, as earned with the Prestige or Rewards card) in Singapore is the wide range of transfer partners compared with other bank loyalty points.

You can transfer into 10 different frequent flyer programmes, and on the hotel side into IHG points.

Here’s how Citi compares to other banks in Singapore.

Singapore credit card transfer list
to FFP and hotel partners

Our comprehensive guide also gives examples of some of the alliance and partner airline redemptions you can achieve that you might not have considered before.

As you can see, Citi gives you a wide range of flight redemption options including Oneworld and SkyTeam carriers.

We’ve personally transferred Citi Miles into British Airways Avios (for good-value intra-Asia Cathay Pacific redemptions) and Asia Miles (for the Qatar Airways Qsuite to Europe), but Turkish Airlines and the Qatar Privilege Club are also strong options.

If you’re a Citi customer with one of the eligible cards and you’ve got a 2026 income tax bill to settle, this PayAll deal is the best proposition we’ve seen in nearly three years.

1.19 cents per mile on the ULTIMA card is the headline, though 1.46 cents per mile for the Citi Prestige is also competitive, and the flat S$80 eCapitaVoucher provides meaningful additional value for those whose PayAll spend lands in the S$8,000 – S$20,000 band.

The non-tax side of the offer is a much weaker proposition. 0.2% rebate is barely enough to notice, and CardUp or ipaymy typically come out ahead for that spending mix. Citi Visa cardholders should also check CardUp’s current income tax promo before committing, since its Visa-only codes may produce an even lower cost per mile than PayAll.

Top tips this time round:

• Pick one card and stick to it across the full promotion window
• Target at least S$8,000 of spend to unlock the voucher
• Prestige cardholders can consider spreading spend across Q2 and Q3 to pick up four complimentary limo rides in the process
• Be patient! The rebate and voucher won’t credit until October

(Cover Photo: Citi)