Citi PremierMiles Card – MoneySmart Review 2020

Citi PremierMiles Review

The Citi PremierMiles Card has been in the spotlight for the longest time: It’s considered one of the most popular Citibank credit cards, and once upon a time, some even regarded it as the best miles credit card in Singapore.

Why? Citi PremierMiles Card has one of the best sign-up bonuses in town. Earning miles on an air miles credit card takes a painfully long time, and one way to work around that is to get a credit card with a big sign-up bonus so you can get a sizeable bump in your miles.

Is the Citi PremierMiles still worth getting? Let’s find out.

 

Citi PremierMiles Card essential information

Citi PremierMiles Card
Annual fee $192.60
Supplementary annual fee Complimentary
Interest free period 25 days
Annual interest rate 26.90%
Late payment fee $100
Minimum monthly repayment 1% or $50, whichever is higher
Foreign currency transaction fee 3.25%
Cash advance transaction fee 6% or $15, whichever is higher
Overlimit fee $40
Minimum income $30,000 (Singaporean/PR) / $42,000 (non-Singaporean)
Card association Mastercard
Wireless payment MasterCard PayPass, Samsung Pay, Citi Pay

 

How the Citi PremierMiles Card works

The Citi PremierMiles Card was once a top pick for air miles because of its huge welcome bonus of 42,000 miles with $10,000 spend. For those with big expenses like home renovations or family vacations coming up, it made total sense to get this credit card. Sadly, this offer expired on 28 Feb 2018 and has been replaced by other slightly lousier — but still quite attractive — welcome promotions.

Citibank logo
MoneySmart Exclusive
Local Spend
S$1 = Up to 1.2 Miles
All Foreign Currency Spend including Retail and Online
S$1 = 2 Miles
Selected Online Hotel Bookings
S$1 = Up to 10 Miles
MoneySmart Exclusive: Last Day! Get an Airpods Pro or Nintendo Switch Lite when you apply & spend on your card. Fill in a 3 mins redemption + survey after application to redeem! T&Cs apply. Valid till 10 Aug 2020.

If you’re a new Citi credit card customer, you earn 37,300 Citi Miles when you pay the annual fee ($192.60) and spend $9,000 within your first 3 months of your card approval. Or still earn 10,000 Citi Miles — and enjoy first year annual fee waiver — when you spend $3,000o within your first 3 months of your card approval. Both are valid till 30 September 2020.

Got a Citi credit card already? You can still apply for the Citi PremierMiles one and receive up to 24,3000 Citi Miles and $100 Kaligo e-voucher when you spend $9,000 in 3 months. Got to pay the annual fee ($192.60) for the first year though. This is valid till 30 September 2020 too. The other option is apply for the card and have your first year annual fee waived.

Welcome promotions aside, the Citi PremierMiles Card standard miles accrual rate is $1 = 1.2 Citi Miles (local spend) and $1 = 2 Citi Miles (foreign currency spend).

Also, Citi Miles never expire, so you can slowly earn your air tickets.

 

Who should use the Citi PremierMiles Card?

The Citi PremierMiles Card is fantastic for making travel bookings and big purchases. Both the overseas and local earn rates lose to its biggest competitor the UOB PRVI Miles Card ($1 = 2.4 miles for foreign currency spend, and $1 = 1.4 miles for local spend, no minimum).

That said, you may get quite a bit of utility out of the Citi PremierMiles Card if you make most (if not all) your bookings via travel aggregators Agoda and Kaligo, thanks to the current travel promotions and bonus earn rates.

The Citi PremierMiles Card also comes with Priority Pass membership for the Principal cardmember only (on application basis, 2x airport lounge visits per year) and complimentary travel insurance coverage of up to $1,000,000.

 

Citi PremierMiles Card promotions

Kaligo

Citi PremierMiles Card – MoneySmart Review 2020

  • Earn 10 Citi Miles per $1 spent on Kaligo.com. Valid till 31 December 2020.

Agoda

Citi PremierMiles Card – MoneySmart Review 2020

  • Earn up to 7 Citi Miles per $1 spent on hotel bookings worldwide. Valid for bookings made now till 31 August 2020 and for stays till 31 March 2021.

 

Alternatives to the Citi PremierMiles Card

I mentioned earlier that the Citi PremierMiles has poorer earn rates than its main competitor, the UOB PRVI Miles Card. Let’s compare it against similar credit cards on the market:

UOB PRVI Miles Card – Much better earn rates than the Citi PremierMiles, at $1 = 1.4 miles (local) and 2.4 miles (overseas), hence a better credit card for day-to-day use. It also has a competitive travel booking promotion with $1 = up to 6 miles (Agoda, Expedia, UOB Travel).

UOB logo
Local Spend
S$1 = 1.4 Miles
Overseas Spend
S$1 = 2.4 Miles
Selected Online Hotel and Flight bookings
S$1 = 6 Miles
  • Receive S$150 cash credit when you apply. Valid till 31 Aug. T&Cs apply.

American Express Singapore Airlines KrisFlyer Ascend Credit Card

– Poorer overall earn rates than the Citi PremierMiles Card, but has bonus accrual for Grab rides ($1 = 3.2 miles). Its welcome offers is also less attractive: You only get 5,000 KrisFlyer miles the first time you charge to your card — for first-time American Express Singapore Airlines Credit Card applicants only.

American Express logo
Local Spend
S$1 = 1.2 Miles
Overseas Spend
S$1 = 2 Miles
Grab rides
S$1 = 3.2 Miles
Online Promo: Get up to 32,000 bonus miles when you apply! T&Cs apply. Valid till 30 Sep 2020.

Maybank Horizon Visa Signature Card – With high bonus earn rates ($1 = 3.2 miles) on local dining, petrol and taxis, it’s hard to beat this one for getting miles on your daily expenses. There is a $300 minimum spend, which is reasonably low. Rewards are capped at 30,000 TREATS points per month.

Maybank logo
on Dining, Petrol, Taxi and Hotel Bookings at Agoda
S$1 = 8X Points
on Air Tickets, Travel Packages and Foreign Currency Spend
S$1 = 5X Points
Rewards to Miles Conversion for Selected Airline Partners
1 Point = 0.5 miles
Online Promo: Get S$100 Cash Credit with Maybank Credit Cards and CreditAble! Valid till 31 Dec 2020.

All in all, the Citi PremierMiles Visa Card has a decent welcome bonus, but that’s about it. Its main spend category for bonus miles is travel booking sites, but even for those, you’re better off with the UOB PRIVI Miles card’s more attractive earn rates.

If you want to earn miles while swiping for day-to-day stuff like meals and transport instead, then the Maybank Horizon Visa Signature is a much, much better choice.

Related articles

Best Citibank Credit Cards in Singapore – Credit Card Reviews 

The Best Air Miles Credit Cards in Singapore

Cashback vs Air Miles vs Rewards – Which credit card is best for you?