Citi PremierMiles Card – MoneySmart Review 2022

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 is a top pick for air miles because of its huge welcome bonus of 45,000 miles and spend $9,000 within 3 months.

Citibank logo
MoneySmart Exclusive
Faster Gift Redemption
Local Spend
S$1 = 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:

Apply and spend S$500 to get S$350 Cash OR an Apple iPad 10.2" Wi-Fi (worth S$499) OR an Apple AirPods Pro + S$100 Cash (worth S$479) OR an Nintendo Switch OLED (worth S$549) as soon as 6 weeks from Credit Card approvalT&Cs apply.

Valid until 31 May 2022

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 even if you aren’t travelling as frequently as before, you can still claim them later.

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 2022.

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 July 2022 and for stays till 31 October 2022.

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
High Miles Earn Rate
Local Spend
S$1 = 1.4 Miles
Overseas Spend
S$1 = 2.4 Miles
Selected Online Hotel and Flight bookings
S$1 = 6 Miles

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
MoneySmart Exclusive
Convenience & Perks for Frequent Flyers
Local Spend
S$1 = 1.2 Miles
Overseas Spend
S$1 = 2 Miles
Grab rides
S$1 = 3.2 Miles
MoneySmart Exclusive:

Apply and spend S$500 to get S$250 Cash via PayNow OR an Apple Watch SE (worth S$419) OR an  Accor+ Explorer, 1 year membership (worth S$408). T&Cs apply.

Valid until 31 May 2022

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

All in all, the Citi PremierMiles Visa Card has a decent, no-strings-attached 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.