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Citi PremierMiles Card – MoneySmart Review 2021

·7-min read
Citi PremierMiles Review
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, no questions asked.

Citibank logo
Citibank logo

MoneySmart Exclusive

Earn Miles That Don't Expire - Annual Fee Applies

Citi PremierMiles Card

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:

Apply and spend $200 to get: $300 Cash OR an Ergotune Ergonomic Classic Chair (worth $399)

OR

Apply and spend $500 to get MORE: $350 Cash OR the NEW 10.2-inch Apple iPad Wi-Fi 64GB (worth $499) OR an Ergotune Ergonomic Classic Chair (worth $399)!

Valid until 30 Sep 2021

Apply Now

More Details

Key Features

  • S$1 = 1.2 Citi Miles on Local spend (no min. spend)

  • S$1 = 2 Citi Miles on Foreign currency spend

  • Annual Fee Applies

  • Earn 10,000 Citi Miles upon renewal of annual membership and payment of annual fee

  • Citi Miles never expire

  • Priority Pass membership gives you access to more than 600 airport lounges twice a year

    ™
  • Priority Pass membership is on application basis and is reserved for the Principal cardmember only, limited to 2 complimentary visits per calendar year

  • Complimentary Travel Accident Insurance up to S$1,000,000 coverage, Medical Assistance Programme and Travel Inconvenience Coverage

See all card details

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 for when travel opens internationally. For now, you can just fly to Germany.

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
Citi PremierMiles Card – MoneySmart Review 2020
  • Earn 10 Citi Miles per $1 spent on Kaligo.com. Valid till 31 December 2021.

Agoda

Citi PremierMiles Card – MoneySmart Review 2020
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 January 2022 and for stays till 30 April 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
UOB logo

Online Promo

High Miles Earn Rate

UOB PRVI VISA Miles Card

Local Spend

S$1 = 1.4 Miles

Overseas Spend

S$1 = 2.4 Miles

Selected Online Hotel and Flight bookings

S$1 = 6 Miles

Online Promo:

Receive S$300 Cash Credit for NTB Customers and S$150 Cash Credit for NTC Customers for 1st 100 Customers to make a min spend of $1.5K for each NTB and NTC within 30 days of card approval. T&Cs Apply

Valid until 30 Sep 2021

Apply Now

More Details

Key Features

  • Earn 6 miles with every S$1.00 spent on major airlines and hotels booked through Expedia, UOB Travel, and Agoda

  • Earn 2.4 miles for every S$1.00 spent overseas (including online shopping from overseas websites), and 1.4 miles for every S$1.00 spent locally

  • Choice to redeem for miles, cash rebate or vouchers

  • No minimum spend and no cap on earned miles

  • Complimentary personal accident coverage and emergency medical assistance of up to S$500,000

See all card details

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
American Express logo

Online Promo

Convenience & Perks for Frequent Flyers

American Express Singapore Airlines KrisFlyer Ascend Credit Card

Local Spend

S$1 = 1.2 Miles

Overseas Spend

S$1 = 2 Miles

Grab rides

S$1 = 3.2 Miles

Online Promo:

Receive 1 Night Stay in Luxury Room at Sofitel Sentosa Hotel (Room only, no breakfast) and 10,000 bonus miles when you spend S$5,000 within first 3 months of Card approval and make annual fee payment

Valid until 30 Sep 2021

Apply Now

More Details

Key Features

  • 1.2 KrisFlyer miles = S$1

  • 2 KrisFlyer miles = S$1 in foreign currency spent overseas on eligible purchases in June & Dec

  • 3.2 KrisFlyer miles = S$1 for Grab Singapore transactions, capped at S$200 per month

  • Spend above S$15,000 on eligible purchases on singaporeair.com within first 12 months of Card approval and get upgraded to KrisFlyer Elite Gold Membership

  • Up to $1 million travel insurance coverage

See all card details

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
Maybank logo

Maybank Horizon Visa Signature

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

Apply Now

More Details

Key Features

  • Earn 3.2 air miles (8X TREATS Points) for every S$1 spent on dining, petrol, taxi fares and hotel bookings at Agoda.com/horizon

  • Earn 2 air miles (5X TREATS Points) for every S$1 spent on air tickets, travel packages and foreign currency transactions

  • Complimentary lounge access with minimum spend of S$1,000 in a single transaction on a retail purchase

  • Complimentary Travel Insurance up to S$1,000,000

  • 3 years annual fee waived

See all card details

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.

The post Citi PremierMiles Card – MoneySmart Review 2021 appeared first on the MoneySmart blog.

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Original article: Citi PremierMiles Card – MoneySmart Review 2021.

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