Citi PremierMiles Card Promotion: Up To 30,000 Bonus Miles

Citibank is running a limited-time sign-up promotion for the Citi PremierMiles Card, which I consider one of the best general spending credit cards in Singapore.

✍️ Citi PremierMiles Card Review: Best Of The Worst

Get up to 30,000 bonus miles

From 1 August 2024 to 30 Jun 2026, new credit card holders of Citibank can receive up to 30,000 bonus miles after spending at least S$800 by the end of the third calendar month from the card approval date.

Applicants will receive 8,000 or 30,000 bonus miles, depending on whether they choose to pay or waive the optional first-year annual fee of S$196.20.

✍️ Apply for the Citi PremierMiles Card
^{(Fulfilled by Citibank Singapore)}

Here’s how it works:

For further clarity on the minimum qualifying spend period, here are some examples:

🎁 View sign-up promotions of other Citibank credit cards

Citi miles are more valuable

Miles earned on the Citi PremierMiles Card give you far greater flexibility as compared to those earned through credit cards of other Singapore banks, mainly because:

• Citi miles never expire
  Keep the miles in your card for as long as you want; transfer to a preferred FFP only when you’re ready to make an award redemption.
• Get access to 9 useful frequent flyer programs
  More award availability, more award rates to compare.

✈️ Singapore credit card transfer partners

Is it worth paying the first-year annual fee?

First, you’d need to calculate your cost per mile by dividing the annual fee by the number of additional miles you receive.

Annual fee: S$196.20
Additional miles: 22,000 (30,000 minus 8,000)
Cost per mile: 0.89 cents

Cardholders are encouraged to have their own valuation of miles, depending on their award goals. In general, 0.89 cents is a good price to pay for Citi miles, as they give you access to Frequent Flyer Programs (FFPs) with low award rates to fly in Business Class to Japan/S. Korea, Europe and, of course, the KrisFlyer sweet spots.

Is the Citi PremierMiles Card good?

As covered in the beginner’s guide of the Miles Game, cards that are marketed as “Miles” or “Travel” cards should be used as a last resort, due to abysmal earn rates.

Citi PremierMiles Card earns just 1.2 miles per dollar (mpd) on SGD transactions and 2.2 mpd on foreign currency transactions (which unfortunately comes with a 3.25% FX junk fee). These earn rates are uncapped, but the reality is that you’d probably take forever to accumulate enough miles for a meaningful award redemption.

Seasoned travel hackers know that the real “Miles” cards are NOT those that are marketed as Miles/Travel cards; the real kings are Rewards cards (offered by various banks) that give you a far greater earn rate of 4 mpd, albeit with monthly caps.

In summary, I recommend using this Citi PremierMiles Card only for its good sign-up bonus, free airport lounge benefit and as a last resort (when all your 4 mpd cards are maxed out).

Here’s a quick look at the key benefits of the Citi PremierMiles Card:

Citi PremierMiles Card

Get 2 free airport lounge visits per year, earn 1.2 mpd on local spending and 2.2 mpd on foreign currencies

Apply

More information

Key details of the Citi PremierMiles Card

Ease of use ^{A rating (out of 5 stars) of how easy it is to achieve the maximum earn rate and other benefits advertised by this card.}:
Minimum annual income:• S’porean/PR: S$30,000
• Foreigner: S$42,000Annual fee: S$196.20 (first year waived; always comes with 10,000 miles, but request waiver every year ^{Paying S$196.20 for 10,000 miles is not worth it, unless if you need the miles urgently.})

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 Get 2 free airport lounge visits per calendar year ^{Get 2 free airport lounge visits worldwide via Priority Pass. Entitlement can be used for lounges, restaurants and spas, for the principal cardholder and guest. Supplementary cardholders do not have any airport lounge entitlement.}
 No minimum spending
 Uncapped earn rates
 Miles don’t expire
 9 useful miles transfer partners

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⚠️ Low earn rates (spend with 4 mpd cards instead):
• 1.2 mpd on local spending
• 2.2 mpd on foreign currency spending⚠️ 3.25% foreign transaction fee

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📄 Complete review

🎁 Sign-up promo

Promo terms and conditions

Here are the terms and conditions of the 8,000 bonus miles sign-up promo:

Here are the terms and conditions of the 30,000 bonus miles sign-up promo: