If you’re a frequent traveller, you know that overseas spending can be a significant expense. That’s why it’s essential to have a credit card that rewards you for your spending. The Citi PremierMiles Card is one such card that offers a range of benefits and rewards for overseas spenders in Singapore.
With the Citi PremierMiles Card, you can earn up to 4 Citi Miles for every $1 spent on overseas transactions, including shopping, dining, and exploring local attractions. There is no minimum spend requirement, so every experience you purchase contributes to the accumulation of miles. Additionally, you can earn an additional 2 Citi Miles per $1 qualifying foreign currency spend while overseas between 1 November 2023 and 31 January 2024.
The Citi PremierMiles Card also offers a renewal bonus of 10,000 Citi Miles on your card anniversary. This bonus, combined with the generous earning rates for overseas spend, makes the card an attractive option for frequent travellers. In the following sections, we will explore how to maximise your overseas spend with the Citi PremierMiles Card and the additional perks and benefits you can enjoy.
Citi PremierMiles Card Overview
If you’re a Singaporean who loves to travel, the Citi PremierMiles Card is an excellent choice for you. This credit card is designed to help you earn miles quickly and easily, making it easier for you to go on your next holiday.
Key Features
The Citi PremierMiles Card comes with a range of features that make it an attractive option for frequent travellers. Here are some of the key features you can expect from this card:
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Annual Fee: The Citi PremierMiles Card has an annual fee of $192.60. However, the fee is waived for the first year, so you can enjoy all the benefits of the card without having to pay anything.
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Citi Miles: With the Citi PremierMiles Card, you can earn Citi Miles for every dollar you spend. You’ll earn 1.2 Citi Miles for every dollar you spend locally, and 2 Citi Miles for every dollar you spend overseas.
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Bonus Miles: When you apply for the Citi PremierMiles Card, you’ll receive a welcome bonus of up to 30,000 Citi Miles. You’ll need to spend a minimum of $9,000 within the first three months to qualify for this bonus.
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Priority Pass: The Citi PremierMiles Card comes with a complimentary Priority Pass membership, which gives you access to over 1,000 airport lounges around the world.
Miles Earning Potential
With the Citi PremierMiles Card, you can earn miles quickly and easily. Here’s an example of how many miles you could earn in a year:
| Spending Category | Monthly Spend | Citi Miles Earned |
|---|---|---|
| Local Spend | $1,000 | 14,400 |
| Overseas Spend | $500 | 12,000 |
| Total | $1,500 | 26,400 |
As you can see, you could earn over 26,000 Citi Miles in a year just by using your card for your everyday expenses. This could be enough to redeem for a free flight or hotel stay, making your next holiday more affordable.
Overall, the Citi PremierMiles Card is an excellent option for Singaporeans who love to travel. With its generous rewards program and range of features, it’s easy to see why it’s such a popular choice. If you’re interested in applying for this card, be sure to check the eligibility criteria and annual income requirements before you apply.
Maximising Overseas Spend
When travelling abroad, it’s important to know how to maximise your overseas spend. With the Citi PremierMiles Card, you can earn up to 4 mpd on foreign currency spend, making it an ideal card for frequent travellers.
Understanding FCY Fees
Before you start spending overseas, it’s important to understand foreign currency (FCY) fees. When you make a purchase in a foreign currency, your bank will charge you a fee for converting the currency. This fee can range from 1% to 3% of the transaction amount. With the Citi PremierMiles Card, you won’t have to worry about these fees, as the card waives all FCY fees.
Earning Miles on Foreign Spend
The Citi PremierMiles Card offers up to 4 mpd on foreign currency spend. This means that for every $1 spent in a foreign currency, you’ll earn 4 Citi Miles. To earn these miles, you’ll need to use your Citi PremierMiles Card for all foreign currency transactions.
Promotions and Bonuses
Citi frequently offers promotions and bonuses for overseas spend. For example, from now till 31 Jan 2024, you can earn up to 4 mpd on in-person overseas spend with your Citi PremierMiles Card, with a min. spend and cap of S$5,000 per month. Additionally, you can earn up to 30,000 bonus Citi Miles as a welcome gift when you sign up for the card.
To earn even more miles, consider using Citi PayAll. This service allows you to pay for rent, education, taxes, and more with your credit card. You can earn up to 4 mpd on these transactions, making it an easy way to earn more miles.
By understanding FCY fees, earning miles on foreign spend, and taking advantage of promotions and bonuses, you can maximise your overseas spend with the Citi PremierMiles Card.
Additional Perks and Benefits
As a Citi PremierMiles cardholder, you are entitled to a range of additional perks and benefits that make your overseas travel experience even more enjoyable. Let’s take a closer look at some of the key perks and benefits you can enjoy.
Travel Insurance Perks
When you use your Citi PremierMiles card to book your travel, you will be automatically enrolled in Citi’s complimentary travel insurance program. This program provides you with comprehensive travel insurance coverage, including medical expenses, trip cancellation, and lost luggage. The coverage is valid for up to 30 days from the date of departure, and there is no need to purchase additional insurance.
Exclusive Lounge Access
As a Citi PremierMiles cardholder, you will also enjoy exclusive access to over 1,000 airport lounges worldwide through Priority Pass. This means that you can relax in comfort and style before your flight, with complimentary food and drinks, comfortable seating, and free Wi-Fi. Simply present your Priority Pass membership card at the lounge entrance, and you’re in.
Partner Offers and Rewards
Citi has partnered with a range of travel and lifestyle brands to offer you exclusive discounts, rewards, and privileges. For example, you can earn KrisFlyer miles or Asia Miles when you use your Citi PremierMiles card to book flights or hotels with participating partners. You can also enjoy discounts on dining, shopping, and entertainment at partner merchants.
In addition to these perks and benefits, you will also earn Citi Miles for every dollar you spend on your Citi PremierMiles card, which you can redeem for flights, hotels, and other travel-related expenses. With all of these benefits, it’s no wonder that the Citi PremierMiles card is a top choice for frequent travellers in Singapore.
Understanding Fees and Charges
As with any credit card, it’s important to understand the fees and charges associated with the Citi PremierMiles Card before signing up. Here are some of the key costs to keep in mind:
Annual Membership Costs
The Citi PremierMiles Card comes with an annual fee of S$196.20 inclusive of 9% GST. This fee is charged once a year and covers the cost of maintaining your account and providing you with benefits like travel insurance and reward points.
Foreign Transaction Fees
If you use your Citi PremierMiles Card to make purchases in a foreign currency, you will be charged a foreign currency transaction fee of 3.25% of the transaction amount. This fee is charged by Visa and Mastercard and is not specific to the Citi PremierMiles Card.
Other Potential Costs
In addition to the annual fee and foreign transaction fee, there are a few other potential costs to keep in mind when using your Citi PremierMiles Card:
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Late Payment Charge: If you fail to make your minimum payment on time, you will be charged a late payment fee of S$100.
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Overlimit Fee: If you exceed your credit limit, you will be charged an overlimit fee of S$40.
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Interest Rate: If you carry a balance on your Citi PremierMiles Card, you will be charged interest at a rate of 26.9% p.a.
It’s important to note that these fees and charges can add up quickly, so it’s important to use your Citi PremierMiles Card responsibly and pay your balance in full each month to avoid interest charges.
Redeeming Miles and Points
If you’re a frequent flyer, then the Citi PremierMiles Card is a great option for you. With this card, you can earn miles for every dollar you spend. These miles can be redeemed for a variety of rewards, including flights, hotel stays, and more.
Conversion to Frequent Flyer Programs
One of the best features of the Citi PremierMiles Card is that you can convert your miles to a variety of frequent flyer programs. This means that you can use your miles to book flights on a wide range of airlines, including Singapore Airlines, Cathay Pacific, and more.
The transfer ratio for the Citi PremierMiles Card is 1 Citi Mile to 1 KrisFlyer mile, which is a very competitive rate. This means that you can easily accumulate KrisFlyer miles with your Citi PremierMiles Card and redeem them for flights, upgrades, and other rewards.
Best Redemption Options
When it comes to redeeming your miles, there are a few options that stand out as the best. One of the best redemption options is to use your miles to book flights. With the Citi PremierMiles Card, you can earn up to 2 miles per S$1 spent on overseas transactions, and these miles never expire. This means that you can accumulate miles over time and use them to book flights when you’re ready to travel.
Another great redemption option is to use your miles to book hotel stays. With the Citi PremierMiles Card, you can earn up to 10 miles per S$1 spent on hotel bookings through Agoda. This is a great way to save money on your next hotel stay while earning miles at the same time.
In conclusion, the Citi PremierMiles Card is a great option for anyone who loves to travel. With its competitive transfer ratio, miles per S$1 spent on overseas transactions, and never-expiring miles, this card is a great way to earn and redeem miles for a variety of rewards.
Frequently Asked Questions
What fabulous perks come with using the Citi PremierMiles card abroad?
Using the Citi PremierMiles card abroad comes with some fantastic perks. Firstly, you can earn up to 4 miles for every S$1 spent on foreign currency transactions. Secondly, you can enjoy complimentary travel insurance of up to S$1,000,000 when you charge your travel expenses to your Citi PremierMiles card. Lastly, you can also enjoy exclusive discounts on dining, shopping, and entertainment while travelling overseas.
How can I redeem my Citi PremierMiles for international travel?
You can redeem your Citi PremierMiles for international travel by visiting the Citibank website or mobile app. You can use your miles to book flights, hotels, car rentals, and more. With the Citi PremierMiles card, you can also transfer your miles to various airline frequent flyer programmes, giving you more options to redeem your miles for travel.
Is there a special promotion for spending overseas with the Citi PremierMiles card?
Yes, there is a special promotion for spending overseas with the Citi PremierMiles card. From now until 31 January 2024, you can earn up to 4 miles for every S$1 spent on foreign currency transactions while overseas. The promotion has a minimum spend and cap of S$5,000 per month.
What’s the minimum spend required to earn miles on the Citi PremierMiles card overseas?
The minimum spend required to earn miles on the Citi PremierMiles card overseas is S$1. There is no maximum limit on the amount you can earn. However, do take note of the minimum spend and cap for the special promotion mentioned earlier.
Are there any exclusions I should be aware of when earning miles with Citi PremierMiles on foreign transactions?
Yes, there are some exclusions you should be aware of when earning miles with Citi PremierMiles on foreign transactions. Cash advances, balance transfers, and any fees or charges imposed by Citibank are not eligible for miles accrual. Additionally, any transactions made in Singapore Dollars or any other non-foreign currency will not be eligible for miles accrual.
Can you enlighten me on the foreign transaction fee for Citibank PremierMiles in Singapore?
The foreign transaction fee for Citibank PremierMiles in Singapore is 3.25% of the transaction amount. This fee is charged for any foreign currency transactions made overseas or online. However, do note that the fee is waived for transactions made in Singapore Dollars.