If you are looking to apply for the Citibank PremierMiles credit card in Singapore, one of the key factors to consider is the minimum income requirement. This requirement varies depending on whether you are a Singaporean/PR or a foreigner, but it is an important consideration to ensure that you are eligible for the card.
For Singaporeans/PRs, the minimum income requirement for the Citibank PremierMiles card is S$30,000 per year. Meanwhile, for foreigners, the minimum income requirement is slightly higher at S$42,000 per year. It is important to note that this is just one of the eligibility requirements for the card, and there may be other factors to consider as well.
The Citibank PremierMiles card is a popular choice for those who love to travel, as it offers a range of benefits and rewards that can help you save money on your trips. From earning air miles on your purchases to enjoying discounts on travel-related expenses, there are many ways to make the most of this card. Keep reading to learn more about the key features and benefits of the Citibank PremierMiles card, as well as how to apply and use it to your advantage.
Key Takeaways
- The minimum income requirement for the Citibank PremierMiles card in Singapore is S$30,000 per year for Singaporeans/PRs and S$42,000 per year for foreigners.
- The Citibank PremierMiles card is a popular choice for travellers, offering a range of benefits and rewards to help you save money on your trips.
- To make the most of the Citibank PremierMiles card, it’s important to understand its key features and benefits, as well as how to use it for maximum benefits and rewards.
Eligibility and Income Requirements
If you’re looking to apply for the Citibank PremierMiles Card, there are a few eligibility criteria that you need to meet. Here’s what you need to know:
Age and Income Criteria
To be eligible for the Citibank PremierMiles Card, you must be at least 21 years old. Additionally, you must meet the minimum income requirements, which vary depending on whether you’re a Singaporean/PR or a foreigner.
Annual Income Requirement
If you’re a Singaporean/PR, you need to have a minimum annual income of S$30,000 to be eligible for the Citibank PremierMiles Card. On the other hand, if you’re a foreigner, you need to have a minimum annual income of S$42,000.
It’s important to note that these are just the minimum income requirements. Depending on your credit score and other factors, you may need to have a higher income to be approved for the card.
When it comes to income, it’s always a good idea to be honest and accurate. If you don’t meet the minimum income requirements, it’s unlikely that your application will be approved. However, if you do meet the requirements and have a good credit score, you may be eligible for additional perks and benefits.
Overall, if you’re looking for a travel credit card that offers a range of benefits and rewards, the Citibank PremierMiles Card is definitely worth considering. Just make sure you meet the eligibility criteria and have a good understanding of the card’s features and benefits before you apply.
Key Features and Benefits
If you’re looking for a credit card that helps you earn miles while travelling, the Citi PremierMiles card is an excellent choice. Here are some of the key features and benefits that you can enjoy with this card:
Citi Miles Earning Potential
The Citi PremierMiles card lets you earn miles for every dollar you spend, both locally and overseas. You’ll earn 1.2 miles per $1 spent locally and 2 miles per $1 spent overseas. This means that the more you spend, the more miles you’ll earn. You can redeem your miles for a range of rewards, including flights, hotel stays, and more.
Travel Perks
If you’re a frequent traveller, you’ll love the travel perks that come with the Citi PremierMiles card. You’ll get complimentary travel insurance coverage of up to $1 million when you charge your travel expenses to your card. This coverage includes medical expenses, trip cancellation, and more. You’ll also get airport lounge access through Priority Pass, with up to two complimentary visits per year.
Additional Card Benefits
In addition to the travel perks, the Citi PremierMiles card comes with a range of other benefits. You’ll get access to Citi’s membership rewards programme, which lets you earn points on your purchases that can be redeemed for a range of rewards. You’ll also enjoy a range of dining, shopping, and lifestyle privileges, including discounts at select merchants and restaurants.
Overall, the Citi PremierMiles card is an excellent choice for anyone who wants to earn miles while travelling. With its generous earn rates, frequent flyer programme partnerships, and travel perks, this card is a great way to earn rewards while enjoying your travels.
Fees and Charges
If you are considering getting a Citibank PremierMiles Card, it is important to understand the fees and charges associated with it. Here are the details you need to know:
Annual Fee and Waivers
The annual fee for the Citibank PremierMiles Card is S$196.20, which is inclusive of 9% GST. However, there are several options for fee waivers:
- 1 year annual fee waiver for basic and all supplementary cards for Citi Rewards Card and Citi PremierMiles Card
- 1 year annual fee waiver for basic and perpetual fee waiver for all supplementary cards for Citi Prestige Card
- Strictly no Fee Waiver for Citi Cash Back Platinum
It is important to note that the fee waiver is subject to the bank’s terms and conditions.
Foreign Transaction Fees
When you use your Citibank PremierMiles Card for foreign currency transactions, a foreign currency transaction fee of 3.25% of the transaction amount will be charged. This fee is applicable for transactions made in a foreign currency, regardless of whether the transaction is made overseas or in Singapore.
Other Applicable Fees
In addition to the annual fee and foreign transaction fee, there are other fees and charges that may be applicable to your Citibank PremierMiles Card:
- Service fee of S$10.90 (inclusive of 9% GST) is charged (on a per account basis) for each payment made to your Citi credit card account(s) over the counter at Citibank branches.
- Late Payment Charge of S$100 will be levied if the Minimum Payment Due is not received on or before the Payment Due date.
- Minimum Payment Amount is 1% of the statement balance plus any amount in excess of the credit limit, or S$50, whichever is greater.
- Overlimit Fee of S$40 will be charged if the outstanding balance exceeds the credit limit.
It is important to pay your credit card bills on time and in full to avoid any unnecessary fees and charges.
Overall, the Citibank PremierMiles Card offers a range of benefits for frequent travellers, but it is important to understand the fees and charges associated with it to make an informed decision.
Using Your Card for Maximum Benefits
As a Citi PremierMiles cardholder, you have access to a range of benefits that can help you maximise your rewards and savings. Here are some tips on how to use your card for maximum benefits:
Optimising Local and Overseas Spend
The Citi PremierMiles card offers a generous rewards rate on both local and overseas spend. You can earn up to 1.2 miles per $1 spent locally and up to 2 miles per $1 spent overseas. To maximise your rewards, consider using your card for all your day-to-day expenses, such as groceries, dining, and entertainment. If you travel frequently, you can also use your card to book flights and hotels to earn even more miles.
Strategic Bill Payments
You can also use your Citi PremierMiles card to pay your bills and earn more rewards. Consider using Citi PayAll to pay your rent, school fees, and condo management fees. You can earn up to 1.2 miles per $1 spent on eligible bills. You can also use your card to pay for your taxes, insurance premiums, and other bills to earn more miles.
Leveraging Promotions
Citi offers a range of promotions that can help you earn more rewards and save money. For example, you can earn up to 10 miles per $1 spent on selected online hotel bookings with Agoda and Kaligo. You can also enjoy discounts and cash rebates on dining, shopping, and entertainment. Keep an eye out for these promotions and take advantage of them to maximise your rewards.
Overall, the Citi PremierMiles card is a great option for anyone looking to earn miles and save money on their day-to-day expenses. With a generous rewards rate, welcome offer, and airport lounge visits, this card is a great choice for frequent travellers. Just be sure to keep an eye on your credit limit and spend within your means to avoid overspending and accumulating debt.
Understanding Rewards and Redemption
As a frequent flyer, you know that earning miles is one of the best ways to save money on travel. With the Citi PremierMiles Visa Card, you can earn Citi Miles with every dollar you spend. These miles can be redeemed for flights, hotel stays, and other travel-related expenses. In this section, we’ll take a closer look at how you can accumulate and use your Citi Miles, as well as the transfer partners and conversion rates.
Miles Accumulation and Usage
With the Citi PremierMiles Visa Card, you can earn 1.2 Citi Miles for every $1 spent locally, and 2 Citi Miles for every $1 spent overseas. These miles can be accumulated and used to offset the cost of flights, hotels, and other travel-related expenses. Additionally, you can use your Citi Miles to redeem for merchandise, vouchers, and other rewards.
Transfer Partners and Conversion
Citi Miles can be transferred to a variety of frequent flyer programs, including KrisFlyer, Asia Miles, and British Airways Executive Club. The conversion rate varies depending on the program, but generally, you can expect to receive 1 frequent flyer mile for every 1 Citi Mile transferred. Keep in mind that there is a minimum transfer amount of 10,000 Citi Miles, and transfers must be made in increments of 10,000.
When compared to its competitors, such as the DBS Altitude Card, the Citi PremierMiles Visa Card offers a wide range of transfer partners and conversion rates. Additionally, Citi Miles don’t expire, so you can accumulate them over time and redeem them when it’s convenient for you.
Conclusion
In conclusion, the Citi PremierMiles Visa Card is an excellent choice for frequent flyers who want to earn miles and redeem them for travel-related expenses. With a competitive earning rate and a wide range of transfer partners, you can accumulate Citi Miles quickly and use them to offset the cost of your next trip. So, if you’re looking for a card that offers great rewards and redemption options, the Citi PremierMiles Visa Card is definitely worth considering.
Frequently Asked Questions
What’s the minimum annual income required to apply for a Citibank PremierMiles card?
To be eligible for a Citibank PremierMiles card, you need to have a minimum annual income of £30,000 if you are a Singaporean or Permanent Resident. If you are a foreigner, the minimum annual income required is £42,000.
How can one qualify for the Citibank PremierMiles card in Singapore?
To apply for a Citibank PremierMiles card, you need to be at least 21 years old and meet the minimum income requirements. You can apply for the card online or visit a Citibank branch in Singapore to submit your application.
What are the exclusive benefits of holding a Citibank PremierMiles card?
As a Citibank PremierMiles cardholder, you can earn miles on your everyday spending and redeem them for flights, hotel stays, and other travel-related expenses. You can also enjoy exclusive travel privileges such as complimentary travel insurance, airport lounge access, and discounts on car rentals.
How does one redeem miles earned through the Citibank PremierMiles programme?
You can redeem your miles earned through the Citibank PremierMiles programme by visiting the Citibank website or mobile app. You can use your miles to book flights, hotels, or other travel-related expenses. You can also transfer your miles to other airline loyalty programmes.
Is there an annual fee for the Citibank PremierMiles card and can it be waived?
Yes, there is an annual fee of £196.20 for the Citibank PremierMiles card. However, the fee can be waived if you spend a minimum amount on your card each year. You can contact Citibank customer service to find out more about the spending requirement to waive the annual fee.
What sort of lounge access privileges come with the Citibank PremierMiles card?
As a Citibank PremierMiles cardholder, you can enjoy complimentary access to over 1,000 airport lounges worldwide with the Priority Pass membership that comes with the card. You can also enjoy access to select airport lounges in Singapore with the Citibank PremierMiles card.