To me, Citibank Premiermiles is almost equivalent to DBS Altitude card since the accrual rate is around the same for local and overseas spending. The only difference is that DBS altitude has been more aggressive with their promotions over the year, giving 3 miles per $ for online hotel and flight booking (capped at $5000/month). Also, they have been giving double miles for spending above $2500-$5000, meaning you get up to 6 miles per $1 for that online flight booking!
Finally, Citibank Premiermiles has rolled out a promotion to entice people to switch over. Personally, I would prefer Citibank since you earn miles per $1 spent (as compared to $5 for DBS Altitude). In addition, they have more partners where you can transfer your miles to such as British Airways, EVA, Hilton, Thai Airways etc.
Let’s start with the simpler promotion first.
- Earn 10000 miles with $3000 spent
Well, you have 2 months (till end Aug 2017) to spend $3000 locally or overseas in order to qualify for this promotion. Assuming local spending of $3000, you get 3600 miles (1.2miles per $1). To get the bonus 6400 miles, you need to pay an administrative fee of $58, so that makes it $3058 for 10000 miles, which is equivalent to 3.27 mpd (miles per $), which is pretty good for local spend!
2. Earn 42000 miles with $9000 spent
This is where the $ is. If you can spend $9000 over these 2 months, then you will get 31200 bonus miles if you pay an administrative fee of $238, which makes it $9238 for 42000 miles, 4.54 miles per $! There isn’t any other cards locally that can give you that kind of mileage.
The first thing you need to do is to sign up for this promotion via SMS:
|Where XXXX is the last 4 digits of your main Citi PremierMiles Visa Card|
Secondly, you need to see if you are eligible for this promotion:
“Eligible Cardmember” refers to an individual who:
i. Currently holds an Eligible Card as a main cardholder; and
ii. has held the Eligible Card as a main cardholder for more than 6 months prior to the commencement of the Promotion Period; and
iii. receives an invitation directly from Citibank via an SMS, eDM and/or other official Citi communications for participation in this Promotion.
The full Terms and Conditions are available here.
If you do not have this card yet, or have it for less than 6 months or did not receive an invitation from Citibank, then there may be an issue. Best if you can contact the bank directly for clarification first!