Citi Prestige Offer: 40,000 Miles Sign-up Gift

For a limited time, Citi is offering 40,000 miles (in the form of 100,000 ThankYou points) when you sign up for the Citi Prestige card, pay the compulsory annual fee, and spend S$800 in qualifying transactions. It’s a great deal for a great card, if you can meet the annual income requirements of S$120,000 (Citigold customers can qualify with at least S$30,000 income). The annual fee is significant too, but it’s well worth the price – more on that later.

ActivityReward
Sign up with this link; annual fee of S$535 applies
Make minimum S$800 of qualifying spend within 2 months100,000 ThankYou Points (40,000 miles)
Optional: use PayAll to buy miles at 0.8 cents per mileFree limousine service if quarterly spend reaches S$12,000 (retail spend + PayAll transactions)
Existing Citi cardholders also qualify, unless you already own a Citi Prestige Card, or have cancelled one in the last 12 months. See terms and conditions.

During application, you might encounter an error if you apply as an existing customer. In that case, please make sure to tap the link again and apply as a new Citi card holder.

The usual sign-up reward is just 25,000 miles for paying the card’s annual fee. This offer is hence 15,000 bonus miles with an additional requirement of spending $800, which represents a staggering 18.75 bonus miles per dollar on top of the 1.3 mpd that this card earns. It’s been a while since we have seen a Citi Prestige offer, and with Covid-19 abating I think it’s an excellent time to consider this card.

What do you get for paying the annual fee?

Getting 25,000 miles from the S$535 annual fee works out to essentially buying each mile for 2.14 cents, and that is quite pricey, seeing as how I value miles to be between 1 to 1.5 cents each.

However, the annual fee pays for itself if you use the card’s features, and the headlining feature is really compelling: get your 4th night free when you book a minimum four-night stay at any hotel or resort through Citi Prestige Concierge.

Also, unlike Priority Pass memberships issued with lower tier cards like Citi PremierMiles or DBS Altitude that offers only 2 free lounge visits a year, Citi Prestige offers its cardmembers unlimited lounge visits, and one can even bring a guest for free.

I intend to do a deeper dive into the perks of the card, but my first impression of the card is really quite good. It doesn’t hurt that the card is metal too. Let’s not forget that 40,000 miles is at least $400 to $600 in value anyway, so your annual fee is already taken care of even without using much of the featuers.

PayAll + Limo service

Citi is having a concurrent promotion for Citi PayAll which allows you to buy miles at a really attractive price of 0.8 cents per mile. While this is open to other Citi points and miles cards, Citi Prestige cardholders get earn free limousine rides by using PayAll transactions. Cheap miles plus free limousine rides? Insane value.

Alternate promo

Instead of this offer, you can get Singsaver’s prevailing promotion for Citibank cards, but you will need to be a new-to-bank customer (i.e. no Citi cards at all, and have not cancelled any in the past 12 months).

My take is that if you don’t have an existing Citi card, you should apply for one of the other cards first as a new Citi cardholder, before getting the Citi Prestige card as your second Citi card to enjoy both offers.

Citi Prestige

🔥 👍🏼

Promo 1

(direct from Citi): apply here (sign up as a new Citi cardholder if doing so as an existing cardholder does not work)

New to Citi Prestige (including existing cardholder of other Citi cards)

Get 100,000 ThankYou points (40,000 miles) with payment of annual fee of S$535 and making minimum spend of S$800 within first 2 months. Read promo details (terms and conditions)


Promo 2

(SingSaver): apply here

New to bank*
Choose:

  1. Dyson V8 (worth S$549)
  2. Apple Watch SE (worth S$419)
  3. S$300 S$400 via PayNow!!

Existing customers
$30 via PayNow, no min spend required

Until 24th May 2022
*Minimum spend of S$500 within 30 days of card approval. Terms and conditions apply

Sign-up Process

  1. Optional: fill in contest form for lucky draw
  2. Apply with the link
  3. Important: find SingSaver email and fill in redemption form
  4. Fulfil spend requirements (if applicable) after getting your card

Terms and conditions apply

For new to Citi customers: I encourage you to apply for one of the other Citi Cards (under Promo 2) first before getting Citi Prestige under Promo 1. Read the review here

For existing Citi customers: I encourage you to apply under Promo 1 as the bonus miles is significantly better than Promo 2’s $30. Read promo details here

Conclusion

If you intend to travel in the near-future, I think this card is a great addition for your travel plans. You get a chunk of miles to bolster your flights, and you can make great use of the complimentary hotel nights and lounge visits. With the pandemic situation abating, it’s quite the perfect time to get it.

Keep up to date on the best cashback/mile cards, savings accounts, attractive deals, and more tips to maximise your financial wellbeing by subscribing to my Telegram channel.

Subscribe to the channel, then join the group chat. You would often benefit from the tips exclusively shared in the group chat!

Disclaimer: I may receive an affiliate/referral fee when you sign up for services/products on this site, and such fees keep the site running. I would only recommend services/products I would personally use or recommend to my own friends and family, but I do not provide any warranty or guarantee for the quality of these services/products. Please exercise due diligence when signing up for any service/product as I will not be liable for any personal loss, financial or otherwise. None of the information here constitutes personal financial advice. Thank you for supporting my site!

Leave a Reply

%d bloggers like this: