In a sentence, Citi Prestige is a card that gives you miles, complimentary hotel nights, unlimited lounge access, and limousine service. You do have to pay an annual fee of S$535 (S$540 from 2023 with 8% GST) for these perks, but the deal is a lot more attractive with a 48,000 miles sign-up offer.
I previously wrote about whether the promo was worth it a few months ago when the promo was 40,000 miles (spoiler alert: yes), and the deal has since been upped to 48,000 miles. If you’re signing up, you should get it before the GST increases come January 2023.
New or existing Citi Cardholders
Apply here with code
C04233289T (if you get an error message signing up as an existing cardholder, try again as a new Citi cardholder)
Get 120,000 ThankYou points (48,000 miles) with payment of annual fee of S$540 and making minimum spend of S$800 within first 2 months.
Until 31st March 2023
⚠️ For new to Citi customers: I encourage you to apply for one of the other Citi Cards first before getting Citi Prestige. This way you enjoy both promos.
Quick TL;DR summary:
- paying annual fee is like buying miles at 1.11 cents each (fair value) with sign-up bonus
- get free limo rides if you hit S$12,000 of spend
- PayAll works, so you can just use this to pay all your bills and no retail spend is required
- concurrent PayAll promo lets you buy more miles at 1.11 cents each
- 4th night hotel stay free
- unlimited lounge access + 1 guest
- works for existing Citi cardholders too; new cardholders should get another Citi card first to stack both promos
- don’t apply don’t know; bank may give leeway for not hitting the S$120,000 income requirement
In my opinion, the most fuss-free way to optimise this promo:
|Optional: apply for a Citi card as new cardholder first||Get New to Citi cardholder promo|
|Sign up, and spend S$800 via Citi PayAll||Get 120,000 points (48,000 miles) sign-up offer + 1,440 miles from Citi PayAll promo|
|Spend a further $11,200 via Citi PayAll||Get 20,160 miles from Citi PayAll promo, and free limo ride to/from airport|
|Total cost: S$775|
(S$535 annual fee + S$240 PayAll fee)
|– 69,600 miles (1.11 cents each)|
– Limo rides
– Get other perks from Citi Prestige
|Tap here to fill in this form||To track promo fulfilment|
Buy miles at 1.11 cents each, and get free limousine transfer
Just from a miles-buying angle, the value proposition is already quite compelling: S$535 for 48,000 miles is akin to buying each mile at 1.11 cents. There is a minimum spend of S$800, but that is very easy to meet because PayAll transactions count towards the minimum spend.
This means you don’t even need retail spend, and can use this to pay all sorts of things and bills. There’s a variety of items you can pay with PayAll and you can add anyone as a payee as long as you know their bank account and details. Just in time too, because there is a current PayAll promo that lets you buy miles at the same 1.11 cent cost.
That’s a pretty fair price to pay for miles, and if this were the sole feature of the card, it’d be enough to satisfy many people. Once you hit S$12,000 of spend (PayAll transactions count towards this amount), however, you also get complimentary limo transfers to the airport which is icing on cake.
Complimentary 4th night stay
The deal is a lot sweeter when you consider the other perks of the card, and the headlining feature of the Citi Prestige card is getting the the last night of your hotel stay paid for when you book at least 4 nights. I’m having at least 3 trips in the near future and will be using this to great effect.
The discount given isn’t exactly 25% off as one may think (see this article for calculation), but even using the perk once or twice represents pretty good savings that add up to defray the annual fee. A pricey enough hotel can offset most if not all of the S$535 fee.
Unlimited lounge access with guest
Citi Prestige also comes with a Priority Pass membership that gives unlimited lounge access not just for you, but also allows you to bring along a guest each time. It’s extremely useful when you’re travelling with a companion who
is too lazy doesn’t have their own lounge membership, and even if you rely on free cards that give you lounge access, it might not be sufficient for more than a trip a year.
I already used 4 visits for my recent Da Nang trip, and will use it at least 8 to 12 times for the next 3 trips I’ve scheduled. Now that is value.
GST is increasing
You should sign up sooner rather than later. GST is increasing to 8%, which means that the card’s annual fee will go up ever so slightly. Signing up in December rather than January also means that you can renew your card in December 2023 at 8% GST rather than January 2024 at 9% GST.
2023 update: Well it is now 2023, but the same thing applies for 2024; GST is going up to 9%.
Things you spend on with the card to meet your minimum spend will also go up, so there’s that.
Just taking this as a mile-buying opportunity is good enough, but the card even gets you free limo rides to and fro the airport if you hit at least S$12,000 of spend. The overall deal gets way better with each additional perk that you use.
The only crimp might be the annual income requirement of S$120,000 but anything above the MAS-mandated S$30,000 annual income requirement is entirely set by the bank. This means they can be very flexible when they want to, and I’ve heard of people being approved for not hitting the income requirement. Basically: don’t try don’t know.
Keep up to date on the best cashback/mile cards, financial products, 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!