Excellent Deal: Get 177,500 Points (71,000 Miles) With Citi Prestige

Until 31st October 2023, Citi Prestige is having an upsized sign-up deal of 177,500 points! That is a whopping 71,000 miles, up from the previous 48,000 miles promo.

This promo works for those who are existing Citi credit cardholders! Citi Prestige requires an annual income of S$120,000 and the annual fee of S$540 is compulsory, but there are compelling reasons to get this card.

Promo details

The 177,500 points are made up of three parts:

Welcome Gift (payment of S$540 annual fee)	62,500 points (25,000 miles)
S$1,000 spend in local currency within qualifying period¹	57,500 points (23,000 miles)
S$1,000 spend in foreign currency within qualifying period¹	57,500 points (23,000 miles)
Total	177,500 points (71,000 miles)

Aside from the annual fee which is compulsory, the other two spend requirements are optional. You can do both of them – which I highly recommend – or just one or even none of them. Given how good the sign-up offer is, however, I would recommend accomplishing both spend tasks.

New to Citi? Sign up for another Citi card first

Because the promo works for existing Citi cardholders, the best way to maximise your rewards is to sign up for another Citi credit card first, then the Citi Prestige so that you enjoy both promos.

💳 A new Citi cardholder refers to those who do not currently have a principal Citi credit card, and have not cancelled any in the past 12 months. Please read terms and conditions while applying.

Is the annual fee worth it? Short answer: yes

Based on my calculation, I found the card benefits valuable enough I paid to renew the card even without additional bonuses a new Citi Prestige cardholder would get.

So if you asked me whether the annual fee is worth paying for this card, my short answer is yes. The long answer would be to read this article behind my calculation and though process when my card was up for renewal.

Local spend bonus

As a new Citi Prestige cardholder, you definitely want to accomplish at least the local spend requirement for extra 23,000 miles because it can be easily completed with Citi PayAll. Citi PayAll makes it easy for you to “spend” without actually spending since you are making payments to bills like income tax and insurance, and you get to earn miles along the way.

There is a concurrent Citi PayAll promo ending soon, and I suspect it wouldn’t be the last.

On top of the 23,000 miles, you also get the base earn rate of 1.3 miles per dollar. On a S$1,000 spend, that is 1,300 miles.

Foreign spend bonus

If you have travel plans, the foreign currency spend requirement is also worth completing. By completing S$1,000 spend in foreign currency, you get another 23,000 bonus miles. You also get the card’s 2 miles per dollar earn rate on foreign currency transaction. On the S$1,000 spend, you get 2,000 miles from the standard earn rate.

If you’re wondering whether this is a good deal compared to other travel cards, you don’t have to perform complicated Math to reach this answer. Take 25,000 miles divided by S$1,000 and you’d find you are essentially getting a 25 miles per dollar earn rate on your foreign spend.

Importantly, note that you must use your Citi Prestige card directly at overseas merchants instead of pairing the card Instarem Amaze since the wallet app will convert foreign spending into local transactions.

Conclusion

Citi Prestige has been a great addition to my library of credit cards, and I crowned it my best miles card last year. Earlier this year, I also renewed the card paying the annual fee even though there’s no sign-up bonus to sweeten the deal.

With a sign-up bonus, it is even more a no-brainer card to get. The fact that the sign-up promo is upsized does make me feel a little jealous, but I’ve been using this card so much over the year I’ve had it, I’m not that bothered. In fact, I’m off to book more hotels for a couple of my upcoming trips, so stay subscribed if you want to follow my adventures.

More promos

You can see more promos below. In particular, OCBC is having a fantastic deal until 31st August 2023. StanChart and Citi card deals have also been extended until 31st August 2023.

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