In response to my query on the conditions for renewal of the Global Priority Pass (GPP) membership for Citibank PremierMiles, attached is a screenshot of the reply from Citibank Malaysia.



As per Citibank's reply, an active PM credit card will be based on if:
i. Customer spends actively at least once a month; and
ii. Customer renews the PM card with annual membership fee paid.

Does that mean the GPP membership will not be renewed if we manage to obtain a waiver for the PM card annual fee of RM600?

Exactly. Who in his/her right mind would fork out RM600 for the sake of 2 free Priority Pass Lounge entries? Correct me if my interpretation is wrong, anyone?

This post has been edited by Explorer II: Nov 14 2012, 05:39 PM

I believe the BNM ruling and the RM36k income threshold are basically to determine whether your income falls below or exceeds the threshold, and if it falls below the RM36k threshold, you'll be governed by the said ruling.

Beyond the annual income of RM36k, the banks still have the discretion to grant you any card type and any limit they are comfortable with based on the banks' own credit assessment of your financials.

This post has been edited by Explorer II: Dec 10 2012, 05:31 PM

+1

Either that is a naive and prejudicial remark, or you are just stating your personal preference.

The returns from a cash back card are not necessarily better than a reward points based card.

What is side benefit to you though, maybe be the main factor for another person in selecting that particular card.

It's a newly launched card, so I guess nobody knows for sure. But as there is a provision for waiver, I suppose it would not be waived as easily unless you fulfill the requirement for waiver, ie, for every RM15,000 you spend annually, the fee for 1 rewards category will be waived the following year. For example, if you spend RM15,000 per annum, you get to enjoy waiver of RM100 for 1 rewards category for the following year. Spend RM30,000 and you'll get waiver for 2 categories, ie, RM200.

In any case, you get to enjoy 2 rewards categories for free in the first year based on the current promotion.

For subsequent years, you may cancel all your rewards category subscriptions, ie, subscribing to none of the categories. But I suppose by doing so, it would defeat the purpose of holding this card.

This post has been edited by Explorer II: Jan 21 2013, 11:32 AM

Anyone has the details of income requirement and annual fee on this new card? This would be the 5th card in Malaysia offering unlimited Priority Pass Lounge access.

https://www.citibank.com.my/prestige/home_logged_off.html

@WhitE LighteR
Yea. Same design as the Citi Prestige in US.

@MilesAndMore
Thanks. Just found out that the annual fee is RM1,000.

Newly approved new-to-bank Citi Prestige cardholders paying the annual fee of RM1,000 and making a minimum retail transaction of RM3,000 within 3 months will get 180,000 Citi Rewards points. For current promotion exclusively, the points can be used to redeem 1 unit of Nikon 1 J2 camera with double zoom lens kit worth RM2,718, but limited to the first 1,000 redemptions or while stocks last.

This post has been edited by Explorer II: Mar 7 2013, 12:31 PM

Yes, it's the first World Elite MasterCard that I know of in Malaysia. The World Elite category is not even on the MasterCard Asia Pacific website.

The card is not marked World/Infinite/Signature but the MasterCard logo is in silver colour, ie, World Elite MasterCard.


This post has been edited by Explorer II: Mar 13 2013, 10:32 AM

I see. Didn't realise that. Thanks for pointing out.

@MilesAndMore
Just recalled that the AmBank World MasterCard has the silver MasterCard logo too.

@rathian_mhfu
Yes, the World Elite MasterCard is ranked higher than World MasterCard. You can see the description at this URL: http://www.mastercard.us/credit-card-world-elite.html

Cool! Congrats!

And furthermore, "The Camera is limited to the first 1,000 redemptions or while stocks last".

Should be RM3,000 within 3 months of approval. Extract of the terms and conditions:

4. Subject to these terms and conditions, an Applicant whose application is received before the expiry of the Promotion Period and is successfully approved by Citibank will receive 180,000 Citi Rewards points ("Sign On Welcome Points") provided that within 3 months after such approval date ("Qualifying Period"), the Applicant must:

a. pay the annual membership fee of RM1000; and
b. make a minimum retail transaction of RM3,000 with the successfully approved Citi Prestige Card.

11. e. The Camera is limited to the first 1,000 redemptions or while stocks last.


This post has been edited by Explorer II: Apr 2 2013, 05:23 PM

Just submitted my letter requesting for cancellation of my Citi PM last week.

Not too happy with the service. Been a Citi cardholder for 6 years with not a single late payment. Requested for the new design PM card with card replacement fee waiver. Request rejected.

@AaIto
Yea. Guess that's possible.

@Gen-X
Haha.. Guess I just have a soft spot for the aircraft icon, like the ones on this Citibank PM and the Maybank WMC.

Let's hope ronnie does

Mine's terminated too last month.

As per Citibank Malaysia's Facebook post today:

Dear Citibank Clear Cardmembers, starting 22 July 2013, movie tickets will only be limited to 1 purchase per day for the 1-FOR-1 Friday at Cathay, TGV and GSC outlets.