What are people's views on the Citibank AMEX Premiermiles card which offers the 60,000 complimentary Enrich miles?

Looks like there's a RM600 annual fee, and you need to spend RM3K within the first 3 months to get 60,000 Enrich miles, seems like a good deal or am I missing something?

https://www.citibank.com.my/premiermiles-amex/index.html

Thanks I read through those, unclear on one thing - the conversion of 30,000 PremierMiles to Enrich miles for the second 30,00 bonus, those need to be additional 30,000 points - rather than converting the 30,000 initially given on sign up?


By my calcuation .:

RM2 spend on Citibank Premiermiles Amex = 1 Enrich Mile
RM2 spend on Maybank2 Amex = 10 Maybank Treatspoints = 1.43 approx Enrich mile (based on 1:7 as per Treatspoints catalogue)

If you need to collect an additional 30K points it doesn't really seem worth it (RM60K spend!) but might still be OK for the initial 30K points

Guess I need to work out the monetary value of Enrich points (savings on flights) to see what makes sense.

Example flight KUL > LHR Return would normally cost RM3884

With full redemption using Enrich miles it costs 51000 miles + RM1910

So 51000 miles have a monetary value of RM1974 / RM0.0387 per mile.

This means the initial miles are worth about RM1161 (RM561, after deducting the RM600 annual fee)

Citibank spend comes to RM2 = RM0.0387 = 1.935%

Under the assumption that RM60K spend is required for additional 30K bonus points , it works out to :
RM60K = return 30000 miles (RM1161 value) + additional 30000 miles bonus (RM1161 value) which combined would give 3.87% return - doesn't seem too bad (if you reach the 60K spend of course, that is)

So I guess it doesn't work out too much of a bad deal (if you'll use the flights that is) but in comparison to Maybank2 cards, after the promotion is over that gives a better return in regards to RM/Enrich points

I'm going to try and apply for this Citibank Promotion, see if I can get accepted or not.

But for building up enrich miles after it seems Maybank2 is the better option (there's a separate thread for this) and Maybank VI even better (but more difficult to get)

I'm going to try and apply for this Citibank Promotion, see if I can get accepted or not.

But for building up enrich miles after it seems Maybank2 is the better option (there's a separate thread for this) and Maybank VI even better (but more difficult to get)

Edit : Not sure why it double posted. I think Citibank card not worth keeping after the first year due to RM600 annual fee - unless you really travel a lot as it includes unlimited access to Plaza Premium lounges in Malaysia + others around Asia.

This post has been edited by rjb123: Sep 26 2013, 11:12 PM

Maybank VI = Visa Infinite, VISA card where you redeem TP 4500 = 1000 Enrich miles, vs. MBB2 which is 7000 TP = 1000 Enrich miles. RM1 spend = 2 x TP local, 5 x TP oversears.

RM600 for the first year I think is worthwhile, but after that it doesn't work out worthwhile (unless you want to use the lounge frequently!)

If you calculate the return based on spend the Citibank Premiermiles comes to around 1.935% back, whereas MBB2 2.76-2.77% (based on redeeming Enrich miles)

Maybank VI would equate to local spend 1.72% (better off using Maybank2 Amex if retailer accepts it) and foreign spend with 5xTP 4.29%

I never use Singapore Airlines so not interesting for me

I can't see the details on the RHB site , how many TP per RM spent does it work out to?

Does anyone here use FD to take Citibank card rather than providing proof of income documents etc? I'm a foreigner and Citibank on the phone told me if I want a CC with FD I should open a Citigold account (ie. deposit 200K ) . Looking to apply for the Amex PremierMiles card

Does a foreigner not build up a CCRIS/CTOS record after a while of holding Malaysian issued cards?

Yeah, being a foreigner is different unfortunately . When I called them they ask me to deposit RM200K to get a Citigold account.

Anyway, I'll try to get into a branch next week and see if I can apply with just a normal FD against the card.

Googled it and came across this (on a SG forum, so maybe Citibank SG have the same promotion?)

This is the thread I came across : http://forums.hardwarezone.com.sg/eat-drin...bs-3950743.html

I don't know much about timeshare - I believe they hard sell you to "buy" a hotel room / holiday villa which you can then use for a certain amount of days per year.

I asked today RE minimum spend for fee waiver on PremierMiles Amex card and the staff didn't know, seems there isn't a set amount? Will try my luck after using the card some time, see if can be waived or not

I asked the staff who was processing my application - she didn't seem to know.

After I have my card I'll ask the call center

Still waiting on my Citibank PremierMiles Amex to be approved after 2 weeks or so.

Don't know what's to approve considering I placed FD against the card, will check back end of next week to see if any progress.

Well I called them the other day and according to them the application for CC was only submitted on 1st November. Actually it was done on the same day as placing the FD (25th Oct, according to the statement they sent me ) and asked me to wait until 14 days working days is up.

Anyway considering the amount of strange questions they asked me when I did the application I'm not surprised there is a delay

Received PremierMiles Amex today.

By the way - how to sign up for online statement etc? The sign up page asks for a PIN and seems to require a savings acc.?

Thanks. Will keep an eye out for that then. Saves me a phone call tomorrow

The day I visited the branch was 25th October. First delivery attempt by Poslaju was on Monday (11 November)

No idea regarding annual fee / GST waiver.

Not too bad - only 1 more swipe, shouldn't be a problem

Used the taxi home promotion on Sunday/Monday. Had a very late arrival (2AM) so there was midnight charge to pay which apparently isn't covered.

Still, RM44 instead of RM137 is not bad really.

Also 15% off all spirits at duty free