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Besides the CitiPremierMiles Card, others like the HSBC TravelOne Card and Standard Chartered’s Journey Credit Card are among the many air miles credit card options you would have seen on MoneySmart’s online credit card comparisonwizard.
Let’s do a quick comparison of these 3 credit cards, focusing on the key factors including the air miles benefits, interest rates, annual fees and minimum annual income requirements.
The Citi PremierMiles Card used to offer the same interest rate and annual fee as the HSBC TravelOne Card and Standard Chartered’s Journey Credit Card, but has revised their interest rate to be slightly higher at 27.90% this year. Although the Citi PremierMiles Card charges the highest interest rates among the three cards, it offers the best miles earn rate with up to 10 miles for every S$1 spent on online hotel bookings, and on top of that, it has the most generous welcome bonus air miles.
As for the annual fees, Standard Chartered’s Journey Credit Card gives you the most flexibility in having the first and second year of annual fee waived. If you’re a Singaporean/PR, the minimum income requirement is the same for all these 3 cards, however, foreigners may find SCB Journey Credit Card’s minimum income requirement a little on the high side. Considering all these factors, the Citi PremierMiles Card seems to be a good entry-level air miles card with a wider range of benefits as compared to the other 2 cards.
Interest rate: 27.90%
Annual fee: $196.20 (incl. 9% GST, waiver upon request for existing cardholders, first-year fee waiver available for new cardholders with a minimum spend of S$800)
Minimum annual income:
Interest rate:26.90%
Annual fee: $196.20 for Year 1 (incl. 9% GST, second year waiver available only upon minimum annual spending of S$25,000)
Minimum annual income:
Interest rate: 26.90
Annual fee: $196.20 (incl. 9% GST, first and second year waiver available)
Minimum annual income:
Here are 3 simple steps to apply for the Citi PremierMiles Card
You may begin your application by clicking on our Citi PremierMiles Card "Apply now" button. When you choose to apply online or through the Citi Mobile® App and via SingPass MyInfo, Citibank will pull your identity and income data from SingPass (which is already verified), thus cutting short the processing time. The approval-in-principle page will appear within minutes of submitting your MyInfo.
You’ll need to provide all the necessary documentation in order for Citibank to approve your personal loan application. This list of documents include:
You’ll be able to activate your Citi PremierMiles Card instantly through the Citi Mobile® App and be invited to enter your 6-digit Unlock Code to secure all your credit card transactions. Thereafter, it’s ready for you to use on any of your purchases and you can track your air miles rewards with your Citi Mobile® App!
Want to read more? Check out our full review of Citi PremierMiles in our blog.