Citibank and American Express launched the Citibank PremierMiles American Express credit card in early 2013. Along with the Citibank Air Asia Gold and Platinum travel cards, and the PremierMiles Visa Signature, Citibank are going all-out on the travel credit card market in Malaysia.
Who needs this credit card?
The Citibank PremierMiles American Express is aimed at globetrotters with an income of more than RM60000 pa. Those who travel often for work or love the luxurious holiday experience will benefit the most from this credit card. Annual fee is RM600 for principal holder and free for supplementary cards though Citibank will kindly waive the first year's fees if you use the card at least 3 times in 12 months.
In subsequent years, you can call Citibank to request for a waiver which will be subject to yearly approval. Interest rate is tiered with the lowest band at 8.88% for prompt payments of more than 50% of the last month’s outstanding balance in 12 consecutive months, and the highest at 18%.
The Citibank PremierMiles American Express claim to fame is its air mileage accumulation ratio, which is currently the highest in the market. Every RM2 spent will be rewarded with 1 PremierMile point (which is equivalent to 1 Enrich / Krisflyer / Delta / Asiamile / Royal Orchid point). Points can be redeemed for complimentary flights with over 90 airlines.
While some travel cards award extra points for overseas purchases, the Citibank PremierMiles American Express offers a flat point conversion rate for all purchases regardless of where you spend your money or what you buy. So you'll earn as many points using your card at home as you will abroad.
Another great travel benefit is unlimited use of the Plaza Premium Lounges at KLIA and similar Plaza Premium Lounges at other SE Asian hub airports. And when you finally do get back home form your overseas trip you can enjoy a complimentary limo ride from KLIA back to Klang Valley.
Travel and dining privileges
Citibank’s partnership with American Express ensures that cardholders benefit from a wide selection of dining and travel perks. Cardholders can enjoy up to 20% discount and complimentary bottle of wine or dessert in Malaysia's finest restaurants. Through American Express Selects®, you can enjoy great discounts when you travel, shop and dine.
Cardholders may also choose to redeem their PremierMiles points for cashback on holiday related expenses. The conversion rate is RM18 for every 1000 points and each claim requires a minimum of 5000 points. Do keep in mind though that the ringgit value is not as high as when converting to airmiles. A block of 30000 PremierMiles points can be redeemed for a free return trip to Shanghai, a trip with a notional value of approximately RM1560
As a travel card the Citibank PremierMiles American Express definitely delivers the goods. Its reward points system is versatile for all kinds of lifestyle allowing the cardholder to spend and accumulate points without worrying about rates and categories. The complimentary access to Plaza Premium Lounges and limo chauffeurs are nice perks to have, especially for those who want maximum comfort when on holiday.