Citi PremierMiles Card: The Best Miles Card for You?

Citi PremierMiles Card: The Best Miles Card for You?

Rapidly Earn Miles with Flexible, No-Fee Redemption

Good for

  • Travellers seeking rapid miles on online & overseas spend
  • Those looking to avoid conversion fees
  • People who want generous lounge access without prerequisite spend

Bad for

  • Lower spenders seeking a maintenance-free card
  • People who tend to stay in Hong Kong
  • Those who rarely shop online

Editor's Rating

4.5/5.0

Citi PremierMiles Card is ideal for frequent travellers looking to quickly earn miles without paying conversion fees. Cardholders earn 0.250 miles per HK$1 spend online and overseas, boosted to 0.333 miles with HK$20k spend per month. All other transactions earn 0.125 miles per HK$1 spend. Airmiles can easily be redeemed with 12 frequent flyer programmes with no service fee, and consumers also enjoy free travel insurance and up to 12 free airport lounge visits per year. Overall, consumers who want to rapidly earn airmiles without redemption fees should definitely consider Citi PremierMiles Card.

ProsCons
  • Up to 0.333 miles on online & overseas spend
  • Up to 12 free lounge visits/yr
  • Free miles redemption w/ 12 programmes
  • High HK$240k min. income requirement
  • Few regional travel perks
  • Rates, perks & waiver have min. spend reqs
Promotions:
  • Receive 9k miles w/ HK$10k spend in 1st 2mo, OR:
  • Tea set for 2 at Mandarin Oriental w/ HK$10k min spend in 1st 2mo, OR:
  • HK$800 Wellcome Coupon w/ HK$10k min spend in 1st 2mo
Card Overview
Pros:
  • Up to 0.333 miles on online & overseas spend
  • Up to 12 free lounge visits/yr
  • Free miles redemption w/ 12 frequent flyer programmes
  • Promotions: Receive 9k miles w/ HK$10k spend in 1st 2mo, OR:
  • Tea set for 2 at Mandarin Oriental w/ HK$10k min spend in 1st 2mo, OR:
  • HK$800 Wellcome Coupon w/ HK$10k min spend in 1st 2mo
Cons:
  • High HK$240k min. income requirement
  • Few regional travel perks
  • Rates, perks & waiver have min. spend reqs

What Makes Citi PremierMiles Card Stand Out

Citi PremierMiles Card is ideal for travellers looking to rapidly earn airmiles and redeem them with a wide array of partners without fees. Cardholders earn 0.250 miles per HK$1 spend online and overseas, boosted to 0.333 miles with HK$20k monthly spend. Additionally, consumers earn 0.125 miles per HK$1 general retail spend. While rewards are technically earned in points (which never expire) they can be converted to airmiles without fees. Other miles cards often require consumers to pay a fee of at least HK$100 for every conversion.

In addition to free travel insurance, cardholders can also enjoy complimentary lounge visits for themselves and their guests, as long as the cardholder spends at least HK$5k per person in the following month. Cardholders can enjoy up to 12 visits per year, though guest visits count towards this total. This is much more generous than many competitor cards' lounge visit offers, which have stricter requirements and lower caps on the number of visits. There are some cards which offer unlimited lounge visits per year, however they have very high minimum income requirements.

Comparison of Free Lounge Visits Per Year Across Select Travel Cards

Credit CardMin. Inc.Visits/yrSpend/VisitNotes
Citi Prestige CardHK$600kUnlimitedN/AFree lounge visit w/ every flight
Citi PremierMiles CardHK$240k12HK$5k
  • Spend/visit must be
  • accumulated in next mo.
Amex Cathay Pacific EliteHK$300k10N/AVisits available regardless of airline
CCB HKA Fly AwayHK$150k5N/A
  • Visits only available
  • before HKA flights from HKIA
  • Dah Sing United
  • MileagePlus World
HK$150k4HK$40k
  • 1 visit/qtr, spend must be
  • accumulated over prev. qtr.
  • CNCBI Air China
  • DC Diamond
HK$150k3HK$12k
  • Spend must be accumulated
  • across 2 mo. before visit

Consumers should note that Citi PremierMiles Card has a minimum income requirement of HK$240k, however, which makes it only accessible to higher earners. While there are more accessible miles cards on the market, they often only earn rewards with specific airlines or charge conversion fees to redeem rewards. Although Citi PremierMiles Card has an annual fee of HK$1.8k, it's waived with HK$100k annual spend. This averages out to just HK$8,333 spend per month, which is quite reasonable for the average consumer.

Overall consumers looking for accessible and affordable lounge access and fee waivers can definitely benefit from Citi PremierMiles Card's structure. Taking this into account, Citi PremierMiles Card is one of the best options for straightforward travellers looking to rapidly earn airmiles without paying conversion fees.

How Does Citi PremierMiles Card's Rewards Program Work?

Use our quick guide below to learn how you can redeem your credit card rewards.

  • Points earned on Citi PremierMiles Card never expire
  • Reward points can be redeemed for Miles/Hotels points of with loyalty program affiliates for free
  • A minimum of 1500 Miles/Hotels points must be redeemed per use

Citi PremierMiles Card's Features and Benefits:

Card Overview
  • Annual Fee: HKD 1,800
  • Income Requirement: HKD 240,000
Rewards Rate Details
  • 0.333 miles (4 pts) per HK$1 overseas & online w/ HK$20k spend/mo
  • 0.250 miles (3 pts) per HK$1 overseas & online if spend is below HK$20k/mo
  • 0.125 miles (1.5 pts) per HK$1 local spend
Benefits & Perks
  • 1 free lounge visit per HK$5k spend, per person, in subsequent mo (up to 12 visits/yr)
  • No miles conversion fees
  • Free travel insurance
  • Purchase Protection up to US$7.6k
Promotions:
  • Receive 9k miles w/ HK$10k spend in 1st 2mo, OR:
  • Tea set for 2 at Mandarin Oriental w/ HK$10k min spend in 1st 2mo, OR:
  • HK$800 Wellcome Coupon w/ HK$10k min spend in 1st 2mo

Citi PremierMiles Card's Rewards Exclusions

The following credit card expenditures are ineligible for rewards.

Cash advances; fees and charges; withdrawal amount under the Balance Transfer Program; Cash Conversion Program and Citi Credit Card "Quick Cash" Installment Program; “FlexiBill” Installment Program and “PayLite” Installment Program; payment to the Inland Revenue Department; online bill payment; dynamic currency conversion transactions; or unposted /canceled /refunded transactions
Casino transactions
NOTE: Overseas and online foreign currency transactions are defined as transactions settled in currencies except Hong Kong dollar, Renminbi or Macau Patacas

How does Citi PremierMiles Card Compare To Other Cards?

Read our comparisons of Citi PremierMiles Card with other cards and learn what makes each card unique in their own way. We compare and contrast each card to highlight its uniqueness to help you identify the card that you need.

Graph showing some of Hong Kong's best miles cards in terms of value-to-consumer after two years, based on an average monthly spend of HK$12,000
Citi PremierMiles Card v. Standard Chartered Asia Miles Mastercard
  • Annual Fee: HKD 2,000 (waiver available)
  • Stand-Out: Up to 1.25 mi/HK$1 on dining + miles for banking w/ SC
  • Read Our Full Review
Standard Chartered Asia Miles Mastercard is ideal for foodies who want to rapidly earn airmiles while dining out. Cardholders earn 0.750 mile per HK$1 spend with select restaurants, boosted to 1.250 miles on Mondays. Other dining, overseas & online spend earns 0.250 miles, and general spend earns 0.167 miles. Since dining is a major portion of most consumers' spend, the higher rates in this area–and on all other general spend–mean that consumers could potentially earn more miles if they frequently eat out and spend locally.


Standard Chartered Asia Miles Mastercard is also more accessible, requiring an annual income of just HK$96,000. However, its HK$2,000 annual fee is only waived for select SC account holders, making it better suited to SC loyalists. Ultimately, Standard Chartered Asia Miles Mastercard may allow consumers who frequently dine out to earn more air miles, while still remaining quite accessible.

Citi PremierMiles Card v. DBS Black World Mastercard
  • Annual Fee: HKD 2,000
  • Stand-Out: 45% discount on flights when redeeming miles through iGO
  • Read Our Full Review
Like Citi PremierMiles Card, DBS Black World Mastercard offers convenient no-fee miles redemption–though it also offers special discounts on flights. To start, cardholders earn 0.250 miles per HK$1 spend overseas and 0.167 miles on local retail spend. Unlike Citi PremierMiles Card, overseas miles rates receive no boost by the cardholder reaching a HK$20k spend per month, although the base rate is higher at 0.167 miles per HK$1 spend.


DBS Black World Mastercard especially differentiates itself from Citi PremierMiles Card by offering 45% discounts on flights when redeeming miles through DBS's iGO platform, allowing consumers to stretch their rewards even further. Overall, DBS Black World Mastercard may be a better fit for primarily local spenders who prefer discounts on select flights to free lounge access.

Citi PremierMiles Card v. American Express Cathay Pacific Elite Credit Card
  • Annual Fee: HKD 1,800 (waiver available)
  • Stand-Out: 10 free lounge visits + 0.333 miles/HK$1 w/ Cathay Pacific
  • Read Our Full Review
Cathay Pacific loyalists who want generous lounge access with no spend requirements should definitely consider American Express Cathay Pacific Elite Credit Card. Cardholders earn 0.333 miles per HK$1 spend on Cathay Pacific flight bookings, 0.250 miles on foreign currency spend, and 0.167 miles on local retail. Consumers can also enjoy 10 free lounge visits/year, regardless of their monthly spend. Although Citi PremierMiles Card offers 2 more free visits per year, consumers must meet a HK$5k spend requirement in the month following each visit.


Consumers should also note that Amex Cathay Pacific Elite is less accessible than Citi PremierMiles Card since it has a higher minimum income requirement of HK$300k, and its annual fee of HK$1.8k is only waived with HK$150k spend. Nonetheless, American Express Cathay Pacific Elite is ideal for frequent Cathay Pacific flyers who want to relax in luxury without having to meet a spend requirement.

Citi PremierMiles Card v. CCB eye Platinum Card
  • Annual Fee: Free
  • Stand-Out: Up to 0.469 miles for online & mobile spend, no annual fee
  • Read Our Full Review
While Citi PremierMiles Card does offer impressive miles rates for online and overseas spending, CCB eye Platinum Card's rates on mobile and online spend are truly outstanding. Cardholders earn 0.333 miles per HK$1 spend online or using mobile pay, boosted to 0.469 miles for contactless transactions overseas. Rewards are capped at 20k miles per year, however, and consumers must pay a HK$100 service charge per redemption. It's also worth mentioning that regular local and overseas spend earn just 0.067 miles and 0.201 miles per HK$1, respectively, which aren't especially competitive.


Still, CCB eye Platinum has no annual fee–meaning consumer's don't need to worry about meeting a minimum spend requirement to achieve a waiver–and its minimum income requirement is just HK$150k, lower than Citi PremierMiles Card's by almost HK$100k. Overall, CCB eye Platinum may be a better option for modern consumers looking for an accessible, affordable card that rewards everyday contactless payments.

Citi PremierMiles Card v. SC Asia Miles
  • Annual Fee: HKD 2,000 (waiver available)
  • Stand-Out: Up to 1.25 mi/HK$1 on dining + miles for banking w/ SC
Standard Chartered Asia Miles Mastercard is ideal for foodies who want to rapidly earn airmiles while dining out. Cardholders earn 0.750 mile per HK$1 spend with select restaurants, boosted to 1.250 miles on Mondays. Other dining, overseas & online spend earns 0.250 miles, and general spend earns 0.167 miles. Since dining is a major portion of most consumers' spend, the higher rates in this area–and on all other general spend–mean that consumers could potentially earn more miles if they frequently eat out and spend locally.


Standard Chartered Asia Miles Mastercard is also more accessible, requiring an annual income of just HK$96,000. However, its HK$2,000 annual fee is only waived for select SC account holders, making it better suited to SC loyalists. Ultimately, Standard Chartered Asia Miles Mastercard may allow consumers who frequently dine out to earn more air miles, while still remaining quite accessible.

Citi PremierMiles Card v. DBS Black World
  • Annual Fee: HKD 2,000
  • Stand-Out: 45% discount on flights when redeeming miles through iGO
Like Citi PremierMiles Visa Card, DBS Black World Mastercard offers convenient no-fee miles redemption–though it also offers special discounts on flights. To start, cardholders earn 0.250 miles per HK$1 spend overseas and 0.167 miles on local retail spend. Unlike Citi PremierMiles Card, overseas miles rates receive no boost by the cardholder reaching a HK$20k spend per month, although the base rate is higher at 0.167 miles per HK$1 spend.


DBS Black World Mastercard especially differentiates itself from Citi PremierMiles Card by offering 45% discounts on flights when redeeming miles through DBS's iGO platform, allowing consumers to stretch their rewards even further. Overall, DBS Black World Mastercard may be a better fit for primarily local spenders who prefer discounts on select flights to free lounge access.

Citi PremierMiles Card v. Amex Cathay Pacific Elite Card
  • Annual Fee: HKD 1,800 (waiver available)
  • Stand-Out: 10 free lounge visits + 0.333 miles/HK$1 w/ Cathay Pacific
Cathay Pacific loyalists who want generous lounge access with no spend requirements should definitely consider American Express Cathay Pacific Elite Credit Card. Cardholders earn 0.333 miles per HK$1 spend on Cathay Pacific flight bookings, 0.250 miles on foreign currency spend, and 0.167 miles on local retail. Consumers can also enjoy 10 free lounge visits/year, regardless of their monthly spend. Although Citi PremierMiles Card offers 2 more free visits per year, consumers must meet a HK$5k spend requirement in the month following each visit.


Consumers should also note that Amex Cathay Pacific Elite is less accessible than Citi PremierMiles Card since it has a higher minimum income requirement of HK$300k, and its annual fee of HK$1.8k is only waived with HK$150k spend. Nonetheless, American Express Cathay Pacific Elite is ideal for frequent Cathay Pacific flyers who want to relax in luxury without having to meet a spend requirement.

Citi PremierMiles Card v. CCB eye Platinum
  • Annual Fee: Free
  • Stand-Out: Up to 0.469 miles for online & mobile spend, no annual fee
While Citi PremierMiles Card does offer impressive miles rates for online and overseas spending, CCB eye Platinum Card's rates on mobile and online spend are truly outstanding. Cardholders earn 0.333 miles per HK$1 spend online or using mobile pay, boosted to 0.469 miles for contactless transactions overseas. Rewards are capped at 20k miles per year, however, and consumers must pay a HK$100 service charge per redemption. It's also worth mentioning that regular local and overseas spend earn just 0.067 miles and 0.201 miles per HK$1, respectively, which aren't especially competitive.


Still, CCB eye Platinum has no annual fee–meaning consumer's don't need to worry about meeting a minimum spend requirement to achieve a waiver–and its minimum income requirement is just HK$150k, lower than Citi PremierMiles Card's by almost HK$100k. Overall, CCB eye Platinum may be a better option for modern consumers looking for an accessible, affordable card that rewards everyday contactless payments.

Jacob Weiss

Jacob is a Junior Research Analyst at ValueChampion, focusing on credit cards and other consumer financial products. Previously, he covered hedge funds and long only products for Cambridge Associates. He holds a B.S. in Finance from the University of Maryland and has passed Level 1 of the CFA exam.