Citibank PremierMiles Credit Card – Benefits, Fees & Eligibility

Citibank PremierMiles Credit Card

Introduction

The Citibank PremierMiles Credit Card is recognized as a leading travel credit card in India, particularly well-suited for frequent domestic flyers. It operates on a reward points system, where points are earned as AirMiles (or simply Miles). While these Miles offer flexibility for various shopping purposes, they provide superior value when redeemed for flight and hotel bookings through partner airlines/hotel chains or directly on Citibank's PremierMiles portal. The card also allows for the transfer of Miles to other airline/hotel loyalty programs. Cardholders receive 10,000 Miles as a signup bonus and an additional 3,000 Miles upon each card membership renewal. It offers accelerated earning of 10 Miles for every Rs. 100 spent on flight bookings or via the bank’s PremierMiles portal, and 4 Miles per Rs. 100 on all other transactions. Travel benefits extend to complimentary domestic lounge access, with specific allowances for Visa Signature and MasterCard variants, though international lounge access is not included.

Welcome Benefits

• 10,000 Miles on spending Rs. 1,000 or more within the first 2 months (60 days) of card issuance.
• 3,000 Miles every time the card membership is renewed annually.

Fees

• Joining Fee: Rs. 3,000 plus applicable taxes (complimentary for Citi Gold account holders).
• Renewal Fee: Rs. 3,000 plus applicable taxes (complimentary for Citi Gold account holders).
• Spend-Based Waiver: Not applicable.
• Rewards Redemption Fee: Nil.
• Foreign Currency Markup: 3.5% of the transaction amount.
• Interest Rates: 3.75% per month (or 45% per annum).
• Fuel Surcharge: 1% fuel surcharge is reversed for transactions at authorized Indian Oil refill stations.
• Cash Advance Charges: 2% of the amount withdrawn, subject to a minimum charge of Rs. 300.

Rewards

• Best Suited For: Travel.
• Rewards Rate:
  • 10 Miles for every Rs. 100 spent on airline transactions or on the bank’s PremierMiles portal.
  • 4 Miles for every Rs. 100 spent on all other transactions.
  • No Miles are earned on specific spend categories including utilities, insurance, educational institutions, government institutions, and transportation and tolls.
• Travel:
  • Miles earned can be utilized for travel bookings or transferred to various hotel/flight loyalty programs.
  • Miles are redeemable on 100+ Airlines.
  • If you are a member of an airline’s frequent flyer program, you earn PremierMiles in addition to the regular AirMiles from the frequent flyer program.
• Domestic Lounge Access:
  • 8 complimentary domestic lounge access per quarter with the Visa Signature variant.
  • 6 complimentary domestic lounge access per quarter with the MasterCard variant.
• International Lounge Access: Not available.
• Movie & Dining:
  • Up to 20% discount on dining bills at partner restaurants.
• Golf: Not available.
• Insurance Benefits:
  • Personal air accident cover worth Rs. 1,00,00,000 (Rs. 1 Crore) in partnership with The New India Assurance Co. Ltd. (Applicable only in case of loss of life due to an air accident for the primary cardholder; add-on cardholders are not covered).
  • Lost card liability cover worth Rs. 10,00,000 (Rs. 10 Lakhs).
• Lifestyle: N/A

Rewards Redemption Guide

• Miles earned on the Citibank PremierMiles Credit Card have lifelong validity and no blackout days, meaning they can be redeemed anytime.
• Miles can be redeemed across various categories with different values:
  • Fuel at Indian Oil outlets: 1 Mile = Re. 0.30
  • Travel-related categories (Yatra, MakeMyTrip, Goibibo, Premiermiles, Indigo): 1 Mile = Re. 0.45
  • Utility (Vodafone, BookMyShow), Retail (ShoppersStop, Westside), Dining: 1 Mile = Re. 0.30
  • Other categories: 1 Mile = Re. 0.20
  • Transfer to AirMile/InterMile/Taj InnerCircle (TIC): 1 Mile = 0.5 partner airmile/TIC Point. Partner airlines include Cathay Pacific, British Airways, Thai Airways, Malaysia Airlines, Eva Air, Etihad Airways, Singapore Airlines, Qatar Airways, Turkish Airlines, and Air India.
• Miles can be redeemed only on airline ticket bookings on partner airline's official websites, airline counter bookings, or on Citibank’s PremierMiles online portal. They cannot be redeemed on third-party flight/hotel booking sites like Expedia or MakeMyTrip.

Card Eligibility Criteria

• Age: The applicant's age should be between 23 years and 70 years.
• Employment Status: The applicant should either be salaried or self-employed with a good annual income.
• Credit Score: The applicant should have a good credit score.

Documents Required

• Identity Proof: (e.g., Aadhar card, Voter card, driving license).
• Address Proof: (e.g., Aadhar card, Voter card, driving license).
• Proof of Income:
  • For Salaried Applicants: Latest two salary slips.
  • For Self-Employed Applicants: Latest ITR with audited income computation.

Card Review

The Citibank PremierMiles Card is an excellent choice for frequent domestic travelers, offering significant value that few other cards in the Indian market can match, apart from co-branded airline cards. Its closest competitor, Axis Bank’s Miles and More card, has a lower miles earning rate and a slightly higher annual fee. A major advantage of this card is that the Miles earned never expire, and there are no blackout days, allowing for redemption flexibility regardless of demand peaks like New Year's Eve or Valentine's Day. This makes it a highly lucrative option for those prioritizing travel benefits and flexible redemption.

Important Product Details

• Welcome Benefit: 10,000 Miles on spending Rs. 1,000+ within 60 days of card issuance.
• Renewal Benefit: 3,000 Miles upon every card membership renewal.
• Accelerated Rewards: 10 Miles for every Rs. 100 spent on airline transactions or Citibank’s PremierMiles portal.
• Standard Rewards: 4 Miles for every Rs. 100 spent on all other expenditures.
• Redemption Flexibility: Miles are redeemable on 100+ Airlines and transferable to partner airlines/hotel loyalty programs.
• Domestic Lounge Access: Complimentary access at select airports (8 per quarter for Visa Signature, 6 per quarter for MasterCard variant).
• Dining Discounts: Up to 20% discount at partner restaurants.
• Insurance Coverage: Personal air accident cover worth Rs. 1 crore and lost card liability cover worth Rs. 10 lakhs.
• Miles Validity: Miles have lifelong validity.
• No Blackout Days: Miles can be redeemed on any day, without restrictions.
• Foreign Currency Markup: 3.5% of the transaction amount.
• Interest Rate: 45% per annum.
• Joining/Renewal Fee: Rs. 3,000 plus taxes (waived for Citi Gold account holders).

Other Details

• How to Apply: Applications can be submitted online via Citibank's official website by clicking "Apply Now" and providing details/documents, or offline by visiting a Citibank branch with necessary documents.
• Customer Care: For assistance or to report a lost card, contact Citibank’s 24x7 customer care helpline (CityPhone) at 1860 210 2484. Emergency services are available 24x7, while other services are available from 9 AM - 7 PM (Monday - Saturday).
• Updated On: 26 May, 2025.