Tag Archives: Citibank

Citibank Premiermiles: How I saved 100,000 last year on it

Easy redemption on MakeMyTripz

I love minting credit card points and I do so by putting my every expense on credit card. Last year, I saved nearly 100,000 on my Citibank Premiermiles card alone. Below are the details on how I did it.

Redeemed Citibank Premiermiles point for flight tickets on MMT

Citibank Premiermiles reward points offer the best value (1 point=45paise) on flights and hotel bookings. Thus, I used my points to book return tickets to Singapore. Two return tickets for Singapore were priced at 46000, but I booked them just 4 bucks!! For rest, I redeemed my Premiermiles reward points. An instant savings of 46,000.

Citibank – Changes in reward program

Citibank has announced changes to its reward program and excluded many major categories from it, effective from 12th October 2019. Personally, Citibank is my primary card (till now that is) because of its simplicity. One gets reward points for all the transactions (no exceptions) and no expiry of reward points. However, this has now changed.

Citibank changes to Reward Program

Below are the details on changes made to the Citibank credit card reward program:

What are the changes in Citibank reward program?

If one reads the official update about changes to Citibank reward program (link here), it’s not very clear as to which merchants are excluded from reward points and which are not. Thus I dug up on what these MCC codes meant and found the details here.

Thus, combining information from these sources, I made a ready reckoner for reference, below.

Singapore for 2 @ 94k, courtesy Citi and Yes credit card

While we were planning a week long trip to Singapore this June, we got quotes from websites, vacation planners, tour operators etc. All of them were broadly in the range of 60-70k/person (i.e. 120-140k for a couple) and despite that they neither cover all the places we wanted to visit nor the entire cost. What it meant was our end-to-end trip would easily cost us ~150-170k.

It was then I decided to explore the power of credit card points and voila! Our Singapore trip in the end cost us just 94k i.e 47k/ person all inclusive, including visa and insurance charges.

Here the major items where I saved lots of money:

Flight Tickets: Redeemed my Citibank Premiermiles points on MMT for flight tickets. End result – Return ticket for 2 which would have cost 46k on Singapore Airlines, we ended up paying just 4Rs. (It’s not a typo, just Rs. 4). So straight saving of 46000.

Hotels: We decided to stay in 2 hotels during our stay (Hotel Nostalgia and Yotel Singapore). Here too, I used my Yes Bank credit card points to book Hotel Nostalgia for 2 nights. Typical room cost is ~7400/night, but I paid just 119 for 2 nights (Again its not a typo, 119 for 2 nights for a boutique hotel in Singapore). Savings of ~14500.
For remaining days, I used MMT clubbed with Citibank offer where I saved ~8000 on the other 4 nights.

Thus in all, using my credit card points and offers I straightaway saved ~70000 on flights and hotel bookings.

How do have so much points on cards? Simple! Put all expenses on credit card, be it utility bills, insurance premiums (life + medical), groceries, house rent, payment to dhoodhwala etc, just about everything on credit card.

Again, it’s not that I earned all these points in one year, these points have been accumulated over the last 2-3 years.

Will write more about the credit cards (Citibank Premiermiles and Yes Bank credit card) I use, plus other savings that I did on Singapore vacation in upcoming posts.