Citibank is running a very lucrative promotion for new signups for the PremierMiles credit card.
Like you know, Citibank offers 10 PremierMiles/100 INR for airline bookings via airline offices & websites (including premiermiles.co.in). For other transactions, it is 4 PremierMiles/100 INR. You also get 10,000 PremierMiles for your first transaction of Rs. 1000 or more within 60 days of acquiring the card. PremierMiles can be transferred 1:1 to various frequent flyer programs including Air India, Cathay Pacific, Etihad and Delta. PremierMiles don’t expire, so you can transfer them to any program when you need them. You can read my review, albeit a bit dated, here.
The promotion for Rs. 1000 Cashback for new cards, is valid till March 15, 2014 and you have to apply online, with a coupon code ‘Citibank’ to qualify for this promotion. Then, your first transaction for at least INR 1,000 within the first 30 days will be used to give you a cashback for INR 1,000 within 90 days of card signup. Here are the detailed T&C.