I have to admit I love it how things work out sometimes. I’m a Citibank PremierMiles fan, and I have been one since November 2011. We’ve had a little bit of our love hate in 2012, but I’ve come to terms with it and moved on to live with the new reality ever since. Now, I’ve earned a lot of PremierMiles over the years, but the only true redemption I’ve made has been last year, when I flew Singapore Airlines LAX-SIN-BOM in Business Class with them. Otherwise, the PremierMiles just lie in my account, and I transfer them whenever needed, since they never expire.
Anyhow, so, last month I finally decided to apply for the Prestige, which I’ve loved since I’ve heard about it. However, I already have the most number of Citibank credit cards they’d allow to be issued in India (2), with a Citibank PremierMiles Visa and Citibank PremierMiles MasterCard in my wallet. Citi advised to convert one of the existing cards into the Citi Prestige, and I gave them my go ahead. At that point of time, I was advised that Citi would convert points in the ratio 2 PremierMiles = 1 Prestige Point for me, and that was a gimme.
When the new package arrived, it had a conversion chart inside as well, which detailed how point conversion would take on from earlier cards. Now, here is how it looks.
You know the beauty of this? While Citibank PremierMiles transfers to various airmile programs at 1 PremierMile = 1 Airmile, with conversion to Prestige, 1 Prestige Point converts to 4 Airmiles. Hence, with this move, they’ve doubled the number of miles in my account.
On the sideline, I had to give away some of my PremierMiles which I was going to earn due to the International Spend promo, but I guess I made up for it more than enough with this arbitrage opportunity. And yes, I still do have my Citibank PremierMiles Visa in my pocket which I will continue to use to book most of my air travel over the years ahead.
- The Citibank Prestige Officially Launched!
- Citibank to launch Prestige Credit Card in India
- Credit Card Review: Citibank Prestige India (2014)
- Lots of miles and status to come with Citi Prestige in India
- Singapore Airlines Business Class: my best PremierMiles redemption till date