Citibank PremierMiles Mastercard Credit Card
Citi bank
Last updated: Feb 03, 2026
₹3,000
₹3,000
3.5%
14 visits/yr
Contents
Citibank PremierMiles Mastercard Credit Card is a premium travel credit card for frequent flyers who want to earn flexible, airline-agnostic miles on every spend. You earn accelerated PremierMiles on airline bookings and travel spends, plus solid base miles on everyday expenses, which can be redeemed for flights, hotels, or transferred to multiple airline and hotel loyalty programs. Miles typically never expire as long as your account remains active, making it easy to save up for a big international trip. After the Citi–Axis migration, existing Citi PremierMiles cardholders are being transitioned to Axis Bank Horizon while retaining the core travel and air-mile benefits, making this card most relevant for existing users rather than new applicants in India.
Features of Citibank PremierMiles Mastercard Credit Card which makes it unique
Evergreen PremierMiles
PremierMiles typically never expire as long as your card account remains active.
You can accumulate miles over several years and redeem them for large international trips or premium cabins.
Many competing travel cards in India impose 2–3 year expiry on points.
Airline-Agnostic Travel Redemptions
Redeem miles across multiple airlines and hotel partners instead of being locked to a single airline.
Greater flexibility to find flight availability and maximise value on domestic and international routes.
More flexible than co-branded airline cards that only work with one programme.
Migration to Axis Bank Horizon
Existing Citi PremierMiles cardholders are being migrated to Axis Bank Horizon Credit Card with Edge Miles.
Continued access to travel rewards, lounge benefits and better integration with Axis Bank’s ecosystem.
One of the few legacy miles cards in India that transitioned into a new-age bank platform.
Rewards Structure of Citibank PremierMiles Mastercard Credit Card
Base Rewards
baseAll eligible retail spends in India and overseas, except fuel, rent, wallet loads, government payments and other excluded categories as per issuer policy.
Miles usually do not expire as long as the credit card account is active and in good standing.
Airline and Travel Bookings
acceleratedFlight and travel bookings made on the PremierMiles booking portal and directly with airlines and select travel partners.
Best suited for frequent flyers who book flights directly with airlines or via the PremierMiles travel portal.
Partner Redemptions and Transfers
baseMiles redeemed for flight tickets, hotel stays or transferred to airline and hotel partners such as Air India, Vistara (via partners), Singapore Airlines, Qatar Airways, British Airways, InterMiles and IHG.
Redemption value is usually higher for airline transfers and premium cabin bookings than for statement credit or gift vouchers.
Milestones of Citibank PremierMiles Mastercard Credit Card
Activation Bonus
₹1,000 within 60 days : 10,000 welcome miles credited after first eligible transaction in the offer period.
Annual Renewal Bonus
Card renewal with fee payment : 3,000 renewal miles credited after the annual fee is successfully charged and not reversed.
Fees & Charges of Citibank PremierMiles Mastercard Credit Card
| Fee & Amount | Fee Value |
|---|---|
| Joining Fee | ₹3,000 |
| Annual Fee | ₹3,000 |
| Forex Markup Fee | 3.5% |
| Cash Advance Fee | 2.5% |
| Late Payment Fee | ₹1,300 |
| Over Limit Fee | 3% |
| Returned Payment Fee | ₹350 |
| Cash Withdrawal Fee | 3% |
Renewal Conditions:Annual fee of ₹3,000 plus taxes is billed every year; you receive 3,000 bonus miles on renewal. No standard lifetime free or automatic spend-based waiver, though targeted fee-waiver offers may be run by the issuer from time to time.
Fee Explanation Finance charges are typically 3.75% per month (45% p.a.) on revolving balances and cash advances. Cash advance fee is 2.5% of the transaction amount (minimum ₹500). Late payment charges follow slab-based bands up to about ₹1,300 depending on total amount due. Overlimit fee is 2.5% of the over-limit amount (minimum ₹500). Foreign currency transactions attract around 3.5% mark-up plus GST on the INR-converted amount. Fuel and railway surcharges may be levied by the acquiring bank and are partly or fully reversed as per product terms.
Detailed Explanation of Citibank PremierMiles Mastercard Credit Card Fees
Joining Fee: ₹3,000 + GST (one-time)
Charged in the first statement; you receive 10,000 welcome miles on meeting the initial spend condition.
Annual Fee: ₹3,000 + GST (yearly)
Billed every year; you typically receive 3,000 bonus miles on renewal. No standard spend-based waiver.
Finance Charges: 3.75% per month (45% p.a.) (monthly)
Applicable on revolving balances and cash advances from transaction date till full repayment.
Cash Advance Fee: 2.5% (min ₹500) (transaction)
Charged on domestic and international ATM cash withdrawals plus applicable finance charges from the date of withdrawal.
Late Payment Fee: Up to ₹1,300 (statement)
Varies by total amount due as per slabs; charged if minimum amount due is unpaid beyond the grace period.
Overlimit Fee: 2.5% (min ₹500) (event-based)
Levied on the over-limit amount whenever outstanding exceeds the assigned credit limit.
Foreign Currency Mark-up: 3.5% + GST (transaction)
Applied on all international transactions after conversion to INR as per Mastercard network rates.
Returned Payment Fee: ₹350 (event-based)
Charged per returned cheque, ECS, ACH or standing instruction for Citi PremierMiles card.
Lounge Access Benefits with Citibank PremierMiles Mastercard Credit Card
domestic Lounges
silverVisits per year: 6
Guest access: No
Around 6 complimentary domestic airport lounge visits per year at participating lounges, primarily via Mastercard airport lounge program for eligible variants. Exact lounge list and access mechanism subject to issuer and network updates.
international Lounges
silverVisits per year: 8
Guest access: Yes
Complimentary international lounge access at select airports for the primary cardholder, often via Priority Pass or Mastercard tie-ups on eligible variants. Guest visits may be chargeable or limited.
Insurance Coverage with Citibank PremierMiles Mastercard Credit Card
Air Accident Cover
₹1,00,00,000Complimentary personal air accident insurance for the primary cardholder on tickets purchased using the card, subject to detailed policy terms and successful claim approval.
Travel Inconvenience Insurance
₹5,00,000Indicative coverage for loss of checked-in baggage, flight delay or missed connection on trips where tickets are booked using the card; exact sub-limits and coverage depend on insurer terms.
Credit Liability Cover
₹10,00,000Coverage for unauthorised transactions and outstanding balance in case of cardholder death or permanent disability, as per the bank’s group insurance programme.
Additional Features of Citibank PremierMiles Mastercard Credit Card
Contactless Payments
Tap-and-pay enabled Mastercard contactless credit card for quick in-store transactions.
Per-transaction limits apply for contactless payments without PIN as per RBI and network rules.
EMI on Credit Card
Convert high-value purchases into EMIs directly from the transaction or via net banking/app.
Tenure, processing fee and interest rate vary by merchant and offer; subject to bank approval.
Statement Credit for Miles
Redeem accumulated PremierMiles as statement credit against your card outstanding.
Effective value per mile is typically lower than airline/hotel redemptions; minimum redemption blocks apply.
Global Acceptance
Mastercard credit card accepted at millions of merchants and ATMs worldwide.
International transactions are subject to forex mark-up and local network availability.
Welcome Bonus with Citibank PremierMiles Mastercard Credit Card
Welcome Bonus: 10,000 Air Miles
Bonus Conditions: Spend ₹1,000 or more within 60 days of card issuance on eligible transactions to receive 10,000 welcome miles. Bonus is typically not applicable if the card is closed for inactivity or cancelled shortly after issuance.
Application Process for Citibank PremierMiles Mastercard Credit Card
Processing Time
7-10 business days
Online Application
Not Available
Instant Approval
Not Available
Step-by-Step Process
Check your eligibility, income level and existing credit history to ensure you qualify for a premium travel card.
Visit the issuer’s official channels (now Axis Bank for migrated Citi users) or authorised partner platforms to explore current travel credit card options similar to Citi PremierMiles.
Fill out the online or offline application form with personal, employment and income details and upload KYC documents.
Complete any additional verification, video KYC or in-person document pick-up as scheduled by the bank.
On approval, your physical credit card is printed and dispatched; you must activate it, set PIN and register for internet and mobile banking.
Required Documents for Citibank PremierMiles Mastercard Credit Card
ID Proof
allAccepted documents:
Address Proof
allAccepted documents:
Income Proof
salariedAccepted documents:
Income Proof
self_employedAccepted documents:
Citibank PremierMiles Mastercard Credit Card Merchant Acceptance Network
Domestic Acceptance
High acceptance across POS terminals and online merchants in India that support Mastercard.
International Acceptance
Widely accepted at global merchants, hotels, airlines and ATMs wherever Mastercard is supported.
Online Acceptance
Supported for most domestic and international online transactions, including travel, e-commerce, OTT and subscription platforms.
Payment Technologies
Mobile Wallet Support:
Excluded Merchants
Eligibility Criteria for Citibank PremierMiles Mastercard Credit Card
Quick Eligibility Check
Minimum Age
21+
Credit Score
730+
Citizenship
Indian residents only
Income Requirements
Salaried Applicants
₹35,000
Minimum annual income
Self-Employed Applicants
₹50,000
Minimum annual income
Who Can Apply
Important Conditions
- Applicant should have a stable source of income, a valid PAN and Aadhaar, clean repayment history with no recent defaults, and must meet the bank’s internal credit and KYC policies.
How Approval Is Decided
- Minimum monthly income typically above ₹35,000 for salaried and higher for self-employed applicants.
- Indian resident status with valid PAN and Aadhaar and full KYC compliance.
- Healthy credit profile with a CIBIL score preferably 730+ and no recent major delinquencies.
- Favourable internal risk assessment by the bank based on your bureau history, existing obligations and banking relationship.
Pros of Citibank PremierMiles Mastercard Credit Card
- Excellent earn rate on airline and travel spends for frequent travellers.
- Flexible redemption options across flights, hotels, statement credit and transfer partners.
- Evergreen miles make it easier to plan long-term travel goals without expiry pressure.
- Complimentary domestic and international airport lounge access on eligible variants.
- Good fit for users who want an air-miles-focused travel credit card instead of cashback.
Cons of Citibank PremierMiles Mastercard Credit Card
- ₹3,000 annual fee plus taxes with no straightforward spend-based waiver for most users.
- Complex reward ecosystem with varying transfer ratios and partner rules that beginners may find confusing.
- Limited or no new applications in India after Citi’s retail business transfer to Axis Bank, so mostly relevant for existing cardholders.
- Forex mark-up around 3.5% makes it less attractive solely for overseas POS spends compared to specialised low-forex cards.
Frequently Asked Questions about Citibank PremierMiles Mastercard Credit Card
Is the Citibank PremierMiles Mastercard Credit Card still available for new customers in India?
After Citibank’s India retail business was acquired by Axis Bank, new applications for the Citi PremierMiles card have effectively stopped. Existing Citibank PremierMiles customers are being migrated to the Axis Bank Horizon Credit Card, so this product is mainly relevant for existing cardholders rather than new applicants.
How many miles can I earn with the Citibank PremierMiles Mastercard Credit Card?
You typically earn 4 PremierMiles per ₹100 on most eligible spends and up to 10 PremierMiles per ₹100 on airline and travel bookings made through the PremierMiles portal or directly with airlines. Excluded categories such as fuel, rent, government payments, wallets and certain utilities may not earn miles.
Do PremierMiles earned on this card ever expire?
PremierMiles on the Citi PremierMiles card generally do not expire as long as your card account remains open and in good standing. However, once you transfer miles to an airline or hotel partner, the partner programme’s expiry rules apply, which are usually 2–3 years from earning.
What is the annual fee and what benefits do I get in return?
The card carries a ₹3,000 annual fee plus taxes. In return, you get 10,000 welcome miles after meeting the initial spend requirement, around 3,000 renewal miles every year on fee payment, high earn rates on travel bookings, multiple airline and hotel transfer partners, and complimentary airport lounge access on eligible variants.
Is Citibank PremierMiles better than generic cashback credit cards for Indian users?
For travellers who regularly book flights and hotels and can redeem miles for high-value domestic or international trips, Citibank PremierMiles (and its migrated Axis Bank Horizon version) can easily outperform simple cashback cards. However, if you rarely travel and prefer uncomplicated cashback on everyday spends, a no-frills cashback card may work out better for you.
How does the Citi–Axis migration affect my existing PremierMiles balance?
During migration, your PremierMiles balance is converted into Axis Bank Edge Miles at a pre-defined conversion rate and then managed under Axis Bank’s rewards platform. Your ability to redeem for flights, hotels and partner transfers continues, though the exact catalog, partners and transfer ratios will follow Axis Bank’s rules after migration.
What documents are required to apply for a similar travel credit card in India?
Typically you must submit PAN, Aadhaar, one identity proof, one address proof, and income proof such as latest salary slips, Form 16 or ITRs and bank statements. Exact requirements vary by bank and card, but KYC and proof of steady income are mandatory.
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