Citi PayAll flash deal: Up to S$120 eCapitaVouchers with bill payments

Citi PayAll has launched a new flash deal with up to S$120 eCapitaVouchers on offer for bill payments set up from 23-28 February 2023. 

While this flash deal doesn’t coincide with any promotional earn rate for PayAll transactions, it still lets you offset a significant amount of the regular 2% admin fee, reducing the cost per mile to as little as 0.31 cents depending on card. 

Here’s the key details of the new Citi PayAll flash deal:

Citi PayAll customers who set up at least S$4,000 of payments will receive up to S$120 eCapitaVouchers, according to the following table:

Customers are entitled to a maximum of one gift, i.e. either a S$60 or S$120 eCapitaVoucher. 

All Citi PayAll transactions will count towards this promotion: 

The “misc. payments” category is very broad, and almost serves as a catch-all: you could use it to pay for wedding expenses, donations, renovations, even the nebulously defined “travel expenses” and “payment for retail good and services”. Most of these don’t even require supporting documentation; you can simply transfer funds to someone else’s bank account.

Do remember, however, that Citi PayAll T&Cs explicitly prohibit you from sending money to yourself, or using it as a cash advance facility. In other words, whatever payment you make must have some underlying economic substance.

10.1 When accessing and using the Service, you must comply with any prescribed verification procedures, or other procedures, directions and instructions communicated by us to you. Further, you hereby represent and warrant that you shall not, in connection with your use of the Service:…

(b) send money to yourself or recipients who have not provided you with goods or services (unless expressly allowed by us);

(c) provide yourself or any other party a cash advance from your card (or help other parties to do so);

This Citi PayAll flash deal is valid for the following Citi credit cards:

Citi has introduced a new policy for this particular PayAll promotion, which requires that the minimum spend be made on only one eligible card. 

The following illustrations are provided:

tl;dr: you can’t combine minimum spend across multiple cards; pick one card and stick with it. 

Eligible customers will receive a notification via SMS/email with gift redemption details within 16 weeks from the end of the promotion period, i.e. 20 June 2023.

That’s four weeks longer than previous flash deals. Based on data points I’ve seen, Citi was regularly missing the 12-week fulfilment window, so presumably they’ve decided to give themselves more breathing room. 

The full T&Cs of this offer can be found here.

Unfortunately, this flash deal does not coincide with one of Citi PayAll’s upsized miles offers- the most recent one (1.8 mpd) ended on 31 January 2023. 

However, eCapitaVouchers are as good as cash to many people, and reduce the effective cost per mile significantly. A S$60 eCapitaVoucher on a S$4,000 payment or S$120 eCapitaVoucher on a S$8,000 payment is effectively a 1.5% rebate off a 2% admin fee. 

Given a 0.5% fee, your effective cost per mile drops as follows: 

To illustrate, suppose you made a PayAll payment of S$4,000 on your Citi PremierMiles Card:

Don’t forget, we’re not just talking about KrisFlyer miles. Citibank points can be transferred to 10 different frequent flyer programmes, including some with great sweet spots like British Airways Executive Club, Etihad Guest, Qatar Privilege Club and Turkish Miles&Smiles.

For the next six days, Citi PayAll is offering a flash deal with S$60/S$120 eCapitaVouchers up for grabs to customers scheduling at least S$4,000/S$8,000 of payments, on top of the regular miles.

Don’t forget to set up your payments by 28 February 2023 (with a charge date by 6 March 2023) to be eligible, and to charge your payments to a single Citi card. And don’t try to pull a fast one by choosing the no-fee-no-rewards option; when Citi says no rewards, they mean it!