Citi Payall a good deal for making insurance payment ?

When you use services such as Citi Payall or CardUp, you are essentially paying an additional fee to buy miles. To see if it is worth it, you'll need to determine the value of a mile to you. This depends on where and how you plan on redeeming your miles. Generally, it will not be worth it if you plan on redeeming only economy class tickets. Citi charges a flat 2% fee for Payall, so if you are using the Citi PremierMiles card, the cost would be approximately 1.67 cents per mile.

Payall is not an instalment plan and you will need to pay the amount off in full. However, many insurance policies give you the option to pay on a monthly or annual basis. An extra consideration to note is that some insurance policies give you a discount if you pay annually instead of monthly.

You can also consider optimizing your credit card spend across multiple categories. Plenty of cards give you high mile earn rates of 4mpd on things like online shopping (Citi Rewards) and mobile contactless payments (UOB PPV). This can be more cost efficient than paying for miles using Citi Payall.