Credit Cards

Is the New American Express Singapore Airlines KrisFlyer Card the Best Air Miles Credit Card? Or the Worst?

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In my teens, I made some questionable life choices – I dabbled in Tarot, I read Ayn Rand, I enjoyed listening to Nickelback AND Creed. Yes, that last one is pretty damning, I know. Recently, I’m planning to get the new American Express Singapore Airlines KrisFlyer Card.

And if you don’t know enough about air miles credit cards, you might think that my questionable life choices have continued into adulthood. That’s because this card earns 1.1 miles per $1 spent locally.

 

Isn’t earning 1.1 miles per $1 spent locally a relatively low rate compared to other credit cards?

Yes, in fact, it’s the lowest air miles earn rate for air miles credit cards in Singapore. Other credit cards allow you to earn at a rate of 1.2 miles to 1.4 miles per $1 spent locally, and, as we pointed out before, some rewards credit cards technically can earn you air miles at a rate of 4 miles per $1 spent locally or more.

 

So why are you applying for an air miles card that earns you the lowest air miles per dollar spent?

American Express Singapore Airlines KrisFlyer Credit Card

American Express Singapore Airlines KrisFlyer Credit Card


Card Benefits

    • Apply through MoneySmart from 22 Mar - 19 Apr 2018 to get S$100 worth of Grab OR NTUC Vouchers. Application must be approved by 3 May 2018. Submit your (i)Contact Details and (ii)14-digit Reference Number on the Thank You Page upon completion at this link before 19 April 2018. T&Cs
    • S$1 = 1.1 KrisFlyer miles (Local)
    • S$1 = 2 KrisFlyer miles (foreign currency spent Overseas) during June and December and for purchases made at singaporeair.com, silkair.com KrisShop and SilkAir SkyShop, both in-flight and online
    • S$1 = 3.1 KrisFlyer miles for Grab and Uber rides, capped at S$200 per month
    • Receive bonus 7,000 bonus KrisFlyer miles when you first charge to your card
    • Get an additional 7,500 bonus KrisFlyer miles when you spend S$2,500 within 3 months of card approval
    • Get S$150 cashback for use on your next purchase on singaporeair.com when you spend S$12,000 on your Card from now till 30 June 2018
    • Enjoy free Travel Inconvenience & Travel Accident Benefits of up to S$350,000 when you purchase your travel tickets with you card

    No, I’m not into some 50 Shades of Grey level masochism. In fact, this new KrisFlyer Card is actually a frontrunner in terms of how easy, convenient and cheap it is to earn miles.

    Most air miles credit cards in the market today have a convoluted, expensive procedure to redeem credit card rewards points as miles that could take several days. Not only is there a set number of reward points you need to earn before you can redeem your miles, you also have to pay a conversion fee each time you actually change your rewards points to air miles.

    Let’s take a look at how some credit cards convert points to miles:

      Citi PremiereMiles Visa UOB PRVI Miles Visa DBS Altitude Visa Signature
    Basic Miles per Dollar Rate for Local Spending 1.2 Miles per $1 1.4 Miles per $1 1.2 Miles per $1
    Minimum Number of Points Required to Convert No apparent minimum (used to be spending of $417) UNI$5,000 (i.e. spending of $7,142) 5,000 points (i.e. spending of $8,333)
    Cost per Conversion $25 per redemption except for Citi Ultima cardmembers $25 per redemption except for Privilege Banking customers $42.80 per year
    No fee per redemption
    Points/Miles Expiry No expiry UNI$ expire after 2 years No expiry
    Time take for Redemption Process Up to 14 working days 3-5 working days 7-14 working days

    Those of you who already own one (or more!) of these air miles cards may already have known about these details which are often hiding in plain sight in the fine print of the card’s terms and conditions. You may have even been willing to accept all these limitations, and finding ways to accommodate them.

    But the truth is, they’re mostly inconveniences. Imagine having to charge thousands of dollars to your card and then waiting for a week or more to redeem your air miles before you can even think of flying!

     

    I bet you’re going to say there’s one air miles credit card that does away with all of these inconveniences, huh.

    Exactly right! The American Express Singapore Airlines KrisFlyer Card may only earn at 1.1 miles per $1, but it boasts the most convenient way to earn KrisFlyer miles. All miles earned with this card are credited directly into your KrisFlyer account.

    What’s more, only full miles are awarded. This means that if you spend $0.50 on the card, you don’t earn 0.55 miles, it gets rounded up, so you earn a full mile! Unfortunately, if it’s less than 0.50 miles, it gets rounded down.

    Now, when you apply for the new American Express Singapore Airlines KrisFlyer Card, you receive a bonus of 5,000 miles as soon as you charge to the card for the first time.

    And yes, these miles are credited directly to your KrisFlyer account, so you can use them immediately. Also, if you spend just $700 on the card in the first 6 months, you’ll receive an additional 3,000 miles as a bonus.

     

    So who should apply for the American Express Singapore Airlines KrisFlyer Card?

    Because every dollar you charge to the card is immediately converted to air miles, this credit card is actually ideal for those who love travelling but don’t spend thousands of dollars a month on their cards.

    The American Express Singapore Airlines KrisFlyer Card allows you to earn your air miles at the rate you want to, not at the rate the bank determines. Plus, since there’s no conversion cost, you don’t need to worry about saving up your rewards points, which may risk them expiring if you don’t earn them fast enough.

    So if you find yourself only spend a few hundred dollars, but love to reward yourself with a holiday around the region, consider getting the American Express Singapore Airlines KrisFlyer Card and the convenience it brings.

    American Express Singapore Airlines KrisFlyer Credit Card

    American Express Singapore Airlines KrisFlyer Credit Card


    Card Benefits

      • Apply through MoneySmart from 22 Mar - 19 Apr 2018 to get S$100 worth of Grab OR NTUC Vouchers. Application must be approved by 3 May 2018. Submit your (i)Contact Details and (ii)14-digit Reference Number on the Thank You Page upon completion at this link before 19 April 2018. T&Cs
      • S$1 = 1.1 KrisFlyer miles (Local)
      • S$1 = 2 KrisFlyer miles (foreign currency spent Overseas) during June and December and for purchases made at singaporeair.com, silkair.com KrisShop and SilkAir SkyShop, both in-flight and online
      • S$1 = 3.1 KrisFlyer miles for Grab and Uber rides, capped at S$200 per month
      • Receive bonus 7,000 bonus KrisFlyer miles when you first charge to your card
      • Get an additional 7,500 bonus KrisFlyer miles when you spend S$2,500 within 3 months of card approval
      • Get S$150 cashback for use on your next purchase on singaporeair.com when you spend S$12,000 on your Card from now till 30 June 2018
      • Enjoy free Travel Inconvenience & Travel Accident Benefits of up to S$350,000 when you purchase your travel tickets with you card

      If your income is higher, go for the KrisFlyer Ascend.

      American Express Singapore Airlines KrisFlyer Ascend Credit Card

      American Express Singapore Airlines KrisFlyer Ascend Credit Card


      Card Benefits

        • Apply through MoneySmart from 22 Mar - 19 Apr 2018 to get S$100 worth of Grab OR NTUC Vouchers. Application must be approved by 3 May 2018. Submit your (i)Contact Details and (ii)14-digit Reference Number on the Thank You Page upon completion at this link before 19 April 2018. T&Cs
        • 1.2 KrisFlyer Miles = S$1
        • 2 KrisFlyer Miles = S$1 in foreign currency spent overseas on eligible purchases in June & Dec
        • 3.2 KrisFlyer Miles = S$1 for Grab and Uber rides, capped at S$200 per month
        • Spend above S$15,000 on eligible purchases on singaporeair.com within first 12 months of Card approval and get upgraded to KrisFlyer Elite Gold Membership
        • Four complimentary lounge access to participating SATS Premier and Plaza Premium Lounge each year
        • Complimentary night's stay each year at one of over 90 participating Millennium Hotels and Resorts properties worldwide
        • Up to $1 million travel insurance coverage

         

        Alternatives to the Amex KrisFlyer card

        Aside from the AMEX KrisFlyer card, the Citi PremierMiles and DBS Altitude credit cards are great alternatives. They offer large welcome bonuses of 38,000 to 40,000 miles and Citi Miles/DBS Points never expire.

        DBS Altitude Visa Signature Card

        DBS Altitude Visa Signature Card


        Card Benefits

          • S$1 = 1.2 miles (Local spend)
          • S$1 = 2 miles (Overseas spend)
          • S$1 = 3 miles (Online flight & Hotel transactions)
          • 6 miles/S$1 spend at Expedia; 10 miles/S$1 spend at Kaligo
          • Get 10,000 Bonus Miles when you renew your annual membership
          • Enjoy 2 Complimentary Global Airport Lounge Access visits and get up to S$1 million travel accident insurance coverage for you and your family members
          Citi PremierMiles Visa Card

          Citi PremierMiles Visa Card


          Card Benefits

          • Get S$200 NTUC Fairprice OR CapitaLand Vouchers with Citibank!
          • S$1 = 1.2 Citi Miles on Local spend
          • S$1 = 2 Citi Miles on Foreign currency spend
          • Earn up to 7 Citi Miles per S$1 spent on Agoda.com/bonusmiles (valid till 31 Jul 2019), 3 Citi Miles per S$1 spent on Expedia.com.sg/bonusrewards (valid till 31 May 2019) and 10 Citi Miles per S$1 spent on Kaligo.com/bonus-miles (valid till 31 Dec 2019)
          • Citi Miles never expire
          • Priority Pass™ membership gives you access to more than 600 airport lounges twice a year
          • Complimentary Travel Accident Insurance up to S$1,000,000 coverage, Medical Assistance Programme and Travel Inconvenience Coverage

           

          Related articles

          Air Miles vs Cashback vs Rewards – Which is the Best Credit Card Type to Use?

          The 7 Best Air Miles Credit Cards in Singapore (2019)

          OCBC Finally Has an Air Miles Card! 5 Facts About the OCBC 90°N Card

          Earn KrisFlyer Miles Fast – 7 Best Krisflyer Miles Card Welcome Promotions in Singapore

           

           

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