UPDATE: 27 October 2015
Booking Hotels/Flights with Citibank ThankYou® Points
You can now make hotel and flight reservations using your Citibank ThankYou® Points but is it actually worth it? I had a quick look this morning and it seems like each Citibank ThankYou® Points are worth approximately 0.43 cents which means to offset S$1 on your hotel rate, you would have to contribute 233 Citibank ThankYou® Points.
To put things into perspective, 233 Citibank ThankYou® Points are be converted into 93.2 miles (based on current conversion rates). At the lowest end of the redemption rate, 93.2 miles is worth $0.932 (since 1,000 KrisFlyer Miles can offset S$10 on your SQ flight). Of course, if you are using these miles for Award Redemptions, they are worth a lot more.
All in all, you probably shouldn't use your Citibank ThankYou® Points for redemption. Assuming that you do earn 10 Citibank ThankYou® Points per S$1 for your bonus spend, redeeming this on hotels will give you a cashback of approximately 4.3%.
1000 Citibank ThankYou® Points = 400 Miles (approx. S$4.00 to $8.00) = Hotel Redemption (approx. $4.30)
If you do not already know this, Citibank Singapore made a silent change to their rewards portal over the weekends and the Citi Rewards Points and Citi Miles that you hold dear will now be translated into ThankYou® Points (in line with global standards) over time. While the value of your points and miles have not dropped overnight, Citibank Singapore has added a few new partners for points transfer (great news for travellers!).
You will find a list of Points Transfer Partners below - this is how much 1 Citi Mile is worth on the new program (bold partners are new inclusions):
Asia Miles™ - 1 Asia Miles for 1 mile
British Airways Executive Club - 1 Avios for 1 mile
Delta SkyMiles® - 1 Delta SkyMiles for 1 mile
EVA Air Infinity MileageLands - 1 Infinity MileageLands Miles for 1 mile
Etihad Guest - 1 Guest Miles for 1 mile
Flying Blue - 1 Flying Blue Award Miles for 1 mile
Garuda Indonesia Frequent Flyer - 1 Garuda Frequent Flyer Miles for 1 mile
Malaysia Airlines Enrich - 1 Enrich Miles for 1 mile
Qantas Frequent Flyer - 1 Qantas Points for 1 mile
Qatar Airways Privilege Club - 1 Qmiles for 1 mile
Singapore Airlines KrisFlyer - 1 KrisFlyer Miles for 1 mile
Thai Airways Royal Orchid Plus - 1 Royal Orchid Plus Miles for 1 mile
Club Carlson - 1 Gold Point for 1 mile
Hilton HHonors Worldwide - 1.5 HHonors Points for 1 mile
IHG Rewards Club - 1 IHG Reward Points for 1 mile
The use for Citi Miles on Hilton HHonors Points remain to be one of the must lucrative redemption option you can have - especially when you are looking to spend them on Category 1 or 2 properties (5,000 to 10,000 HHonors Points a night).
As part of The Great Singapore Airlines Getaway, American Express Cardholders who are amongst the first 1,000 to register for the following promotion will enjoy S$50 Statement Credit for simply spending S$1,500 on Singapore Airlines during September 2016.
If you follow The Shutterwhale on Facebook, you should have seen my rant this morning on the changes to the ANZ Travel Visa Signature Credit Card's unlimited Airport Lounge benefit that came into effect this morning. One of the last few benefits of this card used to be the unlimited access to Veloce lounges all over the world but now that has been taken away and been replaced with a conditional DragonPass access instead.
Even though I have had a terrible first experience with uberPOOL, it has improved ever since then and my trips seem to take only 10 minutes extra on average (which to me is very reasonable). Uber Singapore has just announced that uberX rides are now fixed rates so essentially what you see is what you pay - well the banks still charge a cross border fee of 0.8% (which is not controlled by Uber) so you still need to slap on that 0.8% fee to get what is being charged on your credit card statement.
I was reading the news earlier this morning and I chanced upon the newly released American Express Explorer Credit Card in Australia. Before anyone in Singapore gets super excited, we are not sure at this moment whether or not it will be made available to us here in the Lion City but just take a look at that card!
The Citibank Rewards Card is one of my favourite credit cards in Singapore - it offers up to 10X Rewards (equivalent to 4 miles per S$1) for up to S$12,000 each year. Yes, this means that the total number of bonus miles (10X) you can get each year from this card is 120,000 Citi Dollars (which converts into 48,000 Miles). To get around this problem, most of us hold both the Visa Signature and WORLD MasterCard versions to double this limit (you do have to charge them separately though). Between now and 31 October 2016, enjoy 20X Rewards (that's 8 miles per S$1) when you charge retail purchases on these two cards.
American Express is the Official Card Partner of the MICHELIN Guide Singapore and card members will be able to enjoy a suite of privileges. Between 22 July 2016 and 21 July 2017, purchase Singapore's very first The Michelin Guide Singapore 2016 at 50% off. In fact, selected card members will also be able to get the Guide before it goes on sale to the public.
In partnership with CapitaLand Mall Asia, CapitaLand, American Express has launched Singapore's only multi-mall loyalty credit card - the American Express CapitaCard. Back by CapitaLand's rewards programme CAPITASTAR, cardholders of CapitaCard will be able to enjoy the highest STAR$ earn rates in the market - these STAR$s can be redeemed for free CapitaVouchers and parking privileges in participating CapitaLand malls.
Earn up to 8 miles per dollar on all eligible bookings made on Expedia with your DBS Altitude Visa or American Express credit cards - registration is absolutely necessary in order to earn bonus miles. Read on for the summarised version of the terms and conditions - watch out as NOT ALL FLIGHTS WILL EARN YOU BONUS MILES.
While it is not uncommon for points to accrue on the principal cardholder's account when supplementary cardholders make eligible spend, it is quite rare for banks to allow cardholders to transfer points between two parties (especially when they are not directly related). Even though the benefits from the ANZ Travel Visa Signature Credit Card have been diluted over the years, it is still a pretty decent card to have when you consider everything else. Paying S$200 a year for 10,000 bonus Travel$ (which converts into 10,000 miles) is not necessarily a bad idea so long you know how to use your miles wisely. What a lot of people do not realise however is that it is actually possible to transfer your Travel$ to another ANZ Travel Visa Signature Credit Principal Cardholder.
Similar to one of the amazing perks that you get with the Citi Prestige Card, American Express is now offering a complimentary night at any participating PARKROYAL hotel around the world when you pay for two nights - that's right, you will get the third night for free! This offer is valid from 01 June 2016 to 31 August 2016 and you can benefit from this promotion for up to two complimentary nights per stay.