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).
If you have held the Citibank PremierMiles Visa Credit Card for the last 6 months of longer, chances are that you would have received a targeted offer to earn (well, purchase) 31,200 miles for S$238 once S$9,000 (in local or equivalent foreign currency) has been charged to the card between 01 July 2017 and 31 August 2017. Registration is absolutely essential for this promotion.
The wait is finally over - Mileslife is now officially launched in Singapore to offer the opportunity to earn more miles on dining, lifestyle and travel spend. To celebrate this momentous occasion, it is offering 4X more miles (up to 20 miles per S$1) on all eligible transactions made on Mileslife. Remember these miles are accorded on top of whatever you earn from your credit cards so there is definitely a huge potential to rake up those miles for free flights on First Class and Business Class!
Uber has changed the way we get around on a day to day basis. While the train is the primary mode of transport for most Singaporeans, there are instances and occasions where a car ride makes a lot more sense because you are rushing for time or simply want a more comfortable journey. If you do use Uber on a very regular basis like me, there are a few things that you can do to save money on these rides - many of which do not require you to do much and simply take an additional second or two to save you money in the long run!
Using the right credit card that will earn you a lot of miles which you can then redeem for free flights is infinitely satisfying. While the HSBC Advance Platinum Visa Credit Card no longer offers 4 miles per dollar (it now offers up to 3.5% cashback) on local dining spend, there are various ways you can still earn a decent amount of miles when you use the right card and double-dip (or even triple-dip) with a number of other promotions! One easy way to do so in Singapore is to combine the use of Chope, Mileslife and the right credit card.
While we all know that the ANZ Travel Card has died a horrible death and that your accrued Travel$ will be converted into DBS Points, it has come to my attention recently that DBS has in fact provided a really good website detailing the upcoming changes and more importantly, what will happen to your existing points and credit card products.
As we mourned the death of various credit cards in the industry lately, I was surprised to find that the OCBC VOYAGE Card (which I covered in-depth HERE) has just been unveiled improved and enhanced travel and lifestyle benefits for cardholders. While I have previously mentioned that cardholders are already able to access a personal concierge service with the credit card, OCBC has just introduced a brand new medical triage service, enhanced travel perks, greater insurance coverage and new merchant partnerships that cardholders can take advantage of immediately.
As we bid farewell to Singapore's best credit card for miles earlier this month, the brand new HSBC Advance Credit Card while nowhere near as impressive as its predecessor, offers up to 3.5% cashback on all eligible purchases. With the proliferation of unlimited cashback cards in the market, this could be a strong contender in the cashback card market if you typically charge a fairly consistent range of expenses to your credit card each month.
The HSBC Advance Visa Platinum Credit Card is dead (for mile-chasers anyway) and it will become a cashback card soon - the 4 miles per dollar promotion will end officially on 31 May 2017 and you will only earn 1X (0.4 miles per dollar) Rewards point with eligible dollar spent in the month of June 2017. You will have to redeem all your Reward points by 31 August 2017 or they will be converted into cashback on 01 September 2017 at a 100 Reward points to $0.25 rate.
The new UOB Rewards portal is beautiful and it is a huge step-up from the older UOB Rewards Plus portal. While trying to redeem some KrisFlyer Miles however, I realised that the new portal only allows you to redeem up to a maximum of 9 units - obviously with a per-transaction fee of S$25, I would want to maximise the number of miles that I am redeeming for to suit my travel requirements.
In order to help everyone keep track of the discontinuation and extension of credit card promotions in Singapore, I will be posting a series of summaries every couple of months. These summaries will basically tell you which mile-related promotions have been extended and which credit cards to ditch - no I will not be tracking dining or shopping promotions.