Get 500,000 Bonus Miles with OCBC Voyage Card - Targeted?

Now we all know that it is indeed possible to buy miles by paying the annual fee of certain credit cards in Singapore. The OCBC Voyage Card (which is made from a beautiful metal) has always given you 15,000 Voyage Miles (which you can convert into KrisFlyer Miles at 1:1 ratio) when you pay the annual fee of S$488. We are now seeing a targeted offer that allows you to basically purchase a whooping 500,000 Voyage Miles for a S$10,000 annual fee! 

 Get 500,000 Bonus Miles with OCBC Voyage Card | Photo Credit:  HWZ

Get 500,000 Bonus Miles with OCBC Voyage Card | Photo Credit: HWZ

Before we go any further, this 500,000 bonus miles offer (presumably targeted) was first seen on a popular internet forum and it is not officially publicised by OCBC themselves. There is however the second option of 150,000 bonus miles for S$3,210 - I personally think this is a great deal if you know exactly what you want to redeem for. As mentioned in an earlier article this week, it is possible to fly from Singapore to Hong Kong on Business Class (return trip) for 46,750 Miles + applicable taxes. Therefore you can think about buying 3 return tickets to Hong Kong on Business Class (SQ) for S$3,210 with some miles to spare - great deal considering how each return trip generally start from S$2,500. 

Buying Miles with OCBC Voyage Card
Option Bonus Miles Annual Fee Cost per 1K Miles
1 15,000 S$488 S$32.53
2 150,000 S$3,210 S$21.40
3 500,000 S$10,000 S$20.00

So what do you think? Would you be willing to pay S$10,000 for 500,000 bonus miles upfront?