When I got an email today notifying me that I am now able to enjoy 'complimentary rides with Citi points', I was interested - I knew it was going to be bad but I clicked on it anyway to find out how bad exactly could it be. If you have been reading all those articles I have written about earning miles, then you should know that it is not difficult to get S$50-100 worth of value from 1,000 Miles. This limited time promotion (until 07 November 2016) allows you to offset your Grab ride with a fixed redemption rate by utilising some of your precious miles and points.
I did pick up a nifty little trick from this EDM though - I did not know you could easily check on your existing points or miles balance by doing the following:
Send an SMS to 72484:
Enter "RWDSBAL<space>Last 4 Digits Of Your Cardnumber"
e.g. RWDSBAL 1234
Anyhow, the more important and interesting bit about The Grab Pay with Points Promotion is this:
The rate of conversion of Points/Miles is as follows:
every 360 Points = S$1.00
every 120 Miles = S$1.00
Apparently, after you charge a Grab ride to an eligible Citibank card, you will be given the option to offset the amount using the above conversion rates (via SMS). Let's put things into perspective - 360 Points will equate to 144 Miles and therefore if you REALLY have to do this, you are better off using your Citi Miles since it will cost you less. With that being said, taking the best case scenario, you are only getting S$8.33 value with every 1,000 Miles with this promotion (as compared to getting S$50 to S$100 value).
Do yourself a favour and stay clear from this promotion, and hey, you might as well do the following now:
To stop* receiving the Grab pay with points redemption message:
Send an SMS to 72484:
Enter "RWPWP<space>Last 4 Digits Of Your Cardnumber<space>GRABSTOP"
e.g. RWPWP 1234 GRABSTOP
*Please note that this is applicable only to the Grab pay with points/miles promotion ending on 7 November 2016. It will only apply to the card account submitted.
Here's a rare opportunity to get plenty of bang for your buck when you triple dip on promotions that are currently running. If you have been thinking about using your S$400 Lodging Credit from The Platinum Card or a staycation in Singapore, now might just be the best time for you to do it. As I have mentioned in my previous article on Fine Hotels & Resorts, the Shangri-La Hotel, Singapore is currently running a third night free offer and if you were to time it with Golden Circle's 8th Anniversary bonuses, you will be walking away with plenty of value for your stay.
If you are one of the lucky ones to have gotten a brand new Platinum Card from American Express (yes, I am referring to the metal ones!) then you should definitely consider using your S$400 Lodging Credit in conjunction with a Fine Hotels & Resorts (FHR) booking since this maximises the value out of that lodging credit (especially when you combine it with a third night free offer).
A number of years ago, I wrote about the Chillax benefit for American Express Platinum members when I held the American Express Platinum Credit Card. It has been slightly over two years since my last official credit card with American Express and I have only recently gotten the brand new metal Platinum Card. As such, I decided to revisit the list of merchants and I was pleasantly surprised at how little I had to do to get a free drink (usually it involves buying another).
Citibank has the most number of airline partners in which you can convert your Citi Miles into airline miles. From 01 October 2018 to 31 December 2018, cardholders of the Citi PremierMiles Visa card will be able to earn 2.4 (instead of 2.0) Citi Miles per Dollar on all eligible retail spend charged in a foreign currency other than SGD - this is 20% higher than what is usually offered to cardholders.
In conjunction with Infinite Journeys' second anniversary, Singapore Airlines as well as Shangri-La Hotels and Resorts are offering members double rewards between 04 October 2018 to 31 October 2018. The double rewards only affect point conversions between KrisFlyer Miles and Golden Circle (GC) Points (and vice versa) - all the other benefits (e.g. fast track to KrisFlyer Elite Gold) remain status quo at the time of writing.
It has been almost a year a half since OCBC 360 introduced any changes and this is set to change (again) from 01 November 2018. I have done multiple comparisons between this account and other competing products offered by other local banks in Singapore and the OCBC 360 is still the account that I have been sticking with throughout the years. From 01 November 2018, OCBC 360 will be introducing a new tier of bonus interest rates for balances between S$35,001 and S$70,000. While there is perhaps one negative change to the total bonus interest that one can get out of this account, it appears to be largely positive if you are currently maxing out the bonus with an average monthly balance of S$70,000.
As I have recently pointed out, the number of required IHG Rewards Club points for a reward night at the InterContinental Singapore Robertson Quay have fallen from 60,000 to 50,000. In addition to that, there is a new addition to the list of properties here in Singapore - the Holiday Inn Express Singapore Serangoon.
You have just gotten your brand new Platinum Card from American Express and after spending S$1,712 on the annual fee, it is understandable that you wish to get the most benefits out of it as soon as possible. Here are five benefits that you should activate immediately with rewards to your new Platinum Card from American Express!
One of the most unique perks of The Platinum Card here in Singapore is exclusive access to PLATINUM VIBES. This exclusive lounge for Centurion and Platinum members is located in Marina at Keppel Bay (above where Privé is) and the pop-up location serves food by Michelin Chefs from Saint Pierre (one Michelin star) and Shoukouwa (two Michelin star). Additionally, members will also be able to select from a curated wine list that been created exclusively for this venue by Park90, in partnership with Robert Parker Wine Advocate - you will find a list of over 100 wine labels (many of which are rated over PR90) that are available here at retail price.
A brand new suite of benefits for Platinum Card Members were announced late July this year and card members in Singapore are finally getting that beautiful sleek metal card that card members in the United States have held since 2017. For the sake of comparison, the annual fee of The Platinum Card in the US is US$550 (approximately S$760) but the annual fee here in Singapore is S$1,712 (approx. US$1,250) - at least two times more! I have always been a strong advocate for paying annual fees where it is due (on selected credit cards that actually give you something in return) but since you do not officially get any renewal miles with this card, I debated about getting it for a while. Finally, I caved in and decided to apply for The Platinum Card a few weeks ago and here's why I actually did it (but more importantly, why I decided that the S$1,712 annual fee was worth it).