Using Chope is a great way to secure restaurant reservations in Singapore as well as major cities nearby like Bali, Bangkok, Beijing, Hong Kong, Jakarta, Phuket and Shanghai. I have written about the opportunity to stack promotions on Mileslife and eligible credit cards previously and even though Chope has always allowed you to redeem Chope-Dollars for free restaurant vouchers or Chope Gift Cards, it has only added the option to redeem your Chope-Dollars for KrisFlyer miles from 10 November 2017.
If you are curious to find out how Chope can easily benefit you, check out my previous article on some of the benefits of using Chope. As you may already know, regular Chope users will get 100 Chope-Dollars per fulfilled reservation - you actually do have to show up in order to earn your Chope-Dollars. Using Chope is completely free and not only does not guarantee that you will have a table at the restaurant you are keen on eating in, it also gives you a better chance at a better seating area or table.
|Required Chope-Dollars||Redemption Option||Value per Reservation|
|1,200||1,000 KrisFlyer Miles||?|
Redeeming your Chope-Dollars start from just 400 (which you can get with just four fulfilled reservation) and this will give you a S$10 at any participating restaurant that you may select from. Alternatively, you may also redeem your Chope-Dollars for a Chope Gift Card and that actually gives you more bang for your buck since you will then be able to purchase restaurant vouchers on the Chope shop for very little money. What is even more interesting however is that Chope users are now given the option to redeem 1,200 Chope-Dollars for 1,000 KrisFlyer Miles.
Using the maximum valuation of Chope-Dollars, 1,200 Chope-Dollars is worth approximately S$36 in Chope Vouchers. Therefore, for the sake of comparison, the opportunity cost of redeeming KrisFlyer Miles is S$36 in Chope Vouchers. The cost of purchasing 1,000 KrisFlyer Miles is around S$20 (if you consider paying for the annual fee of selected credit cards) and even though the opportunity cost may seem comparatively larger, you can easily get over S$40 to S$50 value on flight redemptions on Business Class and First Class.
Let's put it this way, if you make and fulfil a Chope reservation each day for the rest of the year, you will be looking at 36,500 Chope-Dollars after a year - you will then be able to convert this into 30,000 KrisFlyer Miles which will take you from Singapore to Taipei (or Hong Kong) on Business Class for free! Sign-up for Chope now and earn 300 free Chope-Dollars with your very first fulfilled reservation (earn 100 free Chope-Dollars for all your subsequent reservations).