Connect with us

Credit Cards

Beginners Guide To Credit Card Air Miles In Singapore

Do free airline tickets sound good to you? Here’s a beginners’ introduction to what airline miles are and how they work.

 

Travel is an important part of many Singaporeans’ lifestyle. In fact, Singaporeans take  more than 5 overseas vacations a year on average. It is no wonder that an increasingly popular perk among credit cards is the opportunity to earn “miles” that you can use to redeem free air tickets.

Here’s a beginners’ introduction to what airline miles are and how they work, so you can decide whether a credit card that offers miles as a perk is valuable to you.

Read Also: Miles Or CashBack? Which Type Of Credit Cards Should You Go For In Singapore?

What Are Airline Miles?

Airline miles are basically a loyalty programme run by airlines to reward travellers who commute using their airline (or partner airlines under the same loyalty programme).

After signing up to an airline miles programme, you can start to accumulate miles whenever you buy a ticket.

As a perk, credit card companies also allow you to earn miles when you sign up or make purchases using your credit card. Some credit cards let you earn points, which you can then choose to convert to the specific airline miles of your choice. We’ll touch more on that in the next section.

Once you’ve accumulated enough airline miles, you can use these miles on plane tickets.

Contrary to their name, you do not actually earn 1 airline mile for each mile you fly. The amount of miles you earn depend on the class of your ticket (economy class earns you significantly lesser miles) and other factors. You can refer to your selected miles programme website for more details.

Read Also: Miles Aren’t Free For Credit Card Companies. Here’s How Much They’re Paying Airlines For It

Different Types Of Air Miles In Singapore

As mentioned earlier, different airlines run their own airline miles programme. In Singapore, two of the largest airline miles programmes are KrisFlyer and Asia Miles.

KrisFlyer: Anchored by Singapore’s flag carrier Singapore Airlines, KrisFlyer is by far the most popular frequent flyer programme in Singapore. Other airlines under the KrisFlyer programme include SilkAir, Scoot and airlines under Star Alliance, such as ANA, United Airlines, Lufthansa and Thai Airways.

Asia Miles:  Cathay Pacific, Asia Miles is the next more popular airline miles programme, which has partner airlines under the OneWorld alliance including British Airways, Japan Airlines, Qantas, Qatar Airways, American Airlines, and Malaysia Airlines.

November 2018 Promotion: Receive Exclusive Cash And Vouchers For Signing Up For Credit Cards

How Do You Accumulate And Earn Airline Miles?

After setting up an account with an airlines miles programme of your choice, you should always remember to enter your account number when purchasing airline tickets. Since you can’t transfer your miles to someone else, you might want to consolidate all your airline miles if possible.

Contrary to their name, you do not actually earn 1 airline mile for each mile you fly. The amount of miles you earn depend on the class of your ticket (economy class earns you significantly lesser miles) and other factors. You can refer to your selected miles programme website for more details.

You’ll also earn points or miles from your credit card company on selected spending categories.

Once you’ve accumulated enough miles, you login to your miles programme and search for a flights that you’re eligible to spend your miles on and book your ‘free’ ticket!

You should also know that miles may have an expiry, especially bonus miles you receive when you first apply for a credit card.

Read Also: Already A Frequent Forex Or CFD Trader? You Can Now Earn KrisFlyer Miles When You Start Trading

Welcome To The World Of Airline Miles Hacking

The world of hacking credit card miles is deep and fascinating, with many individuals and communities dedicated to sharing tips, techniques and deals to earn the most amount of miles and spend them in the best possible way. Website like MileLion is dedicated to that mission and is a great place to start your mile-hacking journey.

End-Of-Year SingSaver Credit Card Promotion Till 30 November 2018

If you are looking to sign up for a credit card for your end-of-year shopping trips or overseas holidays, SingSaver has a wide range of cards that you can choose from. From now till 30 November 2018, if you apply for a credit card through SingSaver, you can receive additional reward for every successful application.

You can choose credits cards from American Express, UOB, Citibank and many others. Do note, you must apply for your credit card(s) and complete your redemption form to qualify for the additional rewards.

American Express

For every successful American Express credit card sign up, you will receive$150 in cash from SingSaver. These are the eligible American Express cards. Click on the link below to sign up through SingSaver.

  1. American Express Singapore Airline Krisflyer Card ($150 cash voucher)
  2. American Express True Cashback Card ($150 cash voucher)
  3. American Express Krisflyer Ascend Card ($150 cash voucher)
  4. American Express Capitacard ($100 cash voucher)

UOB

For every successful UOB credit card sign up, you will receive $50 in cash from SingSaver. These are the eligible UOB cards.Click on the link below to sign up through SingSaver.

  1. UOB One Card ($50 cash voucher)
  2. UOB YOLO ($50 cash voucher)
  3. UOB Delight Credit Card ($50 cash voucher)
  4. UOB PRVI Miles Card ($50 cash voucher)

For every successful Citibank Card sign up (New Citi Customers Only), you will receive $200 in NTUC, Takashimaya or Grab Voucher from SingSaver. For existing customers, you will receive $50 in NTUC Voucher.

Citibank

These are the eligible Citibank cards. You can click on the link below to sign up through SingSaver.

  1. Citi Cashback
  2. Citi PremierMiles
  3. Citi Reward
  4. Citi SMRT Card

For the full list of credit cards promotion including cards offered by HSBC, OCBC and Standard Chartered, you can check out the SingSaver website.

The above rewards are a SingSaver exclusive deal and you must apply for these cards through SingSaver AND complete the redemption form in order to qualify for them. Promotion ends 30 November 2018. Terms and conditions apply.

Please refer to the graphics below on the steps required to apply for your credit and to redeem your promotion.

DollarsAndSense.sg aims to provide interesting, bite-sized and relevant financial articles.

Learn together with like-minded Singaporeans at the Personal Finance Discussion SG Facebook Group by discussing a range of personal finance topics.

If you have not done so, subscribe to our free e-newsletter to receive exclusive content not available anywhere else.