Three weeks ago Standard Chartered offered a 100% bonus on transfers to Emirates Skywards miles from its Rewards Points, and this week the bank has its second such bonus offer – for transfer to ALL (Accor Live Limitless) points.
This is the first time the bank has offered a bonus promotion for transfers to a hotel loyalty programme. As you can see from our credit card transfer partners page here, Standard Chartered points can be converted into IHG Rewards Club and ALL points, in addition to a range of frequent flyer programmes.
From 16th March 2020 to 29th March 2020, any transfers made from your Standard Chartered Rewards Points into the Accor scheme will get you twice as many points compared to usual, with the 5:1 transfer ratio switching to the more common 2.5:1 we see with the better airline programmes like KrisFlyer.
Standard Chartered rewards points transfer into KrisFlyer miles at a 2.5:1 ratio.
The offer is advertised for X Card holders, but that’s simply not true. Any Standard Chartered card awarding 360 Rewards Points, including the SCVI card, has points between them pooled for redemptions across any of the multiple partner loyalty programmes.
That means you can also convert your SCVI points to ALL at the 3,500:1,400 (5:1) ratio if you wish.
Accor Live Limitless
Unlike many hotel loyalty programmes, Accor’s ALL points work on a simple ‘cashback’ basis with a fixed value of approximately 3 Singapore cents per point.
That means there are no real ‘sweet spots’ in the scheme, since there is no published award chart. The points are simply giving you money off a hotel stay, however given that under this offer you’re converting at exactly the same ratio as you would be to KrisFlyer miles, this looks like a potentially attractive deal.
We value KrisFlyer miles at 1.9 cents each, and tend to achieve around 2.4 cents per mile when redeeming (against some pretty conservative valuation criteria).
Given that this offer is guaranteeing you 3 cents per point off a potential future hotel stay – it may well be of interest, even with hotel prices reducing due to the ongoing coronavirus situation (since with ALL points, you’re saving a fixed amount per point off the room rate, even with discounted offers).
While moving your Standard Chartered Rewards Points to ALL is never usually great value – giving you 1.5 cents per point in the hotel scheme when you can easily achieve more than that with KrisFlyer miles – this 100% bonus offer really brings it into play.
Will you be transferring your Standard Chartered Rewards points into ALL points? Let us know in the comments section below.
(Cover Photo: Accor)