Credit Cards Deals KrisFlyer Singapore Airlines

Up to 20% bonus when you convert credit card points to KrisFlyer miles

Convert your credit card points to the KrisFlyer programme between now and 27 December for a 15-20% bonus on the usual rate.

Singapore Airlines has launched an ‘Earn more, experience more’ bonus conversion offer from partner credit card points into KrisFlyer miles, with a 15-20% hike on the usual transfer ratios, potentially making this a good time to shift some of your accumulated balance into miles.

(Image: Singapore Airlines)

While there are some drawbacks, these kind of bonuses are rare for the programme and we think many of you will want to take at least partial advantage, given some of the inevitably high points balances accrued while travel has been close to impossible over the last eight months.

The offer

Simply make a transfer of at least 10,000 KrisFlyer miles (per individual conversion) between 16th November 2020 and 27th December 2020 and KrisFlyer will add a 15% or 20% bonus to your usual transfer amount.

Don’t forget the lead time! Transfers must be successfully completed by 27th December 2020 to be eligible, so remember to factor in the lead time for bank points to miles conversions. Typically this can take up to one week, though some banks are faster.

Before you get too excited, For most of our readers transferring points from a Singapore credit card account, the bonus is set at 15%.

All members are eligible, even if you’re brand new to the KrisFlyer programme. There is no upper cap, and the offer applies to points transferred from the following banks in Singapore:

 

The exception is for automatic transfers from KrisFlyer co-brand cards including the KrisFlyer UOB credit card and Singapore Airlines American Express credit cards, which will not receive a bonus.

That’s a shame but it’s not a huge deal as these transfers are only for your month-by-month spend anyway, whereas you’re much more likely to have a large credit cards points stash accumulated with a card account in one of the above banks.

The bonus is applicable for all your eligible card transfers, so you could make several separate transfers (of at least 10,000 KrisFlyer miles each) from different card accounts and still receive the applicable bonus credit for all of them.

Bonus miles will be credited at the same time as your regular miles deposit, which varies depending on the bank’s lead time. The bonus is shown as a separate credit from your main transfer bonus.

It probably goes without saying, but past transfers credited to your KrisFlyer account on or before 23:59 on 15th November 2020 won’t be eligible for the offer.

Kris+ is included

A 15% bonus also applies when transferring any valid number of miles instantly through Kris+ from its bank partners DBS or UOB (unfortunately you can’t transfer other KrisPay miles to KrisFlyer through the Kris+ app, even with this promo).

Bear in mind, however, this method already came at a 15% disadvantage anyway. That means unless you need the miles instantly, or have a small level of ‘orphan’ points, it’s still better to make a regular transfer from these banks.

Minimum transfer volumes via Kris+:

  • DBS Points > KrisFlyer: 100 DBS Points > 170 196 miles
  • UOB UNI$ > KrisFlyer: 1,000 UNI$ > 1,700 1,955 miles

Note how you aren’t quite outweighing the usual 15% hit on these transfers by using Kris+ with this promotion (a 15% bonus only brings you back to 97.8% of something that was initially 15% worse). You’d need a 17.6% bonus to overcome the original impact.

The only other benefit of Kris+, apart from the instant nature of the transfer and no minimum, is that it’s fee-free, though that shouldn’t outweigh the poorer transfer ratio in the first place for a decent transfer quantity.

Overseas banks (some with 20% bonus)

For our overseas readers, do note that transfers from credit card points like Capital One in the USA and Westpac in Australia are also included in the offer. Click here for a full list of participating partner banks.

If you’re in Brunei, Hong Kong or Indonesia, there’s a 20% bonus offer when you transfer from specific banks:

  • Baiduri Bank (Brunei)
  • Bank Danamon (Indonesia)
  • Bank Central Asia (Indonesia)
  • DBS Bank* (Hong Kong)
  • Maybank (Indonesia)

* First 10,000 DBS Points transferred only, thereafter a 15% bonus applies.

Example

Here’s an example of how it would work for some popularly held Citi credit cards in Singapore, with a 15% bonus applicable, per transfer block converted into KrisFlyer:

Cards Transfer Ratio
Citi Miles 10,000 10,000
11,500


Citi ThankYou Points

25,000 10,000
11,500

Transfers from each of your Citi credit cards to KrisFlyer cost S$26.75, regardless of the number of blocks you are converting.

Bear in mind though that if you are holding multiple cards, for example the PremierMiles and one of the Citi Rewards cards, you’ll be hit with the conversion fee for each one, as the points balances do not pool between your card accounts.

  You may lose flexibility

Transfers from bank points to miles are strictly one-way, so by taking advantage of this bonus you will be restricting yourself to the KrisFlyer programme for future redemptions using the miles transferred under this offer.

With some banks that’s less of a big deal than for others (OCBC, for example, only allows transfers into KrisFlyer, so why not right?).

If you’re a Citi customer for example, with a large volume of Citi Miles or ThankYou Points, it’s a different story. You can transfer those into 11 different frequent flyer programmes, with options across all three major alliances plus Etihad Guest, which has a good ‘mini-alliance’ of its own.

    AMEXtrans BOCtrans2 CITItrans DBStrans2 HSBCtrans2 MAYBANKtrans2 OCBCtrans2 SCtrans2 UOBtrans2
Star Alliance Star KF Logo trans
BR            
TKtrans                
TGtrans              
MMtrans                
UAnewtrans                
oneworld AM Logo trans    
AVIOStrans              
MHtrans            
QRtrans              
QFF          
SkyTeam Circle CItrans                
AFKLtrans              
Others Circle EYtrans              
EKtrans              

By transferring a large volume of your miles into KrisFlyer, you may also be exposing yourself to any potential future devaluations in the programme before you get chance to use them.

Keeping your miles at the bank side, especially with Citi, protects you against this since you can then opt to transfer into a range of other programmes instead if you wish (on the basis they won’t all devalue at the same time!).

Keeping your miles at the bank side can open up some opportunities that KrisFlyer doesn’t allow, like Qsuite redemptions. (Photo: Qatar Airways)

That said, the vast majority of our readers still only earn and burn KrisFlyer miles given SIA’s extensive point-to-point flying network from Changi, and any future devaluation probably wouldn’t exceed 15-20% anyway (don’t hold us to that though!).

  The expiry clock will start ticking

One major concern for many of our readers, especially during these uncertain times, will be the potential expiry of miles. Once you’ve transferred into KrisFlyer, the miles will be set to expire three years later.

KrisFlyer Miles Expiry A member’s KrisFlyer miles will expire after three years at the end of the equivalent month in which they were earned. For example, miles credited to a member’s KrisFlyer account in December 2020 will expire on 31st December 2023.

Since this offer runs until 27th December (23:59 Singapore Time), there’s almost no sense in converting your points now. Do so on or after 1st December and you’ll get an extra month of validity, which doesn’t sound much but could make all the difference three years from now.

Note that PPS Club members don’t need to worry about KrisFlyer miles expiry, since their miles never expire as long as they retain PPS Club status.

Summary

A nice offer for those of you who’ve been accumulating miles on your credit cards but have been holding off making a frequent flyer programme transfer, with 15% (and for some readers up to 20%) more miles than usual when converting to KrisFlyer.

A 15% transfer bonus could effectively mean heading to Bali on a saver Business Class award for the equivalent credit card points that would normally net you only 16,500 miles. (Photo: MainlyMiles)

This does commit you to the programme somewhat, with a potential risk of future devaluation and the 3-year fixed miles expiry window to consider before you commit.

Personally we’ll take this opportunity to move some of our credit card points into the KrisFlyer programme to benefit from the bonus, but we’ll split the risk by retaining some at the bank side too, so all is not lost in a domesday scenario.

Remember if you are going to transfer, do so on or after 1st December 2020 to give yourself an extra expiry month, but don’t leave it too late since you’ll have to account for the bank to KrisFlyer lead time too (deadline 27th December 2020).

Full terms and conditions plus a list of frequently asked questions are available at the offer page here.

(Cover Image: Singapore Airlines)

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