Back in January 2023, Singapore Airlines launched a new redemption option for the KrisFlyer miles programme, upgrading a longstanding one-way Bonvoy link into a two-way transfer partnership.

That means it’s been possible to transfer your KrisFlyer miles into Bonvoy points, as well as in the (more longstanding) Bonvoy to KrisFlyer direction, for the last three years or so.

The downside? The transfer ratio was lousy, with transfers to Bonvoy ranking at the bottom of our chart of ‘cash-out’ value for your miles stash ever since.

Now, there’s some good news.

Transfer ratio enhanced

For the last three years, you’ll have picked up just 1 Marriott Bonvoy point for every 2 Singapore Airlines KrisFlyer miles you convert, with a minimum transfer of 3,000 miles and an annual cap of 180,000 miles transferred in a calendar year.

Problem is, that was really bad value.

General consensus is that Marriott Bonvoy points are worth around 0.7 to 0.8 US cents each, or around 0.9 to 1.0 Singapore cents, after a shift to dynamic pricing way back in 2022.

Now the situation is being somewhat addressed, with a 50% hike in the permanent transfer rate taking effect for transfers made from 1st April 2026.

Transfer Ratio KrisFlyer miles    Bonvoy points 2 : 1 4 : 3 (from 1 Apr ’26)

You’ll now be able to convert a minimum of 3,000 KrisFlyer miles into 2,250 Marriott Bonvoy points (previously 1,500 Bonvoy points), but remember to wait until 1st April 2026 to do so – transfers made in the next few days will still get the current rates!

Transfers above 3,000 miles can be made in single-mile increments, and the annual upper conversion cap will be lifted from 180,000 KrisFlyer miles to 250,000 miles (1 Jan – 31 Dec).

It also remains possible to transfer your Marriott Bonvoy points to KrisFlyer miles at a 3:1 ratio, a longstanding option that’s unfortunately not seeing any hike here.

You can also transfer Singapore credit card points to Marriott Bonvoy from the following banks:

• American Express (1:1)
• HSBC (2.5:1)
• OCBC (2.5:1)

Is it now worth it?

Sadly, still probably not.

The new rate means you would be cashing out your KrisFlyer miles at around 0.75 cents each with a transfer at this improved 3:2 ratio, though that’s a big improvement on the 0.50 cents that currently applies till 31st March 2026.

For reference, you can typically buy Bonvoy points for 0.8 to 1 US cent in one of the programme’s regular purchase bonus sales.

Here’s how the latest transfer ratio looks against the other options, if your miles are expiring.

Redemption value for KrisFlyer miles
(from 1 Apr ’26)

Option	Min. Transfer	Value per mile
Redeem an SIA, Scoot or partner award flight	1,500	1.90¢+
Offset an SIA or Scoot cash fare	1,000	1.00¢
Transfer to Kris+	10	1.00¢
Transfer to Velocity points	5,000	1.00¢
Offset a KrisShop purchase	1,000	1.00¢
Redeem a Pelago experience	1,000	1.00¢
Redeem a vRooms hotel stay	1,200	0.80¢
Transfer to Marriott Bonvoy (from 1 Apr ’26)	3,000	0.75¢
Transfer to CapitaStar	3,000	0.71¢
Transfer to Shangri-La points	20,000	0.71¢
Transfer to yuu Points	2,000	0.66¢
Transfer to Accor Live Limitless	4,500	0.66¢
Transfer to LinkPoints	3,000	0.60¢
Transfer to Esso Smiles	3,000	0.47¢ to 0.67¢
Transfer to Marriott Bonvoy (till 31 Mar ’26)	3,000	0.50¢

Back in June 2025 Singapore Airlines enhanced its cash-out rates for KrisFlyer miles to 1 cent across all its internal platforms like Kris+, KrisShop, Pelago and cash offset on its own flights.

Since then, transfers to other partners including Marriott Bonvoy haven’t made as much sense for most Singapore-based members, who can easily extract better cash value from these alternatives, assuming a flight redemption is not possible and miles are expiring.

Even a transfer to KrisPay miles in the Kris+ app will get you 1 cent per mile valuation against future purchases at a wide range of stores across the Lion City.

That said, it is possible to get better value from Bonvoy points in some circumstances, so a conversion may still make sense for you at this new rate, if the return you can achieve is 35%+ better than the ‘basic’ valuation.

How to transfer

To transfer your KrisFlyer miles to Marriott Bonvoy points, log on via the desktop site, then go to Profile > Partner Programmes.

Unlike with some other partners, there is no need to link your Marriott Bonvoy account and KrisFlyer account prior to making a transfer.

Simply click ‘Convert your miles’ then scroll down to ‘Other redemption options’ and click the Marriott Bonvoy link.

Then simply complete the conversion form, including your Marriott Bonvoy account number.

You’ll need to ensure that the name on your KrisFlyer and Marriott Bonvoy membership accounts match, in order for the transfer to be successful.

Remember to only make your conversions from 1st April 2026, when the new transfer ratio kicks in.

When Singapore Airlines made its KrisFlyer – Marriott Bonvoy partnership two-way in 2023, the 2:1 transfer ratio that exists to this day was frankly the lousiest in its increasingly competitive range of options when cashing out your miles.

The good news is this is finally being addressed some four years later, with a 50% hike in the number of Bonvoy points you’ll get for a conversion, improving value to around 0.75 cents per KrisFlyer mile redeemed.

Nonetheless, remember that converting your KrisFlyer miles to be used as a cash equivalent is never good value, with a flight redemption especially in First or Business Class almost always giving you the best option.

Even cash-out options for those with an expiring stash, like offsetting the cost of a Singapore Airlines cash ticket or cashing out via the Kris+ programme at 1 cent per mile, are superior options.

(Cover Photo: Marriott International)