Best credit card coversion rate to Asiamiles in 2009? (For FTers based in HK)

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Jan 12, 2012, 7:16 pm

#1456

percysmith

Ambassador, Hong Kong and Macau

Join Date: May 2009

Location: HKG

Programs: Non-top tier Asia Miles member

Posts: 19,807

Quote:

Originally Posted by kaka

yes and if you have chosen lifestyle as your selected category(for HSBC), any HKD purchases in CX HK will get you 5x bonus.

PS. sorry guys i wanted to start off a new thread for 2012 but i've been too lazy to do so... so lets get stay put here - unless i can pull sth off during the CNY break

We've no new miles-relevant offers over CNY (except CCB but due to its complexity I have not put it up).

Shall we make new thread headed by the best earn rate http://www.flyertalk.com/forum/catha...hk-10.html#144 and http://www.flyertalk.com/forum/catha...hk-49.html#734 best welcome offer posts?

Jan 21, 2012, 5:55 am

#1457

percysmith

Ambassador, Hong Kong and Macau

Join Date: May 2009

Location: HKG

Programs: Non-top tier Asia Miles member

Posts: 19,807

Quote:

Originally Posted by percysmith

http://www.bankcomm.com.hk/mediafile...f_10104_en.pdf

You can choose to receive the bonus 2X either in points or in miles.

Bonus 2X rounded down to nearest $3,000 if miles, no rounding down for points.

Platinum Visa and Diamond Unionpay both OK.

If Diamond Unionpay:
Basic 1X: $8/mile
2X for $300 or over in HK: $4/mile

Extra 2X for promotion (edit 4 Sep: to be awarded in Jan 2012): $6/mile
Total promotional rate: 1/(1/8x2 + 1/12x2) = $2.4/mile)

Edit 4 Sep: Oh pooh. Just noticed an onerous T&C:

http://www.bankcomm.com.hk/mediafile..._en.pdf#page=3

Oh boo....this means it'll be too late for the $8/mile redemption.
The effective earn rate will be 1/(1/8x2 + 1/12x2) = $2.4/mile.

The additional 2X showed up in my account today in full, but I haven't checked my Bankcomm account for 10 days so it could have arrived any day in the last 10 days.

Spent $26,460 which earned me 52,920 additional pts which is good for 4,410 miles...had I gone for $3,000/500 miles I would have only gotten 4,000 miles.

Jan 27, 2012, 5:15 am

#1458

percysmith

Ambassador, Hong Kong and Macau

Join Date: May 2009

Location: HKG

Programs: Non-top tier Asia Miles member

Posts: 19,807

Quote:

Originally Posted by percysmith

http://www.hkbea.com/hk/pb/cc/latest...n_16/index.htm

Self explanatory. But some offer maximisation details:

- if u have more than one BEA principle care (I've three) u can enjoy the offer multiple times

- unlike Dah Sing lucky draws (but like the Goodies Reward) u can use as many cards as u like/need to pay one tax bill

10,000 points posted yesterday in all three of my accounts on 26 Jan http://www.hkbea.com/FileManager/EN/...e_bill_tax.pdf. $20 cash rebate not shown up yet.

Edit 28/1: $20 posted today as well to all three accounts.

Last edited by percysmith; Jan 27, 2012 at 8:05 pm

Mar 8, 2012, 12:11 am

#1459

Marchfly

Join Date: Mar 2012

Posts: 1

Hello to you all,

I'm a noob and both impressed by your understanding and a bit bewildered by the options available after reading back through the thread.

I'm wondering if you might like to offer a bit of free advice?

I'm looking for a card that earns the best conversion possible to Asia Miles, as I don't have any real interest in free offers/shopping deals/cash back.
The spend runs at about 30K a month.
About two-thirds of the spend is in HK.
I have access to commercial (SME) and retail banking - if that makes any difference.
If the card could be used to settle staff salaries, PayPal, personal investments and still earn points, that would increase the monthly spend substantially.

I'd be grateful if you had any suggestions.

Cheers

Mar 8, 2012, 12:40 am

#1460

percysmith

Ambassador, Hong Kong and Macau

Join Date: May 2009

Location: HKG

Programs: Non-top tier Asia Miles member

Posts: 19,807

Quote:

Originally Posted by Marchfly

I'm looking for a card that earns the best conversion possible to Asia Miles, as I don't have any real interest in free offers/shopping deals/cash back.
The spend runs at about 30K a month.
About two-thirds of the spend is in HK.
I have access to commercial (SME) and retail banking - if that makes any difference.
If the card could be used to settle staff salaries, PayPal, personal investments and still earn points, that would increase the monthly spend substantially.

I'd be grateful if you had any suggestions.

Cheers

I wrote an answer in http://www.flyertalk.com/forum/catha...l#post18158198

Mar 8, 2012, 4:27 am

#1461

IncyWincy

Join Date: Dec 2002

Location: Hong Kong

Posts: 2,172

Dbs eminent card

Does anyone know if this card continues after March? Thanks.

Jan 1, 2014, 11:57 pm

#1462

Cdubbyou

Join Date: Jun 2013

Posts: 19

Earning miles on tax via CCB Dual Currency and HSBC @ 16.67/mile

Dear Percysmith,

This is a definitely an awesome earn strategy....

I just applied for the HSBC Plat Visa card. Can you confirm which spending category I need to choose, please?

thanks again.