Is it that last year they use a promotion to cover up the change of their reward scheme also ?
So the updated conversion per spending will be
SCB AMEX
Oversea : HKD 2.5 to 1 AM
Local: HKD 7.5 to 1 AM (HKD 3.75 to 1 AM during promotion)
After Change, compare with DBS Black for Oversea transaction (let's forget local trans for SCB Amex and use DBS Black)
HKD300 handling is regardless of miles converted
SCB : 50K HKD Spending = 300K Bonus Point = 20K AM + 300 Service Fee
DBS Black: 50K HKD Spending = 200K Bonus Point = 16.6K AM + No Service Fee
So for 300 HKD you get 3333 AM more (as a medicore oversea spender), 1 HKD to 10 AM
that's still bit better than Asiamiles top-up (1 HKD to 4 AM) but well seems not a good choice...
Bye Bye SCB Amex
Last edited by ChrisLi; Nov 13, 2009 at 12:32 am