Nov 29, 2013, 8:45 pm
Last edit by: sxc
This 2014 and prior thread is now closed. Please continue discussion here: Best Credit card conversion rate to Asiamiles (HK) - 2015
Best credit card conversion rate to Asiamiles (HK) - 2014 and prior
Dec 20, 2013, 7:22 am
#1486
Join Date: Mar 2009
Posts: 93
How often does Premiermiles card offer this conversion promotion? Or should I convert my miles now?
Dec 21, 2013, 12:16 am
#1488
Ambassador, Hong Kong and Macau
Join Date: May 2009
Location: HKG
Programs: Non-top tier Asia Miles member
Posts: 19,803
Citibank Premiermiles is a card that lets many HKers (e.g. on hongkongcard.com http://www.hongkongcard.com/forum/fo...hp?id=3938&p=1) to say "I'm earning miles but I'm paying no fees to the bank". It exemplifies a trait amongst HKers to avoid explicit costs rather than maximise net benefit*. So it's a very appealing product in HK.
But I like to think FTers know better. We learn to pay fees if the extra miles earned justify the fee. Premiermiles is not best AM earner in any category in my list.
* Another is minibonds.
But I like to think FTers know better. We learn to pay fees if the extra miles earned justify the fee. Premiermiles is not best AM earner in any category in my list.
* Another is minibonds.
I was at my mother's family's winter solstice dinner. Archetypical hongkie family (source of my mum's hongkie genes), with babies and seniors. I don't get along with them.
And it comes time to pay. My closest cousin (who I'm closer with) points to me, I look round the table and say "does anyone else have a dining offer to kill? SCB? Dah sing?"
The bill comes and a not-so-close cousin checks it. He then adds "let me pay it"
Since I've been given the privilege to pay the last few times I deferentially took a step back. I heard him mumble "no, not the reward card" and then hands another card to the waitress.
After the waitress takes his card away I asked "not that I want to object, but what card did you pay with and what offer is on it"
"oh, just my premiermiles."
"any special offers?"
"none"
"how much was the bill?"
"$5,320"
"Derrick, I have a card that has 8% cash back on dining. Can we use that card? I don't want to fight to pay, you can pay me back but 8% less"
"nah i they charged my card now"
"they can void card slips and charge another if you refuse to sign. I've done this before"
"nah i wanna shout"
(my other cousin) "we've split the $5,320 bill. Here you go Derrick"
Derrick takes the money
I'm enough steam coming out of my ears to cook the fish we just ate again. I just had a $450 cash rebate slip away.
I suppose if the bill included a line item "Impatient Hongkie charge: $450", he might go take off the waitress's head. It's not a matter of face as it is up north. But cash rebate? Nah, too complicated.
My impatient mother paid our share. I have no intention of cashing her back.
Long will citi pm reign over hongkie-land, unless citi does something to kill the golden hongkie goose. And god forbid me dining with anyone who uses it ever again.
Last edited by percysmith; Dec 21, 2013 at 7:29 am
Dec 21, 2013, 6:37 am
#1489
Join Date: Dec 2002
Location: Hong Kong
Posts: 2,172
Percy, Which card gives 8% rebate on dining? I am afraid I cannot follow the maths. Is it HSBC 6x? Or DBS Plat? Thank you!
Dec 21, 2013, 7:10 am
#1490
Ambassador, Hong Kong and Macau
Join Date: May 2009
Location: HKG
Programs: Non-top tier Asia Miles member
Posts: 19,803
https://www.sc.com/hk/promotion/cred...ning-15rebate/
http://www.hongkongcard.com/forum/fo...w.php?id=11482
Dec 21, 2013, 10:50 am
#1491
Suspended
Join Date: Dec 2012
Posts: 2,377
Note to self: Do not ever dine with percysmith in Hong Kong other than at the 6 CX lounges 
Dec 23, 2013, 7:33 am
#1492
Join Date: Nov 2008
Programs: SQ QPP1, HYATT DIA, SPG GOLD, HH GOLD, IHG GOLD
Posts: 656
Hmm....15% rebate on dining spending is quite an attractive offer. Just in time to know before my impending trip to HKG for a few days 
And yes, there will be dining appointments
And yes, there will be dining appointments
Dec 23, 2013, 9:16 pm
#1493
Ambassador, Hong Kong and Macau
Join Date: May 2009
Location: HKG
Programs: Non-top tier Asia Miles member
Posts: 19,803
15% is calculated as $900 rebate on $3,000 dining spend x 2 months.
But
You need to spend $5,500 x 2 months in order to qualify (which can include the $3,000 dining). Therefore, only 8.18%
Furthermore, if you only qualify on one phase you only get $300. Therefore, $300 / $5,500 = 5.45%
Dec 26, 2013, 11:26 pm
#1494
Join Date: Aug 2005
Location: US, CA, HK
Programs: UNITED 1P
Posts: 508
From experience, could anyone share how long it takes CCB to show the credit once HSBC billpayment sends the money across? Thanks a lot!
Dec 26, 2013, 11:30 pm
#1495
Ambassador, Hong Kong and Macau
Join Date: May 2009
Location: HKG
Programs: Non-top tier Asia Miles member
Posts: 19,803
Dec 27, 2013, 8:13 am
#1497
Join Date: Jan 2007
Location: HKG
Programs: BA Silver, MU Silver, Marriott Titanium, Hilton Diamond, Hyatt Globalist
Posts: 482
Converting HSBC points to miles
Could anyone confirm whether I need to pay HKD300 twice for converting both main and supp card points to main card's Asia Miles account?
Dec 27, 2013, 8:20 am
#1498
Join Date: Apr 2013
Programs: CX GO, SPG GO
Posts: 31
Depends on when you posted the payment. I just called up HSBC with the same issue.
Payment #1: Scheduled for 21 Dec (Sat), on the same day
Payment #2: Scheduled for 23 Dec (Mon), on Sat 21 Dec
Per the HSBC customer service associate I spoke to, both posted as scheduled, but I could not see the transactions via HSBC online banking until 0900 HKT on Tuesday 24 Dec.
Neither credit hit my CCB until Tuesday 24 Dec either.
This would've potentially caused some big issues had I waited until today to post the payments as I'd originally intended.
YMMV.
Payment #1: Scheduled for 21 Dec (Sat), on the same day
Payment #2: Scheduled for 23 Dec (Mon), on Sat 21 Dec
Per the HSBC customer service associate I spoke to, both posted as scheduled, but I could not see the transactions via HSBC online banking until 0900 HKT on Tuesday 24 Dec.
Neither credit hit my CCB until Tuesday 24 Dec either.
This would've potentially caused some big issues had I waited until today to post the payments as I'd originally intended.
YMMV.
Dec 27, 2013, 8:05 pm
#1499
Ambassador, Hong Kong and Macau
Join Date: May 2009
Location: HKG
Programs: Non-top tier Asia Miles member
Posts: 19,803
http://www.hsbc.com.hk/1/2/hk/banking/faq#Bill02
A2: What is the cut-off time for bill payment transactions?
The bill payment transaction can be made 24 hours if you choose to use your bank account for paying the bill. However, if you choose HSBC credit card as payment account, and the instruction is made before 4:30pm from Monday to Friday, the request will be processed within the same day. For instruction made after the above-mentioned time, the request will be processed on the next business day. The reference to "business day" means a day, other than a Saturday, Sunday or public holiday, on which banks are open for general business in Hong Kong.
A2: What is the cut-off time for bill payment transactions?
The bill payment transaction can be made 24 hours if you choose to use your bank account for paying the bill. However, if you choose HSBC credit card as payment account, and the instruction is made before 4:30pm from Monday to Friday, the request will be processed within the same day. For instruction made after the above-mentioned time, the request will be processed on the next business day. The reference to "business day" means a day, other than a Saturday, Sunday or public holiday, on which banks are open for general business in Hong Kong.
Last edited by percysmith; Dec 27, 2013 at 8:20 pm
Dec 29, 2013, 8:49 am
#1500
Join Date: Apr 2013
Programs: CX GO, SPG GO
Posts: 31
http://www.hsbc.com.hk/1/2/hk/banking/faq#Bill02
A2: What is the cut-off time for bill payment transactions?
The bill payment transaction can be made 24 hours if you choose to use your bank account for paying the bill. However, if you choose HSBC credit card as payment account, and the instruction is made before 4:30pm from Monday to Friday, the request will be processed within the same day. For instruction made after the above-mentioned time, the request will be processed on the next business day. The reference to "business day" means a day, other than a Saturday, Sunday or public holiday, on which banks are open for general business in Hong Kong.
A2: What is the cut-off time for bill payment transactions?
The bill payment transaction can be made 24 hours if you choose to use your bank account for paying the bill. However, if you choose HSBC credit card as payment account, and the instruction is made before 4:30pm from Monday to Friday, the request will be processed within the same day. For instruction made after the above-mentioned time, the request will be processed on the next business day. The reference to "business day" means a day, other than a Saturday, Sunday or public holiday, on which banks are open for general business in Hong Kong.
The monkeywrench is that the CSA insisted that the Saturday payment was executed and posted on Saturday.