ernestnywang

I'm not sure how that promo works but most likely even if you sign up now the extra miles will not post until after end of year?

Visconti

Yeah, anyone with a good offer (mine expires on 12/31) should just apply for it. I've read of some offers out there for 70K or 75K bonus. Also, something relatively nuanced about this card is the 1.5 pts for *all* spending abroad, where most points cards absent of the forex fee are only 1:1 on non-bonus category expenditures.

ukinny2000

yeah, I applied and got approved last night, however the only offer I had was a relatively-paltry 40K. (I previously opened one a couple of years ago). Still worth it though IMHO

Fly Me To The Moon

In the "Asia Miles No Longer Expire" FAQ section of the Asia Miles website, there is a explanation on the difference between activity/transaction date and the crediting/debiting date. I wonder if this distinction now will eventually lead to the closing of the "loophole" that we can retroactively credit earned miles to a new membership year even though the flight was taken in the previous membership year?!

ernestnywang

Don't see how this is any different from the current system and why MPO would be affected.

Fly Me To The Moon

All I am saying is that, before, I have not found anywhere in the Asia Miles T&C which explicitly defines activity/transaction and crediting/debiting dates. I'm just wondering whether there is any significance in Asia Miles making these definitions so explicit now, and whether this will have any future consequences in the current system.

Would Asia Miles change the T&C to base retroactive credits of sectors and miles on activity date regardless of crediting date, if we now have two explicitly-stated definitions in the FAQ.

synthkeys

I'm veering off topic here but I've had this card from the beginning, when the bonus was something like 30K and I did use the card exclusively for international spending because of the 1.5x. But I moved on to the Capital One Spark Card for business since it's effectively 1.5x for Cathay Pacific on all foreign or domestic transactions and the bonus was 50K to start and up to 200K for meeting a certain spend threshold in the first 6 months. Yearly fee is the similar to the Synchrony card.

I'd hold off on the Synchrony CX card unless you got a really good offer. Now that asia miles are not expiring, maybe there be some good offers coming through next year to promote it.

IncyWincy

Is there clarity as to whether the US 40 renews the entire account's miles or just a small block?

Thank you.

garykung

I don't believe it has anything to do with banks. CX has more bargaining power than banks given CX/KA's market share in Hong Kong. Beside - many transfer AM last minute before usage. So the 3-year expiration policy barely affect anyone.

Instead - I would like to believe that this is a financial skill to improve CX's market cap by increasing the valuation of CX Loyalty Programs.

Unfortunately, when an airline pushes some nice changes, it usually comes with some bad one. Let's see what that devaluation would be.

percysmith

//Beside - many transfer AM last minute before usage.

Only if you a) have no fixed bonus point expiries, b) your banks don't charge conversion fees, and c) you don't waitlist.

(a) and (b) are not true for many HK banks
(c) is not true for many users

Besides, banks here take a week on average to convert.

//So the 3-year expiration policy barely affect anyone.

You don't know how many casual members I deal with. I just recommended someone redeem PNS coupons to exit a 12k AM position

//Instead - I would like to believe that this is a financial skill to improve CX's market cap by increasing the valuation of CX Loyalty Programs.

Only if CX is contemplating a spin off of AM. Paying Paul involves Robbing Peter here so I don't see how this improves CX's valuation as a consolidated entity.

ernestnywang

The co-brand cards convert automatically every month. In fact, I'm pretty sure CX charges these banks less for buying AM, as miles converted from co-brand cards are more likely to expire and can't go anywhere else.

garykung

ACAICT - there are only 2 cobrand partners - AMEX and SCB. But none of them provides the best reward structure.

I would rather get a DBS Black Card rather than the MPC/AM cobrand card.

ernestnywang

That may be the case for Hong Kong, but there are other CX co-brand cards in other countries and territories. I'm based in Taiwan and am very content with the Taishin co-brand card that gives me 1 mile per 5TWD (=6 miles per USD or 1 mile per 1.3HKD) on overseas off-line spending.

Btw, what does ACAICT mean?

jacobsleather

Seems its $40 per block of 2000 AM.

https://www.asiamiles.com/en/account...new-miles.html
It’s easy to extend the validity of your expiring Asia Miles and keep your miles going.
Please note that your renewals must be made in blocks of 2,000 Asia Miles at USD40 (online form) or USD100 (other channels) per block.

When I use this facility online, it still informs me that my miles will expire on 31st Dec 2022.

Unless there is some other place where it can be done?

sxc

The new rules don�t come into force until January so we can�t know for certain using the online tools until then.