I think an amex-issued card would probably be the best chance for transferring points across to KF. Also, I have heard of the a HSBC Premier doing this as well, although I cannot confirm if this is indeed true or not.

AMEX Rewards Card new promo
 

AMEX Rewards card has a new promo for new cardholders:

Pay $50 annual fee, spend S$500 for first 3 mths and get a total of 24000 pts = 15000miles! (previously was make a charge and get 16000pts = 10000miles)

After calculating, the S$1500 you spend get extra 5000miles, 1 mile = S$0.30 or S$1=3.33miles!

From: http://www.americanexpress.com/sg/re...uffix=AAXXHKB2

Welcome bonus of 21,000 Membership Rewards Points: A welcome bonus of 21,000 Membership Rewards points will be credited into Cardmember’s Account upon reaching S$1500 spend in the first 3 months. To qualify for this welcome offer, the annual Card fee payment of S$50 is required to be paid on the American Express Rewards Card. This offer is only applicable to new and first time American Express Rewards Cardmembers. If you cancel your American Express Rewards Card within 6 months of card approval, you will be levied a cancellation charge of S$50.

24,000 Membership Rewards points: 24,000 Membership Rewards points include all of the followings:

a) the welcome bonus of 21,000 points (credited into Cardmember’s Account upon reaching S$1,500 spend in the first 3 months)
b) 1,500 points earned on the S$1,500 spend (S$1 = 1 point) and
c) 1,500 points earned (100% bonus in the first 3 months)

Can you explain how this works because on the website it just says 100% bonus on points for the first 3 months of expedniture

I really don't like these short, gimmicky promotions that are meant to reel in new customers... and then after a few months leave them with a card that is absolutely rubbish in terms of earning air miles.

If you go for a card, go for one that is consistently good and worth using all the time, not just for some singing up promo that will end soon.

Spent S$1500 for first 3 months get total of 3000 points (incl of 100% bonus) and they will top up the extra 21000 points, hence you get total of 24000 points, which is = to 15000 miles! You need to pay $50 annual fee. If you pay and don't charge the $1500 in first 3 months, sorry, you don't get the 21000 bonus points.

Ok, so the spending in the first 3 months will be (3x$500)+50 = $1,550
Now this gives 15,000 miles.
So wouldn't the earning rate be S$1=9.67 miles? (15000 miles : S$1,550)
Am I missing something here?

Cos in the previous promo, you pay the $50 annual fee, you get 16000pts = 10000miles, now you spend $1500 + Pay $50 annual fee, you get 5000 more miles, I'm calculating based on this...

well, I am not aware of the previous promo.

Anyway, if I apply now, and spend 500 on that card for the next 3 months (and looks like it has to be spread out over each month), I will be getting 10x miles per dollar approximately, right?

The card reward system is very complex. I hope I get this right.

Yes, you can also put it this way.

And what do you do with this card after 90 days? Cut it up in half and cancel it?

There is admin fee for early cancellation so i'll put it aside in the drawer with my KF Amex card and forget about it till they come out with better promotion or till the following year's bill which charges the annual fee. Then, time to call and cancel, or if the fee is waived, wait for better promotion.

But the promo would only be for new cardholders so you would have to cancel anyway. I don't waste my time on cards with rubbish mileage-earning ration simply because they give me a bonus for the first 3 months, I only go for the cards that I can use every day and get the most miles for my regular spend.

Actually you are right. This one is a one-time promotion. I usually try not to sign up for all these one-off-types but this 1:10 ratio is too tempting. So I think I will take this up. I'll cancel after one year, unless they come up with another promo targeted for existing members - who knows what promo will there be in a year's time.

vsepr, I shall declare you as the Guru for Credit Cards Mileage Accrual ^ :D

I concur. Thanks, vsepr. ^