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-   -   The 'Best credit cards for KF miles accrual' master thread (https://www.flyertalk.com/forum/singapore-airlines-krisflyer/1076196-best-credit-cards-kf-miles-accrual-master-thread.html)

carrotjuice Feb 22, 2014 4:45 pm


Originally Posted by Aeran (Post 22394844)
The data supports the theory that UNI$ are calculated based on closest $5 value (e.g. if above - or equal to? - $_2.50 then round up, else round down). This is based on 7 transactions on UOB PPV/PP AMEX starting Feb 12, 2014 as follows:

$194.90 rounded UP to $195
$48.65 rounded UP to $50
$258.90 rounded UP to $260
$224.70 rounded UP to $225
$337.45 rounded DOWN to $335
$80.95 rounded DOWN to $80
$27.65 rounded UP to $30

Thank you for sharing these data points. It's very useful! ^

carrotjuice Feb 22, 2014 4:52 pm


Originally Posted by aviationp (Post 22375749)
Amex Ascend has a new promotion:

Pay the annual fee and spend S$5,000/S$10,000 in 3 months and get 15,000/35,000 miles respectively. Significantly less if you choose to avoid the fee.

If you spend S$3500 / month then this is what you will earn
8750 (normal spend) + 4500 (300 miles for $500 per month on top of $1000) + 5000 (activation bonus) + 35000 (spending bonus) = 53,250 miles. Comes out to 5.325 miles per dollar.

Using aviationp's analysis and my model of calculation that takes into account "opportunity cost" of alternative miles-earning card (see previous calculation done on Amex Rewards in post #2611 above):

My $10,500 spend would've otherwise been channeled to UOB PRVI to earn 2 miles per $1 (post $50,000 spend earning rate). This means I could've earned 21,000 miles elsewhere.

Therefore the miles difference from this Amex Ascend signon promo is actually only 32,250 miles at the outlay of $256.80, equivalent to miles purchase cost of $7.96 per 1,000 miles.

Again, you should decide whether the extra miles are worth buying at this purchase cost.

carrotjuice Feb 22, 2014 9:40 pm

The 'Best credit cards for KF miles accrual' master thread
 
Imaginecard 5% rebate on Amex spending up to $100 per month (rebate capped at $5 per month) originally supposed to end 28 Feb, is now extended to 31 Aug. Note there is now a new condition of minimum $50 spend in that month to earn a rebate... don't recall this proviso previously.

yosithezet Feb 23, 2014 4:37 am

So to swap CC for EZ-Reload I need to go to an MRT stop, cancel EZ-Reload, wait 7 days, then apply with the new card, and wait for it to be activated again?

SingaporeDon Feb 23, 2014 8:32 am


Originally Posted by carrotjuice

Therefore the miles difference from this Amex Ascend signon promo is actually only 32,250 miles at the outlay of $256.80, equivalent to miles purchase cost of $7.96 per 1,000 miles.

Again, you should decide whether the extra miles are worth buying at this purchase cost.

Purchasing Krisflyer miles for .8 S$ cent per mile is not a bad deal. i value Krisflyer miles at atleast S$ 2 cents per mile

vsepr Feb 24, 2014 1:02 am


Originally Posted by carrotjuice (Post 22398430)
Using aviationp's analysis and my model of calculation that takes into account "opportunity cost" of alternative miles-earning card (see previous calculation done on Amex Rewards in post #2611 above):

My $10,500 spend would've otherwise been channeled to UOB PRVI to earn 2 miles per $1 (post $50,000 spend earning rate). This means I could've earned 21,000 miles elsewhere.

Therefore the miles difference from this Amex Ascend signon promo is actually only 32,250 miles at the outlay of $256.80, equivalent to miles purchase cost of $7.96 per 1,000 miles.

Again, you should decide whether the extra miles are worth buying at this purchase cost.

My concern is this is an AMEX card and not VISA or MasterCard. Most of the places I go to only accepts VISA or MasterCard.

Places like SP Services, Traffic Police fines (https://www.psi.gov.sg/NASApp/tmf/TM...II&Reload=true), Polyclinics, Thai Express, Subway, McDonald's, Yayoiken, Popeyes, SingTel mybill, vBox, Signature Salon, KOPITIAM card top-up (at T3 only), Breadtalk, Wendy's......... all do not welcome AMEX card.

Can you share with me which are the places you charge using AMEX to accumulate such a huge amount? Thanks.

lcpteck Feb 24, 2014 2:35 am


Originally Posted by vsepr (Post 22405662)
My concern is this is an AMEX card and not VISA or MasterCard. Most of the places I go to only accepts VISA or MasterCard.

Places like Polyclinics, Thai Express, Subway, McDonald's, Yayoiken, Popeyes, SingTel mybill, vBox, Lerk Thai, Signature Salon, KOPITIAM card top-up (at T3 only)......... all do not welcome AMEX card.

Can you share with me which are the places you charge using AMEX to accumulate such a huge amount? Thanks.

Go to LV store and purchase one of each item. :D

carrotjuice Feb 24, 2014 7:43 pm


Originally Posted by lcpteck (Post 22405859)
Go to LV store and purchase one of each item.

No, no! That would be a travesty! ;) Citi Rewards MC should be the card if you're heading for an LV spree!!

I use my PRVI Amex for EZ Reload, Starhub bills, hotels and overseas spends mainly.

Volasia Feb 24, 2014 9:14 pm

The 'Best credit cards for KF miles accrual' master thread
 
Using the PRVI for foreign purchases makes them much more expensive. Why not using a visa? You are basically buying your miles here.

lcpteck Feb 24, 2014 9:33 pm


Originally Posted by Fly-Swiss (Post 22411219)
Using the PRVI for foreign purchases makes them much more expensive. Why not using a visa? You are basically buying your miles here.

That's true, however since Visa and MC is DCC prone, I seldom use it overseas unless they don't accept Amex. Or I just pay cash if it's not a big amount.

SQ319 Feb 25, 2014 12:00 am


Originally Posted by lcpteck (Post 22411296)
That's true, however since Visa and MC is DCC prone, I seldom use it overseas unless they don't accept Amex. Or I just pay cash if it's not a big amount.

Actually other than in China, I don't face the DCC issue in all the rest of the countries I have been to. I do tell them explicitly that I want to be charged in the local currency though. VA and MC is still the way to go for me.

Aeran Feb 25, 2014 12:45 am


Originally Posted by Aeran (Post 22394844)
...

The data supports the theory that UNI$ are calculated based on closest $5 value (e.g. if above - or equal to? - $_2.50 then round up, else round down). This is based on 7 transactions on UOB PPV/PP AMEX starting Feb 12, 2014 as follows:

$194.90 rounded UP to $195
$48.65 rounded UP to $50
$258.90 rounded UP to $260
$224.70 rounded UP to $225
$337.45 rounded DOWN to $335
$80.95 rounded DOWN to $80
$27.65 rounded UP to $30

Further data in the last few days confirms the above theory:
$62.25 rounded DOWN to $60
$18.24 rounded UP to $20
$207.00 rounded DOWN to $205

^ all were on UOB PP AMEX to receive 4 miles per dollar spent (after rounding).

Looks like a good change! ^

carrotjuice Feb 25, 2014 4:31 am


Originally Posted by Fly-Swiss (Post 22411219)
Using the PRVI for foreign purchases makes them much more expensive. Why not using a visa? You are basically buying your miles here.

True, but I had calculated that the incremental miles are good enough to pay the slightly higher FX, especially with the additional 0.4 miles per $1 when I hit $50K spending. That said, foreign currency probably constitutes only 30% of my total PRVI spend though.

Volasia Feb 25, 2014 7:22 am


Originally Posted by carrotjuice (Post 22412411)
True, but I had calculated that the incremental miles are good enough to pay the slightly higher FX, especially with the additional 0.4 miles per $1 when I hit $50K spending. That said, foreign currency probably constitutes only 30% of my total PRVI spend though.

so what would be the price of a mile by paying the incremental fee ?

ZenWorld Feb 25, 2014 9:53 pm


Originally Posted by Aeran (Post 22411920)
Further data in the last few days confirms the above theory:
$62.25 rounded DOWN to $60
$18.24 rounded UP to $20
$207.00 rounded DOWN to $205

^ all were on UOB PP AMEX to receive 4 miles per dollar spent (after rounding).

Looks like a good change! ^

So can we confirm this works with all UOB cards too?
$2.51 (not $2.5 right?) to get 1UNI$, and those 10X cards like UOB PP Amex, becomes 2UNI$? (Or is it limited to 10X cards only?)
2UNI$ = 4miles.

Can we also confirm that the round-up bonus it starts from $2.51 and not $7.51?

With the rounding up (at more than $2.51), suddenly UOB Card has surged ahead as the No.1 credit card for me to use for dining and transactions that accept paywave again.
(I had avoided UOB Card when rounding down at say $4.90 was not in my favour.)

If this change is confirmed, time to look for places with good items that cost $2.51 or slightly more and earn close to 8 miles. (if can find a coffee place that sells coffee at $2.55 or so with paywave, good reason to enjoy it daily!) ;)


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