Amaze Code JxU1zN: Take 2,000 InstaPoints as S$25 Cash or Miles?

The amaze referral reward is 2,000 InstaPoints, and how much it's worth depends on how you redeem it. For most people the answer is simple, but it's worth thinking about for a second.

amaze referral code: JxU1zN
Link with the code applied: https://referral-link.onelink.me/gbf1/a43c48ca?...

Unlocking the 2,000 InstaPoints

1. Install Instarem from the link (or enter JxU1zN at sign-up; it can't be added later)
2. Verify and apply for the amaze card in the app
3. Either spend S$100 in total on the amaze card, or send one overseas transfer of S$1,000+

Referred users also get a discount on the fee of their first overseas money transfer.

Your three redemption options

• S$25 cashback to your amaze Wallet
• ~666 KrisFlyer miles (3 points = 1 mile)
• S$25 off a transfer above S$1,000

How I'd think about it
666 miles is worth S$25 only if you value a KrisFlyer mile at around 3.75 cents, which is a high valuation. Unless you're topping up a nearly-there award, S$25 cash is the cleaner choice. The S$25 cash tier can be redeemed once per calendar month, and InstaPoints expire 12 months after crediting.

Watch out

• Top-ups to other stored-value cards or e-wallets (MCC 6540) don't count towards the S$100. Use real purchases.
• Existing Instarem users, or anyone who used a different code, aren't eligible.
• Singapore residents aged 18+ only.

Why have the card at all
0% FX markup on foreign spend from the amaze Wallet, S$0 annual fee, and amaze Link lets you link up to 5 Mastercards (no InstaPoints in Link mode, 1% fee on SGD spend).

I went through the redemption options on DLCuration's amaze page: https://dlcuration.com/amaze-referral.html

Mile valuations are personal, so treat mine as one opinion.