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How much is 1 mile worth? and are there any cards that gives a better reward than 5% cashback?

Anyone knows if there's a way to calculate how much are miles worth?

As CIMB changes it's terms for its Visa Signature Card, I'm looking for alternative cards to reap rewards. I happened to chance by quite a number of miles card but not sure if its really worth it.

Discussion (2)

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I always said again and again you either be team cashback or team miles, not both as you will be on the losing end.

It is very hard to give a definite answer as to how much 1 mile is worth, since different people value it differently. Too many factors to consider. HC Tang gave a few suggested readings so do take a look.

There are a few cards that gives more than 5% cashback. UOB YOLO, ONE Card, OCBC 365 etc.

As far as I know, there is no one card that gives a flat 5% cashback across all spending categories (banks will make a loss so...) but the cards I mentioned earlier give rather high cashback for different spending categories. You can refer to this page for more reviews: https://seedly.sg/reviews/credit-cards

HC Tang

13 May 2019

Financial Enthusiast, Budgeting at The Society

AFter CIMB gone, so far the best still about 5% for cash back.

For miles card, do check out: https://mainlymiles.com/credit-cards/

more readings at also: https://milelion.com/

Miles worth differ per card / membership, see example: https://mainlymiles.com/whats-a-krisflyer-mile-...

Happy Flying :)

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