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Anonymous

Edited 13 Dec 2022

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Should I redeem economy flights with miles?

I know the conventional wisdom is that you should only use miles to redeem business and first class flights, because the value of a mile for economy class flights is less than the value of cashback cards. But I'm doing the math - a SIA economy class return flight to Japan is 54000 miles, or $1478.70. That means that each mile is worth 2.7 cents. With a 4mpd card, that's 10.8 cents per dollar, which is much more than unlimited cashback cards. Doesn't that make it worth it to claim for an economy flight? Am I calculating this wrongly?

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Justin

Edited 05 Jan 2023

Content Strategist at Seedly

It won't be as high as 10.8 cents per dollar as you also have to account for conversion fees (if any), min. spend, spend limits and the time you spent strategising about miles which you can't really quantify with a dollar value. But yes, if just based on pure dollar value, it's slightly more worth it than cashback cards.

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Is the KF miles required for a flight fixed? For eg, I nd 50k miles to redeem flight from SG to 'X' & it costs $600. 3 mths later, the same flight costs $800. Will the miles required change too?

If you cancel your flight ticket that has been redeemed with miles, do you lose these miles? Do the banks take back these miles?

Are there any scenarios whereby it's worth it to redeem economy/ premium economy with miles?

Am I eligible for miles on the tax portion paid when I redeem my flights with miles?

Would y'all recommend using miles to upgrade cabin class from economy to business or save up more miles to redeem a business class ticket directly?

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