Aik Kai

Collecting miles one at a time and collecting dividends $1 at a time.

Aik Kai

51Upvotes

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Collecting miles one at a time and collecting dividends $1 at a time.

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Aik Kai

51Upvotes
  • Answers (66)
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Credit Card

Aik Kai
Aik Kai,
Level 5. Genius
Answered 5d ago
Off hand I can recall, for credit cards that gives you rewards points that you can use to redeem miles and/or other stuff like vouchers, you can choose the following: 1) DBS Altitude Card - points don't expire 2) OCBC Titanium Rewards - 2 years fee waiver 3) Citi Rewards Card 4) AMEX Rewards Card 5) DBS Women Card - Points expire in a year though There are more but these are the popular ones.

Credit Card

Aik Kai
Aik Kai,
Level 5. Genius
Updated 1w ago
To be blunt, you need to relook at the way you use your credit card. As suggested by Benny, you can consider a debt consolidation plan. Almost all banks offer this service. After which, you need to look at your spending habits and cut those unnecessary expenses. Draw up a monthly budget and stick to it. I can go on and on but that will be based on my assumptions so I would say, spend within your means. To me, the golden rule of owning a credit card is that you can pay off the balance every month. If you can't, you are better off sticking to a debit card or NETS.

Credit Card

Lifestyle

Aik Kai
Aik Kai,
Level 5. Genius
Answered 2w ago
SimplyGo is not a "special" category to earn miles so any miles earning cards will do. You can refer to this article for more info. https://milelion.com/2019/06/08/simplygo-guide-what-card-to-use-and-promotions-summary/

Credit Card

DBS

DBS Altitude Visa Signature Card

Miles

Aik Kai
Aik Kai,
Level 5. Genius
Answered 2w ago
Short answer, no. DBS pools all the points you earn via the various credit cards you have with them into 1 pot. So when you convert the points to miles, DBS just take from that 1 pot you have, regardless which card contributed to the pot. It is just that the points you earn from Altitude card don't expire while points from other cards expire generally within 1 year. You can get more miles per dollar spent if you use the Altitude card for targeted categories. For Altitude, use it to buy air tickets and/or pay for hotel bookings online will give you 3 miles per dollar spent, compared to 1.2 miles per dollar spent on general spending.

Credit Card

Miles

CITI PremierMiles Visa Card

Aik Kai
Aik Kai,
Level 5. Genius
Answered 2w ago
I am not sure we understand you fully but do you mean that you are looking for a card that gives you miles when booking a ticket with SIA? If yes, consider the UOB Krisflyer credit card that gives you 12,000 miles if you are new to bank and sign up for the card before 30 June 2019. But to claim the 12,000 miles, you have to spend $2,000 within 60 days of opening the card. Link here: https://www.uob.com.sg/personal/krisflyer-uob/credit/ Other cards are the AMEX Krisflyer Credit Card and AMEX Krisflyer Ascend Credit Card. Both have sign up bonus if you never hold a AMEX card previously. You can refer to the bonus here: https://www.americanexpress.com/sg/credit-cards/singapore-airlines-krisflyer-credit-card/?linknav=sg-amex-cardshop-details-browse-SingaporeAirlinesKrisflyerCreditCard https://www.americanexpress.com/sg/credit-cards/singapore-airlines-krisflyer-ascend-credit-card/?linknav=sg-amex-cardshop-details-browse-SingaporeAirlinesKrisflyerAscendCreditCard These cards directly credit miles earned from your spending to your Krisflyer account. Hope this helps!

UOB PRVI Card

CITI PremierMiles Visa Card

Credit Card

Aik Kai
Aik Kai,
Level 5. Genius
Updated 3w ago
Citi PM Visa. Miles don't expire, every 1 dollar earns you miles and they have more transfer partners. UOB points expire within a year or 2 and you need to spend $5 in a single transaction before miles are earned. Spend $4.99? No points. And they only can transfer to Krisflyer and Asia Miles.

Insurance

Aik Kai
Aik Kai,
Level 5. Genius
Updated 3w ago
See whether got limited payment options for the whole life plan. Whole life covers you for life and while the premiums might be high, if you can pay it off within a few years while you are still working using limited payment, why not? As some people point out, WL have CI coverage which is important during your retirement period. And since you are young, premiums for limited payment is still relatively affordable. Not asking you to drop term but a WL with limited payment is a very good addition to your insurance mix

Credit Card

Aik Kai
Aik Kai,
Level 5. Genius
Updated 3w ago
When playing the miles game, have a strategy and have an ideal redemption in mind. Also, don't mix cashback cards into your army of credit cards. In fact, don't get them. Bascially, you need to understand and ingrain the idea of MPD (miles per dollar), which is how many miles you are getting per dollar spent. This is the backbone of all miles hacks. And with that, just sharing some things I learnt: 1) Be prepared to own a lot of credit cards. Different banks at different point of time will come up with promotions to get new sign ups. The promotions normally give away quite a huge amount of miles so just sign up and get the sign-up bonus. Citibank in the past give 10k or 15k miles just for signing up and using the card. AMEX has that forever 5k miles for your first transaction on the card. 2) With reference to point 1, keep a lookout for credit card promotions. Once you see a promotion and it fits you, jump on it. Otherwise, wait ba. 3) Have a credit card spending strategy, like what card is used for what purpose and make sure the card you use gives you the most mpd. The DBS World Women MasterCard gives you 4mpd for all online spend, hence making it the most popular one among miles chasers. OCBC Titanium Rewards gives you 4mpd for all mobile payment, hence covering gaps that the World Women card miss. Different miles chasers have different plans to plug the gaps but all in all, the general rule is that every dollar spent using a credit card should give you miles. But note that banks can change their credit cards from time to time so be mindful of any announcemnt by the banks. 4) Get cards that have no expiry dates on their points. Citi Premiermiles, DBS Altitude Visa and AMEX versions are the 3 currently known cards that have no expiry date on the accumulated points. 5) Get cards that give you points/miles on paying annual fees. Again, the 3 cards that i mentioned in point 4 give you extra miles for paying the annual fee. 6) Pair your credit cards with MilesLife app. Gives you opportunities to double-dip. You earn miles through the app and you earn miles through the credit card that you use in MilesLife. 7) Read the milelion and shutterwhale (why they are based off animals is something i cannot comprehend) to get more tips and tricks and they are also normally the first places to announce any upcoming promotions on credit card. 8) Also, HWZ forum users have complied a crowdsourced spreadsheet for credit cards. Just do a google seacrh and you should find it. Very useful spreadsheet, especially when you don't know if the merchant you are shopping at gives you the max points available or just the minimum. Cheers and all the best to your next redemption!

Credit Card

Aik Kai
Aik Kai,
Level 5. Genius
Answered 3w ago
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

CITI PremierMiles Visa Card

Credit Card

Aik Kai
Aik Kai,
Level 5. Genius
Answered 3w ago
You can refer to this article by the Milelion for reference. https://milelion.com/2019/06/02/citi-premiermiles-visa-30k-sign-up-offer-extended-till-30-june/ Scroll to the middle section. Hope this helps!
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