Asked on 11 Dec 2019
I do not have miles card (I have Citi rewards and cashback and uob one). Was wondering if I want to save up for a possible trip overseas but do not travel much, is it worth it getting a miles card and are there any tnc to take note of? Let say I have a big expense next year(wedding), should I get a airmiles card and join the membership?
I would think citi premiermiles CC would be good. As you do not travel much, we want the miles to have no expiry. Citi premiermiles has no cap as well. 1.5x for every 1$ spend locally.
Points earned on Citi Rewards Visa can be transfered for miles, and certain categories earn 4mpd, so you already have a miles card in a sense.
Whether or you wish to get a miles card will depend on whether you prefer miles or cashback. It is possible to earn enough miles such that you can redeem for overseas trips, even if you do not spend much. I have the Citi Premier Miles for almost 6 years now and have 311K miles (I just logged in a moment ago to check), which is around 50K miles earned a year from general spend and hotel spending on Agoda/Kaligo/Expedia.
Signing up for KF membership is free.
If you have a big expenses planned, wait till you are around 1-2 months prior to making payment, and then apply for a card (or cards) with the best sign up bonus to use. At the moment, SCB X card has 60K miles for $6K spending (and paying the annual fee) so that is a good one to have for a start.
A general miles card will be a card that awards miles on any spend. (1.2-1.5 miles per dollar spend usually, or known as mpd)
A specialised miles card will be a card that award more miles on very specific categories of spend. Usually 4mpd.
You can refer to this link for a guide: https://milelion.com/credit-cards/guide/
As you can imagine, spending $10K will get you 12K miles on a general spend card, but 40K miles on a specialized spend card. That is a significant difference.
11 Dec 2019
Yes Krisflyer is free! It is just an account for you to track your miles.
As for the miles card, it depends on your spending. If you have planning to have big expenses next year, you could look out for cards with attractive sign up bonuses (with certain minimum spend). It really depends on what you spend on as well, for example if you travel a lot for work and have a lot of overseas spend then you can get a card with better mpd (miles per dollar) overseas e.g. UOB Privi miles. And if you want to fly SQ, getting a Krisflyer co-brand card (UOB, AMEX) would be easier than transferring using another card.
Don't forget that there are other ways to fund your trip! Rewards cards can also be good to earn miles with up to 4mpd (e.g. UOB PPV, HSBC Revolution, etc.). If you are happy flying budget carriers, you could go for a cashback card too! Think about whether what you fly and which carrier you fly makes a difference to you and what you spend on the most.
Yes, you can sign up for the membership (it is free).
I will suggest you to get a general miles card and slowly accumulate miles for your day-to-day expenses. When you are closer to your wedding, sign up for another card to take advantage of the bonus miles. =)
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11 Dec 2019
11 Dec 2019
Membership signup is free - that should be good and easy for you, Additionally, I would sign up for a couple of cards if I was you to maximize the sign up bonuses
You can sign up even if you use a cashback card.
You earn miles when you fly on revenue tickets. Why let it go to waste?
Your citi reward card earn points that can be used for miles.
(Since you have citibank credit card, go for Citibank Premiermiles card, it is my default choice as the miles does not expire).
Yes miles card are more worth than cashback for big expenses as many cashback cards have limits on cashbacks (Need to spend $x for 3 months etc etc). So miles are better for big item spending.
You can sign up for Krisflyer anytime with or without credit card. Go for the Citibank Premiermiles and you can get a krisflyer together with it.
I'd say it's indeed worth to sign up for a miles card considering you have a big expense coming up in the foreseeable future. As most cashbacks cards have a limit to the cashback per month per category, miles solves this issue by eliminating such a cap. You may also consider applying for cards with miles that do not expire such as DBS Altitude and Citi PremierMiles.
Do also make full use of the sign-up bonueses which can be very attractive and you shouldn't have any issues meeting them with the upcoming wedding expense. There are usually many promotions in the market, I would recommend staying up to date with all the sign-up bonus that are on offer, especially to new-to-bank customers. You can keep track of them either via:
SingSaver or MoneySmart. They regularly share sign-up bonus from the various banks, say $250 for signing up for a Citibank card as a new-to-bank customer.
Milelion Roar telegram broadcast channel (https://t.me/milelionroars). They post all (I think?) promotions almost in real time, as well as compile a Weekly Deal Summary to ensure you do not miss out on any promotion. Best of all, it is a channel so no spams! Only the best stuff shared there
Apply for these cards nearing to the actual payment date, as most qualifying period for the sign up bonus are for expenses within the first 3-6 months.
All the best!
24 Dec 2019
Yes, you can sign up for the membership (it is free)..
If you have a big expense next year (wedding), it is highly recommended to get an airmiles card and joiin the membership. This is because most miles cards do not have cap of how much miles you can receive, unlike cashback card which caps your amount of cashback to be received within a month. A wedding can be a heft expense and therefore, a lot of cash outflow. Best to use credit card sign up promtions and those with no cap to a monthly reward