SG Budget Babe
Asked by Anonymous
Asked on 05 Dec 2019
I love to travel, but i don't feel the need to sit in first or business class- i'm perfectly fine in economy. Is it then worth it to use miles to redeem economy class tickets? i know that's like breaking every rule in the miles hacking game. If that's the case, would i be better off using a cashback card instead?
Not worth it. Because economy seats will charge more miles. Cashback would be the better choice.
Yes, Cashback is worth more if you never intend to travel via business / first class.
The redemption for economy is not good.
However, I do use mile cards to keep miles for that special occasion to splurge on someone important (my wife, for example). Citibank's miles does not expire, so I am fine keeping them. You may consider getting a miles card just to store miles for some special occasions.
We are all fine with rice, some vegetables and meat, but occasionally we want to have some great tasting food to spice up our life :)
mile card is like the luxurious abalone once a while
No, not worth it. Business/First Class is more worth/miles to use it on, rather than economy class. I too also feel economy is good enough, that's why I am part of the cashback camp. But I do have a miles card just for "in case" purposes (OCBC 90N!)
Top Contributor (Dec)
Don't. Stick to cash back if you never intend to redeem for J or F. The value of redemption is pretty bad for economy.
However, if there is a massive sign up bonus such as the SCB X card's 100K miles for $6.7K spending, the miles, even if used to offset the cash price of a ticket(not that you should do that...but well), would carry a value of 1 cent per mile, or in this case, $1000 dollars. Spending $6.7K and get $1K worth of miles to offset your flight purchases is almost a 15% cashback. No cashback card can do this.
Same here. I have no strong desire to travel in first or business class, which is why I am not part of the Miles accumulating game!
I go for cashback :)
Despite all the chatters of how you should only fly first or business class with miles to get the most value of it, essentially I feel everyone perceives value differently. For one, choosing between 2x return Economy tickets (to Melbourne and Dubai) and 1x return Business class ticket (to Melbourne) is a good gauge of what you value more - quantity of flight experiences or the quality of these experiences.
It is always good to begin the miles journey with an end goal in mind in terms of the redemption you are aiming for, and sticking with it over the long run. That way, you remain in check of your progress and motivated in this miles game.
As for miles vs cashback, I still feel miles may triumph especially so if you have a huge expense upcoming (such as wedding, housing, etc) that can allow you to hit the minimum spend to attain the sign-up bonus. Try studying your monthly expenditure, and a hypothetical calculaion of the possible miles and cashback you will receive over the course of a year - based on the various cashback and miles cards you are looking at.
All the best!
Probably not so worth it because the miles are worth more when you redeem for better class fare (i.e. first and business or even suite). You might want to consider high % cashback cards instead.
No it's not worth it. This is because the miles to dollar value for economy class redemption is less than the cashback value offered by many cash back credit cards (economy class seat redemption monetary value is only about 1.4 cents per mile 1.4%) this is less than normal cash back cards
Travelling in business or first class is overrated. This is especially true in the later stage of our lives when we need to travel with our family.
Then, the ability to exchange an economy flight ticket for the family is worth more than a business class ticket for myself. This is how I personally feel. Hence, there is no right or wrong to it since everyone's value is different. =)
As you enjoy travelling, then you will probably still be better off with a miles card. This way, you have complete control over what you want to do to the miles (e.g. types of ticket to redeem it for). Additionally, some cards allow you to pay for the expense with miles (not exactly worth it, but well, at least there is a choice).
Here is everything about me and what I do best.
Miles cards are still worth it if you like to buy your tickets during peak periods for last minute travel.
I think a miles card works if you travel frequently or tend to have that one big year end holiday that really takes you far. If you do, then you can consider whether to fly business class or not.
If you seldom travel or travel nearby, then I do not think you will really reap the full benefit of a miles card.
If you are fine with economy, your best bet is cashback credit card, because cashback are a great way to enjoy your rewards now, and not accumulating your miles to have 1 big spending.
And miles redemption for economy flights are very bad deal, if you have miles to redeem, go for business class. Business class for short distance is quite cheap (not as worth it)
for worthwhile, go for long haul business class, its a lot worth it per mile.
The miles are more worth it in business class. If u take economy then the dollar value of the miles u claim won't be very high.. I would recommend cashback.
No. You'll be better off using a cashback card and then using that money to buy economy class tickets. It'll be cheaper and more worth it.
If you're not aiming to use miles to go for 1st class/ business class, you might wanna consider a cashback card instead. because the value of the mile is much better when its used for 1st class/ business class travel.
Actually its not worth it from a true numerical value sense. However having said that, I know it sounds dumb but I actually use my miles to redeem 2x economy tickets to travel with my wife, is it a smart decision? I don't know, but what I know is that I'm comfortable with it and we enjoyed ourselves even though I'm 1.86m tall (taking economy makes me feel miserable at times)
I would say the answer is yes.
I get your situation - however, what you could do is, get a card where miles dont expire soon and you get a bonus on online/ SQ bookings.
That way - you still get a ton of points at the end which you can use for economy tickets. I know people say that economy tickets arent worth it, but you can STILL get them at the point when tickets over the counter are expensive and you can get lucky with miles economy tickets (especially with exotic destinations which arent very popular).
Hope it helps :)
No it isn't worth it - same here I mostly take budget flights which makes it even more not worth it 😂
I would say, yes! I think everyone's comfort differs, and I think of miles as a way for me to fly 'free' with the money that I've already spent. I use Citi Rewards and I find exchanging for miles is heaps better than exchanging for other things. It does not have to be business/first class for me too! But if I can hack my way and fly for free on different airlines, using my miles, I consider that a win-win situation! If you love to travel, I would say using a miles card is heaps more advantageous than a cashback card! :)