Asked by Anonymous
Asked on 10 Dec 2019
Do you think it worthwhile for me to convert my grabpoints to krisflyer miles? i know the rates are quite low, but i don't use grab that much plus grabrewards suck. do you see the rates getting better in the future? it seems like this is a partnership grab is pushing extremely hard for, so perhaps they'll be able to offer a better grabpoints to KF miles rate in the future!
For me, I don't use Grab much so the vouchers & rides I wouldn't fully utilize it every month. Other than that, it seems like Krisflyer miles is the next best option.
Its not that worth it.
Grabpoints are better value if you use it within Grab Ecosystem (paying for rides and grabfood)
However if you have tons of grabpoints and no where else to use it, of course you have not much other options (the other rewards are equally not as valuable as spending it within Grab ecosystem):-
in these cases, i will then spend it on krisflyer miles.
(sort of like a last resort)
I believe it is about opportunity cost - so you will be redeeming for miles in place of the other options. If you are not redeeming for miles, will you be considering the other options? If you aren't (as you mentioned you don't use Grab much and the other redemption may not be attractive), then perhaps the Krisflyer miles would work best for you.
Milelion just wrote an article on the new conversion options for grab points ( https://milelion.com/2019/12/06/grabrewards-adds-new-krisflyer-conversion-options/) - it could be worth a read. All the best!
Currently, grab redemption rate is 1500 grab points for 160 krisflyer miles. As of now, you can redeem $1 grab credit with 500 miles. This means grab values krisflyer miles at 1.87cents per miles, this is slightly higher than most people's valuation of miles. Therefore i will say go for redeeming grab reward points for krisflyer only at the 1500 grab points for 160 krisflyer miles, the other redemption options are not worth it
The only worthwhile ones are like $5 Lazada voucher at 1900 points.
Top Contributor (Jan)
Assuming that you are a Platinum member, you earn 10 points per dollar with GrabPay.
Next, you are able to exchange 500 KF miles with 5,000 points, i.e. 1 KF mile per dollar.
Assuming that you use Citi PremierMiles to top up GrabPay for this process, you earn a base rate of 1.2 miles per dollar.
In total, you earn 2.2 miles per dollar for this transaction.
If you are a miles collector and don't fancy other deals from Grab, then this is a decent deal that will be worth considering.
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