SeedlyTV EP02 - Seedly

SeedlyTV EP02

Miles Game: Travel Hacks with Milelion. LIVE on Tuesday, 9th April from 8-9pm.

ASK A QUESTION

"How do you travel with comfort without splurging big sums of money?"

"Isn't luxury travel only for the rich and famous?"

SeedlyTV EP02 presents: Travel Hacks with Milelion. In this episode of SeedlyTV, we have The Milelion who will be sharing some travel hacks with us.

You can check out what was covered here:

  • Intro of Aaron Wong, Founder of Milelion? --1:40-6:00
  • How do you differentiate between Miles and Cashback rewards for credit cards? --6:30-8:25
  • How do you choose between a miles and a cashback card? --8:35-17:00
  • The Milelion's best and worst airline experience --18:00-25:05
  • Some tips and strategies for couples and individuals who want to start on miles --25:15-30:00
  • Giveaway details --30:00-32:00
  • QnA with The Milelion --32:15-56:00

NOTE: SeedlyTV is a series which will be covering topics via LIVE video and QnA on the Seedly platform. We will be inviting speakers to cover relevant topics in personal finance: Insurance, Debt, Saving, Spending and Investing. 


-This is a Seedly organised event-

Missed EP01? Watch it here: SeedlyTV EP01: A beginner's guide to your personal finance journey

  • Recent Activity
  • Unanswered
  • Trending

SeedlyTV EP02

CITI PremierMiles Visa Card

Miles

Credit Card

Yes and No. It depends on what your intended travel plans are. Given that citimiles have the most transfer partners, I would value them marginally higher than other forms of currency. There is also the fact that the long haul SQ experience is generally better than most other airlines out there, so there is no 'waste' in redeeming SQ biz to LHR compared to say, British Airways, plus the fact that SQ generally only allows long haul biz redemption to Krisflyer members. However, do your maths and ensure you are getting value for your redemptions.

SeedlyTV EP02

Miles

Credit Card

It really depends, For SQ Business it would require 92k Miles (Europe) 99k Miles (USA East Coast) One Way Per Pax. So For a 2-Way ticket for 2 Pax it would cost 368k Miles For Europe and 396k Miles For USA; you have to pay for taxes with cash For SQ Economy Class its about 152k For Europe and 160k For USA; though i much rather pay for an economy ticket rather than using miles to redeem them. So For Example, the UOB Privimiles card would earn you 1.4miles per dollar and you would need to have about $262,800 of eligible spending to earn 368k Miles, and about $108,500 to earn 152k Miles. You have to also consider how long would you take to earn those miles as the amount of miles required to redeem the ticket might increase overtime and if you can redeem your miles before they expire as well. https://www.singaporeair.com/saar5/pdf/ppsclubkrisflyer/charts/SQMIAwardChart.pdf It eventually boils down to how quickly and how much you spend. Personally i use iPaymy with a fee to earn extra miles for expenditures normally not accepted using creditcards.

SeedlyTV EP02

Credit Card

Consider evaluating your current lifestyle and behaviors. 1. Are you the type who consistently check in on available mile points and actively exchange them for rewards? 2. The milepoints program you are considering; in exchange for the rewards, is it more worth in terms of $ value vs x% direct cash backs? (Comparison of different programs) 3. What do you usually spend on? Travel? Daily expenses? From this line of thought you can check out available credit cards in market and explore their different types of miles/cashbacks programs. Lastly, always help yourself by taking up a program that is most applicable to your lifestyle. Say if you're not the type to travel frequently, does it makes sense to have a krisflyer mile card unless your corporate is "SQ-Preferred"? Also avoid any programs that are too inflexible. Hope this helps!

SeedlyTV EP04

SeedlyTV EP01

SeedlyTV EP02

SeedlyTV EP03

Gabriel Tham
Gabriel Tham, Kenichi Tag Team Member at Tag Team
Level 8. Wizard
Answered on 10 May 2019
1M65! Ho Ching! because she shared seedly post before!

SeedlyTV EP02

Credit Card

Miles

Tay WenHao
Tay WenHao
Level 4. Prodigy
Answered on 14 Apr 2019
You can consider secured credit cards if you dont meet the minimum salary requirements. Usually requires $10,000 as fixed deposit for the collateral. After 1 year or when you are able to hit the salary requirements you can take back the deposit.

SeedlyTV EP02

Giveaways

Isaac Chan
Isaac Chan, Business at NUS
Level 8. Wizard
Updated on 07 Jun 2019
Here are the amenities kits for the giveaway! !
Answer image preview

SeedlyTV EP02

Credit Card

DBS Altitude Visa Signature Card

Aaron Wong
Aaron Wong, Founder at The Milelion
Level 3. Wonderkid
Answered on 10 Apr 2019
You can...but the rates aren't great and there's a ton of fuel surcharges. That said it's probably your best bet for redeeming miles for EK F in Singapore (since we can't earn JAL miles) https://milelion.com/2019/04/03/dbs-adds-qantas-frequent-flyer-as-a-points-transfer-partner/

SeedlyTV EP02

Aaron Wong
Aaron Wong, Founder at The Milelion
Level 3. Wonderkid
Answered on 10 Apr 2019
I invest mostly in US equities, with a couple of index funds as well. Apart from that, I always max out my SRS contribution and CPF SA top up for the year. The whole point of travel hacking is that you don't spend big when you travel, so I don't see why it should impact savings. Perhaps to the extent that you're able to take more trips, so you end up spending more because of more vacations? That comes down to individual self-control, however. Travel hacking just makes the hotels and flights cheaper- what you do when you're there is up to you!

SeedlyTV EP02

Credit Card

Miles

Aaron Wong
Aaron Wong, Founder at The Milelion
Level 3. Wonderkid
Answered on 10 Apr 2019
Redeem Business Class. Upgrading Economy tickets is completely not worth it. Read more-- https://milelion.com/2019/02/21/the-ultimate-guide-to-upgrading-singapore-airlines-tickets-with-krisflyer-miles/

SeedlyTV EP02

Credit Card

Miles

Aaron Wong
Aaron Wong, Founder at The Milelion
Level 3. Wonderkid
Answered on 10 Apr 2019
I don't, actually. I know some people who do, but perhaps you can try asking on our Telegram Group-- t.me/milelion
Load more questions