Tag Archives: amex

Singapore Airlines relaunches cobrand cards and they’re still terrible

Sometimes reboots work and give you gems like Chris Nolan’s Batman series (let’s pretend the third movie doesn’t exist). Othertimes, reboots take a beloved piece of work like Total Recall and totally Colin Farell it.

Singapore Airlines and AMEX have taken out full page ads in today’s papers to proudly announce the reboot of their cobranded portfolio. Unfortunately, this reboot is more like the latter.

EDIT: now that I think about it, it’s not really a Total Recall situation because the original movie was actually good. This is more rebooting The Fantastic Four. Crap before, crap afterwards.


Here are the main changes-

Singapore Airlines Krisflyer Gold Credit Card


Let’s first deal with the big insult that SQ puts front and center in the ad

“The American Express Singapore Airlines Krisflyer Credit Card. It’s the new travel hack to fly Singapore Airlines”

No. Stop. It is not.

To hear AMEX/SQ trot out the term “travel hack” as if they have the slightest idea what it’s about is just insulting to the hobby I know and love.

The best “travel hack” the AMEX cobranded cards had was to get the old Krisflyer Ascend card with the first year fee waiver, spend $1 to get 5,000 miles, use the 4 lounge vouchers, use the 1 night free Millennium Hotels voucher in a very expensive city, upgrade your Millennium Hotels status to gold for free and cancel the card at the start of the next year when the annual fee became due. All that for $1 of spending? THAT is a travel hack.


The Singapore Airlines Krisflyer Gold Credit Card has been renamed the Singapore Airlines Krisflyer Credit Card. Also, it is no longer gold. I probably should have started by stating that.

Before After
$1 Local Spend 0.6 miles 1.1 miles
$1 Overseas Spend 0.6 miles 1.1 miles/ 2 miles (during Jun & Dec only)
$1 SQ/MI Spend 1.25 miles 2 miles
Annual Fee $117.70 $176.55
Special Features 50% bonus miles when you charge >$5,000 per year

Further 50% bonus miles with minimum spend of $12,000 in a year

5,000 bonus miles on first spend

$150 cashback for use on SQ tickets when you spend $12,000 on your card by 30 Jun 17

5,000 bonus miles on first spend

3,000 bonus miles with $700 spend in first 6 months

The miles earning rate is much improved from the anemic old product. It was ridiculous that SQ’s own co-branded card was offering less than half of what the market leading UOB PRVI Miles card did, with no bonus on overseas spending.

Even if you navigated the complicated tier of 50% bonuses on the original product, you’d still be lagging behind someone who had applied for a run-of-the-mill Citi Premiermiles or DBS Altitude offering.

That said, the new earning rate of 1.1 miles per S$1 of local spend is still not good enough. Back in the day when miles credit cards required incomes of $50,000 and up (I still remember when DBS Altitude launched- it needed $80,000 min income), SQ and AMEX could get away with this by positioning the card at young professionals who had just started work and had >$30,000 income, but not enough for a PRVI or Altitude or Premiermiles.

Now that DBS Altitude has cut its income requirement to the bare minimum, there is no such advantage remaining. In fact, the DBS Altitude offers a far superior value proposition to the relaunched Singapore Airlines Krisflyer Credit Card, with 1.2 miles and 2 miles on local and overseas spending, with no minimum spend or time of year restrictions. Oh, and you get 8,000 bonus miles with a minimum charge of $1,000 a month for 2 months after applying.

The other point of amusement for me, at least with the old version of the card, was that it wanted to match the American system of giving 1 mile for every US$1 of spend. Back then, the USD was about 1.6 to the SGD, so they said ok, 1 mile for every S$1.60 of spend. But in the many years that followed as the SGD strengthened they never adjusted that peg. They then found themselves offering 0.625 miles per S$1 in a world where everyone else was offering 1.2 miles at a minimum. Well done.

Not that the new version is much better.

EDIT: Some people have pointed out that by spending $700 on the card you could get 5,000 activation miles + 3,000 bonus miles for a total of 8,000 miles. I suppose this is something you might want to look at for those of you who are first time applicants. Of course you could just as easily get 5,000 miles by spending $1 on the card, but even then you’d be hard pressed to generate 3,000 miles on the back of $699 spend anywhere else.

Singapore Airlines Krisflyer Ascend Cardkrisflyer3

Ah, my good friend the Ascend Card, which gave me so much and asked so little in return. I’ve already covered the main changes but for the sake of being complete I’ll mention them again here.

Before After
$1 Local Spend 0.8 miles 1.2 miles
$1 Overseas Spend  0.8 miles 1.2 miles/ 2 miles (during Jun & Dec only)
$1 SQ/MI Spend  1.6 miles 2 miles
Annual Fee  $256.80 $337.05
Special Features  Accelerator feature which gives 300 bonus miles for every $500 spend above $1,000

4 lounge access vouchers

1 free night at Millennium Hotels

5,000 bonus miles on first spend

5,000 bonus miles on first spend

5.000 bonus miles with $1,000 spend in first 6 months

Double miles accrual voucher with $15,000 spend by 30 Jun 17

KF Elite Gold status with $15,000 spend on SQ/MI tickets within 12 months of approval

1 free night at Millennium Hotels (since devalued)

4 lounge access vouchers

The double miles voucher is probably the most new interesting feature so we’ll look at that

Double KrisFlyer Miles Accrual Voucher

They say: Spend above S$15,000 on your Card at singaporeair.com from now till 30 June 2017 to be rewarded with a Double KrisFlyer Miles Accrual Voucher (capped at 5,000 bonus KrisFlyer miles).

But wait: To be fair, SQ has made the 5,000 cap quite clear. 5,000 isn’t a lot. If you value your KF miles at 2 cents each (or perhaps more, depending on your redemption pattern), you’re talking about $100.  Here is SQ’s table explaining the inherent limitations on the bonus


Needless to say, the general/overseas spend rates are still terrible. Bonusing overseas spend only in Jun and Dec? Really AMEX/SQ? That doesn’t make sense even from your point of view. The whole purpose of incentivising overseas spend is to allow you to earn margin from the forex transaction fees you charge. Those fees are the same in Jun and Dec as they are the rest of the year. Why only encourage people to spend in Jun and Dec then?


Singapore Airlines Solitaire PPS and PPS Credit Cards


These cards, to me, were always the biggest slap in the face to SQ’s most loyal customers. Here are people who spend at least $25,000 on your premium cabin products each year. And what do you give them?

PPS Card  Before After
$1 Local Spend 1 mile 1.3 miles  on first $3,800

1.4 miles on every $1 above $3,800

$1 Overseas Spend 1 mile 1.3 miles on first $3,800

2 miles on every $1 above $3,800

$1 SQ/MI Spend 2 miles 2 miles
Annual Fee  $267.50 $551.05
Special Features  10,000 bonus miles with min $50,000 annual spend

5,000 bonus miles with first spend

10,000 bonus miles with $10,000 spend in first 3 months

 5,000 bonus miles with first spend

10,000 bonus miles with $2,000 spend in first 6 months

50% discount miles redemption voucher with $75,000 spend by 30 Jun 17

Double miles accrual voucher with $15,000 spend by 30 Jun 17

 PPS Solitaire Card Before After
$1 Local Spend 1 mile 1.3 miles on first $3,800

1.5 miles on every $1 above $3,800

$1 Overseas Spend 1 mile 1.3 miles on first $3,800

2.4 miles on every $1 above $3,800

$1 SQ/MI Spend 2 miles 2 miles
Annual Fee $267.05 $551.05
Special Features 20,000 bonus miles with $10,000 spend in the first 3 months

10,000 bonus miles with a spend of >$50,000 in a year

10,000 additional bonus miles with a spend exceeding $100,000 in a year

5,000 bonus miles with first spend

15,000 bonus miles with $3,000 spend in first 6 months

Upgrade voucher to First Class with min $50,000 spend by 30 Jun 17

50% off redemption voucher with $75,000 spend by 30 Jun 17

First thought: holy double annual fee, batman.

Second thought: these are your most loyal customers, and you’re telling me you can’t offer a local/overseas earn rate as good as the UOB PRVI Miles card?

The 2 new features are described below-

Upgrade to Singapore Airlines Suites or First Class

They say: Enjoy a complimentary one-sector upgrade to the Singapore Airlines Suites or First Class when you spend above S$50,000 on your Card at singaporeair.com by 30 June 2017.

But wait: This only applies to revenue tickets. Also, changes are not allowed to any bookings this voucher is applied to. And by the way, it’s already an unpublished benefit that Solitaire PPS Club members get a birthday upgrade.

Side note: can we also take a moment to laugh at the phrasing of this


SQ does not fly to LON. There is no such airport code as LON. SQ flies to LHR. Seriously guys, get your stuff right.

50% KrisFlyer Miles Redemption Voucher

They say: Receive a 50% KrisFlyer Miles Redemption Voucher when you spend above S$75,000 on your Card by 30 June 2017. This voucher entitles you to a one-off 50% saving (capped at 50,000 KrisFlyer miles) when you redeem your KrisFlyer miles for an eligible redemption award booking

But wait: The maximum discount is 50,000 miles! SQ explains as much in their T&C document here


So while 50,000 miles is not to be sniffed at, it’s nowhere near as generous as the publicity materials make it sound (shocking news: marketing materials overpromise!)

And also, since you need to call the Krisflyer hotline to redeem this voucher, you are not entitled to the 15% discount on online bookings (see how SQ has prices SIN-SFO one way J as 80,000 miles and not 63,750 miles)

Oh, and the T&C say that no changes or cancellations are allowed for award bookings made under this voucher.  Enjoy!


It’s impossible to view this as anything other than a tacit acknowledgement from AMEX and SQ that their cobranded offering was hopelessly uncompetitive compared to the Banks’ offerings.The sad part is, even after the change, the Banks have much better miles-earning cards.

A secondary purpose of this exercise was to justify higher annual fees- something I don’t think you should pay in the first place (unless it represents a chance to buy miles at below 2 cents each). My experience with American Express is that they do not waive annual fees, but other people have reported success. YMMV.

If you take nothing else away from this TL;DR article, just promise me that you will stay far away from these awful, awful cards. Get a DBS Altitude. Get a UOB PRVI. Get a Citi Premiermiles. Hell, I’ll even allow you to talk to the OCBC Voyage salesperson. But don’t waste your valuable spending putting any money on these craptacular cobranded cards.

Abuse the term “travel hacking” at your own risk, AMEX and SQ.

cover photo by michaelcoghlan

A failure of the imagination: AMEX Imagine goes bye bye

It took me about 30 minutes to think up the headline for this article. But I think it was totally worth it.


Anyway, it was a sad day for the miles earning game as EZ Link announced it would be discontinuing the EZ Link Imagine AMEX Prepaid card.

A nifty FAQ is provided here which you should read if you have an active Imagine card. Card sales will cease 24 March, top ups can continue till 31 May and the card will no longer be accepted from 1 Sept.

Why was the card discontinued? I can’t imagine that people playing the miles game had anything to do with it- if anything, they probably kept the card alive much longer than it would otherwise have. I know plenty of people who would commit to spending $2,000 each month purely through that card, and in doing so earn 8,000 miles each month from the DBS Woman’s World Mastercard. I suspect that EZ Link simply decided it wasn’t earning enough from its share of transaction and top up admin fees (which I imagine AMEX kept a large share of).


What do I do now?

Well, first you should enjoy your last few cycles of top ups. March, April and May are still good for top ups, and that will net you another 24,000 miles if you use your DBS Woman’s World Card.

I have to admit I was never a big user of the Imagine because in the course of my job I typically make $2K+ of Paypal payments each month which lets me max out the DBS Woman’s Card. But there are people who understand the ins and outs of the card much better than me, and you can read their guru advice here.

After the Imagine, FEVO is your  next best option for maxing out your DBS Woman’s World Card. The card costs $28 and charges a 1% top up fee. Full fees below

Top-up Fees
Top-up Fee @ www.fevocard.com.sg and FEVO Mobile App From 1 July 2014, 1% convenience fee will be levied on top-up transactions
DBS/POSB iBanking $0.50 convenience fee on top-up transactions
Other Fees
Cross Currency Conversion 2.50% of transaction amount
Cross Border Conversion 1.50% of transaction amount
Dormancy Fee (after 3 months of non-financial inactivity) S$0.30 per month
Registered Mail S$3.50 per order
Refund Fee S$5.00

This move makes me worried that we might be seeing the end of prepaid cards in Singapore, which were never a big business to begin with. But really, who knows. No point worrying over something that may or may not happen.

It was good while it lasted.

DBS goes on devaluation spree

So, 3 nice surprises landed in my inbox this morning (well, technically 2, the CapitaCard one has been known for a while, but that sort of breaks the narrative flow so I’ll ignore it) from DBS.

DBS is cutting back the benefits on 3 cards- the DBS CapitaCard, the DBS LiveFresh and the DBS Black Card. Let’s go through the carnage, shall we?

DBS CapitaCard- no more free parking



Although it’s not a miles earning card, the DBS CapitaCard was one of the more useful cards to have because of the great free parking perk. So long as you charged $1,200 to your card (used to be $800) in a month, you’d get 3 hours free parking per day at any of the Capitamalls (Ion seemed to be excluded for some reason) for the month+2 after your spend (ie spend in Jan, enjoy in March)

Depending how much you visited the malls, this could be a real perk. As I mentioned in the DBS credit card omnibus

Put it this way- assume you visit the mall on both weekends. In 1 month, that’s 24 hours of free parking (8 weekends * 3 hours each day). Assume you’d be paying $2.40 an hour otherwise- $57.60 in total. Call it $60. $60 rebate on $1,200 is 5%. That’s fairly decent, if your assumptions hold true. Throw in a weeknight visit to the mall for dinner and you’d be even better off.

Unfortunately, this perk will be terminated effective 31st May, because devaluation. Without this perk, the card reverts to being a typical cashback card with special perks in Capitamalls. Is it worth it? Although they advertise 15% cashback, it’s more like 5-10% in most places. So think of this as a 5-10% cashback card for shopping (bags, clothes, shoes) only. I’d much prefer to use the Citibank Rewards card for my shopping at 4 miles per $1 though.

DBS LiveFresh- no more cashback, fewer category bonuses


It’s rare you see me crying about a cashback card, but the DBS LiveFresh was that unique combination of miles AND cashback. With this card, you’d earn 1.2 miles per $1 spent on online, travel, overseas and Paywave spend. Plus, you’d earn 6% cashback on online spend. With an income threshold of $30,000, this was one of the best entry level cards to have in your wallet.

So naturally, DBS is scaling back on the benefits- from 1 April, only online purchases and Paywave earns 1.2 miles per $1. And based on this table below, I’m assuming the 6% cashback goes byebye too.

Your Spend What You Get Back
Online Purchases 3X DBS Points
Local Visa payWave Transactions 3X DBS Points

It’s a shame because I really like the LiveFresh card. The student version is one of the best credit cards students can get.

DBS Black AMEX- miles earning cut in half


If the best general spending cards are out of your income bracket, your best alternative was to get this card for general spending. Yes, it gave a very sad 0.8 miles per $1, but it was better than the default 0.4 miles per $1 other lesser cards have.

Well, no more. Effective 1 April, the general spending rate for the DBS Black AMEX drops to 0.4 miles per $1.

I’m struggling to see what value the DBS Black cards have now, other than a vague sense of faux-exclusivity.

So, let the cancellations begin!