Asia Miles occasionally offers transfer bonuses from selected banks in Singapore. Some recent examples include:
- Sept 2017: 18% bonus for HSBC transfers, no cap
- Nov 2017: 25% bonus for Maybank transfers, no cap
- May 2018: 20% bonus for UOB transfers, no cap
- Nov 2018: 10% bonus for DBS transfers, capped at 2,000 miles
Well, another promotion has just been launched that covers all the banks in Singapore…
15% transfer promo for all banks until 28 Jan 2019
From now till 28 January 2019, Asia Miles members who convert points from eligible credit cards will earn an extra 15% miles, capped at 10,000 bonus miles. This cap means you’d max out the promotion by transferring the equivalent of 66,667 base miles.
The eligible banks in Singapore include:
In other words, every bank which partners with Asia Miles (except for American Express-issued AMEX cards) is eligible for this promotion. Bonus miles will be credited to your account within 6-8 weeks after the end of the promotion period (i.e. 28 Jan 2019). Read the terms and conditions of the promotion here.
Asia Miles underwent a devaluation earlier this year, where award prices for premium cabins increased by roughly 10-20%. Therefore, a 15% transfer bonus can help to offset some of the lost value. For me, the best way of using Asia Miles is for multi-carrier awards as these can offer lower costs and more flexibility than KrisFlyer RTW awards.