Ever since October 2017, GrabRewards points have been transferable to KrisFlyer. The regular transfer rate is:
- Platinum: 1,400 points= 160 miles
- Everyone else: 1,500 points= 160 miles
For the month of June, GrabRewards is cutting the price for KrisFlyer miles in half. In other words:
- Platinum: 700 points= 160 miles
- Everyone else: 750 points= 160 miles
That’s pretty sweet, considering GrabRewards ran a limited time promotion yesterday where 10,000 points could be bought for just $10.
Assuming you managed to snag one of those packages (they’re all gone now), you’d have bought miles at 0.48 cents each (0.44 cents for Platinum). Granted, it’s low in absolute terms- just 2,080 miles (2,240 for Platinum), but it’s hard to argue with those prices.
What does this mean for my Grab transactions?
GrabRewards currently awards points according to the following charts:
If you can’t be bothered to do the sums in your head, here’s the so-what for different Grab transactions, in terms of miles per dollar:
|GrabPay||Grab rides and GrabFood (assuming GrabPay is used)|
The catch is that you can only redeem one “set” of miles at a time. After you redeem your GrabRewards points, the KrisFlyer miles option will disappear from the catalog and only reappear once the transaction goes through in a few day’s time. Given the promotion ends 30 June, this puts a limit on the number of transactions you can do.
Therefore, if you want to get in on this promotion, you should start transferring right away.
This is definitely a promotion you want to jump on, and given that GrabPay is pretty widely accepted now, it’s one that should help you give your miles balance a healthy boost. Just be sure to start those transfers asap.