|Important Note: An earlier version of this article referred to a 10,000 miles sign up bonus with S$6K spending. SingSaver has since updated the offer to remove the spending requirement.|
The SCB X Card hasn’t had a sign up bonus since the start of this year, when it called time on the 60,000 miles offer. Since then, customers have had to settle for 30,000 miles in exchange for paying the S$695.50 annual fee, hardly a compelling proposition.
That’s about to change.
From now till 30 April 2020, customers who are approved for an SCB X Card through SingSaver and pay the S$695.50 annual fee receive a total of 40,000 miles. There’s no spending required.
This offer applies to both new and existing SCB cardholders, and is fulfilled by SCB (so there’s no need to fill up a separate rewards form). Applying through any of the links in this article will tag your application to the SingSaver deal.
The 40,000 miles (in the form of 100,000 360° Rewards Points) will be credited to your account by 31 May 2020.
Is it worth it?
You’re basically paying S$695.50 for 40,000 miles, or 1.74 cents per mile. As far as buying miles in Singapore goes, this is a decent price- and because there’s no spending required, there’s no foregone opportunity cost either.
Here’s how much you’d pay to buy miles through annual fees on other cards:
|Card||Annual Fee||Miles||Cost Per Mile|
|HSBC Visa Infinite||S$650*||35K||1.86|
|KrisFlyer UOB Credit Card||S$192.60||10K||1.93|
|UOB Visa Infinite Metal Card||S$642||25K||2.57|
If you’re looking for sign up bonuses (where spending is required), you can check out the full list here.
Recap: SCB X Card basics
|Income Req.||Annual Fee||Miles with Annual Fee||FCY Trxn Fee|
|S$30K (Priority Banking)|
|Local Earn||FCY Earn||Special Earn||Points Validity|
|1.2 mpd||2.0 mpd||None||No expiry|
The SCB X Card earns 1.2 mpd on local spending and 2.0 mpd on foreign currency spending. From now till 30 June 2020, customers who spend at least S$2,000 in a month will earn 3.0 mpd on foreign currency spending.
Points earned on the SCB X Card do not expire, and can be transferred to 11 different airline and hotel loyalty programs for S$26.75 per conversion.
|Loyalty Program||Conversion Ratio|
SCB has been running some good value transfer bonuses recently- we’ve seen 100% bonuses for Emirates Skywards and Accor Live Limitless (both of which have since expired). Let’s hope the team has more planned, because this is now SCB’s flagship product after the recent retirement of the SCB Visa Infinite.
This is a good chance to pick up some additional miles if you’re willing to pay 1.74 cents for them. Remember that you have a wide range of transfer partners to choose from, so bide your time and see what bonuses come along.