Get 40,000 miles when you sign up for an SCB X Card (no spending required)

Apply for an SCB X Card through SingSaver and get 40,000 miles upon paying the S$695.50 annual fee- no spending required.

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. 

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Apply for the SCB X Card’s 40,000 miles gift here

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.

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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: 

CardAnnual FeeMilesCost Per Mile
HSBC Visa InfiniteS$650*35K1.86
DBS AltitudeS$192.6010K1.93
KrisFlyer UOB Credit CardS$192.6010K1.93
OCBC 90NS$192.6010K1.93
Citi PremierMilesS$192.6010K1.93
Citi PrestigeS$53525K2.14
UOB Visa Infinite Metal CardS$64225K2.57
OCBC VOYAGES$488^15K3.25

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 FeeMiles with Annual FeeFCY Trxn Fee
S$30K (Priority Banking)
S$80K (Regular)
S$695.50
30,0003.5%
Local EarnFCY EarnSpecial EarnPoints Validity
1.2 mpd2.0  mpd
NoneNo 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. 

Airline Programs
Loyalty ProgramConversion Ratio
2.5:1
2.5:1
2.5:1
2.5:1
3:1
3:1
3:1
3.5:1
3.5:1
3.5:1
Hotel Programs
5:1
2.5:1

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.

Conclusion

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. 

Aaron Wong
Aaron founded The Milelion with the intention of helping people travel better for less and impressing chiobu. He was 50% successful.

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David

Halo
So for the bonus 10k miles with 6k spend is only applied to existing card holder that signed up through Singsaver?

Tks

David

Oh ok.. so for my case, i already have this card and i signed up through SC website, so in short this 10k Bonus miles i will not be eligible right?

Tks

Ben

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