American Express has launched a new targeted promotion for Centurion, Platinum Charge, and Singapore Airlines cobrand cardholders that allows them to buy up to 250,000 KrisFlyer miles at just 1.48 cents each.
This is subject to hitting a minimum spend of S$500 and paying a one-time administrative fee.
If you’re eligible, you’ll have received an eDM with more details.
Buy KrisFlyer miles at 1.48 cents each with AMEX cards
Eligible American Express members are required to register and spend at least S$500 during the spending period, as per the timelines below:
|Register By||Spend Period|
|AMEX Platinum Charge/ AMEX Centurion||17 July 2020||24 June- 31 July 2020|
|All AMEX Singapore Airlines Credit Cards||8 July 2020||24 June- 8 July 2020|
The registration method varies depending on which card you hold:
- Platinum Charge/Centurion: Call The Platinum Concierge at 1800 392 1177 or your relationship manager
- AMEX Singapore Airlines Cards: Email details to [email protected]
|⚠️ Registration requires your full name, mobile number, KrisFlyer membership number and confirmation of participation. I get that they’re trying to give the Platinum Charge/Centurion cardholders the personal touch, but I’d seriously prefer the simplicity of an email address|
After meeting the spending threshold, registered cardholders will be charged a one-time fee and receive the following miles in return:
|Card||One-time Fee||KrisFlyer Miles||Cost Per Mile|
|AMEX Platinum Charge||S$1,622
|AMEX Solitaire PPS Credit Card||S$1,622||110,000||1.48|
|AMEX PPS Credit Card||S$1,622||110,000||1.48|
|AMEX KrisFlyer Ascend||S$1,512||102,500||1.48|
|AMEX KrisFlyer Credit Card||S$738||50,000||1.48|
|The above data points are sourced from the Milelion Community, and it’s possible there are other variants out there. If you have a different one, please sound out!
The one-time fee will be charged by 21 August for Platinum Charge/Centurion members, and 30 August for AMEX Singapore Airlines Credit Card members, with miles credited by 30 October.
If you fail to meet the minimum spend of S$500, you will not be charged the one-time fee.
Do note that unlike other “spend and buy miles” promotions we’ve seen from other banks, miles will be directly deposited into your KrisFlyer account. AMEX Platinum Charge and Centurion cardholders are therefore not buying Membership Rewards points; they’re buying miles. You won’t have the option to transfer these to any of the other 10 partners AMEX has.
Is it worth buying KrisFlyer miles at 1.48 cents?
1.48 cents is a fairly low threshold, but once again it all boils down to how much you value a mile.
For the sake of perspective, it’s possible to buy miles from as low as 1.07 cents each, provided you have the right cards and an income tax bill to pay. Alternatively, you could buy miles from 1.17 cents if you have a rental bill, or 1.38 cents if you have an insurance, MCST bill, electricity bill, or car loan.
If you don’t have any of those, or if you’ve exhausted the limits of your bills, then this can be a potentially lucrative option.
Despite the close relationship that AMEX has with Singapore Airlines, this is the first time I can think of them selling miles directly. This could be a potentially attractive opportunity for some people, but as with all miles purchase promotions during Covid-19, you need to know what you’re getting into.
If you received targeted offers other than the ones above, do sound out below!