Kris+ offering 30% milesback and 5X KrisPay miles (10 mpd) at three dining merchants

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This month, earn 30% milesback on all Kris+ merchants, and up to 10 mpd with the KrisPay Food Trail (plus 4 mpd from your credit card).

From now till 24 January 2021, Kris+ (formerly known as KrisPay) is offering 30% milesback on all merchants across Singapore. Members can also earn 5X the usual KrisPay miles at three restaurants as part of the Kris+ Food Trail challenge, up till 31 January 2021. 

Kris+ 30% milesback promotion

Kris+ is currently offering 30% milesback at all merchants up till 24 January 2021. 

There is no cap on the maximum milesback Kris+ users can receive. To illustrate how this works, suppose you spend 15,000 KrisPay miles at a merchant (S$100 value). You’ll receive a rebate of 4,500 miles, for a net outlay of 10,500 miles. 

Paid 30% Milesback Net Outlay Value per Mile
15,000 (S$100) 4,500 10,500 0.95 cents

This yields a value of 0.95 cents per mile, somewhat better than the usual 0.67 cents per mile but well shy of the best-ever 45% milesback offer we saw in November 2020.

It’s important to note that miles earned under this milesback promotion cannot be transferred back into KrisFlyer, so to realise that full 0.95 cents, you’ll need to make a few transactions during the promotion period. For example: 

  • You transfer 15,000 miles to Kris+ and spend them for S$100
  • You’ll receive 4,500 in milesback
  • Suppose you only spend this after the promotion ends. Your milesback will be worth about S$30 (150 KrisPay miles= S$1), which means your total value for 15,000 miles was S$100 + S$30, or 0.867 cents per mile

So it’s an iterative process, and it takes a few transactions to get to that 0.95 cents/mile figure. 

The T&Cs link in the Kris+ app is currently serving up an error message, so let’s see if they fix that. 

How does this compare to other redemption options?

Very poorly. 0.95 cents per mile represents relatively poor value for your miles, compared to the other things you can do with them. 

Option Value per mile
Flight Redemptions 2-6 cents
Shangri-La conversion 1.4 cents*
Pay with miles for flights 1.02 cents
Kris+ (under current promotion) 0.95 cents
KrisFlyer vRooms 0.8 cents
KrisShop 0.8 cents
TapForMore conversion 0.73 cents
*Assumes you have GC Jade/Diamond status and use points for F&B at 10 GC points= US$1.25. If regular member, 10 GC points= US$1, i.e value is 1.1 cents/mile

Ultimately this all boils down to how much you value a mile. If your valuation is below 0.95 cents, then this Kris+ promotion can make sense. That said, if your valuation is really so low, you’d be better off earning cashback in the first place. 

Earn 5X KrisPay miles with the Kris+ Food Trail

From 8-31 January 2021, Kris+ users will earn 5X the usual KrisPay miles at Perch, The Spot and WAKANUI. This means a rate of 10 mpd, instead of the usual 2 mpd

Merchant Location Earn Rate
Perch Jewel Changi Airport 2 mpd
10 mpd
The Spot Marina One East Tower 2 mpd
10 mpd
WAKANUI Marina One West Tower 2 mpd
10 mpd

I’ve never tried any of these three restaurants so I can’t vouch for the quality, but for what it’s worth, Perch is on The Entertainer app (both the full fledged one, and the one that comes free with HSBC credit cards) so there’s some 1-for-1 goodness to be had. 

Those who dine at least once at all three restaurants (defined as earning miles from your spend or using miles to offset the cost of your meal) will earn a one-time bonus of 2,000 KrisPay miles. 

This is worth ~S$13.33 when used through Kris+, and the bonus miles cannot be transferred into your KrisFlyer account. The T&C of this offer can be found here

How do I earn miles with Kris+?

The old KrisPay app received a major visual makeover when Kris+ launched, and the “Earn” button was relocated. To find it now, tap “Wallet” on the home screen, then “Earn”. You’ll need to manually type in the amount you’re spending, which generates a QR code that you let the cashier scan. 

Frankly, I’m not a fan of this process as anything that requires manual customer input is prone to errors and forgetfulness. 

Speaking of forgetfulness, it’s not enough to remember to earn- you need to remember to transfer too. KrisPay miles earned via Kris+ can only be transferred to KrisFlyer within 7 days of the transaction. Wait any longer, and they’ll be stuck in Kris+ forever (with a six month expiry, to boot). 

Fortunately, a big “transfer to KrisFlyer” button appears upon completing your transaction, so there’s no excuse to not do it immediately. 

Also, if you happen to spend a portion of the miles earned via Kris+, the whole chunk can’t be transferred to KrisFlyer. For example, if I earn 100 miles on a given Kris+ transaction and spend 10 of them, I can’t transfer the remaining 90 to KrisFlyer.

But there’s no reason you should be spending miles via Kris+ anyway, because you earn a dismal 0.67 cents per mile when you do so. This value is sometimes boosted through the various Kris+ milesback promotions, but I still wouldn’t advise it. 

What card should I use with Kris+?

There is no such thing as the “best card for Kris+”, because it all boils down to which merchant you’re transacting with. Remember, your credit card is still charged by the merchant as per normal; all you’re doing is using the Kris+ app to pick up some extra miles in the process.

The simplest option is just to use mobile payments (not tapping the physical card) with the UOB Preferred Platinum Visa, which earns you 4 mpd on the first S$1,110 per month. 

Otherwise, you can use the following cards for dining, and stack the miles with the miles from Kris+.

  Earn Rate Caps

HSBC Revolution
Apply here

4.0 mpd S$1,000 per month. Must use contactless
Review
UOB Lady’s Card
Apply here
4.0 mpd S$1,000 per month. Must choose dining as 10X category
Review
UOB Lady’s Solitaire
Apply here
4.0 mpd S$3,000 per month. Must choose dining as 10X category
Review

Conclusion

A 30% milesback promotion is not enough for me to bite, but if you’re intending to dine at Perch, The Spot or WAKANUI, then 10 mpd (plus up to 4 mpd with your credit cards) is none too shabby. 

Remember to transfer any miles earned via Kris+ to KrisFlyer within 7 days of your transaction, or else they’ll be stuck in the app. 

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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Jake

If I rack up 20 dollars at a merchant, and only have 10 dollars worth of krispay miles,

any idea if 1. I will be able to use up my 10 dollars krispay miles (remaining 10 dollars via other payment mode); or 2. does my krispay miles need to be able to fully cover the payment?

Thanks!

Jake

thanks Aaron!

UK_Ship

I find the Krispay app a shambles – i tried to use it at Pizza express at Jewel to get the discount; the staff couldn’t even turn on the hand-held, then the discount could not be found – in the end i gave up on the whole process

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