โI want a credit card with points that donโt expire.โ
Thatโs something I hear from many people, and to be fair, itโs a perfectly reasonable ask. After all, it may take a while to save up for your first big redemption. Thereโs nothing worse than getting pulled back from the finish line because some points you earned at the start of the journey expired!

Even though I donโt think expiring points should be that big a concern (Iโll explain why later), letโs deal with the question at hand first.
๐ณ Credit Card FAQs |
This article forms part of a series on Credit Card FAQs. Refer to the articles below for answers to other common questions. |
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How long are credit card points valid for?
Hereโs a summary of expiry policies by bank (note that some banks may have more than one rewards currency):
๐ธ Points Expiry Policy |
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Bank | Currency | Expiry |
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Membership Rewards | No expiry |
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Rewards Points | 12-24 months |
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Citi Miles | No expiry |
ThankYou Points | Up to 5 years1 | |
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DBS Points | 1 year2 |
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Rewards Points | 37 months |
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TREATS | 1 year3 |
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OCBC$ | 2 years |
90ยฐN Miles | No expiry | |
VOYAGE Miles | No expiry | |
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360ยฐ Rewards Points | Up to 3 years4 |
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UNI$ | 2 years |
1. ThankYou Points earned on the Citi Prestige Card do not expire 2. DBS Points earned on the DBS Altitude Card, DBS Insignia Card and DBS Treasures AMEX do not expire; DBS Points earned on the DBS Vantage Card are valid for three years 3. TREATS Points earned by Rewards Infinite members do not expire 4. 360ยฐ Rewards Points earned by StanChart Beyond Card, StanChart Journey Card, StanChart Visa Infinite and StanChart Priority Visa Infinite do not expire |
But thatโs not the whole story! Where it gets confusing is that even within the same bank, the same points earned on different cards may have different expiry policies.
For example, DBS Points earned on the Womanโs World Card expire after one year, but DBS Points earned on the Altitude cards never expire. Similarly, ThankYou points earned on the Citi Rewards Card are valid for up to five years, but ThankYou points earned on the Citi Prestige Card never expire.
So in addition to the general rules above, itโs helpful to set out which specific cards earn non-expiring points:
๐ณ Cards with Non-expiring Points | ||
Card | Local Earn | FCY Earn |
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1.5-2 mpd1 | 3-4 mpd2 |
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1.4 mpd3 |
3 mpd3 |
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1.2 mpd | 3.2 mpd4 |
![]() (Premier, PPC, BOS) |
1.6 mpd | 2.3 mpd |
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1.2 mpd | 2.4 mpd |
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1.3 mpd |
2.2 mpd |
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1.3 mpd | 2.2 mpd |
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1.3 mpd | 2.1 mpd |
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1.2 mpd | 2.2 mpd |
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1.3 mpd | 2 mpd |
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1.2 mpd | 2 mpd |
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1 mpd | 1 mpd |
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0.78 mpd | 0.78 mpd |
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0.69 mpd | 0.69 mpd |
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0.69 mpd | 0.69 mpd |
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0.4 mpd | 3.2 mpd5 |
1. 1.5 mpd for regular customers, 2 mpd for Priority Banking and Priority Private 2. 3 mpd for regular customers, 3.5 mpd for Priority Banking, 4 mpd for Priority Private 3. With a minimum spend of S$2,000 per statement month, otherwise 1 mpd for both 4. With a minimum spend of S$4,000 per calendar month, otherwise 2 mpd 5. With a minimum spend of S$4,000 per calendar month; 2.8 mpd with a minimum spend of S$800 per calendar month, otherwise 0.4 mpd |
Are non-expiring points really that important?
Although itโs nice to earn points that donโt expire, I donโt believe this should be your key criteria for choosing a card. Thatโs because:
- You have more time than you think
- You shouldnโt be holding on to points so long that expiry becomes an issue
You have more time than you think
Most credit cards in Singapore earn points that are valid for at least 2 years. After that, you can transfer them to KrisFlyer where theyโre valid for a further 3 years.
๐ณ Exception: DBS Womanโs World Card |
Points earned on the DBS Womanโs World Card expire after 1 year. Thatโs annoying, but the ability to earn 4 mpd on S$2K of online spending each month makes me willing to pay the additional transfer fees necessitated by the short expiry period. |
Therefore, in most cases, you have at least 5 years to save up for your desired redemption. If youโre not able to accumulate enough miles in that period for at least one award flight, it suggests that:
- youโre not optimising your miles collection strategy
- your miles goal is too ambitious relative to your spending (e.g. trying to redeem for too many people, or in too high a cabin)
- your absolute spending levels are too low (but before you write off the miles game as only for big spenders, consider whether youโre truly optimising your miles collection in the first place)
You shouldnโt be holding on to points indefinitely
Non-expiring points can be a bad thing, if they encourage you to hold them indefinitely without any clear redemption plan. The longer you hold your points, the more vulnerable you are to devaluations.
Take KrisFlyer, for example. Historically speaking, KrisFlyer devalued every 4-5 years. However, recent events suggest that the gap between successive devaluations has shortened to 2-3 years.
Saving up your miles for retirement might have been viable in the early days of frequent flyer programmes, but itโs unthinkable today. Given how airlines are handing out miles for everything from opening a credit card to buying flowers, the pace of devaluations is only likely to accelerate in the future.
To put it another way, miles are amazing, but theyโre the worst investment to hold. They donโt earn interest, theyโre not protected by deposit insurance, and they can only be devalued. Earn and burn, not earn and hold!
But what about transfer fees?
Itโs certainly true that non-expiring points help minimise transfer fees, because thereโs no pressure to cash them out before youโre ready. For example, if you hold a DBS Womanโs World Card, youโll have to transfer points at least once every 12 months, or else forfeit them.
๐ฐ Points Conversion Fees by Bank |
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Issuer | Per Conversion | Annual Option |
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S$201 | N/A |
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S$30 | N/A |
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S$27.252 | N/A |
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S$27.253 | S$43.604 |
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Free | N/A |
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S$27.255 | N/A |
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S$25 | N/A |
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S$27.25 | N/A |
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S$256 | S$507 |
1. Waived for all Platinum and Centurion Cardholders 2. Waived for Citi ULTIMA Cardholders 3. Waived for DBS Insignia Cardholders 4. Automatic conversions in blocks of 500 DBS points (1,000 miles) each quarter. Additional ad-hoc redemptions can be done for free 5. Waived for Maybank Visa Infinite and Maybank World Mastercard Cardholders 6. Waived for UOB Reserve, UOB Visa Infinite Metal, UOB Visa Infinite and UOB Privilege Banking Cardholders 7. Automatic conversions in blocks of UNI$2,500 (5,000 miles) each month for balances above UNI$15,000. Additional ad-hoc redemptions cost S$25 each |
While transfer fees are annoying and you should be doing all you can to minimise them, I feel theyโre ultimately insignificant in the grand scheme of things. To put it another way: I wouldnโt actively avoid the DBS Womanโs World Card or the UOB Preferred Platinum Visa just because they earn points with 1-2 years expiry. The opportunity cost of foregone miles far outweighs any additional transfer fees.
Conclusion
While itโs nice to have non-expiring points, it ultimately isnโt that big a factor in my decision whether or not to get a particular card.
So my advice is not to get too hung up about this. Pick cards on the basis of their earn rates and transfer partners, and with the right accumulation strategy, youโll be earning and burning points so fast that expiry wonโt even be an issue.
Hi, still a noob in the mile games. Do we have to transfer the moment we hit the tier? For example, dbs points โ I have 5000 enough for 10k miles, do I transfer now or at which point is ideal to transfer into krisflyer account? Thanks!
No, you can hold until you need to transfer/DBS points going to expire but in blocks of 5K.
Thanks!
Hi Aaron. iโm holding citibank premier miles cc. my initial plan is to slowly and steadily accumulate 280,000 miles so that i could plan a honeymoon to New York with my wife-to-be (2-way Biz class). That will means my wife and i need to spend about $187,000 in order to achieve that (assume average 1.5mpd earn). Hope to achieve that in 5 years time; that will mean spending about $3100 per month. However, seeing your article about the devaluations prompted me to have a second thought on my Plan. I thought traveling in Biz class for 20 hours is aโฆ Read more ยป
dude- you should NOT be earning miles at a 1.5 mpd rate. if you are, youโre doing it wrong. there are many ways to earn a much higher weighted average with sign up bonuses and specialised spending cards. have a read of this and youโll be able to accelerate your miles collection.
hi,
Earn miles that never expire!
DBS Points earned on your DBS Altitude Card do not expire.
DBS Altitude Card โ Miles Credit Card for Air Travel | DBS Singapore