Back in December 2019, Cathay Pacific announced an overhaul of the Asia Miles expiry policy: All miles earned from 1 January 2020 onwards would never expire, so long as a member earned or redeemed at least one mile every 18 months.
This was a welcome change, but since Cathay applied the new policy prospectively, any miles earned up till 31 December 2019 would still follow the old policy and expire after three years.
For members who wanted to rejuvenate their pre-2020 vintage Asia Miles, Cathay Pacific launched a “Mileage Renewal Offer” at the start of 2022. This allowed members to convert expiring Asia Miles into non-expiring ones by transferring at least 30,000 miles from credit card points.
This offer was originally set to lapse on 31 March 2022, but has now been extended till 30 September 2022.
Convert expiring Asia Miles into non-expiring ones
|Asia Miles Renewal Offer|
From now till 30 September 2022, Asia Miles members who register and convert at least 30,000 Asia Miles from credit card points will have their entire balance (regardless of when it was earned) brought under the new activity-based expiry scheme.
Take advantage of our exclusive mileage renewal offer, and the balance of miles you earned before 1 January 2020 will be renewed, free of charge!
That way, all your miles will fall under the activity-based system and stay active as long as you earn or redeem miles at least once every 18 months
- Suppose I’ve earned 100,000 Asia Miles before 1 January 2020, and 50,000 Asia Miles from 1 January 2020
- During the promotion period, I convert 30,000 Asia Miles from credit card points
- I will now have 180,000 Asia Miles, all of which are under the 18-month activity-based expiry policy
Cathay Pacific will also renew any miles that expired from January 2022 onwards, should you meet the 30,000 miles conversion requirement. I suppose they’ve included this clause to cover any miles that may expire in the period after you’ve transferred your bank points, but before Cathay Pacific does the extension.
This offer is available worldwide, and all Asia Miles partners in Singapore are participating:
|Bank||Conversion Rate||Conversion Fee|
|American Express||450 MR points= 250 miles*||N/A|
|Bank of China||27,000 BOC points= 6,000 miles||S$30|
|Citibank||25,000 ThankYou points= 10,000 miles||S$26.75|
|10,000 Citi Miles= 10,000 miles|
|DBS||5,000 DBS points= 10,000 miles||S$26.75|
|HSBC||25,000 HSBC points= 10,000 miles||S$42.80|
|Maybank||12,500 TREATS= 5,000 miles||S$26.75|
|UOB||5,000 UNI$= 10,000 miles||S$25|
|*400 MR points=250 miles for AMEX Centurion or Platinum Charge|
All renewals will take place within 6 weeks after the promotion period, i.e. by 11 August 2022
The full T&C of this offer can be found here.
Should you take up this offer?
If this offer came around pre-COVID, I’d almost certainly have taken it up without second thought. I have 212,264 Asia Miles that were earned before 1 January 2020, and if converting 30,000 more makes them all evergreen, why not?
But COVID has thrown a whole new spanner into the works. With Hong Kong’s obsessive COVID-zero approach, I have major concerns about the future of Cathay Pacific. The recent decision to ban all transit passengers through Hong Kong Airport suggests that the COVID-zero goal outweighs even Cathay’s survival, and I think the smart money might be on minimising your Asia Miles balance as much as possible.
In that sense, Asia Miles expiry should not be a concern, because you shouldn’t be holding on to a significant-sized balance for any extended period of time.
Asia Miles certainly has some sweet spots, although these have been undermined somewhat by the return of fuel surcharges on Cathay Pacific flights. It’s been long rumoured that Air China may acquire Cathay Pacific, and should that happen, who knows what the fate of your Asia Miles will be?
Cathay Pacific is offering Asia Miles members an opportunity to convert their expiring Asia Miles into evergreen ones, simply by transferring the equivalent of 30,000 Asia Miles from credit card points.
This would have been a lot tempting pre-COVID, but with all that’s happened to Cathay since then, I’d be very hesitant about holding on to more Asia Miles than I have to.
Do you plan to convert your expiring Asia Miles into evergreen ones?