Kris+ Black Friday offer: 40% milesback

To mark Black Friday, Kris+ is offering 40% milesback on all partners across Singapore, which boosts the value per mile to 1.11 cents apiece. 

While this is far from an eye-watering valuation, it may be enticing enough for people with expiring miles, especially since Singapore Airlines is discontinuing KrisFlyer miles extensions from 31 January 2023 onwards. 

S$5 for new Kris+ Users

Get S$5 (in the form of 750 KrisPay miles) when you sign-up with code W644363 and make your first transaction

Kris+ 40% milesback promotion

From 18-27 November 2022, Kris+ users will get 40% milesback on all transactions made through the Kris+ app. This includes both in-store payments, as well as partner vouchers purchased in-app through the Flash Deals section. 

To illustrate how this works, suppose you spend 15,000 KrisPay miles at a Kris+ merchant (S$100 value). You’ll receive an instant rebate of 6,000 miles, for a net outlay of 9,000 miles. 

This yields a value of 1.11 cents per mile, much better than the usual 0.67 cents per mile. For perspective, 40% milesback is one of the largest offers we see Kris+ running, just shy of the best-ever 45% milesback offer in November 2020.

Miles earned under the milesback promotion cannot be transferred into KrisFlyer, so to realise that full 1.11 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 a rebate of 6,000 miles
• Suppose you only spend these after the promotion period ends. Your milesback will be worth S$40 (6,000 miles @ 150 miles/S$1), which means your total value for 15,000 miles was S$100 + S$40, or 0.93 cents per mile

In other words, it’s an iterative process, and it takes a few transactions to get to the maximum value. Of course, it’s a moot point if you only spend KrisPay miles during milesback campaigns (as you should!). 

How does this compare to other redemption options?

A value of 1.11 cents per mile is nowhere as good as redeeming flights, but it would be one of the better options for using miles on the ground. I’d much sooner choose this than spending KrisFlyer miles on KrisShop or Pelago, for example. 

The utility of this promotion ultimately boils down to how much you value a mile, and your upcoming travel plans. If you see yourself booking an award flight soon, there’s really no reason to take advantage of this. But if you have a stash of expiring miles with no opportunity to use them, then this might be a decent exit strategy. 

Earn KrisPay miles via Kris+

While spending KrisFlyer miles via Kris+ may not be for everyone, earning them definitely should be.

Kris+ now partners with more than 300 popular retailers such as Bottles & Bottles, Challenger and Harvey Norman. Members can earn up to 9 mpd at participating merchants, which is stackable with credit card miles for a total earn rate of 13 mpd. 

Basically, all you do is:

1. Scan the merchant’s Kris+ QR code
2. Enter the amount to be paid, and press “Pay” to pay via Apple/Google Pay

Don’t forget to transfer any KrisPay miles you earn 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). 

In-app payments in Kris+ follow the underlying merchant’s regular MCC. In other words, simply use whatever credit card you’d normally use at that particular merchant. 

🍴 Best Cards for Kris+ Dining
Card	Earn Rate	Remarks
DBS WWMC Apply	4.0 mpd	Max. S$2K per c. month. Must be online (Kris+ codes as online)
HSBC Revolution Apply	4.0 mpd	Max. S$1K per c. month
UOB Lady’s Card Apply	4.0 mpd	Max. S$1K per c. month. Must choose dining as 10X category
UOB Lady’s Solitaire Apply	4.0 mpd	Max. S$3K per c. month. Must choose dining as 10X category
UOB Pref. Plat. Visa Apply	4.0 mpd	Max. S$1.1K per c. month
Maybank Horizon Apply	3.2 mpd	Min. S$300 spend per c. month on any category. Capped at ~S$4.2K per month
KrisFlyer UOB Card Apply	3.0 mpd	No cap
C. Month= Calendar Month | M. Year= Membership Year

🛍️ Best Cards for Kris+ Shopping
Card	Earn Rate	Remarks
DBS WWMC Apply	4.0 mpd	Max. S$2K per c. month. Must be online (Kris+ codes as online)
HSBC Revolution Apply	4.0 mpd	Max. S$1K per c. month
OCBC Titanium Rewards Apply	4.0 mpd	Max. S$12K per m. year
UOB Lady’s Card Apply	4.0 mpd	Max. S$1K per c. month. Must choose shopping as 10X category
UOB Lady’s Solitaire Apply	4.0 mpd	Max. S$3K per c. month. Must choose shopping as 10X category
KrisFlyer UOB Card Apply	3.0 mpd	No cap
C. Month= Calendar Month | S. Month= Statement Month | M. Year= Membership Year

S$20 off S$100 spend with Mastercard

As a reminder, from now till 30 November 2022 Kris+ users who make a single transaction of at least S$100 with a Mastercard debit or credit card at any Kris+ merchant will receive a rebate of S$20 (awarded in the form of 3,000 KrisPay miles).

Registration is not required. All payments on Kris+ must be made through Apple or Google Pay, so you’ll need to link your Mastercard debit or credit card to your wallet before payment.

The 3,000 KrisPay miles will be awarded within 10 working days of the transaction, and is capped at a maximum of one rebate per customer. 

Conclusion

Kris+’s Black Friday promotion offers 40% milesback till 27 November 2022, or a value of 1.11 cents per mile.

This is the largest milesback offer we’ve seen on Kris+ for a while, and may be worth considering in certain circumstances.