Cathay Pacific Asia Miles offering 10% bonus for credit card points transfers

Expired

From now till 31 March 2024, convert credit card points to Asia Miles with an uncapped 10% bonus.

Cathay Pacific – which has been having some rather bad operational issues of late- has launched a new Asia Miles transfer promo that offers a 10% bonus on all credit card points transfers completed by 31 March 2024.

Enjoy a 10% transfer bonus with Asia Miles

Registration is required, and there’s no minimum conversion required, nor cap on the maximum bonus that can be earned. This promotion is open to members whose preferred mailing country is outside Hong Kong.

Cathay Pacific 10% Asia Miles transfer bonus

Register Here

From 29 December 2023 to 31 March 2024, Asia Miles members who register via the promotion’s landing page and successfully convert credit card points will receive a 10% bonus.

There is no cap on the maximum bonus that can be earned, and the bonus applies to all transfers made during the promotion period (not just the first one).

As a reminder, your conversion must be completed by 31 March 2024 to be eligible for the bonus. There will be some lead time involved with every bank, so don’t wait till the last minute. I would recommend providing at least a one week buffer; two weeks if you’re paranoid.

When will the bonus be credited?

Miles transferred under this campaign will be credited in two batches:

  • The regular miles will credit initially according to the usual timeline
  • The 10% bonus miles will be credited within 8-10 weeks after 31 March 2024 (i.e. by 9 June 2024)

Based on a previous campaign (which also had a similar crediting timeline), bonus miles were credited 54 days after the end of the promotion period, so I’d say you should expect them to appear on schedule.

Members are responsible for notifying Asia Miles by 30 June 2024 if they do not receive their bonus miles. 

Terms & Conditions

The T&Cs of this offer can be found here

Which banks are eligible?

The full list of eligible banks can be found at this link; be sure to change the location (at the top of the screen) to see the relevant partners for your country. 

In Singapore, the following banks are participating:

💳 Minimum Transfer Blocks by Bank
BankTransfer Ratio
(w 10% bonus)
Platinum, Centurion400 MR points= 250 275 miles
All other cards450 MR points = 250 275 miles
27K BOC points = 6K 6.6K miles
25K TY points = 10K 11K miles
10K Citi Miles = 10K 11K miles
5K DBS Points = 10K 11K miles
25K HSBC points = 10K 11K miles
12.5K TREATS = 5K 5.5K miles
5K UNI$ = 10K 11K miles

Remember: the bonus is fulfilled by Cathay Pacific, so you will not see it reflected on the banks’ transfer portals when making the conversion. 

If you’re planning to transfer points from a HSBC credit card (other than TravelOne), do note that conversions are temporarily unavailable. This has been an issue since November, and while HSBC says they’re aware of the problem, no resolution has been forthcoming yet. 

How does this compare to previous bonuses?

Cathay Pacific typically offers 10-15% transfer bonuses, so this current offer would be on the lower end of the range. If you have no immediate need for Asia Miles, you shouldn’t feel obliged to jump on this promotion.

✈️ Asia Miles Transfer Bonuses
DateBonusBonus Cap
Dec 202310%None
May 202310%None
Jan 202310-15%None
Sep 202210-15%None
Jun 202215%5,000 miles
Dec 202010-15%None
Jan 202010%None
Nov 201810%2,000 miles
May 201820%None
Nov 201725%None
Sep 201718%None

Cathay’s recent Asia Miles devaluation

Cathay Pacific A350-1000 Business Class

Asia Miles underwent a devaluation on 1 October 2023, which saw an 8-29% increase in the cost of premium cabin awards.

✈️ Asia Miles Redemptions for Cathay Pacific Flights
(in 000’s)

DistanceYPYJF
1-7507.5111625
751 – 2,750
(Type 1)
1018
20
25
28
40
43
751 – 2,750
(Type 2)
10
12.5
18
23
25
32
40
50
2,751 – 5,00022
20
30
38
45
58
70
90
5,001 – 7,500*
30
27
40 or 45
50
65 or 70
84
100 or 110
125
7,501+42
38
60
75
85
110
125
160
*Formerly split into Type 1 & Type 2, now combined into one

Particularly noteworthy for Singapore-based members was the nerfing of the “65,000 miles Europe sweet spot” for Business Class travel.

Even though Asia Miles awards on Cathay Pacific will still be cheaper than KrisFlyer awards on Singapore Airlines for the ≤7,500 miles routes to Europe (84,000 Asia Miles vs 103,500 KrisFlyer miles), that advantage may not hold once you factor in the inconvenience of a stopover in Hong Kong, plus Cathay Pacific’s fuel surcharges (Singapore Airlines does not impose these).

A few other changes worth highlighting: 

  • Singapore to Europe in Economy Class has decreased from 30,000-42,000 miles to 27,000-38,000 miles (-10%)
  • Singapore to Hong Kong in Business Class has increased from 25,000 miles to 28,000 miles (+12%)
  • Singapore to Tokyo in Business Class has increased from 45,000 miles to 58,000 miles (+29%)
  • Singapore to San Francisco, Los Angeles and New York in Business Class has increased from 85,000 miles to 110,000 miles (+29%)

So unless your preference is to redeem seats in long-haul Economy Class, the changes were universally bad. 

Also devalued was the Asia Miles Multi-carrier Award (MCA) chart, which is bad news for anyone planning a pseudo round-the-world trip.

✈️ Asia Miles Multi-Carrier Award Chart
(in 000’s)

DistanceYJF
0 – 1,0003055
60
70
75
 1,001 – 1,500 30
35
60
65
80
85
 1,501 – 2,000 35
40
65
70
90
95
 2,001 – 4,000 35
45
70
80
95
110
 4,001 – 7,500 60
63
90
100
140
150
 7,501 – 9,000 65
68
100
120
150
165
 9,001 – 10,000 70
77
110
135
160
175
 10,001 – 14,000 90
95
135
170
220
250
 14,001 – 18,000 100
105
155
210
250
310
 18,001 – 20,000 105
115
165
230
260
330
 20,001 – 25,000 115
126
185
250
280
350
 25,001 – 35,000 130
140
210
265
300
365
 35,001 – 50,000 150
160
240
280
345
380

For example, if you planned to do a Business Class trip that covers 18,500 miles in total, the price you’d pay has increased from 165,000 miles to 230,000 miles (+40%). 

As a reminder, the multi-carrier award chart is used whenever an itinerary involves:

  • Two oneworld airlines, where Cathay Pacific is not included
  • Three or more oneworld airlines, where Cathay Pacific is included

Cathay, of course, spun this devaluation as an enhancement- no surprise there!

 

Previously I could redeem a flight award at a lower cost. Are you devaluing Asia Miles?

We are confident that the changes will deliver more value to our members. This will ensure that we are able to provide more redemption options to our members, so they can redeem their seats on their preferred flights. 

There’s still uses for Asia Miles to be sure, but I find it less compelling than before. For the full analysis of the October devaluation, refer to the post below.

Cathay Pacific Asia Miles devaluation coming October 2023

How much are Asia Miles service fees?

Asia Miles levies the following service fees for award bookings:

  • Date change: US$25 per person per sector (online) or US$40 per person per sector (phone)
  • Destination change: US$100 per person per ticket
  • Refund: US$120 per person per ticket 

When do Asia Miles expire?

All Asia Miles earned from 1 January 2020 never expire so long as you earn or redeem at least one mile every 18 months. 

Apart from converting credit card rewards points, you can keep your Asia Miles balance active by:

Given the wide range of options, there’s really no reason why your Asia Miles should be expiring. 

Conclusion

From now till 31 March 2024, Cathay Pacific is offering an uncapped 10% bonus on credit card points transfers. 

I’m relatively lukewarm about this for two main reasons: the October 2023 devaluation, and the fact that premium cabin award space on Cathay Pacific has become very tough to find (despite the programme promising “improved award seat availability” when spinning the devaluation).

Don’t forget that the bonus won’t be credited instantly; you’ll have a wait of up to 10 weeks after the end of the promotion. If you’re travelling in the near future, remember to factor that into your calculations.

(HT: lbs)

Aaron Wong
Aaron Wong
Aaron founded The Milelion to help people travel better for less and impress chiobu. He was 50% successful.

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Gab

does anyone have any idea when HSBC will resume Asia Miles transfers?

Benedict

Do you happen to have a guide on how to understand CX’s fuel surcharge? The website looks really confusing.

Josh

In case it helps I have this page bookmarked to search for awards https://www.asiamiles.com/en/redeem-awards/flight-awards.html%F0%9F%98%8E

Kevin

Somehow I ended in a redirection loop on login screen when I try to register. and impossible to find the link directly on the website. any help ?

Ieatmiles

Expect another devaluation after the promo ends.

Kevin

I clicked on the registration link from your article and other similar articles but the link doesn’t work. It sends you to Cathay but it keeps loading the sign-in page. Is there another link?

Anon

Is there even any sweet spots left for cathay? Or shld we move on from cathay?

John

Cathay Pacific’s PR game is nothing short of a circus act, spewing out press releases that are about as meaningful as a clown’s honk. While other airlines have been upgrading their fleet over the past decade, Cathay has been stuck in a nostalgic time warp. Their first-class is a relic from 2007, and the business class unchanged since 2016. Stepping onto one of their ancient 777s feels like a journey back in time to seats that should have been retired two decades ago. While competitors have embraced private doors in business class, Cathay seems content with dropping hints of potential… Read more »

Jeniffer

Is uob still part of the promotion? Somehow I don’t see them in eligible partners anymore

Josh

I thought I signed up before transferring points, but it appears there was one more link to click on the page.
Do you think it counts for retroactive transfers made in the time period after signing up? It doesn’t seem to call that out in the terms at least.

Josh

I did reach out to their twitter team and they seem to indicate this will work out fine.

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