If you are a miles-chaser, the new American Express Krisflyer credit card is definitely worth paying attention for. Although the earning rates per dollar spent are not attractive, you can easily attain 8,500 bonus miles. With 8,500 bonus miles, you are nearly a quarter nearer to redeem a return business class ticket from Singapore to Hong Kong.
1. A Quick Overview On The New American Express Krisflyer Credit Card
The bonus miles is easily attainable. However,the earning rates is not spectacular. If the annual fee is not waive-able, I do not see a need to keep this card.
There are other cards in the market where you can maximize your earning rate (miles) per dollar spent. Additionally, those cards that offer bonus miles per annual fee paid are worth keeping as well.
For comparison purposes, the below table shows similar credit cards with better offering in other areas than the new American Express Krisflyer Credit Card.
Links: New American Express Krisflyer Credit Card, DBS Altitude Visa Signature, ANZ Travel VIsa Signature, Citibank Premiermiles Amex, Citibank Premiermiles Visa
For a complete guide on the best credit cards for earning miles in Singapore, you may click here to find out more.
2. If You Are New To The Miles Game
One of the best way to generate these miles is through credit cards. When you pick your cards to generate miles, you should focus on these 3 areas:
1. Sign up bonus miles
2. Bonus miles from paying annual fee
3. Card that fits your spending habit and offers you good earning rates per dollar spent.
With the right credit cards, you can fly premium cabins at a fraction of the price. The diagram below shows an example of how you can fund your next dream holiday:
You definitely do not have to wait after 5 years to redeem this flight as shown in the above example. For a complete guide on the best credit cards to earn miles in Singapore, you may click here to find out more.
Disclaimer: Presentation slide template is taken from slidescarnival.com. Cover picture is taken from americanexpress.com
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