Mileage Credit Cards
Many credit cards that are promoted as mileage credit cards (see Credit Card for Miles) are actually simply earning a higher number of reward points which can be converted to air miles for a fee. Different banks have different credit cards air miles redemption rates and also different fees for the conversion. It is important to take all these into account when looking for the right credit card to accumulate miles on.
Types of Mileage Credit Cards
Mileage credit cards belong to category-based spending credit cards
or broad-based spending credit cards or a mixture of both in order
to attract more signups. Category-based spending credit cards usually
reward users with miles (or points) for spending on specific categories
such as Dining,
Shopping or Overseas
Spending and are covered under their respective reviews. Broad-based
spending credit cards are cards which reward users with miles (or
points) for spending on everything but sometimes with specific payment
methods. Category-based spending credit cards tend to have a higher
mileage earn rate for their specific spend category as compared
to broad-based spending mileage credit cards for spending on anything.
A short comparison for broad-based spending credit cards is covered
in the table below.
Broad-based Spending Mileage Credit Cards Comparison Table
Best Credit Card for Miles
The newly launched BOC
Elite Miles World MasterCard is the best credit card for miles
due to its high promotional earn rate of 5 miles per $1 overseas
spend and 2 miles per $1 local spend. Even after the promtional
rates ends on 31 Dec 2018, the card will still earn you a market
leading 3 miles per $1 overseas spend and 1.5 miles per $1 local
spend. There is also no minimum spend and no maximum cap on miles
Other Mileage Credit Cards with Promotions
The American Express Rewards Card comes with an annual fee of $53.50 that cannot be waived and only earns 1 Membership Reward point for every $1 spent. However, a promotion allows you to receive 24,000 bonus Membership Reward points when you spend $500 a month for the first three months of card membership. This translates to an earn rate of 8.53 miles for every $1 spend if you spend exactly $1,553.50 (including the annual fee and earn 13,250 miles) in the first three months.
Another interesting promotion by American Express allows American
Express Singapore Airlines KrisFlyer Ascend Credit Card cardholders
to earn 7,000 miles + 13,000 miles + 16,000 miles by spending $5,000
+ $5,000 within 3 months of approval. This is on top of an earn
rate of 1.2 miles per $1 spent. Cardholders will be automatically
upgraded to the KrisFlyer Elite Gold Membership tier when they spend
above $15,000 at singaporeair.com within 12 months approval. They
can also enjoy a complimentary night stay at Hilton Properties in
Asia Pacific and four complimentary lounge access vouchers to SATS
Premier and Plaza Premium Lounges anually. If paying for annual
feees is not your thing, you can consider the American
Express Singapore Airlines KrisFlyer Credit Card instead as
it awards 7,000 miles + 6,000 miles + 12,000 miles by spending $2,000
+ $3,000 within 3 months of approval. This is on top of an earn
rate of 1.1 miles per $1 spent and a free first year fee waiver.
The previously best mileage card UOB
PRVI Miles American Express Card has a high earn rate of 2.4
miles per $1 overseas spend, 1.4 miles per $1 spend locally and
6 miles per $1 spend on Expedia.
The most attractive thing about this card is that you will also
receive a bonus of 20,000 miles every year if you spend more than
$50,000 a year and is a great card for you to use forlarge expenses
like wedding or car purchase.
DBS Altitude Visa Signature Card also lets cardholders earn 1.2 miles for every $1 spent locally but has a low minimum income requirement of $30,000 a year which is much lower compared to the other mileage credit cards.
OCBC VOYAGE Visa Infinite Card awards 2.3 air miles (2.3 VOYAGE Miles) per $1 equivalent spend in foreign currency and local dining. The main advantage of this card lies with the fact that VOYAGE Miles can be used to redeem air tickets on any airlines with flexibility of partial or full redemption for yourself or your family members. VOYAGE Miles never expire and there is no conversion cost for redemptions. In the event VOYAGE Miles are used for air tickets redemption, the redeemed tickets can still earn new VOYAGE Miles. Cardholders can also earn 15,000 air miles upon signup.
Rewards Visa / MasterCard Card earns 10X Rewards Points or 4
air miles for shopping for clothes, shoes or bags locally or overseas
and online or offline.
Titanium Rewards Card earns 10X OCBC$ or 4 air miles for shopping
for babies and children’s wear, department stores, clothes, shoes
and bags, electronics and gadgets and personal care.