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. 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
UOB PRVI Miles
American Express Card is the best credit card for miles due
to its 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 for large expenses
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 5,000 miles + 15,000 miles by spending $6,000 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 Millennium Hotels and Resorts and four complimentary lounge
access vouchers to SATS Premier and Plaza Premium Lounges anually.
PremierMiles Card may only allow cardholders to earn 1.2 miles
for every $1 spent locally but lets you earn a whooping 10 miles
per $1 spent on selected online travel partners.
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
OCBC VOYAGE Visa Infinite
Card awards 2.3 air miles (2.3 VOYAGE Miles) per $1 equivalent
spend in foreign currency and local dining. The main advantage of
this card lies with the fact that VOYAGE Miles can be used to redeem
air tickets on any airlines with flexibility of partial or full
redemption for yourself or your family members. VOYAGE Miles never
expire and there is no conversion cost for redemptions. In the event
VOYAGE Miles are used for air tickets redemption, the redeemed tickets
can still earn new VOYAGE Miles. Cardholders can also earn 15,000
air miles upon signup.
Rewards Visa / MasterCard Card earns 10X Citi$ 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. In addition,
it also awards 10X OCBC$ for using Andriod pay, Samsung pay and
Apple pay which are now widely accepted at most popular merchants.
This has enabled this card to become one of the best air miles credit
cards for those who spend a lot on shopping.