Since I intend to do quite a fair bit of travelling, I was thinking might as well embark on some travel hacking.
DBS Woman’s World Mastercard
max $2k / month for $24K limit per year
$5 = 10 points = 20 miles = 8000 KF miles a month/ 96,000 KF miles a year
DBS Altitude Visa
$1 = 1.6 miles
Part 1 – How much are air miles worth?
It sounds almost silly, but how much air miles are worth depends on what you intend to do with them. I value air miles at S$0.02 (two Singapore cents) a mile, because that’s how much I usually save on air tickets when I get them with miles instead of money.
But how did I reach this magic figure of S$0.02 per mile? It’s quite simple really. I usually use air miles for only 2 things:
Economy class flights to Europe (ie. London, Paris, Milan, etc); and
Business class flights around South East Asia (ie. Bangkok, Bali, etc).
So, let’s start by looking at an Economy class flight from Singapore to Europe, and how miles work for that.
Today, a Singapore Airlines normal Economy class return ticket to London costs around S$2150. Using miles instead, it will cost S$750 and 59,500 miles. So, by using miles, I end up saving S$1400 in exchange for 59,500 miles, which means that the “exchange rate” is about 2.4 Singapore cents for 1 air mile.
Next, let’s look at a Business class flight from Singapore to Bangkok, and how miles work for that.
A Singapore Airlines normal Business class return ticket to Bangkok costs around S$1200. Using miles instead, it will cost S$65 and 34,000 miles. For this, I save S$1135 in exchange for using 34,000 miles. This means that the “exchange rate” here is about 3.3 Singapore cents for 1 air mile.
So that’s how I figure out how much air miles are worth to me. I value air miles at 2 Singapore cents a mile because that’s roughly how much I save on air tickets! Now, the actual figure is probably a little higher, since I can save up to over 3 Singapore cents when I use it for a Business class ticket to Bangkok, but the way I travel is a little mixed.
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