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Miles or cash back more worth it

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Old 04-08-2019, 08:14 PM   #1
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Miles or cash back more worth it

Hi everyone

I wonder whether it is more worthwhile to accumulate miles or cash back for credit card? Anyone did any comparison before?
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Old 04-08-2019, 08:19 PM   #2
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If you are someone who prefer short term gain, go Cashback otherwise choose miles.
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Old 04-08-2019, 08:54 PM   #3
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Quite a few years ago I calc the conversion rate. If you can get cash back of >1.6% you are better off getting cashback and outright buy the airtix yourself over the same term.
Of course rates would have changed over the years . But agar agar is around there .
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Old 04-08-2019, 10:59 PM   #4
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Ask this kind of question will have no answer one. 各有千秋 (each got its own advantages).

For me, I choose cashback because my spending pattern is not enough to accumulate sufficient miles to fly me anywhere. Yes, cashback cards have minimum spends but I choose cards that have no minimum spending requirements.
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Old 04-08-2019, 11:09 PM   #5
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I prefer Cashback over airmiles.

The reason is because of being put on a waitlist for airmiles redemption.
There are just too many other customers with the same idea of airmiles redemption.
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Old 04-08-2019, 11:11 PM   #6
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I prefer Cashback over airmiles.

The reason is because of being put on a waitlist for airmiles redemption.
There are just too many other customers with the same idea of airmiles redemption.
Still not enough mile chasers

In more mature market, redemption cost is so high and availability is so low.....
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Old 05-08-2019, 07:41 AM   #7
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Quite a few years ago I calc the conversion rate. If you can get cash back of >1.6% you are better off getting cashback and outright buy the airtix yourself over the same term.
Of course rates would have changed over the years . But agar agar is around there .
I guess u are using economy ticket to calculate. Try using business class ticket to calculate and see the difference

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Old 05-08-2019, 08:21 AM   #8
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Used to miles chaser and now switch to cash back. reason as below :-
-Miles tickets booking availability very low, need to book in advanced. (may as well buy promo tickets instead)
-Miles redemption may change from time to time and effected your plan.
-I used to book 3 tickets for my travel plan, it may take me many years to accumulate.
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Old 05-08-2019, 09:40 AM   #9
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I guess u are using economy ticket to calculate. Try using business class ticket to calculate and see the difference

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That only works if you will take business class cash or redemption.

How many will be willing to fork out cash for business class? especially short haul?
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Old 05-08-2019, 10:36 AM   #10
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That only works if you will take business class cash or redemption.

How many will be willing to fork out cash for business class? especially short haul?
It will be based on your own valuation of business class rather than the dollar price.
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Old 05-08-2019, 10:38 AM   #11
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That only works if you will take business class cash or redemption.

How many will be willing to fork out cash for business class? especially short haul?
That's why u use the wrong value to calculate. Miles redemption only worth if u redeem for business onwards and not economy.

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Old 05-08-2019, 11:52 AM   #12
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That's why u use the wrong value to calculate. Miles redemption only worth if u redeem for business onwards and not economy.

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if miles has $ value to you.
u need to calc the 0% interest u've lost while accumulating for the trip
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Last edited by badsector; 05-08-2019 at 03:41 PM..
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Old 05-08-2019, 11:59 AM   #13
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Long story short, worth it only if you value business class travel. The experience of flying business is something you likely won't pay for, and it's "special" enough that it counts as part of the vacation experience itself, which is worth something.
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Old 05-08-2019, 02:14 PM   #14
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Only long haul flights to Europe , US or South America are worth the extra expense of business class .

Otherwise it is just a plain waste of money .

Long story short, worth it only if you value business class travel. The experience of flying business is something you likely won't pay for, and it's "special" enough that it counts as part of the vacation experience itself, which is worth something.
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Old 05-08-2019, 02:18 PM   #15
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That's why u use the wrong value to calculate. Miles redemption only worth if u redeem for business onwards and not economy.

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which you never pay cash? so use 0 as the value?
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