Miles VS Cashback

[MaoZeDuo]

How to determine which is more worth it?

For example spending on Amazon:
1. using Citi rewards gives u 20x
2. using cimb visa gives u 10%

 

[xersion]

Miles is normally value at $0.02/miles...eventually it still goes down to what u prefer

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[epigram]

I personally opt for miles everytime.

 

[elnewbie]

For $100, you get 800 miles. Question is really whether you think $10 Is worth 800 miles.

Also, don't forget that cimb has min spend of $500 And 8 transactions of $30 each to fulfil before qualifying.

How to determine which is more worth it?

For example spending on Amazon:
1. using Citi rewards gives u 20x
2. using cimb visa gives u 10%

 

[invisible999]

How to determine which is more worth it?

Does lor mee worth more than chicken rice?

 

[MaoZeDuo]

Thanks guys

Does lor mee worth more than chicken rice?

Got it... choosing lor mee

 

[invisible999]

Got it... choosing lor mee

At the same time, someone likes chicken rice more, right?

 

[Layers]

Miles always better. U compare the pts needed for a air tix vs Cashback / vouchers.

But to redeem is another matter. I would try once if I like the process or not

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[OngHuatHuat]

Cashback is more clearcut, but miles are more worthy for long haul flights and easier to get(not so many conditions to fulfill, especially minimum spendings)

Miles always better. U compare the pts needed for a air tix vs Cashback / vouchers.

But to redeem is another matter. I would try once if I like the process or not

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[dahnoob]

Not necessarily true. For regional economy, I'm pretty sure cashback offers a higher value if the traveller does not need the flexibility of an award ticket.

Miles always better. U compare the pts needed for a air tix vs Cashback / vouchers.

But to redeem is another matter. I would try once if I like the process or not

Sent from Sony E6853 using GAGT

 

[vince123123]

Yup, case in point. I was looking out for fares to TPE. Super Saver Economy costs around $500 and would have cost 30,000 miles. Therefore each mile is 1.6 cents. 4mpd card will give a 6.67% rebate.

But I prefer miles for the same reason as yywin, no need to track so many criteria or min spending and caps.

 

[elnewbie]

Vince,
Clear your mailbox. Can't PM you.

Yup, case in point. I was looking out for fares to TPE. Super Saver Economy costs around $500 and would have cost 30,000 miles. Therefore each mile is 1.6 cents. 4mpd card will give a 6.67% rebate.

But I prefer miles for the same reason as yywin, no need to track so many criteria or min spending and caps.

 

[fone]

Yup, case in point. I was looking out for fares to TPE. Super Saver Economy costs around $500 and would have cost 30,000 miles. Therefore each mile is 1.6 cents. 4mpd card will give a 6.67% rebate.

But I prefer miles for the same reason as yywin, no need to track so many criteria or min spending and caps.

For Super Saver Economy, kindly subtract away the taxes, and just the fare part. Now with the new redemption, taxes are rather low, this is a good estimate, but esp calculated cost per mile, you should remove the taxes which is payable for redemption. One should also factor in the "limited" availability for redemption, whereas, if you are looking at Super Saver, it should be available immediate, though redemption tickets offer much more flexibility.

How to determine which is more worth it?

For example spending on Amazon:
1. using Citi rewards gives u 20x
2. using cimb visa gives u 10%

Personally, I'd rate the accrued miles at $0.01 per mile, for such calculations. It is easy to calculate and gives leeway for the other fees involved. So Citi rewards gives 20x or 8 miles per $, that is calculated at 8% rebate, while CIMB gives 10%.

Others will beg to differ on the rate, but with rebate, it goes into your cashflow, esp for the low spenders. With $900 spending, you get 18k pts or 7200 miles. Citibank transfer is now in 10k blocks (is this miles or points?). Anyway, you don't get the full 7200 miles in your Krisflyer account for redemption. But with $900 spend, you get $90 cash/statement credit, which you most likely will use up. This $90 can then be put towards the $500 ticket for use.

Miles game is not for everyone, unless you can spend quite a bit (assuming no expiring of your credit card points), or really know how to use your card.

 

[vince123123]

Paiseh...

HWZ shd just give us 10000 PM space lol

Vince,
Clear your mailbox. Can't PM you.

 

[invisible999]

Yup, case in point. I was looking out for fares to TPE. Super Saver Economy costs around $500 and would have cost 30,000 miles. Therefore each mile is 1.6 cents. 4mpd card will give a 6.67% rebate.

You can log on to Jetstar website right now and buy return ticket for $198 with all taxes and fees.

 

[zack14]

miles .

 

[Knightoftheblackrose]

Cashback

When you redeem miles, you have to spend more $.
For eg need to book Hotel.
Plane tickets need to pay taxes

 

[Henabi]

if you are a high spender, then getting miles will make more sense

 

[jaysontanqy]

Miles definitely.

 

[revhappy]

I usually travel budget airlines, so I guess miles not worth for me. I am not a big spender either. Sometimes 600k a month sometimes only 300k

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