Singapore Airlines KrisFlyer loyalty programme is out there with a new credit card transfer bonus, which might be of interest to some of you. This is perhaps the first time I remember Singapore Airlines running a transfer bonus across the board in many countries in one go so it would be of interest to many geographies.

Singapore Airlines KrisFlyer 15% transfer bonus

Singapore Airlines is offering a 15% transfer bonus when you convert your credit card reward points into KrisFlyer miles for the rest of this year. Singapore Airlines KrisFlyer is offering the promotional bonus for transferred credit card points which hit your KrisFlyer Account by December 27, 2020. To be eligible to receive the conversion bonus, you need to transfer in at least 10,000 KrisFlyer miles in one transfer transaction. There is no cap on the number of miles you can transfer and the number of miles you can receive as a bonus with this campaign. No registration is required.

In specific geographies such as Brunei, Hong Kong and Indonesia, the bonus would go up to 20% more miles. To convert your Credit Card points to miles, you need to have a simple three-step process:

• Log in to your bank rewards account.
• Convert your bank reward points to KrisFlyer miles, with a minimum of 10,000 KrisFlyer miles in a single transaction to qualify for bonus miles.
• Receive 15% more miles on your base KrisFlyer miles converted in your KrisFlyer account.

For India, the following transferable points programmes are eligible:

• American Express Membership Rewards (2 MR: 1 KF Mile, so transfer at least 20,000 Membership Rewards points to get the bonus)
• Citibank (2 PremierMiles: 1 KF Mile/1 Prestige Point: 4 KF Miles, so transfer at least 20,000 PremierMiles or 2,500 Prestige points to get the bonus)
• HDFC Bank (different ratios for different cards)
• HSBC (1 Reward Point: 1 KF Mile except for MMT co-brand card, so transfer at least 10,000 points to get the bonus)

This page lists the bonuses for all countries, so visit Singapore Airlines to know the bonus for your bank in your country.

Should you transfer points to KrisFlyer at this time?

The answer is yes, and no. Singapore Airlines does not usually offer transfer bonuses of their own, so this is after a long while that they have offered a transfer bonus from credit cards. The more important reason is, the premium cabin inventory from Singapore Airlines is restricted usually to KrisFlyer members only, so tough luck with those who want to book it via other programmes. A third one is, you can use all the bonus points for a Star Alliance redemption as well.

On the other hand, Singapore Airlines is currently vastly restricted in its operations, and the First Class/Suites cabin is not being sold till late 2021 at the moment. That means hardly any redemption opportunity on SQ itself for the time being. Plus, you can’t head into Singapore from most countries at this point. And at the moment, flexible transfer programmes are your best bet to keep your points in.

Bottomline

Singapore Airlines is offering a 15% credit card transfer bonus at the moment for transferring in points from credit card programmes to their KrisFlyer programme. Admittedly this is a huge income stream for SQ, and there might have been a reduction in transfers to KF wants to remind everyone about their option to transfer to their programme at the moment. You have the opportunity to move points and make sure they hit your KrisFlyer account by December 27, 2020.

Anyone planning to transfer points and benefit from this promotion?

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