How to Grab more air miles with your credit card
There are so many ways to maximize your spend to get more out of it. Globetrotters, specifically, will try to make the system work for them and acquire as much air miles as they can to keep traveling.
The most common way to collect air miles is through a good credit card that lets you accumulate air miles for every dollar you spend. Mind you, it’s not just a dollar for every mile – some might even give you more miles for every dollar spent.
Another lesser known method is through ride-hailing app, Grab. Its GrabRewards system lets you trade points for air miles too. But here’s something not many people, perhaps even you, might be aware of – when you pay for a Grab ride with your air miles credit card, you are getting more air miles than normal.
Sounds too good to be true? Believe it, because this is how you can maximize your Grab rides to get more air miles.
Link the right credit card to your Grab app
Like we said, not all credit cards are created equal. Some are great for shopping. Others are built to get you to where you want to go with its air miles gathering skill. In short, you’ll want to use the card with the best air miles program to pay for all your Grab rides.
To make it even easier for you, consider cards such as the Citi PremierMiles Visa Card, which gives you up to 1.2 miles per $1 spent in Singapore. Let’s say you spend $300 per month for your Grab rides. That’s 360 miles per month and potentially up to 4,320 miles per year.
We haven’t even reached the best part yet – how would you like an additional 10,000 miles every year? It’s quite simple – just make sure you pay for the annual renewal fee of $192.60, inclusive of GST. Look, we know how tempting it is to waive the annual fee. But think about it – for that amount, you are getting 10,000 air miles or 51.9 miles per dollar just for paying the card's annual fee.
So in total, you are getting 14,320 miles per year with the Citi PremierMiles Visa Card – which is quite a decent amount.
Convert your GrabRewards points to air miles
Before we proceed, know this – GrabRewards is split into four tiers – Member, Silver, Gold and Platinum. Needless to say, the higher your level, the more rewards you get. The good news, regardless of which tier you’re on, you get 16 points for every dollar you pay with your credit card linked to GrabPay. With the above example of a Grab spending of $300 per month, you are looking at clocking 4800 GrabRewards points per month.
Here is the part where you get rewarded for riding more with Grab. Depending on the tier you’re on, the number of points you need to exchange for Singapore Airline’s Krisflyer miles will vary. For example, a Platinum user can get 1000 Krisflyer miles in exchange for 11,000 GrabRewards points. That’s 5,236 miles per year that you get just for taking Grab rides.
So how does it all add up?
Considering the above calculation, you are looking at getting almost 20,000 air miles per year. That’s close to a ticket to Bangkok via Singapore Airlines. If you are looking at it from a mile per dollar ratio perspective:
(14,320 + 5,236) / (300 x 12) + 192.6) = 5.17 air miles per dollar
Of course, the caveat is that you need to be on the highest GrabRewards tier to hit this ratio. Beyond Grab, if you add up the air miles you acquire through other spending methods such as shopping or bill payments, you are set for your next holiday to Bangkok.
Besides, if you had to choose between paying for a car versus taking Grab to accumulate air miles, we think the option is beary obvious. But hey, if you insist on owning a sweet hunk of steel to drive around town, who are we to be in your way? In fact, we’ve laid out the cost of owning car in Singapore, just for you. Don’t forget to find the right car insurance, because you know, it’s better to be safe than sorry. Also, it’s mandatory to have a valid car insurance before you own your first set of wheels.
Click on www.gobear.com/sg/credit-card to find and compare other credit cards in Singapore based on your spending habits.