QUOTE(v2_vehooi @ Jul 25 2019, 02:51 PM)
walao...Numerous platforms like RentHero and CardUp have sprung up, allowing you to buy miles from 1.2 cents each
1.2 cent usd means around RM0.05 per krisflyer miles. is it so cheap???
Yup, but too bad only in Sg.
I think the currency is in SGD, not USD, so SGD 1.2X cents should be less than RM0.04, which is a relatively good value if you utilize your miles properly.
For us, we get 500TP = RM1 redemption; 5000TP = 1000 miles, hence you get 1 mile = RM0.01.
If you are not using M2P, the rate will be higher, say RM0.02, where you shouldn't redeem anything below this value (you rather use it for aeon voucher).
As mentioned by limeuu above, it is not "fair" to compare the value while redeeming for business / first class, as 99% here will only use cash to pay for economy class ticket.
Most of the time, you can achieve RM0.03 - RM0.06 while redeeming economy class ticket (especially when flying long distance), but this is not the optimum value.
For the above calculation, we are assuming the miles are free due to our daily expenses.
However, if you are "buying" miles, say at RM0.04, it is foolish if you are redeeming for RM0.04 or RM0.05...
Hence we always aim higher close to RM0.10, then I will say the miles bought are worth the value (technically, it is equivalent to paying economy class, flying business / first).
Nevertheless, everyone value miles differently.
Some of them are satisfied with RM0.05 redemption value (as long as higher value compare to aeon voucher), bringing whole family of 8 flying economy class on holiday every year.
Some of them will aim for the highest value ~RM0.20, flying suite class for honeymoon, once a lifetime ma, getting a lot WOW in the FB.
So, it is up to you how to utilize the miles and how you rate the miles value.
Personally, I am targetting RM0.10 for redemption (for special case, I think RM0.08 is acceptable).
I won't mind buying miles at RM0.03, RM0.04, or probably RM0.05, but I will only go with proper channel (don't get flagged by BNM/LHDN).