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Singapore Airlines KrisFlyer loyalty programme has launched a potentially very interesting new offer. You can now earn elite status without even having to set foot on a plane!
What is the offer?
“From now till 28 February 2022, accumulate Elite miles as you shop, spend and convert partner reward points to KrisFlyer miles, to count towards an upgrade to KrisFlyer Elite Silver or Gold status.”
There are all sorts of partners included in the offer (full details here), but from a UK perspective, this is the important bit:
The ‘global bank partners‘ include both HSBC and American Express.
As you can see below, KrisFlyer Silver status requires 25,000 elite miles, and Gold status requires 50,000.
To get Silver status then, you would therefore have to transfer 250,000 HSBC Premier Reward Points (which would get you 125,000 redeemable KrisFlyer Miles and 25,000 Elite Miles); or 187,500 American Express Membership Rewards Points (given the new 3:2 transfer ratio).
To earn Gold status, you’d be looking at 500,000 HSBC Points, or 375,000 Amex Points. Remember, you then also have 250,000 redeemable KrisFlyer Miles, as well as Gold status.
Note that you need to transfer in batches that result in at least 10,000 redeemable KrisFlyer Miles for the transfer to also count towards elite status.
Any way to ‘hack’ the deal?
Sort of, yes.
In fact, it works out better than that though, because when you transfer your existing UK Amex Membership Rewards balance to the Dollar Card, they get converted at the prevailing exchange rate – currently 1.37. So, 100,000 Amex UK MR Points becomes 137,000 Amex International MR Points, which could be transferred across to 137,000 Singapore KrisFlyer Miles.
If you did that, you would only require ~91,250 UK Amex MR Points (transferred via the international card) to get Silver status; or ~182,500 for Gold.
Maximising this promotion might sound a little bit complicated and it does require a lot of Amex Points. However, the potential value here is enormous and you’ve got until 28th February 2022 to collect points (and get your head around the deal!).