What to do with 2.5 million Krisflyer miles?

[phaleesy]

If and when I do accumulate 2.5 million KF miles, I'd keep my mouth shut. Can't bear the thought of everyone scrutinizing my flying pattern and credit card expenditure.

FYI, I do accumulate lots of miles just from supermarket/petrol spend, payment to the Inland Revenue, rent, etc. People do buy their cars with credit cards too, so accumulating 2.5 million miles might be possible (though I'm not familiar with KF's earning system).

I agree about the pointlessness of carrying on about first class too.

[Pinkfloyd]

Last I looked it's 3 years (+ applicable status extensions).

Really? I always thought it was 2 years (minus the extensions, that is..).

Edit: Finally decided to check and you are right SQJunkie, it is 3 years... Apologies...

[Pinkfloyd]

I don't know about KF miles but with other miles, it's easily possible to accumulate a few million in a few years with supermarket spend, churning by topping up prepay cards, paying taxes and other scheme current/in the past.

From what I know, the only other way of earning KF miles (besides flights, car rentals and hotel stays) is via the KF AMEX card in SIN.

[Pinkfloyd]

Even at 3 years, with just 56,000 miles flown from June to January, what's he been buying, houses ?.

A leading stake in Imelda Marcos's Shoe Museum, perhaps?

[kapitan]

I just watch the George Clooney film during flight back last night, well, he earned 10 million miles... hahhaa

[pavion]

There are also ways of earning through other cards such as the Citibank Premier Miles or DBS Altitude, where each one would require about 2million dollars in spending to get that many miles

[HUGE AL]

This thread just got good

hahahahaha I was skeptical...up until post #4.

[man, this j-keyboard is hard to type on!]

I don't know about KF miles but with other miles, it's easily possible to accumulate a few million in a few years with supermarket spend, churning by topping up prepay cards, paying taxes and other scheme current/in the past.

Trust me, it's not that easy.

[SMK77]

I have accumulated just over 2.5 million Krisflyer Miles. Is it possible to donate the miles to charity so that can benefit a charity? Life is more about giving that carrying on about travelling in first class.

Gunnners

That's a great thought and I hope that you will be able to make this come true.

A word of warning though: Airlines turning miles into donations will apply a very very low value per mile - the airlines I know would give less then 1 US-Cent per mile to the charity and that doesn't feel right to me.

Unless you find a charity yourself that SQ authorizes to use the points, this will be difficult.

Best way to maximise the money for the charity is to find up to five nominees who can use miles for their own use and in return give the money to your desired charity.

[phaleesy]

A $2.5 million expenditure is small change for some...

Carrying on with the doubtful speculation in this thread seems like sour grapes to me.

[spw21]

This might be slightly OT but what is the ratio of spending:miles for the SQ Amex card? (For example SGD2:1 KF mile). If one can get over a million miles in 2-3 years, the ratio must be really good, or he/she's a big spender. (Not to step on anyone's toes here )

[lee_apromise]

Even at 3 years, with just 56,000 miles flown from June to January, what's he been buying, houses ?.

Just out of curiosity, can one actually buy a property with a credit card? If so, will they make you to pay some sort of surcharge? I have always wanted to know but could not find an answer for that.

[SQJunkie]

Carrying on with the doubtful speculation in this thread seems like sour grapes to me.

No need to speculate. Answer is here it would seem:

http://www.sqtalk.com/forums/showthread.php?t=9108

Like many other fans of SIA I have been collecting Krisflyer points through a variety of means including credit cards, flights, hotels and hire cars.

(Man Flyer, I'm surprised you missed that one. )

[phaleesy]

SQJunkie, you're such a detective.

[N_Architect]

Just out of curiosity, can one actually buy a property with a credit card?

Properties are in general purchased through other means, and in many countries it is generally not possible to buy such an 'item' by using a credit card (I believe Greece is one of them and perhaps you would know if the same applies for The Republic of Korea).

Having said that though, I believe that the U.S. is a place where this is indeed possible. I had heard a story thirteen years ago, from my first boss, a native of Philadelphia, that with that 'special' Platinum (or whatever else it was) AmEx he could buy anything - there was no limit at all. For example it is not rare that such a card can be used to buy a car, for example.

I do not have such a card (yet!) but am sure there will be someone here in the boards who will know more on this, or even own such a card (of course whether they would like to talk about it is rightfully a different issue).

[jhm]

I had heard a story thirteen years ago, from my first boss, a native of Philadelphia, that with that 'special' Platinum (or whatever else it was) AmEx he could buy anything - there was no limit at all.

You're probably talking about the Centurion card which is not that rare. And of course there's a limit even for that card but just that - as with all the Amex chargecards - Amex just don't openly tell you what it is. In any event, you can if you want for a big purchase pay in advance on to your card and then spend using it - Amex will be more than happy to take their X% percentage cut of the purchase price.