![]() ![]() While this is debatable (and I don’t have the data to back it up), it feels like premium cabin Saver awards have become much harder to find, especially in First ClassĪll this to say it’s high time to revisit the valuation, and in this post I’ll walk you through how I came to my new figure.The Stopover Trick has been nerfed, reducing the opportunities to stretch your miles.KrisFlyer has further hiked Saver award prices by 8-16%.Miles purchase facilities like Citi PayAll have lowered the price of buying miles to as little as 0.8 cents each.KrisFlyer offered 15% transfer bonuses in 20, plus elite status for transferring credit card points, greatly increasing the number of miles in circulation.Singapore Airlines devalued the rate for mixing KrisFlyer miles + cash from 1.02 cents to 0.95 cents each.COVID-19 made air travel practically impossible for 18 months, leading people to burn miles on things they’d never have dreamed of normally.I last looked at the value of a KrisFlyer mile in mid-2019, and a lot has happened since then: How my valuation has evolved First Class Saver space has become increasingly difficult to find Valuing a KrisFlyer mile, post devaluation.Treatment of existing Stopover Trick tickets.Complimentary stopovers capped at 30 days from 1 August 2022.No option to add paid stopovers from 1 August 2022.Star Alliance partner awards increasing by 8-16%.Advantage awards on Singapore Airlines unchanged, except travel from Singapore to Zones 10-13 (Africa, Middle East, Turkey, Europe, USA, Canada).Saver awards on Singapore Airlines increasing by 8-16%.Any date changes to an existing award ticket made from 5 July 2022 will not trigger the new prices.Waitlists that are not ticketed by 4 July 2022 will be charged the new prices, regardless of when the waitlist request was made.All awards ticketed from 5 July 2022 will follow new prices.All awards ticketed up till 4 July 2022 will follow existing prices, regardless of travel date.In light of the recent KrisFlyer devaluation, I think it’s time to revisit the value of a KrisFlyer mile once more. While there’s some math we can do to establish the upper and lower limits, where you fall on that continuum is entirely dependent on you, your philosophy and your travel patterns. Unfortunately, there’s no black and white answer because the value of a mile is subjective. You can’t answer any of these unless you know how much a mile is worth. Is it “worth it” to pay a S$192.60 annual fee in exchange for 10,000 miles?.Is it “worth it” to pay a 2% admin fee to earn miles on your bills with Citi PayAll?.Is it “worth it” to forgo 5% cashback with ShopBack for 3 mpd with KrisFlyer Spree?.Is it “worth it” to pay a 3.25% foreign currency transaction fee to earn miles overseas?.This fundamental question underpins every decision you make in the miles and points game: ![]()
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