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From now till 30 April 2020, Standard Chartered is offering 40,000 miles for new or existing customers who pay the hefty annual fee of $695.50. There is no spending requirement. This deal is exclusive to applications via the special link below.
Is it a good deal?
Although Standard Chartered has more transfer partners than most other banks, they only have decent transfer ratio for 4 loyalty programs. Of these four, only Singapore Airlines (may…be British Airways) is useful to most who are based in Singapore. For this example, let’s assume that you will be transferring your Standard Chartered points to Singapore Airlines Krisflyer.
I value Krisflyer miles at $0.017 each and explained why. It is extremely important to have a valuation for each of the points/miles currencies that you are accumulating in the Miles Game so that you don’t accumulate miles blindly and fall for bad offers. If you do not have a valuation yet, you will be safe with mine.
Paying $695.50 for 40,000 Krisflyer miles means that you are paying $0.0174 per mile. This is about 2% more expensive than my valuation of $0.017. While this is not a great deal, it is not a bad one either.
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Who is it good for?
If you are sitting on loads of Krisflyer miles that you are having trouble clearing in this difficult time, there is no real reason to accumulate more. This deal is alright if you really need the miles for a redemption in the not-too-distant future. Miles will be credited to your Standard Chartered account by 31 May 2020.
Conclusion
I’m not gonna lie, Standard Chartered cards are not great for miles/points accumulation. None of their cards made it to my list of the best credit cards. Although this is not a good promotion, they do have great sign-up bonuses all the time, offering hundreds of dollars of cash or AirPods for credit card sign ups without annual fees and spending requirement. We are working with them to offer AirPods Pro for sign-ups in the coming days. So, hold your clicks and stay tuned!
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