12-15% Bonus KrisFlyer Miles on Bank Point Conversions (2021)

12-15% Bonus KrisFlyer Miles on Bank Point Conversions (2021)
Singapore Airlines Business Class. Photo: Singapore Airlines.

Singapore Airlines is offering up to a 15% bonus when converting points from a bank rewards program to KrisFlyer miles until 22 November 2021.

The amount of bonus KrisFlyer miles awarded will depend on the number of points transferred. If you transfer the equivalent of 10,000-49,999 KrisFlyer miles in a single transaction, you’ll earn 12% bonus KrisFlyer miles. Credit card point transfers of 50,000 KrisFlyer miles or more at a time will earn a 15% bonus.

The following Australian credit card reward programs offer point conversions to KrisFlyer and are eligible for bonus miles:

  • American Express Membership Rewards
  • Diners Club Rewards
  • ANZ Rewards
  • Westpac Altitude
  • NAB Rewards
  • St George/Bank SA/Bank of Melbourne Amplify
  • Citibank Rewards
  • HSBC Rewards Plus

The full terms & conditions of this promotion are available on the Singapore Airlines website.

Singapore Airlines previously offered bonus miles on bank transfers from November 2020 until January 2021.

Earn KrisFlyer status by transferring points

In case you needed another incentive to transfer your credit card points to KrisFlyer, you can also earn KrisFlyer Elite Miles (which count towards status) on bank transfers made until February 2022! You’ll earn 1 Elite Mile for every 5 KrisFlyer miles received from a credit card transfer.

You would need to earn 25,000 Elite Miles within 12 months to earn KrisFlyer Silver status (equivalent to Star Alliance Silver) or 50,000 Elite Miles to reach KrisFlyer Gold (Star Alliance Gold).

There is even a “double dipping” opportunity here! According to the FAQs on the Singapore Airlines website, bonus miles from the current campaign will also contribute towards accumulating Elite Miles:

Bonus KrisFlyer and KrisPay miles from conversion under this Campaign will be eligible to accrue PPS Value or Elite miles under the KrisFlyer “Unlock Status Credits without Flying” campaign.

Redeeming KrisFlyer miles

Singapore Airlines KrisFlyer miles can be redeemed for reward flights on Singapore Airlines (obviously), as well as across the Star Alliance network. You can also redeem KrisFlyer miles to fly with partner airlines like Virgin Australia, Virgin Atlantic, Vistara and Alaska Airlines.

KrisFlyer miles are a relatively valuable currency as redemptions are generally excellent value. As Singapore Airlines is not currently releasing award inventory on its own flights to any partner airlines, KrisFlyer miles are currently the only currency you can use to book award flights on Singapore Airlines – which, as an added bonus, don’t attract any fuel surcharges.

A particularly good use of KrisFlyer miles is the KrisFlyer Star Alliance Round the World Award, which costs 240,000 KrisFlyer miles per passenger in Business Class.

But beware that KrisFlyer miles expire after 3 years, regardless of your account activity!

Velocity will also shortly offer bonus points on bank transfers

Velocity Frequent Flyer is expected to launch its own offer on point transfers from most Australian credit card reward programs on 1 November 2021. The Velocity offer will run throughout November and will come with 20-30% bonus points on transfers to Velocity Frequent Flyer.

However, when Velocity Frequent Flyer finally brings back partner airline redemptions from 2 November, you’ll only be able to redeem your points to travel on seven airlines. And on one of those airlines – Air Canada – reward flights will not even be available to/from Australia. This means there will be much fewer opportunities to redeem Velocity points for international travel, compared to using KrisFlyer miles. So if you plan to redeem your credit card points for international flights, KrisFlyer could be a better option.

Join the discussion on the Australian Frequent Flyer forum: 15%* bonus miles when you convert your bank reward points to KrisFlyer miles! (By 22 Nov 2021)

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Matt Graham
The editor of Australian Frequent Flyer, Matt's passion for travel has taken him to over 60 countries… with the help of frequent flyer points, of course!
Matt's favourite destinations (so far) are Germany, Brazil, New Zealand & Kazakhstan. His interests include economics, aviation & foreign languages, and he has a soft spot for good food and red wine.

You can contact Matt at [email protected]