Miles vs Cashback: How to calculate the Value of a Mile?

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Assume a $100 spend, you get 5% Cashback, that’s $5 which is easily quantifiable, can buy 1 bubble tea
But let’s say you get 4 mpd, that’s 400 miles. So how much is 400 miles worth to you? Can 400 miles buy 1 bubble tea? Actually can, if you go to Gong Cha and use Kris+ app payment, can even get 10% off if you pay with Krispay miles. So if you haven’t sign up for Kris+ can use my referral to get $5 free, But that’s not the point
The point is, whether miles or cashback is more valuable and today, we will try to find the answer
Part 1: Basic understanding of miles redemption value (Economy class)
Part 2: Optimising your miles to fly Business class
What can miles be used for, in particular Singapore Airlines Krisflyer miles
Other than Transferring to Kris+ app and pay for lifestyle goods & services
- Partially/fully pay for the flight ticket of the airline/partners
- Redeem flight tickets
SIN-TYO (HND or NRT) in June 10-17 Holidays (peak)
1) Partially/fully pay with miles
2) Redeem with miles
Max value of a mile
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[@HoneyMoneySG]

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[@chilly2171]

1.25 cpm, that's 1.25cpm * 4 miles per dollar = 5 cents per dollar, that's an effective cash back worthiness of 5% or so.

[@sasukeuchiha-gq7ye]

One of the best tutorial for mile vs cash. Welldone

[@garyhb8686]

Great video, thanks Chris!

[@mohammadabdullah2198]

Great Explanation Buddy!

[@Lavender-ci4qr]

May I know if there’s a admin fee if I use uob credit card to make iras tax payment