There are many cards out in the market that promise to give you bonus points of up to 10x the number of points per $1 or $5 spent on your credit card if you use the cards wisely at certain merchants. However, it can be quite confusing especially if you do not use the cards very often. So does it mean that 10x would always be better than 5x? Well, we have compiled a table of the various credit cards that offer acceleration of credit card points if you use the card at the correct place and across the banks, we have used KF miles as a benchmark to determine how much spending is needed to accrue that amount of miles (Do note that Bank of China does not allow conversion to KF miles, only to Asia miles. Nevertheless, for most banks, the number of points needed for redemption for Asia miles and KF miles are the same)
1. The best of the lot is AMEX platinum card, as you only need to spend $1600 to get 10k KF miles. (Well, if you are the selected Centurion and Platinum Charge cardmembership, you earn 20x points/$1, so it’s only $800!!!)What’s more, there is a free Palate card where you can use it to save up to 50% on dining at selected restaurants and if you spend more than $7500 in the first 12 months, you get a free TUMI luggage worth $825! However, do take note that the number of establishments that belong to this Platinum Preferred partners is quite limited. The list is available here.
2. Citibank, DBS and UOB 10x acceleration programmes are all comparable as you need to spend $2500 to get 1000 KF miles. Of course, there will be subtle differences if you exchange the points for vouchers instead. Nevertheless, do take note that CITI$ are earned per $1 spent whereas UNI$ and DBS points are earned per $5 spent, so a $4.99 spent using citibank card will get you 4 CITI$ but UOB and DBS cards will earn 0 points/$.
3. Bank of China redemption scheme is very bad, so do not bother signing up for it even though it promises accleration of 3x points.