Kris+ Earn Rates Dropping For Some Merchants From 1st May, Notably Electronics Retailers and Travel Agencies
From 1st May 2023, Kris+ will drop the earn rates on some merchants. Notably, just about every major electronics retailer on the app will see earn rates fall from 3 bonus miles per dollar to just 1 start from next month.
Bonus miles awarded by Kris+, as usual, is on top of your card rewards. Do read the Kris+ guide I wrote if you are unfamiliar with the app.
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Every major electronics retailer affected
Kris+ is accepted at major electronics retailers like Audio House, Challenger, Harvey Norman etc. and they all give a uniform bonus 3 miles per dollar with payments via Kris+. After 1st May, the bonus earn rate is now 1 mile per dollar.
More specialised IT stores like Dreamcore and Mayer do not seem to be affected at this time:
|Retailer||Old Earn Rate (before 1st May)||New Earn Rate (after 1st May)|
|Audio House||3 miles per dollar||1 mile per dollar|
|Challenger||3 miles per dollar||1 mile per dollar|
|Harvey Norman||3 miles per dollar||1 mile per dollar|
|iStudio||3 miles per dollar||1 mile per dollar|
|Parisilk||3 miles per dollar||1 mile per dollar|
|Bowers & Wilkins||6 miles per dollar||Unaffected|
|Dreamcore||6 miles per dollar||Unaffected|
|Mayer||9 miles per dollar||Unaffected|
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Rates are dropping for travel agencies too
Travel agencies are another category of merchants that see a rate drop across the board:
|Travel Agency||Old Earn Rate (before 1st May)||New Earn Rate (after 1st May)|
|ASA Holidays||3 miles per dollar||1 mile per dollar|
|CTC Travel||3 miles per dollar||1 mile per dollar|
|EU Holidays||3 miles per dollar||1 mile per dollar|
|Hong Thai Travel||3 miles per dollar||1 mile per dollar|
|L.G.E Travel Singapore||3 miles per dollar||1 mile per dollar|
|UOB Travel||3 miles per dollar||1 mile per dollar|
|Super Travels||3 miles per dollar||1 mile per dollar|
Some restaurants and eateries are also affected
Eating places are not spared too and some dining establishments are decreasing the Kris+ earn rates from 1st May. I suggest looking for your favourite eatery in Kris+ to see if they are affected.
My favourite egg tart place, Honolulu Cafe, will see its earn rate drop from 3 to 1 mile per dollar. Devastating. On the brighter side, many other dining places are maintaining their current earn rates.
Spend now, probably
If you have things that you were meaning to buy, it probably goes without saying that you should make your spend now before the nerf kicks in. Electronics and travel are things that are pretty easily bought in advance, and it may be something worth doing if your expenditure is significant.
Many restaurants on Kris+ also offer dining deals and cash vouchers that you can buy before May to lock in their older, higher earn rates.
April spend promo: get S$15 with S$60 spend
It’s also worth noting that April sees a new spend promotion when you use a Mastercard credit or debit card on Kris+. You get S$15 worth of KrisPay miles when you make 3 transactions of minimum S$20 each. Before making your spend, make sure to accept the challenge within the app’s Challenges tab.
The drop in bonus miles isn’t a good thing, clearly, but Kris+ remains a very good wallet app to use. Good things seldom last, of course, but nerfs should be handled in a way that is fair to users. In this respect, we should commend Singapore Air for advance notice for the drop in earn rates a month before they happen.
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