What’s the Value of My Points?

Reward points can be confusing, and that’s perhaps one of the features for the companies offering them. If you have ever wondered how much is one ThankYou Point worth, or how much is one DBS Point compared to the value of an OCBC$, you have come to the right place.
Here I attempt to list out all the different points one can earn in Singapore, and it’s definitely not exhaustive. Do comment below or in the Telegram post’s comments to add more info for everyone’s benefit!
Value of each point ≠ earn rate
It is extremely important to note that having a higher value does not mean that a particular card is superior. For earn rate of cards, check out this post instead.
For instance, each OCBC$ is worth 0.4 miles while each DBS Point is worth 2 miles, but this does not mean that DBS cards are necessarily better. The optimal earn rate of the OCBC Titanium Reward is 10 OCBC$ per dollar which translates into 4 miles per dollar, while the optimal earn rate of the DBS Woman World Mastercard is 2 DBS Points per dollar which also translates into 4 miles per dollar. Both cards are generally on par when it comes to the value of their rewards (assuming you are able to fulfil their conditions for the higher earn rate).
Credit cards
Point | Value in Miles | Minimum Redemption | Value in Cash Rebate | Minimum Redemption | Value in Vouchers | Remarks |
1 Amex Membership Point | 0.556 miles | 250 miles (450 points) | 0.48 cents | $4.80 (1,000 points) | 0.455 cents | |
1 Citi Mile | 1 mile | 10,000 miles (10,000 points) | 0.606 cents | None (offset purchases) | 0.763 cents | |
1 Citi ThankYou Point | 0.4 miles | 10,000 miles (25,000 points) | 0.227 cents | None (offset purchases) | 0.298 cents | |
1 DBS Point | 2 miles | 10,000 miles (5,000 points) | 1 cent | None (offset purchases) | 1.25 cents | Regular monthly promos for cash rebate redemptions |
1 HSBC Reward Point | 0.4 miles | 10,000 miles (25,000 points) | 0.25 cents | $10 (4,000 points) | 0.25 cents | |
1 Maybank Treats Point | 0.4 miles | 10,000 miles (25,000 points) | 0.294 cents | $50 (17,000 points) | 0.299 cents | Use app; website requires more points |
1 OCBC$ | 0.4 miles | 10,000 miles (25,000 points) | 0.278 cents | $10 (3,600 points) | 0.260 cents | 0.260 cents when redeeming for vouchers |
1 OCBC Travel$ | 1 mile | 1,000 miles (1,000 points) | 1 cent | $10 (1,000 points) | 0.980 cents | 0.980 cents when redeeming for vouchers |
1 StanChart Reward Point | 0.29 miles | 1,015 miles (3,500 points) | 0.3125 cents | $100 (32,000 points) | 0.357 cents | Smart Card’s min redemption is $10 (3,200 points) |
1 StanChart Reward Point (Visa Infinite) | 0.4 miles | 1,000 miles (2,500 points) | 0.3125 cents | $100 (32,000 points) | 0.357 cents | |
1 UOB UNI$ | 2 miles | 10,000 miles (5,000 points) | 1 cent | $20 (2,000 points) | 0.9 cents | |
1 UOB UNI$ (Visa Signature, Privilege banking, UOB Reserve, Visa Infinite, PRVI miles) | 2 miles | 10,000 miles (5,000 points) | 1.15 cents | $100 (8,700 points) | 0.9 cents |
Value in Miles – self explanatory; the number of miles you get per point.
Value in Cash Rebate – the amount of cash rebate you get per point. Some banks allow you to offset purchases made on your card, while some only allow you to redeem in blocks of $10/$50 etc.
Value in Vouchers – the amount of vouchers you get per point. Different redemptions tend to cost different amounts; amounts shown are for mall voucher redemptions (e.g. CapitaLand, Lendlease etc.) where possible. Do look through the respective reward catalogues for redemptions that are relevant to you and may be of better value.
Banks also tend to offer redemption promos every now and then that boosts the value of each point.

Want S$145 worth of free shares and cash credits? Try out CGS-CIMB’s ProsperUs trading app today!
Wallet apps
Point | Value in Miles | Minimum Redemption | Value in Cashback | Minimum Redemption | Remarks |
1 Grab point | 0.1 miles | 100 miles (1,000 points) | 0.2 cents | None (offset purchases) | Frequent pointsback/flash sale promos that boosts value of points |
Mall reward programmes
Point | Value in Miles | Minimum Redemption | Value in Cashback | Minimum Redemption | Remarks |
1 CapitaMall STAR$ | 0.0384 miles | 380 miles (9,880 STAR$) | 0.1 cents 0.143 cents* | 0.1 cents → offset purchases 0.143 cents → $5 voucher (3,500 points) | *SP GreenUP boosts value |
1 FarEast SFE$ | N/A | N/A | 1 to 1.19 cents | $5 voucher (500 points) $10 voucher (900 points) $50 voucher (4,200 points) | |
1 LendLease | N/A | N/A | 0.05 cents | $5 voucher (10,000 points) | |
1 Fraser Point | N/A | N/A | 0.5 cents | $2.50 voucher (500 points) |
Frequent flyer programmes
Point | Value in Miles | Minimum Redemption | Value in Cashback | Minimum Redemption |
1 Singapore Air KrisFlyer Mile | 1 mile | N/A | 0.8 cents (KrisShop) 0.67 cents (KrisPay) | None (offset purchases) |
Keep up to date on the best cashback/mile cards, financial products, attractive deals, and more tips to maximise your financial wellbeing by subscribing to my Telegram channel.
Subscribe to the channel, then join the group chat. You would often benefit from the tips shared exclusively in the group chat!
Disclaimer: I may receive an affiliate/referral fee when you sign up for services/products on this site, and such fees keep the site running. I would only recommend services/products I would personally use or recommend to my own friends and family, but I do not provide any warranty or guarantee for the quality of these services/products. Thank you for supporting my site!
Please exercise due diligence when signing up for any service/product as I will not be liable for any personal loss, financial or otherwise. Content published here are my sole views and personal opnion, and none of the information here constitutes personal financial advice nor represents the views of my employer(s).