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.

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)

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