Updated January 18th, 2020
If there is one award program that we didn’t want to get wrong, Singapore’s Krisflyer is it. It’s important because it’s one of only four programs in the world which is a transfer partner to all major transferable award currencies. The other three being Jetblue TruBlue, Virgin Atlantic’s Flying Club and Air France/KLM’s Flying Blue. Of these four, only Singapore is a Skytraxx 5-star airline. Considering this, and the fact that it has multiple daily service to several US gateways, Singapore’s Krisflyer is arguably the most important Asian frequent flyer program to a US based traveler.
So, it’s with a bit of regret, that we’re only assigning an ACRV of .45¢ per mile. Despite some decent hypothetical redemption values, award availability has once again taken it’s toll.
Whenever presenting low’ish valuations, I always like to remind readers what this number means. It’s a discounted average, not a hypothetical best-case. Exact calculation steps are documented on our valuation methodology page.
|Current||Previous Period||$ Change||% Change|
|International Non-Zero Average||1.30¢||2.23¢||-0.93¢||-41%|
Somewhat unique to Singapore Airlines(and ANA) is the ability to waitlist. Although potentially useful, we do not consider these in our calculations. It is our opinion that most flyers do not have the flexibility to plan a trip around flights that may or may not happen. Furthermore, one must transfer enough points for the entire leg from Chase, Amex, or Citi in order to be placed in line. We simply do not believe the reward is worth the risk.
Despite average availability, there were some exceptional hypothetical redemptions. Our best for the month came from a first class award seat bookable on Air New Zealand for 152,500 Krisflyer miles + $111.13, the lowest price cash alternative was $10,148. This give us a redemption value of $0.0658.
Sadly, there were no particularly high-value redemptions this month. Often times, carriers with low award availabilty will someone make up for this by offering ultra-high-value international premium-cabin award space at very reasonable mileage requirements.
Our best for the month was a business-class seat between Kuala Lumpur(KUL) and Chicago(ORD). It was offered for 105,000 Krisflyer miles + $187.17 in cash. The lowest-priced cash alternative was $2,784, providing a redemption value of just 2.46¢ per mile. If this were typical redemption, it would be great. But because it’s an outlier, it’s bad.
Ultimately, Singapore does offer some worthwhile award space to the traveler willing to be patient and/or flexible. However, for those who cannot afford the time to wait, simply redeeming Ultimate Rewards for 1.5¢ each via Chase’s travel portal will provide a more reliable booking experience.