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Monday, November 16, 2020

15% bonus when you convert HSBC Rewards (Canada) points to Singapore Airlines KrisFlyer


In what can be considered a rarity - there are two airline transfer bonuses that you can take advantage of right now if you have the HSBC World Elite Mastercard or any other HSBC card that offers rewards for miles. The first offer we let you know about earlier this month is the 35% bonus for transferring HSBC Rewards points to British Airways Executive Club and now comes this offer for Singapore Airlines KrisFlyer.

Between now and December 27 when you transfer points from HSBC Rewards to your Singapore Airlines KrisFlyer account you'll receive 15% bonus KrisFlyer Miles.

With HSBC Rewards points in Canada you have to convert a minimum of 25,000 points and that amount points will net you 9,000 KrisFlyer Miles. As you can see however from the above screen capture from Singapore Airlines they will only give you the bonus if 10,000 or more miles post in a single transaction. This means you would have to transfer 27,778 points to get 10,000 miles however HSBC won't let you convert that specific amount. in fact after the 25,000 points you have to redeem in 10,000 point increments which means you would need to redeem at least 35,000 points for 12,600 KrisFlyer miles and then you'd get the 15% bonus on top of that for 14,490 miles.

This bonus is being offered by Singapore Airlines KrisFlyer not HSBC so you will not find it on the HSBC Rewards website when you login.

In general this offer isn't as lucrative or as appealing for most Canadians but there are definitely some of you who big time users of the KrisFlyer program (I mean it is the best for accessing Singapore Airlines premium class awards) who could really utilize this promotion! Now if you happen to have a U.S. based card like I know some of you do this promotion also counts for Capital One, Citibank, American Express and Chase cards issued in the U.S.!

Learn more about the transfer bonus here.


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