Credit cards are a great way to earn while you’re spending money. Here, miles expert The Milelion analyses the best credit cards to help you earn as much as possible as you spend on necessities.
I’ve been collecting miles for just over six years now, and in that time I’ve learned a thing or two about speeding up the process. The truth is: you don’t need to spend big to accumulate miles; you just need to spend smart.
Basic Principle: Use specialised spending cards wherever possible
- General spending cards earn the same rate regardless of merchant. For example, the Citi PremierMiles Card earns 1.2 miles per dollar (mpd) on all local spending.
- Specialised spending cards earn a bonus on selected categories (usually 4 mpd), but a very low rate on everything else (usually 0.4 mpd). For example, the DBS Woman’s World Card earns 4 mpd for online transactions, but 0.4 mpd otherwise.
The key to accelerating your miles collection is to use specialised spending cards wherever possible. Obviously, spending S$1,000 at an average earn rate of 4 mpd will accumulate miles a lot faster than spending S$1,000 at an average earn rate of 1.2 mpd.
While it does mean you’ll need to apply for more than one card and remember when to use which card, believe me, the rewards are worth it.