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Credit Cards Paying annual fees

Discussion in 'questions. answers. conversations.' started by Britmand Wong, Jul 7, 2019.

  1. Britmand Wong

    Britmand Wong New Member

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    My credit card charges SG$192 for annual fees. In return, we get 10k krisflyer miles. Do you think it is advisable to pay the annual fees? Thanks
     
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  2. OCTinPHL

    OCTinPHL Active Member

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    Will you use the miles? Do you get any other benefits? I probably would pay the annual fee if it's a card I use.
     
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    Last edited: Jul 7, 2019
  3. Britmand Wong

    Britmand Wong New Member

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    Yes I do use miles. The bank also offers annual fee waiver. 10K miles for SGD$192 seem like a pretty ok deal to me.
     
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  4. Gaurav

    Gaurav Well-Known Member

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    1.41 US cents/mile is a little bit high but not too bad if you have a decent redemption in mind. You also get the added benefit of earning additional miles. Seems worth it to me.
     
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  5. Britmand Wong

    Britmand Wong New Member

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  6. OCTinPHL

    OCTinPHL Active Member

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    I guess I should have been more clear - I wouldn't keep the card and pay the fee just for the miles, but if the card has other benefits the OP uses, then I think it is worth it. I don't know what Singapore's KrisFlyer miles are worth, but I would not keep a card just to get one of the big 3's miles without substantial additional benefits.
     
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