Through February 2022 there’s a promotion where transferring points into 250,000 Singapore Airlines KrisFlyer miles will earn Star Alliance Gold status for a year.
Singapore Airlines is extending all status that expires by March 2023 by a year. So gaining Star Alliance Gold through this promotion actually nets you 24 months of status. And Singapore is a transfer partner of Chase, American Express, Citibank, Capital One and Brex.
That’s really cool, and especially valuable for United Airlines domestic flyers who can access United Clubs with the status.
And Singapore Airlines generally restricts long haul business and first class award space on their own flights to their own members. You can’t book long haul premium cabin travel on Singapore Airlines using United miles in nearly all cases. But you can do so with Singapore’s miles. That’s how many readers scored Singapore’s new A380 suites out of New York recently.
There are several reasons not to do this.
- Transfers that are speculative – you don’t know how you’ll use the points or when – mean giving up the flexibility of being able to move the points somewhere else. There’s huge option value in transferable points you give up when you transfer.
- Singapore miles expire 3 years after being earned. It’s not 3 years of inactivity in an account – each mile has three years to be used.
- We’re in uncertain times and while it’s possible for some Americans to travel to Singapore, it currently depends on where you were vaccinated whether you can produce the required proof (80% of vaccinated Americans now can). Much of Asia is not yet open to Americans, though some places like Thailand are with hoops to jump through.
Anyone that’s already taken advantage of this – congrats you get 24 months of status. Anyone still considering it, you have a few more weeks and a greater incentive than before.