[savings type - $$; one-off at >$200]
At Lifehacksg, we’re big fans of Standard Chartered Bank (No unfortunately this is not a sponsored advertisement, guys). When we first heard of this new deal, we couldn't hide our excitement. They have reached a new height of dominating the credit card market share with this clever maneuver, dangling the most sought-after carrot to an island of consumers who take their globetrotting rights very seriously.
Jumping on the bandwagon of attractive packages by low-cost carriers, Standard Chartered is one of the first banks to launch a co-branded card with a budget airline. The Tigerair Platinum Credit Card basically rewards you with flights upon usage. In the Upfront Rewards plan, you will be awarded a one-way ticket upfront upon card approval, and you have the next 12 months to accumulate $5000 spend on the card to fulfill the expenditure requirement. If you fail to fulfill the spend requirement or terminate the plan before fulfilling the spend requirement, Standard Chartered will charge you a $100 penalty.
As part of the introductory offer, you get an additional one-way ticket if you sign up for the card before . This means that with the Upfront Rewards plan, you will receive two e-vouchers to redeem one flight. Here's the lifehack - sign up for the card, redeem your return flight, and immediately terminate the plan. You will have to pay the $100 penalty, but that basically covers the cost of your return ticket.
Each e-voucher is valid for 12 months from the date of issue and can be used to make any flight reservation for a one-way Tigerair journey, inclusive of taxes and charges, departing from Singapore to any one of the following 11 destinations – Bangkok, Hat Yai, Ho Chi Minh, Jakarta, Krabi, Kuala Lumpur, Medan, Pekanbaru, Penang, Phuket and Surabaya.
While a location like Kuala Lumpur may not seem worth the $100, think about Bangkok, where it may cost you north of $300 for a return ticket during non-sale periods. Save that $200 and take it on a 5000 Thai Baht shopping spree in Chatuchak weekend market. We think it's worth it. What about you?