Miles vs Cashback: How to calculate the Value of a Mile?

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Assume a $100 spend, you get 5% Cashback, that’s $5 which is easily quantifiable, can buy 1 bubble tea

But let’s say you get 4 mpd, that’s 400 miles. So how much is 400 miles worth to you? Can 400 miles buy 1 bubble tea? Actually can, if you go to Gong Cha and use Kris+ app payment, can even get 10% off if you pay with Krispay miles. So if you haven’t sign up for Kris+ can use my referral to get $5 free, But that’s not the point

The point is, whether miles or cashback is more valuable and today, we will try to find the answer

Part 1: Basic understanding of miles redemption value (Economy class)
Part 2: Optimising your miles to fly Business class

What can miles be used for, in particular Singapore Airlines Krisflyer miles
Other than Transferring to Kris+ app and pay for lifestyle goods & services
Partially/fully pay for the flight ticket of the airline/partners
Redeem flight tickets

SIN-TYO (HND or NRT) in June 10-17 Holidays (peak)

1) Partially/fully pay with miles
2) Redeem with miles

Max value of a mile

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