Reduction in Transfer Rates to Velocity/Krisflyer

[burmans]

AFAIK, Velocity points dont expire as long as there is activity on the account.

Yes, he was referring to Krisflyer I'm thinking as for many of us SQ is the preferred destination (value).

 

[cove]

Yes Mrscove has just under 500,000 Kris Miles that have about 4 months left to redeem. No need to panic but I am watching who gets the nod for the flights.

 

[CJEMNMAC]

The rewards site is updated to pre 1 November rates.......

We are back to 1.5 : 1 Let the transfers begin..

Well done everyone...

 

[andye]

At least you now have the option of transferring to VA (at a loss of course) if you can't find a gap in the schedule to fly

 

[cove]

Getting Mrscove on Virgin is close to impossible. She still remembers the flight attendant reading a book instead of working and that was 3 years ago. She loves Qantas and Singapore Airlines.

 

[Buzzard]

A big thank you to daveozsydney, isochronous and everybody else like me that either rang, wrote or facebook posted about this dastardly change.
Goes to show what people power can do.

The only problems now are how long before we get 90 days notice of a change to redemption rates and what to do with, in some cases, massive amounts of points? Do you transfer to KF and hope that you can use them before they expire as I see lots of redemption requests or do you warehouse in VA and lose in the transfer to KF? I also don't see any 15% bonus transfer promotions any time soon.
Decisions, decisions.

 

[ted123]

I just moved mine over to KF at the new rate which is available now. rate is 0.667 KF mile to 1 CB point.

 

[CJEMNMAC]

A big thank you to daveozsydney, isochronous and everybody else like me that either rang, wrote or facebook posted about this dastardly change.
Goes to show what people power can do.

The only problems now are how long before we get 90 days notice of a change to redemption rates and what to do with, in some cases, massive amounts of points? Do you transfer to KF and hope that you can use them before they expire as I see lots of redemption requests or do you warehouse in VA and lose in the transfer to KF? I also don't see any 15% bonus transfer promotions any time soon.
Decisions, decisions.

I have just done a transfer of some of my points to finalise a few redemptions.. Just with today's transfer I am 25000 points better off than yesterday..

I have no doubt it will change again, but hopefully the notice will be given and customers can make an informed decision

 

[Cynicor]

I'd love to see how many points are going to move suddenly. Huge upfront cost to them, and windfall for this quarter's Velocity accounts. Share buying time!

What a foolish mistake and PR disaster. If they just gave 90 days notice so many fewer people would have taken notice or transferred their whole accounts.

 

[andye]

Getting Mrscove on Virgin is close to impossible. She still remembers the flight attendant reading a book instead of working and that was 3 years ago. She loves Qantas and Singapore Airlines.

Maybe Etihad though?

 

[Reggie78]

Big well done and pats on the back all round. Some very clever and attentive people on this board, I am glad to be a member of this community.

On the stay/go with Citi, fee-free-for-life is hard to walk away from, so i'll keep a sharper eye on any/all communications from them from now on. But, i'll likely stay as the earn is very good (even though i don't churn nearly 10% of what some people here do).

Well done one and all!

Reg.

 

[M@rcoPolo]

Happy days - I just transferred all my Citi Rewards points to Krisflyer with special thanks to the AFF community

 

[mos]

Thanks everyone for their efforts - Citibank have even added in a bonus! 15,000 Citi Rewards points now converts to 10,001 KF miles

Cheers,
Mike

 

[civinod]

The Citibank redemption rate has been updated and you can now transfer at the old rate.

My 1.5 million Citi reward points are now safely with SQ.

Really can't trust this mob. They have to be the worst bank to deal with.

 

[asg29e]

Thanks everyone for their efforts - Citibank have even added in a bonus! 15,000 Citi Rewards points now converts to 10,001 KF miles

Cheers,
Mike

Nice one. I wonder if we can all expect this? So far my points balance is unchanged. What was your point balance? Had you put in a complaint? Requested extra points as compensation?

 

[asg29e]

The Citibank redemption rate has been updated and you can now transfer at the old rate.

My 1.5 million Citi reward points are now safely with SQ.

Really can't trust this mob. They have to be the worst bank to deal with.

Right this minute there are probably computer boffins at SQ scratching their heads and wondering what the hell is going on..

 

[civinod]

Right this minute there are probably computer boffins at SQ scratching their heads and wondering what the hell is going on..

I am sure SQ will be happy with the revenue injection. It will certainly come up on someones report.

 

[imprenza]

Any timeframe on how long this will last? I'm 1000 points away from another 15k lot to transfer.

 

[Cruiser Elite]

FWIW I personally won't be making any hasty transfers - I think it would be prudent to just let the dust settle and assess all scenarios.

I do think Citi will at some point not too far down the track reinstigate these changes to the conversion rates - but they will indeed be giving the required 90 notice.

This will give all of us plenty to time to fully investigate 'best usage' of Citi rewards. Personally I might shunt to several FF programs rather than all to SQ.

Might I suggest that ALL Singapore Airlines KrisFlyer members send off an email to SQ regarding the 3 year expiration period for points. SQ are quite out of date here - probably the only major top tier carrier who still have this archaic system in place. Who knows - people power brought sufficient pressure to Citi to change their minds - a whole bundle of emails to SQ feedback might possibly bring sufficient pressure also.

SQ feedback email address here - [email protected] - SQ might already be considering this to bring themselves into 21st century - or they may never change - but in last few days we have all witnessed the power of the people!

 

[Danger UXB]

FWIW I personally won't be making any hasty transfers - I think it would be prudent to just let the dust settle and assess all scenarios.

I do think Citi will at some point not too far down the track reinstigate these changes to the conversion rates - but they will indeed be giving the required 90 notice.

This will give all of us plenty to time to fully investigate 'best usage' of Citi rewards. Personally I might shunt to several FF programs rather than all to SQ.

Might I suggest that ALL Singapore Airlines KrisFlyer members send off an email to SQ regarding the 3 year expiration period for points. SQ are quite out of date here - probably the only major top tier carrier who still have this archaic system in place. Who knows - people power brought sufficient pressure to Citi to change their minds - a whole bundle of emails to SQ feedback might possibly bring sufficient pressure also.

SQ feedback email address here - [email protected] - SQ might already be considering this to bring themselves into 21st century - or they may never change - but in last few days we have all witnessed the power of the people!

Good point CE and congrats on the 6000 by the way