Using the above with a gold card we have a cost of 80750 - 15 000 = 67 750 points,
and I've already got 45k points from the flight you paid for in full and the signup bonus. So I'd only be 20k pts short of a return flight in peak time.
With a platinum card it's 80750 - 25 000 = 55 750. and you'll already have 50k points from the flight and signing up for the card. So after putting through less than $5k on the credit card in the next 12 months you'll claim a return flight to Athens for ~$600 in taxes and surcharges.
Have I completely miscalculated? It seems like a much more generous program than QFF (almost too generous).
You may have miscalculated slightly. I don't think SQ KrisFlyer is that much more generous than QFF. There is also no guarantee the taxes and surcharges on SQ are going to stay the same. I am about to book a return award flight and the taxes and surcharges quote is the same as yours.
Also note in economy you are only going to earn ~19,000 KrisFlyer miles each in separate KrisFlyer accounts.
According to the terms and conditions of the KrisFlyer credit card "
Offer is subject to seat availability and cannot be combined with any other discounts or promotions" which to me would suggest no 15% discount for booking online but I cannot be certain.
So with the gold card bonus a return award flight to Greece is going to be 95,000 - 15,000 = 80,000. Almost the same as the 15% online booking discount. You can beat the system slightly and do 2 one-way bookings and then the calculation becomes 47,500 - 15,000 = 32,500 and for the return it will be 47,500 - 7,125 = 40,375 so overall 72,875 instead of 80,000 but the taxes may also be slightly different.
And with the platinum card bonus a return award flight to Greece is going to be 95,000 - 25,000 = 70,000. Almost the same as the 15% online booking discount. You can beat the system slightly and do 2 one-way bookings and then the calculation becomes 47,500 - 23,750 = 23,750 and for the return it will be 47,500 - 7,125 = 40,375 so overall 64,125 instead of 70,000 but the taxes may also be slightly different.
It would be great if you could use both the bonus miles from the credit card and the 15% online booking discount. In the end SQ may even have to pay us to book the award flights.