Chocolate Finance Miles for Returns: Buy Max Miles at 1.25 cents each
Chocolate Finance is launching a promotional offer allowing customers to convert their monthly returns into Max Miles at a boosted rate. From September to November 2026, users can acquire these miles at a lower cost of 1.25 cents each.
Why it matters
This provides a high-value arbitrage opportunity for users to maximize the utility of their financial returns through travel rewards.
Earlier this year, Chocolate Finance trialed a new feature called Miles for Returns that allowed selected customers to convert their monthly returns into Max Miles.
Based on the rate of 62.5 Max Miles per S$1, this was an opportunity to buy Max Miles at 1.6 cents each, and basically a form of arbitrage, since Max Miles can be cashed out at 1.8 cents via the FlyAnywhere feature.
Miles for Returns is now rolling out to all customers — along with some enhancements to the Chocolate Visa Card — and for the next three months, the conversion rate will be boosted to 80 Max Miles per S$1, allowing you to buy Max Miles at 1.25 cents each.
If you have funds in Chocolate Finance already, I think this is basically a no-brainer.
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