12x KrisPay miles on JB Hi-Fi gift cards in the Kris+ app

Earn 12x KrisPay miles per dollar spent on $100, $250 and $500 JB Hi-Fi gift cards when you purchase them in the Kris+ app.

A purchase limit of ten $100 gift cards, eight $250 gift cards and six $500 gift cards applies per Kris+ account.

KrisPay miles can be converted 1:1 to Singapore Airlines KrisFlyer miles, making this offer an interesting alternative to the Coles and Woolworths promotions for those who would prefer to earn KrisFlyer miles over Velocity or Qantas points.

You can actually convert Velocity points to KrisFlyer miles at a rate of 1.55:1 but note that KrisFlyer miles expire after three years and if you want to transfer them back to Velocity then there’s another 1.55:1 conversion rate.

It’s also worth mentioning that KrisFlyer has recently undergone a devaluation and seems to be moving in the direction of dynamically priced reward flights so it’s not quite as compelling as it once was.

However, this offer could still be an easy way to earn Velocity points on a JB Hi-Fi purchase. Whilst 7.7x points is a bit less than the 10x Velocity points you can get from an offer at Coles or Kmart, this one is a lot more convenient as it’s online and includes large denomination gift cards.

Alternatively, you could your KrisPay miles to buy additional JB Hi-Fi gift cards or something else in the Kris+ app as 1,000 miles equals around $10 off your purchase.

If you’ve never used the Kris+ app before, feel free to sign up with my referral code U556562 to earn 500 bonus miles worth around $5.

Thanks to kinsonbbs on OzBargain for finding this offer.