All posts filed under: Credit Cards

No more 10X on PayWave payments using UOB Preferred Platinum Visa physical card

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UOB has made a small change to their terms and conditions for the UOB Preferred Platinum Visa card. From 2 May, only mobile contactless payments and selected online transactions will earn 10x UNI$ (or 4 mpd). Mobile payment includes Apple Pay, Samsung Pay, Google Pay and UOB Mighty. The cap of S$1,000 per calendar month remains to earn the elevated number of UNI$, after which the earn rate reverts to the usual 0.4 mpd. What this means is that using the physical credit card on the PayWave terminals will only earn you a measly 0.4 mpd, so you are better off loading that card on your mobile phone and leaving the card at home. Note that this does not include transactions made by Samsung’s Magnetic Secure Transmission (MST) technology. NFC payments using Samsung Pay are somewhat in the grey zone, so your mileage may vary. Also, public transport payments via SimplyGo are excluded, so you will earn 0.4 mpd for those. Current practice Currently, cardholders will earn 10 UNI$ (or 4 mpd) for all contactless payments, as …

Get 40,000 miles when you sign up for Standard Chartered Bank X Card

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No minimum spend required, but you will need to fork out $695.50 for the annual fee (1.7 cents per mile) SingSaver is currently running a sign-up promotion for SCB’s X Card, offering 40,000 miles as a sign-up gift if you pay the $695.50 annual fee, up from the usual 30,000 miles. This offer effectively lowers the 2.3 cents per mile you would normal pay for to 1.74 cents per mile. How to apply The promotion mechanics are pretty straightforward: simply apply through SingSaver’s website. The bonus miles will be credited to your account directly, there is no need to fill up a separate redemption form. The 40,000 miles will be transferred in the form of 100,000 360° Rewards Points that you can use on 11 different partners (see below). Note that the annual fee is $695.50 cannot be waived. An overview of the card: Income requirement: S$80,000 p.a. (or $30,000 p.a. for Priority Banking customers) Annual fee: S$695.50 for principal cardmembers, S$107 for supplementary cards Annual fee gift: 30,000 miles (in the form of 75,000 reward points) Earn …

Get bonus miles when you use Citi PayAll

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Citibank running a PayAll promotion targeted at Citi Prestige cardholders, earn 1.6 mpd if you spend at least $15,000 through PayAll Citibank is running yet another promotion, this time targeted at Citi Prestige cardholders through their PayAll facility. To recap, Citi PayAll is a payment facility to payees who traditionally don’t accept credit card payments (such as private landlords, education institutions, income tax, etc). Citi charges a 2% fee for PayAll payments, so that effectively means that you are paying 2 cents per 1.3 miles (i.e. 1.54 cent per mile) earned on your Citi Prestige card. The promotion mechanism From 24 Feb to 31 Mar 2020, Citi Prestige cardholders can earn up to 11,000 additional miles on top of the usual 1.3 mpd when using the Citi PayAll facility.  There are simply two tiers: Spend $15,000, get an additional 4,500 miles, or Spend $30,000, get an additional 11,000 miles. Note that there’s a 2% fee on the PayAll facility, so to clock $15,000 or $30,000 spend, there will be a $300 or $600 fee respectively. The additional miles lowers to cost …

Standard Chartered Bank offers 100% bonus for transferring points to Emirates Skywards

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Limited time promotion runs until 8 March. Standard Chartered bank is offering a 100% conversion bonus for its cardmembers for transferring points into Emirates Skywards miles from now until 8 March 2020. While the promotion is targeted at the X Infinite Visa cardholders, as long as you have a Standard Chartered Bank (SCB) credit card that allows you to earn points, you are eligible for the promotion. Emirates Skywards programme Emirates Skywards miles aren’t usually good value due to the number of miles required for redemptions and the fuel surcharges that come with it. Moreover, Emirates doesn’t belong to any alliances, so your options are pretty much limited. However, with this offer, the awards become a lot more sensible. you can make a number of redemption options that are comparable to what you might normally spend on Singapore Airlines’ Krisflyer. If you have been converting your SCB 360 Rewards points to Krisflyer all these while, your effective mpd of 1.2 for Krisflyer is now worth 1.7 mpd if you are converting them to Emirates Skywards. …