All posts filed under: Credit Cards

OCBC launches new miles card: OCBC 90°N Card

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Earn up to 8mpd for hotel bookings and 4mpd for flight bookings OCBC is the latest to jump on the miles card launches, unveiling yet another miles earning card for the Singapore market. A glance at the headline earning figures will sound pretty attractive: up to 8mpd for hotel bookings, and 4mpd for flight bookings. So what are the key perks of the card? An overview of the card: Income requirement: S$30,000 p.a. for Singapore citizens and PRs, S$45,000 for foreigners Annual fee: S$192.60 for principal cardmembers, waived for the first year; S$96.30 for supplementary cards, waived for the first year Annual fee gift: 10,000 miles (in the form of 10,000 Travel$) Earn rates: 1.2 mile per dollar spent (mpd) locally; 2.1 mpd overseas; see promotions below for special launch promotion earn rates Foreign currency transaction fee: 3.0% Most importantly, miles don’t expire. The base earn rates are pretty average: BOC Elite Miles give you 1.5mpd for local spend, and 3mpd for overseas spend. Plus, there are an assortment of other cards that give you up to 4mpd for specialised …

Standard Chartered Bank launched the X Card – so what’s the verdict out there?

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Miles collectors in Singapore have another reason to celebrate recently – the launch of the Standard Chartered Visa Infinite X Credit Card. Targeted at millenials, it comes with a very attractive sign-up bonus: 100,000 miles. Of course everyone got slightly excited. Who doesn’t want a (almost) free one-way business class ticket to the US? Update (1 Aug 2019): Standard Chartered now puts out on their website that the 100,000 miles offer has been fully taken up, and now new applicants can only enjoy up to 60,000 miles. Because I’m so late in doing this review, here’s what every other travel/airline/miles writer have said about the card so far: Milelion: A 100,000 miles sign up bonus is something few of us thought we’d ever see in Singapore, and for those with upcoming big ticket spending, it’s an absolute no-brainer. I’m sure there’ll be much more to say about the X Card in the days and weeks to come, but in the meantime, be sure to get approved before 31 August if you want to snag the 100,000 miles sign …

UOB runs targeted promotion for PRVI Miles cardholders – buy miles at 1.8 cents a piece

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UOB has launched PRVI Pay for a while now, and most recently raised the processing fee to 2.1% in March 2019. Limited time offer: 1.8% processing fee Earlier this week, I received a physical mailer from UOB, offering a promotional rate of 1.8% processing fee to use the PRVI Pay facility. This effectively means that you are paying 1.8 cents per mile, which can translate to a $30 savings for every 10,000 miles bought. Note that the amount that you’ll like to apply for is up to your credit limit with UOB. To apply, you will need to fill up the physical form and mail it back the old-school way. Once approved, the money will be in the bank account that you designate, and the amount plus the processing fee will be debited from your credit card account. Note that there is no installment option, you will have to make full payment on the amount requested by your next statement. I’m not sure if all cardholders have received the mailer, or like they claim, a …

Citibank introduces more payment categories for PayAll

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Now you can also ‘buy’ miles at 1.5 to 2 cents per mile for payments for taxes, condo management fees and utility bills The PayAll service has been an excellent solution in plugging the gap in the miles game and now it has gotten even better with the introduction of more categories. Remember, PayAll can only be accessed through the Citibank mobile app, so be sure to download the app first (from Apple Store or Google Play Store). New categories When PayAll was first introduced earlier this year, Citibank only limited the payments to education and rent payments, although I’m still skeptical as to how they would enforce it. In this recent development, Citibank has now expanded the list of payments to include tax payments to IRAS, condo management fees and electricity bills. Unlike the first rollout of payments for rent and education, there is a fixed list of payees this time round. You will need to specify the MCST that you are paying to, for instance. Recap: Cost per mile Here’s the cost per …

A look at the UOB Krisflyer Credit Card – is it any good?

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After launching the UOB Krisflyer account with some flak and tweaks down the road, UOB has most recently launched yet another co-brand card: the UOB Krisflyer credit card. Now, UOB is only the second financial institution to launch a Krisflyer-branded card, after American Express. The short list Income requirement: S$30,000 p.a. for Singaporeans, S$40,000 p.a. for foreigners. Annual fee: S$192.60, waived for first year Renewal gift: 10,000 miles when annual fee is paid Sign up bonus The sign-up bonus is essentially in two tiers, one for all customers who apply for the card, and one for new-to-UOB customers. For all applicants, if your card application is approved by 30 June 2019, you will receive 5,000 bonus Krisflyer miles if you spend at least $5 within the first 60 days of getting your card. For this bonus, you will first receive 3,000 miles in your Krisflyer account within the next month after the first spend, while the remaining 2,000 miles will be posted by 31 October 2019. If you are new to UOB (i.e. this is …