All posts filed under: Credit Cards

Bank of China introduces Elite Miles card, possibly the best miles card ever

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Banks are probably one of the last few advertisers who still believe and benefit from print ads in newspapers, because this caught my eye today: Bank of China is relatively new foreign retail bank operating in Singapore. They offer a very decent banking account offer for customers but in terms of credit cards, they have predominantly been offering in cash back cards. Exceptionally high earning rates So what is BOC Elite Miles card offering? Local spend: promotional rate of 2 miles per dollar spent (usually 1.5 mpd) Overseas spend: promotional rate of 5 miles per dollar spent (usually 3 mpd) 4 complimentary entry to Plaza Premium lounge per year And a chance to win Singapore Airlines return economy ticket to Bangkok The promotional earn rates are valid for spend till 31 December 2018, but in any case these trump any promotions made by banks locally so far. Miles credit card punters will be incredibly familiar that the market norm for Singapore is anything between 1 to 4 miles per dollar spent, or maybe up to …

UOB relaunches the Visa Infinite Card, slashes income requirement to S$150,000

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So this caught my attention today in the Straits Times: It seems like UOB has relaunched the Visa Infinite Card as a metal card (this seems to be the new defining characteristic of a high net-worth card), with the income requirement being slashed to S$150,000 p.a. from the previously published S$350,000. Even the card face looks strikingly similar, with the sole difference being the font for “Infinite”. So what has changed? Of course, UOB has up its ante, with this being made a metal card now, the new standard for high income cards. 1. Improved miles earning rate Let’s get to the main reason why you got this card (apart from showing it off): the miles. Under the old card, local spend was rated at 1.2 miles per dollar spent, which was not that great. For foreign spend, you would earn 2 miles per dollar spent on overseas shopping and dining, as well as on local spend at luxury boutiques. This was highly restrictive, given that many other cards, such as UOB PRVI is offering …

Citibank cards can now be added to Apple Pay: Earn up to 8 miles per dollar spent!

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Citibank Singapore is finally on Apple Pay, so they are running a promotion with extra rewards from now until 31 July where you will get double or more of the usual rewards, up to 8 miles per dollar spent! All Citibank cards can now be added to your iPhone now, so that means you keep those physical cards at home. The following cards are eligible and will earn you 8 miles per dollar: Citi ULTIMATE card: You will get 20 ULTIMA dollars (or 8 miles equivalent) for all transactions in Singapore dollars Citi Prestige card: You will get 20 Citi Dollars (or 8 miles equivalent) Citi Rewards card: You will get 20 Citi Dollars (or 8 miles equivalent) for all transactions except for transactions that qualify for existing promotions, that means any purchases on Lazada (which will get you 20 Citi Dollars until 8 Jul 18), shoes, clothes or bags, departmental stores or online merchants (10 Citi Dollars year round). Other promotions include: Citi PremierMiles card: You will get 4 Citi Miles for all transactions …