All posts tagged: Credit Cards

UOB raises fee to 2.1% for PRVI Pay

Published by

If you are into accumulating miles through your credit card spending in Singapore, chances are you will hold the UOB PRVI MasterCard (or Visa, or it’s more affluent counterpart – Amex). While the earn rate is now somewhat on the average side with newer entrants such as the BOC Elite Miles card, one of the most powerful function of this card is the ability to buy miles on demand through PRVI Pay. What is PRVI Pay? Launched in 2017, PRVI Pay is essentially a cash advance facility offered by UOB with a 2% fee for a one-time drawdown (which means you need to pay back at the end of your billing cycle), or a 2.2% fee if you want to break the about into a 3-month instalment. As with any other unsecured loan, you do not actually need to show that you actually need the money and it is credited into your bank account directly. The cash advance also earns you an effective rate of 1 mile per dollar drawn through PRVI Pay, awarded in …

Earn miles for as low as 0.8 cent per mile with Citibank PayAll

Published by

Citibank has unveiled Citibank PayAll this week, an option for you to pay large peer-to-peer expenses such as rent and tuition fees from your credit card, allowing you to earn miles or points from the payments.  There is a service fee for each payment, but you will also earn 1.2 miles per dollar spent on the Citi PremierMiles card. If you hold other Citibank credit cards that earn miles, Other Citibank cards that earn miles include the Citi Prestige and the Citi Ultima Card, earning you 1.3 and 1.6 mile respectively per dollar paid via PayAll. If you do not hold any of the above, you may also earn Citi reward points if you use the facility off the following cards: Citi Classic Citi Clear Platinum Citi Gold Citi Platinum Citi Rewards For the cards above, you will earn 1 reward point per dollar spent. This is not great, considering you can convert these points to 0.4 mile per point. The service fee ranges from S$24 to S$120, depending on how much you are paying …

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

Published by

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 …