All posts tagged: UOB Preferred Platinum

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

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 …