All posts tagged: UOB

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 …

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

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 …

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

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 …

UOB raises fee to 2.1% for PRVI Pay

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 …