UOB KrisFlyer Credit Card – MoneySmart Review 2022

uob krisflyer credit card

When the UOB KrisFlyer Card was launched, people got all excited (at least, the kind of people who hang out on forums like Flyertalk and Milelion).

It was the first credit card in Singapore to be linked with a bank account, letting cardholders boost their air miles earn rate by opening a KrisFlyer UOB Deposit Account.

A couple of years on and the hype has died down. Is the card still worth considering? Let’s find out.

Contents

  1. UOB KrisFlyer Card: Summary
  2. UOB KrisFlyer Card: Annual Fee, Minimum Income
  3. UOB KrisFlyer Card Minimum Spend
  4. UOB KrisFlyer Card Benefits
  5. UOB KrisFlyer Card Terms and Conditions
  6. How to maximise my UOB KrisFlyer Card?
  7. UOB KrisFlyer: Earn KrisFlyer Miles Directly
  8. Should I get UOB KrisFlyer Card?
  9. UOB KrisFlyer Miles Card Promotions

1. UOB KrisFlyer Card: Summary

The UOB KrisFlyer Card was launched in 2019 to much fanfare. As you can guess, it’s an air miles credit card that lets you earn KrisFlyer miles when you spend on it.

Cardholders are encouraged to open a KrisFlyer UOB Deposit Account as it can be used in tandem with the card and enables you to earn additional bonus KrisFlyer miles.

There is also a UOB KrisFlyer Debit Card that lets you earn KrisFlyer miles on your spending, albeit at a lower rate.

UOB logo
MoneySmart Exclusive
Earn Miles on Everyday Spending
on Singapore Airlines, SilkAir, Scoot and KrisShop
S$1 = 3 Miles
on dining, food delivery, online shopping and travel, and transport spend
S$1 = 3 Miles
on all other spend
S$1 = 1.2 Miles
MoneySmart Exclusive:

Apply and spend S$500 monthly for the first 2 consecutive months to get S$150 Cash via PayNow OR Apple Airpods Gen 3 (worth S$269) OR Lenovo Tab M10 HD (2nd Gen) (worth S$269) (First 200 applicants) or S$50 Cash via PayNow (201 applicant onwards). T&Cs Apply.

Valid until 31 Oct 2022

2. UOB KrisFlyer Card Annual Fee, Minimum Income

UOB KrisFlyer Card
Annual Fee $192.60
Annual Fee Waiver First year
Supplementary Card Annual Fee $96.30 (free for first card)
Interest Free Period 21 days
Annual Interest Rate 26.9% (minimum charge of $3)
Late Payment Fee $100
Minimum Monthly Repayment 3% or $50, whichever is higher
Foreign Currency Transaction Fee 3.25%
Cash Advance Transaction Fee 8% (minimum fee of $15)
Overlimit Fee $40
Minimum Income $30,000
Card Association Mastercard
Contactless Payment Apple Pay, Samsung Pay, UOB Mighty Pay, Mastercard Contactless

3. UOB KrisFlyer Card Minimum Spend

The KrisFlyer UOB Credit Card is an air miles credit card that lets you earn KrisFlyer miles when you spend using the card.

Miles accumulation on local dining, food delivery, online shopping and travel and transport is boosted to 3 miles per $1 spent if you meet a $500 minimum spending requirement in the month. Otherwise, you just get the base rate of 1.2 miles = $1.

4. UOB KrisFlyer Card Benefits

The card’s air miles benefits are as follows:

UOB KrisFlyer Card
Singapore Airlines, Scoot and KrisShop purchases 15 miles per $5 (3 miles = $1)
Dining, food delivery, online shopping and travel and transport spending (minimum $500 annual spend) 15 miles per $5 (3 miles = $1) 
All other spending 6 miles per $5 (1.2 miles = $1) on all other spending
KrisFlyer UOB Deposit Account holder 5 bonus miles = $1 spend with monthly KrisFlyer UOB Deposit Account balance of $1,000 without salary crediting
KrisFlyer UOB Deposit Account holder 6 bonus miles = $1 with monthly KrisFlyer UOB Deposit Account balance of $1,000 with salary crediting

Miles are credited directly to your KrisFlyer account, so you don’t need to spend any money or time converting them.

KrisFlyer miles expire after 3 years, so you want to make sure you rack up enough to redeem for a decent air ticket before their shelf life is over.

5. UOB KrisFlyer Card Terms and Conditions

You can earn at least the base rate of 1.2 miles for almost all spending, but as is usual with credit cards, the terms and conditions do exclude some types of expenditure from earning miles, such as the following:

  • NETS transactions
  • Utilities
  • Insurance
  • Banks or financial institutions
  • Foreign currencies and crypto
  • Rent
  • Parking
  • Gambling
  • Hospital bills
  • Doctors and other medical services
  • School fees
  • Charities, political or religious organisations
  • Fines
  • Taxes
  • Government services
  • Postal services
  • Recharging of stored value

6. How to maximise the UOB KrisFlyer Card?

Opening a KrisFlyer UOB Deposit Account and depositing at least $1,000 is essential if you want to maximise the number of miles earned on this card.

The amount of bonus miles you can earn through your KrisFlyer UOB Deposit Account is capped based on the monthly average balance in your account for that particular month. So, if you have $1,000 in your account, you can earn bonus miles on up to $1,000 worth of spending.

There is no cap on miles earned elsewhere. Be that as it may, if you find that you are busting the bonus miles cap, you should bump up the balance in your KrisFlyer UOB Deposit Account.

7. UOB KrisFlyer Card: Earn KrisFlyer Miles Directly

The KrisFlyer UOB Card deposits miles directly into your KrisFlyer account. Unlike other UOB air miles credit cards, there is no need to convert UNI$ into KrisFlyer miles.

You can simply check your KrisFlyer miles balance by logging in directly to your KrisFlyer account.

8. Should I get the UOB KrisFlyer Card?

This card is best for people who have some spare cash and don’t mind depositing it in the UOB KrisFlyer Deposit Account to bump up their interest rate.

If you’re able to do that, the card gives a great earn rate for everyday spending (dining, food delivery, online shopping and travel and transport spending), as well as Singapore Airlines and Scoot bookings.

9. UOB KrisFlyer Card Promotions

UOB is currently offering a welcome gift of up to 12,000 KrisFlyer miles when you sign up for the card and spend at least $1,500 within 30 days from card approval date (limited to first 100 new-to-UOB cardmembers in the month).

There’s also a bunch of dining, lifestyle and travel promotions here.

Here’s how their welcome promotion compares to what’s being offered by competitors:

Air Miles Credit Card Promotion Base Earn Rate
UOB KrisFlyer Card 12,000 KrisFlyer miles when you spend spend $1,500 within first 30 days $3 = 1 mile on Singapore Airlines, Scoot and KrisShop purchases

$3 = 1 mile on dining, food delivery, online shopping and travel and transport spending (minimum $500 annual spend)

5 / 6 bonus miles = $1 with UOB KrisFlyer Deposit Account balance of at least $1,000 with/without salary crediting

DBS Altitude Card Complimentary Digital Priority Pass membership with 2 free lounge visits

7% off Agoda hotel bookings

10% cashback on Booking.com accommodation bookings

8% off Hotels.com bookings

$1 = 10 miles on hotel transactions at Kaligo

$1 = 6 miles on flight and hotel transactions at Expedia

$1 = 3 miles on online flights and hotel transactions

$1 = 2 miles on overseas spend

$1 = 1.2 miles on local spend

AMEX KrisFlyer Up to 22,000 mile welcome gift when you spend $2,000 within first 3 months $1 = 3.1 miles on Grab

$1 = 2 miles on Singapore Airlines and KrisShop

$1 = 2 miles on overseas spend in June and December

$1 = 1.1 miles on local spend

$1 = 0.5 miles on Singapore Airlines installment plans

Maybank Horizon Card Free Samsonite luggage worth $550 $1 = 3.2 miles on local restaurant dining, local petrol, local public transport including Grab and taxis and Agoda hotel bookings

$1 = 2 miles for air tickets, travel packages, cruise packages and foreign currency transactions for online purchases or overseas spending

10. Air Miles Card Similar to UOB KrisFlyer Card

Not impressed by the UOB KrisFlyer? Consider these other cards instead:

DBS Altitude Card – Up to $1 = 10 miles conversion rate on travel bookings and overseas spending. Miles never expire, so this can be a good option if you don’t spend much.

DBS logo
Earn Miles That Never Expire
Local Spend
S$1 = 1.2 Miles
Overseas Spend
S$1 = 2 Miles
Staycation bookings
S$1 = 10 Miles

AMEX KrisFlyer – Up to $1 = 3 miles on Grab rides, Singapore Airlines purchases and overseas spending. Convenient as miles are credited directly to KrisFlyer account.

American Express logo
MoneySmart Exclusive
Convenience & Perks for Frequent Flyers
Local Spend
S$1 = 1.1 Miles
Overseas Spend
S$1 = 2 Miles
Grab rides
S$1 = 3.1 Miles
Get up to 22,000 worth of KrisFlyer Miles (worth a return trip to Bali via Singapore Airlines) from Amex when you apply. Min. spends of S$2,000 within the first 3 months of Card Approval required. T&Cs Apply.
Valid until 31 Oct 2022

Maybank Horizon Card – Great local spending earn rate of up to $1 = 3.2 miles on dining, petrol, public transport and Agoda bookings, but you must meet their minimum spending requirement of $300.

Maybank logo
Online Promo
on Dining, Petrol, Taxi and Hotel Bookings at Agoda
S$1 = 8X Points
on Air Tickets, Travel Packages and Foreign Currency Spend
S$1 = 5X Points
Rewards to Miles Conversion for Selected Airline Partners
1 Point = 0.4 miles
Online Promo:
Get Samsonite Harts 68/25 Spinner worth S$550 with Maybank Credit Cards and CreditAble^
Simply apply for a new Maybank Credit Card and CreditAble, and charge to your Credit Card and/or withdraw from your CreditAble Account a minimum of S$300 for each of the first two consecutive months upon approval. T&Cs apply.
Valid until 31 Oct 2022

What do you think of the latest UOB Air Miles card? Tell us in the comments!