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UOB PRVI Miles Credit Card – MoneySmart Review 2018

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Joanne Poh

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The UOB PRVI Miles Card is one of the best air miles credit cards in Singapore with high earn rates of $1 = 1.4 miles (local) and $1 = 2.4 miles (overseas). This is all the more impressive considering its entry level income requirement of $30,000. 

But is there a catch? Let’s find out by taking a closer look at the UPB PRVI Miles Card.

 

UOB PRVI Miles Credit Card terms & conditions

UOB PRVI Miles Credit Card
Annual fee & waiver $257 (waived for 1 year)
Supplementary annual fee First 2 supp cards free, subsequently $128.40
Interest free period 21 days
Annual interest rate 25.90%
Late payment fee $90
Minimum monthly repayment 3% or $50, whichever is higher
Foreign currency transaction fee 3.25%
Cash advance transaction fee 6%
Overlimit fee $40
Minimum income $30,000 (Singaporean) / $40,000 (non-Singaporean)
Card association MasterCard, Visa, American Express
Wireless payment MasterCard PayPass, Visa payWave, Apple Pay, Samsung Pay, Android Pay, Mighty Pay

 

How the UOB PRVI Miles Card works

The UOV PRVI Miles Card’s greatest strength is its generous miles conversion rate for both local and overseas spending.

$1 = 1.4 miles on local spending is significantly higher than the “market rate” of $1 = 1.2 miles offered by most entry-level miles cards, while $1 = 2.4 miles overseas is impressive compared to the usual $1 = 2 miles.

The generous bonus earn rate of $1 = 6 miles on Expedia, Agoda and UOB Travel rewards you even more for making flight and hotel bookings online. Note that the offer is limited to certain airlines, and doesn’t include budget airlines.

If you’re planning big ticket expenses of $6,000 in the coming 3 months, you can get either 10,000 miles (for new to UOB cardmembers) or 2,000 miles (if you already have a UOB card but this is your first UOB PRVI). You have to register by SMS and hope that you’re one of the first 2,000 spenders though; see the promotional T&Cs here.

One important thing to note is that UOB miles expire within 2 years. If you are confident that you can earn enough miles to fly somewhere decent within that time frame, then that won’t be an issue.

 

Other perks of the UOB PRVI Miles Card

Most air miles credit cards offer some sort of travel-related benefits. Like many others on the market, the UOB PRVI Miles Card offers free travel insurance when you charge your entire travel fare to the card.

If you’re looking for travel perks, consider getting the American Express version of this card as it offers a $45 rebate on limousine service to Changi Airport when you spend at least $1,000 overseas within the quarter. This perk is capped at 2 limo rides per quarter.

The UOB PRVI Miles American Express Card also gives you a generous loyalty bonus of 20,000 miles annually when you spend $50,000 or more that year.

 

Who should use the UOB PRVI Miles Card?

Don’t be fooled by the entry level income requirement – the UOB PRVI Miles Card actually works best for high spenders such as business travellers.

Families are also in a great position to take advantage of the high miles conversion rate on on local spending, since they’re likely to consistently spend a significant amount of money each month on the kids, groceries, dining and so on.

And if you thought travelling was expensive, try travelling as a family when you’re the one who has to pay for everything. With multiple air tickets to purchase and multiple mouths to feed, the miles you earn overseas can quickly add up.

However, if you’re not at this expensive life stage yet, you might find yourself better off with a miles card whose miles don’t expire, so you have a longer time to accumulate miles. The annual fee is also relatively high, although it is waived for the first year.

 

Alternatives to UOB PRVI Miles Card

As a credit card for accumulating frequent flyer miles, the UOB PRVI Miles Card is pretty attractive overall. Here’s how UOB PRVI Miles Card stacks up against a few similar credit cards:

DBS Altitude Card – Similar entry level miles card but with poorer earn rates. There’s a similar structure for earning miles, with a bonus category for online travel bookings. However, DBS miles don’t expire, and there’s a lower annual fee of $192.60 (waived for the first year).

Amex KrisFlyer Credit Card Miles conversion rates are generally poorer, but there’s a generous sign-up bonus if you’re planning to spend $5,000. The miles go straight into your KrisFlyer account so it’s super easy to use.

Maybank Horizon Visa Signature Poor base earn rates, but very good bonus rate of $1 = 3.2 miles for certain specific local spending categories: dining, petrol, taxis, as well as bookings on Agoda. There’s a minimum spend of $300 per month though, and the $50,000 income requirement is higher.

Notice that the UOB PRVI Miles card beats the competition when it comes to basic spending. This makes it better than the competition for families with high day-to-day costs.

Convinced that the UOB PRVI Miles is for you? Apply here.

UOB PRVI Miles Card

UOB PRVI Miles Card


Card Benefits

    • S$1 = 1.4 miles (Local spend); S$1 = 2.4 miles (Overseas spend)
    • S$1 = 6 miles for spends on major airlines and hotels booked through Expedia, UOB Travel, and Agoda
    • No minimum spend and no cap on earned miles
    • 20,000 loyalty miles every year with min. spend of S$50,000 in a year; Up to 8 complimentary airport transfers to Changi Airport in a year (Exclusively for UOB PRVI Miles American Express Card)
    • Complimentary travel insurance coverage of up to S$1,000,000. T&Cs apply.

    What credit card do you use to accumulate air miles? Share your recommendations in the comments!

     

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    Joanne Poh

    In my previous life, I was a property lawyer who spent most of my time struggling to get out of bed or stuck in peak hour traffic. These days, as a freelance commercial writer, I work in bed, on the beach, in parks and at cafes, all while being really frugal. I like helping other people save money so they can stop living lives they don't like.