Credit Cards

UOB PRVI Miles Credit Card – MoneySmart Review 2018

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Joanne Poh

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If you thought travelling was expensive, try travelling as a family when you’re the one who has to pay for everything.

Suddenly, spending a five figure sum in a single trip doesn’t seem quite so impossible. With multiple air tickets to purchase and multiple mouths to feed, shopping for souvenirs will be the least of your concerns.

The UOB PRVI Miles Card (available as a Mastercard, Visa and American Express) can mitigate the damage somewhat, by helping you earn miles on your spending so your next family holiday costs a little less. Here’s a look at some of the features of the card:

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.

     

    Pros and Cons of the UOB PRVI Miles Credit Card

    Pros

    Cons

    A generous 6 miles for every $1 spent on flight and hotel bookings made on Expedia, UOB Travel, Agoda and Kaligo.

    6 miles for $1 offer on flight bookings is limited to certain airlines, doesn’t include budget airlines.

    A decent 2.4 miles for every $1 spent overseas.

    1.4 miles for every $1 spent in Singapore, which is a good rate for general local spending.

    Entry-level income requirement of $30,000.

    First year fee waiver.

    Higher than average annual fee of $256.80.

    Currently offering 10,000 welcome miles as a sign-up bonus for new UOB cardmembers. (If you already have a UOB card but are applying for the UOB PRVI for the first time, you get 2,000 miles instead.)

     

    To be eligible for sign-up bonus, you need to register by SMS. SMS Bonus<space>NRIC/Passport no. to 77862 upon card approval.

    You also need to spend at least $6,000 in the first 3 months. Promotion is limited to first 2,000 spenders.

    Welcome miles offer expires 31 Jul 2018.

    [Amex only] Generous loyalty bonus of 20,000 miles every year.

    Must spend $50,000 or more in a membership year to qualify for loyalty bonus.

    Complimentary travel insurance of up to $1,000,000 when entire travel fare is charged using the card.

    [Amex only] $45 rebate when you book one-way limousine service to Changi Airport.

    To enjoy $45 rebate on limousine service, must spend at least $1,000 overseas within a qualifying quarter. Maximum 2 rides ($90 rebate) per quarter.

     

    Why this card is good for families

    The UOV PRVI Miles Card’s greatest strength is its generous miles conversion rate for local spending. The 1.4 miles per $1 is a lot higher than what most other entry level cards are offering. For instance, both the DBS Altitude Card and the Amex Krisflyer Ascend Card offer only 1.2 miles for every $1 of normal local spending.

    Families are in a great position to take advantage of the high miles conversion rate 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.

    Another advantage is that the card offers free travel insurance when you book flights with it. When you travel as a family, your travel insurance costs are much higher than they would be if you were travelling alone. (That being said, there are many other cards which provide free insurance.)

    If you’re planning big-ticket expenses of $6,000 in the coming 3 months, it’s definitely worth it to sign up as 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) if you hit that spend. You have to register by SMS and hope that you’re one of the first 2,000 spenders though.

    What sucks is that the annual fee is relatively high given its entry-level income requirement of $30,000. However, the annual fee is waived for the first year.

     

    What are the alternatives?

    As a credit card for accumulating frequent flyer miles, the UOB PRVI Miles Card is pretty attractive overall, especially for families who have to spend a fair bit of money locally.

    Here’s how UOB PRVI Miles Card stacks up against a few similar credit cards:

    • DBS Altitude Card – Offers poorer rates on travel, overseas and local spending, with a lower annual fee of $192.60 (waived for the first year).
    • Amex KrisFlyer Ascend – Higher minimum income of $50,000. Miles conversion rates are generally poorer, and annual fee is higher at a hefty $337.50. But there are some perks such as a free annual hotel stay and airport lounge passes. More generous sign up bonus of 7,000 miles plus an extra 13,000 miles if you spend $5,000 in the first 3 months.

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

     

    UOB PRVI Miles Card income requirements

    Singaporeans & PRs: $30,000 OR fixed deposit of $10,000

    Foreigners: $40,000 OR fixed deposit of $10,000

     

     

    UOB PRVI Miles Card annual fee

    $256.80 (waived for first year)

     

    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.