If you tend to spend between S$1,000 to S$2,000 each month in foreign currency (do note this includes foreign currencies at merchants with payment gateway in Singapore), you can easily earn up to 4 miles per S$1 (or 5% rebate) each month. The UOB Visa Signature is not a card that is often being mentioned but yet it is one of the rare few cards in the market that gives you 4 miles per S$1 (even online transactions!) which is issued in UOB UNI$ (similar to other UOB credit cards) that you can redeem for miles or cash back (effectively 5%). Find out how you can fully maximise the benefits below:
1. Spend in Foreign Currency
If you shop on a bunch of online websites, travel from outside of Singapore or even swipe your credit card overseas, you can potentially earn the maximum rebate and miles on this card. Do remember that in order to even qualify for 4 miles per dollar or 5% cash back, a minimum spend of S$1,000 in FOREIGN currency is required.
2. Tap and Go (Visa payWave) and Petrol
Holders of the UOB Visa Signature Card will also earn 4 miles per S$1 (or 5% cash back) on Visa payWave and Petrol transactions when a LOCAL spend of S$1,000 is met (per statement period). Do note that all SMART$ merchants are excluded from this - even if it is a petrol of Visa payWave transaction.
3. Spend Below S$2,000 in Foreign Currency a Month
Well, technically you can but any foreign currency spend above S$2,000 will only give you an effective mile accrual rate of 0.4 miles per S$1 (or 0.5% cash back). So for your own benefit, stop at S$2,000.
The UOB Visa Signature Card is perfect for people who are confident of spending S$1,000 to S$2,000 in foreign currency per statement period. Keeping in the mind the list of exclusions for online transactions, I gather that it is a lot easier to use it if you physically swipe it overseas. If you travel for business and book the flexible rate - you will usually only settle the bill at the end of the stay (just remember to pay in the local non-SGD currency). Do consider the DBS Altitude Visa Signature Card for 3 miles per S$1 for overseas spend if you are spending S$2,000 to S$3,000 a month in foreign currency instead.
If you have held the Citibank PremierMiles Visa Credit Card for the last 6 months of longer, chances are that you would have received a targeted offer to earn (well, purchase) 31,200 miles for S$238 once S$9,000 (in local or equivalent foreign currency) has been charged to the card between 01 July 2017 and 31 August 2017. Registration is absolutely essential for this promotion.
The wait is finally over - Mileslife is now officially launched in Singapore to offer the opportunity to earn more miles on dining, lifestyle and travel spend. To celebrate this momentous occasion, it is offering 4X more miles (up to 20 miles per S$1) on all eligible transactions made on Mileslife. Remember these miles are accorded on top of whatever you earn from your credit cards so there is definitely a huge potential to rake up those miles for free flights on First Class and Business Class!
Uber has changed the way we get around on a day to day basis. While the train is the primary mode of transport for most Singaporeans, there are instances and occasions where a car ride makes a lot more sense because you are rushing for time or simply want a more comfortable journey. If you do use Uber on a very regular basis like me, there are a few things that you can do to save money on these rides - many of which do not require you to do much and simply take an additional second or two to save you money in the long run!
Using the right credit card that will earn you a lot of miles which you can then redeem for free flights is infinitely satisfying. While the HSBC Advance Platinum Visa Credit Card no longer offers 4 miles per dollar (it now offers up to 3.5% cashback) on local dining spend, there are various ways you can still earn a decent amount of miles when you use the right card and double-dip (or even triple-dip) with a number of other promotions! One easy way to do so in Singapore is to combine the use of Chope, Mileslife and the right credit card.
While we all know that the ANZ Travel Card has died a horrible death and that your accrued Travel$ will be converted into DBS Points, it has come to my attention recently that DBS has in fact provided a really good website detailing the upcoming changes and more importantly, what will happen to your existing points and credit card products.
As we mourned the death of various credit cards in the industry lately, I was surprised to find that the OCBC VOYAGE Card (which I covered in-depth HERE) has just been unveiled improved and enhanced travel and lifestyle benefits for cardholders. While I have previously mentioned that cardholders are already able to access a personal concierge service with the credit card, OCBC has just introduced a brand new medical triage service, enhanced travel perks, greater insurance coverage and new merchant partnerships that cardholders can take advantage of immediately.
As we bid farewell to Singapore's best credit card for miles earlier this month, the brand new HSBC Advance Credit Card while nowhere near as impressive as its predecessor, offers up to 3.5% cashback on all eligible purchases. With the proliferation of unlimited cashback cards in the market, this could be a strong contender in the cashback card market if you typically charge a fairly consistent range of expenses to your credit card each month.
The HSBC Advance Visa Platinum Credit Card is dead (for mile-chasers anyway) and it will become a cashback card soon - the 4 miles per dollar promotion will end officially on 31 May 2017 and you will only earn 1X (0.4 miles per dollar) Rewards point with eligible dollar spent in the month of June 2017. You will have to redeem all your Reward points by 31 August 2017 or they will be converted into cashback on 01 September 2017 at a 100 Reward points to $0.25 rate.
The new UOB Rewards portal is beautiful and it is a huge step-up from the older UOB Rewards Plus portal. While trying to redeem some KrisFlyer Miles however, I realised that the new portal only allows you to redeem up to a maximum of 9 units - obviously with a per-transaction fee of S$25, I would want to maximise the number of miles that I am redeeming for to suit my travel requirements.
In order to help everyone keep track of the discontinuation and extension of credit card promotions in Singapore, I will be posting a series of summaries every couple of months. These summaries will basically tell you which mile-related promotions have been extended and which credit cards to ditch - no I will not be tracking dining or shopping promotions.