UOB has just announced a brand new credit card - the UOB YOLO (yes, it really stands for You Only Live Once). This is a cash rebate card so mile warriors and chasers can go someplace else now. For everyone else, the UOB YOLO will offer you up to 8% cash rebate on weekend dining and entertainment for local and overseas spend.
While the card does come with a bunch of offers and benefits like 1-for-1 deals, here's a summary of the UOB YOLO's key features. In order to trigger the bonus cash rebates of up to 8%, you will have to charge at least S$600 to your card per statement period. Therefore, to take full advantage of this card, you should charge S$750 worth of weekend dining and entertainment spend to this card to earn S$60 cash rebate (which is the maximum per statement period). Do note that the 8% cash rebate is only valid until the end of 30 September 2016 - it will go down to 6% following that (which is still pretty decent!).
SUMMARY OF UOB YOLO's Features
|Summary of UOB YOLO's Key Features|
(per Statement Period)
(per Statement Period)
(With Minimum Spend Requirements Met)
(until 30 September 2016)
(from 01 May 2016)
|All Other Spend||0.3%|
Another interesting feature of the UOB YOLO credit card is the 3% you get from using UOB Mighty (w.e.f. 01 May 2016). In case you do not already know, UOB Mighty allows you to pay using an NFC-enabled Android phone without the use of a physical credit card. It will be interesting to see whether this feature will be rolled out for Apple users when Apple Pay finally becomes a reality in Singapore.
UOB YOLO CARD BENEFITS
The UOB YOLO also comes with a range of entertainment benefits which include 1-for-1 movie tickets at The Cathay CineplexShould you satisfy the minimum spend requirement of S$600, you will earn 8% rebates on these purchases (until 30 September 2016) and you will also benefit from the 2% SMART$ rebate. The only real catch with this promotion is that the 1-for-1 tickets are only available on Saturday and Sunday at The Cathay Cineplex (2 Handy Road) - limited to 100 tickets per day. You will also get some travel benefits but personally they are not significant enough to mention (since many cards offer the same benefits).
All monthly cash rebate that have been earned in the statement month will be automatically credited to the card account in the following statement month.
With a spectrum of Visa credit cards on offer in Singapore, one of the most elusive one at the highest end is the Visa Infinite. Commonly associated with a minimum annual income requirement of S$120,000 or higher (even though there is apparently an unbranded one that you can get in Singapore for just S$80,000), the Visa Infinite credit card is the most exclusive one you can get amongst the trio of Visa Infinite, Visa Platinum and Visa Signature credit cards.
While Singaporeans have been able to use an eligible Mastercard for train and bus rides since 20 March 2017, UOB has just announced that customers using the PRVI Mastercard can now earn 1.4 miles per S$1 on all eligible rides in the Account-Based Ticketing (ABT) pilot with Land Transport Authority (LTA) and TransitLink. Even though the UOB PRVI Mastercard gives out 3.5 UNI$ per S$5, transactions in the ABT are processed and charged after a total of S$15 is spent on transit fares or after the charges have been accumulated for up to 5 days - whichever is earlier.
Following the rather controversial launch of the KrisFlyer UOB Savings Account back in April 2017, UOB has announced a brand new UOB Stash Account (essentially a savings account) which offers the opportunity to earn up to 1% p.a. interest. Account holders will essentially earn 0.05% p.a. interest on the whole account balance with the opportunity to earn a bonus interest (of up to 0.95% p.a.) if the Monthly Average Balance (MAB) is equal to or higher than the previous month.
The OCBC Titanium Rewards Card is one of the best credit cards to hold in Singapore - especially if you shop for electronics, clothing or simply use mobile payments (like Apple Pay) a lot. I have previously covered the card in detail where I have also compared it to the Citi Rewards Card which is a credit card for similar purposes. There is currently a targeted opportunity to earn up to 6 miles (15 OCBC$) per SGD on the OCBC Titanium Rewards Card. The word through the grapevine is that OCBC will be extending the 10X OCBC$ on Mobile Payments (supposed to end on 30 September 2017) and they have actually included a Lounge Key Benefit in recent months.
Everyone knows that the DBS Woman's World MasterCard is a credit card to get in Singapore and it does not matter whether you are male or female. While reconciling my DBS Points from last statement's spending on the DBS Woman's World MasterCard, I noticed that I did not get 10X points on some of my transactions - you can request for a breakdown of DBS Points from DBS by sending a message via the secured mailbox.
The OCBC Titanium Rewards Card is one of the best credit cards in Singapore for earning miles and if you wish to understand the dynamics of this credit card, make sure you check out my previous article on everything you need to know about the OCBC Titanium Rewards Card. It appears that OCBC has introduced the opportunity to earn up to 6 miles and 2 miles per dollar on all eligible transactions made on Electronics and Gadgets as well as Dining respectively for selected cardholders. At the moment of writing, only targeted cardholders who have received either an electronic direct mail (EDM) or SMS from OCBC Bank will be able to take advantage of this promotion.
I have been to Hong Kong on multiple occasions and one of the things that I struggle with most (apart from the language) is where to go for food and coffee. I am generally unfamiliar with where everything is in Hong Kong and therefore I have really been to popular restaurants that are always recommended and visited by Singaporeans. During my latest trip to Hong Kong where I stayed at the Kerry Hotel, Hong Kong, I checked out a number of restaurants and cafes (some of them are especially memorable) along the way so hopefully this quick guide would help anyone seeking for recommendations.
There is a top spot within the OCBC Premier Banking space and that's the Premier Private Client (PPC) - one can 'easily' join this elite group by depositing or investing S$1 million (in fresh funds) and qualifying as an Accredited Investor. What caught my eyes last evening however was the introduction of a dedicated OCBC VOYAGE Card (which I have covered previously) for the PPCs and one of the additional benefits include unlimited airport limousine transfers.
Citibank discontinued the 20X Rewards promotion with Amazon (which equates to 8 miles per S$1) last month and have just introduced Zalora as the newest partner for the 20X Rewards promotion - this will run until 31 October 2017. While this is definitely great for people who shop on Zalora (though I am not sure who in this day and age), it is certainly not as impressive as the Amazon promotion that was running prior to this.
While most banks in Singapore allow you to convert your points (or equivalent currency) earned from credit card spend into Airline or Hotel points, Citibank has one of the most comprehensive list of points transfer partners - I have previously counted the total number of partners to be at 12 but they have apparently removed Delta Skymiles from the list. There are currently 11 airline points transfer partners for Citibank if you hold an eligible credit card in Singapore.