Ever since the ANZ Travel Visa Signature Card has been crippled with the horrible redemption rates for Cash Rebate from 2.55% to 1.00%, many people have been asking me what the best 'General Spending' card is. While I am generally a Miles Chaser, I do appreciate the versatility of a good credit card that allows you to switch between Miles and Cash Rebate (much like the ANZ Travel Visa Signature Card then).
The UOB PRVI Miles Credit Cards (AmEx and MasterCard versions both) have been slightly crippled too lately, reducing local spend from 1.6 miles to 1.4 miles per S$1 and spend in foreign currency from 2.5 miles to 2.4 miles per S$1. That being said, UOB has introduced a new Cash Rebate redemption option in the UOB Rewards Program:
You are now able to redeem for S$100 Cash Rebate with UNI$5000 when using the PRVI Miles (or other cards as shown above). This equates to a 1.40% cash rebate on local spend and 2.40% cash rebate on all spend in a foreign currency. Of course, you can continue to enjoy an equivalent 1.4 miles or 2.4 miles per S$1 should you wish to collect miles instead.
Remember that you will also be eligible for the free one-way limousine service to Singapore Changi Airport when you charged at least S$1,000 in foreign currency to your UOB PRVI Miles Platinum American Express Credit Card per quarter.
Eligible customers who have received an SMS from OCBC Bank this evening to play the OCBC Catch Cart game will be able to earn up to 37,500 OCBC$ (worth 15,000 Miles) for being a top-scorer. Eligible customers will be able to play the game and submit their scores from 19 September 2018 to 30 September 2018 - your highest score will be recorded if you submit multiple scores.
This will probably only benefit the ladies but all cardholders of the Citi Rewards Visa Signature and Citi Rewards WORLD MasterCard will be able to earn 20X Rewards (equivalent to 8 miles) per dollar on all retail purchases made at Love, Bonito online store as well as the flagship store at 313@Somerset from now until the end of 30 September 2018.
OCBC has rolled out a number of changes in recent months - for starters, the concierge service for VOYAGE Card members has now been replaced by TEN Concierge and there were a number of revisions to the OCBC 365 credit card (making it a better cashback card potentially). While it is no longer possible to earn up to 4 miles per dollar with the OCBC Titanium Rewards card, you can now earn 5% cash rebate on all transactions when you pay with any OCBC Card on Apple Pay.
While I have never been an advocate for a cashback card, it does make sense for some consumers (especially when you have no interest in using miles for Business Class and First Class travel) - using your miles for an Economy class ticket is just heart-wrenching and honestly, you maybe better off with a cashback card. The OCBC 365 Credit Card has always been a strong contender and it brings about some new revisions this month. On the whole, it looks like it has gotten better but there are some caveats that you should take note of.
Eligible Standard Chartered cardholders used to be able to enjoy 20% cashback on Grab rides previously but that promotion has expired on 31 July 2018. From now until 31 December 2018, you will be able to enjoy up to 15% cashback on Grab rides in Singapore (and overseas!) when you charge at least S$900 of eligible retail spend each month to your Standard Chartered Credit Card - the cashback is capped at S$30 per month per cardholder.
The Citi Rewards Card is one of my recommended credit cards to hold in Singapore - up until last month, this credit card was offering a massive 8 miles per dollar on all Apple Pay transactions! Now that the promotion has ended, cardholders are still able to earn up to 10X Rewards (4 miles per dollar) when shopping for clothes, bags or shoes or at department stores or online shopping websites at eligible merchants. As you already know, the 10X Rewards is capped at maximum of 120,000 Rewards points per card anniversary year - this is about to change on 04 October 2018.
The American Express Platinum Card has long been synonymous with superior social standing and status. Today, American Express has introduced a new suite of benefits for Platinum Card Members at no additional cost - these benefits range from elite status in loyalty programs, travel credits, exclusive access to private membership clubs and spaces as well as enhanced travel benefits just to name a few.
Anyone who has read The Straits Times today must have seen Bank of China's full-page ad for the brand new BOC Elite Miles World Mastercard that offers up to 5 miles and 2 miles per dollar for foreign and local currency transactions respectively. Now before you get exceedingly excited, do note that these earn rates are promotional and they will only last until 31 December 2018 (your card must also be approved by 15 December 2018). Following the promotional period, the regular earn rates for this card revert to 3 miles and 1.5 miles per dollar for eligible foreign and local currency transactions respectively.
Now that Citibank's 8 miles per dollar promotion is coming to an end, it may be a good time to consider another bank's promotion. Standard Chartered is giving all eligible cardholders the opportunity to earn up to S$30 cashback between 16 July 2018 and 15 October 2018 when they use their credit cards via a contactless transaction (Apple Pay rewards you the quickest!) - registration is required and this is only limited to the first 25,000 cardholders during the promotion period.
Following the premature ending of 10X OCBC$ for mobile payments made using the OCBC Titanium Rewards card, OCBC has just announced that they will be removing the option for OCBC VOYAGE Cardholders to purchase 500,000 VOYAGE miles for S$10,000. The last day to take advantage of this offer is 31 August 2018 and following that, OCBC VOYAGE Cardholders will only be able to renew their VOYAGE Card by paying either S$488 or S$3,210 for 15,000 and 150,000 VOYAGE Miles respectively.