HWZ Forums

o0KelviN0o · 16-05-2012, 11:13 AM

i just checked out UOB Preferred Platinum Card and they give 10x UNI$ for overseas spending!!!

Chanel, LV, Prada & Hermes considered as a store worldwide that sells clothes, shoes or bags as its main business activity right?

goenitz33 · 16-05-2012, 11:17 AM

o0KelviN0o wrote:

i just checked out UOB Preferred Platinum Card and they give 10x UNI$ for overseas spending!!!

Chanel, LV, Prada & Hermes considered as a store worldwide that sells clothes, shoes or bags as its main business activity right?

They do.

It is same as Citibank Rewards Card. 10x

Local / Overseas same as long as bags/shoes/clothing main business and also Departmental Store.

Only difference is Citibank Round down to the nearest $1 and UOB round down to nearest $5.

Also things like expiry time and 1 being Visa and the other is AMEX and such.

Arcanell · 16-05-2012, 11:18 AM

Visa has lower overseas transaction fee than amex

Take note of the Terms n condition:

http://www.uob.com.sg/personal/cards...s/pdfs/tnc.pdf

Quote:

1) 1.6 miles for every S$1 spent in Singapore
UOB PRVI Miles Cardmembers will earn 4 UNI$ for every S$5 spent for transactions in Singapore
dollars, which is equivalent to 1.6 miles for every S$1 spent, and excludes Installment Payment Plan,
SMART$ transactions, funds transfers, cash advances, fees, interests and other financial charges.

2) 2.5 miles for every S$1 spent overseas
UOB PRVI Miles Cardmembers will earn 6.25 UNI$ for every S$5 spent for card transactions in foreign
currencies, which is equivalent to 2.5 miles for every S$1 spent, and excludes Installment Payment Plan,
SMART$ transactions, funds transfers, cash advances, fees, interests and other financial charges. In
the event the UNI$ awarded is in decimal points, the final UNI$ awarded for each transaction will be
rounded down to the nearest whole figure. Card transactions made overseas but effected in Singapore
dollars will be treated as transactions made in Singapore.

UNI$ will only be awarded for every $5 spent.

o0KelviN0o · 16-05-2012, 11:23 AM

did a simple calculation for local spending...

DBS Altitude vs UOB PRVI Miles

based on $50 Isetan (UOB) vs $50 Taka (DBS) - DBS wins even though 3 points per $5

this card, overseas & local spending lose in terms of my rewards redemption habits...

i'm not very keen about flyer miles as i travel for work... can clock quite easily

o0KelviN0o · 16-05-2012, 11:27 AM

goenitz33 wrote:

They do.

It is same as Citibank Rewards Card. 10x

Local / Overseas same as long as bags/shoes/clothing main business and also Departmental Store.

Only difference is Citibank Round down to the nearest $1 and UOB round down to nearest $5.

Also things like expiry time and 1 being Visa and the other is AMEX and such.

how bro? i need to find a card for my Europe trip soon... Citi rewards card better than Maybank?

continuum · 16-05-2012, 12:25 PM

Sigh. Why must they go with Amex?

goenitz33 · 16-05-2012, 01:38 PM

o0KelviN0o wrote:

how bro? i need to find a card for my Europe trip soon... Citi rewards card better than Maybank?

i think best you check with the bank how much would the overseas transaction cost and how do they base on the exchange rates.

Upfront discount > points to me.

so whichever card is cheaper i think i will go for that one

sleeping · 16-05-2012, 03:41 PM

why can't the banks make their card a clear winner? I am refering to UOB and DBS. At least Citibank (Premier Miles), Maybank (Horizon) and HSBC(infinite) have their own niche.

goenitz33 · 16-05-2012, 03:46 PM

its not possible. All the business in SG follow a certain pattern / standard set by their competitor and wont move too far out of it

avsquare · 16-05-2012, 07:58 PM

sleeping wrote:

why can't the banks make their card a clear winner? I am refering to UOB and DBS. At least Citibank (Premier Miles), Maybank (Horizon) and HSBC(infinite) have their own niche.

Isn't DBS's Altitude Visa better than Citibank PM?

goenitz33 · 17-05-2012, 01:17 AM

avsquare wrote:

Isn't DBS's Altitude Visa better than Citibank PM?

u need to spend an average of 2k each mth to make it better.

which in this case wouldnt UOB Miles card beat DBS Altitude Visa since you dont need to hit minimum spending ??

DBS Altitude
For the first S$2,000 spent, you earn 1.2 miles per S$1. For every additional dollar spent in the month, you earn 1.6 miles*! Best of all, your points never expire.

looking at this i really hope someone confirms that spending 2k and above like $2001 = 1.6 miles for all below and not first 2k = 1.2 miles and the $1 after that is 1.6 miles

Suleyman · 17-05-2012, 02:46 AM

goenitz33 wrote:

u need to spend an average of 2k each mth to make it better.

which in this case wouldnt UOB Miles card beat DBS Altitude Visa since you dont need to hit minimum spending ??

DBS Altitude
For the first S$2,000 spent, you earn 1.2 miles per S$1. For every additional dollar spent in the month, you earn 1.6 miles*! Best of all, your points never expire.

looking at this i really hope someone confirms that spending 2k and above like $2001 = 1.6 miles for all below and not first 2k = 1.2 miles and the $1 after that is 1.6 miles

It's in the fine print.

Quote:

The additional 1X DBS point for DBS Altitude Visa Signature Cardmembers' monthly incremental spend above S$2,000 will be computed and awarded based on the Cardmember's statement cycle.

So, first 2k earns 3 DBSpoints/$5 (or 1.2 miles). Next 2k earns 4 DBSpoints.

I will say that UOB Privi Miles beat Altitude Amex, but against Altitude Visa, we go back to the age old argument about how Amex is accepted in less places, etc.

Anyway, I'm hoping this card will shake DBS & Citi a bit and they will improve their offerings for Altitude and Premiermiles. If not, I have submitted my application and am happy to switch.

Awesom Andy · 17-05-2012, 08:55 AM

I think this card is best used together with the Citi PM as a general-spend Amex/Visa combo. Assuming you probably won't reach $2k on the visa, Citi PM is better than the DBS Altitude.