UOB recently offered this new UNI$ Rewards item for their UOB PRIVI Miles Credit Cards
PRVI Miles S$100 Cash Rebate
UNI$ 5000
code no 18705
CONDITIONS
"Each conversion must be in multiples of S$100.
Redemption of cash rebate is only applicable for UOB PRVI Miles Cardmembers.
For successful cash rebate redemption, there must be sufficient UNI$ earned from transactions
carried out and charged to your UOB PRVI Miles Card.
If redemption is successful, cash rebate will be credited to your UOB PRVI Miles Card account in the next statement cycle. If redemption is unsuccessful, the UNI$ used to perform the redemption will be credited back to your account.
Terms and conditions apply. "
I need help with this part of the T&C :
" If redemption is successful, cash rebate will be credited to your UOB PRVI Miles Card account in the next statement cycle."
What the heck does this mean in simple English???
E.g. I spend $1000 in the month of June 2015.
I apply for $800 of cash rebates in June 2015.
Does it mean that the June expenses in my Statement received next month in early July will look like this?
June Expenses = $1000
Rebate = ($800)
Total Payment = $200 due in July 2015.
OR does it mean that ( following the same e.g. above)
I apply for $800 of cash rebates in June 2015.
This $800 rebate only appears next month in July 2015.
I spend $900 in July 2015.
When I receive the CC statement next month, e.g. early August 2015,
July Expenses = $900
Rebates = ($800)
Total Payment = $100 due in August 2015.
Does anyone know?