If you’re looking for a credit card that provides exclusive rewards and benefits, the UOB Preferred Platinum Card in Singapore may be the perfect fit for you. With a minimum income requirement of S$30,000 per year, this entry-level card offers a range of features that can help you maximise your spending and save money on your purchases.
One of the key benefits of the UOB Preferred Platinum Card is the exclusive rewards program that offers up to UNI$10 per S$5 spend on online shopping and entertainment, as well as mobile contactless payment. You can also earn UOB$ cashback on all purchases in-store at over 1,000 participating merchants across all categories islandwide. Additionally, when you purchase your travel tickets with your UOB Preferred Platinum American Express Card, you will receive free accident insurance of up to S$1,000,000.
Understanding the fees and charges associated with the UOB Preferred Platinum Card is important to ensure you’re making the most of your card. There is an annual fee of S$192.60, which is waived for the first year. You’ll also need to make a minimum spend of S$1,000 per month for three consecutive months from the date of card approval to receive S$150 Cash Credits. With the right usage, the UOB Preferred Platinum Card can provide a range of benefits and rewards that can help you save money on your purchases and maximise your spending.
Key Takeaways
- The UOB Preferred Platinum Card offers exclusive rewards and benefits for Singapore residents.
- The card provides up to UNI$10 per S$5 spend on online shopping and entertainment, as well as mobile contactless payment.
- Understanding the fees and charges is important to maximise the benefits of the card.
Key Features and Benefits
The UOB Preferred Platinum Card is a rewards card that offers a range of benefits to its users. Here are some of the key features and benefits of the card:
Rewards Programme
With the UOB Preferred Platinum Card, you can earn up to UNI$10 per S$5 spend on selected online transactions, whether made locally or overseas. This includes shopping for apparel, bags, shoes, accessories, electronics, ordering for groceries, dining or food delivery, and even spending at drugstores or on entertainment and ticketing. You can also earn up to UNI$10 per S$5 spend via mobile contactless payment.
The rewards you earn can be exchanged for gifts and vouchers in the UOB rewards catalogue, air miles or cashback. You can also pool your rewards points with other UOB cards to enhance the card’s value proposition for rewards maximization.
Dining and Entertainment Perks
The UOB Preferred Platinum Card offers high rewards earn rates, particularly for online and contactless payments. You can earn rewards faster when you dine out or enjoy entertainment with the card. You can also earn UOB$ cashback on all purchases in-store at over 1,000 participating merchants across all categories islandwide and use it to offset your next purchase.
Travel and Insurance Advantages
The UOB Preferred Platinum Card also offers travel and insurance advantages. You can enjoy complimentary travel insurance coverage of up to S$500,000 when you charge your travel tickets to the card. You can also enjoy exclusive travel deals and offers when you book your travel with the card.
In addition, you can enjoy complimentary personal accident insurance coverage of up to S$1,000,000 and medical expense coverage of up to S$50,000 when you charge your travel tickets to the card. You can also enjoy exclusive medical and lifestyle privileges when you book your travel with the card.
In conclusion, the UOB Preferred Platinum Card is a great choice if you are looking for a rewards card that offers a range of benefits, including rewards, cashback, miles, entertainment, travel, and insurance advantages. With its high rewards earn rates and exclusive privileges, the UOB Preferred Platinum Card is an excellent way to maximize the value of your spending.
Exclusive Online and Contactless Spend Rewards
The UOB Preferred Platinum Visa Card offers exclusive rewards for online shopping and mobile contactless transactions. When you use your card for selected online transactions, you can earn up to UNI$10 for every S$5 spent. This consists of UNI$1 base reward point and UNI$9 bonus reward points. Bonus points are capped at UNI$2,000 per calendar month.
Online Shopping Benefits
With the UOB Preferred Platinum Visa Card, you can earn up to UNI$10 for every S$5 spent on online shopping. This includes purchases made on selected online merchants such as Lazada, Shopee, Amazon, and more. You can also earn UOB$ cashback on all purchases in-store at over 1,000 participating merchants (across all categories islandwide) and use it to offset your next purchase.
Mobile Contactless Transactions
The UOB Preferred Platinum Visa Card also rewards you for mobile contactless transactions. You can earn up to UNI$10 for every S$5 spent via mobile contactless payment. This includes transactions made using Apple Pay, Samsung Pay, Google Pay, Fitbit Pay, and more.
In addition to the rewards, using your UOB Preferred Platinum Visa Card for contactless payment is also convenient and secure. You can simply tap your card on the contactless reader to make payment, without the need to sign or enter a PIN. This reduces the risk of card skimming and fraud.
Overall, the UOB Preferred Platinum Visa Card is an excellent choice for those who frequently shop online and make mobile contactless transactions. With its exclusive rewards and convenient payment options, you can enjoy a seamless and rewarding shopping experience.
Understanding Fees and Charges
As with any credit card, it is important to understand the fees and charges associated with the UOB Preferred Platinum Visa Card before making a decision. This section will outline the annual fee details and transaction fees and exclusions.
Annual Fee Details
The UOB Preferred Platinum Visa Card has an annual fee of $192.60. However, the annual fee will be waived for the first year for the primary cardholder and the first two supplementary cardholders. From the second year onwards, the annual fee will be waived for the primary cardholder with a minimum spend of $10,000 per year. The supplementary card annual fee is $96.30 per year.
Transaction Fees and Exclusions
The UOB Preferred Platinum Visa Card has a foreign transaction fee of 2.8% of the transaction amount. However, this fee can be waived if you meet the minimum spend requirement of $1,000 per month for three consecutive months from the date of card approval.
There are also spend exclusions that do not count towards the minimum spend requirement. These exclusions include payment of insurance premiums, donations, and payment to financial institutions. Please refer to the terms and conditions for a full list of exclusions.
It is important to note that the cashback and UNI$ earned on the UOB Preferred Platinum Visa Card are capped at $50 and 5,000 UNI$ per statement cycle respectively. There is also no minimum spend required to earn cashback or UNI$.
In summary, the UOB Preferred Platinum Visa Card has an annual fee of $192.60, which can be waived with a minimum spend of $10,000 per year for the primary cardholder. The card also has a foreign transaction fee of 2.8%, which can be waived with a minimum spend requirement of $1,000 per month for three consecutive months. Spend exclusions apply and cashback and UNI$ earned are capped. Please refer to the terms and conditions for a full list of details and exclusions.
Maximising Your Card Usage
If you are looking to get the most out of your UOB Preferred Platinum Card, there are a few strategic ways to maximise your card usage and earn more rewards.
Strategic Spend to Earn More Rewards
To earn more rewards, it is essential to spend strategically. The UOB Preferred Platinum Card offers up to UNI$10 per S$5 spend on selected online transactions such as shopping for apparel, bags, shoes, accessories, electronics, ordering for groceries, dining or food delivery and even spending at drugstores or on entertainment and ticketing. By focusing your spending on these categories, you can earn more rewards with every purchase.
Partner Merchants and Promotions
Another way to maximise your card usage is to take advantage of partner merchants and promotions. The UOB Preferred Platinum Card offers exclusive discounts and promotions with merchants such as Grab, Shopee, and food delivery services. By using your card to make purchases with these merchants, you can earn more rewards and save money at the same time.
To make it easier to keep track of partner merchants and promotions, UOB provides a list of qualifying spend and merchants on their website. By checking this list regularly, you can stay up-to-date on the latest promotions and make sure you are earning rewards with every purchase.
In conclusion, by spending strategically and taking advantage of partner merchants and promotions, you can maximise your UOB Preferred Platinum Card usage and earn more rewards. So, start exploring the various categories and merchants that offer the best rewards, and enjoy the benefits of your card while saving money.
Eligibility and Application
If you’re looking for a credit card that can offer you great rewards and benefits, the UOB Preferred Platinum Card might be the perfect fit for you. To apply for this card, you need to meet certain eligibility requirements. Here’s what you need to know:
Income and Age Requirements
To be eligible for the UOB Preferred Platinum Card, you must be at least 21 years old and have a minimum income of $30,000 per annum. If you’re a foreigner, you’ll need to have a minimum income of $40,000 per annum.
Application Process
The application process for the UOB Preferred Platinum Card is straightforward and can be done online. Here’s what you need to do:
- Visit the UOB website and fill out the online application form.
- Provide the necessary documents, including your income tax statement, your latest payslip, and your NRIC or passport.
- Wait for the bank to process your application. This usually takes around 7 to 10 working days.
- If your application is approved, you’ll receive your UOB Preferred Platinum Card in the mail.
It’s important to note that while meeting the minimum income requirement is essential, it doesn’t guarantee that your application will be approved. The bank will also consider other factors, such as your credit score and credit history.
Overall, if you’re looking for a credit card that offers great rewards and benefits, the UOB Preferred Platinum Card is an excellent option. With its high earn rate and exclusive privileges, you can enjoy a range of perks and benefits that will make your spending more rewarding.
Frequently Asked Questions
What exclusive perks can you enjoy with your UOB Preferred Platinum Visa Card at airport lounges?
The UOB Preferred Platinum Visa Card offers exclusive access to over 80 airport lounges worldwide. You can enjoy complimentary access to the Plaza Premium Lounge in Singapore Changi Airport Terminal 1, 2, 3 and 4 and also the SATS Premier Lounge in Terminal 1 and 2. Additionally, you can also enjoy discounts on dining, spa treatments, and other services at selected airport lounges.
How does the UOB Preferred Platinum Visa Card enhance your shopping experience with its promotions?
The UOB Preferred Platinum Visa Card offers a range of shopping promotions throughout the year, including discounts, cashback, and rewards points. You can enjoy up to 10% off your purchases at selected merchants in Singapore, as well as earn up to 10 rewards points for every $5 spent on online shopping and entertainment. Furthermore, you can also earn UOB$ cashback on all purchases in-store at over 1,000 participating merchants across all categories islandwide.
Could you detail the rewards programme associated with the Visa Platinum card?
The rewards programme associated with the UOB Preferred Platinum Visa Card allows you to earn UNI$ rewards points for every dollar spent on your card. You can redeem these points for a range of rewards, including air miles, cashback, and gifts. Additionally, you can also enjoy exclusive discounts and privileges at selected merchants and restaurants in Singapore.
Is there a particular spending threshold to unlock the full benefits of the UOB Preferred Platinum Visa Card?
Yes, there is a minimum spending requirement to unlock the full benefits of the UOB Preferred Platinum Visa Card. You need to spend a minimum of $1,000 per month for three consecutive months from the date of card approval to receive $150 cash credits. Similarly, you need to spend a minimum of $700 per month for three consecutive months from the date of card approval to receive $100 cash credits.
What are the latest enticing offers for new UOB Preferred Platinum Visa cardholders?
The latest enticing offer for new UOB Preferred Platinum Visa cardholders is the welcome bonus of $150 cash credits. To be eligible for this offer, you need to apply for the card and spend a minimum of $1,500 within the first 30 days of card approval.
How do the travel benefits of the UOB Preferred Platinum Visa Card compare to other cards?
The UOB Preferred Platinum Visa Card offers a range of travel benefits, including travel insurance coverage of up to $500,000, complimentary travel accident insurance, and exclusive access to airport lounges worldwide. Compared to other cards, the UOB Preferred Platinum Visa Card offers competitive travel benefits and rewards, making it an excellent choice for frequent travellers.