If you’re looking for a credit card that rewards you for your spending, the UOB Preferred Platinum Visa Card could be the perfect choice for you. This card offers high rewards earn rates in specific categories, making it an optimal choice for consumers looking to maximize their spending benefits. With a focus on online shopping, entertainment, and mobile contactless spend, this card is perfect for those who want to earn rewards while enjoying their favourite activities.
One of the key features of the UOB Preferred Platinum Visa Card is its emphasis on high rewards earn rates. The card offers up to 10X UNI$ on online shopping, entertainment, and mobile contactless spend, making it an excellent option for those who spend a lot in these categories. Additionally, the card offers 1X UNI$ on all other spend, ensuring that you’re always earning rewards no matter where you shop.
Another great feature of the UOB Preferred Platinum Visa Card is its instant cashback program. With the UOB$ Programme, you can earn cashback on your spending at over 1,000 participating merchants in Singapore. This makes it easy to earn rewards on your everyday purchases, and the cashback can be used to offset your credit card bill or redeemed for other rewards.
Key Takeaways
- The UOB Preferred Platinum Visa Card offers high rewards earn rates in specific categories, making it an optimal choice for those who want to maximize their spending benefits.
- The card offers up to 10X UNI$ on online shopping, entertainment, and mobile contactless spend, as well as 1X UNI$ on all other spend.
- With the UOB$ Programme, you can earn cashback on your spending at over 1,000 participating merchants in Singapore.
Key Features of UOB Preferred Platinum Visa Card
If you’re looking for a credit card that rewards you for your everyday spending, the UOB Preferred Platinum Visa Card could be the perfect choice for you. Here are the key features of this card that make it stand out from the rest:
Rewards and Uni$ Earning
With the UOB Preferred Platinum Visa Card, you can earn up to UNI$10 per S$5 spend on Selected Online Transactions (whether made locally or overseas) such as shopping for apparel, bags, shoes, accessories, electronics, ordering for groceries, dining or food delivery and even spending at drugstores or on entertainment and ticketing. You can then redeem your UNI$ for rewards such as gifts, vouchers, air miles, or cashback through the UOB rewards catalogue.
Contactless and Online Shopping Perks
The UOB Preferred Platinum Visa Card also offers great perks for contactless transactions and online shopping. You can earn 4 miles per dollar (MPD) for mobile contactless transactions and online shopping, excluding travel. Plus, you can enjoy bonus rewards for Grab mobile wallet top-ups and SimplyGo transactions made with your card.
Dining and Entertainment Benefits
If you’re a foodie or love entertainment, the UOB Preferred Platinum Visa Card has got you covered. You can earn up to UNI$10 per S$5 spend on dining and entertainment transactions made with your card. Plus, you can enjoy cashback on all purchases in-store at over 1,000 participating merchants (across all categories islandwide) and use it to offset your next purchase.
Overall, the UOB Preferred Platinum Visa Card is an excellent choice for those looking for a credit card that rewards them for their everyday spending. With its great rewards, cashback, and perks for contactless transactions, online shopping, dining, and entertainment, this card is a must-have for anyone looking to get the most out of their spending.
Fees and Charges
If you’re considering the UOB Preferred Platinum Visa Card, it’s important to understand the fees and charges associated with it. Here’s a breakdown of the costs you can expect:
Annual Fee and Waivers
The UOB Preferred Platinum Visa Card has an annual fee of £100. However, the first year’s fee is waived, making it a great option for new cardholders. Additionally, the fee for the first supplementary card is also waived. This means that if you’re looking to add a family member or friend to your account, you won’t have to pay any extra fees.
Foreign Transaction and Other Fees
If you plan on using your UOB Preferred Platinum Visa Card for international purchases, you should be aware of the foreign currency transaction fee. This fee is 2.8% of the transaction amount and is charged in addition to the purchase price. However, there are some exceptions to this fee. For example, if you make a purchase in Singapore dollars while overseas, you won’t be charged the foreign currency transaction fee.
In addition to the foreign currency transaction fee, there are a few other charges you should be aware of. For example, if you request a replacement card, you’ll be charged £20. If you make a late payment or exceed your credit limit, you’ll be charged a fee of £25. Finally, if you use your card for a cash advance, you’ll be charged a fee of 5% of the transaction amount or £15, whichever is greater.
It’s important to read the full terms and conditions of the UOB Preferred Platinum Visa Card before applying so that you understand all of the fees and charges associated with it. Overall, however, the UOB Preferred Platinum Visa Card is a great option for those looking for a rewards credit card with a waived annual fee for the first year.
Exclusions and Limitations
Capped Rewards and Exclusions
While the UOB Preferred Platinum Visa Card offers attractive rewards, there are some exclusions and limitations that you should be aware of. Firstly, rewards are capped at a maximum of $1,200 per calendar year. This means that any spend beyond this limit will not earn you any additional rewards.
Furthermore, some categories of spending are excluded from earning rewards. These include payments to non-financial institutions, quasi-cash transactions, and payments made through iPayMy, RWS-Levy, Smoove Pay, SingPost – SAM, and Razer Pay. Additionally, insurance payments, wire transfers, payments to hospitals, and payments for utilities are not eligible for rewards.
Payments and Transactions Not Eligible
It is important to note that some transactions and payments are not eligible for rewards, regardless of the category they fall under. These include balance transfers, cash advances, Grab transactions, and payments made through AXS and SAM machines.
Furthermore, transactions that are not properly identified with transaction descriptions may not be eligible for rewards. This means that if a transaction is not clearly identified as a qualifying transaction, it may not be awarded Uni$.
In conclusion, while the UOB Preferred Platinum Visa Card offers attractive rewards, it is important to be aware of the exclusions and limitations. By understanding these limitations, you can make the most of your card and earn rewards for the qualifying transactions.
Additional Card Benefits
As a UOB Preferred Platinum Visa Cardholder, you’ll enjoy a range of additional benefits beyond the rewards program. These benefits include insurance coverage, lifestyle perks, and digital wallet services.
Insurance and Travel Perks
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