If you’re looking for a credit card that offers great rewards and a host of exclusive benefits, the UOB Preferred Platinum Card might be just what you need. This card is designed for individuals who want to enjoy a range of perks and privileges, from earning rewards points to accessing exclusive dining and travel deals. In this article, we’ll take a closer look at the UOB Preferred Platinum Card and everything you need to know about it.
To start with, we’ll give you an essential overview of the UOB Preferred Platinum Card, including its eligibility requirements and how to apply for it. We’ll then delve into the key features and benefits of the card, such as the rewards programme, financial considerations, and additional perks and privileges. We’ll also provide tips on how to maximise the benefits of your UOB Preferred Platinum Card, as well as some strategies for comparing it with other credit cards on the market. Whether you’re a frequent traveller, a foodie, or just looking for a card that offers great rewards, the UOB Preferred Platinum Card has something to offer.
Key Takeaways
- The UOB Preferred Platinum Card is a credit card that offers a range of exclusive benefits and rewards.
- To apply for the card, you’ll need to meet certain eligibility requirements and go through a simple application process.
- The card comes with a variety of features and benefits, including a rewards programme, financial considerations, and additional perks and privileges.
Essential Overview of UOB Preferred Platinum Card
If you’re looking for a credit card that rewards you for your spending, the UOB Preferred Platinum Visa Card is an excellent choice. This credit card is offered by UOB, a well-known financial institution in Singapore.
With the UOB Preferred Platinum Visa Card, you can earn up to UNI$10 for every S$5 spent on mobile contactless, online shopping, and entertainment. This means you can accumulate rewards points quickly and redeem them for gifts, vouchers, air miles, or cashback.
To be eligible for the UOB Preferred Platinum Visa Card, you must have a minimum annual income of S$30,000. However, if you do not meet this requirement, you may still be able to get a secured version of the card by placing a S$10,000 fixed deposit with UOB. Contact your nearest UOB branch for more details.
One of the best features of the UOB Preferred Platinum Visa Card is its earn rate. You can earn 4 miles per dollar for online spending (excluding travel) and offline contactless payment. This is one of the highest earn rates for a credit card in Singapore.
In addition to the rewards program, the UOB Preferred Platinum Visa Card also offers a range of other benefits, such as complimentary travel insurance, dining privileges, and more. You can find out more about these benefits on the UOB website.
Overall, the UOB Preferred Platinum Visa Card is an excellent choice for anyone looking for a credit card that rewards them for their spending. With its high earn rate, generous rewards program, and other benefits, this credit card is a great option for anyone in Singapore looking to get more out of their spending.
Eligibility and Application
Criteria for Eligibility
To be eligible for the UOB Preferred Platinum Visa Card, you must meet the following criteria:
- You must be a Singaporean citizen or permanent resident, or a foreigner with a valid employment pass.
- You must be at least 21 years old.
- You must have a minimum annual income of SGD 30,000.
If you do not meet the minimum income requirement, you may still be eligible for a secured version of the card by placing a SGD 10,000 fixed deposit with UOB. Contact your nearest UOB branch for more details.
Application Process
You can apply for the UOB Preferred Platinum Visa Card online or in person at a UOB branch. The application process is simple and straightforward. Here are the steps to follow:
- Visit the UOB website or a UOB branch to apply for the card.
- Fill out the application form with your personal and financial details.
- Submit the required documents, including your NRIC or passport, income documents, and employment pass (if applicable).
- Wait for UOB to process your application. You will receive a notification once your application has been approved.
- Collect your card from a UOB branch or have it delivered to your preferred address.
Once you have received your UOB Preferred Platinum Visa Card, you can start using it to earn rewards and enjoy exclusive privileges. Remember to use your card responsibly and pay your bills on time to avoid any penalties or fees.
Overall, the UOB Preferred Platinum Visa Card is a great choice for anyone looking for a credit card with excellent rewards and benefits. With its low minimum income requirement and easy application process, it’s accessible to a wide range of customers.
Key Features and Benefits
If you’re looking for a credit card that rewards you for your spending and offers great benefits, the UOB Preferred Platinum Visa Card is an excellent choice. Here are some of the key features and benefits of the card:
Reward Points System
With the UOB Preferred Platinum Visa Card, you can earn rewards points for every dollar you spend. These points can be redeemed for a variety of rewards, including cashback, air miles, and gifts. You can earn up to 4 miles per dollar spent on online shopping and offline contactless payments, excluding travel. Plus, you can 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.
Contactless Payments Advantage
The UOB Preferred Platinum Visa Card makes it easy to pay for your purchases with contactless payment methods. You can earn up to UNI$10 per S$5 spend on online shopping and entertainment, and up to UNI$10 per S$5 spend via mobile contactless payment. This means you can earn rewards points quickly and easily, without having to carry cash or swipe your card.
Dining and Entertainment Perks
If you love dining out and going to the movies, the UOB Preferred Platinum Visa Card has some great perks for you. You can enjoy up to 10% off your dining bill at over 1,000 restaurants in Singapore, as well as discounts on movie tickets and other entertainment options. Plus, you can earn 4 miles per dollar spent on your hotel and airlines bookings (UNI$15 per S$5 spend).
Online Shopping Rewards
If you’re an avid online shopper, the UOB Preferred Platinum Visa Card has some great rewards for you. You can earn up to 4 miles per dollar spent on online shopping, making it easy to rack up rewards points quickly. Plus, you can enjoy exclusive discounts and promotions from some of Singapore’s leading online retailers.
Overall, the UOB Preferred Platinum Visa Card is an excellent choice for anyone looking for a credit card that offers great rewards and benefits. With its easy-to-use contactless payment methods, dining and entertainment perks, and online shopping rewards, it’s a card that can help you get the most out of your spending.
Understanding the Rewards Programme
If you are looking for a rewards card that lets you earn points quickly, the UOB Preferred Platinum Visa Card is a great option. Here’s everything you need to know about the rewards programme.
Earning Rewards Points
With the UOB Preferred Platinum Visa Card, you earn rewards points every time you use your card. The earn rate varies depending on the category of your spending. For example, you can earn up to 10% cashback on all purchases in-store at participating outlets through the UOB$ Rebate Programme.
UOB Rewards Catalogue
Once you have accumulated enough rewards points, you can redeem them for a wide range of rewards through the UOB Rewards Catalogue. The catalogue offers a variety of options, including gifts, vouchers, air miles, or cashback. You can choose the reward that suits you best.
Bonus Categories
To help you earn rewards points faster, the UOB Preferred Platinum Visa Card offers bonus categories. These categories change periodically, so it’s important to check the UOB website for the latest information. By making purchases in these categories, you can earn more rewards points than usual.
Maximising Your Rewards
To maximise your rewards, you should aim to use your UOB Preferred Platinum Visa Card for all your spending. Make sure to take advantage of the bonus categories, and keep an eye on the UOB Rewards Catalogue to see what rewards you can redeem. By doing this, you can earn rewards points quickly and easily.
Overall, the UOB Preferred Platinum Visa Card is an excellent choice if you are looking for a rewards card that offers a variety of rewards and bonuses. With the right strategy, you can maximise your rewards and get the most out of your card.
Financial Considerations
When considering the UOB Preferred Platinum Visa Card, it is important to take into account the various financial aspects of the card. Below are some key considerations to keep in mind:
Fees and Charges
The UOB Preferred Platinum Visa Card has a number of fees and charges that you should be aware of. These include an annual fee, late payment fee, and foreign currency transaction fee. The annual fee for the card is S$192.60, which is waived for the first year. The late payment fee is S$90, and the foreign currency transaction fee is 2.8% of the transaction amount.
Interest Rates
The UOB Preferred Platinum Visa Card has a variable interest rate of 26.9% per annum. It is important to pay off your balance in full each month to avoid accruing interest charges.
Annual Fee Details
As mentioned above, the annual fee for the UOB Preferred Platinum Visa Card is S$192.60, which is waived for the first year. However, if you spend S$10,000 or more in a year, the annual fee for the following year will be waived. Additionally, if you hold a UOB One Account with a minimum balance of S$30,000, the annual fee will also be waived.
In terms of cashback, the UOB Preferred Platinum Visa Card offers up to 10% cashback on online shopping, entertainment, and contactless payments. However, there are certain terms and conditions that apply, so be sure to read the fine print.
Overall, the UOB Preferred Platinum Visa Card offers a number of benefits and rewards, but it is important to carefully consider the fees and charges associated with the card before applying.
Using Your Card for Everyday Spend
The UOB Preferred Platinum Visa Card is an excellent card for earning rewards points on your everyday spend. Here are some tips on how to maximise your rewards points when using your card for everyday spend.
Groceries and Supermarket
When you use your UOB Preferred Platinum Visa Card at supermarkets, you can earn up to UNI$10 (or 20 miles) per S$5 spent. This means you can rack up rewards points quickly while doing your grocery shopping. Don’t forget to use your card when shopping online for groceries too, as you can earn the same rewards points.
Petrol and Transport
When you use your UOB Preferred Platinum Visa Card to pay for petrol or transport expenses, you can earn up to UNI$10 (or 20 miles) per S$5 spent. So, the next time you fill up your car or take public transport, make sure to use your card to earn rewards points.
If you frequently take public transport, you can also link your UOB Preferred Platinum Visa Card to your SimplyGo account. This will allow you to use your card to pay for your train and bus rides, and earn rewards points at the same time.
Utilities and Other Regular Payments
You can also earn rewards points when you use your UOB Preferred Platinum Visa Card to pay for your utilities and other regular payments. This includes bills such as your phone, internet, and cable TV bills. By using your card to pay for these bills, you can earn rewards points while paying your bills conveniently.
In conclusion, the UOB Preferred Platinum Visa Card is an excellent card for earning rewards points on your everyday spend. By using your card when shopping for groceries, paying for petrol and transport expenses, and paying your bills, you can earn rewards points quickly and easily.
Additional Perks and Privileges
As a UOB Preferred Platinum Visa Cardholder, you can enjoy a range of additional perks and privileges that are designed to enhance your lifestyle. These include:
Insurance Benefits
With your UOB Preferred Platinum Visa Card, you can enjoy complimentary travel insurance coverage of up to $500,000 when you charge your travel fares to your card. You can also enjoy free purchase protection insurance for up to 30 days on your purchases made with your card. This insurance covers loss or damage to your purchases due to theft, fire or accidents.
Exclusive Shopping Deals
As a UOB Preferred Platinum Visa Cardholder, you can enjoy exclusive shopping deals and discounts at a range of participating merchants. These include discounts on fashion, beauty, electronics, and more. You can also enjoy exclusive privileges when you shop online with your card, including free shipping and cashback rewards.
Lifestyle and Leisure Promotions
UOB Preferred Platinum Visa Cardholders can also enjoy a range of lifestyle and leisure promotions, such as discounts on dining, entertainment, and travel. You can also enjoy exclusive access to events and experiences, such as concerts, exhibitions, and sporting events. Additionally, you can receive complimentary gifts and vouchers when you spend a certain amount with your card.
Overall, the UOB Preferred Platinum Visa Card offers a range of benefits and privileges that can make your life more exciting and enjoyable. Whether you’re looking for insurance coverage, exclusive shopping deals, or lifestyle and leisure promotions, this card has something for everyone.
Terms and Conditions to Note
If you are considering applying for the UOB Preferred Platinum Visa Card, it is important to understand the terms and conditions that come with it. Here are some key points to keep in mind:
Reward Exclusions
While the UOB Preferred Platinum Visa Card offers a variety of rewards, there are some exclusions to keep in mind. For example, cash advances, balance transfers, and payments to charitable organizations are not eligible for rewards. Additionally, rewards are not earned on payments for insurance premiums, government-related transactions, and payments to financial institutions.
Capped Earnings
It is also important to note that there is a cap on the amount of rewards you can earn with the UOB Preferred Platinum Visa Card. This cap varies depending on the type of transaction. For example, there is a cap on the amount of rewards you can earn for dining and entertainment transactions, as well as a separate cap for online shopping transactions.
Payment Requirements
To maintain your eligibility for rewards, it is crucial to make timely payments on your UOB Preferred Platinum Visa Card. Late payments or missed payments can result in the forfeiture of rewards and the accumulation of interest charges. Additionally, there is a minimum spend requirement that must be met in order to earn rewards.
Overall, the UOB Preferred Platinum Visa Card offers many benefits, including rewards for everyday spending. However, it is important to understand the terms and conditions associated with the card to ensure that you can take full advantage of its benefits.
Comparing with Other Credit Cards
When it comes to choosing the right credit card, it can be overwhelming with so many options available in the market. However, if you are looking for a card that offers high rewards earn rates, then the UOB Preferred Platinum Visa Card is definitely worth considering. In this section, we will compare the UOB Preferred Platinum Visa Card with two other popular credit cards in Singapore: the Citi Rewards Card and the DBS Woman’s World Card.
UOB Preferred Platinum vs Citi Rewards
The Citi Rewards Card is known for its generous rewards program, offering 10X rewards points for every S$1 spent on shopping, dining, and entertainment. However, the UOB Preferred Platinum Visa Card offers a higher earn rate of 4 miles per dollar for online spending (excluding travel) and offline contactless payments. Additionally, the UOB Preferred Platinum Visa Card has no minimum spend requirement, whereas the Citi Rewards Card requires a minimum spend of S$3,000 per statement cycle to qualify for the 10X rewards points.
UOB Preferred Platinum vs DBS Woman’s World
The DBS Woman’s World Card is designed specifically for women, offering 4 miles per dollar spent on online shopping and 1.2 miles per dollar spent on other categories. While the UOB Preferred Platinum Visa Card also offers 4 miles per dollar spent on online shopping, it has a wider range of categories for earning rewards, including entertainment and contactless payments. Moreover, the UOB Preferred Platinum Visa Card has no minimum spend requirement, while the DBS Woman’s World Card requires a minimum spend of S$2,000 per statement cycle to qualify for the 4 miles per dollar earn rate.
Overall, the UOB Preferred Platinum Visa Card stands out as one of the best credit cards in Singapore for those who want to earn high rewards on their spending. While the Citi Rewards Card and the DBS Woman’s World Card have their own unique benefits, the UOB Preferred Platinum Visa Card offers a higher earn rate and a wider range of categories for earning rewards, making it a top choice for savvy shoppers.
Customer Support and Services
UOB Preferred Platinum Visa Card offers excellent customer support and services to its customers. You can contact UOB’s customer service team through various channels, including phone, email, and social media.
Contact Information
To reach UOB’s customer service team, you can call their hotline at +65 1800 222 2121. The hotline is available 24/7, and you can speak to a customer service representative who will assist you with any queries or concerns you may have. Alternatively, you can send an email to [email protected] or reach out to UOB on their social media platforms, such as Facebook and Twitter.
Online and Mobile Banking
UOB Preferred Platinum Visa Card also offers online and mobile banking services, making it easy for you to manage your account and make payments on the go. With UOB’s mobile app, you can view your account balance, check your transaction history, and make payments using your mobile phone. Additionally, the UOB mobile app allows you to make mobile contactless payments, which is a convenient and secure way to pay for your purchases.
In conclusion, UOB Preferred Platinum Visa Card provides excellent customer support and services to its customers. You can contact their customer service team through various channels, and their online and mobile banking services make it easy for you to manage your account and make payments on the go.
Strategies for Maximising Benefits
Are you looking to get the most out of your UOB Preferred Platinum Visa Card? Here are a few strategies to help you maximise your benefits.
Strategic Spend Planning
One of the best ways to maximise your rewards is to plan your spending. Take advantage of the earn rates for selected online transactions and bonus categories to help you earn more rewards points.
For instance, you can earn up to UNI$10 for every S$5 spent on selected online transactions. This means that you can earn more rewards points when you shop online for your favourite products or services.
Leveraging Bonus Categories
Another way to maximise your rewards is to leverage the bonus categories. With the UOB Preferred Platinum Visa Card, you can earn rewards points for every dollar you spend on online spending.
For example, you can earn 4 miles per dollar spent on mobile payments, online shopping, and entertainment. This means that you can earn more rewards points when you use your card to pay for your favourite movies, games, and other entertainment products or services.
To make the most of your bonus categories, consider using your UOB Preferred Platinum Visa Card for all your online transactions. This will help you earn more rewards points and get closer to your next reward redemption.
By following these strategies, you can maximise your rewards and get the most out of your UOB Preferred Platinum Visa Card.
Conclusion and Final Thoughts
Congratulations! You now know everything you need to know about the UOB Preferred Platinum Card. With its impressive rewards program and high savings potential, this card is an excellent choice for anyone looking to maximise their spending power.
By taking advantage of the card’s rewards program, you can earn rebates and other benefits on a wide range of financial products and services. Whether you’re looking to save money on your base rate or take advantage of exclusive deals and discounts, the UOB Preferred Platinum Card has you covered.
One of the standout features of this card is its support for digital wallets. By linking your card to your digital wallet of choice, you can enjoy even more convenience and flexibility when it comes to making payments and managing your finances.
And with flexible repayment options and a range of other benefits, the UOB Preferred Platinum Card is a great choice for anyone looking to take control of their finances and maximise their savings potential.
So why wait? Apply for your UOB Preferred Platinum Card today and start enjoying all the benefits and rewards that come with this exciting and innovative financial product!
Frequently Asked Questions
What are the standout features of the UOB Preferred Platinum card?
The UOB Preferred Platinum card is a fantastic option for those who want to earn rewards points quickly. With this card, you can earn up to UNI$10 per S$5 on mobile contactless transactions when you tap and pay securely and conveniently with your mobile wallet. Additionally, you can earn up to UNI$4 per dollar spent on dining, entertainment, and online shopping.
How does the UOB Preferred Platinum compare with the UOB Visa Signature card?
While both cards offer great rewards, the UOB Preferred Platinum card is better suited for those who want to earn rewards points on dining, entertainment, and online shopping. On the other hand, the UOB Visa Signature card is a better option for those who want to earn rewards points on travel and overseas spending.
Could you highlight the exclusive benefits that come with a Visa Platinum card?
Visa Platinum cards come with a range of exclusive benefits, including travel insurance, purchase protection, and extended warranty coverage. Additionally, Visa Platinum cardholders can enjoy exclusive discounts and offers at a range of merchants, both locally and overseas.
What’s the maximum credit limit one can enjoy with the UOB Preferred Platinum card?
The maximum credit limit for the UOB Preferred Platinum card varies depending on your income and credit history. However, UOB typically offers credit limits of up to four times your monthly income.
Are there any particular spending categories that are excluded from earning rewards with the UOB Preferred Platinum card?
Yes, there are some spending categories that are excluded from earning rewards with the UOB Preferred Platinum card. These include payments to educational institutions, government institutions, and financial institutions.
In what ways does the Visa Platinum card outshine the Visa Infinite card?
While both cards offer great rewards and benefits, the Visa Platinum card is typically more accessible, with lower annual fees and income requirements. Additionally, the Visa Platinum card is a better option for those who want to earn rewards points on everyday spending, while the Visa Infinite card is better suited for those who want to earn rewards points on travel and luxury purchases.
