UOB Preferred Platinum Visa Card Review: Earn 4 mpd on Mobile Payments, Online Shopping & Entertainment

Introducing the UOB Preferred Platinum Visa, a must-have card for miles enthusiasts seeking seamless rewards.

The UOB Preferred Platinum Visa offers an exceptional 4 mpd (miles per dollar) on mobile payments, online shopping, and entertainment, making it a top choice for earning rewards effortlessly. It’s the perfect solution for anyone tired of explaining which card to use for different transactions – just hand them this card or add it to their mobile wallet, and they’re all set!

The Good:

  • One of the easiest ways to earn 4 mpd across numerous categories
  • No minimum spend requirement

The Bad:

  • Earning blocks of S$5 and limited UOB$ merchant participation

Key Features of the UOB Preferred Platinum Visa:

  • Annual income requirement: S$30,000 p.a.
  • Annual fee: S$194.40 (waived for the first year)
  • Miles transfer partners: SIA, Cathay Pacific, Air Asia
  • Foreign currency fee: 3.25%
  • Mobile Contactless Earn Rate: 4 mpd (capped at S$1,110 per month)
  • Online Shopping & Entertainment Earn Rate: 4 mpd (capped at S$1,110 per month)

The UOB Preferred Platinum Visa is part of the “Preferred Platinum” series, with the other cards being Preferred Platinum AMEX (no longer available) and Preferred Platinum Mastercard (also discontinued). It’s important not to confuse these cards as they have different features.

Who Qualifies for the UOB Preferred Platinum Visa? The UOB Preferred Platinum Visa is designed for those with a minimum annual income of S$30,000. If you don’t meet this requirement, a secured version may be possible by placing a S$10,000 fixed deposit with UOB.

Earning Miles with UOB Preferred Platinum Visa: The card offers a base earn rate of 0.4 mpd for both local and foreign currency spending. However, it truly shines with its 4 mpd earn rate on mobile contactless payments, online shopping, and entertainment. The cap for this accelerated rate is S$1,110 per month, making it a highly versatile option for various transactions.

Note: Physical card tapping only earns 0.4 mpd, so use the mobile wallet instead.

UNI$ Crediting and Calculations: Both base and bonus UNI$ are credited when the transaction posts, usually within 1-3 working days. UNI$ are calculated by rounding down transactions to the nearest S$5 and then multiplying by the appropriate factor (1.0 for base points and 9.0 for bonus points).

Pooling and Transfer of UNI$: UNI$ pool across cards, enabling easy redemption. Transfers to frequent flyer programs occur at a 1:2 ratio, with a minimum transfer block of 5,000 UNI$. Each transfer incurs a fee of S$25 per program, and transfers usually complete within 48 hours.

Summary: The UOB Preferred Platinum Visa may not be promoted as a miles card, but it excels at providing an all-in-one solution for earning rewards with ease. With its 4 mpd rate on mobile contactless payments, online shopping, and entertainment, this card is a powerful addition to any rewards strategy. Plus, the ability to pool points makes it even more advantageous when paired with other UOB cards. If used wisely, this card could lead to over 53,000 miles per year, making it an attractive option for travel enthusiasts.

Don’t miss out on the UOB Preferred Platinum Visa – a true game-changer for earning miles effortlessly. Apply now and experience the convenience of earning 4 mpd almost everywhere you go!

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