Building a well-designed portfolio by managing financial products can feel overwhelming sometimes. Many Singaporean professionals find handling credit cards, savings accounts, and investments challenging. This often leaves them needing help figuring out where to start. That’s where the UOB PRVI Miles Card comes in—it offers strong benefits. It can be valuable to your financial toolkit, particularly for those who travel frequently.
This review will examine the UOB PRVI Miles Card. We will explore its features, sign-up bonuses, and drawbacks. Some clear insights will help you determine whether this card fits your financial strategy. You can make informed decisions, build your financial portfolio, or refine your existing one.
UOB PRVI Miles Card?
The United Overseas Bank (UOB) offers a premium credit card, the UOB PRVI Miles Card. People who love to travel alot prefer to use ethos cards. They can maximize their rewards for overseas spending.
6 Features of the UOB PRVI Miles Card
The UOB PRVI Miles Card is perfect for both travelers and everyday users. You can enjoy attractive benefits with its unique features. The UOB cards suit various lifestyles depending on the requirements. You can make the most of your spending while explovring the world or enjoying delicious food at your favorite restaurant.
You can earn miles on local and international transactions with the UOB PRVI Miles Card. It adds extra value to your daily purchase and enables an unforgettable travel experience. Let’s explore the benefits that make this card a valuable addition to your wallet.
- Generous Miles Earning Rate:
Cardholders can accumulate miles for their travel rewards quickly. They can earn up to
3 miles for every S$1 spent overseas
1.4 miles for every S$1 spent locally
- Enhanced Rewards on Travel Spending:
It offers an impressive earning rate of up to 6.6 miles for every S$1 spent on hotel and airline booking. This card is a go-to choice for travelers looking to maximize their rewards.
- Interest Rates (EIR):
The card provides up to 3% EIR on the first S$75,000 and up to 4% on the first S$150,000. Cardholders manage their balances and savings easily.
- Ideal for Everyday Spending:
The card is particularly suitable for individuals who primarily focus on spending rather than investing or purchasing insurance from a bank. It is a practical choice for those earning rewards on regular purchases.
- Versatile Usage:
Cardholders can add extra value to their purchases. They can enjoy benefits while shopping, dining, or travelling.
- No Annual Fee in the First Year:
New customers can Enjoy the added benefit of no annual fee during the first year. They can experience the card’s perks without upfront costs.
Is the UOB PRVI Miles Card Right for You?
With the attractive benefits, one must consider its limitations. Understanding the eligibility requirements, fees, and potential drawbacks can help determine if this card fits your financial needs and lifestyle well. Monitor the following 6 limitations before applying for the UOB PRVI Miles Card.
1. Age Limit:
Applicants must be at least 21 years old. It limits access for younger individuals who want to benefit from the card.
2. Minimum Income:
The minimum annual income requirement is S$30,000 for Singapore citizens and permanent residents. For foreigners, it is S$40,000. This can restrict access for those with lower incomes.
3. Collateral Requirement:
Foreign applicants who do not meet the income threshold must provide a fixed deposit collateral of at least S$10,000. This may be a financial burden for some potential users, making it less accessible.
4. Annual Fees:
The card has a principal fee of S$261.60 annually after the first year, which may deter users looking for a no-cost option. Additionally, the supplementary card incurs a cost of S$130.80 in subsequent years, making it costly for those who want additional cards.
5. Limited Waivers:
While the first year’s card fee is waived, users must be aware that ongoing costs will apply, which may not be sustainable for everyone.
6. Documentation Requirements:
The need for specific documents to apply can add to the complexity of obtaining the card. This bothers the individuals who may not have all the necessary paperwork readily available.
Join the UOB PRVI Miles Card Family and Enjoy 20,000 PRVI Miles for Free!
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