UOB Krisflyer Card
HomeTravel Tips & GuidesTravel Credit CardsUOB KrisFlyer Card Review (2024)

UOB KrisFlyer Card Review (2024)

The UOB KrisFlyer Card presents an enticing proposition for individuals seeking to accumulate miles for travel rewards. With a focus on everyday spending categories, this card offers a competitive bonus rate of 3 miles per dollar (mpd) on items typically included in an average person’s expenditure. However, prospective cardholders must carefully assess the commitment required and the timing of bonus miles accrual.

UOB Krisflyer Card

Pros:

  1. Renewal Bonus: Cardholders enjoy an annual renewal bonus of 10,000 miles, enhancing the long-term value proposition of the card.
  2. Competitive Bonus Rates: Up to 3 mpd is awarded for eligible transactions across various categories, including dining, food delivery, online shopping, travel, and transport, offering significant mileage accumulation potential.
  3. Exclusive Scoot Privileges: Cardholders benefit from exclusive privileges with Scoot, including priority check-in, additional baggage allowance, and other perks, enhancing the travel experience.
  4. Merchant Discounts: Enjoy discounts at specific merchants, enhancing the overall value proposition and savings potential.

Cons:

  1. No Spending-based Annual Fee Waivers: Unlike some competitors, the UOB KrisFlyer Card does not offer annual fee waivers based on spending patterns, potentially impacting the card’s attractiveness for certain users.
  2. Delayed Bonus Miles Crediting: Bonus miles may take between 2 to 14 months to be credited to the cardholder’s account, requiring patience and diligent tracking.
  3. Complex Miles Tracking: The accrual of base and bonus miles at different intervals can be challenging to track and reconcile, potentially causing confusion for cardholders.
  4. Minimum Annual Spend Requirement for Bonus Rate: To qualify for the 3 mpd bonus rate on everyday spending, cardholders must spend a minimum of S$500 annually with KrisShop and Singapore Airlines (SIA), adding a layer of commitment for optimal rewards.

Current Promotion:

New applicants can benefit from a promotional offer, including up to 31,000 miles and a first-year annual fee waiver with a minimum spend of S$2,000 within the first 60 days upon card approval. Additionally, cardholders have the opportunity to participate in prize draws for bonus cash rewards.

In-Depth Analysis:

In assessing the UOB KrisFlyer Credit Card, we’ll delve into several key aspects:

  • Eligibility
  • Annual fees and charges
  • Miles-per-dollar, discounts, and other perks
  • Comparison with other travel-focused cards
  • Target cardholder profile

Eligibility Requirements:

The card is open to individuals aged 21 and above, with a minimum annual income of S$30,000 for Singapore Citizens and Permanent Residents, and S$40,000 for foreigners with a valid visa. Alternatively, applicants may utilize a Fixed Deposit of at least S$10,000 as collateral if income requirements are not met.

Fees and Charges:

The principal card incurs an annual fee of S$194.40, inclusive of GST, which is waived for the first year. Supplementary cards are subject to a fee of S$97.20 for subsequent cards. Standard credit card charges such as late payment fees, cash advance fees, and foreign currency transaction fees apply.

Miles, Discounts, and Other Perks:

Cardholders earn 3 miles for every S$1 spent on dining, food delivery, online shopping, travel, and transport, provided they meet the minimum annual spend requirement with KrisShop and SIA. Additional benefits include a renewal bonus of 10,000 miles, 4.5 mpd on spending at KrisShop, exclusive Scoot privileges, and discounts at select merchants.

Minimum Spend Requirement for 3 Miles Per Dollar:

To qualify for the 3 mpd bonus rate on everyday spending, cardholders must spend a minimum of S$500 annually with KrisShop and SIA. This requirement ensures eligibility for the enhanced rewards structure and encourages engagement with partner merchants.

Miles Crediting System:

Base miles and bonus miles from qualifying transactions are credited at different intervals, with base miles credited monthly and bonus miles credited two months after the end of the membership year. Cardholders must be mindful of these timelines when tracking their miles accumulation.

Comparison with Competitors:

In comparison with other KrisFlyer co-branded cards and miles-focused offerings, the UOB KrisFlyer Card stands out for its competitive bonus rates and renewal bonus structure. While alternative cards may offer higher bonus rates for specific spending categories, the UOB KrisFlyer Card presents a compelling option for budget-conscious individuals seeking to accrue miles for travel rewards.

Target Cardholder Profile:

The UOB KrisFlyer Card is ideally suited for:

  • Individuals seeking to accumulate miles for occasional travel via Singapore Airlines and Scoot, particularly loyal passengers looking to leverage exclusive privileges and expedited KrisFlyer membership.
  • Budget-conscious consumers who prioritize everyday spending categories such as dining, food delivery, and online shopping, benefiting from the card’s competitive bonus rates and merchant discounts.
  • Users willing to commit to the minimum annual spend requirement with KrisShop and SIA to unlock the 3 mpd bonus rate, maximizing rewards potential and enhancing the overall value proposition of the card.

In conclusion, the UOB KrisFlyer Credit Card presents an attractive opportunity for individuals seeking to optimize their spending and accumulate miles for travel rewards. While certain limitations such as delayed bonus miles crediting and minimum spend requirements exist, the card’s competitive bonus rates, renewal bonus structure, and exclusive privileges make it a compelling choice for savvy consumers looking to maximize their rewards potential.

Remember also to check out 2024 Best Miles Cards in Singapore

Frequently Asked Questions

How long does it take for bonus miles to be credited to my account?

Bonus miles may take between 2 to 14 months to be credited, depending on various factors such as transaction processing and statement cycles.

Can I request a waiver for the annual fee after the first year?

Yes, cardholders may request a waiver for the annual fee after the first year, but this will result in forfeiture of the renewal bonus of 10,000 KrisFlyer miles.

What happens if I do not meet the minimum spend requirement for bonus miles?

If the minimum spend requirement of S$500 annually with KrisShop and SIA is not met, cardholders will earn the base rate of 1.2 mpd on eligible transactions.

Are there any restrictions on redeeming miles for flights?

Redemption of miles for flights is subject to availability and terms and conditions set by Singapore Airlines and its partner airlines. Cardholders are advised to check redemption options and blackout dates before making travel plans.

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