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From 1 October 2025, the UOB Preferred Platinum Visa (PPV) will split its monthly bonus cap into two sub-caps: S$600 for mobile contactless and S$600 for selected online transactions (shopping, food delivery, supermarkets, entertainment). This replaces the current unified cap of S$1,110, which allowed all spend to be channelled into one category.
On paper, this looks like a slight enhancement. The total monthly cap rises from S$1,110 to S$1,200, allowing maximum earnings of 4,800 miles (vs. 4,440 previously). However, unless cardholders carefully split their spending, most will earn fewer miles. For example, someone who currently spends S$1,110 exclusively on mobile contactless will see earnings fall by 40%, since only S$600 will qualify for 4 mpd, with the remainder earning just 0.4 mpd.
The change also adds significant complexity. UOB does not track caps by category for customers, meaning users must manually separate and monitor online versus mobile contactless transactions. One workaround is using a supplementary card to assign each category separately, simplifying tracking. Another strategy is pre-purchasing S$600 worth of vouchers each month under the online category, leaving the rest for mobile contactless.
Separately, from 28 August 2025, the PPV will recognise SimplyGo transactions as contactless spend, awarding 4 mpd on bus and MRT rides when tapped with a mobile wallet (not the physical card). Fare accumulation rules mean riders will generally earn points despite most fares being under S$5.
Verdict: The PPV’s earning ceiling is technically higher, but the split cap is a net nerf for most users, especially those who relied solely on contactless payments. UOB gains by making optimisation harder, while cardholders face more hassle to avoid reduced returns.
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