UOB Revises Benefits Of Its UOB Preferred Platinum Credit Card
Author Avatar

UOB has announced a revision to the benefits of its UOB Preferred Platinum credit card, allowing cardholders to soon earn up to 5x UNIRinggit rewards points for selected transactions, including entertainment, dining, grocery, and petrol. This is slated to take effect starting from 1 May 2022.

Specifically, the new reward points earning structure for the UOB Preferred Platinum card will enable you to gain 5x UNIRinggit rewards points for every RM1 that you spend on entertainment, grocery, and dining (including drinking places). This is capped at RM1,000 under each category; every subsequent RM1 spent beyond the cap will not earn you any further UNIRinggit points.

Aside from that, you will also be able to earn 3x UniRinggit points for every RM1 spent on petrol expenses and recurring transactions. This earning rate is limited to RM500 for petrol expenses, whereas no capping applies for recurring transactions. Note that the benefit for recurring transactions only apply to expenses spent on telecommunications equipment and services, monthly telephone charges, and membership clubs (sports, recreation, and athlete clubs). It excludes payments made for insurance, utilities, and government services.

Additionally, you’ll continue to be able to earn 1x UNIRinggit points for every RM1 spent on any other expenses.

The revision is somewhat of an improvement from the existing earning structure of the UOB Preferred Platinum card, which currently lets you earn 3x UNIRinggit points for every RM1 spent on dining, overseas spend, and recurring payments. This is in addition to being able to earn 1 UNIRinggit points for what you spend on other expenses.

Here’s a table to better summarise the changes that will take effect starting from 1 May:

ExpensesBefore 1 May 20221 May 2022 onwards
Overseas spend3x UNIRinggit for every RM1 spentN/A
Dining3x UNIRinggit for every RM1 spent5x UNIRinggit points for every RM1 spent (capped at RM1,000; now includes drinking places as well)
EntertainmentN/A5x UNIRinggit points for every RM1 spent (capped at RM1,000)
GroceryN/A5x UNIRinggit points for every RM1 spent (capped at RM1,000)
PetrolN/A3x UNIRinggit for every RM1 spent (capped at RM500)
Recurring transactions3x UNIRinggit for every RM1 spent3x UNIRinggit for every RM1 spent (no cap)
Other spend1x UNIRinggit for every RM1 spent1x UNIRinggit for every RM1 spent (no cap)

So as you can see, the revision to the rewards points earning structure of the UOB Preferred Platinum card has made it a more rewarding card to use on a daily basis, catering to necessary day-to-day needs. This is in comparison to its previous position as a more exclusive card meant for those who travel often.

Aside from these adjustments, the other features of the UOB Preferred Platinum will remain unchanged. Its minimum annual income requirement is still set at RM40,000, and cardholders will still need to pay an annual fee of RM198 for the principal card, and RM30 for supplementary cards.

(Source: UOB)

5 1 vote
Article Rating

SHARE

Comments (0)

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments
Top Credit Card News Articles
Post Image
Things You Didn’t Know Can Help Reduce Your Credit Card Payment
Desiree Nair
- 14th March 2017
We’ve got a few ideas up our sleeves to help you bring down that bill and possibly even make future payments much more affordable!
Post Image
Affin Bank Renews Rebate Campaign For BHPetrol Touch & Fuel Mastercard
Jacie Tan
- 3rd December 2019
Affin Bank BHPetrol Touch & Fuel Mastercard cardholders can enjoy up to 10% petrol rebate on weekends.
Post Image
HSBC Amanah MPower Platinum Credit Card-i Relaunch: New Cashback For E-Wallet Reloads & More
Pang Tun Yau
- 17th September 2019
HSBC is announcing another "relaunch" – this time, for the HSBC Amanah MPower Platinum Credit Card-i.
Post Image
Malaysia Airlines Introduces “Fly Now, Pay Later” 0% Instalment With Maybank & Public Bank Credit Cards
Christine Tay
- 10th September 2019
As part of its MATTA Fair promotion, Malaysia Airlines is offering Maybank and Public Bank credit card holders to fly now, and pay later with 0% interest.

Related articles

Related Posts Image
Related Posts Image
Related Posts Image
Related Posts Image