If youโre one of the lucky few people who has a UOB Preferred Platinum Visa (theyโve officially stopped taking applications but you can still apply through the SMS methodโฆcould this be the new PPA?), you might be interested in knowing that contrary to popular belief, there isnโt any transaction size restriction apart from your credit limit.
When Paywave was first launched in Singapore, there was a transaction limit of S$100. However, in May 2016 UOB issued a press release saying that the S$100 limit would be fully removed from all terminals by โthe end of next yearโ. In other words, if all has gone according to plan then by December this year there wonโt be any more restrictions. In fact, based on the rate of progress it should now be the exception rather than the rule that you find a terminal that still has the old restriction.
Iโm going to fess up and say I was totally clueless about this development, discovering it by accident when I tapped a $130 payment successfully at a Wine Connection store a few days back. Similarly, at a physiotherapy session (rugged man that I am) today I was able to pay the $140 fees with Paywave.
Remember that the UOB PPV earns 10X points (4 mpd) on Paywave transactions (unless the merchant also issues SMART$, in which case youโll earn SMART$ and nothing else) subject to a cap of $1,000 each month. The cap is a pity, because Paywave has become so ubiquitous that the PPV could even become a general spending card.
Oh good. That means I no longer need to see the cashierโs eyes roll when I ask them to break up my $x00 dollar shopping into x number of receipts / transactions under $100 eachโฆ ๐
ok good i was worried iโd be the only one to who this was news.
Yeah I bought my Apple Watch + Apple Care for $600+ using this PPV Paywave too.
This makes the homework for using the card more and more important. Imagine anguish when you find out the LED TV you bought at $1,000 end up giving you SMART$. Not so SMART after allโฆ
Wow, Wine Connection, the connoisseur that you are. ๐
I was buying 130 worth of corkscrews to kill people with. Yknow, the type who leave wise ass comments
I advise crafting your own hooch in the bathtub or toiler for a better and cheaper product.
you obviously have no experience with moonshine. everyone knows moonshine is best crafted in stills. under a full moon. after youโve married your cousin.
Hey guys, a couple of points that I noted: 1. I believe the new limit for paywave transactions is $200 (NTUC cashier told me and I tried successfully). 2. Prior to that, I believe you could still use paywave if the balance was more than $100 โ although in some circumstances, the cashier would require you to sign the credit card slip โ no different to magnetic strip/chip transactions. Note that 1(a)(ix) of the terms and conditions of the UOB PPV states that paywave transactions EXCLUDE instances where you need to sign the credit card slip. So, not all paywaveโฆ Read more ยป
Iโve paywaved $1k and above at ntuc and gotten the points. Had to sign on the terminal.
Imagine paywaving for an amount more than $100 not knowing itโs an old terminal! Can someone confirm whether they got bonus points on transactions more than $100 made without signing?
if itโs an old terminal the transaction will simply be declined.
If you max out the $1000 cap for PPV, can consider UOB Signature Visa. Thereโs x10UNI$ for Paywave too. Condition is minimum spend of S$1000 and cap of UNIX$4000per statement period.
I just tried applying for it through internet banking. Will update on success!
Is this the SMS method? Doesnโt work. Gets a reply saying invalid keyword. โSMS Yespp 7890 S1234567Hโ
Just received this:
UOB is pleased to inform that your Preferred Platinum Visa application(s) is/are successful. Call 1800 2222 121 for other queries.
Presumably this should also apply to UOB Visa Signature (provided the minimum monthly 1k spend threshold is met)?
aye. same rules.
Thatโs great! (was still tapping 20 x $100 last Sat before this article came out, the cashier must have hate me haha)
I thought that press release applied to UOBโs own terminals. But anyway, tapped away on $200 of NTUC gift vouchers last week ๐
Does this mean any amount which you paywave will now earn 4 miles per dollar up to the $1000 cap as Long as non smart$ merchant?
Or will simply being required to sign the slip void the 4 miles per dollar bonus?
My biggest paywave amount of $2.3k got me the 4mpd, so not sure how to answer your question on the cap.
Got some blank stares from the cashier but shruggg.
Key word people: Contactless
There is a cap of $1000 per monthโฆ ur 2.3k txn was before the new t&c?โฆ
Yeah UOB PPV T&C
โThe total UNI$ awarded to each Cardmember from qualifying spend on Selected Online Transactions and Contactless Transactions is capped at UNI$2,000 for each calendar month. After which, 1X UNI$ will be awarded for every S$5 spend.
I. E. Paywave transactions and online transactions amounting to 1k a month eligible for 4mpd. After thatโฆ 0. 4mpd.
Unless of course thereโs a coding bug on UOB side which allows unlimited 4mpd ?
Contactless* not paywave lel. Typo
Didnโt notice the revised condition that caps the spend to $1k per month. The actual UOB PPV T&C pdf document still says the cap is โUNI$24,000 for each calendar yearโ.
A little dodgy there UOB.
the new T&C have been uploaded- see 3(b) here: http://uob.com.sg/assets/pdfs/terms-and-conditions-for-preferred-plat-visa.pdf
Aarron, thatโs really odd. I just went to the UOB website (http://www.uob.com.sg/personal/cards/credit-cards/rewards-cards/uob-preferred-platinum-visa-card.page?ms=pweb-cards-home) and clicked on the โterms and conditionsโ link (http://www.uob.com.sg/web-resources/personal/pdf/personal/cards/credit-cards/rewards-cards/uob-preferred-platinum-visa-card/terms-and-conditions-for-preferred-plat-visa.pdf) and it still brings up the pdf that says UNI$24k per year.
Yeah that was before July. Now I donโt cross 1k haha.
Mine was 5k at one of the mega electronics store.
โ However, in May 2016 UOB issued a press release saying that the S$100 limit would be fully removed from all terminals by โthe end of next yearโ. โ Itโs almost end of the year, however, there are still restriction from certain terminals to S$100. My data point or rather my previous shopping experience showed : 1. UNIQLO (@ 313) on 10 Nov โ17, $290 โ surprisingly, a big brand such as Uniqlo still have this limitation. 2. Bookstore at primary school on 11 Nov โ17, $212. I can still understand that a smaller stores have not updated their paywaveโฆ Read more ยป
What kind of security measures in place for people who use stolen cards to pay for purchases? Thereโs no personal PIN number or signature to verify the rightful owner of the card!!