Credit Cards

UOB increases cost of PRVI Pay facility to 2.1 cents per mile

PRVI Pay still allows you to buy all the miles your credit limit allows... but it'll cost you more.

Since July 2017, UOB has been offering PRVI Miles cardholders a service called PRVI Pay. This allows cardholders to generate as many points as they want (subject to their credit limit, of course), which can be converted into KrisFlyer or Asia Miles. The effective cost per mile is 2 cents each.

Of course, it’s possible to buy miles at much lower rates than 2 cents in Singapore, but PRVI Pay has two key advantages:

  • Unlike buying miles through annual fees or tax payment facilities, PRVI Pay has no annual purchase quantity limit
  • There’s no need to submit any sort of documentation to UOB when applying for PRVI Pay. UOB doesn’t care if you’re paying a tax bill, a renovation invoice or a hostage ransom- so long as it’s within your credit limit

UOB increases the cost of PRVI Pay miles to 2.1 cents each

PRVI Pay has been around for about 18 months now, and it seems that UOB is adjusting the price of the facility. The PRVI Pay landing page has been update as follows:

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From 15 March 2019, PRVI Pay will charge an admin fee of 2.1% instead of 2.0%. PRVI Pay awards 1 mile per dollar, so this overall increases the cost of buying miles from 2 cents to 2.1 cents each.

Is PRVI Pay still worth using at 2.1 cents each? Well…

MethodIncome RequiredCPMAnnual Miles Limit
SCB Visa Infinite Tax Payment (Spend >$2K p.m)$150K1.14Tax bill
UOB Reserve/DBS Insignia with RentHeroInvitation1.17Rental amount
HSBC Visa Infinite Tax Payment (Spend >$50K p.a in prev year)$120K1.2Tax bill
CardUp 1.99% Promo Tax Payment with DBS Insignia/Citi Ultima/UOB ReserveInvitation1.22Tax bill
BOC Elite Miles World Mastercard with RentHero$30K1.24Rental amount
HSBC Premier MC Tax PaymentAUM: $200K1.25Tax bill
Citi PayAll with Citi UltimaInvitation1.25Bill amount
CardUp 1.99% Promo Tax Payment with BOC Elite Miles World Mastercard$30K1.30Tax bill
UOB PRVI Miles/SCB Visa Infinite (>$2K p.m)/UOB Visa Infinite Metal with RentHero$30-150K1.33Bill amount
HSBC Visa Infinite Welcome Gift- Premier customer$120K + AUM $200K1.3935K
CardUp 1.99% Promo Tax Payment with UOB PRVI Miles$30K1.39Tax bill
SC EasyBill with SCB Visa Infinite (Spend >$2K p.m)$150K1.43Bill amount
HSBC Visa Infinite Tax Payment (Spend <$50K p.a in prev year)$120K1.5Tax bill
Citi PayAll with Citi Prestige$120K1.54Bill amount
Citi PayAll with Citi PremierMiles AMEX$80K1.54Bill amount
DBS Altitude with RentHero$30K1.55Rental amount
SCB Visa Infinite Tax Payment (Spend <$2K p.m)$150K1.6Tax bill
CardUp 1.99% Promo Tax Payment with DBS Altitude/Citi PremierMiles Visa$30K1.63Tax bill
Citi PayAll with Citi PremierMiles Visa$30K1.67Bill amount
SCB Visa Infinite Welcome Gift$150K1.6835K
CardUp with BOC Elite Miles World Mastercard$30K1.69Bill amount
UOB Reserve VI Payment FacilityInvitation1.7 (until 31 July 19)Unlimited
UOB Metal VI Payment Facility$150K1.7 (until 31 July 19)Unlimited
HSBC Visa Plat/Revolution Tax Payment$30K1.75Tax bill
Citibank PremierMiles AMEX Annual Fee$80K1.7815K
UOB PRVI Pay Facility$30K1.8 (until 31 July 19)Unlimited
Cardup with UOB PRVI$30K1.81Bill amount
HSBC Visa Infinite Welcome Gift- Regular Customer$120K1.8635K
OCBC VOYAGE Tax Payment$120K1.9Tax bill
Citibank PremierMiles Visa Annual Fee$30K1.9310K
DBS Altitude AMEX/Visa Annual Fee$30K1.9310K
KrisFlyer UOB Credit Card Annual Fee$30K1.9310K
OCBC VOYAGE Payment Facility$120K1.9 or 1.95Unlimited
SC EasyBill with SCB Visa Infinite (Spend <$2K p.m)$150K2.0Bill amount
Cardup with DBS Altitude/Citibank PM Visa$30K2.11Bill amount
OCBC VOYAGE Annual Fee- Option 2$120K2.14150K
Citi Prestige Annual Fee$120K2.1425K
DBS Altitude Tax Payment$30K2.5Tax bill
OCBC VOYAGE Annual Fee- Option 1$120K3.2515K

I’ll refer you back to what I said previously: if you’ve exhausted your other, cheaper avenues for buying miles, then this is your fallback option. When it comes to paying bona fide rental or other sorts of expenses, however, my first option would still be Citi’s newly-expanded PayAll service. Although Citi PayAll charges a 2% admin fee, you earn miles at the base rate of your card, meaning a cardholder with the Citi PremierMiles Visa would be paying 2/1.2= 1.67 cents per mile.

Other points to note

When you use PRVI Pay, you’re buying points in the form of UNI$, not miles per se. Why does that matter, when UNI$ can be converted to miles anyway?

It matters because UNI$ can be converted into miles only in blocks of UNI$5,000 (10,000 miles). Therefore, it’s only feasible to use PRVI Pay as a top-up mechanism if your existing UNI$ balance is approaching a full block. Otherwise, you may need to purchase more than you actually need.

UOB has also removed the installment option for PRVI Pay, but that isn’t a big loss anyway since back in  May 2018 UOB increased the fee for installments from 2.0% to 2.2%.

Conclusion

In addition to PRVI Pay, UOB also offers a simliar payment facility for Visa Infinite cardholders. The admin fee for this service is 1.9%, and given the PRVI Pay’s increase I do wonder if this will be similarly affected.

Update 18/2: UOB has indeed increased the admin fee for the Visa Infinite Payment Facility from 1.9% to 2% and removed the installment option
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PRVI Pay’s relatively high price means it should not be your first port of call when you need miles. Be sure to review your other options carefully before using it.


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John Doe

HI Aaron,

Able to add calculations for IPAYMY on citi rewards?

Thank you.

Cheers!