Back in November 2018, UOB signed a partnership with Grab where they announced that there will be enhanced benefits for UOB cardholders in the future.
At first, the promotions that were launched were targeted at UOB’s cashback suite of cards (i.e UOB One, UOB YOLO and UOB Debit) and the UOB PRVI Miles card didn’t receive any love.
From now until 31 July 2019, all UOB PRVI Miles credit card members will earn 3 miles per S$1 spent on all Grab transactions. This applies to all UOB PRVI Miles credit card variants.
Earn 3 mpd on Grab transactions, capped at S$200 monthly
In this new enhancement from UOB (Citi please), all UOB PRVI Miles cardholders will be able to earn 3 miles per dollar spent on all Grab transactions.
UOB awards points per every S$5 block and you will be earning UNI$7.5 per S$5 spent on Grab transactions. This is how the miles will be awarded:
a) local spend for every S$5 spent: prevailing earn rate of UNI$3.5 and promotion earn rate of UNI$4; or
b) overseas spend for every S$5 spent: prevailing earn rate of UNI$6 and promotion earn rate of UNI$1.5
In the terms and conditions, it is mentioned that the total promotional earn rate is capped at UNI$160, which translates to a cap of S$200 on Grab spending that will net you 3 mpd. Note that if your Grab fares are charged in a foreign currency, you will still only earn 3 mpd on the Grab transactions.
Before you ask in the comments section, spending on supplementary cards counts towards the same S$200 cap per principal card account. If for some reason you hold onto the UOB PRVI Miles Visa, Mastercard, and AMEX variants concurrently, these are subject to their own individual S$200 caps.
If you do not hold a UOB PRVI Miles credit card, you can get S$50 cash when you sign-up for it in this month’s SingSaver offers.
What other options do I have to spend on Grab?
Before UOB came up with this promotion, the next best official alternative was the American Express KrisFlyer co-brand cards which saw cardholders earning up to 3.3 mpd on Grab transactions capped at S$200 per calendar month as well.
It’s worth noting that the Citi Rewards credit cards continue to earn 4 mpd for Grab transactions, but the DBS Woman’s World Mastercard can be hit and miss.
In the latest revision to the BOC Elite Miles World Mastercard terms and conditions, they have also excluded GrabPay top-ups from earning any reward points.
Being able to earn 3 mpd on Grab transactions with the UOB PRVI Miles credit card is a good enhancement in my opinion. Even though this seems to be a limited time promotion from UOB, we can always hope that it gets extended come end July 2019.
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