Iโve been meaning to write an updated post on my valuation of a mile, but it seems like every time Iโm about to publish it, something new pops up. Whether itโs Citi launching Payall, SCB copying with EasyBill, UOB slashing the cost of miles on Visa Infinite cards, or CardUp reducing rental payment fees (with RentHero due to follow suit shortly), the cost of buying miles in Singapore keeps falling.
And itโs about to get even cheaperโฆ
UOB cuts PRVI Pay cost to 1.8% for selected PRVI Miles cardholders
UOB PRVI Miles cardholders have access to a facility called UOB PRVI Pay, which basically lets them buy as many miles as they want* for a small admin fee, no questions asked.
*(technically itโs still subject to your credit limit, but thereโs nothing stopping you from paying off your bill immediately and buying more)
Hereโs a reminder of how PRVI Pay works:
When PRVI Pay first launched in July 2017, miles cost 2 cents each. In March 2019, UOB increased the cost to 2.1 cents. But in recent days, selected PRVI Miles cardholders have been receiving mails from UOB inviting them to use PRVI Pay for just 1.8 cents per mile.

Thatโs a 15% discount off the usual price, and certainly worth considering if you have travel plans in the near future. If you were targeted, youโll need to submit your form by 31 July 2019. The full T&C of this promotion can be found here.
Remember that you technically earn UNI$, not miles, so you have the option to choose either KrisFlyer or Asia Miles.
How does this compare to other methods of buying miles?
It says something about the rate at which miles buying opportunities are proliferating in Singapore that this table gets longer all the time, but here goesโฆ
[table id=4 /]
Conclusion
If you have specific bills to make like rent or income tax, youโll want to consider options like:
- CardUpโs 1.99% income tax promotion
- CardUpโs 1.75/1.9% rental payment promotion
- RentHeroโs 1.9% rental payment offer (Iโve been told this will be cut to 1.85% shortly, stay tuned)
- Citi PayAll
- SC EasyBill
all of which let you buy miles below 1.8 cents. However, if donโt have access to these options, or simply want to buy more miles than your NOA/rental bill will allow, then this is as cheap as it gets for someone at the $30K income level.
UOB Reserve current Payment Facility promo is 1.7% AND it counts to $250,000 p.a. spend for 100,000 miles bonus..
Correct me if Iโm wrong, but this would work out to 0.85 cpm..? ๐ค
are you absolutely sure that it counts towards the $250k spend though? because iโve heard otherwise from other people.
โAbsolutelyโ? No.. but thatโs what RM said.. ๐
I am interested in this but was not targeted as I am a new cardholder for UOB PRVI (less than 1 month). I called the UOB hotline requesting to be eligible for this rate and the CSO informed me that I will receive a callback. Still waiting for the call. Anyone else had any luck in securing this promotion rate if you were not initially targeted?
Update โ UOB did callback and granted the 1.8% rate on โgoodwillโ basis. They have emailed me the form for the promotion. Lesson learnt โ It doesnโt hurt to ask ๐
Thanks for the update. Yes, it never hurts
Does 1.8% fr UOB seem like the best deal now? my citi payall is 2% and dbs altitude is also 2% right?