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UOB PRVI Pay cuts fee to 2% until 30 September 2019

Use your UOB PRVI Miles card to purchase as many miles as you want (subject to your credit limit) for 2 cents each until 30 Sept 2019.

UOB PRVI Pay is a โ€œno questions askedโ€ miles buying facility that lets UOB PRVI Miles customers purchase as many miles as they want (up to their credit limit) for 2.1 cents each.

Hereโ€™s a brief reminder of how PRVI Pay works:

Back in June, UOB cut the cost of the PRVI Pay facility to 1.8 cents, a promotion that ran until 31 July 2019. Itโ€™s now August, and although the 1.8 cents offer no longer exists, UOB hasnโ€™t reverted to the regular 2.1 cents price either.

UOB PRVI Pay offering 2% admin fee until 30 September 2019

Itโ€™s certainly not as good as the previous offer, but from now till 30 September 2019, UOB PRVI Miles cardholders can buy as many miles as they want for a 2% admin fee.

Cardholders will earn UNI$2.5 for every S$5 they charge to PRVI Pay, equivalent to 1 mile per S$1 charged. A fee of 2% applies, and hence your cost per mile is 2 cents each. Remember that the UNI$ you earn can be converted into either KrisFlyer or Asia Miles, so you have options to choose from.

How does this compare to other ways of buying miles?

The cost of buying miles in Singapore has fallen significantly over the past 12 months, so much so that Iโ€™ve revised my valuation of a KrisFlyer mile down from 2 cents to 1.8 cents each.

The table below summarizes your options for buying miles. Do keep in mind that not every method will be available to you, as some have income restrictions (e.g the SCB Visa Infiniteโ€™s tax payment facility requires a $150K p.a. SCB Visa Infinite card), and others require having particular types of payments (e.g. you canโ€™t use RentHero unless you have a rental bill to pay).

[table id=4 /]

UOB PRVI Payโ€™s main advantage is that itโ€™s a โ€œno questions askedโ€ facility- you donโ€™t need an IRAS NOA, a tenancy agreement or anything of the sort to use it. So long as you have the credit limit, you can buy as many miles as you want.

However, there are cheaper โ€œno questions askedโ€ facilities out there, albeit with higher income requirements. OCBC VOYAGE cardholders (min income: $120K) can buy as many miles as they want for 1.9 or 1.95 cents each. UOB Reserve Visa Infinite cardholders (invitation only) can buy as many miles as they want for 1.9 cents each.

In that sense, UOB PRVI Pay (min income: $30K) provides the most accessible โ€œno questions askedโ€ facility on the market, but if you do indeed have a rental or tax bill to pay, youโ€™re going to want to consider the following cheaper options instead:

Rent Tax
  • RentHero- 1.85% fee, buy miles from 1.14 cents
  • CardUp- 1.9% fee with code SAVERENT19, buy miles from 1.17 cents (Get $20 off your first payment with code MILELION)
  • Citi PayAll- 2% fee, buy miles from 1.25 cents
  • SC EasyBill- 2% fee, buy miles from 1.43 cents
  • SCB Visa Infinite- 1.6% fee, buy miles from  1.14 cents
  • HSBC Visa Infinite- 1.5% fee, buy miles from 1.2 cents
  • Citi PayAll- 2% fee, buy miles from 1.25 cents
  • SC EasyBill- 2% fee, buy miles from 1.43 cents
General note: Do not make the mistake of comparing admin fee % to determine which is the lowest cost option! For example, Citi PayAll has a fee of 2%, but when paired with the Citi Prestige card (1.3 mpd) can generate miles at 1.54 cents each. UOB PRVI Pay has a fee of 2%, but earns 1 mpd with the UOB PRVI Miles card for 2 cents each. Same fee, different cost. Always refer to the table above for the relevant workings

Conclusion

At 2 cents per mile, PRVI Pay isnโ€™t the deal of a century. However, if youโ€™re just short of UOBโ€™s transfer block of UNI$5,000 (10,000 miles), this could be a way of โ€œtopping upโ€.

Iโ€™d certainly explore the other options available before resorting to this, but if you need miles and need them quickly, PRVI Pay is still way cheaper than buying miles from Singapore Airlines at about 5 cents each.

Aaron Wong
Aaron Wong
Aaron founded The Milelion to help people travel better for less and impress chiobu. He was 50% successful.

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Xin

Seems like they donโ€™t take installment options anymore. Hence this is just a pure buying miles program since itโ€™s charged to your card the following month anyway.

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