SCB Prudential Platinum & Signature to offer 10X overseas, 5X on dining (but don’t get excited…)

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From 9 September, both SCB Prudential cards will earn 10X points on FCY and 5X points on dining. Here's why it's no big deal.

If for whatever reason you hold an SCB Prudential Platinum Card or SCB Prudential Signature (formerly known as PruPrestige Visa Signature), you may have received a letter about some upcoming enhancements to your card.

Photo credit: ML Yang

From 9 September 2019, both the SCB Prudential Platinum and Prudential Signature will earn 10X points on foreign currency transactions, 5X points on local dining, and 1X (1.5X for Prudential Signature) everywhere else.

  SCB Prudential Platinum SCB Prudential Signature
Foreign Currency S$1= 10 360° Rewards Points
Local Dining S$1= 5 360° Rewards Points
Other Spending S$1= 1 360° Rewards Points S$1= 1.5 360° Rewards Points
Cap per membership year 20,000 50,000

On the surface, this may sound exciting because most of us are conditioned to think that 10X points= 4 mpd and 5X points= 2 mpd. But that’s not quite the case where SCB is concerned. 

SCB’s two tier rewards system

SCB’s Rewards Program is a bit of an oddity as far as banks go. If you navigate to the rewards portal and look at the Air Miles section, you’ll notice there are two distinct sections- one for Visa Infinite cardmembers, and one for everyone else.

If you hold a Visa Infinite card, 2,500 360° Rewards Points= 1,000 miles. Therefore, 1 360° Rewards Points is 0.4 miles, and indeed, 10X points would be 4 mpd.

However, if you hold any other SCB card (including the Prudential Platinum and Prudential Signature), 3,500 360° Rewards Points= 1,015 miles. Therefore, 1 360° Rewards Points is 0.29 miles, and 10X points is a mere 2.9 mpd.

Convert those earning rates into miles, and suddenly the value proposition doesn’t sound that impressive.

  SCB Prudential Platinum SCB PruPrestige
Foreign Currency 2.9 mpd
Local Dining 1.45 mpd
Other Spending 0.29 mpd 0.44 mpd

It’s even worse when you consider the caps that SCB has imposed on these bonus rates.

  SCB Prudential Platinum SCB PruPrestige
Overall Cap on Bonus Points 20,000 50,000
FCY Spending S$2,222 S$5,555 
Dining S$5,000 S$12,500
The overall cap is shared between FCY spending and dining, so if you do a mix of both, the maximum will fall somewhere in between the two limits. 

You could easily earn 2 mpd on dining without cap via the HSBC Revolution card, or even 4 mpd via the UOB Preferred Platinum Visa if Paywave is accepted. Find a restaurant that takes GrabPay, and you get 4 mpd indirectly through the Citi Rewards Visa. Similarly, with the debut of the OCBC 90°N Card, it’s now possible to get an uncapped 4 mpd on overseas spending (until 29 Feb 2020).

So there’s really no reason why anyone should be considering either of the Prudential cards as miles earning tools. Remember: SCB’s 11 new loyalty partners are only available through the X Card, so there’s no case to be made for transfer variety either.


If the figures for the SCB Prudential Platinum sound familiar, that’s because they are. What SCB has done is make the Prudential Platinum the same as the underwhelming Rewards+ card, with the same earning rates and caps.

  SCB Prudential Platinum
SCB Rewards+
Foreign Currency 2.9 mpd
Local Dining 1.45 mpd
Other Spend 0.29 mpd
Cap on Bonus Points 20,000

I can’t imagine a large number of people who read this site would hold a Prudential credit card anyway, but if you know someone who does, do them a favor and point them to better cards for overseas and dining use.

(HT: ML Yang)

Aaron Wong
Aaron founded The Milelion with the intention of helping people travel better for less and impressing chiobu. He was 50% successful.

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If you are a SCVI cardholder, do the points pool and you get to redeem at the 2.5pts = 1 mile rate?


I am SCB VI card holder and over the years whenever I redeem the miles, the Rewards website allows to ‘pool’ the points from the SCB Prudential Card to redeem at 2,500 points for 1,000 miles.

Saying that, I m looking to cancel the SCB Pru card given the limited benefits. I intend to pool the the points again before I cxl the card.

Suk Sung Bong

thank you Prudential for wasting paper sending out that junk by mail to cardholders.


I hold on to a SCB Prudential card because at that time it’s the only card that will earn you points when you pay for the premium.

Its time to relook at how we pay Prudential with all these changes. Anyone have better ideas on this?


Prudential does not accept BOC cards. Only sc, dbs, uob, ocbc, Citibank and maybank.


I use Maybank visa infinite card to pay prudential insurance, no problem with points.


Hey Aaron, are you sure Grabpay topups gives Citibank Rewards Card 4x miles?


No it doesnt. Why are you asking here? Test it youself


Because i read this line in the article above:

Find a restaurant that takes GrabPay, and you get 4 mpd indirectly through the Citi Rewards Visa.

All along I thought it does not!


It does.


Yes, as per my top-up in June. Anyone else have a more current data point?


Top up again?


still have. i think you’re the only one not getting it


I use this card to pay my prudential premiums, for which I get the points that i could convert to miles. This is the only reason I hold this card,
AFAIK No other cards allow points/ miles for insurance premium payments


OCBC Titanium too 🙂


At 0.4mpd or?


1x OCBC$ for every $1 spent … is how many mpd?


Thanks for replying, it’s 0.4mpd
But din know ocbc award puts for insurance though it’s still not worth it


Well it’s either 0.4mpd or nothing at all unless willing to buy miles with cardup etc. Prudential only accept cards from 6 banks (sc, citibank, maybank, dbs, uob, ocbc) and most of the cards already excluded.


Just in from hwz titanium thread, ocbc admin confirmed 1x ocbc$ given for prudential but this will cease from 1oct, ie. no pts if merchant is under mcc 6300 (insurance sales, underwriting, premiums)

From the 90N thread, no travel$ for mcc 6300, 6399, 5960

Nothing seems to be left for prudential other than cardup/ipaymy


Prudential does not accept BOC and hsbc cards. Only sc, dbs, uob, ocbc, Citibank and maybank.


Aaron, you’re always one step ahead of the banks. They should pay you for consultation


What can we use for AIA premiums since it doesnt accept Visa?


Think any MasterCard that does not exclude insurance payment will work. I used ocbc Titanium and get 0.4mpd


Thanks for the info. Seems a better option than BOC em as that would result in orphan miles



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