Last month, UOB bumped its head a little too hard and started offering an uncapped welcome gift for selected credit cards: a pair of the highly-rated Sony WH-1000XM5 Wireless Noise Cancelling Headphones.
It looks like the damage may be permanent, because this month theyโre doing it again- this time round itโs a pair of Apple AirPods Pro and two AirTags, and again thereโs no cap. Everyone who gets approved and meets the minimum spend gets the gift (what a novel concept!).
This would be a nice little offer, but as always with UOB, thereโs a catch.
UOB Cards offering Apple bundle welcome gift
New-to-bank customers who apply and receive approval for an eligible UOB credit card from 1 October to 30 November 2024 will receive:
- Apple AirPods Pro (2nd Gen) with MagSafe Charging Case
- 2x Apple AirTags
โ New-to-bank |
New-to-bank customers are defined as those who:
|
Unlike last month, where UOB thought it wiser to list the cards that werenโt eligible, this month theyโve kindly listed the cards which are:
- Metro-UOB Card
- Singtel-UOB Card
- UOB ONE Card
- UOB Preferred Platinum Visa
- UOB Visa Signature Card
A minimum qualifying spend of S$1,000 must be made within the first 30 days of approval. For example, if your card is approved on 10 October 2024, you will need to meet the minimum spend by 9 November 2024.
Now, you might be thinking: so far, so good. Whatโs the catch?
The catch is that if you want this gift, you have to give up your first year fee waiver. All the eligible cards normally waive their first yearโs fee, so cardholders must manually trigger it by sending the following SMS to 77862 by 30 November 2024.
๐ฑ SMS to 77862 |
CCAF<space>Last 4 alphanumeric digits of NRIC/Passport (Example: If your NRIC is S1234567A, send โCCAF 567Aโ) |
If you forget to send this SMS, your application will be treated like any other standard application: first year fee waiver, no welcome gift.
Based on the list of eligible cards, youโre looking at a charge of at least S$196.20 (S$218 if you opt for the UOB Visa Signature).
So youโre not so much getting a free gift as you are a discount, and while paying S$196.20 for Apple products with a recommended retail price of S$456.50 may seem like a good deal, keep in mind that thanks to SingSaverโs constant giveaways, the resale price for Apple AirPods Pro, even brand new ones, is significantly lower. I can find them on Carousell starting from S$250, and with two AirTags, youโre looking at closer to S$320 of value.
What counts as qualifying spend?
Eligible transactions include all retail transactions in local or foreign currency, and a full list of exclusions can be found at point 1.6 in the T&Cs.
The key exclusions to highlight are:
- Charitable donations
- Education
- Government payments
- Hospitals
- Insurance
- Prepaid account top-ups (e.g. GrabPay or YouTrip)
- Utilities
- UOB Payment Facility
Supplementary cardholder spending will be pooled with the principal cardholderโs in determining if the minimum spend has been met. And before you say โisnโt that obvious?โ, remember that UOB is not above such shenanigans.
Gift fulfillment
Eligible customers will receive an SMS by 28 February 2025 with details of gift collection.
Terms & Conditions
The T&Cs for this offer can be found here.
Alternative offer: S$350 cash credit
If you donโt like the idea of paying the first yearโs annual fee, then UOB is running its regular welcome offer of a S$350 cash credit for new-to-bank customers who spend at least S$1,000 per month for two consecutive months from approval.
But this is a more vintage UOB welcome offer: only the first 200 eligible cardmembers will receive this gift, and as always thereโs no way of knowing if youโre within the first 200.
Those interested in this offer will need to register by sending the following SMS to 77862 by 30 November 2024.
๐ฑ SMS to 77862 |
CCA<space>Last 4 alphanumeric digits of NRIC/Passport (Example: If your NRIC is S1234567A, send โCCA 567Aโ) |
Conclusion
UOB is continuing last monthโs uncapped promotion by switching up the gift to an Apple AirPods and AirTag bundle, while keeping the minimum spend and other eligibility criteria the same.
However, you will need to give up your first year fee waiver to enjoy this offer, which means paying at least S$196.20. That still represents a discount to the retail price, though perhaps not as good a deal when you consider how much these items go for on Carousell.
If youโre a new-to-bank customer who prefers to go down the miles path, then Iโd recommend looking at the uncapped 45,200 miles welcome offer with the UOB PRVI Miles Card instead.
UOB will be UOB
I will never ever participate in any of their sign up promo as long as those โFirst XXX customerโ clause exist. Itโs as good as a gamble
Also, donโt forget that depending on Appleโs announcement in a weekโs time, the Apple Airpods Pro might become obsolete.
Sorry, I have a โNever UOBโ policy for promos โ too many headaches and uncertainty, although this one does seem to be better than usual for UOB.