UOB Visa Signature Credit Card Review (2024): Double the Perks for Local and Overseas Spending

Experience the best of both worlds with UOB’s Visa Signature Card – where local and overseas spending meet generous rewards. 

Whether you're indulging in local treats or exploring exotic destinations abroad, earn an impressive 4 miles per S$1 (mpd). With no spending exclusions holding you back, turn your everyday purchases into exciting travel rewards effortlessly with the UOB Visa Signature Card!

Table of contents

• Overview: UOB Visa Signature Credit Card
• Pros of the UOB Visa Signature Credit Card
• Cons of the UOB Visa Signature Credit Card
• Eligibility, fees & charges
• How to apply?
• Should you apply for the UOB Visa Signature Credit Card?
• Frequently Asked Questions (FAQs)

What the UOB Visa Signature Card can do for you

UOB Visa Signature Card product summary:

• Up to UNI$10 per S$5 spend / 4 mpd on overseas transactions (including online)
• Up to UNI$10 per S$5 spend / 4 mpd on petrol (excluding SPC and Shell) and contactless transactions
• Minimum spend requirements:
  •  Overseas: Min. S$1,000 spend per statement month*
  •  Petrol and contactless: Min. S$1,000 spend per statement month*
  •  * Both types of respective spend are mutually exclusive – can either satisfy just (a), just (b), or (a) + (b)
•  Combined cap of UNI$4,000 (S$2,000) per statement month
•  Earn instant cashback from participating merchants under the UOB$ programme
•  Annual fee: S$218 (1st year waived)
•  Minimum age: 21
•  Minimum annual income requirement: S$50,000 for Singaporean Citizens and PRs, S$40,000 for Foreigners

5 reasons to get the UOB Visa Signature Card

#1: Earn miles effortlessly through overseas transactions

In today's digital age, our lives are increasingly intertwined with the global marketplace. Whether it's booking flights or indulging in international online shopping, the convenience and variety offered by overseas merchants are hard to resist. With the UOB Visa Signature Card, your overseas spending is not only convenient, but also incredibly rewarding!

Earning up to 10X UNI$ per S$5 spend on overseas transactions (4 mpd), the UOB Visa Signature Card presents a lucrative opportunity for avid travellers and online shoppers alike. Moreover, this generous earning rate extends to online transactions in foreign currencies as well, turning your wanderlust and shopping cravings into valuable rewards. 

With the UOB Visa Signature Card, the world truly becomes your oyster, turning every dollar spent overseas into valuable miles for your next adventure.

Read more:
Best Air Miles & KrisFlyer Credit Cards In Singapore (2024)
Best Credit Cards For Overseas Spending
How To Activate Your Credit Card For Overseas Use
How to Convert Credit Card Points to Miles?

#2: Earn even more bonus miles through contactless spend

If you’re an avid miles collector, the UOB Visa Signature Card will surely become your passport to effortless rewards with every tap, both locally and overseas. With this card, you can earn an impressive UNI$10 for every S$5 spent (4 mpd), when you make contactless transactions. 

No more fumbling with cash or digging through your wallet – simply tap your card or phone at the checkout and watch the rewards roll in. 

#3: Perfect for petrol

With the UOB Visa Signature Card, level up by fuelling up! Earning an impressive UNI$10 for every S$5 spent (4 mpd) on petrol (excluding Shell and SPC), you can say goodbye to mundane petrol purchases and hello to a journey filled with rewards.

For drivers loyal to Shell and SPC, fret not! The UOB Visa Signature Card has got you covered with immense savings on fuel – up to 21.15% savings at Shell and up to 22.66% savings at SPC.

Read more:
Best Shell Credit Card Discounts in Singapore
Best SPC Credit Card Discounts in Singapore

💡 Pro-tip: Shave off even more savings of 27.8% discount at Shell when paying using the Shell Value Drive Card and UOB One Card together.

#4: Earn instant cashback all year round on participating UOB$ merchants

With the revamped UOB$ Rebate Programme, enjoy instant cashback all year round at participating merchants.

With up to 10% UOB$ cashback available on all in-store purchases and the convenience of automatically offsetting your spend on your next bill at the same merchant, it's never been easier to earn rewards. Plus, with over 1,000 participating merchants islandwide, there's something for everyone!

Don't miss out on this exciting opportunity – click here to view all participating merchants!

#5: Travel with a peace of mind

Get set for adventure with the UOB Visa Signature Card's complimentary travel insurance! Enjoy the thrill of travel knowing you're covered with up to S$500,000 in Public Conveyance Personal Accident protection and up to S$50,000 for Emergency Medical Assistance, Evacuation & Repatriation (including COVID-19-related incidents).

Activate your complimentary travel insurance here. With the UOB Visa Signature Card, your adventures are not only memorable but also worry-free! Otherwise, score even more rewards by purchasing one of our travel insurance deals here on SingSaver!

2 reasons NOT to get the UOB Visa Signature Credit Card

#1: High minimum spend and UNI$ cap

While the UOB Visa Signature Card offers enticing rewards, it comes with a catch: you'll need to hit a minimum spending threshold of S$1,000 both locally and an additional S$1,000 overseas every statement month to unlock its full potential. For some, this might mean stretching their budget or altering their spending habits just to qualify for rewards. 

Furthermore, even if you manage to meet these spending targets, your rewards are capped at UNI$4,000. For those who love to spend big and dream bigger, this cap could be a bit of a downer.

However, it should be noted that these two minimum spend requirements are mutually exclusive; meaning to say, it is possible to only spend S$1,000 in overseas transactions or S$1,000 in petrol and contactless transactions respectively. You just wouldn’t be able to enjoy bonus UNI$ under both categories concurrently.

#2: Missing out on UNI$ for UOB$ Merchants

While the UOB$ Rebate Programme offers great rewards, here's the downside: when you shop at UOB$ merchants, you won't earn any UNI$ (aka no miles either). Instead, you'll only receive instant rebates in the form of UOB$ cashback. 

While it's still a perk, it means you'll miss out on accumulating those valuable UNI$ for other rewards or travel opportunities. 

What charges should you look out for?

• Annual fee: S$218 (1st year waived)
•  Late payment fee: S$100 if minimum payment is not received by due date
•  Minimum monthly payment: 3% of current balance or $50, whichever is higher, plus any overdue amounts
•  Cash advance fee: 8% of cash advance amount, subject to a minimum $15 fee
•  Overlimit fee: $40
•  Interest on cash advances: 28% p.a. on all outstanding amounts
•  Interest on purchases: 25.9% p.a. subject to a minimum S$3 charge on outstanding, unpaid amounts (including late payment charges)
•  Additional interest: 3% p.a. on top of prevailing interest on any remaining unpaid amount if minimum payment is not received by due date
•  Foreign currency transaction fee: 3.25%
•  International processing fee: 1%

Eligibility Criteria

• At least 21 years of age
• Minimum annual income for Singaporean Citizens and PRs: S$50,000
• Minimum annual income for Foreigners: S$40,000

How to apply?

Click on any “Compare the Best UOB credit cards” button in this article and complete the application form on SingSaver site. You might need to prepare the following documents for the application process:

• Front and back of NRIC/Passport/Employment Pass
• Salaried employees (Singaporeans/PRs):

  • Fixed monthly salary ≥ S$2,500:
    • Last 12 months' CPF statement
    • Latest original computerised payslip
    • Latest Income Tax Notice of Assessment and last 12 months' CPF statement or latest original computerised payslip
  • Fixed monthly salary < S$2,500:
    • Past 12 months' CPF statement
    • Latest 3 months' computerised payslip
    • Latest Income Tax Notice of Assessment and last 12 months' CPF statement or latest original computerised payslip
      
  • Length of employment < 3 months: Last computerised payslip, company Letter certifying employment, and monthly salary
• Self-employed: Latest Income Tax Notice of Assessment

Should you get the UOB Visa Signature Card?

If you're someone who frequently travels or makes overseas transactions and won’t have a problem hitting the minimum expenditure requirements, then the UOB Visa Signature Card could be your ideal match!

What sets the UOB Visa Signature apart is its versatility, offering the best of both worlds in terms of local and overseas spending. One of its standout features is its competitive earning rate of 4 mpd spent in foreign currency. But, whether you're tapping for purchases locally in Singapore or swiping overseas, you'll still earn an impressive 4 mpd. 

With just S$2,000 monthly spend, you could easily rack up a whopping 96,000 miles a year. That's more than enough for two people to enjoy a luxurious Business Class flight with Singapore Airlines from Singapore to Seoul or Tokyo! If you're ready to turn your everyday spending into exciting travel rewards, the UOB Visa Signature Card could be the perfect fit for you!

Frequently asked questions (FAQ)

Is the UOB Visa Signature Card a premium credit card?

A: No, most premium credit cards usually have an annual income requirement of at least S$120,000 and incur hefty annual fees. However, the UOB Visa Signature card only has an entry-level requirement of S$50,000 annually. 

Is the UOB Visa Signature Card better than the UOB Preferred Platinum Visa Card?

A: The UOB Visa Signature Card often provides enhanced rewards and benefits compared to the Preferred Platinum Visa card, such as higher cashback rates, accelerated rewards points, and exclusive privileges at partner merchants.

However, these enhanced perks and privileges come at a price – the Visa Signature Card comes with a higher annual fee than the Preferred Platinum Visa card. This is also because UOB's Visa Signature card targets individuals with higher incomes and lifestyles that match the premium benefits offered. 

While both cards are great options, the Preferred Platinum Visa card may be more suitable for those who prefer a basic credit card without the additional frills and are looking for a lower annual fee option.

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