Unlimited 1.4% Rebate for Local Spend (2.4% Rebate for Foreign Spend)
Ever since the ANZ Travel Visa Signature Card has been crippled with the horrible redemption rates for Cash Rebate from 2.55% to 1.00%, many people have been asking me what the best 'General Spending' card is. While I am generally a Miles Chaser, I do appreciate the versatility of a good credit card that allows you to switch between Miles and Cash Rebate (much like the ANZ Travel Visa Signature Card then).
Enjoy Unlimited Cash Rebate with UOB PRVI Credit Cards
The UOB PRVI Miles Credit Cards (AmEx and MasterCard versions both) have been slightly crippled too lately, reducing local spend from 1.6 miles to 1.4 miles per S$1 and spend in foreign currency from 2.5 miles to 2.4 miles per S$1. That being said, UOB has introduced a new Cash Rebate redemption option in the UOB Rewards Program:
Cash Rebate with the UOB PRVI Credit Cards
You are now able to redeem for S$100 Cash Rebate with UNI$5000 when using the PRVI Miles (or other cards as shown above). This equates to a 1.40% cash rebate on local spend and 2.40% cash rebate on all spend in a foreign currency. Of course, you can continue to enjoy an equivalent 1.4 miles or 2.4 miles per S$1 should you wish to collect miles instead.
Remember that you will also be eligible for the free one-way limousine service to Singapore Changi Airport when you charged at least S$1,000 in foreign currency to your UOB PRVI Miles Platinum American Express Credit Card per quarter.
Probably the best sign-up offer for Citi Credit Cards - get S$400 cash reward with minimum spend of S$500 within 30 days for new customers.