Battle of the 10x Rewards (or 4 miles per dollar) cards: Who’s the Winner?

As I have mentioned before, a specialised spending strategy will take you further when it come to earning miles, when compared with a general spending strategy. Yes, it is extremely convenient to have a one-size-fits-all card, where you don’t have to bother about switching cards between different types of transactions.

However, for now, given that there are many credit cards out there in the market that target various spending habits (eg dining, fuel, shopping etc.), it is important to know which card(s) give you more bang for your buck. For now, while most general spending cards give you 1.2-1.4 mpd, specialised spending cards can give you 4 mpd, or sometimes even more, depending on whether there are ongoing promotions.

In this article, I will pit the various credit cards that earn you 10x rewards points (or 4 mpd) against each other, for you to make a better assessment as to which one works the best for you.

OCBC Titanium Rewards Card

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What you’ll get: 4 mpd on all shopping, online and offline, local and overseas. This refers to categories including but not limited to clothes, shoes and bags, department stores, electronics and gadgets, and babies’ and children’s wear.

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Cap on miles earned (at 4 mpd earn rate): There is a cap of 120000 OCBC$ (or 48000 miles) per card anniversary year, which translate to a spend cap of S$12000 to earn you 4 mpd.

Ongoing promotions: Earn 4 mpd for all mobile payments (Apple Pay, Samsung Pay, Android Pay) from now until 31 Dec 2018. Also earn 4 mpd at all personal care stores from now until 31 Dec 2018. Also, when using Samsung Pay, you are not limited to S$100 per contactless payment, as Samsung smartphones utilise Magnetic Secure Transmission (MST), which mimics the swiping action of your physical card. This is unlike Near Field Communication (NFC)-only contactless transactions that are usually subject to the S$100 cap.

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Special notes: You can double your cap to 96000 miles per card anniversary if you apply for both the blue and the pink versions of the card. Miles are earned from expenditure rounded down to the nearest S$1.

UOB Preferred Platinum Visa (PPV)

uobppv

What you’ll get: 4 mpd on all Visa PayWave and mobile payment transactions, as well as selected online transactions (shopping and entertainment).

Cap on miles earned (at 4 mpd earn rate): There is a monthly cap of UNI$2000 (or 4000 miles) for each calendar month, bringing the annual cap of 48000 miles.

Ongoing promotions: None

Special notes: UOB has two reward programmes: UNI$ and SMART$. If you happen to make any transactions at merchants on the SMART$ programme, you will not earn any UNI$ (or miles), so be careful. The latest list of merchants on the SMART$ programme (which you should avoid) can be found here. Miles are earned from expenditure rounded down to the nearest S$5.

Citi Rewards Card

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What you’ll get: 4 mpd for all shopping online and offline, local and overseas.

Cap on miles earned (at 4 mpd earn rate): There is an annual cap of 120000 Citi Dollars (or 48000 miles) per card anniversary cycle.

Ongoing promotions: You can earn 8 mpd on Amazon Prime Now, valid until 29 Jan 2018.

Special notes: Miles are earned from expenditure rounded down to the nearest S$1.

DBS Woman’s World Mastercard (WWMC)

dbs wwmc

What you’ll get: 4 mpd for all online transactions, subject to those excluded by the terms and conditions here. This card is probably the most liberal when it comes to dishing out 4 mpd compared to the ones above, as even transactions made with some airlines actually qualify!

Cap on miles earned (at 4 mpd earn rate): There is a monthly cap of the first S$2000 online spend, but you could effectively earn 96000 miles from this card alone for the year.

Ongoing promotions: None

Special notes: Use your DBS WWMC on FavePay and GrabPay and earn 4 mpd! This presents as a perfect way to make payments at merchants that would otherwise not earn you 4 mpd.

VERDICT

So, what’s the verdict? In my opinion, both the OCBC Titanium Rewards Card and UOB PPV complement each other very well. The former is useful for all sorts of shopping, which is by the way more extensive than what Citi Rewards currently offers, and the latter is great for Visa PayWave transactions, which are readily available these days. Even then, once you have maxed out your cap of S$1000 per month on your UOB PPV, you can continue to use your OCBC Titanium Rewards Card for mobile payments. Oh yes and as I have mentioned above, you can double your cap if you apply for both blue and pink versions of the OCBC Titanium Rewards Card. The only drawback for the UOB PPV is that miles earned are computed based on your expenditure rounded down to the nearest S$5, unlike S$1 for the other 3 cards.

That being said, the DBS WWMC is also an awesome card to get, provided you make a lot of online transactions that are not limited to selected shopping categories, and if you love using FavePay and GrabPay.

That is not to say that the Citi Rewards Card doesn’t come in handy. If you are a big spender, having an additional card to earn you 4 mpd doesn’t hurt at all. Bear in mind that all 3 cards except the DBS WWMC have a minimum income requirement of S$30000 per annum, which classifies them as entry level cards. Plus, unlike the UOB PPV, the Citi Rewards Card doesn’t have a monthly cap on 4 mpd transactions.

Note that all 4 cards do not have annual fee bonuses, so this shouldn’t factor into your decision behind choosing which card best suits you.

Therefore, I suggest getting your hands on both the UOB PPV and OCBC Titanium Rewards Card, and if you can spare another slot (or two) in your wallet, then get the Citi Rewards Card and the DBS WWMC.

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