Introduction
The UOB Visa Signature is a premium credit card that offers a wide range of benefits and rewards to its cardholders. These include, but are not limited to, access to exclusive lounges, discounts on travel and dining, and enhanced insurance coverage. However, it is important to note that these benefits come at a cost, and there are a number of terms and conditions that you should be aware of before applying for a UOB Visa Signature card.
Eligibility Criteria
To be eligible for a UOB Visa Signature card, you must meet the following criteria:
- Be at least 21 years old
- Have a good credit score
- Have an annual income of at least S$80,000
Fees and Charges
The UOB Visa Signature card has an annual fee of S$480. This fee is charged on a monthly basis, and it is not pro-rated if you cancel your card before the end of the year. In addition to the annual fee, there are a number of other fees and charges that you may be subject to, including:
- Foreign currency conversion fee: 3.25%
- ATM withdrawal fee: 5%
- Late payment fee: S$100
- Over-limit fee: S$50
Benefits and Rewards
The UOB Visa Signature card offers a wide range of benefits and rewards to its cardholders, including:
- Access to exclusive lounges: UOB Visa Signature cardholders have access to over 900 airport lounges worldwide. These lounges offer a variety of amenities, such as comfortable seating, free Wi-Fi, and complimentary food and drinks.
- Discounts on travel and dining: UOB Visa Signature cardholders can enjoy discounts on travel and dining at a variety of merchants. These discounts include, but are not limited to, 10% off flights, 15% off hotel stays, and 20% off dining at select restaurants.
- Enhanced insurance coverage: UOB Visa Signature cardholders are covered by a variety of insurance policies, including travel insurance, purchase protection insurance, and extended warranty insurance. These policies provide cardholders with peace of mind in the event of an unexpected event.
Terms and Conditions
The UOB Visa Signature card is subject to a number of terms and conditions, including:
- The annual fee is charged on a monthly basis, and it is not pro-rated if you cancel your card before the end of the year.
- The foreign currency conversion fee is 3.25%.
- The ATM withdrawal fee is 5%.
- The late payment fee is S$100.
- The over-limit fee is S$50.
- You must meet the eligibility criteria to apply for a UOB Visa Signature card.
- You must pay the annual fee in full each year.
- You must use your card regularly to avoid being charged an inactivity fee.
Conclusion
The UOB Visa Signature is a premium credit card that offers a wide range of benefits and rewards to its cardholders. However, it is important to note that these benefits come at a cost, and there are a number of terms and conditions that you should be aware of before applying for a UOB Visa Signature card.
Tables
Table 1: UOB Visa Signature Fees and Charges
| Fee | Charge |
|---|---|
| Annual fee | S$480 |
| Foreign currency conversion fee | 3.25% |
| ATM withdrawal fee | 5% |
| Late payment fee | S$100 |
| Over-limit fee | S$50 |
Table 2: UOB Visa Signature Benefits and Rewards
| Benefit | Reward |
|---|---|
| Access to exclusive lounges | Over 900 airport lounges worldwide |
| Discounts on travel and dining | 10% off flights, 15% off hotel stays, 20% off dining at select restaurants |
| Enhanced insurance coverage | Travel insurance, purchase protection insurance, extended warranty insurance |
Table 3: UOB Visa Signature Terms and Conditions
| Term | Condition |
|---|---|
| Annual fee | Charged on a monthly basis, not pro-rated if card is canceled before end of year |
| Foreign currency conversion fee | 3.25% |
| ATM withdrawal fee | 5% |
| Late payment fee | S$100 |
| Over-limit fee | S$50 |
| Eligibility criteria | Must be at least 21 years old, have a good credit score, and have an annual income of at least S$80,000 |
| Annual fee payment | Must pay annual fee in full each year |
| Inactivity fee | May be charged if card is not used regularly |
Table 4: Common Mistakes to Avoid with UOB Visa Signature Card
| Mistake | Consequence |
|---|---|
| Not paying annual fee in full | May be charged a late payment fee |
| Using card for foreign currency transactions | May be charged a foreign currency conversion fee |
| Withdrawing cash from ATM | May be charged an ATM withdrawal fee |
| Making late payments | May be charged a late payment fee |
| Exceeding credit limit | May be charged an over-limit fee |
