When cardholders purchase air tickets solely using the card, they are eligible to enjoy a complimentary travel insurance policy with a cover for public conveyance personal accident amounting to S$500,000. The policy will pay out 100% of the sum insured in cases of death, loss of one or more limbs, total and irrevocable loss of eyesight in one or both eyes and total and permanent disability arising out of gainful employment.
The policy also provides a cover for evacuation due to emergency medical assistance arising out of an accident and repatriation with a maximum cover limit of S$25,000 per insured person.
|Type of fee||Amount payable|
|Annual fee||S$214 for primary credit card, waived for the first year.|
|Supplementary card fee||S$107 for supplementary card, waived for the first year.|
|Interest rate||25.9% per annum|
|Late payment charges||Minimum of S$60|
|Cash advance fee||S$15 or 6% of the amount withdrawn, whichever is higher|
Foreign transaction fees will be levied on all transactions carried out in foreign currencies. The fee is 2.5% for all foreign currency transactions carried out through Visa, MasterCard, JCB International or China UnionPay credit cards. The card also levies an international processing fee on all transactions carried out in Singaporean Dollars but processed overseas. The international processing fee for Visa transactions is 0.8% of the transaction amount (to become 1% from 22nd November 2016) and for MasterCard transactions is 1% of the transaction amount. You will earn UNI$10 for every S$5 spent on all transactions in foreign currencies.
Applying for the UOB Visa Signature card is a hassle free process and can be done either online through the UOB website or offline at the nearest UOB branch. Online application done through the bank website provided the completed application form along with any required documents is submitted prior to 1 PM between Monday and Friday will be eligible for same day card delivery. The same day delivery does not apply on public holidays.
Applicants wishing to avail a UOB Visa Signature Card will have to submit certain documents during the time of application which are as follows.
The card charges an interest rate of 25.9% per annum and is calculated on a daily basis from date of transaction. The charge will also be levied on any outstanding amount including late payment fees until the credit card has been cleared of any outstanding dues. The card charges an interest rate of 28% per annum on all cash advances. Interest rates are subject to change as per the discretion of the bank and applicants should always check with the bank for prevailing rates of interest.
A minimum monthly repayment of 3% of the current balance or S$50, whichever is higher should be made. Failure to repay the minimum monthly amount on time will attract a late payment penalty which amounts to S$60.
Lost/stolen card liability
The UOB Visa Signature Card comes with a Card Secure Plan for a premium of S$52.43 for individual cardholders and a premium of S$93.63 for the family policy applicable to a maximum of 5 persons. When the card is reported stolen, cardholders will get up to S$3000 in card protection, S$1000 to cover cost of communication and acquiring replacements of identity cards, passports or driving licenses. Cardholders can even avail emergency cash advances of S$1500 and emergency hotel bill advances of S$4000.
Reporting lost/stolen credit cards
Cardholders need to report lost or stolen cards immediately or upon discovery of missing cards to UOB. Cardholder can call on the toll-free helpline at 1800 222 2121 which is available 24 hours a day.