How To Transform Your Savings Into a Miles-Earning Machine

If Defying Gravity has truly been knotting in your head as a result of Wicked stormed film theaters, you stay in nice agency. The musical’s encouraging deal with strong females ruining assumptions is virtually virtually all over the place now– and with nice issue.

Take Michelle Yeoh Cast as Madame Morrible in Wicked, she’s nonetheless wrecking stereotypes and requiring significantly better depiction and selection. From kicking down doorways in Crouching Tiger, Hidden Dragon to calling Hollywood out, she’s the real-life queen of #WomenInMaleFields– displaying females are presently working markets that have been as quickly as all the pieces in regards to the children.

A 2024 analysis by the Ministry of Social and Family Development (MSF) reveals that Singaporean females are tipping up additionally by progressively tackling administration capabilities and attaining higher financial self-reliance. Translation: females are making energy relocations– and it’s your flip to take part in. Don’ t permit your money relaxation there like a bored trainee. Read on uncover precisely how one can place these monetary financial savings to perform and purchase advantages whilst you intend your following massive journey.

A wiser means to extend your monetary financial savings

Here’s a artistic strategy to make your monetary financial savings perform tougher with out dipping proper into your rainy-day fund. Meet UOB Lady’s Unstoppable Pairing: an influence mixture of the UOB Lady’s Savings Account and UOB Lady’sCredit Card Together, they’re developed to assist you purchase UNI$ advantages simply– wonderful for any particular person eager to degree up their monetary financial savings online game with little or no initiative.

MoneySmart Exclusive

Up to 10 Miles per S$ 1 invested

UOB Lady’s Card

MoneySmart Exclusive:

[CHRISTMAS GIVEAWAY + FLASH DEAL]
The initially 100 shoppers can receive S$ 50 Cash + Apple Watch SE 40mm (GENERAL PRACTITIONER) ( price S$ 399), the next 100 shoppers can receive S$ 50 Cash + Apple AirPods 4 Noise Cancellation ( price S$ 299) and the persevering with to be shoppers can receive S$ 50 Cash whenever you use and make investments a minutes of S$ 1,000 in Eligible Transactions! T&Cs apply

Additionally, enlist in our Rollin’ Rewards campaign fully free and stand a chance to win 50,000 SmartPoints and retrieve legendary advantages!

Valid until 31 Dec 2024

Apply Now

More Details

Key Features

• Up to 25X UNI$ for each single S$ 5 make investments (equiv. to 10 miles per S$ 1) in your really useful advantages classification( ies) with out minimal make investments wanted. Choose from Beauty & & Wellness, Dining, Entertainment, Family, Fashion, Transport andTravel

• 10X UNI$ (4 miles per S$ 1) + added roughly 15X UNI$ (6 miles per S$ 1) whenever you preserve with UOB Lady’s Savings Account

• Flexibility to change your Preferred Category (ies)Spending each quarter.

• UOBLady’s LuxePayPlan 6 or 12-month time fee plan with out price of curiosity or dealing with prices

• Free e-Commerce protection for on-line acquisitions roughly USD$ 200

• Earn roughly 6.0% p.a. price of curiosity with UOB One Account

• At MoneySmart, we purpose to keep up our particulars exact and roughly day. This particulars may be varied from what you see whenever you see a banks, firm, or sure merchandise web site. MoneySmart won’t be reliant make up the Customer must the main points isn’t as upgraded as our Partner.

See all card details 

UNI$ advantages are the benefits you make with each swipe of a UOB compensates card. For the UOB Lady’s Credit Card, each $5 you put money into certified acquisitions gives you UNI$ 1. Rack up ample of those, and also you’ll be remodeling them proper into air miles faster than you may state “vacation.”

The level is, we perceive that making miles the “normal” means– just by prices– is a prolonged and tough journey. It can seem to be for all times trying to land that return group course journey.

But with the UOB Lady’s Credit Card and Lady’s Savings Account, you may supercharge your revenues to a monstrous 25X UNI$ per S$ 5 invested (that’s a juicy 10 miles per S$ 1) whenever you put money into your really useful advantages classification( ies) with out minimal make investments wanted.

You could make advantages all through a collection of classifications, consisting of Dining, Fashion, Beauty & & Wellness,Family( grocery shops and kids’ outlets), Travel, Transport, andEntertainment With the UOB Lady’s Credit Card, you may choose 1 classification, and with the UOB Lady’s Solitaire Card, you attain select 2– these will be altered each quarter, but additional on that individual in a while.

The full UNI$ you can also make relies upon the Monthly Average Balance (MAB) in your UOB Lady’s Savings Account each month. Basically, the additional you preserve, the much more UNI$ you’ll make.

Here’s an additional thorough check out the auto mechanics:

So, if you happen to preserve the very least $10,000 in your UOB Lady’s Savings Account each month, you can also make a classy 15X UNI$ in your really useful advantages classification( ies) make investments.

Let’s simplify with a real-life occasion: Jane invests $800 on her UOB Lady’s Credit Card in her really useful advantages classification over a month. Here’s what she stands to make:

If Jane maintains her prices for a 12 months, she’ll purchase 28,800 UNI$ * over one 12 months. That equates to a stunning 57,600 KrisFlyer miles. With these miles, she will be able to retrieve a return financial local weather ticket to Tokyo or Seoul, which simply requires 54,000 miles **. Or, if she’s actually feeling slightly bit elegant, she will be able to promote these miles for a return group course ticket to Bangkok, which often units you again round 48,000 miles **.

Shouldn’ t I park aside my monetary financial savings to make price of curiosity somewhat than creating miles?

Ok, we perceive that conserving a daily month-to-month odd equilibrium of S$ 10,000 may seem like a big dedication. And you might imagine that it may be additional price it to stick that $10k proper right into a taken care of down fee making 3% p.a. somewhat.

But if touring is your level, you might find that the extra miles from the Unstoppable Pairing use much more worth. Those miles will be your ticket to brand-new journeys, making the Unstoppable Pairing not merely a sensible financial relocation but a key to experiences.

Here’s precisely how.

As you may see, the added miles made by transferring S$ 10,000 in a UOB Lady’s Savings Account and prices merely S$ 1,000 a month in your UOB Lady’s Credit Card deserves higher than the S$ 300 in price of curiosity which you can or else make in a 12 months from taken care of down funds.

We may run this circumstance as soon as extra the place you preserve an MAB of S$ 100K and make investments S$ 2K every month on the UOB Lady’s Solitaire Card:

This reveals precisely how the pairing can use purposeful benefits– by sustaining your funds within the Lady’s Savings Account, you can also make added miles that may very well be higher to your itinerary.

The benefits don’t give up there

Aside from enhancing your miles from regular month-to-month acquisitions, this pairing makes use of purposeful benefits for females, like the pliability to pick and alter up your really useful advantages classifications each quarter.

Dining out an incredible deal this month? Set your advantages to the Dining classification. Eyeing some brand-new strings subsequent? Shift toFashion Heading on a visit? Switch it roughlyTravel It’s all the pieces about seeing to it you receive probably the most out of each buck invested.

And for these high-end purchases (good day there, footwear and baggage!), the UOB Lady’s LuxePay Plan permits you unfold out the expense with 0% p.a. instalments over 6 or one 12 months at no cost. Yep, these mary-janes don’t want to stay in your wishlist for all times.

With the UOB Lady’s Card and Savings Account, you may incorporate clever prices with conserving, opening benefits and advantages that surpass common price of curiosity– wonderful to your following massive journey.

T&&Cs use. Insured roughly S$ 100k by SDIC.

* UNI$ will be exchanged air miles on the conversion value of UNI$ 1 = 2 miles.

** Based on Singapore Airline’s Saver Awards Chart as at October 2023, leaving out tax obligations, charges and prices.

This weblog publish was composed in cooperation with UOB. While we’re economically made up by them, we nonetheless purpose to maintain our content material stability and analysis gadgets with the exact same unbiased lens. We are dedicated to giving the perfect particulars so as so that you can make particular person financial selections with self-confidence.

About the author

Audrey Ng is a deal seeker that makes an attempt to hunt the perfect gives possible whether or not it’s meals, shopping for or touring. She will definitely out auntie the auntiest of aunties.

How To Transform Your Savings Into a Miles-Earning Machine was very first launched on the MoneySmart blog.

MoneySmart makes it very simple to take management of your monetary sources. Stay within the loophole– observe us on Instagram, Telegram, and Facebook for the hottest on particular person cash.

Ready to find the perfect loans, insurance, or credit card makes use of in Singapore? Compare them on our web site presently.

© 2009-2024 MoneySmart. All civil liberties scheduled.