Hospital classification explained Ng Teng Fong General Hospital If you’re holding on to one of these, it’s well worth checking with the bank (and getting a response in writing). There’s been no mention of UOB’s other Visa Infinite cards, namely the “classic” Visa Infinite and the Privilege Banking version. I can only surmise that UOB is afraid of angering its high net worth customers, who may well be charging hefty medical checkup packages to their cards. What’s interesting is that the UOB Visa Infinite Metal Card and UOB Reserve have both been spared from this change, and will continue to earn UNI$ as per normal. Others transactions such as gambling present an increased risk of fraud and chargebacks, hence their exclusion (although UOB, amusingly, still awards bonus points on porno). Some of it boils down to Merchant Discount Rates (MDRs)- organizations like schools and non-profits tend to be accorded discounted MDRs, which makes rewards economically unviable. That’s a pretty extensive list of exclusions, although to be fair there isn’t anything here that other banks haven’t excluded too. UOB cards will not earn UNI$ or KrisFlyer miles at SMART$ merchants, or at SPC stations Government Services-not elsewhere classified Intra-Government Purchases-Government Only Organizations, Charitable and Social ServiceĬourt Costs including Alimony and Child Support Schools and Educational Services–Not Elsewhere Classified Gambling – Betting, including Lottery Tickets, Casino Gaming Chips, Off-Track Betting, and Wagers at Race TracksĬolleges, Universities, Professional Schools and Junior Colleges Quasi Cash-Remote Stored Value Load-Merchant RentalsĬlean/Maint/Janitorial Serv aka Property ManagementĪutomobile Parking Lots and Garages (wef ) Quasi Cash-Remote Stored Value Load-Financial Institute Rentals Quasi Cash–Merchant (Non-Financial Institutions – Foreign Currency, Non-Fiat Currency, Cryptocurrency) Quasi Cash–Financial Institutions, Merchandise and Services Member Financial Institution–Merchandise and Services With the latest additions, UOB’s revised rewards exclusion list now reads as follows: MCC ![]() ![]() ![]() An exception has been carved out for the UOB Reserve and UOB Visa Infinite Metal Cards, which will continue to earn UNI$ on hospital transactions. Quasi-Cash Transaction means a transaction involving the sale of item(s) that are directly convertible to cash including the purchase of chips, lottery tickets or other value usable for gambling or gambling- related activities, the placing of a wager, the purchase of traveller’s cheques, foreign currency, money orders, the use of a Card to open or fund a deposit account, at a location other than a member financial institution or transaction(s) in which a merchant accepts a Card for payment of an existing debt, such as a private label card or vehicle loan.UOB has published a prospective update to its credit card rewards T&Cs that comes into effect early next year.įrom 1 February 2021, payments to hospitals, automobile parking lots and garages will no longer earn UNI$, cash rebates or KrisFlyer miles on all UOB credit cards. More Definitions of Quasi-Cash Transaction In respect of Cash Advances and Quasi-Cash Transactions, We will charge You an interest rate of from the date of each Cash Advance or Quasi-Cash Transaction. The service is nearing the end of the procurement phase of our new IT system, which will greatly reduce duplication and ensure that staff can focus on customer service delivery to provide a much more rounded service. If so utilized, the Bank reserves the right to charge a Cash Advance Fee for any Quasi-Cash Transaction in accordance with the disclosures provided to you from time to time. Temporary Enclosures: Provide temporary enclosures for protection of construction, in progress and completed, from exposure, foul weather, other construction operations, and similar activi- ties. Examples of Quasi-Cash Transaction in a sentenceĬash Back Transaction and/or Quasi-Cash Transaction) from the Account (whether in credit or debit) as such rate(s) as Hang Seng may from time to time prescribe at its discretion.
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