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Credit Cards UOB Credit Cards v8, YOLO feature change! Min 8 swipes p/m
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ClarenceT
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 Dec 14 2017, 07:54 AM
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QUOTE(MGM @ Dec 13 2017, 11:44 PM) Above from PBB thread. Eg, pay bills @uobpayonline 16x rm39.10 = rm625.60 on 1st day of month should qualify for rm50 CB. Why not 16 x RM1 on any transactions (likely not limited to Dining, Online, Travel, to be clarified) to activate 8% cashback? more like old HLB Wise's 10X requirement. My concern is the AF. Still can be waived if minimum 1 transaction per month? This post has been edited by ClarenceT: Dec 14 2017, 07:55 AM |
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ClarenceT
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Dec 14 2017, 07:58 AM
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QUOTE(SzeMeng76 @ Dec 14 2017, 07:52 AM) DEFINITELY! I'm feeling the same! Got the feel I gonna cancel it soon   My case is different. Because of reduction at PBB VS, I intend to apply for UOB Yolo for some online transactions (8% and used on the first day of every month). Provided no AF. |
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ClarenceT
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Dec 14 2017, 10:49 AM
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Grab Petronas Giftcards (RM95) at Lazada every 1st afternoon (Lazada not following MY time zone for card transactions) of the month, if available. Better than petrol rebate scheme on other credit cards.  |
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ClarenceT
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Dec 14 2017, 11:39 AM
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QUOTE(JuneResources @ Dec 14 2017, 11:02 AM) Damn s**t revised again Yolo. I guess UOB cannot tahan keep give cash rebate per month more than 10K citizen in whole Malaysia. Then force us swipe at least 8 times per transactions. I can't imagine your CC statement comes out a long list transactions of RM1.00. That is really funny each transactions RM1 with 3 or 4 pages of CC statement.  UOB think you are so fool playing like this "backdoor" of t&c with keep swipe (until card chip burn out) at least 8 times. Some PB cardholders may have 30-50 transactions of RM50 each in recent months! |
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ClarenceT
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Dec 14 2017, 06:21 PM
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QUOTE(stargate8 @ Dec 14 2017, 05:48 PM) wow rude shock to this revised T&C for YOLO was bz with lazada shopping... ok so next month must perform 16x trxn on 1st day to get 8% cap at RM50 FCFS basis, this is tricky, UOBM may just tell you that this month quota finished hmm, utilities if eligible, then not difficult to achieve, but the payment gateway timing will be crucial, perform at 12am or at 9am safer? by the way UOBPayonline, i paid rm1 before, payment will be failed so i paid rm2 no issue 1/1 not qualifed. effective 5/1. |
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ClarenceT
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Dec 14 2017, 09:48 PM
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QUOTE(JuneResources @ Dec 14 2017, 09:42 PM) Waa. Like that 1st day whole Malaysia citizen people who holds yolo card are extremely "traffic jam" of online to get 8% cap at RM50?  I/m also to decide whether abondon this card or not. Getting more n more ridiculous t&c already. Saw the pbb quantum card is quite useful for me. But damn sad both pbb quantum card don't have cashback for petrol.  I also afraid ONE card also revised t&c. Hopefully it won't do so.. Otherwise no idea to choose what cc already..  You can get PB Petron card together with PB Quantum cards in order to get petrol rebate. But getting Petronas Giftcard at Lazada/Shopee may sometime give you better return (>10%). Grab the Petronas RM100 Giftcard at RM95 (or lower) or Petronas RM50 Giftcard at RM48 on first afternnoon of every month (+8% rebate on online transactions) using Yolo. Also, Petronas may introduce online topup on Petronas Giftcard sometime next year. This post has been edited by ClarenceT: Dec 14 2017, 09:53 PM |
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ClarenceT
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Dec 14 2017, 10:47 PM
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QUOTE(kart @ Dec 14 2017, 10:38 PM) A question to everyone here: Is it possible that there will be 2200 Cardholders who will charge RM 39.07 16 times to their UOB Yolo on 1st of every month (starting from 1 February 2018), until the total Cash Back payout is RM110000 per calendar month is immediately depleted on 1st of every month? No doubt, there are many 'kiasu' cardholders here. But, we here are rare breed of credit cardholders who will optimize the spending on cashback credit cards to gain maximum cashback. Just how many people who will stay awake on the early morning of 1st of every month, to charge RM 39.07 16 times to their UOB Yolo? Nevertheless, I agree with the many of us here that it is very risky to use UOB Yolo card. UOB has the discretion to say that the total Cash Back payout is fully utilized on 1st of every month, and we have no way to verify the authenticity of such claim made by UOB. Don't worry, UOB will review and revise the cashback payout quarterly (stated in T&C). They will increase the payout if the pool is always exhausted in the first day of the first few months. |
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ClarenceT
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Dec 15 2017, 11:01 AM
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QUOTE(arthur88 @ Dec 15 2017, 09:48 AM) dont understand the logic behind > 16x transactions... increasing the number of transactions will force cardholders to spend more? looks like next month gonna pay digi via uobpayonline 20x with RM10....damn 20x tac code...  UOB Card officers assume they are smarter than general public. But we are smarter than UOB Card officers. |
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ClarenceT
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Dec 16 2017, 08:46 AM
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For those who just got their new UOB Yolo card in Nov/Dec, may I know the 9th-12th number (-NNNN-) of the card? Just to estimate how many UOB Yolo cards issued.
4386-2900-NNNN-XXXX
UOB should have studied the cashback payouts in the past before decided on the monthly payout of RM110k. They are not stupid just to provide cashback just for only first few hours every month. From past experience at UOB One card, CB usually last till 1st-2nd week.
This post has been edited by ClarenceT: Dec 16 2017, 08:47 AM
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ClarenceT
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Dec 19 2017, 07:17 PM
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More cut in rebates and benefits expected in next few years, as the bank commission on card transactions will be reduced from 1.1% to less than 0.5% and when BNM's Paynet QR and Alipay are becoming popular.
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ClarenceT
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Dec 19 2017, 09:43 PM
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Also the 16 transactions must be from Online & Dining (5%/8% cashback categories) or can include other transactions that do not give 5%/8% rebate (just like HLB Wise).
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ClarenceT
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Jan 3 2018, 04:50 PM
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QUOTE(atisha @ Jan 3 2018, 02:42 PM) I am very surprised to learn that my November cashback amounts only to Rm26.09 with the following online purchases in the month of November: Shoppee Rm150 +107.80 AliExpress Rm153 Iherb Rm370 Lazada Rm11 Total: Rm791.80 6% of Rm791.80 would be Rm47.51 but I am only getting Rm26.09?? You didn't receive any OTP on your US transaction right? It was manually processed by the merchant! |
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ClarenceT
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Jan 25 2018, 04:23 PM
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QUOTE(shamsay @ Jan 25 2018, 03:06 PM) How to get 8x transaction lol..now only 5x..hard to get 8x.haha.hopefully total payout not reach yet laa pump RM1 petrol. |
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