Asked by Anonymous
Asked 4w ago
Every time I use the UOB credit card to make some spendings, I will receive an SMS asking me whether I want to use my UNI$ to offset the spendings.
I've never tried this before, but I'm considering now given that I do not have so much cash. I wanted to keep the UNI$ for miles but that will leave to more spendings which I may not be able to pay off.
Is it worth it to use UNI$ to offset the credit card bills, or is it better to keep it to exchange for miles?
Top Contributor (Jan)
I get that too with my Citibank PM cards. In general, the value of the UNI$ (or citi miles) is always best redeemed for premium cabins. It will be poor value to use them to offset fees or the credit card bill itself.
Here's an article on using UNI$ to offset fees (but really, this applies to almost any other bank 'currency')
If you can achieve even 3 cents per mile for your redeemption (very easily done when redeeming business), the UNI$ are best kept for miles.
If your ultimate goal is to exchange for mile, you should keep the UNI$. Do some calculation based on your regular spending habit to check if you are able to exchange for any ticket.
Its a trade off you have to decide. While uni$$ can give a better value if redeemed with business class, the ability to use cash helps you to free up on expenditure although the Uni$$ to cashback rate is bad. Its between needing more money or aiming for a particular want (premieum class seats)
As you mentioned that you may not have sufficient money to fully pay off your CC bill, using the UNI$ to offset your bill is definitely the better option.
It's choosing between flying business class (which is a want and not a need) or not having to pay 25.9% p.a.