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Asia   The KrisFlyer UOB account

UOB and KrisFlyer connect KrisFlyer miles and savings

United Overseas BankUnited Overseas Bank Limited (UOB) and KrisFlyer launched the KrisFlyer UOB Account, the first banking solution in Singapore to earn KrisFlyer miles when a customer saves or spends.

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The KrisFlyer UOB account provides an innovative way for customers who prefer to spend on a debit card or millennials in the early stages of their careers who may not be eligible for a credit card to accumulate KrisFlyer miles.

Customers can use the KrisFlyer miles they earn for award flights and upgrades on Singapore Airlines and SilkAir, or for travel vouchers on Scoot and Tigerair. They will also be able to enjoy complimentary privileges when they travel with the latter two airlines.

Ms Jacquelyn Tan, UOB Head of Personal Financial Services Singapore said the KrisFlyer UOB account rewards customers with KrisFlyer miles for every dollar they spend or save.

“We have seen spend on UOB debit cards grow 40 percent over the past two years. Travel spend on debit cards also increased 15 percent in the corresponding period as our customers make more trips abroad.

“From our credit card base, air miles are one of our most frequent reward redemption categories and KrisFlyer miles in particular are very popular, accounting for more than half of all UNI$ rewards redemptions made last year.

By working in partnership with KrisFlyer, we have brought together two home-grown brands to create an innovative banking solution that earns miles when you save and spend to meet the needs of frequent flyers and millennials,” Tan said.

In 2016, travel accounted for 22 percent of all spend made on UOB credit and debit cards.

Of this, 37 percent was spent on flights, with the Singapore Airlines Group of carriers the top choice at 60 percent.

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