United Overseas Bank Malaysia or UOB Malaysia is a leading bank in Singapore, incorporated in Malaysia in 1993. United Overseas Bank Malaysia is a foreign bank operating the largest branch network in Malaysia with 41 branches. UOB Malaysia more than doubled its capital to RM470 million after its merger with Chung Khiaw Bank Malaysia in June 1997. In February 2002, UOB Malaysia merged into one legal entity with Overseas Union Bank Malaysia. UOB has earned awards and achievements each year since 1999. In 2006, Euromoney titled it Best FIG Borrower in Asia.
United Overseas Bank: Types of Credit Cards
UOB was awarded for Innovation in Cards (UOB Lady’s Platinum MasterCard) in 2005. UOB Malaysia offers various credit cards to suit every individual’s lifestyle. Each card comes loaded with distinct privileges and rewards. The various cards offered include:
MIDAS Platinum Card: Ownership of the MIDAS card and the MIDAS Club membership are available only on invitation. The features of this card include:
- Chargeable above the credit limit
- Relationship Managers handle all banking needs
- The MIDAS protection scheme covers outstanding balance of up to RM200,000 in the event of permanent disability or death
- MIDAS Travel Insurance cover of up to RM2 million
- Credit reserve of up to RM1 million for personal investment
UOB Preferred Platinum: There is no pre-set credit limit for this card, since the limit gets adjusted against your purchasing habits. Its features include:
- Chargeable beyond the credit limit
- Earned air-miles can be redeemed for free flights in selected airlines.
- Flight tickets charged to the card can be used to earn free Travel Accident Coverage of up to RM2 million
- UOB hotel & dining privileges
- Interest-free repayments for up to 12 months through the installment payment plan (IPP)
- Free one night’s stay at a 5-star hotel
UOB Lady’s Card: The Lady’s Card offers excellent benefits, perks and privileges only to ladies:
- Get up to 20% discount at select fashion stores
- Exciting packages on beauty, health and wellness
- 0% installment payment plan
- Balance Transfer Program
- Outstanding balance coverage between RM50,000 and RM300,000 is awarded in the event of death or permanent disability
UOB VOX Card: This is the trendiest card issued by UOB and offers many rewards as well as financial flexibility. Its features include:
- Welcome vouchers can be redeemed at branded stores, such as Fila, Puma and Aigner
- Up to 3% cash rebates on every transactions
- Up to 50% discounts at more than 30 merchants
- Offers on various clubs countrywide
- Contactless card
- 0% installment payment plan
- Balance transfer program
‘United Overseas Bank’ and ‘UOB’ are trademarks of United Overseas Bank Limited Co., who can be found at www.uobgroup.com.