UOB defends its KrisFlyer UOB account
Product designed for customers who want travel perks in lieu of earning interest, it says in response to critical blog post
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Singapore
UNITED Overseas Bank said on Thursday that its new current account product does work for those who want to earn airmiles as they spend and save.
The bank was defending its KrisFlyer UOB account launched on Tuesday after blogger Aaron Wong trashed it, saying among other things that no interest is earned on the account and that the 5 per cent bonus cap makes the "effective miles per dollar lower the more you spend".
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