In this ever-evolving landscape of financial products, the UOB One Credit Card has emerged as one of the cards sitting in our wallets because of the UOB One Account (and partly because another bank only accepts salary giro’ed as a condition before giving the salary bonus leading to multiple rounds of appeals and trips to the physical branch, many phone calls and hours zzz).
You can earn up to 6.0% p.a interest on savings with UOB One Account by crediting your salary every month, or make three GIRO transactions monthly and spend a minimum of S$500 on a UOB credit card. That aside, this card is a good choice for Singaporeans seeking to maximise their savings through cashback rewards. It offers an impressive array of benefits for savvy consumers to get the most value out of everyday spending.
Source: UOB
Up to 10% cashback on daily spend
At the heart of this card's appeal is its robust cashback program. Cardholders can enjoy up to 10% cashback on a wide range of everyday expenses, including dining, groceries, transportation, and online shopping. This makes the UOB One Card an excellent choice for individuals and families looking to save on essential purchases. The card’s tiered cashback structure ensures that the more you spend, the more you save, with a maximum cashback cap that encourages higher spending for greater rewards.
Up to 10% cashback on dining at McDonald's and GrabFood
Up to 10% cashback at Cold Storage, CS Fresh, Giant, 7-Eleven, Guardian, Shopee Singapore and more
Up to 10% cashback on Grab, SimplyGo (bus and MRT rides) and UOB travel
Up to 4.33% cashback on Singapore Power utilities bills
Up to 24% fuel savings at Shell and SPC
Other retail spending will be eligible for up to 3.33% cashback based on a retail spend of $2,000, $1,000 or $500 and min. 5 transactions per statement month for each qualifying quarter to earn the quarterly cashback of $200, $100 or $50 respectively. Exclusions apply.
Flexibility and Convenience
One of the standout features of the UOB One Card is its flexibility. Unlike many other cashback cards that restrict rewards to specific categories or merchants, the UOB One Card provides cashback on all retail spend, making it incredibly versatile. Whether you are paying for your morning coffee, booking a holiday, or others, you can be assured that every dollar spent contributes to your cashback earnings.
Quarterly Rebates and High Cashback Potential
The UOB One Card’s unique rebate structure rewards consistent spending. To unlock the highest cashback tier, cardholders must meet a minimum spend requirement of $500, $1,000, or $2,000 per month for each calendar quarter. Meeting these requirements will boost your cashback percentage and allows you to receive quarterly rebates but be mindful not to overspend. Do live within your means.
Additional Privileges
Beyond its range of cashback offerings, when you travel with your UOB One Credit Card, there are additional benefits designed to enhance the overall cardholder experience. These include
Public Conveyance Personal Accident coverage of $500,000
Emergency Medical Assistance, Evacuation & Repatriation coverage of up to $50,000 due to an accident or illness including due to COVID-19
Nevertheless, if you are looking at more travel parks like clocking miles, complimentary lounge access, airport transfers, or free hotel stays, this is not the card to get, its more for cashback.
Eligibility and Fees
Age: 21 years and above
Singaporean/PR: Minimum annual income of S$30,000 or Fixed Deposit collateral of at least $10,000, terms and conditions apply
Fees: Principal card: $196.20 (first year fee wavied), 1st Supplementary Card: Free, 2nd Supplementary Card onwards: $98.10
Late payment charges: $100 if minimum payment is not received by due date
Overlimit fee: $40 will be imposed if the total outstanding Card Account balance exceeds the total Credit Limit at any time
Do check all the terms and conditions of the card and UOB general information before deciding.
For Singaporeans seeking a credit card that delivers value through cashback rewards, the UOB One Credit Card is an option due to its combination of high cashback rates, flexibility across spending categories, and strategic partnerships with various platforms. Whether you are a daily commuter, an avid online shopper, or someone who enjoys dining out, the card offers a blend of rewards and convenience, making every dollar spent work harder for you. Remember to login to UOB TMRW app to track and monitor your transactions too.
Cast Your Financial Spells Wisely,
Value Vaulter
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