UOB
Up to 10% cashback on local daily spend and up to 3.4% p.a. interest on your One Account when you spend with UOB One Card. Waived first year fee, easy salary requirements.
Introducing the UOB One Credit Card
The UOB One Card stands out in Singapore’s cashback credit card market, boasting up to 10% cashback on daily essentials. Interest on the linked UOB One Account reaches up to 3.4% p.a., making it competitive for both spenders and savers.
The card offers flexible tiers, starting from a minimum S$600 spend per month for basic cashback benefits. Higher spenders (S$2,000 monthly) unlock maximum rewards. Singaporeans and PRs need a minimum annual income of S$30,000 (or S$40,000 for foreigners).
The annual fee is S$196.20 but is waived for the first year. You enjoy an instant card approval through Myinfo, and supplementary card options are available to enhance family rewards.
With convenient digital application and additional savings at petrol stations, this card targets families and individuals who prioritise everyday spending and value-added savings.
How to Apply: Step by Step
- Visit the UOB Cards application portal
- Log in via Singpass (Myinfo) or UOB Internet Banking for a fast process
- Submit your personal and income documents
- Receive instant approval if eligible
- Activate your card upon receipt using digital banking or call centre
Pros of the UOB One Card
First, UOB One Card’s top feature is its high cashback rates on frequent spending categories such as groceries, transport, and online shopping. This helps users save more on daily life.
Moreover, pairing the card with a UOB One Account automatically boosts your savings interest rate up to 3.4% p.a. upon fulfilling spend and salary/ GIRO requirements, offering a dual benefit.
Cons to Consider
On the downside, the cashback system involves tiered spending and a minimum number of transactions. This can be challenging for users whose monthly expenses fluctuate or who don’t shop frequently.
Also, certain exclusions apply to cashback eligibility. Payments to specific merchants or categories may not always qualify, so users must read the fine print and track their transactions closely.
Our Verdict
The UOB One Card is one of Singapore’s strongest cashback credit cards, ideal for those who consistently spend across eligible categories and want to boost their savings interest at the same time. However, ensure you can meet the required spend and number of transactions to maximise rewards.
