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UOB One Credit Card Review
Spend smart and grow your savings with UOB’s generous rebate card.
The UOB One Credit Card is stated as being Singapore’s most generous rebate card and it’s easy to see why. As well as quarterly cash rebates when you meet your minimum spend, you can get rebates for paying your power bill or taking a Grab car. The deal is sweetened even more with fuel discounts and included travel insurance, plus you can grow your savings with bonus interest on your savings account.
If you like to spend but want to save as much as you can at the same time, the UOB One Credit Card is worth considering.
S$0 annual fee for 1 year - S$192.60 thereafter
Annual Fee
26.9%
Effective Interest Rate
S$30,000
Min Income - Singaporean and PR
Details
| Product Name | UOB One Credit Card |
|---|---|
| Reward | Get S$150 cash credit when you apply. Minimum S$1,500 spend within 30 days. First 200 eligible applicants only. |
| Effective Interest Rate | 26.9% |
| Interest Free Period | Up to 21 days |
| Minimum Monthly Repayment | 3% of current balance or S$50, whichever is higher, plus any overdue amounts |
| Go to site More Info |
Expert review
Review by
Zyane Tan
zyane.tan@finder.comZyane Tan is an associate editor at Finder. An experienced copywriter and content creator, Zyane enjoys writing on a wide array of subjects. When she’s not busy typing away, she’s reading and musing over a pint.
Expert review
Benefits of using a UOB One Card
- Welcome gift. Get S$150 cash credit when you apply. Minimum S$1,500 spend within 30 days. First 200 eligible applicants only.
- Fuel savings. Take advantage of up to 24% off at SPC and up to 20.8% off at Shell when you need to fill up.
- Rebates. Get up to 10% cashback on Grab. Earn up to 6% for your Singapore Power bill. Additional rebates apply if you qualify for your quarterly cash rebate.
- Quarterly cash rebate. Make at least 5 purchases a month with a minimum spend of S$500, S$1,000 or $2,000 on any purchases and receive a quarterly cash rebate.
- SMART$ rebate. Offset your next purchase at one of the hundreds of participating merchants with up to 10% SMART$ rebate. Enjoy exclusive rebates at partner shops like Breadtalk, Cold Storage and Guardian.
- Bonus interest. If you have a UOB One Account, you may enjoy up to 2.50% p.a. deposit interest rate when you use your UOB One Credit Card.
Features of the UOB One Card
- Annual fee. A yearly fee of S$192.60 applies for the principal card. Subsequent cards incur a fee of S$96.30 however the first card is free.
- Rebate calculator. Use the rebate calculator on the UOB website to keep track of your quarterly cash rebate and total cash rebate for the year.
- No need for multiple cards. Thanks to SimplyGo, you can use your UOB One Credit Card to pay for your public transport rides.
- Travel insurance. Your UOB One Credit Card provides you with up to S$50,000 for emergency medical assistance, evacuation and repatriation plus S$500,000 public conveyance personal accident coverage.
- Access to The Travel Insider. Get inspired for your next holiday, then plan and book it all in one place.
- Mobile payments. Use your mobile phone to tap and pay by adding your UOB One Credit Card to Google Pay, Apple Pay and more.
Additional considerations
In spite of the features above and their benefits, the UOB One Card does have a few shortcomings worth noting.
- No fee waiver beyond the first year
- Fewer cashback opportunities for low monthly spenders
- Cash rebates expire after 2 years
- Monthly cap on rebate applies
How do UOB rewards and rebates work?
With a UOB One Card, you’ll receive cash rebates shortly after the end of each quarter. These cash rebates expire in 2 years, and are non-refundable should you choose to close your UOB account.
How to apply for a UOB One Card
If the UOB One Card sounds like the card for you, you can start your application by clicking on the green ‘Go to site’ button at the top of this page. Existing UOB account holders can apply through internet banking, with instant approval for applications submitted between 7 am and 8 pm. Principal credit card customers can also start an application by sending an SMS.
Before applying, you should make sure that you meet the eligibility criteria and have the correct required documents ready to go.
Eligibility criteria
- At least 21 years old
- Annual income of at least S$30,000 for Singapore citizens and permanent residents or S$40,000 for foreigners; or
- At least S$10,000 fixed deposit collateral
