Is UOB One the Right Card for You?

UOB Singapore stands out as one of the largest financial institutions in the country, besides reflecting a strong foothold in the global market. The bank furnishes an array of financial services ranging across investment services, loans, fixed deposit, insurance, credit cards, debit cards, supplementary cards, payment plan and services, merchant services, card protection, and more.

In the credit card section, UOB offers a plethora of card types, accommodating various requirements of consumers. These include travel cards, rebates cards, rewards cards, and privileged lifestyle cards.

The UOB One is one such credit card in the rebates section. This card is considered one of the best in the rebates section, with the highest cash rebate of 5%. The percentage is based on a retail spend amount of S$2,000 per month for 3 consecutive months. The card entitles you up to S$80 cash credit when you apply for it, and upon creating an UOB One account, you receive an additional S$20.

Requirements for One Card and One Account

To apply for the UOB One Card as a Singaporean or a PR, it’s important that you either have a minimum annual income of S$30,000, or show a fixed deposit collateral of at least S$10,000. For foreigners, the minimum annual income should stand at S$40,000, or they must highlight a fixed deposit collateral of at least S$10,000.

On the other hand, to create a One Account, the initial amount dictated is S$500, and the individual must be 18 years or above.

Benefits and features of UOB One Card

There are an array of benefits tied with the UOB One Card. Let’s have a look at them:

• You can earn up to 3.33% cash rebate based on a monthly spend of S$500 or S$1,000 for each qualifying term. Basically, you can earn the quarterly cash rebate of S$50 or S$100 respectively with 5 minimum purchases. However, with a monthly spend of S$2,000 and 5 minimum purchases, you’re promised a quarterly cash rebate of S$300. This amount equals 5% cash rebate.
• All principal cardmembers of UOB One who have a minimum retail spend of S$500 for each qualifying period, have the opportunity to earn 10% rebate on mobile payments. However, to qualify for this offer, they must register before 31 October 2017 via SMS:- “10<space>NRIC Number/Passport Number as per bank’s records.

Additional benefits of UOB One Card:

• Customers can earn a deposit interest rate up to 3.33% p.a. on the UOB One Account.
• The card promises great fuel savings. Users are promised up to 20.8% at Shell and 24% at SPC.
• Besides, customers can earn an additional 10% SMART$ rebates at over 400 participating outlets.

Fees associated with UOB One Card

To hold on to an UOB One Principal Card, you have to pay an amount of S$192.60 on a yearly basis. The first-year card fee is waived off as part of the deal. On the other hand, if you’re applying for a supplementary card, the first one comes for free, while the subsequent ones would cost you S$96.30.

Why should you choose UOB One Card?

Besides being one of the most talked-about rebate card, there are other UOB Credit Card but the One Card would entitle you to several other significant benefits and rebates. Besides earning you significant rebate amounts on your purchases, the card also qualifies for great fuel savings. Moreover, it is tied with several key merchants in the Singapore market, and mobile payments guarantee you another round of rebate. Besides, creating and connecting with the UOB One Account increases up your rebate opportunities on the card.