UOB Absolute Cashback Card
UOB Absolute Cashback Card
Unlimited 1.7% Cashback
Enjoy 1.7% limitless cashback with no minimum spend and no spend exclusions! Get cashback on all your big purchases be it luxury shopping, home furnishing and travel bookings with the UOB Absolute Cashback Card!
- 1.7%
- Cash Back on Eligible Spend
- S$0
- Min. Spend per month
- Unlimited
- Cash Back Cap
Online Promo
Get a Samsonite EVOA Z Spinner 25'' Exp Luggage (worth S$730) when you apply for a UOB Absolute Cashback Card, spend min. S$1,000 spend per month for 2 consecutive months from card approval date AND pay the first year annual fee payment of S$180 (subject to prevailing GST). SMS Registration required. T&Cs apply.
PLUS enjoy 5% cashback (capped at S$50) on the transactions charged within thirty days from card approval date. No cap on the number of eligible customers.
PLUS enjoy 5% cashback (capped at S$50) on the transactions charged within thirty days from card approval date. No cap on the number of eligible customers.
Are you eligible?
- Only open to individuals who are new to United Overseas Bank Limited (“UOB”) credit cards
- Register by sending an SMS: ABAF‹space›last 4 alphanumeric of NRIC/passport registered with UOB to 77862
What you need to know
- Samsonite Luggage: spend a min of S$1,000 per month for 2 consecutive months from card approval date
- AND Pay Card's Annual Fee of S$(180 subject to prevailing GST). SMS registration is required.
- S$50 Cashback*: enjoy 5% Cashback on the transactions charged within thirty days from card approval date.
- *Cashback is capped at S$50. No cap on number of eligible customers
All Details
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UOB Absolute Cashback Card Benefits 2024
Known for its "no spend exclusion" benefit for cashback perks, the UOB Absolute Cashback Card has been refreshed and now features a cashback rate of 1.7% with no minimum spend requirement or spend cap, making it the highest in the market among cards with no minimum spend requirement.
Moreover, this card stands out for its unique feature of allowing cashback earnings on payments like taxes and insurance. If you’re still thinking about whether to get the UOB Absolute Cashback Card, let’s consider the requirements, pros and cons and other related factors before you arrive at your final decision.
Moreover, this card stands out for its unique feature of allowing cashback earnings on payments like taxes and insurance. If you’re still thinking about whether to get the UOB Absolute Cashback Card, let’s consider the requirements, pros and cons and other related factors before you arrive at your final decision.
Pros & Cons Of UOB Absolute Cashback Card
Pros
- 1.7% unlimited cashback on groceries, insurance, home furnishings, electronics and luxury shopping
- 1.7% unlimited cashback on overseas spend
- 0.3% limitless cashback on categories like healthcare, school fees, utilities and telco bills, Grab mobile wallet top-up, and government services
- Up to 14% fuel savings at Shell
- Up to 15% fuel savings at SPC
- Annual fee waiver available for first year only
- Exclusive access to shopping offers, travel deals, weekly UOB Coupons, and more within UOB Rewards+ on UOB TMRW
Cons
- Interest rate of 27.80%, which is higher than other cashback credit cards in the market
- Charges annual fee after the first year unlike other cashback credit cards like Standard Chartered Smart Credit Card and CIMB Visa Infinite Card
Compare UOB Absolute Cashback Card vs. HSBC Visa Platinum Card vs. Citi Cash Back + Card
The standout feature of the UOB Absolute Cashback Card is its uniform cashback rate on all expenditures, coupled with the absence of minimum spending prerequisites or cashback limitations.
Currently, it leads the pack as the most generous option in its category, particularly among entry-level cards in the market. When compared to the other popular cashback cards like HSBC Visa Platinum Card and Citi Cash Back+ Card, it furnishes a more generous 1.7% cashback on every purchase, making it a highly attractive choice for individuals seeking consistent rewards without the hassle of meeting minimum spending thresholds.
Although the HSBC Visa Platinum Card offers a higher cashback of up to 5% for spending on local dining and groceries (food deliveries and online groceries included), it still can’t match up to UOB Absolute Cashback Card’s greater flexibility in the cashback spending categories. Moreover, it has a minimum spending requirement of S$600 monthly in a calendar quarter to earn the 5% cashback.
When it comes to annual fee, the HSBC Visa Platinum charges the highest as compared to the UOB Absolute Cashback Card and Citi Cash Back+ Card. As for interest rate, the UOB Absolute Cashback Card is the most affordable, followed by Citi Cash Back+ Card, and lastly HSBC Visa Platinum.
Currently, it leads the pack as the most generous option in its category, particularly among entry-level cards in the market. When compared to the other popular cashback cards like HSBC Visa Platinum Card and Citi Cash Back+ Card, it furnishes a more generous 1.7% cashback on every purchase, making it a highly attractive choice for individuals seeking consistent rewards without the hassle of meeting minimum spending thresholds.
Although the HSBC Visa Platinum Card offers a higher cashback of up to 5% for spending on local dining and groceries (food deliveries and online groceries included), it still can’t match up to UOB Absolute Cashback Card’s greater flexibility in the cashback spending categories. Moreover, it has a minimum spending requirement of S$600 monthly in a calendar quarter to earn the 5% cashback.
When it comes to annual fee, the HSBC Visa Platinum charges the highest as compared to the UOB Absolute Cashback Card and Citi Cash Back+ Card. As for interest rate, the UOB Absolute Cashback Card is the most affordable, followed by Citi Cash Back+ Card, and lastly HSBC Visa Platinum.
| UOB Absolute Cashback Card | HSBC Visa Platinum Card | Citi Cash Back + Card |
|---|---|---|
| Interest rate: From 27.80% | Interest rate: From 26.90% | Interest rate: From 27.90% |
| Annual fee: $196.20 (first year waiver available) | Annual fee: $196.20 (waiver available) | Annual fee: $196.20 (first year waiver available) |
Minimum annual income:
| Minimum annual income:
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Cashback benefits:
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Find Out More About The UOB Absolute Cashback Card In Our Blog Article!
UOB Absolute Cashback Card Application
Here are 3 simple steps to apply for the UOB Absolute Cashback Card
Step 1
Apply via MoneySmart’s credit cards page
You may begin your application by clicking on our UOB Absolute Cashback Card's application link.
When you choose to apply online via SingPass MyInfo, UOB will pull your identity and income data from SingPass (which is already verified), thus cutting short the processing time. The approval-in-principle page will appear within minutes of submitting your MyInfo.
Step 2
Provide all documentation required
You’ll need to provide all the necessary documentation in order for UOB to approve your credit card application. This list of documents include:
- NRIC or other identification details
- Latest computerised payslip
- Latest 12 months’ CPF Contribution History Statement
- Latest Income Tax Notice of Assessment (NOA)
Step 3
Receive your UOB Absolute Cashback Card
You’ll be able to activate your UOB Absolute Cashback Card through UOB TMRW mobile app, and enter a One-Time Password (OTP) after keying in your 6-digit Online Banking PIN to secure all your credit card transactions.
Thereafter, it’s ready for you to use on any of your purchases and you can track your cashback rewards and credit card statements with your UOB TMRW mobile app!
Frequently Asked Questions About UOB Absolute Cashback Card
Are there any fees if I apply for the UOB Absolute Cashback Card?
- The UOB Absolute Cashback Card charges an annual fee of $196.20 (first year waiver available) and other fees like late payment fee, minimum monthly payment, foreign currency transaction fee, cash advance transaction fee, overlimit fee.
Am I eligible for the UOB Absolute Cashback Card?
- If you’re a Singapore Citizen, Permanent Resident (PR), you’re eligible to apply for the UOB Absolute Cashback Card, as long as you’re aged between 21 and above, and earn a minimum annual income of $30,000 (for Singaporeans and PRs) or $40,000 (for foreigners).