LUCKY DRAW | 1.7% Unlimited 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
MoneySmart Exclusive

[LUCKY DRAW]
Stand a chance to win a Cartier Santos-Dumont Watch - Large Model, Blue (worth S$6,000) or an Apple 11-inch iPad Air WiFi, 128GB (worth S$899) or a Sony PlayStation 5 SLIM Digital Edition (worth S$669) when you apply and spend a min. of S$1,000 in Eligible Transactions each month for the first two consecutive months from the card approval date. T&Cs apply.
 
PLUS get S$350 Cash Credit from UOB when you are the first 200 new-to-UOB credit card customers in July 2024 who successfully apply for an eligible UOB Credit Card and spend a min. of S$1,000 per month for 2 consecutive months from their card approval date. T&Cs apply.

Valid until 11 Aug 2024 - See more details below

Are you eligible?

    • Promotion is valid from 12-July-2024 to 11-August-2024

    • Applicable for New-to card holders only

    • Customers need to apply through MoneySmart to be eligible

What you need to know

  1. Get S$350 Cash Credit from UOB when you are the first 200 new-to-UOB credit card customers in July 2024 who successfully apply for an eligible UOB Credit Card and spend a min. of S$1,000 per month for 2 consecutive months from their card approval date. T&Cs apply.

  2. 3 Winners can stand a chance to win a Cartier Santos-Dumont Watch - Large Model, Blue (worth S$6,000) or an Apple 11-inch iPad Air WiFi, 128GB (worth S$899) or a Sony PlayStation 5 SLIM Digital Edition (worth S$669) when you meet the relevant criteria in the MoneySmart x UOB Cashback Lucky Draw. T&Cs apply.

  3. Additionally, log into your MoneySmart account and submit a claim by 11th September 2024 in order to qualify for our MoneySmart Exclusive offers.

T&Cs
FAQ
Claim Form

Quick Facts

Get the maximum value by

Using this card for all your big ticket purchases such as home furnishings, electronics and luxury shopping.

Good for

Individuals looking for a simple and fuss-free cashback credit card with the highest cashback that is automatically offset in your next month’s statement

Categories to maximise this card

Spend in all (and we mean ALL) categories (including Insurance, School fees, Healthcare, Bills and more)

What people use it for

ALL spends

Get if

You don’t like to worry about missing cashback for excluded categories or fussing over the need to calculate and redeem your cashback

All Details

Disclaimer: At MoneySmart.sg, we strive to keep our information accurate and up to date. This information may be different than what you see when you visit a financial institution, service provider or specific product’s site. All financial products and services are presented without warranty. Additionally, this site may be compensated through third party advertisers. However, the results of our comparison tools which are not marked as sponsored are always based on objective analysis first.

UOB Absolute Cashback Card Review 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.

Pros & Cons

Pros

  • 1.7% unlimited cashback on groceries, insurance, home furnishings, electronics and luxury shopping
  • 1.7% unlimited cashback on overseas spend
  • 3% cashback on overseas spend (including online, promotion until 30 June 2024)
  • 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
  • A minimum spending of S$1,500 is required to earn the 1.3% bonus cashback as part of the 3% cashback promotion for overseas spend (until 30 June 2024)
  • 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.

UOB Absolute Cashback CardHSBC Visa Platinum CardCiti 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:
  • $30,000 for Singaporeans and PRs
  • $40,000 for foreigners
Minimum annual income:
  • $30,000-$40,000 for Singaporeans and PRs
  • $40,000 for foreigners
Minimum annual income:
  • $30,000 for Singaporeans and PRs
  • $42,000 for foreigners
Cashback benefits:
  • 1.7% unlimited cashback on groceries, insurance, home furnishings, electronics and luxury shopping
  • 1.7% unlimited cashback on overseas spend
  • 3% cashback on overseas spend (including online, promotion until 30 June 2024)
  • 0.3% unlimited cashback on generally excluded categories i.e. utilities and telco bills, school fees, healthcare, Grab mobile wallet top-up, and government services
  • Up to 14% to 15% fuel savings at Shell and SPC
  • Exclusive access to UOB Rewards+ via the UOB TMRW mobile app that features weekly UOB Coupons, shopping offers, travel deals, dining promotions and more
Cashback benefits:
  • 5% cash rebate on local dining and groceries (food deliveries and online groceries included
  • Up to 21.15% fuel savings at Caltex and Shell
  • 1X Reward point per dollar spent
  • Annual fee waiver available
  • Exclusive access to HSBC ENTERTAINER with HSBC Singapore mobile app, enjoy over 1,000 worldwide 1-for-1 deals on dining, lifestyle and travel
Cashback benefits:
  • 1.6% cash back on eligible spend all year round
  • No expiry for cash back earned
  • 1X Reward point per dollar spent
  • Earn 0.4% Bonus Cash Back on eligible spend (only valid for Citi Plus customers who are Primary Account Holders of a Citi Interest Booster Account
  • Up to S$1 million coverage for purchases of travel tickets

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

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).