Compare the Best UOB Cashback Credit Cards in Singapore 2018

Updated August 2018

Earn up to 8% cash rebates with a cashback credit card. Compare and find the best UOB cashback credit card to earn the highest rebates based on your spending habits.

Other Cash Back Cards
UOB One Card
Very Good
UOB One Card
Very Good

Up to 5%

Cash Back on All Spend

S$300

Cash Back Cap per quarter

S$2000

Min. Spend per month, per quarter

  • 1 Million $1 Deals Weekly Deal: Get Feathersoft 3 Ply Tissues Pack (4x100s) for S$1 (U.P. S$3.60)
  • Get up to $250 Cash Credit when you apply online

Cash Back Features

  • Up to 5% cash rebate on all spend for spend above S$2,000/month per quarter (up to 3.33% cash rebate for spend of $500 or $1,000 monthly)
  • Up to 10% additional SMART$ rebate with UOB SMART$ Rebate Programme

Annual Rates

Principle Annual Fee
$193
Supplementary Annual Fee
1st supplementary card free; $96.30 for subsequent cards
Fee Waiver
1 year fee waiver, perpetual fee waiver for first supplementary card
Annual Interest Rate
25.90%

Eligibility

Singaporean Minimum Income
$30,000
Non-Singaporean Minimum Income
$40,000
UOB Delight Card
Very Good
UOB Delight Card
Very Good

Up to 8%

Cash Back at Selected Grocery Stores

S$50

Cash Back Cap per month

S$800

Min. Spend per month

  • Get up to $250 cash credit when you apply online and for the One Account

Cash Back Features

  • 8% or 3% cash rebate at Cold Storage, Market Place, Jasons, Giant, and Guardian. Minimum spend: S$800/S$400 per month respectively
  • 3% cash rebate on ALL contactless transactions and selected recurring bills. Minimum spend: S$400/month
  • Cash rebate cap: S$50/month, no cap on SMART$ earned at SMART$ Merchants.
  • Base rate: 0.3% cashback on spends less than S$400 and on all other spend

Annual Rates

Principle Annual Fee
$86
Supplementary Annual Fee
53.5
Fee Waiver
1 year fee waiver, perpetual fee waiver for first supplementary card
Annual Interest Rate
25.90%

Eligibility

Singaporean Minimum Income
$30,000
Non-Singaporean Minimum Income
$40,000
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What is a Cashback Credit Card?

Cashback credit cards fall under the broader category of rewards credit cards, where consumers accumulate points for every dollar charged to the card. These points can then be redeemed for “rewards” such as gift vouchers, appliances, etc.

A cashback credit card, however, rewards you with a cash rebate instead. This amount varies quite a lot among credit cards but typically falls between 1% and 5%, though some credit cards have attractive bonus cash rebates to reward certain types of spending.

Cashback Credit Cards 101s

New to the world of cashback credit cards? Here are the key features you need to know before you sign up.

Basic Cashback

Also known as “base rate”, this is the standard cash rebate you can expect to receive on your purchases, regardless or when, where, how or with whom it’s made. Typically this falls around 0.25% and up.

Bonus Cashback

Many credit cards offer tie-ups with brands and retailers ranging from Uber to Sheng Siong, offering higher cashback rates (as high as 8%). Some also offer higher rates for specific types of spending, e.g. online purchases, telco bills. Note the fine print on these and be sure they are a good fit for your actual spending habits.

Introductory Promotions

Some cards offer introductory cashback promotions such as a higher rate for the first few months or a $100 bonus with your first purchase. Be aware of the limited nature of these promotions and of any terms & conditions.

Other Things to Take Note of

Don’t be too seduced by claims that sound too good to be true. That big red “20% CASH REBATE!!!” line splashed all over the brochure probably comes with a catch. To prevent disappointment, read the terms & conditions carefully and note the following:

Minimum Spend

Certain attractive cashback rates only apply for hefty minimum spends, say of $2,000 and up. If your planned expenditure is nowhere near that minimum, it makes little sense to apply for the card.

Cashback Cap

Credit card issuers often have a cap on how much cash rebate you can earn per quarter. You may be surprised to find that your 20% cashback only has a $10 cap.

More From The MoneySmart Blog

Check out our blog for more personal finance tips and insights.

Frequently Asked Questions

Who should get a cashback credit card?

Cashback credit cards are good entry-level cards for everyday use. They typically come with low income requirements (usually around $30,000 annually) which most young working adults can hit fairly easily, and in most cases annual fees are waived. They are also set up such that you can enjoy some form of cash rebate even if you don’t spend a huge amount of money, so you can still enjoy their benefits even if you live quite a frugal lifestyle.

How do I choose the best cashback credit card for me?

You can get the most out of your cashback credit card if you pick one that is perfectly aligned to your actual spending habits. For example, if you spend a lot on clubbing or online shopping, look for a card that offers hefty bonus cashback rates (these can be as high as 8%) on these categories or merchants. If you are not a particularly big spender in any one category, pick the card with the highest base rate, provided you can meet the minimum spend requirements.

Do I really get my rebate in cold hard cash?

While we would dearly love to receive a cheque or a nice wad of cash every month, this isn’t usually how credit card cash rebates are paid out these days. Instead, the cashback amount is credited to your account, effectively giving you a discount off your next credit card bill.