UOB One Card is a charge card with a noteworthy level pace of up to 5% money back for all buys. That sounds unrealistic, and it comes with a catch (we’ll get to it without further ado!). Cardholders can support this refund much further by getting up to 10% on-the-spot SMART$ discounts at more than 400 partaking vendors, one of the most noteworthy money discount offers available.
Different advantages of UOB One Card incorporate a 0% portion arrangement which is a helpful alternative for those of you who need to make costly buys on layaway. This current card’s refund structure can be very confounding from the outset (and second, and third look), however don’t stress, we’ve have spread out all the primary advantages of this card in this UOB One Card survey with the goal that you can choose for yourself if this card is directly for you!
Things We Like About UOB One Card
Yearly charge waiver. It has a $192.60 yearly charge (deferred for the main year). The main strengthening card is free (as long as the chief card is legitimate) and the second advantageous card costs $64.20 per annum.
Win up to 5% cashback on all spending. You don’t procure cashback as a real level of the sum you spend. Or maybe, you get a fixed measure of cashback after you spend a specific sum. The fine print is befuddling, so we’ll separate it for you here. Fundamentally, there are 3 spending levels:
On the off chance that you spend at least $500 per month (for 3 straight months) on at any rate 5 buys a month, you will procure $50 in cashback for those 3 months. That $50 cashback comes to 3.33% of $1,500 ($500 every month for every one of the 3 months).
On the off chance that you spend at least $1000 every month (for 3 straight months) on in any event 5 buys a month, you will acquire $100 cashback after those 3 months. This $100 cashback is proportionate to 3.33% of $3000 ($1000 month to month going through for 3 months).
In the event that you spend at any rate $2000 every month (for 3 straight months) on at any rate 5 buys a month, you will gain an aggregate of $300 cashback for those 3 months. That $300 is proportionate to 5% of $6000 ($2000 month to month going through for 3 months)!
Your first passing quarter begins from the month you are affirmed for the card.
For those of you who will just spend a limited quantity of cash on your charge card (this one specifically), at that point monitoring the amount you spend and what number of exchanges you make each month utilizing this card will be an extremely dull undertaking.
In the event that you don’t meet the base criteria for every one of the 3 articulation time frames in that quarter, you won’t acquire the 3.33% or 5%. Be that as it may, in the event that you plan to utilize this card in all respects much of the time and spend at any rate $500 per month, at that point you won’t confront the issue of not meeting the criteria. Since this card gives you a chance to gain cashback on the entirety of your spending, it’s the perfect card to use to pay for the majority of your month to month costs.
Win up to 10% extra moment money discount with SMART$. Procure up to 10% moment money discounts with the UOB SMART$ program at more than 400 taking part dealers – 1 SMART$ is identical to $1. This is an extremely extraordinary idea since SMART$ moment refunds are extra to the standard 3.33% (or 5%) discount you win on your buys which can make an aggregate of up to 23.33% in real money discounts (or 25% with $2000 month to month spending)!
You can get a 0% portion arrangement. The UOB 0% Installment Payment Plan gives you intrigue free portion installments of as long as three years for items that you can discover at in excess of 4,000 partaking dealer outlets. Terms and conditions apply. Paying for expensive buys gradually with numerous regularly scheduled payments can be simpler on your wallet than purchasing stuff in real money.
Visa payWave alternative. Pay for exchanges under $100 rapidly and effectively with the contactless and secure Visa payWave. Simply wave your card before a protected card peruser and make your buys – simple! A considerable lot of the well known shippers in Singapore (particularly chain stores and cafés) acknowledge payWave.
UOB feasting and stimulation benefits. Like to get yourself feasting out? At that point you’ll cherish UOB feasting benefits, giving cardholders arrangements and limits at more than 1,000 eating foundations in Singapore and crosswise over Asia.
Our Least Favorite Things About UOB One Card
$500 least month to month spending to win cashback. The cashback of up to 5% offered by the new restricted release UOB One Card is incredible in the event that you burn through $2000 or all the more month to month. However, the new card necessitates that you spend in any event $500 every month to acquire 3.33% cashback (the base spend was $300 on the normal card). In the event that you burn through $500 or all the more month to month with your Mastercard, this won’t be an issue.
Quarterly spending levels. You should spend a specific sum for 3 months in a row to procure the great discounts. For instance, you should spend at least $500 for a full quarter (January-March, April-June, and so on.) to procure $50 cashback for those 3 months, $1000 every month for a multi month quarter to gain the $100 for that quarter, or $2000 every month to acquire $300 for a multi month time frame. This card will work best on the off chance that you go through a similar sum with your card each month. That way you will realize precisely the amount you are sparing.
In general UOB One Card is outstanding amongst other Mastercards in Singapore in the event that you are searching for a one-stop answer for procure high cashback on the entirety of your spending. With a base month to month spend of $500 (and at least 5 buys) so as to fit the bill for the 3.33% refund, the conditions are not hard to meet, and on the off chance that you charge $2000 in installments to this card you can win a wonderful 5% cashback.
Further advantages UOB One Card brings to the table incorporate UOB eating benefits and the SMART$ prizes program (up to 10% SMART$ discounts at certain shippers), in addition to a decent rundown of UOB benefits and arrangements at cafés and different dealers. Cash the board choices, for example, the 0% portion arrangement are likewise extremely valuable when arranging your accounts, helping you spread out expenses to maintain a strategic distance from singular amounts. This card is open to most Singaporeans, with a standard yearly pay prerequisite of $30,000 for Singapore natives and $40,000 for outsiders.