UOB One vs HSBC Visa Platinum vs Citi Cash Back: Comparison

Choices are never easy. That’s why, we do the math, so you don’t have to. Compare This, a SingSaver series, is here to help make decisions a little easier for you.

UOB One, HSBC Visa Platinum and Citi Cash Back let you enjoy over 20% in petrol savings. Learn how to maximise your cashback with these rewarding credit cards.

UOB One, HSBC Visa Platinum and Citi Cash Back credit cards aren’t immediately comparable at first glance, but there’s more than meets the eye. For starters, all of them let you enjoy over 20% in petrol savings.

That’s not all they have to offer. Below, we break down their similarities and differences, pros and cons all in the name of helping you discover which one could be the best fit for you, your lifestyle and spending habits.

Similarities between these cashback cards
Comparison #1: Cashback workings
Comparison #2: Minimum spend required to earn high cashback
Comparison #3: Cashback cap
Comparison #4: Annual fee waiver
Comparison #5: Extra perks
Conclusion: Which one should you choose?

UOB One vs HSBC Visa Platinum vs Citi Cash Back

Credit card	Key benefits
UOB One	Up to 5% cash rebate on all eligible spend Up to 24% fuel savings at SPC
HSBC Visa Platinum	5% rebate on local dining, fuel and groceries (including online groceries) Up to 21.15% fuel savings at Caltex
Citi Cash Back	8% cashback on petrol and groceries, 6% on dining Up to 20.88% fuel savings at Esso and Shell

What these cashback credit cards have in common

UOB One, HSBC Visa Platinum and Citi Cash Back require cardmembers to make a minimum monthly spend in order to earn high cashback on their purchases. They are all fantastic options for fuel savings, dining, grocery shopping and more.

Another similarity these three cashback credit cards share? The S$30,000 minimum annual income requirement.

How these cashback credit cards differ

Comparison #1: Cashback workings

	UOB One	HSBC Visa Platinum	Citi Cash Back
Cashback workings	Up to 5% cash rebate on all eligible spend Extra 5% cash rebate on Dairy Farm Singapore, Grab, Shopee Singapore and UOB Travel transactions when you qualify for your quarterly cash rebate, capped at S$100 per month Up to 24% fuel savings at SPC Extra 1% cash rebate on SP Group utilities bills when you qualify for your quarterly cash rebate, excluding payments via AXS	5% rebate on local dining, fuel and groceries (including online groceries) Up to 21.15% fuel savings at Caltex	8% cashback on petrol and grocery shopping, both online and at major supermarkets 6% cashback on dining at restaurants, cafes, fast food eateries, and caterers Up to 20.88% fuel savings at Esso and Shell Unlimited 0.25% cashback on other spend

UOB One, HSBC Visa Platinum and Citi Cash Back are good options for those looking to earn considerably high cashback on their purchases. Car owners and ride-hailing drivers should definitely look into them too, as all three cards offer significant fuel savings, making them worthy contenders for shaving monthly fuel bills.

To maximise your fuel savings, be sure to:

Use the SPC&U Card discount along with UOB One to get up to 24% savings at SPC
Use the CaltexGO Payment discount or Indoor & Outdoor Fuel Payment discount along with HSBC Visa Platinum to enjoy up to 21.15% fuel savings at Caltex
Pair Citi Cash Back with the Esso station or Shell site discount and Esso Smiles Card or Shell Escape discount to enjoy up to 20.88% fuel savings at Esso and Shell

Comparison #2: Minimum spend required to earn high cashback

	UOB One	HSBC Visa Platinum	Citi Cash Back
Minimum spend required to earn high cashback	$2,000 per statement month for each qualifying quarter to earn 5% cash rebate S$1,000 or S$500 per statement month for each qualifying quarter to earn 3.33% cash rebate	S$600 monthly in a calendar quarter	S$800 in a statement month

UOB One gives you more flexibility in determining your minimum spend hence cashback you can expect to earn on your expenses. However, take note that you’ll need to make a minimum of five transactions per statement month, in addition to hitting the minimum spend, if you want to bag the quarterly cash rebate.

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Comparison #3: Cashback cap

	UOB One	HSBC Visa Platinum	Citi Cash Back
Cashback cap	Quarterly cash rebate cap of S$300, S$100 or S$50 depending on spend tier Extra 5% and 1% cash rebate capped at S$100 per month	Quarterly rebate cap of S$250	S$80 per statement month

Take your spending habits into consideration when picking the right card for yourself. Keep in mind UOB One lets you earn cashback on all eligible purchases you make while HSBC Visa Platinum and Citi Cash Back dole out high cashback on specific categories.

UOB One’s 3.33% or 5% rebate on all eligible spending — including petrol — forms part of the up to 24% fuel savings you can enjoy at SPC. The 3.33% or 5% rebate earned on your fuel purchases counts towards the S$50, S$100 or S$300 quarterly cash rebate.

HSBC Visa Platinum’s 5% rebate on fuel forms part of the up to 21.15% fuel savings you can enjoy at Caltex. The 5% rebate earned on fuel purchases count towards the S$250 quarterly rebate cap.

For Citi Cash Back, the 8% cashback you can earn on petrol spending forms part of the up to 20.88% fuel savings you can enjoy at Esso and Shell. This 8% cashback counts towards the S$80 Citi Cash Back cap that applies across categories per statement month.

For all three credit cards, you’ll still get to enjoy the other discounts available even if you’ve hit the cashback cap associated with your card’s rewards programme. These include:

SPC&U and UOB debit/credit card discounts
CaltexGO Payment and Indoor & Outdoor Fuel Payment discounts
Esso station, Shell site, Esso Smiles Card, Shell Escape and Citi card discounts

Comparison #4: Annual fee waiver

	UOB One	HSBC Visa Platinum	Citi Cash Back
Annual fee waiver	First year waiver	Two years waiver	First year waiver

HSBC Visa Platinum is more generous than UOB One and Citi Cash Back on the annual fee waiver front.

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Comparison #5: Extra perks

	UOB One	HSBC Visa Platinum	Citi Cash Back
Extra perks	Up to 2.5% p.a. interest on your UOB One savings account Up to 10% SMART$ rebate at over 300 participating outlets across 3 categories islandwide: dining, shopping, and groceries Exclusive Visa Signature dining, lifestyle and shopping privileges UOB dining, retail, travel privileges and more	Exclusive dining, leisure and retail offers for your family Free ENTERTAINER with HSBC access, with 1-for-1 dining, lifestyle and hotel deals	Up to S$1 million coverage when you charge your travel tickets to the card Citi World Privileges: Get dining, lifestyle, travel and shopping deals locally and in 95 other countries

Be it UOB One, HSBC Visa Platinum or Citi Cash Back, you have access to plenty of dining, retail, and lifestyle privileges. Citi Cash Back offers complimentary insurance coverage while UOB One lets you earn higher interest on your savings when paired with the UOB One Account.

Conclusion: Which one should you choose?

It is apparent these three cashback credit cards aren’t created equal. UOB One rewards cardmembers on all eligible purchases whereas HSBC Visa Platinum and Citi Cash Back offer rewards mainly on specific types of spending.

It really boils down to your own unique spending habits and preference when it comes to deciding on the right card for yourself.

Choose UOB One: UOB One is ideal if you do a lot of your shopping at Cold Storage, Giant, Guardian, 7-Eleven, Marketplace, Jasons, Jasons Deli and Shopee, or if you spend frequently on Grab rides and Grab food deliveries. The extra 5% rebate you can earn is generously capped at S$100 per month! If you drive, be sure to pump at SPC as this card lets you save up to 24%.

UOB Credit Card Welcome Offer: Receive S$350 Cash Credit or up to 50,000 miles when you apply for select UOB credit cards and fulfil the minimum spending requirements. Valid till 30 April 2024. T&Cs apply.

Apply For Your UOB Credit Card Now!

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Choose HSBC Visa Platinum: HSBC Visa Platinum is for you if you appreciate having access to ENTERTAINER with HSBC 1-for-1 dining, lifestyle and hotel deals on top of the 5% rebate you can earn monthly on essentials. This card lets you enjoy up to 21.15% fuel savings at Caltex, too.

SingSaver's Exclusive Offer: Enjoy the following rewards when you sign up for an HSBC credit card.

Receive a Dyson AM07 (worth S$459) or Apple Airpods (3rd Gen) With Magsafe Charging Case (worth S$274) or S$250 eCapitaVoucher or 15K Heymax Miles (worth a free flight to Tokyo, Japan) upon activating and spending min. S$500 by the end of the following calendar month from the card account opening date. Valid till 14 May 2024. T&Cs apply.

For HSBC TravelOne Card: Receive the above rewards when you activate and spend a min. S$500 plus pay an annual fee of S$196.20 by the end of the following calendar month from the card account opening date. Valid till 14 May 2024. T&Cs apply.

Pick your HSBC Credit Card now!

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Choose Citi Cash Back: Citi Cash Back is a great choice if the S$800 minimum monthly spend requirement is not an issue for you. Besides letting you enjoy fuel savings of up to 20.88% at Esso and Shell, this card throws in complimentary coverage of up to S$1 million when you charge your travel tickets to the card — a nice perk for those who usually don’t prioritise buying travel insurance for their trips abroad.

⚡Flash Deal⚡: Be one of the first 500 applicants to get a PlayStation 5 Disc Version (worth S$799) or Dyson Airwrap (worth S$859) or S$500 ecapitaVoucher when you apply for a Citi Card and spend a minimum of S$500 within 30 days of card approval. Remaining applicants will enjoy existing rewards. Applicable to new-to-Citibank cardmembers only. Promo runs from 9 April, 9AM SGT - 2 May 2024. T&Cs apply.

SingSaver's Exclusive Offer: Receive the following rewards when you sign up for a Citi Credit Card:

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Citi PremierMiles Card: Receive an Apple iPad 10th Gen Wifi 64GB (worth S$691.60) or Dyson Supersonic (worth S$699) or S$400 eCapitaVoucher or S$300 cash via PayNow upon activating and spending a minimum of S$500 within 30 days of card approval. Valid until 30 April 2024. T&Cs apply.

Citi CC_BLOGARTICLE_800x250

Other Citi Credit Cards: Receive a Dyson Supersonic (worth S$699) or Apple iPad 9th Gen 10.2 Wifi 64GB (worth S$508.30) or Dyson V8 Slim Fluffy (worth S$509) or S$400 eCapitaVoucher or S$300 cash via PayNow upon activating and spending a minimum of S$500 within 30 days of card approval. Valid until 30 April 2024. T&Cs apply.

Pick Your Citibank Card Here!