How to Save S$1,200 a Year with the UOB One Card

|Posted by | Credit Cards
Tags: , , ,
How to Save S$1,200 a Year with the UOB One Card

With responsible use, the UOB One Card gives as much as 5% rebate across ALL expenses. Here’s how to stack up your savings with it.

The SingSaver.com.sg team is a huge fan of cashback credit cards. When used correctly, they can save hundreds of dollars a year.

Each cashback card is great for different purposes; some cards are better for petrol, some cards are great for groceries. But there’s one card that is great across all expenses: the UOB One Card.

With up to 5% cashback on all your purchases, it’s no wonder you can save up to S$1,200 a year with the card. That’s almost the price of an iPhone 6S Plus!

Because there’s a tiered system, you’ll get rewarded accordingly to how much you’ve charged to the card. A monthly spend of S$500 to S$1,999 will get you up to 3.33% rebate, while a monthly spend of above S$2,000 will get you up to 5% rebate. However, this is only applicable if there is a consistent spend over a period of three statement months based on your qualifying quarters.

Here’s an example of how much you can save according to amount spent monthly:

Amount Spent Monthly

Cash Rebate %

Amount Earned Monthly

Amount Earned Annually

S$500 Up to 3.33% S$16.67 S$200
S$1,000 Up to 3.33% S$33.30 S$400
S$2,000 Up to 5% S$100 S$1,200

Save more with UOB One Account and One Card. Enjoy up to 3.33% interest p.a. on savings in UOB One Account with S$500 minimum spend every calendar month on your UOB One Card. The interest on savings also works on a tiered system, as shown below:

Amount in Bank

First S$10,000 Next S$20,000 Next S$20,000 Next S$50,000

% Interest when You Spend S$500 on Your UOB One Card

1% p.a. 1.5% p.a. 2% p.a. 0.05% p.a.

% Interest when You Spend S$500 on Your UOB One Card AND Credit Your Salary in Account OR Perform 3 Giro Transactions

1.5% p.a. 2% p.a. 3.33% p.a. 0.05% p.a.

Fine Print:

  • Rebate is rewarded quarterly
  • To qualify for the rebate, you’ll need to spend over a period of three months based on your qualifying quarter with a minimum of three purchases monthly
  • The maximum cashback you can get is S$1,200 per year
  • Maximum effective interest rate (EIR) on the One Account is 1.60% p.a. for deposits of S$50,000, provided you meet the criteria of S$500 Card Spend
  • Maximum effective interest rate (EIR) on the One Account is 2.43% p.a. for deposits of S$50,000, provided you meet both criteria of S$500 Card Spend and S$2,000 salary credit or 3 GIRO debits per month

Other Key Bonuses Include:

  • Up to 22.9% petrol savings at Caltex and up to 24% at SPC petrol kiosks
  • 1-for-1 offers/up to 50% discount at restaurants under the UOB Dining Privileges program
  • Up to 20% additional SMART$ rebate at over 900 participating merchants with UOB SMART$ Rebate Programme
  • Welcome offer: Limited edition UOB One Card and up to S$80 worth of cash credit, while stocks last

How to Qualify:

A minimum income of S$30,000 is needed for Singaporeans/PRs and S$40,000 for foreigners. You’ll need to be at least 21 years old to apply. Supplementary cardholders have to be at least 18 years old to apply.

Annual fees are S$128.40 with first year free, and S$64.20 for supplementary cards (first is free).

The UOB One Card looks promising as the card with the most cashback for all categories of spend. With a multi-purpose card like this in your wallet, you can save a lot more if you make different types of purchases monthly.