With up to 8% cashback on mobile payments and daily spends, the UOB One Debit Card makes for an attractive option for students, young adults or those who seek credit card alternatives.
Attractive rewards like high cashback used to be the sole domain of credit cards, but this is no longer the case. With debit cards now offering headline rewards that are virtually on par with credit cards, consumers now have more options to enjoy attractive rewards on their everyday spending.
One of the latest debit cards leading this trend is the UOB One Debit Card which offers up to 8% cashback on mobile payments, online shopping, transport and other daily spends. With such attractive cashback terms, the UOB One Debit Card presents as a smart financial tool for everyday spenders. Let’s take a closer look at what this debit card offers, and whether it might be the one (debit card) for you.
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What can the new UOB One Debit Card do for you?
Get up to 8% cashback on mobile payments and daily spends
The UOB One Debit Card gives you up to 8% cashback on your daily spending, putting it well above its peers, and even giving some credit cards a run for their money.
Well, this high cashback is actually a promotional rate. New applicants applying for the UOB One Debit Mastercard can enjoy 2x cashback for three months, bringing the cashback to an amazing 8% (with S$600 minimum monthly spend). Not only that, the monthly cap is also doubled to S$60 per month during the first three months, up from the regular monthly cap of S$30.
You can earn cashback on the following spending categories with the UOB One Debit Card.
|
Spending category |
Cashback (regular) |
Cashback (promotional) |
|
Grab, McDonald’s, Shopee and SimplyGo |
Up to 4% |
Up to 8% |
|
Singtel, GOMO and Singapore Power |
1% |
Up to 2% |
|
Mobile payments (Apple Pay, Google Pay and Samsung Pay) |
1% |
Up to 2% |
|
Cashback monthly cap |
S$30 |
S$60 |
Enjoy cashback even with low minimum monthly spend
One great thing about the UOB One Debit Card is that you can enjoy cashback with low minimum monthly spends, starting from S$300 per month. This low barrier to entry makes it easy for most anyone from students to young adults to be rewarded as they spend.
Here’s how it works. The UOB One Debit Card offers two levels of cashback – one with a minimum monthly spend of S$300 and another with a minimum monthly spend of S$600.
|
Spending category |
Tier 1 (S$300 minimum monthly spend) |
Tier 2 (S$600 minimum monthly spend) |
Promotional period (1 Jul – 30 Sep) (S$600 minimum monthly spend) |
|
Grab, McDonalds, Shopee, SimplyGo |
2% |
4% |
8% |
|
Singtel, GOMO, Singapore Power, and mobile payments (Apple Pay, Google Pay and Samsung Pay) |
1% |
1% |
2% |
The table above displays the regular cashback rate and the promotional cashback rate. Don’t forget there’s a 2x cashback multiplier if you qualify for the promotion, meaning you can earn up to 8% cashback just by spending S$600 per month!
This two-tier structure makes it easier to earn cashback, offering more flexibility in your spending habits. You can enjoy the full cashback rate if you happen to spend at least S$600 that month; but even if you don’t, you’ll still be rewarded with cashback (albeit at a lower rate).
NEW! Convenient and flexible spending with mobile payments
The UOB One Debit Card has also been updated for the digital generation. It now includes mobile payments, giving you up to 2% cashback every time you pay for in-store contactless transactions using Apple Pay, Google Pay and Samsung Pay.
To enjoy cashback on mobile payments, simply add your UOB One Debit Card to your mobile wallet. Then, pay with your UOB One Debit Card using your preferred mobile payment platforms.
Mobile payments let you earn cashback on even more transactions as you spend. Whether you’re buying groceries, dining out, or going to the movies, simply tap and pay with your mobile phone to earn an easy up to 2% cashback!
UOB One Debit Card: Big cashback with little effort
The UOB One Debit Card offers accessibility and higher rewards to those without access to credit cards. With this card, students, young adults, and those who want to limit their spending can easily earn rewards as they spend on everyday needs and expenses.
Especially so, since this debit card’s dual-tier cashback structure means you can earn cashback even if there is some variability in your monthly budget, while the newly added mobile payment feature lets you earn cashback on even more transactions.
All in all, the UOB One Debit Card is the ideal choice to enjoy cashback for those who aren’t using credit cards. Sign up now to double your rewards for the first three months!
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