Credit Card Comparison: UOB One vs CIMB Platinum vs BOC Family

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10% cashback is certainly music to everyone’s ears. Learn which of these high cashback credit cards could be your new go-to. 

Cashback credit cards like UOB One, CIMB Platinum and BOC Family are created for people who want to milk the most out of their purchases. While they aren’t the most fuss-free of all credit cards, they sure are rewarding, offering up to 10% cashback! 

Let’s take a closer look at UOB One vs CIMB Platinum vs BOC Family.

UOB One vs CIMB Platinum vs BOC Family

Credit card Key benefits
UOB OneUp to 5% cash rebate on all eligible spend

Extra 5% cash rebate on selected spend
CIMB PlatinumUp to 10% cashback on selected categories

Unlimited 0.2% cashback on all other spend
BOC FamilyUp to 10% cashback on selected categories

Unlimited 0.3% cashback on all other spend 

What these cashback credit cards have in common 

UOB One, CIMB Platinum and BOC Family are generous cashback credit cards that only require you to have a minimum annual income of $30,000. 

While nobody can deny that their cashback rates are really enticing, all of them need you to meet the minimum spend requirement first before you can lay your hands on the said cashback. 

These three cashback credit cards aren’t the most straightforward, but if you don’t mind keeping a close eye on the type of purchases you make or where you make those purchases, you can potentially get a lot out of UOB One, CIMB Platinum and BOC Family.

How these cashback credit cards differ 

Comparison #1: Cashback workings

 UOB OneCIMB PlatinumBOC Family
Cashback workingsUp to 5% cash rebate on all eligible spend 

Extra 5% cash rebate on the Dairy Farm Singapore, Grab, Shopee Singapore and UOB Travel transactions when you qualify for your quarterly cash rebate, capped at $100 per month

Extra 1% cash rebate on SP Group utilities bills when you qualify for your quarterly cash rebate, excluding payments via AXS  
10% cashback on wine & dine, transport & petrol, travel purchases in foreign currency, health & medical services, and electronics & furnishing at selected merchants

Unlimited 0.2% cashback on all other eligible spend
10% cashback on dining and movies 

5% cashback at Family Club Merchants 

3% cashback on public transport 

3% cashback on online shopping, supermarket, hospital bills

Unlimited 0.3% cashback on all other eligible spend

For those interested in UOB One, keep in mind that the extra 5% cash rebate you could earn on Grab and Shopee excludes mobile wallet top-ups and Shopee Pay. 

For UOB Travel transactions, online, flight only bookings and relevant taxes are excluded. Dairy Farm Singapore transactions include transactions made at Cold Storage, Giant, Guardian, 7-Eleven, Marketplace, Jasons and Jasons Deli.

Interested in CIMB Platinum? At this time, the 10% cashback on electronics & furnishing applies to purchases made at Harvey Norman, Best Denki, Challenger, Ikea, Courts and Parisilk stores.

For BOC Family, current Family Club Merchants include Best Denki, POPULAR Bookstore, Unity Pharmacy, Watsons and Welcia-BHG.

Comparison #2: Minimum spend required to earn high cashback 

 UOB OneCIMB PlatinumBOC Family
Minimum spend required to earn high cashback $2,000 per statement month for each qualifying quarter: 5% cash rebate. Earn a quarterly cash rebate of $300

$1,000 or $500 per statement month for each qualifying quarter: 3.33% cash rebate. Earn the quarterly cash rebate of $100 and $50 respectively
$800 per statement month

$800 per billing cycle

One peculiar trait of UOB One is that you’ll need to make a minimum of five transactions per statement month, in addition to hitting the minimum spend. This shouldn’t be too difficult if UOB One is your go-to credit card for daily transactions, such as groceries, Grab rides, bubble tea or coffee runs. 

Comparison #3: Cashback cap

 UOB OneCIMB PlatinumBOC Family
Cashback capQuarterly cash rebate cap of $300, $100 or $50 depending on spend tier 

Extra 5% and 1% cash rebate capped at $100 per month 
$100 per statement month, split into $20 per category 

No cap on 0.2% cashback 
$100 per billing cycle, split into $25 per category 

No cap on 0.3% cashback 

If you are a big spender who also happens to regularly spend on Grab, Shopee, Dairy Farm Singapore transactions, UOB One could be very rewarding for you as its overall cashback cap is higher than that of CIMB Platinum and BOC Family’s. 

Just a quick note: you’ll have to pay extra attention to how much you are spending on each category for CIMB Platinum and BOC Family as they have cashback caps on each category.

Comparison #4: Annual fee waiver 

 UOB OneCIMB PlatinumBOC Family
Annual fee waiverFirst-year waiver for principal card; free first supplementary cardFree principal and supplementary cards for life
First-year waiver for both principal and supplementary cards

When it comes to annual fee waiver, CIMB Platinum wins hands down. UOB One and BOC Family are standard in what they offer. 

Comparison #5: Extra perks 

 UOB OneCIMB PlatinumBOC Family
Extra perksPetrol savings of up to 20.8% at Shell and 24% at SPC

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 
CIMB dining, retail and lifestyle deals and discounts 

Exclusive dining, lifestyle and shopping Mastercard privileges

Complimentary e-Commerce Purchase Protection Insurance by Mastercard

Can be used for bus and train rides with SimplyGo

Exclusive Visa Platinum dining, lifestyle and shopping privileges 

Those who drive will surely appreciate the massive fuel discounts there are to be had at Shell and SPC with UOB One. The card also lets you earn up to 2.5% p.a. interest on your savings nestled in the UOB One savings account as you spend on your credit card and credit your salary or pay 3 bills monthly via GIRO. 

Conclusion: Which one should you choose?

In this battle involving UOB One vs CIMB Platinum vs BOC Family, which high cashback credit card is the most suited to your needs and lifestyle inclinations? While they are all rewarding in their own right, one may be more rewarding for you than the other. 

Choose UOB One: UOB One is a versatile, rewarding cashback credit card great for general spending as the cash rebate isn’t split into specific categories. Depending on your spend tier (think: $500, $1,000 or $2,000 per month consecutively for a quarter), you can earn up to 3.33% or 5% cash rebate on all your eligible expenses in the form of a quarterly cash rebate of $50, $100 or $300. 

The extra 5% cash rebate you can earn on Dairy Farm Singapore, Grab rides and food delivery, Shopee Singapore and UOB Travel transactions when you qualify for your quarterly cash rebate are fantastic — these are capped at $100 per month. 

Besides enjoying petrol savings of up to 20.8% at Shell and 24% at SPC as well as up to 2.5% p.a. interest on your UOB One savings account, you can utilise your SMART$ earned at participating outlets to offset your next purchase instantly for even more savings (1 SMART$ is equivalent to $1).

SingSaver Promotion: Get $150 cashback when you apply as a new UOB cardmember and make a minimum spend of $1,500 within 30 days of card approval. This promotion is valid for the first 50 new UOB cardmembers from now till 7 March 2021.

Choose CIMB Platinum: Look no further if you want a cashback credit card that’s free for life. CIMB Platinum lets you enjoy all the benefits without any annual fee forever. Consider CIMB Platinum if you spend quite equally across these five categories every month: wine & dine, transport & petrol, travel purchases in foreign currency, health & medical services, and electronics & furnishing at selected merchants. 

While the total cashback cap per month is $100, keep in mind the cap is split across the five categories. Also, you’ll need to spend $800 per statement month to enjoy the 10% cashback on said categories.

CIMB Sign-up Promotion: Get $100 cash credit when you apply as a new CIMB credit cardmember from now till 28 February 2021. You will have to make a minimum spend of $350 per month for 2 months from card approval to be eligible.

CIMB is also running a lucky draw where you stand to get 6 months’ worth of credit card bills paid for, just by spending on your CIMB card! A monthly cash prize of $1,000 will also be given out. Valid till 28 February 2021.

Choose BOC Family: As its name may suggest, BOC Family is a family-oriented cashback credit card that you can rely on to deliver high cashback on the types of purchases families spend on, such as dining, movies, supermarkets, online shopping, POPULAR Bookstore, Unity Pharmacy, Watsons and more. 

Like CIMB Platinum, the only main drawback is the $25 cashback cap on each of the elevated cashback categories. You’ll have to be mindful of how much you’re spending per category in order to maximise your cash rewards. You’ll need to spend $800 per billing cycle to enjoy the elevated cashback rates.

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By Denise Bay
While Denise has a thing for travel, K-dramas, 0% sugar bbt (with boba!), Japanese cuisine and flat white, her curious nature means all sorts of random tabs are open on her phone 24/7. She doesn’t like to pay full price for anything, too.