Hi Anon,
The UOB ONE Card has definitely been one of the more popular cards recently, mainly due to it being one of the few cards that you can double-dip with Grab. You would receive an extra 5% rebate when spending on Grab using this card, and this included topping up Grabpay This rounds out to a whopping 10% rebate for all Grab transactions, and it was definitely a very popular way to hack rewards. However, as of 16 March 2020, Grab wallet top-ups will be excluded from rebates. Moreover, with AXS having removed Grabpay as a way to pay, and with Grab's latest devaluations, the value proposition of this card has gone down drastically.
However, do keep in mind that in order qualify for the 5% quarterly rebates, you'll have to spend at least $2000, and have at least 5 transactions before the 15th of each month. This totals to minimally $6000 over 3 months, and only then will you get your $300. If not, you'll have to spend minimally $500 or $1000 per month, in order to get back $50 and $100 respectively after 3 months (a rate of 3.33%).
Hence, if you're sure you can hit a $2000 spend per month using this card, I'd say go for it!! The normal cashback rates and quarterly rebate of 5% is pretty generous, but do keep in mind that the upcoming exclusion of Grab wallet topups may make this far harder.
Hope this helps!
Hi Anon,
The UOB ONE Card has definitely been one of the more popular cards recently, mainly due to it being one of the few cards that you can double-dip with Grab. You would receive an extra 5% rebate when spending on Grab using this card, and this included topping up Grabpay This rounds out to a whopping 10% rebate for all Grab transactions, and it was definitely a very popular way to hack rewards. However, as of 16 March 2020, Grab wallet top-ups will be excluded from rebates. Moreover, with AXS having removed Grabpay as a way to pay, and with Grab's latest devaluations, the value proposition of this card has gone down drastically.
However, do keep in mind that in order qualify for the 5% quarterly rebates, you'll have to spend at least $2000, and have at least 5 transactions before the 15th of each month. This totals to minimally $6000 over 3 months, and only then will you get your $300. If not, you'll have to spend minimally $500 or $1000 per month, in order to get back $50 and $100 respectively after 3 months (a rate of 3.33%).
Hence, if you're sure you can hit a $2000 spend per month using this card, I'd say go for it!! The normal cashback rates and quarterly rebate of 5% is pretty generous, but do keep in mind that the upcoming exclusion of Grab wallet topups may make this far harder.
Hope this helps!