Cashback cards

Hi JianHao,

I don't think you necessarily want to spend anything under "other spend" for either of those cards - because the cashback rate for such categories is only 0.3%. Even though it opens up the opportunity to earn more cashback per statement month, 0.3% cashback really isn't worth it. Chances are that even if you have expenses under the "other spend" category, it's for expenses that do not fall into the other high cashback categories and you didn't know, or you simply have no other card to use to pay for those types of payments.

If you have been trying to accumulate spending in those categories to earn more cashback, my advice would be to consider using the new UOB Absolute cashback card - it awards 1.7% cashback on all payments with no exclusions. That's much more worth it compared to the 0.3% cashback being awarded for Live Fresh/UOB EVOL.

Hope this helps!

Regards,

thefrugalstudent