Hi, can anyone help to explain UOB One card billing quarter and rebates? - Seedly

Anonymous

Posted on 15 Dec 2019

# Hi, can anyone help to explain UOB One card billing quarter and rebates?

Assuming I received my card on November '19 and the statement date is on the 1st of every month.

Discussion (5)

Bjorn Ng

Level 15. Grandmaster

Posted on 16 Dec 2019

Ok, this is pretty tricky. The statement date is 1st of every month, that means your billing cycle is probably from 1st/2nd to end of each month.

For your billing quarter, it depends when you have gotten the card. Usually the statement will state, but it's better if you call UOB to check with them on yours, and then record it down because in order to get your rebate, you need to fulfill the billing quarter. To give you a few examples:

Billing quarter (Amount spend/mth): Nov 19 (\$2000), Dec 19 (\$2000), Jan 20 (\$2000)

You will get 5% rebate which is \$6000 * 0.05 = \$300 (max cap).

Billing quarter (Amount spend/mth): Nov 19 (\$2000), Dec 19 (\$2000), Jan 20 (\$0)

You will get 0% rebate because you did not fulfill Jan 2020.

Billing quarter (Amount spend/mth): Nov 19 (\$2000), Dec 19 (\$2000), Jan 20 (\$1000)

You will get 3.33% rebate which is \$5000 * 0.0333 = \$166.50 because you are only eligible based on \$1000 spending, even though you meet \$2000 in Nov & Dec 19 (same for \$500 spending).

Hope it clarifies!​​​

1

Question Poster

16 Dec 2019

Thanks for the detailed explanation!

Post

First, start by checking the date of expiry on the card, e.g. 11/24

In this case, November, December, and January will be one billing quarter. Upon completion of the spending requirement, e.g. \$500 monthly for the billing quarter, you will recevie \$50 (3% cash rebate) in your February statement.

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2

Question Poster

15 Dec 2019

With regards to the statement date, should I say it’s safer to spend a min of \$500 by 25th of the month?

Pang Zhe Liang

15 Dec 2019

Check your credit card statement. If the statement date is 25th, then it will be safer to spend the required amount by 18th of the month (this is because the merchant has up to 7 days to claim the transaction amount, and the bank looks at posted date instead of transaction date).

Post

SO

Sj Oh

Level 8. Genius

Posted on 27 Jul 2020

Tip:

-On the E-statement credit bill, there states your quarterly rebate eligible months.

(Feb,Mar...

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