UOB One Card
Asked on 15 Dec 2019
Assuming I received my card on November '19 and the statement date is on the 1st of every month.
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!
16 Dec 2019
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.
Here is everything about me and what I do best.
15 Dec 2019
15 Dec 2019
-On the E-statement credit bill, there states your quarterly rebate eligible months.
(Feb,Mar,April : One quarter... so on and forth)
Must fulfill the minimum spending($500,$1000 or $2000) for ALL THREE MONTHS.
-Call the customer service officer to change your one card billing to first day of the month for ease of tracking the rebate..
-You need to be very meticulous on your spending now... as they have excluded many other spending... just for your info.
For your billing quarter, it starts from the month your card is approved onwards. For your case, once you confirm that November 2019 is the first statement month of your card, the cycle goes like this: First Quarter (Nov, Dec, Jan), Second Quarter (Feb, Mar, Apr), Third Quarter (May, Jun, Jul) & fourth quarter (Aug, Sep, Oct). The cycle then repeats.
The rebates are received on the first month of your next billlng quarter. For example, first billing quarter rebates will be received in Feb 2020. Do note it can be credited in any day of your statement month but it will be there before the closure of that statement month (in this case Feb 2020)
16 Dec 2019
UOB has a tricky problem, it is not very consistent (I learnt this the hard way)
I have to call up UOB hotline to confirm the billing quarter because I have an issue with rebates a few years ago.
UOB Hotline 1800 222 2121. When you are there, you can opt for typing instead of chatting via voice (i give them credit for that since I don't like to talk on phone)
Do note that posted date is usually 1 or 2 days after transaction date, and the posted date is more important for calculation of rebates.
Get the correct billing quarter from their customer service to be assured.
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