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UOB One Card
4.1
17 reviews
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4.1
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- Updated on 29 Aug 2018Maybe I'm a bit biased but this card fits my spending needs. Used it mainly for insurance, and then followed by bill payments and other fixed recurring expenses. Set it right to $2,000 a month and get $300 credit every quarter. $300/($2,000 x 3) = 5% rebate my credit card bills. Plus extra interest in UOB One account. Happy man here! :)0 comments1
- Updated on 13 Jun 2018Perfect for wedding banquet expenses - my wife and I split our banquet payments monthly, $2,000 each, for over a year - and got back a couple of thousands from our spend. Not too bad for something we were already committed to spending on, right/0 comments1
- Updated on 28 May 2018#Weddingbanquethack All couples looking to book your wedding venue or have already booked, this is for you. I'm sure you all know the mechanics of the UOB one card. To hit the maximum tier of 5% cash rebate, you need to spend $2,000 every month, for 3 months in a row. There is also a minimum transaction of 5 per month. For everyday spend, hitting $2,000 is quite insane hence I never considered this card until recently when I confirmed my wedding venue. I checked with my wedding coordinator if I could make monthly payments for my banquet and to my delight, it is possible. I am making 5 monthly payments every month of $400 each to hit the $2,000 spend and 5 transactions a month. I have gotten my first 5% rebate recently! The opportunity cost of paying the $2,000 every month is obviously that you can't use it for investment etc but getting 5% rebate should cover the potential returns if you invested the $2,000 instead. If you are a UOB one account user, this hack is even better for you (sadly I am not) hence hopefully this helps!!0 comments1
- Updated on 26 May 2018This card give one of the higher rebate. However to get the higher rebates of 3.33% you would need to hit exactly 500 for 3 months. Spending 700 for 3 months and 500 for 3 months gives the same rebate - $50. Would recommend only for folks with uob one account and have fixed monthly spending of excatly 500 a month for maxium benefit. E.g -recurring telcos for family 100 -recurring broadband 100 -recurring petrol - 3000 comments1
- Updated on 19 May 2018Using this card for fixed expenses like Prudential insurance, singtel mobile & internet bills and conversancy fees. Combining it with UOB one account for maximum benefits.0 comments1
- Updated 6d agoThis card is great for tracking your monthly expenses. You have to spend $500 at least per month and you could get cash rebates of 3.33% which sounds attracting for me. Furthermore, you can use it on your monthly bills. There is no limitations on where you use it.1 comment0As Df
30 May 2018
They exclude transition, town council and charity. - Updated on 04 Mar 2019Been using this in conjunction with cardup to get cash back for my monthly rental + automating 4 other monthly expenses into this card to hit the 5% cash back requirements. Similar to other users, once you hit the 2k monthly spend, you can get a 5% cashback and it hits the higher tier UOB One Savings account interest rate. Highly recommended. :)0 comments0
- Updated on 15 Sep 2018I am using this card to pay for my banquet. Easy to meet the 2k monthly requiremnet to get the 5% rebates. 5 different transactions required so have been allocating 1.6k for the banquet and 4 other transactions.0 comments0
Questions (7)
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UOB One Card
Ng Bao Xian Jonathan, Economics at Singapore Management University
Level 4. Prodigy
Answered 1d ago
Hi Anon, Jonathan from Seedly here! Could I trouble you to contact [email protected] so we can better understand the problem you are facing and work to solve it? Thank you!
CITI PremierMiles Visa Card
UOB One Card
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Jeff Yeo, amateur Social contributor at School of social sharing
Level 6. Master
Answered on 21 Apr 2019
If you can charge your expenses to the company then look into more cash back like Cimb cards or get a miles card like UOB or Citibank On a side note If your income is high enough look into the higher tier cards(income 120k and above) that offer free lounge access this will make your travel more comfortable
UOB One Card
UOB One
UOB
Investments
Jonathan Chia Guangrong, Fund Manager at JCG Fund
Level 6. Master
Answered on 20 Oct 2018
Higher returns tend to run in line with higher risk. The thing you need to ask yourself is how much of a risk appetite you can stomach before you need to cut losses. Generally speaking the safer choices would run the gamut of fixed deposits, higher yielding bank accounts like cimb fast saver and citibank's maxi gain, structured deposits, Singapore savings bonds, ABF Singapore bond index fund (through posb invest saver). Robo advisory portfolio with low risk profiles may also fit in here. Higher risk choices would be straight stock investing, robo advisory portfolio with higher risk profiles, equity Etfs and options portfolio. Typical returns range from about 4% to 40+% or more a year. For non managed portfolios, I'd suggest you find a mentor to teach you to shortcut the learning process. Saves money in the long run and you will be able to achieve your goals much faster. Just ensure there's a track record for the programme. Hope this helps
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UOB One Card
OCBC 360
Singapore Saving Bonds (SSB)
OCBC 365 Card
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Jay Liu, Sleepyhead at Land of Dreams
Level 6. Master
Answered on 25 Sep 2018
Have a sufficient balance in your savings account. E.g. Having the min balance + some spare cash to use. Then the rest you can put into SSB. If you can hit the conditions for High(e.g. 3%) interest, you can consider just putting in the savings account itself.
UOB
DBS Multiplier
DBS
UOB One Card
UOB One
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Dominic Chang,
Level 3. Wonderkid
Answered on 07 Jun 2018
I work around this issue using other means to save. First I use BOC credit card for its cash back, but due to no salary credit bonus, I stuck with OCBC frank giving me 0.2%, and usually keep the bulk in SSB or buy stocks/REITS. If I do need emergency funds, I can swipe my credit card first then redeem my SSB to pay the bills. WIth this general strategy, my bank account does not have too much cash.
UOB
UOB One Card
Bank Account
Tee-Ming Chew,
Level 5. Genius
Answered on 19 Jul 2018
You can use Seedly's Savings Account Calculator to find out which bank account has the highest interest rate based for your scenario (credit card spent, bill payment, investing and etc).
Bank Account
UOB One Card
Credit Card
Tang Ching Pang,
Level 4. Prodigy
Answered on 25 Jun 2018
DBS multiplier will do the job when stack with DBS altitude . DBS multiplier required any amount spend on DBS card to earn extra interest. While spending on DBS altitude will allow you to earn air miles. The best part : the miles point will never expire.
About UOB One Card
| Card Name | UOB ONE Card |
|---|---|
| Cashback Rate | 3.3%-5% |
| Monthly Cashback Cap | $50/ $100/ $300 per quarter |
| Monthly Min Spend | $500/ $1,000/ $2,000 |
| Highlights | UOB One bank account holders, large payments (eg wedding, renovation) |
Fees and Charges for UOB One Card
- Annual Principle Fee: $192.60
- Annual Supplementary Card fee: Free (Subsequent card: $96.30)
- Fee waiver: 1-year annual fee waiver
- Interest-Free Period: 21 days
- Annual Interest Rate: 25.90%
- Minimum monthly payment: 3% or $50, whichever is higher
- Late payment charge: $90
- Cash advance fee: 6%
Eligibility for UOB One Card
- Singaporeans and PR; Minimum annual income of $30,000 or fixed deposit collateral of at least $10,000
- Foreigners; Minimum annual income of $40,000 or fixed deposit collateral of at least $10,000
Key features of UOB One Card
- Up to 10% rebate on all Grab transactions
- An additional 5% rebate on Grab rides, food and top-ups (must hit quarterly cash rebate)
- Up to 5% cash rebate based on a retail spend of $2000 with a minimum of 5 transactions per statement month.
- Up to 3.33% cash rebate based on a retail spend of $1,000 or $500 with a minimum of 5 transactions per statement month
Cash Rebate will not be awarded on:
- Payments made to charitable/religious organisations
- Payments government institutions and services
- Cash advancements
- Any late payment charges or interests charges on any Card
- Any fees payable to the bank
For more info, you can check out UOB One’s website here.