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UOB Absolute Cashback Credit Card: Unlimited Cashback on All Spend

Broad Cashback and Perks for Professionals

UOB Absolute Cashback Credit Card: Unlimited Cashback on All Spend

Broad Cashback and Perks for Professionals


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  • Unlimited cashback
  • No min, caps or exclusions
  • American Express Card privileges


  • Low cashback rate for smaller budgets
  • Annual fee

UOB Absolute Cashback Credit Card is a great card for those who want to earn easy cashback on all spend without worrying about caps and restrictions. Cardholders earn 1.7% limitless cashback on all spend categories typically excluded from other cards, such as: insurance, school fees, healthcare, utilities and rental payments. There are no cashback caps or spend exclusions, making this a great fit for households and individuals with budgets above S$2,000. As an additional benefit, cardholders get to enjoy the exclusive American Express Card privileges.

UOB Absolute Cashback Credit Card Features and Benefits

  • Annual Fee: S$194.40, Waiver for 1 year
  • Income Requirement: S$30,000 for citizens & PRs, S$80,000 for foreigners
Key Features:
  • Annual fee: S$194.40 (first year - waived)
  • 1.7% unlimited cashback
  • No min spend and no spend exclusions
  • Earn cashback on insurance payments, school fees, wallet top-ups
  • Cashback also available on healthcare, utilities and telco bills and rental payments

Our Evaluation: Unlimited Easy Cashback for Households and Professionals

UOB Absolute Cashback Card Card is an excellent cashback card for busy professionals and households looking for a broad, easy to use cashback card. Cardholders earn unlimited 1.7% cashback on all spend, even on categories usually excluded by other cards such as insurance, rent, school fees and healthcare bills. Another benefit of this card is the combination of exclusive American Express and UOB Card privilege.

American Express offers complimentary 6-month FounderCard membership (S$595 annual membership cost), a community of over 50,000 entrepreneurs and executives who enjoy exclusive rates and discounts at the top hotels, airlines, car rental companies around the world. Members also receive complimentary travel insurance, up to 50% savings on shopping, dining and travel, and a complimentary 2 year Tablet Plus membership.

UOB Absolute Cashback Credit Card Rebate Programme

While there is no cashback cap or minimum spend requirement to earn 1.7% cashback, it is clear that while the rewards rate is unlimited, it is most beneficial for those with higher budgets. While other cards on the market offer 3% - 8% cashback, those rates are limited to certain categories while the cashback itself has limits and caps while this card does not.

UOB Absolute Cashback limitless 1.7% cashback and the American Express Card privileges make it not only a good fit for business professionals who often travel and don't have a set budget, but also given that the card offers cashback on all expenses including school fees, rent, insurance and healthcare, an equally good fit for families. The card's annual fee is S$192.60 with a one year fee waiver.

How Does UOB Absolute Cashback Credit Card Rewards Program Work?

  • Every 1 dollar of cashback earned is equal to S$1
  • Cashback earned in the current month will be credited to the cardholder's account the following month
  • Transactions incurred by the supplementary cardholder are considered in the calculation of qualifying spend
  • Cashback can only be used to offset against the billed amount for your card the following month
  • Cashback cannot be withdrawn as cash or transferred to any other UOB accounts
  • Cashback expires 2 calendar years from the month in which it was earned
  • Cashback is automatically forfeited and is non-transferable when an account is closed

What You Should Know: Limits, Minimums and Exclusions

UOB Absolute Cashback has no limits or minimums, and covers all spend categories from the regular ones covered by most cashback credit cards such as dining and shopping, to transactions often excluded such as rent payments, tuition and insurance. The low, albeit unlimited, rate of 1.7% does require higher monthly spend to receive cashback comparable to other cards.

Monthly SpendCashback
All NETS and NETS-related transactions; Installment Payment Plans; cash advances; personal loans; balance or fund transfers; any transactions that are subsequently reversed, voided or refunded.

How UOB Absolute Cashback Credit Card Compare Against Other Cards

Read our comparisons of UOB Absolute Cashback Card Card with other cards and learn what makes each card unique in their own way. We compare and contrast each card to highlight its uniqueness to help you identify the card that you need.

In case you would like to compare the rewards value of this card or any other card yourself, go to our RealValue Credit Card Rewards Calculator to compare the cards' rewards, promotions, rates and other unique features.

UOB Absolute Cashback Card v. UOB One Card

Consider this if you want to maximise your cash rebate and spend about S$2,000 per month
  • Pros
    • Good fit for budgets of at least S$2,000 per month
    • Easy cashback on daily spend
    • Gives rebates for paying bills
    • Cons
      • Doesn't fit inconsistent budgets
      • Annual fee

      Consumers who consistently spend at least S$2,000 a month can maximise cashback with UOB One Card. Cardholders earn cashback based on tiers of monthly spend, with S$2,000/month for 3 consecutive months earning S$300 quarterly cashback–averaging to S$100/month. While UOB Absolute Cashback Card doesn't have a cashback cap, with its 1.7% rate, earning S$100/month would require a monthly spend of S$5,882.

      Despite its somewhat simple cashback programme, spending even a dollar below S$2,000 drops cardholders' rewards potential to S$33/month (with spend below S$1,000 earning only S$17/month). To earn S$17 per month with UOB Absolute Cashback card, you need to spend exactly S$1,000 per month, and with no limitations regarding spend categories, you will earn on all spend. Overall, customers who spend consistently S$2,000 per month would benefit from UOB One Card, whereas those who want to earn on everything they spend and have higher expenses would benefit from UOB Absolute Cashback.

      UOB Absolute Cashback Card v. OCBC Frank Card

      OCBC FRANK Credit Card
      OCBC FRANK Credit Card
      Consider this if you frequently spend money on shopping and entertainment
      • Pros
        • 6% rebate on online, mobile contactless, and FX spend
        • Fee waiver with S$10,000 annual spend
        • Cons
          • 0.3% rebate on general purchases
          • Annual fee after 2 years
          • Capped cashback at S$75

          Mid-to-lower spenders looking for no-fee cashback on online shopping and entertainment might be interested in OCBC Frank Card. OCBC Frank Card rewards online and mobile spend as well as foreign currency spend with 6% cashback, capped at S$75/month after a minimum spend of S$600. UOB Absolute Cashback Card doesn't have min spend requirement or a cashback cap, but to reach the S$50 cap OCBC Frank Card offers for the categories (mobile, online, foreign) with highest rates, you need to spend S$2,941, compared to S$833 for OCBC Frank customers.

          OCBC Frank Card's annual fee of S$80 is waived for 2 years, then subsequently with each annual spend of S$10,000–which is reasonable for most consumers. UOB Absolute Cashback Card's annual fee of S$192.6 is waived for the first year only. OCBC Frank Card may be a better fit for consumers who reliably spend S$600/month, whereas UOB Cashback Absolute Card is better suited to those who spend at least S$2,500 and are interested in additional American Express Card perks.

          To view the best unlimited cashback credit cards available in Singapore, check over here for more!

          Read Also:

          Zoryana Melesh

          Zoryana is a Senior Research Analyst at ValueChampion, who focuses on evaluating credit cards, savings and fixed deposits in Singapore. She holds a BA in Political Science and an MPA in International Finance and Economic Policy, both from Columbia University. Prior to joining ValueChampion, Zoryana worked in treasury management consulting.

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