DBS Live Fresh vs. UOB EVOL Credit Card Comparison 2021

Even young adults can maximise cashback on their spend with the right credit card. DBS Live Fresh and UOB EVOL Card are both great options worth considering. While both are competitive, however, they also reward different types of spending behaviours. We've looked into the details to clarify exactly how these cards compare, shedding light on comparative strengths and weaknesses across rates, perks and fees.

  • Details of rebate system & structure
  • General & boosted cashback rates
  • Minimum spend requirements & monthly rewards caps
  • Maximum potential annual earnings
Comparison of Perks & Privileges
  • Travel insurance offerings
  • Current petrol promotions & savings
  • SimplyGo & mobile pay compatibility
  • Extra rebate programmes & card-specific privileges
Comparison of Fees & Requirements
  • Minimum age & minimum income requirements
  • Annual fees, spend-based waivers & sign-on bonuses
  • Foreign transaction fees

Comparison of Competitive Rebate Cards in Singapore by Dollar Value

Based on an average monthly spend of S$2,000, we analysed some of the most competitive rebate cards on the market to estimate returned value-to-consumer after 2 years, accounting for rebates and netting out annual fees. As a note, dollar value is heavily dependent on spending habits; intangible benefits (like free travel insurance and airport lounge access) are valuable but difficult to quantify.

A graph displaying how competitive rebate credit cards compare to one another in terms of their rewards
Comparison of Competitive Rebate Cards in Singapore by Estimated 2-Year Dollar Value

Comparison of Competitive Rebate Cards in Singapore by Dollar Value

Based on an average monthly spend of S$2,000, we analysed some of the most competitive rebate cards on the market to estimate returned value-to-consumer after 2 years, accounting for rebates and netting out annual fees. As a note, dollar value is heavily dependent on spending habits; intangible benefits (like free travel insurance and airport lounge access) are valuable but difficult to quantify.

A graph displaying how competitive rebate credit cards compare to one another in terms of their rewards
Comparison of Competitive Rebate Cards in Singapore by Estimated 2-Year Dollar Value

Overview: DBS Live Fresh vs. UOB EVOL Card

If you're a young adult looking to maximise cashback on your spend, you may want to consider DBS Live Fresh Card or UOB EVOL Card. While both are quite competitive, they're also quite different. DBS Live Fresh Card is a great option for modern spenders looking for an easy-to-use rebate card; UOB EVOL Card is better fit for social young adults who mostly spend on weekends. To clarify each card's similarities, differences, strengths and weaknesses, we've provided a detailed analysis below.

Summary Comparison Table: DBS Live Fresh vs. UOB EVOL

CategoryFeatureDBS Live FreshUOB EVOL
RatesMin. Spend Req.S$600/moS$600/mo
Rebate Boosts
  • 5% online spend
  • 5% Visa contactless purchases
  • Additional 5% on sustainable spend
  • 0.3% all other
  • 8% online spend
  • 8% mobile purchases
  • 0.3% all other
Earnings Cap
  • S$75
  • S$60
PerksPetrol SavingsUp to 14% fuel savings at EssoUp to 20% fuel savings at SPC, 14% at Shell
CompatibilitySimplyGo & Mobile Pay CompatibleSimplyGo & Mobile Pay Compatible
Card Privileges#FreshDropFriday SweepstakesUOB SMART$, UOB Dining & Lifestyle Deals, UOB Travel Insider
FeesAnnual FeeS$192.60S$192.60
Waiver OptionWaived for 1 yearWaived for 1 year, then waived with min 3 monthly transactions
Additional details apply. See sections below or card websites for a further breakdown of information

Rewards Rates: DBS Live Fresh vs. UOB EVOL Card

While both DBS Live Fresh and UOB EVOL Card offer similarly competitive rates, they differ when it comes to the cashback categories and the monthly caps. DBS Live Fresh Card allows consumers who spend at least S$600 per month to earn a flat 5% cashback on all online and contactless purchases. For modern spenders, this means virtually all expenditures can earn 5% rebate–especially as more and more vendors in Singapore accept mobile and Visa payWave payments. In addition, DBS Live Fresh now offers additional 5% cashback on sustainable spend, bringing its monthly cashback cap to S$75. All other spend earns 0.3%.

UOB EVOL Card, just like DBS Live Fresh, offers 8% cashback on online and mobile spend, with no merchant restrictions. While it doesn't offer additional cashback on sustainable spend, it does come with a large variety of deals and discounts on sustainable dining and shopping. All other spend earns 0.3% cashback, while total monthly cashback cap is at S$60. Both cards rewards the areas that are well-suited to young adults looking to lead a more eco-friendly life.

Comparison Table: Cashback Rewards

FeatureDBS Live FreshUOB EVOL
Rebate StructureMonthly SystemMonthly System
Rate StructureCategory BoostsCategory Boosts
Base Rate0.30%0.30%
Min. Spend Req.S$600S$600
Boosts
  • 5% online spend
  • 5% Visa contactless purchases
  • additional 5% on sustainable spend
  • 8% mobile spend
  • 8% online spend
Mo. Rewards Cap
  • S$75
(S$20/category, S$15 on sustainble spend)
  • S$60
(S$20/category)
Max Annual EarningsS$900S$720
Additional details apply. See card websites for a further breakdown of information

Despite these slight differences, DBS Live Fresh and UOB EVOL have some rebate system similarities. In both cases, consumers must hit a S$600 minimum spend requirement to unlock higher rates, both reward other spend with 0.3% cashback. However, DBS Live Fresh cashback cap is S$75/month, while UOB EVOL cap is S$60/month. Given that UOB EVOL awards 8% cashback rates for mobile and online spend, it's possible to easily earn S$40 with S$600 min spend (at least S$250 on mobile and online spend, each). DBS Live Fresh awards 5% for mobile and online spend, and an additional 5% on sustainable spend, making it possible to earn S$55/month with S$1,100, or S$40 on mobile and online purchases only with S$800 spend.

Perks & Privileges: DBS Live Fresh vs. UOB EVOL Card

Both DBS Live Fresh and UOB EVOL Card provide perks and privileges that cater to young adults. Both are convenient, with SimplyGo compatibility and tap-and-pay functionality, and both offer special dining, shopping, entertainment and lifestyle deals. DBS Live Fresh stands out for its frequent sweepstakes and contests, usually nested under its "#FreshDropFriday" programme. UOB EVOL offers cardholders big discounts on tickets to music and clubbing events, typically featuring well-known DJs. One big difference is that DBS Live Fresh Card does not offer free travel insurance; this may matter if you frequently travel. UOB EVOL Card offers a fairly comprehensive plan.

Comparison Table: Card Perks & Privileges

FeatureDBS Live FreshUOB EVOL
Travel InsuranceN/AS$500k Personal Accident; S$50k Medical, Evac & Repatriation
Petrol SavingsUp to 14% fuel savings at EssoUp to 20% fuel savings at SPC, 14% at Shell
Transit PerksSimplyGo CompatibleSimplyGo Compatible
Mobile PayGoogle Pay, Apple Pay, Samsung Pay & moreGoogle Pay, Apple Pay, Samsung Pay, UOB Mighty & more
Card Privileges#FreshDropFriday Sweepstakes, DBS Dining & Lifestyle DealsUOB SMART$ Rebate Programme, UOB Dining & Lifestyle Deals, UOB Travel Insider
Additional details apply. See card websites for a further breakdown of information

Fees, Promos & Requirements: DBS Live Fresh vs. UOB EVOL Card

DBS Live Fresh and UOB EVOL Card are also quite similar in terms of fees and requirements. Both have a S$192.6 annual fee, waived just 1 year. New UOB EVOL cardmembers can get their second year fee waived with min 3 transactions per month, while existing customers can get their second year fee waived with S$12,000 annual spend. You may also be able to call in after your 2nd year to request a waiver extension. Banks sometimes grant additional waivers to cardholders whose accounts are in good standing.

Comparison Table: Requirements, Promos & Fees

FeatureDBS Live FreshUOB EVOL
Minimum Age21 yo21 yo
Minimum Income
  • SG & PR: 30000
  • Foreigners: 45000
  • SG & PR: 30000
  • Foreigners: 80000
Annual FeeS$192.60S$192.60
Waiver OptionWaived for 1 yearWaived for 1 year, then waived with min 3 monthly transactions
Sign-on Bonus
FX Fee3.25%2.80%
Additional details apply. See card websites for a further breakdown of information

Comparison to Similar Rebate Credit Cards

Overall, DBS Live Fresh and UOB EVOL are amongst the best rebate cards for young adults. There are a few competitive alternatives, however. We've identified other top contenders and reviewed them below.

OCBC Frank: No-Fee Rebates for Young Adults

  • 6% rebate on FX, online, and mobile purchases after just S$600 monthly spend
  • Promotions:
  • Read Our Full Review
  • Annual fee: S$80.0, 2-year waiver, subsequently with S$10,000 annual spend
  • 6% rebate on online spend
  • 5% weekend rebate on local entertainment & select cafes (3% weekdays)
If you're unlikely to reliably spend S$600 every month, you can still earn competitive cashback with OCBC Frank Card. With as little as S$400 offline spend, consumers earn 6% rebate online and 5% on weekend local entertainment & at select cafes (3% on weekdays). While these rebates are lower and slightly more limited than those offered by UOB YOLO Card, OCBC Frank's lower minimum requirement means they're also more accessible. Young adults with lower budgets might also appreciate that OCBC Frank Card's annual fee is just S$80, is waived the 1st 2 years, and can subsequently be waived with just S$10k annual spend. Overall, OCBC Frank Card offers social young spenders an accessible way to earn competitive cashback, without worrying about added fees.
  • Stand-Out: 6% rebate on FX, online, and mobile purchases after just S$600 monthly spend
  • Promotions:
  • Read Our Full Review
  • Annual fee: S$80 (waived for two years)
  • Automatic annual fee waiver with min annual spend of S$10,000
  • 6% rebate on online and app spend
  • 6% rebate on mobile contactless payments (Apple Pay, Samsung Pay, Google Pay, Garmin Pay and Fitbit Pay)
  • 6% rebate on foreign currency spend
  • 0.3% cashback on all other spend
  • Monthly cashback capped at S$75
If you're unlikely to reliably spend S$600 every month, you can still earn competitive cashback with OCBC Frank Card. With as little as S$400 offline spend, consumers earn 6% rebate online and 5% on weekend local entertainment & at select cafes (3% on weekdays). While these rebates are lower and slightly more limited than those offered by UOB YOLO Card, OCBC Frank's lower minimum requirement means they're also more accessible. Young adults with lower budgets might also appreciate that OCBC Frank Card's annual fee is just S$80, is waived the 1st 2 years, and can subsequently be waived with just S$10k annual spend. Overall, OCBC Frank Card offers social young spenders an accessible way to earn competitive cashback, without worrying about added fees.

OCBC 365 Card: No-Fee Rebates on Essentials

  • Annual fee: S$192.60 (automatic annual fee waiver with min annual spend of S$10,000)
  • 6% rebate on local, overseas dining & online food delivery
  • 3% rebate on local, overseas and online groceries
  • 3% rebate on land transport, utilities (telco and electricity bills) & online travel
  • 5% rebate on petrol (up to 22.1% fuel savings at Caltex and 20.2% with Esso)
  • 0.3% cashback on all other spend
  • Visa Signature Privileges
If you'd like to avoid paying an annual fee but still want to earn competitive cashback on daily spend, OCBC 365 Card may be the card for you. Cardholders earn 6% rebate on dining & online food delivery and 3% on groceries, land transport, online travel bookings and even recurring bills (excluded by both DBS Live Fresh and UOB YOLO). While the minimum spend requirement is slightly higher at S$800, the rewards cap is also higher at S$80/month. Even better, the S$192.6 annual fee is waived for 2 years, and then with just S$10k annual spend. Established consumers looking for an everyday card might prefer OCBC 365 Card, while younger spenders may prefer either DBS Live Fresh or UOB YOLO Card.
  • Stand-Out: High travel & dining cashback plus exclusive travel deals
  • Promotions:
  • Read Our Full Review
  • Annual fee: S$192.60 (automatic annual fee waiver with min annual spend of S$10,000)
  • 6% rebate on local, overseas dining & online food delivery
  • 3% rebate on local, overseas and online groceries
  • 3% rebate on land transport, utilities (telco and electricity bills) & online travel
  • 5% rebate on petrol (up to 22.1% fuel savings at Caltex and 20.2% with Esso)
  • 0.3% cashback on all other spend
  • Visa Signature Privileges
spend, OCBC 365 Card may be the card for you. Cardholders earn 6% rebate on dining & online food delivery and 3% on groceries, land transport, online travel bookings and even recurring bills (excluded by both DBS Live Fresh and UOB YOLO). While the minimum spend requirement is slightly higher at S$800, the rewards cap is also higher at S$80/month. Even better, the S$192.6 annual fee is waived for 2 years, and then with just S$10k annual spend. Established consumers looking for an everyday card might prefer OCBC 365 Card, while younger spenders may prefer either DBS Live Fresh or UOB YOLO Card.

Citi SMRT Card: Easy Cashback for Young Professionals

  • Annual fee: S$192.60 (first 2 years- waived)
  • Up to 5% SMRT$ on groceries and online spend
  • 5% SMRT$ on EZ-Link Auto Top-Up SimplyGo
  • 5% on Taxis and private-hire rides
  • Up to 14% fuel savings at Esso and Shell
  • S$600 cap on SMRT$ rebate annually.
Citi SMRT Card is a great option for young professionals because it offers competitive rates with popular merchants without imposing high minimum spend requirements. Cardholders earn 5% rebate on groceries (7.3% for FairPrice Xtra Kallang Wave), 5% on fast food movies & coffee, 3% on online shopping and 2% on health & wellness. While many of these rates are in fact contingent on S$300 minimum spend, those with smaller budgets earn just 0.3% less. Also, while many of these categories are merchant restricted, the eligible vendors are quite popular (Sheng Siong, McDonald's, Starbucks, and Cathay Cineplexes to name a few). As a result, Citi SMRT Card is perhaps the best bet for young professionals with limited budgets who are looking for their own version of an everyday card; DBS Live Fresh and UOB YOLO Card have stricter requirements that make them less accessible.
  • Annual fee: S$192.60 (first 2 years- waived)
  • Up to 5% SMRT$ on groceries and online spend
  • 5% SMRT$ on EZ-Link Auto Top-Up SimplyGo
  • 5% on Taxis and private-hire rides
  • Up to 14% fuel savings at Esso and Shell
  • S$600 cap on SMRT$ rebate annually.
Citi SMRT Card is a great option for young professionals because it offers competitive rates with popular merchants without imposing high minimum spend requirements. Cardholders earn 5% rebate on groceries (7.3% for FairPrice Xtra Kallang Wave), 5% on fast food movies & coffee, 3% on online shopping and 2% on health & wellness. While many of these rates are in fact contingent on S$300 minimum spend, those with smaller budgets earn just 0.3% less. Also, while many of these categories are merchant restricted, the eligible vendors are quite popular (Sheng Siong, McDonald's, Starbucks, and Cathay Cineplexes to name a few). As a result, Citi SMRT Card is perhaps the best bet for young professionals with limited budgets who are looking for their own version of an everyday card; DBS Live Fresh and UOB YOLO Card have stricter requirements that make them less accessible.

Cashback Credit Card Comparison Tables

Credit CardMin. SpendRebatesCap
Citi Cash Back S$888
  • 8% dining, groceries & petrol
S$75/mo
Citi SMRT N/A
  • Up to 7% groceries, 5% fast food, movies & coffee
  • 3% online, 2% health & wellness
S$50/mo
DBS Live Fresh S$600
  • 5% online & contactless
S$75/mo
OCBC 365 S$800
  • 6% dining & food delivery
  • 3% groceries, transport, online travel, bills
S$80/mo
OCBC Frank S$400
  • 6% online purchases
  • 5% wknd local entertainment & select cafes (3% wkdays)
S$60/mo
POSB Everyday Varies
  • 10% online food delivery
  • 5% dining & select groceries
  • 3% personal care at Watsons, 1% recurring bills
Varies
UOB One S$500-S$2k
  • Up to 5% flat rebate
S$100+/mo
UOB EVOL S$600
  • Up to 8% online and contactless
S$60/mo
Citi SMRT rebates are merchant-restricted. OCBC Frank's minimum refers to offline spend only
Credit CardTravel InsPetrol SavingsCard Perks
Citi Cash Back Coverage up to S$1MUp to 20.88% fuel savings at Esso & ShellCiti World Privileges, Citi Gourmet Pleasures
Citi SMRT N/AUp to 14% fuel savings at Esso & ShellCiti World Privileges, Citi Gourmet Pleasures
DBS Live Fresh N/AUp to 14% fuel savings at Esso#FreshDropFriday Sweeps
OCBC 365 Coverage up to S$500kUp to 22.1% savings at Caltex, 20.2% at Esso and 5% cashback at all other petrol stationsVisa Concierge & Luxury Hotels
OCBC Frank N/AUp to 20% fuel savings at Sinopec, 16% at Caltex, 14% at EssoFrank Hot Deals
POSB Everyday N/AUp to 21.8% fuel savings at SPC stationsPOSB Merchant Deals
UOB One Coverage up to S$500kUp to 24% fuel savings at SPC, 21.15% at ShellUOB SMART$, UOB Travel & Dining Advisors
UOB YOLO Coverage up to S$500kUp to 20% fuel savings at SPC, 14% at ShellUOB SMART$, YOLO events
Travel insurance refers to free travel accident coverage for the principal cardholder
Credit CardAnnual FeeSpend WaiverPromotion
Citi Cash Back S$192.60Waived for 1 year
Citi SMRT Back S$192.60Waived for 2 years
DBS Live Fresh S$192.60Waived for 1 year
OCBC 365 S$192.60Waived for 2 years with min spend of S$10,000/year
OCBC Frank S$80Waived 2 years, & subsequently with S$10,000 annual spend
POSB Everyday S$192.60Waived for annual spend of S$12,000
UOB One S$192.60Waived for 1 year
UOB EVOL S$192.60Waived for 1 year, then waived with min 3 monthly transactions
Waivers and bonuses subject to change. See card websites for further details

Learn More About Finding the Best Credit Card for You

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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