DBS Live Fresh vs. UOB YOLO Credit Card Comparison 2020

Even young adults can maximise cashback on their spend with the right credit card. DBS Live Fresh and UOB YOLO 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 YOLO 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 YOLO 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 YOLO 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 YOLO

CategoryFeatureDBS Live FreshUOB YOLO
RatesMin. Spend Req.S$600/moS$600/mo
Rebate Boosts
  • 5% online shopping
  • 5% Visa payWave purchases
  • 8% on wknd entertainment, dining, Grab, UOB Travel (3% wkdays)
  • 3% online fashion & travel bookings
Earnings Cap
  • S$60
  • S$80
PerksPetrol SavingsUp to 14% fuel savings at EssoUp to 13.6% fuel savings at Shell
CompatibilitySimplyGo & Mobile Pay CompatibleSimplyGo & Mobile Pay Compatible
Card Privileges#FreshDropFriday SweepstakesUOB SMART$, UOB Dining & Lifestyle Deals, UOB Travel Insider
FeesAnnual FeeS$192.6S$192.6
Waiver OptionWaived for 1 yearWaived for 1 year
Additional details apply. See sections below or card websites for a further breakdown of information

Rewards Rates: DBS Live Fresh vs. UOB YOLO Card

While both DBS Live Fresh and UOB YOLO Card offer competitive rates, their rebate systems are structured quite differently. 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.

UOB YOLO Card instead offers category-specific boosts. Cardholders can earn up to 8% cashback, but only in specific categories and only on weekends. Weekday purchases earn at lower rates, and non-category transactions earn just 0.30%. While UOB YOLO Card is less flexible than DBS Live Fresh, the areas it does reward are well-suited to young adults (dining, entertainment, Grab, online fashion & travel) and the 8% rate is also higher.

Comparison Table: Cashback Rewards

FeatureDBS Live FreshUOB YOLO
Rebate StructureMonthly SystemMonthly System
Rate StructureCategory BoostsCategory Boosts
Base Rate0.30%0.30%
Min. Spend Req.S$600S$600
Boosts
  • 5% online shopping
  • 5% Visa payWave purchases
  • 8% on wknd entertainment, dining, Grab, UOB Travel (3% wkdays)
  • 3% online fashion & travel
Mo. Rewards Cap
  • S$60
(S$20/category)
  • S$60
Max Annual EarningsS$720S$720
Additional details apply. See card websites for a further breakdown of information

Despite these differences, DBS Live Fresh and UOB YOLO have some rebate system similarities. In both cases, consumers must hit a S$600 minimum spend requirement to unlock higher rates, and total earnings are capped at S$60/month. It's worth mentioning, however, that DBS Live Fresh Card caps rewards categories individually: online purchases, contactless transactions and general spend are each capped at S$20 (adding up to the S$60 total). Given the rather high 5% rate in the first 2 categories, it's possible to earn S$40 with just S$800 spend. However, consumers would have to spend S$6,667 on general retail to max out the last S$20, given the low 0.30% base rate. Therefore, DBS Live Fresh cardholders might instead expect to earn S$40/month, while UOB YOLO cardholders have a better chance of earning the full S$60 (maxed out with as little as S$750 spend).

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

Both DBS Live Fresh and UOB YOLO 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 YOLO 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 YOLO Card offers a fairly comprehensive plan.

Comparison Table: Card Perks & Privileges

FeatureDBS Live FreshUOB YOLO
Travel InsuranceN/AS$500k Personal Accident; S$50k Medical, Evac & Repatriation
Petrol SavingsUp to 14% fuel savings at EssoUp to 13.6% fuel savings at Shell
Transit PerksSimplyGo CompatibleSimplyGo Compatible
Mobile PayGoogle Pay, Apple Pay, Samsung Pay & moreGoogle Pay, Apple Pay, Samsung Pay, UOB Mighty & more
Card Privileges#FreshDropFriday Sweepstakes, DBS Dining & Lifestyle DealsUOB SMART$ Rebate Programme, UOB Dining & Lifestyle Deals, UOB Travel Insider, YOLO social events
Additional details apply. See card websites for a further breakdown of information

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

DBS Live Fresh and UOB YOLO Card are also quite similar in terms of fees and requirements. Both have a S$192.6 annual fee, waived just 1 year. Many alternatives offer longer fee waivers or a spend-based waiver option. Nonetheless, you may be able to call in after your 1st 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 YOLO
Minimum Age21 yo21 yo
Minimum Income
  • SG & PR: S$30,000
  • Foreigners: S$45,000
  • SG & PR: S$30,000
  • Foreigners: S$40,000
Annual FeeS$192.6S$192.6
Waiver OptionWaived for 1 yearWaived for 1 year
Sign-on BonusS$200 cashback w/ promo code "DBSFlash"New cardholders will receive S$80 cash via Paynow & Existing cardholders will receive S$20 worth of GrabFood Vouchers
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 YOLO 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: New cardholders will receive S$50 cashback & S$50 Grab Vouchers
  • S$20 cashback (existing cardholders)
  • Additional 4% cashback on all bonus categories (online, in-store mobile contactless and foreign currency made in-store) min. spend of S$600. Capped at S$25
  • 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: New cardholders will receive S$50 cashback & S$50 Grab Vouchers
  • S$20 cashback (existing cardholders)
  • Additional 4% cashback on all bonus categories (online, in-store mobile contactless and foreign currency made in-store) min. spend of S$600. Capped at S$25
  • 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.

OCBC 365 Card: No-Fee Rebates on Essentials

  • Up to 6% rebate on dining, groceries, transport & more
  • Promotions: Free S$100 Grab Food Voucher (new customers) via our partnership with SGSaver
  • Free S$50 cash w/ S$300 min. spend in 1st mo (existing customers)
  • Boost to 6% cashback on groceries & at convenience stores
  • Read Our Full Review
  • Annual fee: S$192.6, 2-year waiver, subsequently with S$10,000 annual spend
  • 6% rebate on dining & online food delivery
  • 3% rebate on groceries, land transport, recurring bills & online travel
  • Up to 23% fuel savings with Caltex, 20.4% with Esso, 5% other stations
  • Free travel insurance, 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: Up to 6% rebate on dining, groceries, transport & more
  • Promotions: Free S$100 Grab Food Voucher (new customers) via our partnership with SGSaver
  • Free S$50 cash w/ S$300 min. spend in 1st mo (existing customers)
  • Boost to 6% cashback on groceries & at convenience stores
  • Read Our Full Review
  • Annual fee: S$192.6, 2-year waiver, subsequently with S$10,000 annual spend
  • 6% rebate on dining & online food delivery
  • 3% rebate on groceries, land transport, recurring bills & online travel
  • Up to 23% fuel savings with Caltex, 20.4% with Esso, 5% other stations
  • Free travel insurance, 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

  • Rebates w/ popular merchants, 2% on Auto Top-Ups
  • Promotions: Receive up to S$120 cashback with S$1.2k min. spend in 1st 3mo
  • Read Our Full Review
  • Annual fee: S$192.6, 2-year waiver
  • Up to 7% rebate on groceries, 5% on fast food, movies & coffee
  • 3% online shopping, 2% on health & wellness
  • EZ-Reload functionality with 2% rebate on Auto Top-Ups
  • SimplyGo/ABT compatible
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 up to 7% rebate on groceries, 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.
  • Stand-Out: Rebates w/ popular merchants, 2% on Auto Top-Ups
  • Promotions: Receive up to S$120 cashback with S$1.2k min. spend in 1st 3mo
  • Read Our Full Review
  • Annual fee: S$192.6, 2-year waiver
  • Up to 7% rebate on groceries, 5% on fast food, movies & coffee
  • 3% online shopping, 2% on health & wellness
  • EZ-Reload functionality with 2% rebate on Auto Top-Ups
  • SimplyGo/ABT compatible
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 up to 7% rebate on groceries, 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$60/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
  • 15% online food delivery & catering
  • 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 YOLO S$600
  • Up to 8% wknd dining, entertainment & Grab (3% wkdays)
  • 3% online fashion & travel
S$60/mo
Citi SMRT rebates are merchant-restricted. OCBC Frank's minimum refers to offline spend only. POSB Everyday Card's minimum is a Personalised Spend Goal set by the bank and varies by consumer; its rebates are primarily merchant-restricted and its earnings cap varies according to promotions
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 24% fuel savings at Sinopec, 23% at Caltex, 20.4% at EssoVisa 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 20.1% fuel savings at SPCPOSB Merchant Deals
UOB One Coverage up to S$500kUp to 28.72% fuel savings at ShellUOB SMART$, UOB Travel & Dining Advisors
UOB YOLO Coverage up to S$500kUp to 13.6% fuel savings at ShellUOB SMART$, YOLO events
Travel insurance refers to free travel accident coverage for the principal cardholder
Credit CardAnnual FeeSpend WaiverPromotion
Citi Cash Back S$192.6Waived for 1 yearNew cardholders get a set of Airpods Pro (worth S$379) or S$300
Citi SMRT Back S$192.6Waived for 2 yearsReceive up to S$120 cashback with S$1.2k min. spend in 1st 3mo
DBS Live Fresh S$192.6Waived for 1 yearS$200 cashback w/ promo code "DBSFlash"
OCBC 365 S$192.6Waived 2 years, & subsequently with S$10,000 annual spendFree S$100 cash via PayNow (new customers) via our partnership with SGSaver
OCBC Frank S$80.0Waived 2 years, & subsequently with S$10,000 annual spendNew cardholders will receive S$50 cashback & S$50 Grab Vouchers
POSB Everyday S$192.6Waived for 1 yearReceive S$200 cash back with promo code "DBSFLASH"
UOB One S$192.6Waived for 1 yearNew cardholders will receive S$80 cash via Paynow & Existing cardholders will receive S$20 worth of GrabFood Vouchers
UOB YOLO S$192.6Waived for 1 yearNew cardholders will receive S$80 cash via Paynow & Existing cardholders will receive S$20 worth of GrabFood Vouchers
Waivers and bonuses subject to change. See card websites for further details

Learn More About Finding the Best Credit Card for You

Carrie Arndt

Carrie is a Senior Analyst at ValueChampion, specialising in credit cards in Singapore. She previously led consumer studies worldwide as a Senior Research Executive at MMR Research.

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