UOB One Card: Highest Flat Rate Cashback Card

UOB One Card: Highest Flat Rate Cashback Card

Maximum Cashback for Stable Budgets

Good for

  • Consumers who reliably spend at least S$2,000 per month
  • People looking for easy cashback on daily spend
  • Those who want rebates for paying their bills

Bad for

  • High spenders seeking unlimited rewards
  • Low spenders with an inconsistent budget
  • Individuals who prefer a no-fee card

Editor's Rating

4.5/5.0

If you consistently spend at least S$2,000/month, there’s no better way to maximise your cashback than with UOB One Card, which offers up to 5% flat rebate, boosted to 10% on Grab & select UOB Travel and 6% on utilities. At this spend level, cardholders can earn up to S$300/quarter, or S$100/month–one of the highest potential earning rates on the market. Lower or inconsistent spenders with budgets as low as S$500/month can also earn a 3.33% cashback. Additionally, spend with popular merchants like Cold Storage and Cathay Cineplexes earns up to an additional 10% rebate, through UOB SMART$ Programme. Ultimately, if you’re looking for a convenient card that rewards stable budgets with top rates, there’s no better option than UOB One Card.

ProsCons
  • Up to 5% general rebate (up to S$300/qtr)
  • Up to 10% on Grab & UOB Travel, 6% on utilties
  • UOB SMART$ Rebate Programme for add'l savings
  • Complimentary travel insurance
  • Only 1st yr fee-waiver
  • Lower rate for inconsistent spenders
  • Rebate system can be hard to navigate
  • Cash rebates expire (2 years after earned)
Promotions:
  • New and existing cardholders will get S$20 cash upon approval
  • Bonus +5% rebate (up to 10%) on Grab & UOB Travel Planner
  • Bonus +1% rebate (up to 6%) on Singapore Power utilities bill

What Makes UOB One Card Stand Out

Average consumers with consistent spending habits can maximise rewards and offset their spend through UOB One Card's unique rebate system. The card is best fit for a reliable budget. Cardholders earn cashback based on their lowest monthly spend within a quarter (3 month period). Those who spend at least S$2,000 per month earn S$300 of cashback for that quarter, which is equal to up to 5% flat cashback on all purchases. Across a year, this adds up to S$1,200 of savings. Cashback is boosted another +5% on Grab and select UOB Travel expenditures (up to 10% total) and +1% on Singapore Power bills (up to 6% total). All electric bills are elgible for up to 5% rebate rate, however, and some–like Diamond Electric–also offer UOB cardholders special promotional savings on plans.

Quarterly General Rebate System Based on Minimum Monthly Spend

Low SpendMedium SpendHigh Spend
Monthly Minimum SpendS$500S$1,000S$2,000
Minimum Spend for QuarterS$1,500S$3,000S$6,000
Total RebateS$50S$100S$300
Rebate Rate3.33%3.33%5.00%
Cardholder must make 5 transactions per month for all 3 months within the quarter to be eligible for cash rebate

Regardless of spend level, all cardholders can still benefit from access to UOB SMART$ Rebate Programme, which offers additional rebates with select merchants. Cardholders can earn up to 2% SMART$ rebate at supermarkets like Jasons, Giant and Cold Storage, theatres like Cathay Cineplexes, wellness merchants like Guardian, and more. Purchases 'double count'–first towards monthly spend, which determines rebate tier, and second by earning SMART$. 1 SMART$ equals S$1, and like the quarterly cash rebate, SMART$ are used to offset future purchases.

CategorySample MerchantsMaximum Rebate
DiningBreadTalk, BreadTalk Café, Bread Society, Hard Rock Café, Pasarbella, Polar Puffs & CakesUp to 3%
GroceriesCold Storage, Giant, Jasons, Market PlaceUp to 2%
LeisureCathay Cineplexes, City ToursUp to 10%
ShoppingbYSI, Capital Optical, Crocodile, DHL, Gordon Max, Integrated Eyecare Centre, Metro, Paris Miki, Unique Fine Pearl, Winter TimeUp to 3%
WellnessGuardianUp to 2%

However, UOB One Card is less beneficial to irregular, low, or high spenders. Because cashback depends on the lowest monthly spend during the quarter, a consumer with an inconsistent budget can easily miss out on higher earning potential. Spending just S$1 less than S$2,000–even for 1 month–drops a cardholder's quarterly rebate from S$300 to S$100 (and continues to drop for each tier). Not only that, high spenders can also be disadvantaged due to the monthly cap on rebates, which doesn't exist for unlimited cashback cards like American Express True Cashback Card or miles-earning cards like Citi PremierMiles Visa Card.

Ultimately, UOB One Card is best for average consumers with a consistent budget, seeking to maximise rewards and offset their future purchases. While the annual fee of S$192.6 is only waived the first year, the rebate potential of UOB One Card and UOB SMART$ Rebate Programme combined offers an easy way to quickly and conveniently recoup the cost. And, while rebates must be applied towards future purchases, they are a great fit for those who prioritise saving money over miles, rewards, or vouchers. UOB One Card may be a bit complex with its rebate structure, but for organised consumers, this card could be an excellent fit.

How Does UOB One Card Rewards Program Work?

Use our quick and easy-to-read guide below to learn how you you can redeem UOB One Card rewards.

  • Every 1 dollar of cashback earned is equal to S$1
  • Cash rebate is credited to the cardholder's account 1 month after the end of each quarter
  • Cash rebate earned must be used to offset future transactions
  • Cash rebate expires 2 calendar years from the quarter in which it was earned
  • Cashback is automatically forfeited and is non-transferable when an account is closed

UOB One Card Rewards Exclusions

The following credit card expenditures are ineligible for cash back or rebate.

Cash advances; interest, fees and charges imposed by the bank, including late payment charges, interest charges, and annual or monthly fees; balance and/or funds transfers to or from the card account; any credit card transaction that was subsequently cancelled, voided or reversed; monthly instalments under 0% Instalment Payment Plan and SmartPay; wire transfers/remittances
Quasi cash remote stored value load merchant rentals & money transfers; stored value card purchase & load; transactions made with the following: AXS, CITYINDEX, EZ-LINK, FLASHPAY, NETSFLASHPAY, MONEYBOOKERS, OANDA ASIA PAC, PAYPAL (Plus500, Bizconsulta & more), PLUS500, Saxo Cap Mkts, SKR, SKRILL, TRANSIT, TRANSITLINK, IGMARKETS, MYEZLINK & more
Direct marketing for insurance services and insurance sales/underwriting; member financial institution merchandise and services; quasi cash financial institutions merchandise and services; quasi cash merchant non-financial institutions (foreign currency, non-fiat currency, cryptocurrency); securities brokers & dealers; school (elementary and secondary); colleges, universities, professional schools and junior colleges; correspondence schools; business and secretarial schools; trade and vocational schools; charitable, social service, religious, and/or political organisations; court costs including alimony and child support; fines, bail & bond payments; tax payments; postal services (government only); intra-government purchases (government only); all other government services
Nondurable goods; real estate agents & managers, rentals; cleaning, maintenance and janitorial services or property management; quasi cash truck stop transactions; gambling & betting (lottery tickets, casino, gaming chips, off-track betting, wagers at race tracks)

UOB One Card's Features and Benefits:

Details & Benefits
Annual FeeS$192.6, Waived for 1 year
Annual Income RequirementS$30,000 for locals, S$40,000 for foreigners
Card Details
  • 5% rebate (S$300/qtr) with S$2,000/mo. min. spend for 3 mo.
  • +5% rebate on Grab & select UOB Travel (up to 10%)
  • +1% rebate on recurring utilities (up to 6%)
  • 3.33% rebate (S$100/qtr) with S$1,000/mo. min. spend for 3 mo.
  • 3.33% rebate (S$50/qtr) with S$500/mo. min. spend for 3 mo.
  • 0.03% rebate on all spend if no rebate earned for calendar year
  • UOB SMART$ Rebate Programme for additional savings
  • Complimentary travel insurance
Promotions:
  • New and existing cardholders will get S$20 cash upon approval
  • Bonus +5% rebate (up to 10%) on Grab & UOB Travel Planner
  • Bonus +1% rebate (up to 6%) on Singapore Power utilities bill

How does UOB One Card Compare Against Other Cards?

Read our comparisons of UOB One 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.

Compared to the market average, UOB One Card provides a much higher value-to-consumer after two years, based on an average monthly spend of S$2,000

UOB One Card v. Maybank FC Barcelona Card v. American Express True Cashback Card v. Standard Chartered Unlimited Cashback Credit Card

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Button\" data-eventlabel=\"American Express True Cashback Card\" class=\"ShortcodeLink--root AffiliateButton--button js-event-click\" rel=\"nofollow noopener\" target=\"_blank\" title=\"American Express True Cashback Card\" href=\"\/redirect?link=https%3A%2F%2Faffiliate.valuechampion.sg%2Fredirect%3Flink%3Dhttps%253A%252F%252Fsingsaver.link%252Fvc-amex-tcc\"\u003EApply Now \u003C\/a\u003E\n\u003C\/div\u003E\n \u003C\/div\u003E\n \u003C\/div\u003E\n\u003C\/div\u003E\n","\n\u003Cdiv class=\"AffiliateBannerMobile--root\"\u003E\n \u003Cdiv class=\"AffiliateBanner--root \"\u003E\n \u003Cdiv class=\"AffiliateBanner--image\"\u003E\n \u003Cdiv class=\"ShortcodeImageBare--root \"\u003E\n \u003Cdiv class=\"ShortcodeImageBare--image-container\"\u003E\n \u003Ca class=\"js-event-click\" data-eventcategory=\"Affiliate credit_cards: Standard Chartered Unlimited Cashback Credit Card - Image\" data-eventlabel=\"Standard Chartered Unlimited Cashback Credit Card\" rel=\"nofollow noopener\" target=\"_blank\" title=\"Standard Chartered Unlimited Cashback Credit Card\" href=\"\/redirect?link=https%3A%2F%2Faffiliate.valuechampion.sg%2Fredirect%3Flink%3Dhttps%253A%252F%252Fsingsaver.link%252Fvc-scbunlimited\"\u003E\u003Cimg alt=\"Standard Chartered Unlimited Cashback Credit Card\" class=\"ShortcodeImage--image\" style=\"width: 200px;\" src=\"https:\/\/res.cloudinary.com\/valuechampion\/image\/upload\/c_fit,dpr_1.0,f_auto,h_1600,q_auto,w_200\/v1\/singapore_credit_cards\/SC-unlimited-cashback-card\" srcset=\"https:\/\/res.cloudinary.com\/valuechampion\/image\/upload\/c_fit,dpr_1.0,f_auto,h_1600,q_auto,w_200\/v1\/singapore_credit_cards\/SC-unlimited-cashback-card 1x, https:\/\/res.cloudinary.com\/valuechampion\/image\/upload\/c_fit,dpr_2.0,f_auto,h_1600,q_auto,w_200\/v1\/singapore_credit_cards\/SC-unlimited-cashback-card 2x\"\u003E\u003C\/a\u003E\n \n \u003C\/div\u003E\n\u003C\/div\u003E\n \u003C\/div\u003E\n \u003Cdiv class=\"AffiliateBanner--link\"\u003E\n \u003Cdiv class=\"AffiliateButton--root \"\u003E\n \u003Ca data-eventcategory=\"Affiliate credit_cards: Standard Chartered Unlimited Cashback Credit Card - Button\" data-eventlabel=\"Standard Chartered Unlimited Cashback Credit Card\" class=\"ShortcodeLink--root AffiliateButton--button js-event-click\" rel=\"nofollow noopener\" target=\"_blank\" title=\"Standard Chartered Unlimited Cashback Credit Card\" href=\"\/redirect?link=https%3A%2F%2Faffiliate.valuechampion.sg%2Fredirect%3Flink%3Dhttps%253A%252F%252Fsingsaver.link%252Fvc-scbunlimited\"\u003EApply Now \u003C\/a\u003E\n\u003C\/div\u003E\n \u003C\/div\u003E\n \u003C\/div\u003E\n\u003C\/div\u003E\n\u003Cdiv class=\"AffiliateBannerDesktop--root\"\u003E\n \u003Cdiv class=\"AffiliateBanner--root \"\u003E\n \u003Cdiv class=\"AffiliateBanner--image\"\u003E\n \u003Cdiv class=\"ShortcodeImageBare--root \"\u003E\n \u003Cdiv class=\"ShortcodeImageBare--image-container\"\u003E\n \u003Ca class=\"js-event-click\" data-eventcategory=\"Affiliate credit_cards: Standard Chartered Unlimited Cashback Credit Card - Image\" data-eventlabel=\"Standard Chartered Unlimited Cashback Credit Card\" rel=\"nofollow noopener\" target=\"_blank\" title=\"Standard Chartered Unlimited Cashback Credit Card\" href=\"\/redirect?link=https%3A%2F%2Faffiliate.valuechampion.sg%2Fredirect%3Flink%3Dhttps%253A%252F%252Fsingsaver.link%252Fvc-scbunlimited\"\u003E\u003Cimg alt=\"Standard Chartered Unlimited Cashback Credit Card\" class=\"ShortcodeImage--image\" style=\"width: 200px;\" src=\"https:\/\/res.cloudinary.com\/valuechampion\/image\/upload\/c_fit,dpr_1.0,f_auto,h_1600,q_auto,w_200\/v1\/singapore_credit_cards\/SC-unlimited-cashback-card\" srcset=\"https:\/\/res.cloudinary.com\/valuechampion\/image\/upload\/c_fit,dpr_1.0,f_auto,h_1600,q_auto,w_200\/v1\/singapore_credit_cards\/SC-unlimited-cashback-card 1x, https:\/\/res.cloudinary.com\/valuechampion\/image\/upload\/c_fit,dpr_2.0,f_auto,h_1600,q_auto,w_200\/v1\/singapore_credit_cards\/SC-unlimited-cashback-card 2x\"\u003E\u003C\/a\u003E\n \n \u003C\/div\u003E\n\u003C\/div\u003E\n \u003C\/div\u003E\n \u003Cdiv class=\"AffiliateBanner--link\"\u003E\n \u003Cdiv class=\"AffiliateButton--root \"\u003E\n \u003Ca data-eventcategory=\"Affiliate credit_cards: Standard Chartered Unlimited Cashback Credit Card - Button\" data-eventlabel=\"Standard Chartered Unlimited Cashback Credit Card\" class=\"ShortcodeLink--root AffiliateButton--button js-event-click\" rel=\"nofollow noopener\" target=\"_blank\" title=\"Standard Chartered Unlimited Cashback Credit Card\" href=\"\/redirect?link=https%3A%2F%2Faffiliate.valuechampion.sg%2Fredirect%3Flink%3Dhttps%253A%252F%252Fsingsaver.link%252Fvc-scbunlimited\"\u003EApply Now \u003C\/a\u003E\n\u003C\/div\u003E\n \u003C\/div\u003E\n \u003C\/div\u003E\n\u003C\/div\u003E\n"],"offsetPercentage":20}

Maybank FC Barcelona Visa Signature Card, American Express True Cashback Card and Standard Chartered Unlimited Cashback Credit Card are decent alternatives for UOB One Card. These cards provide unlimited cashback of about 1.5% on nearly all purchases without a minimum spend requirement. Given this, these cards may be better than UOB One Card for consumers who spend at least S$6,000 per month. Overall, Maybank FC Barcelona Card stands out for its slightly higher rebate of 1.6% and an easy annual fee waiver, Amex True Cashback Card comes with the renowned customer service, and SC Unlimited Cashback Card offers a 0% instalment payment plan for up to 36 months and doubles as a SimplyGo Card.

Ultimately, UOB One Card benefits average consumers who spend of S$2,000/month, while only the highest spenders can earn greater cashback with Amex True Cashback Card or SC Unlimited Cashback Credit Card.

UOB One Card v. HSBC Advance Credit Card

Consider this if you either make S$3,500 per month, have S$30,000 of cash savings or have a home loan with HSBC

Annual Income Requirement S$30,000
Foreigner Income Requirement S$40,000

HSBC Advance Banking customers can leverage their status to maximise cashback rewards with the no-fee, flat-rate HSBC Advance Credit Card. Banking customers earn 2.5% cashback when monthly spend is S$2,000 or below, and 3.5% cashback when spend is above. Earnings are capped at S$125/month (equal to S$375/quarter, compared to UOB One Card's S$300). In addition, while UOB One Card's annual fee is waived only the first year, HSBC Advance Credit Card's fee is perpetually waived for HSBC Advance Banking customers.

Non-Banking customers, however, do not receive these same benefits. Rates drop to 1.5% when monthly spend is S$2,000 and below, and just 2.5% when above. The monthly cap is only S$70/month, and an annual fee of S$192.6 applies. For HSBC Advance Banking customers, HSBC Advance Credit Card may be one of the best flat rate cashback cards on the market, but for non-Banking customers who spend at least S$2,000 per month, UOB One Card is likely a better alternative.

UOB One Card v. UOB YOLO Card

Consider this if you are a young adult looking for discounts and perks on dining, entertainment and travel spending

Annual Income Requirement S$30,000
Foreigner Income Requirement S$40,000

UOB YOLO Card is a great fit for young adults looking to maximise cashback for social spend. Cardholders receive 8% cashback on Grab rides, dining, and entertainment on weekends, and 3% for the same on weekdays–plus 3% for online fashion and travel spend. These rates are equal to or higher than the rates UOB One Card offers to its medium and high tier spenders. UOB YOLO Cardholders can also earn cashback after reaching a minimum spend of just S$600, with no quarterly contingencies.

The difference, however, is that UOB YOLO Card limits earnings to S$60/month, equal to S$180/quarter (compared to the potential S$300 with UOB One Card). Young adults with spend focused on weekend dining and entertainment can quickly earn cashback with UOB YOLO Card, but consumers who spend at least S$2,000 per month can earn far more from UOB One Card, due to its higher rebate cap.

UOB One Card v. Standard Chartered Manhattan World MasterCard

Standard Chartered Manhattan World MasterCard
Standard Chartered Manhattan World MasterCard

Consider this if you are interested in a flat rate cashback card

Annual Income Requirement S$30,000
Foreigner Income Requirement S$60,000

Standard Chartered Manhattan World MasterCard may also cater to average spenders with consistent budgets, looking for flat rate cashback rewards. However, SC Manhattan World MasterCard is far less generous and ultimately, less rewarding. Spend below S$1,000/month earns only 0.5% cashback (versus 3.33% for UOB One Card) and the maximum spend of S$3,000/month and above earns just 3% (versus 5%). And, while the S$200 quarterly cap applies to all tiers, it's nearly impossible for lower spenders to reach this cap at 0.5% cashback. At the same time, this cap will limit higher spenders earning at the 3% rate.

Ultimately, average spenders interested in a flat rate cashback card might instead consider UOB One Card.

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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