UOB One vs. OCBC 365 Credit Card Comparison 2024

Table of Contents: UOB One Card vs. OCBC 365 Card

• Summary: UOB One Card vs. OCBC 365 Card
• Comparison of Rewards Rates

• 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 to Similar Rebate Cards
• Additional Resources

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.

Comparison of Competitive Rebate Cards in Singapore by Estimated 2-Year Dollar Value

Overview	Rewards Rates	Perks & Privileges
Fees & Reqs	Similar Cards	Add'l Resources

• Overview: UOB One v. OCBC 365
• Comparison of Rewards Rates
• Comparison of Perks & Privileges

• Comparison of Fees & Reqs
• Comparison to Similar Cards
• Additional Resources

Table of Contents

• Summary: UOB One vs. OCBC 365
• Comparison of Rewards Rates
• Comparison of Perks & Privileges
• Comparison of Card Fees & Requirements
• Comparison to Similar Rebate Cards
• Additional Resources

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.

Comparison of Competitive Rebate Cards in Singapore by Estimated 2-Year Dollar Value

Overview: UOB One Card vs. OCBC 365 Card

	Apply Now Apply Now	Apply Now Apply Now

UOB One Card and OCBC 365 Card are amongst the absolute best everyday cashback cards on the market for average consumers. In fact, consumers can earn competitive rebate rates on nearly all of their spend, without having to worry about merchant restrictions or individual category caps.

Summary Comparison Table: UOB One vs. OCBC 365

Nonetheless, UOB One Card and OCBC 365 Card also have their differences. In fact, their actual rebate structures vary significantly, ultimately catering to consumers with very different spending behaviours. We've outlined these differences in our analyses below so you can determine which option better aligns with your own needs and habits.

Rewards Rates: UOB One Card vs. OCBC 365 Card

While both competitive, UOB One Card and OCBC 365 Card have very different rebate structures. UOB One Card has a quarterly system, meaning that cashback rates are contingent on spending behaviour across 3 consecutive months and rewards are allocated to the consumer's account at the end of the period. Cardholders who consistently spend S$2k+/month every month for the full quarter to unlock the 6.67% rebate rate for selected merchants. Those who spend even slightly less during one of those months will earn just 5%, drastically reducing the earning-potential of the card. However, as consumers earn at a flat rate, there's no need to track categories, making UOB One quite convenient.

OCBC 365 Card, on the other hand, has a monthly rebate system and offers rate boosts in specific spend categories. This is great for consumers with variable budgets because one month's spend total will not influence the next's. As long as cardholders meet the S$800/month minimum requirement, they'll have access to OCBC 365 Card's high advertised rates. OCBC 365 Card does have category-driven rebates, however, so consumers should pay attention to what they're charging. This is especially true for frequent online shoppers, who will not earn elevated cashback on shopping sprees with this card.

Comparison Table: Cashback Rewards

UOB One Card and OCBC 365 Card also differ in terms of rewards caps. UOB One Card's rebates are technically awarded on a quarterly basis; cardholders can earn up to S$200/quarter (averaging to S$66.67/month) if they've consistently spent at least S$2k/month. Earnings caps drop precipitously for lower spenders. In fact, those who spend less than S$1k any given month will only be eligible for a max rebate of S$50/quarter (averaging to S$12.50/month). OCBC 365 Card is a bit more forgiving. Cardholders can earn up to S$80/month, which can be achieved with as little as S$1.3k monthly spend. Ultimately, while stable spenders can earn more annually with UOB One Card (S$1.2k+), variable spenders are more likely to max out rewards with OCBC 365 Card.

Perks & Privileges: UOB One Card vs. OCBC 365 Card

UOB One Card and OCBC 365 Card have similar perks and privileges. Both offer competitive petrol savings, have SimplyGo compatibility, and can be used for "tap and pay" through a variety of channels. These are great for on-the-go consumers who value convenience. However, these cards do still have slight differences in their offerings.

Unlike OCBC 365 Card, UOB One Card comes with access to an ancillary rebate programme, called UOB SMART$. Cardholders earn SMART$ ("points" that can be redeemed to offset future purchases) for spend with merchants like BreadTalk, Cathay Cineplexes, Air Asia and more. This boost, paired with 1-for-1 dining deals and restaurant discounts through UOB Dining Advisor, ultimately makes UOB One Card a great match for consumers focused on savings.

Comparison Table: Card Perks & Privileges

OCBC 365 Card, on the other hand, caters a bit more to travellers. Even though it's a cashback card, it offers a rather impressive free travel insurance plan that even includes travel inconvenience coverage. Cardholders are covered up to S$400 per person for flight delays, missed connections, baggage delays and baggage loss. OCBC 365 cardholders also have access to the Visa Luxury Hotels programme, which provides consumers with room upgrades, dining credits, free in-room WiFi, late checkout and more.

Fees, Promos & Requirements: UOB One Card vs. OCBC 365 Card

Another key point of difference between UOB One Card and OCBC 365 Card is their annual fee. UOB One Card has a S$192.6 annual fee, waived just the 1st year. OCBC 365 Card's S$192.60 fee is waived 2 years, then subsequently with just S$10,000 annual spend. While avoiding an annual fee is attractive, UOB One Card is still a better bet for most stable spenders. After all, consumers spending S$2,000/month can earn over S$1,000/year in rewards even after factoring in the fee.

Comparison Table: Requirements, Promos & Fees

Comparison to Similar Rebate Credit Cards

While UOB One Card and OCBC 365 Card are quite competitive, there are still several worthwhile alternatives on the market. We've reviewed a few similar options below to help you identify whether or not they'd match your lifestyle.

POSB Everyday Credit Card: Top Promotional Rebates on Essentials

Apply Now Apply Now	Best for rebates in SG w/ S$800 min. spend Promotions: Read Our Full Review
Fees, Rewards & Perks Annual fee: S$194.40 (first year - waived) 10% cash rebates on online food delivery (foodpanda, Deliveroo and WhyQ ) and 3% on other dining spend 5% cash rebates on online shopping (Amazon, Lazada, Qoo10, Shopee, RedMart, iHerb & Taobao) 3% cash rebates on dining spend 0.3% cash rebate on all other spend DBS Payment Plan: pay 0% interest, up to 24 months Analyst's Review POSB Everyday Card is well known for offering top rebates on daily essentials, ranging from food to recurring bills. You can typically earn as much as 10% on online food delivery, 5% on online shopping and 3% on dining. Recent changes to the card have made it both simpler to use and stronger in its overall rewards value. However, in this case, both UOB One and OCBC 365 Cards offer higher rates on the same categories of spend. POSB Everyday Card also limits rewards in a few of its categories to purchases you make at specific partner stores. Overall, typical consumers may ultimately be better off with one of these alternatives rather than POSB Everyday Card..

Apply Now Apply Now
Stand-Out: Best for rebates in SG w/ S$800 min. spend Promotions: Read Our Full Review
Fees, Rewards & Perks Annual fee: S$194.40 (first year - waived) 10% cash rebates on online food delivery (foodpanda, Deliveroo and WhyQ ) and 3% on other dining spend 5% cash rebates on online shopping (Amazon, Lazada, Qoo10, Shopee, RedMart, iHerb & Taobao) 3% cash rebates on dining spend 0.3% cash rebate on all other spend DBS Payment Plan: pay 0% interest, up to 24 months
Analyst's Review POSB Everyday Card is well known for offering top rebates on daily essentials, ranging from food to recurring bills. You can typically earn as much as 10% on online food delivery, 5% on online shopping and 3% on dining. Recent changes to the card have made it both simpler to use and stronger in its overall rewards value. However, in this case, both UOB One and OCBC 365 Cards offer higher rates on the same categories of spend. POSB Everyday Card also limits rewards in a few of its categories to purchases you make at specific partner stores. Overall, typical consumers may ultimately be better off with one of these alternatives rather than POSB Everyday Card.

Citi Cash Back Card: Boosts for Food & Petrol

Apply Now Apply Now	Up to 8% cashback on groceries & petrol, 6% on dining Promotions: Read Our Full Review
Fees, Rewards & Perks Annual fee: S$194.40 (first year- waived) 8% cashback on groceries 6% cashback on dining Up to 20.88% fuel savings at Esso & Shell and 8% cashback at other petrol stations 0.25% cashback on all other purchases Min. monthly spend of S$800 required to earn bonus cashback Cashback capped at S$80/month Analyst's Review Citi Cash Back Card is a great option for average consumers with considerable spend on food and fuel. Cardholders earn 8% cashback on global dining, groceries and petrol after S$800 minimum spend. Consumers can ultimately earn up to S$80/month–or S$960/year. While offering higher rates than UOB One Card or OCBC 365 Card, Citi Cash Back does have a slightly higher-than-average minimum spend requirement and lower earnings cap. It also only rewards spend in just 3 categories, which is a bit limiting for an "everyday" card. As a result, Citi Cash Back may be a better option for those seeking focused cashback on core expenses, but UOB One and OCBC 365 Cards are likely better for daily spending.

Apply Now Apply Now
Stand-Out: Up to 8% cashback on groceries & petrol, 6% on dining Promotions: Read Our Full Review
Fees, Rewards & Perks Annual fee: S$194.40 (first year- waived) 8% cashback on groceries 6% cashback on dining Up to 20.88% fuel savings at Esso & Shell and 8% cashback at other petrol stations 0.25% cashback on all other purchases Min. monthly spend of S$800 required to earn bonus cashback Cashback capped at S$80/month
Analyst's Review Citi Cash Back Card is a great option for average consumers with considerable spend on food and fuel. Cardholders earn 8% cashback on global dining, groceries and petrol after S$888 minimum spend. While earnings are capped at just S$25/category (each maxed out with just S$312.5 spend), consumers can ultimately earn up to S$75/month–or S$900/year. While offering higher rates than UOB One Card or OCBC 365 Card, Citi Cash Back does have a slightly higher-than-average minimum spend requirement and lower earnings cap. It also only rewards spend in just 3 categories, which is a bit limiting for an "everyday" card. As a result, Citi Cash Back may be a better option for those seeking focused cashback on core expenses, but UOB One and OCBC 365 Cards are likely better for daily spending.

Maybank Family & Friends Card: Leading Rebates in SG & MY

Apply Now Foreigners Apply Now Foreigners	Up to S$125/mo with just S$800/mo spend Promotions: Read Our Full Review
Fees, Rewards & Perks Annual fee: S$180 (3 years fee waiver) Up to 8% rebate on 5 preferred categories (dining & food delivery, groceries, retail, petrol discounts & online TV streaming) Up to S$125 cashback per month with S$800 min spend 0.3% rebate all other spend Analyst's Review Maybank Family & Friends Mastercard is one of the absolute best options on the market for the average local and regional spender. Cardholders earn 5% rebate in Singapore and Malaysia on fast food & online food delivery, groceries, transport, petrol and data communications/online TV streaming, with just S$500 minimum spend. Those who spend S$800 earn at a boosted 8% rebate rate. Rewards are capped at S$80/month, which can be maxed out with just S$1k spend. At this budget level, cardholders also earn a fee waiver–the S$180.0 fee is waived with S$12k annual spend. Ultimately, MB F&F Card is incredibly competitive when compared to UOB One Card and OCBC 365 Card. Like UOB One Card, it offers a tiered minimums system that allows lower spenders to still access higher rates, and like OCBC 365 Card, it offers cardholders a relatively easy fee-waiver. It stands out from both options by offering higher potential rates overall, while still covering a comprehensive range of spend categories. MB F&F Card does not provide high rates for overseas or travel spend, however, so consumers who tend to vacation may prefer UOB One or OCBC 365 Card.

Apply Now Foreigners Apply Now Foreigners
Stand-Out: Up to S$125/mo with just S$800/mo spend Promotions: Read Our Full Review
Fees, Rewards & Perks Annual fee: S$180 (3 years fee waiver) Up to 8% rebate on 5 preferred categories (dining & food delivery, groceries, retail, petrol discounts & online TV streaming) Up to S$125 cashback per month with S$800 min spend 0.3% rebate all other spend
Analyst's Review Maybank Family & Friends Mastercard is one of the absolute best options on the market for the average local and regional spender. Cardholders earn 5% rebate in Singapore and Malaysia on fast food & online food delivery, groceries, transport, petrol and data communications/online TV streaming, with just S$500 minimum spend. Those who spend S$800 earn at a boosted 8% rebate rate. Rewards are capped at S$80/month, which can be maxed out with just S$1k spend. At this budget level, cardholders also earn a fee waiver–the S$180.0 fee is waived with S$12k annual spend. Ultimately, MB F&F Card is incredibly competitive when compared to UOB One Card and OCBC 365 Card. Like UOB One Card, it offers a tiered minimums system that allows lower spenders to still access higher rates, and like OCBC 365 Card, it offers cardholders a relatively easy fee-waiver. It stands out from both options by offering higher potential rates overall, while still covering a comprehensive range of spend categories. MB F&F Card does not provide high rates for overseas or travel spend, however, so consumers who tend to vacation may prefer UOB One or OCBC 365 Card.

HSBC Advance Credit Card: Top Flat Rate for Affluent Advance Customers

Apply Now Apply Now	Up to 3.5% flat cashback, lofty S$370/month rewards cap Promotions: Read Our Full Review
Fees, Rewards & Perks Annual fee: S$194.40 (first year- waived) 2.5% base cashback when you spend above SGD2,000 1.5% base cashback with no minimum spend 1% bonus cashback on your eligible credit card spending if you are HSBC Everyday Global Account holder and qualified for the HSBC Everyday+. T&Cs apply. SGD deposits are insured by up to S$75K by SDIC Receive complimentary access to the ENTERTAINER with HSBC app, with over 1,000 1-for-1 deals on dining, lifestyle and travel worldwide Analyst's Review If you're an above-average spender you may want to consider HSBC Advance Card. Customers earn an extraordinary 2.5% flat cashback after reaching a S$2,000 minimum monthly spend, and 1.5% cashback if spend is below S$2,000 with a monthly cap of S$70. An additional 1% bonus cashback can be earned simply by depositing at least S$2,000 in fresh funds to your account and charging five transactions. This additional step will allow you to raise the cashback cap from S$70 to S$300/month, which is S$3,600/year in savings– the highest earning potential for a capped card on the market! Those with above-average budgets can earn more with HSBC Advance Card than with either UOB One Card or OCBC 365 Card.

Apply Now Apply Now
Stand-Out: Up to 3.5% flat cashback, lofty S$370/month rewards cap Promotions: Read Our Full Review
Fees, Rewards & Perks Annual fee: S$194.40 (first year- waived) 2.5% base cashback when you spend above SGD2,000 1.5% base cashback with no minimum spend 1% bonus cashback on your eligible credit card spending if you are HSBC Everyday Global Account holder and qualified for the HSBC Everyday+. T&Cs apply. SGD deposits are insured by up to S$75K by SDIC Receive complimentary access to the ENTERTAINER with HSBC app, with over 1,000 1-for-1 deals on dining, lifestyle and travel worldwide
Analyst's Review If you're an above-average spender you may want to consider HSBC Advance Card. Customers earn an extraordinary 2.5% flat cashback after reaching a S$2,000 minimum monthly spend, and 1.5% cashback if spend is below S$2,000 with a monthly cap of S$70. An additional 1% bonus cashback can be earned simply by depositing at least S$2,000 in fresh funds to your account and charging five transactions. This additional step will allow you to raise the cashback cap from S$70 to S$300/month, which is S$3,600/year in savings– the highest earning potential for a capped card on the market! Those with above-average budgets can earn more with HSBC Advance Card than with either UOB One Card or OCBC 365 Card.

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