UOB One vs. OCBC 365 Credit Card Comparison 2022

If you're looking to earn cashback on daily essentials, you may have already considered UOB One Card or OCBC 365 Card. After all, these options are amongst the most popular everyday cards currently on the market. While both are quite competitive, they have very different rebate structures and ultimately reward different spending behaviours. To help you to decide which of these cards better suits your lifestyle, we've provided a detailed comparative breakdown in the guide below.

  • 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: UOB One Card vs. OCBC 365 Card

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

CategoryFeatureUOB One CardOCBC 365 Card
RatesMin. Spend Req.S$500, S$1k or S$2k/quarterS$800/mo
Rebate Boosts
  • S$500/mo spend: 3.33% + 1% SP bills, +5% on selected merchants
  • S$1k/mo spend: 3.33% + 1% SP bills, +5% on selected merchants
  • S$2k/mo spend: 3.33% + 1% SP bills, +6.67% on selected merchants
  • 6% on dining & food delivery
  • 3% on groceries, land transport, online travel & recurring bills
  • 0.30% on general spend
Earnings Cap
  • S$500/mo spend: S$12.50
  • S$1k/mo spend: S$25
  • S$2k/mo spend: S$66.67
  • S$80
PerksPetrol SavingsUp to 22.66% fuel savings at SPC, 21.15% at ShellUp to 22.1% savings at Caltex, 20.2% at Esso, 26.8% at Sinopec and 5% cashback at all other petrol stations
CompatibilitySimplyGo & Mobile Pay CompatibleSimplyGo & Mobile Pay Compatible
Card PrivilegesUOB SMART$, UOB Travel & Dining AdvisorVisa Concierge & Luxury Hotels Privileges
FeesAnnual FeeS$192.60S$192.60
Waiver OptionWaived for 1 yearWaived for 2 years with min spend of S$10,000/year
Additional details apply. See sections below or card websites for a further breakdown of information

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

FeatureUOB One CardOCBC 365 Card
Rebate StructureQuarterly SystemMonthly System
Rate StructureFlat RebateCategory Boosts
Base Rate0.03%0.30%
Min. Spend Req.S$500, S$1k or S$2kS$800
Boosts
  • Min. S$500/mo spend: 3.33%
  • Min. S$1k/mo spend: 3.33%
  • Min. S$2k/mo spend: 3.33%
  • Bonus: +1% on SP bills, +5% on selected merchants for $500-1k spend, +6.67% for 2k spend
  • 6% on dining & food delivery
  • 3% groceries, transport, online travel, recurring telco & electric bills
Mo. Rewards Cap
  • Min. S$500/mo spend: S$12.50
  • Min. S$1k/mo spend: S$25
  • Min. S$2k/mo spend: S$66.67
SP, Grab & UOB Travel boosts do not count towards cap
  • S$80
Max Annual EarningsS$800+S$960
Additional details apply. See card websites for a further breakdown of information

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

FeatureUOB One CardOCBC 365 Card
Travel InsuranceS$500k Personal Accident; S$50k Medical, Evac & Repatriation incl. COVID-19S$200k Personal Accident; S$500 Medical; Travel Inconvenience
Petrol SavingsUp to 22.66% fuel savings at SPC, 21.15% at ShellUp to 22.1% savings at Caltex, 20.2% at Esso, 26.8% at Sinopec and 5% cashback at all other petrol stations
Transit PerksSimplyGo CompatibleSimplyGo Compatible
Mobile PayGoogle Pay, Apple Pay, Samsung Pay, UOB Mighty & moreGoogle Pay, Apple Pay, Samsung Pay, Fit Bit, Garmin & more
Card PrivilegesUOB SMART$ Rebate Programme, UOB Travel Advisor, UOB Dining AdvisorVisa Concierge Services, Visa Luxury Hotels Privileges
Additional details apply. See card websites for a further breakdown of information

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

FeatureUOB One CardOCBC 365 Card
Minimum Age21 yo21 yo
Minimum Income
  • SG & PR: 30000
  • Foreigners: 40000
  • SG & PR: 30000
  • Foreigners: 45000
Annual FeeS$192.60S$192.60
Waiver OptionWaived for 1 yearWaived for 2 years with min spend of S$10,000/year
Sign-on Bonus
FX Fee3.25%3.25%
Additional details apply. See card websites for a further breakdown of information

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

  • Annual fee: S$192.60 (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)
  • 3% cash rebates on dining spend
  • 0.3% cash rebate on all other spend
  • DBS Payment Plan: pay 0% interest, up to 6 months
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..

  • Annual fee: S$192.60 (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)
  • 3% cash rebates on dining spend
  • 0.3% cash rebate on all other spend
  • DBS Payment Plan: pay 0% interest, up to 6 months
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

  • Up to 8% rebate on groceries & petrol, 6% on dining
  • Promotions:
  • $300 Cash Back Welcome Offer if S$800 spend in first 2 months
  • Promotion Period: 18 - 31 May 2022
  • Read Our Full Review
  • Annual fee: S$192.60 (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
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.

  • Stand-Out: Up to 8% rebate on groceries & petrol, 6% on dining
  • Promotions:
  • $300 Cash Back Welcome Offer if S$800 spend in first 2 months
  • Promotion Period: 18 - 31 May 2022
  • Read Our Full Review
  • Annual fee: S$192.60 (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
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

  • Up to S$125/mo with just S$800/mo spend
  • Promotions:
  • Foreigners are eligible for this promotion: Apply for a new Maybank Credit Card an charge a min. of S$350 for each of the first two consequtive months upon approval
  • Subsequent approved applicants will receive S$100 Cash Credit. Terms and Conditions apply
  • Read Our Full Review
  • 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
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.

  • Stand-Out: Up to S$125/mo with just S$800/mo spend
  • Promotions:
  • Foreigners are eligible for this promotion: Apply for a new Maybank Credit Card an charge a min. of S$350 for each of the first two consequtive months upon approval
  • Subsequent approved applicants will receive S$100 Cash Credit. Terms and Conditions apply
  • Read Our Full Review
  • 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
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

  • Up to 3.5% flat cashback, lofty S$300/month rewards cap
  • Promotions:
  • If you're an existing cardholder, you'll be eligible to receive SGD50 cashback
  • Applicants must submit card application between 1 May - 31 July 2022
  • Read Our Full Review
  • Annual fee: S$192.60 (first year- waived)
  • 2.5% base cashback on purchases of S$2,000 and above
  • 1% bonus cashback when deposit min S$2,000 per month
  • Up to 21.15% fuel savings with Caltex and Shell
  • Visa Concierge and e-Commerce purchase protection
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.
  • Stand-Out: Up to 3.5% flat cashback, lofty S$300/month rewards cap
  • Promotions:
  • If you're an existing cardholder, you'll be eligible to receive SGD50 cashback
  • Applicants must submit card application between 1 May - 31 July 2022
  • Read Our Full Review
  • Annual fee: S$192.60 (first year- waived)
  • 2.5% base cashback on purchases of S$2,000 and above
  • 1% bonus cashback when deposit min S$2,000 per month
  • Up to 21.15% fuel savings with Caltex and Shell
  • Visa Concierge and e-Commerce purchase protection
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.

Cashback Credit Card Comparison Tables

Credit CardMin. SpendRebatesCap
Citi Cash Back S$800
  • 6% dining, 8% groceries
S$80/mo
Citi SMRT N/A
  • Up to 5% groceries, fast food, movies, coffee & online
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$600
  • 6% online purchases
  • 5% wknd local entertainment & select cafes (3% wkdays)
S$75/mo
POSB Everyday S$800
  • 10% online food delivery (foodpanda, Deliveroo)
  • 5% select groceries
  • 3% dining, shopping and personal care at Watsons, 1% recurring bills
S$30
UOB One S$500-S$2k
  • Up to 3.33% flat rebate
S$100+/mo
UOB EVOL S$600
  • Up to 8% online spend, mobile contactless spend
  • 0.3% all other spend
S$60/mo
Citi SMRT rebates are merchant-restricted. OCBC Frank's minimum refers to offline spend only. POSB Everyday Card's rebates are primarily merchant-restricted
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 20.88% 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, 26.8% at Sinopec and 5% cashback at all other petrol stationsVisa Concierge & Luxury Hotels
OCBC Frank N/AUp to 23% fuel savings at Sinopec, 16% at Caltex, 14% at EssoFrank Hot Deals
POSB Everyday N/AUp to 20.1% + 2% fuel savings at SPCPOSB Merchant Deals
UOB One Coverage up to S$500kUp to 22.66% fuel savings at SPC, 21.15% at ShellUOB SMART$, UOB Travel & Dining Advisors
UOB EVOL N/AUp to 20% fuel savings at SPC, 14% at ShellUOB SMART$, Mighty app offers
Travel insurance refers to free travel accident coverage for the principal cardholder
Credit CardAnnual FeeSpend WaiverPromotion
Citi Cash Back S$192.60Waived for 1 yearReward may be retracted or cancelled if the card is cancelled before this 12-month period.
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 spendPromo 5 Year-long Burpple Beyond Premium Membership (worth S$99) with min. spend of S$300
POSB Everyday S$192.60Waived for 1 year
UOB One S$192.60Waived for 1 year
UOB EVOL S$192.60Waived for 1 year, no annual fees if min. 3 transactions per month for 12 consecutive months
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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