UOB One vs. UOB YOLO Credit Card Comparison 2020

While UOB One Card and UOB YOLO Card both come from the same issuer, they're quite different in terms of rebate rates and cashback structures. In fact, even as both offer highly competitive rewards, each caters to a very different type of spender. We've reviewed exactly how these cards compare across rates, perks and fees below, providing insights that will help you determine which better fits your needs.

  • 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. UOB YOLO Card

United Overseas Bank [UOB] offers several of the the market's most competitive cashback credit cards, with UOB One Card and UOB YOLO Card certainly amongst them. Both of these options are quite strong, but cater to very different types of consumers. The first, UOB One, provides flat cashback that rewards moderate spenders with stable budgets. The second, UOB YOLO, is a better fit for social young adults with considerable weekend spend. To help you to better differentiate between these cards, we've provided a detailed breakdown of their rebate structures, perks and fees below.

Summary Comparison Table: UOB One vs. UOB YOLO

CategoryFeatureUOB One CardUOB YOLO Card
RatesMin. Spend Req.S$500, S$1k or S$2k/moS$600/mo
Rebate Boosts
  • S$500/mo spend: 3.33%
  • S$1k/mo spend: 3.33%
  • S$2k/mo spend: 5.00%
  • +1% on SP bills, +5% on Grab, UOB Travel
  • 8% on wknd entertainment, dining, Grab, UOB Travel (3% on weekdays)
  • 3% online fashion & travel bookings
Earnings Cap
  • S$500/mo spend: S$17
  • S$1k/mo spend: S$33
  • S$2k/mo spend: S$100
  • S$80
PerksPetrol SavingsUp to 28.72% fuel savings at ShellUp to 13.6% fuel savings at Shell
CompatibilitySimplyGo & Mobile Pay CompatibleSimplyGo & Mobile Pay Compatible
Card PrivilegesUOB SMART$, UOB Travel & Dining AdvisorUOB 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: UOB One Card vs. UOB YOLO Card

Both UOB One Card and UOB YOLO Card are great cashback options–though for very different types of spenders. To begin with, their very rebate structures reward different kinds of spending behaviours. UOB One Card is a flat rebate card and has a quarterly system. Cardholders must consistently hit a set minimum for three months in a row in order to access higher cashback rates across the entire period. Consumers who spend at least S$2k/month earn 5% cashback on all of their purchases, up to S$300/quarter (about S$100/month). This is a great option for consistent spenders with moderate budgets, especially those spending for a household or looking for an everyday card.

Comparison Table: Cashback Rewards

FeatureUOB One CardUOB YOLO Card
Rebate StructureQuarterly SystemMonthly System
Rate StructureFlat RebateCategory Boosts
Base Rate0.03%0.30%
Min. Spend Req.S$500, S$1k or S$2kS$600
Boosts
  • Min. S$500/mo spend: 3.33%
  • Min. S$1k/mo spend: 3.33%
  • Min. S$2k/mo spend: 5.00%
  • Bonus: +1% on SP bills, +5% Grab & UOB Travel
  • 8% on wknd entertainment, dining, Grab, UOB Travel (3% weekdays)
  • 3% online fashion & travel bookings
Mo. Rewards Cap
  • Min. S$500/mo spend: S$17
  • Min. S$1k/mo spend: S$33
  • Min. S$2k/mo spend: S$100
SP, Grab & UOB Travel boosts do not count towards cap
  • S$60
Max Annual EarningsS$1,200+S$720
Additional details apply. See card websites for a further breakdown of information

UOB YOLO Card, on the other hand, was designed with social young adults in mind. Rebates are awarded on a month-to-month basis (rather than once per quarter), and there's a relatively low S$600 minimum spend requirement. Cardholders earn an impressive 8% cashback on weekend dining, entertainment, Grab & more (3% on weekdays), which is perfect for young social spenders looking for fun out-on-the-town after a long week. Rebates are capped at just S$60/month, which isn't especially competitive, but given the high rates it's easier for a young spender to max out their earnings. Overall, more established individuals looking for a top-earning everyday card might prefer UOB One Card, while young adults with significant social budgets are likely to earn more with UOB YOLO Card.

Perks & Privileges: UOB One Card vs. UOB YOLO Card

Given they're both issued by UOB, it's not especially surprising that UOB One Card and UOB YOLO Card have fairly similar perks. Both offer free travel insurance, special petrol savings, and dining & lifestyle discounts. Both are also SimplyGo compatible and can be used for contactless payments. Perhaps their best shared feature is access to the UOB SMART$ Rebate Programme, however. This programme allows cardholders to earn a bonus rebate, in the form of SMART$, for spend with specific merchants. SMART$ do not displace cashback earnings–consumers earn them both simultaneously. SMART$ can then be redeemed to offset future purchases, though they expire within 6 months from when they're earned.

Comparison Table: Card Perks & Privileges

FeatureUOB One CardUOB YOLO Card
Travel InsuranceS$500k Personal Accident; S$50k Medical, Evac & RepatriationS$500k Personal Accident; S$50k Medical, Evac & Repatriation
Petrol SavingsUp to 28.72% fuel savings at ShellUp to 13.6% fuel savings at Shell
Transit PerksSimplyGo CompatibleSimplyGo Compatible
Mobile PayGoogle Pay, Apple Pay, Samsung Pay, UOB Mighty & moreGoogle Pay, Apple Pay, Samsung Pay, UOB Mighty & more
Card PrivilegesUOB SMART$ Rebate Programme, UOB Travel Advisor, UOB Dining AdvisorUOB 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

Despite these many similarities, UOB YOLO Card does have a few extra perks that are well-suited to young adults. Cardholders receive extra discounts to UOB-hosted club events, which often feature well-known DJs. Consumers also have access to curated entertainment deals at bars and lounges. Specific promotions may change with time, but UOB YOLO nearly always offers deals that cater to young adults.

Fees, Promos & Requirements: UOB One Card vs. UOB YOLO Card

Again, UOB One Card and UOB YOLO Card have fairly similar fee structures. Both charge an annual fee of S$192.6, waived the 1st year. This averages out to a cost of about S$16/month. As such, it's essential to pick the option that better fits your lifestyle. If you spend about S$600/month, for example, you'll earn just S$17 with UOB One Card (vs. up to S$48 with UOB YOLO Card), and end up gaining very little after the fee. Either way, however, you may be able to call in and request a fee-waiver after the 1st year if you've consistently paid your bills and your account is in good standing. Your ultimate goal should be to identify which credit card offers the higher cashback potential, given your spend behaviour. If you're an adult with a stable budget, UOB One makes for a great everyday card; if you're a young social spender, consider UOB YOLO Card.

Comparison Table: Requirements, Promos & Fees

FeatureUOB One CardUOB YOLO Card
Minimum Age21 yo21 yo
Minimum Income
  • SG & PR: S$30,000
  • Foreigners: S$40,000
  • 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 BonusNew cardholders will receive S$80 cash via Paynow & Existing cardholders will receive S$20 worth of GrabFood VouchersNew cardholders will receive S$80 cash via Paynow & Existing cardholders will receive S$20 worth of GrabFood Vouchers
FX Fee2.80%2.80%
Additional details apply. See card websites for a further breakdown of information

Comparison to Similar Rebate Credit Cards

UOB One Card and UOB YOLO Card are both quite competitive, but there are several alternative rebate cards worth considering. We've reviewed these options in detail below.

OCBC 365: No-Fee Cashback 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
  • Free travel insurance, Visa Signature Privileges
If you're an average spender looking for an everyday card–but don't want to pay a fee–OCBC 365 Card may be right for you. Cardholders earn a competitive 6% rebate on dining and online food delivery, and 3% on groceries, land transport (including Grab and Gojek), online travel bookings and even recurring bills. There's a S$800 minimum spend requirement, which is slightly higher than UOB YOLO Card's, but it also has a higher rewards cap at S$80/month.


OCBC 365 Card is more closely aligned with UOB One Card, as both work well for daily spending. OCBC 365 Card stands apart by boosting rewards by category, however, and operates on a monthly rather than quarterly system. For this reason, it may be a better match for those with higher dining spend as well as for individuals who are less likely to spend S$2k every month. Finally, OCBC 365 Card's S$192.6 annual fee is waived for 2 full years, and subsequently with just S$10k annual spend (about S$833/month).

  • 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
  • Free travel insurance, Visa Signature Privileges
If you're an average spender looking for an everyday card–but don't want to pay a fee–OCBC 365 Card may be right for you. Cardholders earn a competitive 6% rebate on dining and online food delivery, and 3% on groceries, land transport (including Grab and Gojek), online travel bookings and even recurring bills. There's a S$800 minimum spend requirement, which is slightly higher than UOB YOLO Card's, but it also has a higher rewards cap at S$80/month.


OCBC 365 Card is more closely aligned with UOB One Card, as both work well for daily spending. OCBC 365 Card stands apart by boosting rewards by category, however, and operates on a monthly rather than quarterly system. For this reason, it may be a better match for those with higher dining spend as well as for individuals who are less likely to spend S$2k every month. Finally, OCBC 365 Card's S$192.6 annual fee is waived for 2 full years, and subsequently with just S$10k annual spend (about S$833/month).

DBS Live Fresh: Boosts for Online & Mobile Pay

  • Up to 5% rebates on online & contactless spend
  • Promotions: S$200 cashback w/ promo code "DBSFlash" (must make 1 transaction)
  • Receive 8% off online shopping by reaching monthly Personalised Spend Goal online (rewards capped at S$16-S$120/mo)
  • Read Our Full Review
  • Annual fee: S$128.4, 1-year waiver
  • 5% rebate on online spend & contactless purchases
  • All-in-one card with SimplyGo functionality
If you're a modern spender and want to earn straightforward cashback on nearly all of your spend, you may want to consider DBS Live Fresh Card. Cardholders earn a flat 5% rebate on all online and contactless purchases, regardless of location, spend category or merchant. In order to access these rates, consumers must meet a S$600 minimum spend requirement. This is quite a bit easier to achieve than the S$2k/month required by UOB One to earn the same rate. In addition, at this same spend level, cardholders would only earn in a limited number of categories with UOB YOLO. The S$60/month earnings cap is still quite low, but individuals with slightly lower budgets who want to earn a high rate on nearly all of their purchases should definitely consider DBS Live Fresh Card.
  • Stand-Out: Up to 5% rebates on online & contactless spend
  • Promotions: S$200 cashback w/ promo code "DBSFlash" (must make 1 transaction)
  • Receive 8% off online shopping by reaching monthly Personalised Spend Goal online (rewards capped at S$16-S$120/mo)
  • Read Our Full Review
  • Annual fee: S$128.4, 1-year waiver
  • 5% rebate on online spend & contactless purchases
  • All-in-one card with SimplyGo functionality
If you're a modern spender and want to earn straightforward cashback on nearly all of your spend, you may want to consider DBS Live Fresh Card. Cardholders earn a flat 5% rebate on all online and contactless purchases, regardless of location, spend category or merchant. In order to access these rates, consumers must meet a S$600 minimum spend requirement. This is quite a bit easier to achieve than the S$2k/month required by UOB One to earn the same rate. In addition, at this same spend level, cardholders would only earn in a limited number of categories with UOB YOLO. The S$60/month earnings cap is still quite low, but individuals with slightly lower budgets who want to earn a high rate on nearly all of their purchases should definitely consider DBS Live Fresh Card.

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)
OCBC Frank Card is a great option for younger spenders with low or variable budgets. Cardholders who spend as little as S$400 offline can earn up to 6% rebate online, plus 5% on local entertainment and at select cafes on the weekend (3% on weekdays). This rebate structure is somewhat similar to UOB YOLO Card's. While OCBC Frank Card's rates are a bit lower and the categories slightly more limited, however, it does have a lower minimum spend requirement and offers a fee waiver (with S$10k annual spend). As a result, OCBC Frank Card is a better option for young adults with slightly lower budgets.
  • 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)
OCBC Frank Card is a great option for younger spenders with low or variable budgets. Cardholders who spend as little as S$400 offline can earn up to 6% rebate online, plus 5% on local entertainment and at select cafes on the weekend (3% on weekdays). This rebate structure is somewhat similar to UOB YOLO Card's. While OCBC Frank Card's rates are a bit lower and the categories slightly more limited, however, it does have a lower minimum spend requirement and offers a fee waiver (with S$10k annual spend). As a result, OCBC Frank Card is a better option for young adults with slightly lower budgets.

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.

Comments and Questions

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