If you’re looking for a credit card that can help you earn cashback on your everyday expenses, the UOB EVOL Credit Card Singapore might be worth considering. This card offers one of the highest cashback rates in the market, making it an attractive option for those who want to maximize their rewards. In this article, we’ll take a closer look at everything you need to know about the UOB EVOL Credit Card Singapore, including its features, benefits, and fees.
Understanding the UOB EVOL Credit Card is key to making the most of its rewards program. With this card, you can earn up to 8% cashback on your online and mobile contactless spend, subject to a monthly cashback cap of S$60. You can also earn up to 3% cashback on your other spend categories, such as dining, entertainment, and travel. Additionally, the UOB EVOL Credit Card comes with a range of perks and benefits, including exclusive discounts and promotions at partner merchants.
If you’re considering the UOB EVOL Credit Card, it’s important to understand its rewards and cashback program, fees and charges, and benefits. You should also compare it with other cashback credit cards in the market to see how it stacks up. In the sections that follow, we’ll take a closer look at these topics and more to help you make an informed decision about whether the UOB EVOL Credit Card is right for you.
Key Takeaways
- The UOB EVOL Credit Card offers up to 8% cashback on online and mobile contactless spend, subject to a monthly cashback cap of S$60.
- This card comes with a range of perks and benefits, including exclusive discounts and promotions at partner merchants.
- To make the most of the UOB EVOL Credit Card, it’s important to understand its rewards and cashback program, fees and charges, and benefits, and to compare it with other cashback credit cards in the market.
Understanding the UOB EVOL Credit Card
If you’re looking for a credit card that offers great cashback rewards and eco-friendly benefits, then the UOB EVOL Card might be the perfect fit for you. Here’s everything you need to know about this card.
Key Features
The UOB EVOL Card offers some impressive features that make it stand out from other credit cards in Singapore. Firstly, you can enjoy up to 8% cashback on online and mobile contactless transactions, making it perfect for those who love to shop online. Additionally, you can earn up to 3% cashback on dining, entertainment and transport transactions.
Another great feature of the UOB EVOL Card is that it comes with an eco-friendly twist. For every S$10 spent on the card, UOB will contribute towards a tree-planting initiative in Singapore. This means you can help the environment while enjoying the benefits of a great credit card.
Eco-Friendly Benefits
As mentioned above, the UOB EVOL Card is eco-friendly. UOB has partnered with NParks to plant trees in Singapore, helping to reduce the carbon footprint of the city-state. This is a great initiative that allows you to contribute towards a good cause simply by using your credit card.
Eligibility Criteria
To be eligible for the UOB EVOL Card, you must be a Singaporean or a foreigner with a valid employment pass. Additionally, you must be at least 21 years old and have a minimum annual income of S$30,000 if you’re a Singaporean or S$40,000 if you’re a foreigner.
New-to-bank applicants can also apply for the UOB EVOL Card. However, do note that approval is subject to UOB’s credit assessment.
In conclusion, the UOB EVOL Card is a great credit card that offers impressive cashback rewards and eco-friendly benefits. If you’re eligible, it’s definitely worth considering.
Rewards and Cashback
If you’re looking for a credit card that gives you great rewards and cashback, the UOB EVOL Credit Card might just be the one for you. Here’s everything you need to know about the rewards and cashback that come with this card.
Cashback on Contactless and Online Spend
One of the best things about the UOB EVOL Credit Card is the cashback it offers on contactless and online spend. You can get up to 8% cashback on your online and mobile contactless spend, which is a great way to save money on your digital lifestyle.
Additional Perks for Specific Categories
In addition to the cashback on contactless and online spend, the UOB EVOL Credit Card also offers additional perks for specific categories. You can get up to $60 cashback on dining, entertainment, shopping, fashion, Grab, hotels and more. This means you can enjoy your favourite activities while also earning cashback.
Understanding Cashback Caps
It’s important to note that the UOB EVOL Credit Card has a cashback cap per month. This means that once you’ve reached the monthly cap, you won’t be able to earn any more cashback for that month. However, the cashback cap is quite high, so you’ll still be able to earn a lot of cashback even if you use your card frequently.
Overall, the UOB EVOL Credit Card is a great option if you’re looking for a credit card that offers great cashback rates on contactless and online spend, as well as additional perks for specific categories. Just make sure you understand the cashback cap and use your card wisely to maximise your rewards.
Fees and Charges
If you’re considering the UOB EVOL Credit Card, it’s important to understand the fees and charges that come with it. Here’s a breakdown of what you can expect:
Annual Fee and Waivers
The UOB EVOL Credit Card has an annual fee of £192.60. However, this fee is waived for the first year, so you won’t have to pay anything upfront. After the first year, the annual fee will be automatically waived for the subsequent years if you spend a minimum of £12,000 per year.
Other Fees to Consider
In addition to the annual fee, there are a few other fees you should be aware of when using the UOB EVOL Credit Card:
- Foreign Currency Transaction Fee: When you use your card to make a purchase in a foreign currency, you’ll be charged a fee of 2.8% of the transaction amount.
- Cash Advance Fee: If you need to withdraw cash using your credit card, you’ll be charged a fee of 6% of the amount withdrawn or £15, whichever is higher.
- Overlimit Fee: If you exceed your credit limit, you’ll be charged a fee of £30.
- Minimum Monthly Payment: You’ll need to make a minimum payment of 3% of your outstanding balance or £20, whichever is higher, each month. If you don’t make the minimum payment on time, you’ll be charged a late payment fee of £25.
It’s important to keep these fees in mind when using your UOB EVOL Credit Card. However, if you use your card responsibly and pay your balance in full each month, you can avoid most of these fees and enjoy the rewards that come with the card.
Benefits of Linking with UOB One Account
If you have a UOB One Account, you can link it with your EVOL Credit Card to enjoy enhanced cashback opportunities. Here are some of the benefits you can look forward to:
Enhanced Cashback Opportunities
When you link your UOB One Account with your EVOL Credit Card, you can earn up to 10% cashback on your spend. Here’s how it works:
- Spend a minimum of S$500 on your EVOL Credit Card
- Credit your salary of at least S$1,600 into your UOB One Account or make at least 3 GIRO/PayNow transactions per month
- Pay your bills through GIRO or PayNow
By fulfilling these requirements, you can earn up to 10% cashback on your spend. This includes 5% cashback on all eligible transactions and an additional 5% cashback on selected categories such as dining, groceries, and online shopping.
Salary Credit and Bill Payments
Linking your UOB One Account with your EVOL Credit Card also allows you to enjoy the convenience of salary credit and bill payments.
By crediting your salary of at least S$1,600 into your UOB One Account, you can earn higher interest rates of up to 2.5% p.a. Additionally, you can also make bill payments through GIRO or PayNow, making it easier for you to manage your finances.
Overall, linking your UOB One Account with your EVOL Credit Card is a great way to maximise your cashback opportunities while also enjoying the convenience of salary credit and bill payments. With these benefits, you can save more and manage your finances more effectively.
Managing Your Card and Spending
Tracking Expenses and Payments
One of the most important aspects of managing your UOB EVOL Credit Card is keeping track of your expenses and payments. You can easily do this by logging into your UOB TMRW account through your mobile device or desktop. From there, you can view your transaction history, check your current balance, and make payments.
To help you stay on top of your spending, UOB TMRW also provides a feature that categorizes your transactions into different spending categories such as dining, shopping, and travel. This allows you to see where your money is going each month and adjust your spending habits accordingly.
Understanding the Fine Print
It is important to understand the fine print and terms and conditions of your UOB EVOL Credit Card to avoid any unexpected fees or charges. One key factor to keep in mind is the effective interest rate (EIR) which is the actual interest rate you pay on your outstanding balance.
To avoid paying high interest charges, make sure to pay your balance in full each month and always meet the minimum spend requirement to qualify for cashback rewards. Additionally, take advantage of the 2% cashback on online spend and mobile contactless payments, as well as the 1% cashback on utility bills and insurance payments.
By effectively managing your UOB EVOL Credit Card, you can reap the benefits of cashback rewards and enjoy the convenience of contactless payments while keeping your finances in check.
Comparing with Other Cashback Credit Cards
If you’re considering getting a cashback credit card, you might be wondering how the UOB EVOL card stacks up against other options in the market. Here’s a quick comparison with two popular cashback credit cards in Singapore.
UOB EVOL vs UOB YOLO Card
The UOB YOLO card is another popular cashback credit card from UOB. It offers cashback on dining, entertainment, and online shopping. However, the cashback rates are lower compared to the UOB EVOL card. With the UOB YOLO card, you can get up to 8% cashback on weekend dining and entertainment, and up to 3% cashback on online shopping. In contrast, the UOB EVOL card offers up to 8% cashback on a wide range of online transactions and mobile contactless payments, including online food delivery, online shopping, and e-wallet top-ups.
UOB EVOL vs OCBC FRANK Card
The OCBC FRANK card is a popular cashback credit card that offers cashback on a variety of categories, including online shopping, dining, and entertainment. However, the cashback rates are lower compared to the UOB EVOL card. With the OCBC FRANK card, you can get up to 6% cashback on online shopping, up to 5% cashback on dining, and up to 3% cashback on entertainment. In contrast, the UOB EVOL card offers up to 8% cashback on a wide range of online transactions and mobile contactless payments, including online shopping, online food delivery, and e-wallet top-ups.
In summary, if you’re looking for a cashback credit card that offers high cashback rates on online transactions and mobile contactless payments, the UOB EVOL card might be a good option for you. While there are other cashback credit cards in the market that offer cashback on similar categories, the UOB EVOL card stands out with its high cashback rates and wide range of eligible transactions.
Frequently Asked Questions
What tantalising benefits does the UOB EVOL Card offer?
The UOB EVOL Card offers some exciting benefits that make it a popular choice among Singaporeans. You can enjoy up to 8% cashback on online and mobile contactless spending, 1% cashback on all other retail spending, and 0.3% cashback on all other spend. Additionally, you can redeem your cashback instantly at over 1,000 participating merchants with UOB SMART$.
How does the UOB EVOL Card stack up against the UOB One Card?
The UOB EVOL Card and UOB One Card are both excellent credit cards with their unique benefits. The UOB EVOL Card is perfect for those who love to shop online and use mobile contactless payment methods. Meanwhile, the UOB One Card is perfect for those who spend consistently and want to earn cash rebates on their bills and expenses.
What’s the minimum spend to unlock the full potential of the UOB EVOL Card?
To maximize the benefits of the UOB EVOL Card, you need to spend at least S$600 per month. This will enable you to earn up to S$60 cashback per month, which is the maximum cashback cap for the card.
Could you enlighten me on the income eligibility criteria for the UOB EVOL Card?
To be eligible for the UOB EVOL Card, you must have a minimum annual income of S$30,000 for Singaporeans and Permanent Residents and S$40,000 for foreigners. Additionally, you must be at least 21 years old.
What’s the annual fee for the UOB EVOL Card, and are there any waivers available?
The annual fee for the UOB EVOL Card is S$192.60 per year. However, the first-year annual fee is waived for new cardmembers. Additionally, if you spend a minimum of S$12,000 per year, the annual fee for subsequent years will be waived.
What are the charges for overseas transactions with the UOB EVOL Card?
For overseas transactions with the UOB EVOL Card, a foreign currency transaction fee of 2.8% will be charged. Additionally, there will be a currency conversion fee of 1% charged by Visa or Mastercard. It’s worth noting that the exchange rate used for the conversion will be the prevailing rate on the day of the transaction.
