If you’re looking for a credit card that offers cashback on almost all types of daily spending, then the One Account UOB Card might be the perfect fit for you.
This cashback credit card offers a tiered system that gives you up to 15% cashback on your expenses. With over 1,000 participating merchants, you can easily earn cashback on your daily essentials, such as groceries, petrol, utilities, and more.
In this article, we’ll look closer at the UOB One Card and provide an overview of its key features and benefits. We’ll also compare it to other credit cards in Singapore so you can make an informed decision.
Additionally, we’ll discuss the eligibility requirements, fees, and special features of the card. Finally, we’ll provide some tips on maximising your UOB One Card and share some customer experiences and reviews.
Key Takeaways
- The UOB One Card offers a tiered cashback system that gives you up to 15% cashback on expenses.
- With over 1,000 participating merchants, you can easily earn cashback on your daily essentials.
- In this article, we’ll overview the UOB One Card’s key features and benefits, compare it to other credit cards in Singapore, and share some tips on maximising your rewards.
One Account UOB Card: The Overview
Are you looking for a savings account with excellent interest rates and rewards? Look no further than the UOB One Account!
The UOB One Account is a popular savings account in Singapore that offers bonus interest rates when you meet specific criteria. You can earn up to 1.5% p.a. base interest and up to 3.33% p.a. bonus interest, giving you up to 4.83% p.a. interest on your savings.
Salary and Spendings
You need to credit your salary and spend on your UOB One Credit Card to earn higher interest rates. You can earn bonus interest by investing in unit trusts or purchasing insurance products.
Save Money and High-Interest Rates
The UOB One Account is a great option for those who want to save money and earn higher interest rates. With the UOB One Account, you can enjoy the following benefits:
- High-interest rates: Earn up to 4.83% p.a. interest on your savings
- Cashback rewards: Get up to 10% cash back on dining, online shopping, groceries, transport, and more with your UOB One Credit Card
- FX ready: Bundle your One Account with a Mighty FX multi-currency account. Convert currencies and be prepared to travel, shop and invest.
Minimum Deposit
To open a UOB One Account, you must have a minimum deposit of S$1,000 and maintain an average daily balance of S$5,000. You must also credit your salary and spend on your UOB One Credit Card to earn higher interest rates.
Overall, the UOB One Account is an excellent savings account that offers high interest rates and cashback rewards. Whether saving for a rainy day or planning for your future, the UOB One Account is a great option to consider.
One Account UOB Card: Key Features and Benefits
If you’re looking for a credit card that offers great rewards and benefits in Singapore, the UOB One Card is definitely worth considering. Here are some of the key features and benefits of this card that you need to know:
Cashback Rewards
One of the main benefits of the UOB One Card is the cashback rewards you can earn. You can earn up to 10% cashback on various categories, including groceries, utilities, and petrol. Plus, you can earn 5% cashback on Grab rides and at Dairy Farm Singapore merchants.
To earn the maximum cashback, you must spend at least $2,000 monthly.
Interest Rates and Savings
In addition to cashback rewards, the UOB One Card also offers bonus interest rates on your UOB One Account. You can earn up to 2.5% p.a. bonus interest on your account balance when you meet certain conditions, such as spending at least $500 on your UOB One Card and making at least three GIRO transactions per month.
Additional Perks
The UOB One Card also comes with additional perks and benefits. For example, you can enjoy discounts at selected merchants, such as Shopee and SimplyGo.
You can also get free travel insurance coverage when you charge your travel expenses to your UOB One Card. Additionally, you can earn higher interest rates on your UOB One Account when you credit your salary to the account and spend at least $500 on your UOB One Card.
Overall, the UOB One Card is a great option if you’re looking for a credit card that offers generous cashback rewards and a range of additional benefits. With its tiered cashback system and bonus interest rates, this card can help you save on your everyday expenses and grow your savings over time.
One Account UOB Card: Eligibility and Requirements
If you’re interested in applying for the UOB One Card, you should know a few things about eligibility and requirements.
Basic Eligibility
First and foremost, you must be at least 21 years old to apply for the UOB One Card. Additionally, you must meet the minimum income requirement. The minimum annual income requirement for Singapore citizens and Permanent Residents is S$ 30,000 per year. If you are a foreign national, the minimum annual income requirement is S$ 40,000.
Documentation
To apply for the UOB One Card, you must provide some documentation. This includes a copy of your NRIC or passport and your latest computerised payslip or Income Tax Notice of Assessment. You may also need additional documentation, such as proof of residence or employment.
If you’re a Singapore citizen or Permanent Resident, you can use MyInfo to apply for the UOB One Card. MyInfo is a government service that allows you to share your personal information with participating organisations. Using MyInfo, you can skip the hassle of manually filling out forms and submitting documentation.
Overall, the eligibility and requirements for the UOB One Card are relatively straightforward. As long as you meet the minimum income requirement and have the necessary documentation, you can apply for the card without any issues.
One Account UOB Card: Fees and Charges
If you’re considering applying for the UOB One Card, it’s essential to understand the various fees and charges that come with it. Here’s a breakdown of what you need to know:
Annual Fees
The UOB One Card has an annual fee of S$192.60, which is waived for the first year. However, if you spend at least S$1,000 per month for three consecutive months, the annual fee for the subsequent year will be waived.
Other Relevant Fees
In addition to the annual fee, there are a few other fees to be aware of. These include:
- Fall-below fee: If your account balance falls below the minimum requirement of S$500, you will be charged a monthly fee of S$2.
- Early account closure fee: If you close your UOB One Card account within six months of opening it, you will be charged an early account closure fee of S$80.
- GIRO debit transactions: If you use GIRO to make payments from your UOB One Card account, you will be charged S$0.30 per transaction.
- Chequebook: If you require a chequebook, you will be charged S$10.
It’s important to note that these fees are subject to change, so check with UOB for the most up-to-date information.
Overall, while some fees are associated with the UOB One Card, they are relatively standard for a credit card in Singapore. If you use the card wisely and meet the requirements for fee waivers, you can enjoy the card’s benefits without paying too much in fees.
One Account UOB Card: Comparative Analysis
UOB One Account vs Other UOB Accounts
If you are looking for a credit card offering a high cashback rate and a wide range of benefits, then the UOB One Account is worth considering. However, before you make your final decision, it’s essential to compare it with other UOB accounts, such as the UOB Lady’s Card, UOB EVOL Card, UOB Visa Signature Card, and UOB Preferred Platinum Visa Card.
Compared to the UOB Lady’s Card, the UOB One Account offers a higher cashback rate and more flexible cashback requirements. On the other hand, the UOB Lady’s Card provides more benefits for women, such as discounts on beauty and wellness services.
The UOB EVOL Card is an excellent choice for those who frequently use mobile wallets and online shopping platforms, as it offers cashback for these transactions. However, if you are looking for a card with a higher cashback rate, then the UOB One Account is a better option.
The UOB Visa Signature Card and UOB Preferred Platinum Visa Card offer a range of benefits, such as dining and travel perks. However, they have higher annual fees and lower cashback rates than the UOB One Account.
Comparison with Competing Banks
When it comes to competing banks, the UOB One Account holds its own against other popular cashback credit cards, such as the DBS Multiplier and OCBC 365. While the DBS Multiplier offers higher cashback rates for certain categories, such as salary credit and insurance, the UOB One Account offers a higher overall cashback rate for everyday spending.
The OCBC 365 and OCBC 360 accounts also offer a range of benefits, such as dining and petrol discounts. However, they have lower cashback rates compared to the UOB One Account.
Overall, the UOB One Account is an excellent choice for those looking for a credit card with a high cashback rate and flexible cashback requirements. While other credit cards offer certain benefits, such as discounts on beauty and wellness services, the UOB One Account offers a great all-around package.
Maximising Your One Account UOB Card
If you have a UOB One Account, you can maximise your benefits by optimising your cashback and strategic savings. Here’s how:
Optimising Cashback
With the UOB One Account, you can earn up to 3.33% cashback on your spending. To maximise your cashback, you must spend at least S$500 on your UOB One Card and selected Cards monthly. What constitutes spending? Just about anything, from groceries to dining out to online shopping.
To get the most out of your cashback, use your UOB One Card for all your purchases. Remember that the maximum cashback rate is S$100 per month, so plan your spending accordingly.
Strategic Savings
Another way to maximise your UOB One Account is to save money strategically. By crediting your salary of at least S$1,600 or making 3 GIRO payments monthly, you can earn up to 2.5% p.a. interest. This is in addition to the cashback you earn on your spending.
Consider setting up automatic salary crediting and GIRO payments to make the most of your strategic savings. This will ensure you never miss a payment and earn the maximum interest rate.
Remember, the UOB One Account is a great way to earn cashback and interest on your savings. By optimising your cashback and strategic savings, you can maximise your benefits and get the most out of your account.
One Account UOB Card: Special Features for Specific Needs
If you are a frequent traveller, the UOB One Card has unique features that make it an excellent choice. The UOB Travel Planner lets you plan your travels and enjoy exclusive discounts on flights, hotels, and tour packages.
Additionally, the card offers up to 3.33% cashback on overseas spend, making it an excellent option for those who frequently travel abroad. The card also offers Visa and Mastercard benefits, including travel insurance coverage, emergency assistance, and more.
Travel and Foreign Currency
When travelling abroad, the UOB One Card offers excellent perks for foreign currency spend. With no foreign transaction fees, you can save on currency conversion rates and enjoy up to 3.33% cashback on overseas spending.
Additionally, the card offers complimentary travel insurance coverage for you and your family when you charge your travel expenses to the card. This includes coverage for trip cancellation, baggage loss, and more.
Online and Mobile Spending
For those who prefer to shop online or use mobile payment apps, the UOB One Card has got you covered. The card offers up to 5% cashback on online and mobile contactless spending, making it an excellent option for those who frequently shop online or use mobile payment apps. Additionally, the card offers exclusive discounts and promotions with popular online merchants such as Lazada, Shopee, and more.
In conclusion, the UOB One Card offers unique features that cater to specific needs such as travel and online/mobile spending. With its cashback rewards, Visa and Mastercard benefits, and exclusive discounts, the UOB One Card is a great option for those looking to maximise their spending and enjoy great perks.
One Account UOB Card: Integration with UOB Products
If you already have a UOB credit card, you can easily link it to your UOB One Account to enjoy even more benefits. Doing so’ll earn cashback on your spending and interest on your UOB One Account balance.
Additionally, you can use your UOB One Debit Card to earn up to 10% cashback on dining, online shopping, groceries, transport, and more.
UOB Cards and Payment Options
Suppose you’re looking for a credit card that complements your UOB One Account. In that case, you might want to consider the UOB Lady’s Card or the UOB Lady’s Solitaire Card, both of which offer cashback on fashion and beauty spending. Alternatively, the UOB PRVI Miles card is an excellent option for those who love to travel, as it provides air miles on all spending.
If you’re a frequent flyer, you might also want to consider the KrisFlyer UOB Credit Card, which offers air miles and airport lounge access. Additionally, you can link your KrisFlyer UOB account to your UOB One Account to earn even more air miles.
Investment and Insurance Options
UOB also offers a range of investment and insurance options to link to your UOB One Account. For example, you can invest in a Unit Trust through UOB Asset Management or purchase insurance through UOB Insurance. By doing so, you’ll earn higher interest rates on your UOB One Account balance while growing your wealth and protecting your assets.
In conclusion, the UOB One Account is an excellent option for those looking to earn interest on their savings and cashback on their spending. By linking your UOB credit card and other UOB products to your UOB One Account, you can maximise your rewards and enjoy a seamless banking experience.
One Account UOB Card: Customer Experiences and Reviews
Considering the UOB One Card, you might want to know what other customers think. Based on reviews from SingSaver, the UOB One Card is one of the most generous cashback credit cards in Singapore. It offers a tiered cashback system that gives you up to 15% cashback on Grab rides and purchases at Dairy Farm Singapore merchants. All other spending will be eligible for 3.33% cashback.
According to MoneySmart, the UOB One Card is a cashback credit card that offers cashback on almost all types of daily spending. However, some customers have reported that the cashback system can be quite complicated, and they have had difficulty meeting the minimum spend requirements to earn the cashback.
Overall, the UOB One Card has received mixed reviews from customers. Some people love the cashback rewards and find the card easy to use, while others find the cashback system too complicated to understand.
If you’re unsure whether the UOB One Card is correct, it’s always a good idea to read reviews from other customers and compare them to other credit cards on the market.
One Account UOB Card: Convenient Banking with UOB
Are you looking for a bank that offers convenient banking options? Look no further than UOB and their One Account card. With UOB, you can enjoy various digital banking tools and excellent customer support.
Digital Banking Tools
UOB offers a range of digital banking tools to make your banking experience as convenient as possible. With their online and mobile banking services, you can manage your account from anywhere, at any time. Plus, with their contactless spending feature, you can purchase with just a tap of your card or mobile device.
UOB also offers MyInfo, which allows you to fill out forms with your personal information quickly and securely. This makes opening new accounts or applying for loans a breeze. And if you prefer to use Samsung Pay, UOB has you covered there, too. You can link your One Account card to Samsung Pay and enjoy fast and easy payments with your mobile device.
Customer Support
At UOB, customer support is a top priority. They offer a range of support options, including a 24/7 hotline and online chat support. Plus, with their ShopUOB platform, you can enjoy exclusive deals and discounts on various products and services.
Overall, UOB’s One Account card is an excellent option for anyone looking for convenient banking options. With their range of digital banking tools and excellent customer support, you can rest assured that your banking needs will be handled.
One Account UOB Card: Additional Benefits and Promotions
If you are considering getting a UOB One Card, you will be pleased to know that many additional benefits and promotions come with it. Here are some of the most exciting ones:
Merchant Discounts and Offers
As a UOB One Cardholder, you will get access to exclusive discounts and offers from a wide range of merchants. For example, you can enjoy up to 10% cashback at McDonald’s, DFI Retail Group, Grab, Shopee, and SP, with a cashback cap of S$500 per quarter.
You can get up to 8% off at Giant and 7-Eleven and up to 12% off at Cold Storage.
Exclusive UOB Collaborations
UOB has collaborated with several well-known brands to bring you more benefits and promotions. For example, you can enjoy up to 10% off your Taobao purchases when you pay with your UOB One Card. You can also get up to 15% off your Grab rides, and up to 10% off your Dairy Farm Group merchants purchases.
In addition to these benefits, you can also enjoy additional cashback when you use your UOB One Card to pay your Singapore Power Utilities bill. You can get up to 3.33% cashback on your utility bill on top of your quarterly cash rebate.
Finally, if you are an American Express (Amex) member, you can link your Amex card to your UOB One Card to enjoy even more benefits and promotions. For example, you can get up to 10% off your utility bills when you pay with your linked Amex card.
The UOB One Card is an excellent choice for anyone looking for a credit card with great benefits and promotions. Whether looking for discounts on your daily purchases or exclusive collaborations with your favourite brands, the UOB One Card has something for everyone.
One Account UOB Card: Security and Protection
Regarding banking, security and protection should be at the top of your list of concerns. Fortunately, the UOB One Account card offers some of the best security measures available in Singapore.
First and foremost, UOB takes the security of your account seriously. They have implemented multiple layers of security to ensure your account is safe from unauthorized access. For example, you can set up two-factor authentication to protect your account.
In addition to UOB’s own security measures, the Singapore Deposit Insurance Corporation (SDIC) provides additional protection for your account. The Deposit Insurance Scheme is a Singapore government guarantee that protects your deposits if your bank fails. Under the scheme, your deposits are insured up to SGD75,000 per depositor per bank.
Overall, the UOB One Account card is a safe and secure option for your banking needs in Singapore. With UOB’s security measures and the protection provided by the SDIC, you can rest assured that your money is in good hands.
One Account UOB Card: Closing Your Account
Closing your UOB One Account is a simple process. You can do it online, via phone or in person at a UOB branch. To close your account online, you need to log in to your internet banking account and follow the instructions provided.
It is important to note that if you close your account before the end of the quarter, you will forfeit any interest earned for that quarter. Additionally, there may be an early account closure fee if you close your account within the first 6 months of opening it.
To avoid the early account closure fee, it is recommended that you keep your account open for at least 6 months. However, if you need to close your account before the 6-month mark, check if you are eligible for any fee waivers.
Before closing your account, clear any outstanding balances and cancel any automatic payments or direct debits linked to your account. This will prevent any unexpected charges or issues with your account closure.
Overall, closing your UOB One Account is straightforward, but it is essential to be aware of any applicable fees or restrictions. Following the steps outlined above can ensure a smooth and hassle-free account closure.
Frequently Asked Questions
How can I maximise my savings with the UOB One Account?
To maximise your savings with the UOB One Account, you must meet the minimum monthly spending of $500 and credit your salary or make 3 GIRO debit transactions monthly.
Doing so can earn up to 3.88% p.a. interest on your savings. Additionally, you can pair your UOB One Account with a UOB One Credit Card to earn cashback on your spending.
What are the latest promotions available for UOB One Account holders?
UOB frequently offers promotions for its One Account holders. As of January 2024, UOB offers up to $120 cash credit for new One Account customers who deposit and maintain a minimum balance of $50,000 for 6 months.
Additionally, you can earn up to $100 cash credit when you open a UOB One Account and apply for a UOB One Credit Card.
Are there any specific exclusions to the $500 spending requirement for the UOB One Account?
There are specific exclusions to the $500 spending requirement for the UOB One Account. Transactions not eligible for the $500 spending requirement include payments to educational institutions, insurance policies, and investments.
You can refer to the UOB website for a complete list of exclusions.
How does the UOB One Account stack up against OCBC’s offerings?
While UOB and OCBC offer similar savings accounts, the UOB One Account is unique because it rewards customers for spending and saving. With the UOB One Account, you can earn up to 3.88% p.a. interest on your savings and up to 10% cashback on your spending.
On the other hand, OCBC offers higher interest rates on its savings accounts but does not offer cashback on spending.
What’s the minimum salary requirement for UOB credit card eligibility?
The minimum salary requirement to be eligible for a UOB credit card varies depending on the card you apply for. For example, the UOB One Card requires a minimum annual income of $30,000 for Singaporeans and PRs and $40,000 for foreigners.
However, other UOB credit cards may have different minimum income requirements.
Could you explain the differences between the UOB Stash and One Account?
The UOB Stash and One Account are both savings accounts offered by UOB but have different features. The UOB Stash Account offers bonus interest rates for customers who save a minimum amount per month and do not make any withdrawals. On the other hand, the UOB One Account rewards customers for spending and saving, offering up to 3.88% p.a. interest on savings and up to 10% cashback on spending.
