If you’re a Singaporean looking for a credit card to help you manage your finances better, then the UOB CashPlus card might be the right choice. This card offers many benefits to help you save money and stay on top of your expenses. In this article, we’ll review the UOB CashPlus card and compare it to other credit card options available in Singapore.
One of the reasons you might choose the UOB CashPlus card is that it allows you to withdraw cash at over 877,000 ATMs worldwide, making it a convenient option for travellers.
Additionally, the card offers a range of benefits and rewards, including cashback and exclusive offers. In this article, we’ll explore the financial benefits and rewards of the UOB CashPlus card, as well as how to manage your card and understand fees and charges.
Key Takeaways
- The UOB CashPlus card offers many benefits and rewards, including cashback and exclusive offers.
- This card is a convenient option for travellers, as it allows you to withdraw cash at over 877,000 ATMs worldwide.
- In this article, we’ll review the UOB CashPlus card and compare it to other credit card options available in Singapore.
Why Choose UOB CashPlus?
If you are looking for a flexible and convenient way to access cash anytime, anywhere, then UOB CashPlus is the perfect solution for you. Here are some reasons why you should choose UOB CashPlus:
Understanding UOB CashPlus
UOB CashPlus is a personal line of credit that gives you cash, rebates, and the convenience of ‘Cash & Carry’ at over 20 participating merchants like Best Denki, EpiCentre, Barang Barang, SK Jewellery, and more. With UOB CashPlus, you can enjoy low-interest rates, generous credit limits, and attractive rewards. You can apply online or download the application form to get started.
Key Features at a Glance
Here are some of the key features of UOB CashPlus:
- Low-interest rates
- Generous credit limits
- Attractive rewards and rebates of up to 35%
- Cash & Carry at over 20 participating merchants
- UOB CashPlus Visa Card that allows you to earn UOB$ cashback at UOB$ participating merchants
- Access to UOB Personal Internet Banking to manage your account anytime, anywhere
With UOB CashPlus, you can get cash of up to 6X your monthly salary. This means that you can have access to more funds in times of need. Plus, you can enjoy a flexible repayment period of up to 36 months.
In summary, UOB CashPlus is a great option for anyone looking for a flexible and convenient way to access cash. With low-interest rates, generous credit limits, and attractive rewards, UOB CashPlus is a great choice for anyone looking for a credit card that offers more than just credit.
Applying for UOB CashPlus
If you are interested in applying for the UOB CashPlus card, you will need to meet certain eligibility criteria and provide specific documents during the application process. Here are the things you need to know to apply for UOB CashPlus:
Application Requirements
To be eligible for UOB CashPlus, you must be a Singaporean Citizen or Permanent Resident, or a foreigner with a valid work permit. You must also be at least 21 years old and have an annual income of at least S$30,000. If you are a salaried employee, you will need to provide your computerised payslip or CPF contribution history statement. If you are self-employed, you will need to provide your income tax notice of assessment and CPF contribution history statement. Foreigners will need to provide their employment pass, passport, and proof of residence.
The Application Process
To apply for UOB CashPlus, you can either fill out an application form online or visit a UOB Group branch. If you choose to apply online, you will need to have your NRIC or SingPass ready and follow the steps provided. You will also need to upload your income documents during the application process. If you choose to apply in-person, you will need to bring your NRIC or passport, employment pass, and income documents to the branch.
Once your application is submitted, it will take up to 7 business days for UOB to process your application. If your application is approved, you will receive your UOB CashPlus card in the mail. You will also receive an IRAS PIN that you can use to access your CPF contribution history.
Overall, applying for UOB CashPlus is a straightforward process that requires you to meet certain eligibility criteria and provide specific documents during the application process. By following the steps outlined above, you can easily apply for UOB CashPlus and enjoy the many benefits that come with it.
Financial Benefits and Rewards
As a UOB CashPlus Cardholder, you can enjoy a variety of financial benefits and rewards. In this section, we will discuss the different types of rewards and benefits that you can take advantage of.
Cashback and Rebates
With the UOB CashPlus Card, you can enjoy cashback on your spending. You can earn up to 1.5% cashback on your spending when you spend a minimum of SGD 500 per month. The cashback is capped at SGD 100 per month. Additionally, you can enjoy up to 3% rebates on your spending at selected merchants.
Exclusive Promotions
As a UOB CashPlus Cardholder, you can enjoy exclusive promotions and discounts. UOB offers a range of promotions throughout the year, including dining deals, travel deals, and shopping deals. You can also enjoy discounts at selected merchants when you use your UOB CashPlus Card to make your purchases.
UOB Cards Rewards Programme
The UOB Cards Rewards Programme allows you to earn rewards points when you use your UOB CashPlus Card. You can earn 1 reward point for every SGD 5 spent on your card. The rewards points can be redeemed for a variety of rewards, including cash rebates, travel vouchers, and shopping vouchers.
If you are looking for more rewards, you can consider applying for other UOB credit cards such as the UOB One or UOB Absolute Cashback Card. These cards offer higher cashback and rewards for different categories of spending.
In addition, as a UOB cardholder, you can enjoy UOB Privileges, which offer a range of exclusive deals and discounts. You can also shop online with ShopUOB and enjoy discounts and rewards when you use your UOB CashPlus Card to make your purchases.
If you are a female cardholder, you can consider applying for the UOB Lady’s Card, which offers additional rewards and benefits tailored for women.
Overall, the UOB CashPlus Card offers a range of financial benefits and rewards that can help you save money and earn rewards on your spending.
Managing Your Card
As a UOB CashPlus cardholder, you have access to a range of features and benefits that make managing your card easy and convenient. Here are some of the ways you can manage your UOB CashPlus card:
Online and Mobile Banking
With UOB Personal Internet Banking and UOB Mobile Banking, you can manage your UOB CashPlus card account anytime, anywhere. You can check your account balance, view your transaction history, and make payments online. You can also set up scheduled funds transfers and scheduled bill payments to ensure that your payments are made on time.
Payment Options and Flexibility
UOB CashPlus card offers a variety of payment options to suit your needs. You can make payments through UOB Personal Internet Banking, UOB Mobile Banking, or by calling the UOB Call Centre. You can also make payments using scheduled funds transfers or scheduled bill payments, which allow you to automate your payments and avoid late fees.
If you prefer to make payments by cheque, you can do so by mailing your cheque to UOB or depositing it at any UOB Cash Deposit Machine. You can also make cash payments at any UOB branch.
Statement of Account and Minimum Amount Payable
You will receive a monthly statement of account that shows your transactions and outstanding balance. You can view your statement of account online through UOB Personal Internet Banking or UOB Mobile Banking. Your minimum amount payable will be shown on your statement of account. It is important to pay at least the minimum amount payable by the due date to avoid late fees and other charges.
UOB Phone Banking
If you need assistance with your UOB CashPlus card, you can call the UOB Phone Banking hotline at 1800 222 2121 (toll-free within Singapore) or +65 6222 2121 (from overseas). The UOB Phone Banking hotline is available 24 hours a day, 7 days a week.
Overall, managing your UOB CashPlus card is easy and convenient, thanks to the range of features and benefits available to you. Whether you prefer to manage your account online or by phone, UOB has you covered.
Understanding Fees and Charges
When it comes to credit cards, understanding the fees and charges is crucial to avoid any surprises. The UOB CashPlus card is no exception, and it’s important to know what fees and charges you may incur.
Annual Fees and Waivers
The UOB CashPlus card has an annual membership fee of SGD 120. However, this fee can be waived if you spend a minimum of SGD 6,000 per year on the card. Additionally, there are no annual fees for supplementary cards.
Interest Rates and Calculations
The interest rate for the UOB CashPlus card is 19.8% per annum. Interest is calculated daily and charged monthly on any outstanding balance. It’s important to note that there is no interest-free period for cash advances.
In addition to interest charges, there are also late payment charges. If you miss a payment, you will be charged a late payment fee of SGD 90. Furthermore, if you exceed your credit limit, you will be charged an overlimit fee of SGD 40.
It’s also worth noting that there is a handling fee of 3% for cash advances. If you lose your card, there is a replacement fee of SGD 20.
Overall, the UOB CashPlus card has reasonable fees and charges. However, it’s important to manage your spending and payments to avoid any unnecessary fees.
Practical Uses of UOB CashPlus
Are you wondering how you can use your UOB CashPlus card to its fullest potential? Here are some practical uses to help you make the most of your card.
Everyday Spending and Transactions
With your UOB CashPlus card, you can use it for everyday spending and transactions. Whether you’re purchasing groceries, paying for your monthly bills, or dining out with friends, your UOB CashPlus card is accepted at most merchants in Singapore.
Plus, with the added convenience of the UOB CashPlus Visa Card, you can easily make payments for things in shops or online. You can also use it to withdraw cash at over 877,000 ATMs worldwide.
Larger Purchases and Cash Flow Management
If you need to make a larger purchase or manage your cash flow, UOB CashPlus has got you covered. With a generous credit line, you can borrow the funds you need and pay it back over time.
Plus, with the available balance in your UOB CashPlus account, you can easily make funds transfers to other accounts or pay off your credit card bills. This makes managing your finances a breeze and helps you stay on top of your cash flow.
In conclusion, UOB CashPlus is a versatile financial tool that can be used for a variety of purposes. Whether you need to make everyday purchases or manage your cash flow, UOB CashPlus has got you covered. With its flexible credit line, convenient UOB CashPlus Visa Card, and easy funds transfer options, you can stay in control of your finances and enjoy the benefits of this powerful financial tool.
Comparing UOB CashPlus with Other Credit Options
If you’re considering applying for a UOB CashPlus card, you may be wondering how it stacks up against other credit options available in Singapore. Here, we’ll compare UOB CashPlus to other UOB cards and competitor credit products to help you make an informed decision.
UOB CashPlus vs Other UOB Cards
UOB offers several other credit cards in addition to CashPlus, including the UOB One Card, UOB Evol Card, KrisFlyer UOB Credit Card, and UOB PRVI Miles Card. While each of these cards has its own unique benefits, CashPlus stands out for its flexibility and convenience.
Unlike rewards credit cards which offer points or miles that can be redeemed for specific rewards, CashPlus allows you to access cash whenever you need it. You can also enjoy low interest rates and generous credit limits with CashPlus, making it a great option for those who need to borrow money.
UOB CashPlus vs Competitor Credit Products
When it comes to competitor credit products, CashPlus holds its own against other personal line of credit loans. However, it’s important to note that some credit cards may offer more attractive rewards or cashback offers.
For example, American Express offers a range of rewards credit cards that allow you to earn points or cashback on your purchases. However, these cards may come with cashback caps or annual fees that could eat into your rewards.
If you’re looking for a flexible and convenient way to access cash, UOB CashPlus is a great option to consider. However, if you’re interested in earning rewards or cashback on your purchases, you may want to explore other credit card options. To find the best credit card or loan for your needs, you can compare rates and features on sites like SingSaver.
Maximising Your Card’s Potential
Are you looking to get the most out of your UOB CashPlus card? Here are some tips to help you maximise its potential.
Strategic Spending for Maximum Benefits
One of the best ways to maximise the benefits of your UOB CashPlus card is to use it strategically. For example, you can earn cash rebates on your telco bills when you use your card to pay them. There are no spend exclusions, so you can earn cash rebates on any amount you spend.
Another way to maximise your benefits is to use your card to pay for school fees and rental payments. You can earn cash rebates on these payments too, up to a maximum of S$1,000 per month for 2 consecutive months.
Leveraging Promotions and Deals
UOB CashPlus also offers a range of promotions and deals that you can take advantage of to maximise your benefits. For example, you can earn cashback on your online purchases when you use your UOB CashPlus Visa Card.
You can also enjoy exclusive deals when you book your travel accommodations through Agoda. Plus, there’s no conversion fee when you use your UOB CashPlus card for overseas transactions.
It’s important to note that there is a cashback cap of S$80 per month. However, this should not deter you from taking advantage of the benefits of your UOB CashPlus card. With strategic spending and leveraging promotions and deals, you can maximise the potential of your card and enjoy great benefits.
Terms and Conditions
When applying for the UOB CashPlus card, it is important to read and understand the terms and conditions that come with it. You can find these on the UOB website or by contacting their customer service team.
To be eligible for the UOB CashPlus card, you must be a Singaporean citizen or permanent resident, be at least 21 years old, and have a minimum annual income of SGD 30,000. Foreigners are also eligible, but they must have a minimum annual income of SGD 80,000.
To apply for the UOB CashPlus card, you will need to provide a copy of your NRIC, CPF statement, and a specimen signature. Once your application has been approved, you will receive your UOB CashPlus Visa card within 7 working days.
It is important to note that the UOB CashPlus card comes with an interest rate of 19.8% p.a., which is subject to change. You should also be aware that there are fees associated with using the card, such as a cash advance fee of 6% of the amount withdrawn or SGD 15 (whichever is higher).
To ensure that you are able to make the most of your UOB CashPlus card, it is important to keep up with your payments and to avoid exceeding your credit limit. If you fail to make your payments on time, you may be charged a late payment fee of SGD 80.
Overall, the UOB CashPlus card can be a great option for those who need access to cash quickly and easily. With its flexible credit limit and attractive rewards program, it is definitely worth considering if you are in need of a reliable source of credit.
Frequently Asked Questions
How exhilarating is the UOB CashPlus Visa Card for flexible financing?
The UOB CashPlus Visa Card is an exciting option for those looking for flexible financing. With a generous credit limit, you can borrow up to 6 times your monthly income, giving you the freedom to manage your finances as you see fit. Plus, with the ability to withdraw cash at over 877,000 ATMs worldwide, you’ll always have access to the funds you need.
What enticing benefits can you expect from the UOB CashPlus card?
The UOB CashPlus card comes with a range of enticing benefits, including rebates of up to 35% at over 20 participating merchants like Best Denki, EpiCentre, Barang Barang, SK Jewellery and more. Plus, with the ability to make payments in shops or online, you can use your UOB CashPlus Visa Card for all your spending needs.
How can you effortlessly check your UOB CashPlus application status?
Checking your UOB CashPlus application status is effortless and easy. Simply visit the UOB website and log in to your account to view your application status. Alternatively, you can call the UOB hotline at 1800 222 2121 for more information.
In what ways does the UOB CashPlus Balance Transfer energise your debt management?
The UOB CashPlus Balance Transfer is an exciting way to manage your debt. With this option, you can transfer your high-interest credit card debt to your UOB CashPlus account and enjoy a lower interest rate. Plus, with flexible repayment options, you can pay off your debt at a pace that suits you.
What are the thrilling perks of obtaining a UOB CashPlus annual fee waiver?
Obtaining a UOB CashPlus annual fee waiver is a thrilling perk of this card. With the ability to waive the annual fee for the first year, you can enjoy all the benefits of the UOB CashPlus card without any additional costs. Plus, with a low annual fee of just S$80, you’ll be able to enjoy the benefits of this card for years to come.
How does the UOB CashPlus compare to a personal loan for spirited financial planning?
The UOB CashPlus card is an exciting alternative to a personal loan for those looking for spirited financial planning. With a personal loan, you’ll typically need to apply for a fixed amount and pay it back over a set period of time. With the UOB CashPlus card, you can borrow up to 6 times your monthly income and pay it back at your own pace. Plus, with the ability to withdraw cash at over 877,000 ATMs worldwide, you’ll always have access to the funds you need.
Conclusion
The UOB CashPlus card is a versatile financial tool ideal for Singaporeans seeking flexible cash access and robust rewards. It offers low-interest rates, generous credit limits, and the ability to withdraw cash from over 877,000 ATMs worldwide, making it especially convenient for travelers. With benefits like cashback, rebates, and exclusive promotions, it’s cost-effective for everyday spending and larger purchases. The card is easy to manage through UOB’s online and mobile banking platforms, though understanding associated fees is crucial. Compared to other credit options, its unique advantages in cash accessibility and flexible repayment make it a compelling choice.
If you require a personal loan for your personal needs, think about Accredit® for a personal loan. Accredit® is a reputable licensed moneylender in Singapore offering tailored loan services to help you achieve your travel goals. Visit Accredit® Loan for more details.
