Why I stopped using the UOB One Credit Card

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Nerf of $2000 Spend tier to 3.33%
- From Jul 2022 Statement month, $2000 Spend tier will only get 3.33% Cashback, instead of 5% previously.
- This will align the Base cashback % across $500, $1000 and $2000 spend tier
- For $2000 spend * 3 months, previous 5% Cashback = $300 per quarter. With 3.33%, now = $200 (Less $100 per quarter)

Reduced consumption spending (Grab, Shopee)
- No more Work from home, not available to collect parcel and Grab orders

Reduced Effort for tracking min spend
- Busy with work and side hustle

CardUp and iPayMy
- 3.33% less 2% fee = 1.3% Effective cashback, may still be worth it?
- Doesn’t really affect $500 and $1000 spend tiers

Some good news?
- SimplyGo added as Bonus category that can earn 5%-6.67% Additional cashback
- Use Revolut for 20% Public Transport Cashback first

My alternative (Amaze + Citi Rewards)

[tpsoo]

Yea, had a lot of issues with this card. There's a lot of limitations eg transactions won't count if it's a charity organisation (like fees incurred from a professional board) or if the post date of the transaction was delayed to next month etc. These are things outside the consumers' control n u only realised when u dun receive the interest..

[munster]

I use UOB One Card for recurring bills and grocery shopping. >$1K monthly no problem.

[ralphou]

my fav bank is UOB, never have i used it once

[yamikirin]

So you no longer have a cashback card?

I too am thinking of moving my high pend card to a miles card soon but will need to see how my sending looks like in the next few months

[kennytan]

Ok. So Chris, do what you do for a living?

[kenkoh]

I also not using it as main card as the rebate is given every 3 months. One month miss n no more rebate

[Haofongf]

What's the admin fees 2%? So means you don't get back $200 every 3 months?

[joeyjoestar]

Hi Chris, regarding of the spending must it be on the selected category such as Grab, Shopee, Daily Farm, SP? In the website i saw that a rebate of 3, .33% of all spending and i curious what type of spending is consider cashback and does spending on retail, f&B and online such as lazada or online travel booking count as part of the spending?

[JRambonian]

I still continue using uob one card $500 every month

[lewxxx]

I'm using a combination of UOB ONE, EVOL and Absolute to maximise the caseback. Wonder if this is a good strategy?

[chocoluckystar]

I will be taking Grab rides amounting 600-800 per month. Do you still think this is the best cashback card for grab rides? If 600-800 per month of grab rides we will get around 8.3% for Grab? Is there any cap earning for Grab rides? Or is there any other better card?

[lala-rjdi]

Why would u use uob one for grab though? It's only free to use mastercard for grab now since they now charge visa card transaction fee though. Just fyi.

[rob]

Still have the 20% cashback as of Jul?

[ASingaporeChipmunk]

Boss 02:18 nobody at home they throw into the riser lor lol.

[lishr]

Has revolut stopped with the 20% cashback?

[MrHelloAP]

Any review on
New DBS Vantage Card. ?