UOB EVOL Card (ex YOLO Card), Citi SMRT Credit Card REVAMP! - FULL Analysis & Spending Strategy

Recently, the former UOB YOLO card has revamped to become the EVOL card.
And Citi SMRT has transformed to a cashback credit card with minimum spend requirements
In this video, I will go through the full analysis and discuss my spending strategies for these credit cards with minimum spend for you, so that you don’t have to!
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00:00 Introduction
- With higher requirements, comes higher rewards
- Minimum spending credit cards have better cashback (above 5%) than no minimum spend cards
- If you did not hit the minimum spend, most likely get nothing
- Card examples: DBS Live Fresh, OCBC Frank, and the two cards discussed today: UOB EVOL and Citi SMRT

01:16 UOB EVOL Card
- Existing YOLO Card effective till 16 Jun 2021
* 8% cashback on: Weekend Dining & Entertainment, Grab & UOB Travel spend
* 3% cashback on: Weekday Dining & Entertainment, Grab & UOB Travel spend, Online fashion, Online travel (selected)
* 0.3% cashback on all other spend
- NEW EVOL card effective 17 Jun 2021
* 8% cashback on:
* Online spend (includes Dining, Entertainment, Shopping, Fashion, Grab, Hotels and more)
* Mobile contactless spend (all Apple Pay, Google Pay, Samsung Pay, Fitbit Pay) – for all your in-store spend
* 0.3% cashback on all other spend
Cashback cap: S$60 per statement month
(S$20 on online, S$20 on mobile contactless and S$20 on other spend)

UOB EVOL Card strategy ($600 min spend):
To max out $20 Online and $20 Contactless
- Spend ($20/0.08) = $250 for each online and contactless
- $250 online, $250 contactless = $500 total spend, get $40 cashback
- $100 other spend at 0.3% = $0.30
- Top-up EZ-link, Insurance, Grabpay prepaid wallet
- Total Cashback = $40.30 for $600 spend = 6.7% effective cashback

- Existing “Citibank SMRT Card”, valid till 24 May 2021
* 5% savings* on groceries (7.3% for FairPrice Xtra Kallang Wave)
* 5% savings* on fast food, movies and coffee
* 3% savings* on online shopping
- Less 0.3% if statement balance less than $300

- NEW “Citi SMRT Card”, effective from 25 May 2021
- 5% Cashback for Groceries (MCC 5411), Online (exclude mobile wallet and travel), EZ-Link Auto top-up & SimplyGo, Taxis & Private hire rides (MCC 4121)
- Need to hit min spend of S$500, or get only 0.3%

Citi SMRT Card strategy ($500 min spend):
To only spend on eligible $500 categories
- $300 Grocery (NTUC Fairprice, Sheng Siong, Giant, Cold Storage)
- $50 SimplyGo/EZ-Link Auto Top-up
- $50 Grab/Comfort Taxi
- $100 Online (Qoo10, Lazada, Shopee with $10 off every Sunday)
- 5% Cashback on $500 = $25

05:50 Wrapping up
- EVOL is an enhancement, CITI is mixed
- EVOL got rid of confusing cashback categories between weekday vs weekend while keeping the same minimum spend
- CITI requires min spend now which is bad, but expands to online spend category which is more popular
- Do leave your comments below if you want to see more credit card comparisons or even reviews on existing cards like DBS Live Fresh and OCBC Frank

#UOBEVOL #CITISMRT #CreditCard

[HoneyMoneySG]

Sign up for the following credit cards using my link to get more rewards!

[HoneyMoneySG]

Fun fact: Do you know what is EVOL spelt backwards?

[dariuszhishean]

Hi For UOB evol card can i use instarem card to convert the normal transactions to online payments to get the online transactions cashback?
thanks!

[KenliaAdventures]

hihi, thanks for your video, you are like a credit card guru !! able to do videos to review on rewards and miles card as well?

[chenliu]

If I use UOB EVOL, would paywave account for the contactless mobile payment? Thank you.

[hafreak]

Yo bro! Love your vids, keep up the good work.
Was wondering what are your thoughts on UOB evol against UOB one.

Currently using UOB one and as we all know their cashback entitlement is only if you hit the minimum in a consecutive spend in a quarter and cashback payout is only after the said quarter.

Will this make the evol a better option compared to the UOB one? Since if you miss a month of minimum spending in a quarter your entire cashback is forfeited in a sense. Don’t see any quarterly minimum etc on the evol card t&c.

Thanks Chris!

[lifesuck]

Great content, what's your view on EVOL vs live Fresh?

[karthickkarthick]

Hi bro, UOB evol card is good?and can waive back annual charge??

[jasmineow]

Hi Chris! Your BTO analysis videos got me watching all of your other videos, and I find your videos very easy to watch for someone a beginner like me!

I’m currently paying off my wedding expenses, monthly $2k so I’m using UOB One to maximise the 5% cashback. But I’m thinking of getting another card that can pay off huge expenses as well, preferably a cashback card? No min spend cards like unlimited SC and Citi cashback+ are not really in my consideration as 1.5%/1.6% are really low for me, and we’re not in a rush to pay off the expenses just yet. Would you have any recommendations?

[aidansim]

Hey don't mind if i check with you, for the mobile contactless pay for evol code via applepay like my normal paywave's from supermarket or 7-11 buying whatever liek cigarettes and all, does that count into the cashback criteria? If not, should i get myself a Absolute cashback uob card to toggle in between, and if so, how should i toggle?

Nice video nonetheless, subscribed!

[chiayeelow]

Is top up of grab pay wallet considered as the qualifying spend to meet the min spending of $600? Bcoz the customer service told me it is not😓

[nickysujadi]

Hi, thanks for the explanation. I am considering between evol card, the absolute cash back and uob one. My monthly spend is around $1k, what do you think?

[egcmy]

I'm currently using a Razer Pay Prepaid Debit card that allows 1% cashback on all spending.
Thoughts on this as compared to the UOB EVOL (LOVE) card? 😂

[annadelmundo]

Hi for smrt card - ezlink top up manually using smrt card can earn 5% (say i have min $500 spending); or need to be ezlink AUTO TOP-UP ?

[ratungelamun]

How about the annual fee on those card? Do you ask for waiver?

[michellelim]

How would Frank credit card compare with UOB Evol?

[jasonchew]

Hi, i got a question. Since UOB EVOL allows grab wallet topup. Does it mean that paylater function will also be rebated with EVOL>

[eugenepok]

Hi, would like to know if Netflix subscription/Gomo phone bill categorise as online spend for EVOL?

[muhammadaqil]

Are you able to do get this if you're a student?

[tolaysikarthik]

For the minimum spend if I top up my grab wallet $600 will it qualify ? Than after that I do my normal expenses.