UOB Absolute Sign Up Promotion:
- Get S$350 Cashback (only for first 200 customers!!) when you spend S$1,000 per month for 2 consecutive months from card approval date
- Valid from 01 March – 31 March 2025
- Read Terms and Conditions here
UOB Absolute Cashback Credit Card Overview:
- The UOB Absolute Cashback card makes earning cashback simple, offering an industry-high 1.7% unlimited Cashback on spends across all categories and without any minimum spend requirement to boot. This little to spend exclusions can make you transact on anything from the usual everyday spends to commonly excluded MCCs such as Insurance, School Fees, Hospital Bills, etc. The would possibly the perfect go-to card for all your general spending needs.
Eligibility & Fees:
- Minimum Age: 21 years old
- Minimum Annual Income: S$30,000 (locals/PRs); S$40,000 (foreigners)
- Annual Fee: S$196.20 (incl. GST), waived for first year
Key Benefits:
- Earn 1.7% cashback on most spending
- Earn 0.3% on GrabPay Wallet Top Ups
- No minimum spend requirement
- No cashback cap
- No spend exclusions
How to Best Optimise it:
Best for 0.3% cashback on GrabPay Top-Up
- This card is the only card that offers some rewards when you top up GrabPay
What to Avoid:
Exclusion List:
- all NETS and NETS-related transactions;
- Installment Payment Plans, SmartPay transactions (unless otherwise stated);
- cash advances;
- any fees and/or charges (including without limitation, late payment charges, interest charges, annual or monthly fees or charges, service fees or processing fees) imposed by UOB;
- personal loans, balance and/or fund transfers;
- any transaction that is subsequently cancelled, voided, refunded or reversed;
- amounts approved under the UOB Payment Facility and any associated fees or charges; and
- amounts which have been rolled over from any preceding month’s statement.
Past Buffs/Nerfs:
Nerf:
Recently, commonly excluded MCCs can earn the 1.7% earn rate making it the best card to use for those in exclusion list. However, due to the recent update, cashback awarded on the following local transactions will be revised from 1.7% to 0.3% (which is relatively low):
- Grab mobile wallet top-up transactions
- Transactions with the following MCCs:
Is it Worth it:
Advantages:
- Highest 1.7% cashback rate for cards in this category
- No minimum monthly spend and maximum spending cap
- Only card that gives cashback on GrabPay Wallet Top-ups
Disadvantages:
- With the recent nerf, earning rate of 0.3% cashback on commonly excluded MCCs are relatively low
- Mobile contactless payment methods (eg. Apple Pay, Google Pay etc) not supported. You would have to bring the card out and tap it at the paywave terminal
- American Express Cards are not widely accepted by many merchants in Singapore, as compared to Visa or Mastercard
Frequently Asked Questions:
When will I receive my cashback: Cashback earned in current statement period is automatically used to offset the following month’s bill
Comparison Table with other cashback cards with no min spend requirement and no cap:
Description | AMEX True Cashback | Mari Credit Card | UOB Absolute Cashback | SC Simply Cash | Citi Cashback+ |
Cashback Rate | 1.5% | 1.7% | 1.7% | 1.5% | 1.6% |
Spend Requirement | No | No | No | No | No |
Cashback Cap | No | No | No | No | No |
Earn cashback on commonly excluded MCC | Yes (including education fees, insurance, healthcare, utilities and telco)) | No | Yes (but after the update, 0.3% cashback only) | No | Yes (Other private healthcare facilities) *MCC 8062 (Hospital) excluded |
Minimum Annual Income | S$30,000 | S$30,000 | S$30,000 | S$30,000 | S$30,000 |
Earn cashback on bill payments | Yes | No | Yes | Yes | No |
Cashback Redemption | Receive cashback in the same month's statement | The cashback credited will be automatically applied to offset the billed amount in your next statement cycle. | Receive cashback automatically in the next statement month | Receive cashback automatically in the next statement month | Redeem cashback via SMS or on the Citi Mobile® app — cashback earned doesn’t expire |
Final Thoughts:
- The best part about this card is that you can earn 0.3% cashback on Grab wallet Top-ups. Other than that, I don’t recommend using this card for anything else.
Credit cards change their T&Cs every so often and it is difficult to stay updated. That’s why I created a Telegram Broadcast where you can receive timely bite-sized updates to get the most out of your spending.
UOB Absolute Sign Up Promotion:
- Get S$350 Cashback (only for first 200 customers!!) when you spend S$1,000 per month for 2 consecutive months from card approval date
- Valid from 01 March – 31 March 2025
- Read Terms and Conditions here
We believe in always paying our credit card bills on time and in full. It is only by doing that, can we fully maximise our credit card benefits.
