The United Overseas Bank (UOB) is a leading bank in Asia, recognized as the “Best Bank in Singapore” by Global Finance for multiple years and serving over 5 million customers globally.
What you need to know about this credit card:
- Minimum Income: S$30,000 for Singaporeans/PRs; S$40,000 for foreigners.
- Annual Fee: S$196.20 (waived with 3 transactions every month).
- FX Fees: 0% administrative fees on all foreign currency transactions.
- Approval Time: Instant approval available via Myinfo for eligible applicants.
Pros:
- High Cashback: Earn up to 10% back on local online and mobile contactless payments.
- Travel Savings: Enjoy 0% FX fees worldwide with no minimum spend or cap.
- Eco-Friendly: Southeast Asia’s first bio-sourced card made from renewable materials.
- Streaming Perks: Get 10% back on Netflix, Spotify, and Disney Plus subscriptions.
- Simple Waiver: Easily avoid the annual fee by using the card just 3 times a month.
Cons:
- Monthly Cap: Local cashback is capped at S$80 per statement month.
- Minimum Spend: You must spend S$800 monthly to trigger the 10% cashback rate.
Is UOB a good bank?
The UOB EVOL Card outperforms the DBS Live Fresh Card by offering a higher 10% rebate rate, making it a top choice for anyone looking for an online credit card with high returns on specialized categories.
When compared to the OCBC FRANK Card, the UOB EVOL Card stands out for travelers because it offers 0% FX fees, saving you the 3.25% fee usually charged by OCBC.
Against the Citi Cash Back+ Card, which offers a flat 1.6% rate, the UOB EVOL provides much higher value for digital natives. It simplifies the credit card application process via Myinfo, allowing you to maximize the 10% mobile and online categories faster.
The Standard Chartered Smart Card lacks the comprehensive lifestyle rewards and the clear credit card eligibility path of UOB, which includes unique green initiatives and extensive dining deals for those meeting the S$30,000 income floor.
Compared to the HSBC Advance Credit Card, the UOB EVOL Card is the best singapore credit card for younger professionals due to its lower income floor and superior digital wallet integration.
How to Apply for Your UOB EVOL Card
Ready to start earning? Start your credit card application today and join the thousands of savvy spenders using the best credit cards in Singapore to fund their next adventure.