UOB Absolute Cashback Card | Cashback Credit Cards Singapore 2022

Credit Cards
by Priyadarshini 5 September 2022

The UOB Absolute Cashback Card is one of several cashback cards that offer unlimited cashback. These simply offer a flat cashback rate on all purchases, with no minimum spending requirements, cashback caps, or other nonsense.

What does this card offer?

The UOB Absolute Cashback Card is currently Singapore’s most generous entry-level unlimited cashback card, with a cashback rate of 1.7%. Another major attraction is the lack of typical exclusions, which means you can earn cashback on almost anything, including taxes, school fees, and insurance premiums.

Annual Fee and Minimum Income

The UOB Absolute Cashback card is a reasonably priced credit card with a $30,000 annual income requirement.

  • The annual fee for the UOB Absolute Cashback Credit Card is $192.60.
  • First-year Supplementary Card Annual Fee Waiver $96.30 (waived for the first card).
  • The interest-free period is 21-day
  • The annual interest rate is 26.9%
  • Late Payment Penalty of $100
  • The minimum monthly repayment is 3% or $50, whichever is greater.

You’ve probably heard of unlimited cashback cards. They essentially offer a flat cashback rate on all purchases, with no minimum spending requirements or cashback caps. The UOB Absolute Cashback Card is one such card, and it is currently the most generous of its kind, at least when it comes to entry-level cards. It generously offers a generous 1.7% cashback on all your purchases.

One of the best aspects of these cards is their simplicity. There’s no need to be concerned about meeting minimum spending requirements or deciding which spending categories to use the card in. There’s no need to collect all of the unlimited cashback cards—one is more than enough. UOB Absolute Cashback has now completely outperformed its competitors by providing a cool 1.7% unlimited cashback.

Terms and Conditions

Most unlimited cashback cards have exclusions that prevent you from earning cashback. However, there are a few exclusions in the terms and conditions of the UOB Absolute Cashback Card. That means you can earn cashback on almost anything except:

  • NETS transactions or NETS-related transactions
  • SmartPay transactions and installment payment plans
  • Advances on cash
  • UOB imposed fees and/or charges (eg. late payment charges)
  • Personal loans, balance transfers, and fund transfers
  • Any subsequent transaction that is cancelled, voided, refunded, or reversed
  • Amounts that have been carried over from the previous month’s statement

How can I make the most of my UOB Absolute Cashback Card?

The UOB Absolute Cashback Card offers 1.7% cashback, which is good, but it is not as good as the rebates, rewards, and air miles offered by some cards for specific spending categories such as dining or shopping. If you have other cards that you prefer to use for specific types of spending, go ahead and use them. Because there is no minimum spending requirement for the UOB Absolute Cashback Card, you can simply keep it on hand for spending that you do not have another card for.

Should I apply for a UOB Absolute Cashback Card?

The UOB Absolute Cashback Card is a good credit card for the majority of us, regardless of our spending habits. It’s useful to have on hand whether you want to use it for large purchases or simply as a backup card for spending that you don’t have another card for.

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