Choosing a credit card can be a very difficult and complicated process. With hundreds of cards with different kinds of rewards, it could seem impossible to narrow down the list to a few that best fits your situation. We advise everyone to consider first and foremost what their expenditures look like, and what rewards they care the most about before choosing a card. For instance, some cards may require you to spend a lot of money to reap full benefits, whereas others will reward you well no matter how much you spend. With this principle in mind, our team reviewed 100+ options to come up with the best credit cards. Here, we showcase some of the best UOB credit cards that we regard highly.
Table of Contents
- Our Top UOB Credit Cards
- Similar Cards From Other Banks
Our Picks For the Best of UOB Cards in 2017
We have handpicked the top credit cards from UOB to help you narrow down your search for the best credit card. However, each of these cards below can work better for some people while not so well for others. What card you should use depends heavily on how you spend your money month to month. Read on and evaluate which one best suits your needs.
UOB One Card: Highest Flat Rate Cashback
UOB One Card offers the highest flat-rate cashback awards in the country. Many people prefer the convenience of a flat-rate card because it trims the number of monthly bills and spending requirements to monitor. To get the most out of this card, you should aim to spend around S$2,000, S$1,000, or S$500 each month. Each of these amounts represents an optimal point at which UOB One Card’s cashback rate ranging from 3.3% to 5%. Because maintaining a consistent amount of spending is critical for optimizing rewards on UOB One Card, this card is most suitable for people who have high visibility or consistency on their monthly expenses.
Pros of UOB One Card
- Flat rate cashback of up to 5%, one of the highest in the market
- Up to 24% discount on petrol at SPC and Shell
- Extra interest income of up to 3.33% on your UOB One Savings account
- High monthly cap on cashback at S$100
- Promotion: S$50 of cashback for new customers
Cons of UOB One Card
- High monthly spending requirement of up to S2,000 to qualify for high rewards
- Rather complicated to use to maximize rebate
UOB PRVI Miles American Express Credit Card: Best Miles Card for Affluent Spenders
Also featured in our Best Rewards Cards 2017, UOB PRVI Miles American Express Credit Card is one of the best travel cards in Singapore. Although its annual fee of S$256.8 is less than half of cards like Citi PremierMiles or Standard Chartered Visa Infinite cards, it still offers one of the highest flat-rate mile awards in the country at 1.4 miles per S$1 spent locally and 2.4 miles per S$1 spent overseas. However, the savings do come at a price, with the card offering fewer perks compared to more expensive options. Therefore, this card works well for people willing to forgo perks like free lounge access or hotel rewards in order to build up high mileage and dodge high fees.
Pros of UOB PRVI Miles Card
- One of the highest awards rates, 1.4 miles for S$1 spent locally, 2.4 miles for S$1 spent overseas, 6 miles on S$1 spent on travel
- Low annual fee compared to other high mile cards (S$256.8, waived 1st year)
- Promotion: S$50 of cashback for new customers
- Bonus: 20,000 loyalty miles every year with at least S$50,000 of spend on the card
Cons of UOB PRVI Miles Card
- Points expire in 2 years
- No complimentary lounge access (you do get 30% discount on lounge fees)
- Limited perks like complimentary nights at a limited hotel chains
UOB Delight Credit Card: Best Cashback Card for Groceries
As far as grocery is concerned, UOB Delight Card offers possibly the best offer among rewards cards in Singapore. If your family prefers to cook at home and doesn’t mind buying house brands, this card could help you save up to 18% on grocery purchases at Cold Storage, Giant and Guardian. Even for non-house brands, UOB Delight Credit Card provides one of cashback rates of 8%. This card also provides discounts of up to 3% on mass transit and utility bills, making it ideal for anyone with a big family to feed and fixed expenses to take care of every month. Small wonder why it's often called “the mom card” by many people.
Pros of UOB Delight Card
- Very low annual fee of S$85.6, waived for the first year
- Cash rebates targeted for families like up to 18% off on groceries, and 3% off on utility bills (i.e. recurring telco & insurance bills) and mass transit
- Promotion: S$50 cash rebate for new customers
Cons of UOB Delight Card
- S$800 monthly minimum spend to enjoy full benefits
- S$50 monthly cap on cashback, upon reaching earn 0.3% cashback
UOB YOLO Card: Best Cashback Card for Entertainment
The UOB YOLO Card is unique among the UOB cards because of its entertainment rewards. A new addition to UOB's line up cards, UOB YOLO takes its name from the popular acronym for “You Only Live Once.” Living up to its name, UOB YOLO provides up to an 8% discount on entertainment and dining. Not only that, UOB YOLO card also helps you save 3% on all your online fashion and travel transactions. Lastly, UOB YOLO Card is offering free Grab rides on every weekend from now until 31 Dec 2017, a potentially huge source of saving.
The highlight, however, is UOB YOLO Card's complimentary nightlife perks, such as one-for-one drink specials and priority queue at the best clubs in Singapore. The card's motto is “Eat. Drink. Play. Repeat.” If you like to go out, wine & dine, and live your life to the fullest at every moment, this card could be quite ideal for you.
Pros of UOB YOLO Card
- 8% cash rebate on weekend dining and entertainment (3% on weekdays)
- 3% cash rebate on online fashion and travel transactions
- Free Grab rides every weekend Until 31 Dec 2017
- VIP perks like priority queue and free access at best clubs in Singapore, 1-for-1 specials at bars and movie theaters
Cons of UOB YOLO Card
- High Annual fee of S$192.6, waived for the 1st year
- S$60 monthly cap on rebate
Summary of Best UOB Credit Cards
In case you want a quick look at our picks, here are ValuePenguin's best UOB credit cards.
|Best UOB Cards||Summary||Annual Fee|
|UOB One Card||5% cashback||S$192.6|
|UOB PRVI Miles American Express Card||Best Miles Card for High Spenders||S$256.8|
|UOB Delight Card||Best Rebate on Groceries||S$85.6|
|UOB YOLO Card||Best Cashback Card for Entertainment||S$192.6|
Similar Cards from Other Banks to Consider
To help you find your ideal rewards card, we have compared and contrasted each of the UOB cards with similar cards from other banks. Most of these cards offer fantastic rewards in that cater to people with different needs. Also, you should note that below dollar values are not the only important factor in choosing a credit card because each card caters to a unique set of demand. For instance, these dollar values can vary significantly depending on your spending habits. Make sure to read through each card's review and see if it fits your monthly budget and spending habits. There are also other "intangible" benefits like complimentary travel insurance and free access to airport lounges whose values are difficult to quantify but nevertheless incredibly valuable to some consumers.
UOB One vs American Express True Cashback Credit Card
The American Express True Cashback is another flat-rate cashback rewards card. Unlike UOB One card, this card is quite easy to use because it has no minimum spend requirement or cap on cashback. While it has a lower flat rate of 1.5% compared to the UOB One Card, its lack of cap on cashback could actually help you save more money over time. For instance, the UOB One Card yields a higher rate of cashback over the first S$2,000 of monthly spending, but Amex True Cashback Card wins once your monthly spend hits S$7,000 or more. If you are looking to maximize the dollars you earn back instead of optimizing for rebate rate and you have the budget to back it up, American Express True Cashback card may be the choice for you.
UOB PRVI Miles vs Standard Chartered Visa Infinite Credit Card
While those of you who value low annual fee over luxury perks may prefer the UOB PRVI Miles Card, those of you who value luxury perks may consider getting a Standard Chartered Visa Infinite Card. While its flat rate mile award is same as UOB PRVI Miles for local spend, Standard Chartered Visa Infinite offers 3 miles for overseas spend. Three miles per S$1 is even better than the offer of 2 miles from Citi Prestige. Relative to UOB PRVI Miles Card, Standard Chartered Visa Infinite is almost four times more expensive over a 2-year period than UOB PRVI Miles card; the annual fee is S$588.50, with no waiver available. SC Visa Infinite card also comes with a lot of perks like Hilton Gold status and free lounge access. Given these factors, Standard Chartered Visa Infinite Credit Card is more suitable than UOB PRVI Miles card for frequent business travelers. For example, miles used for short-haul to long-haul business class tickets are valued somewhere around S$0.03 to S$0.06. If you spend S$5,000-S$10,000 overseas per year, that’s S$450 to S$1,800 of value from air miles.
UOB PRVI vs DBS Altitude Credit Card
DBS Altitude Credit Card is a very popular air mile card in Singapore. Compared to UOB PRVI Miles card, we think this card makes sense for people who care more about annual fee waivers and have a moderate spending power. While DBS Altitude charges S$192.6 of annual fee (waived the 1st year), it will waive its annual fee if you spend S$25,000 a year (about S$2,000 a month). Given the lower fee, DBS Altitude tends to lag behind UOB PRVI Miles in terms of awards, providing only 1.2 miles for S$1 of local spend, 3 miles for S$1 of overseas spend and 3 miles for S$1 spent on online travel booking. So if you are happy to sacrifice some award rates in order to save on the annual fee, DBS Altitude may make more sense.
UOB Delight vs OCBC 365
OCBC 365 is a more versatile version of UOB Delight. Just like UOB Delight, OCBC365 offers well-rounded rebates covering groceries, mass transit and monthly recurring bills. However, OCBC 365 also provides discounts on dining and petrol. OCBC 365 is also the cheaper card because it waives its annual fee as long as you maintain an annual spend of S$10,000. Not only that, OCBC 365 may be easier to use because it only requires S$600 of monthly minimum spend to qualify for full benefits. To summarize, OCBC 365 is more comprehensive in coverage but less rewarding in groceries than UOB Delight. Therefore, OCBC 365 may be more suitable for families with a diverse set of needs. For families with expenses highly skewed towards groceries, however, UOB Delight might be a more suitable choice.
UOB Delight vs Citibank Cashback
Citi Cashback card might be a better way to save money than UOB Delight on meals both in and out of home. Citi Cashback provides 8% rebate on both dining and groceries, though it lacks the additional 10% off on house brands at select retailers offered by UOB Delight. Where Citi Cashback really outshines UOB Delight is the additional 8% rebate on all your dining expenses. If you want to save money on all of your meals whether you eat at home or at restaurants, Citi Cashback could be the better option in our opinion. However, if you take care of your meals predominantly by cooking at home, you can probably save more money on your grocery shopping (including transportation back and forth) using UOB Delight than Citi Cashback.
UOB YOLO vs OCBC Frank
OCBC Frank Card is another card geared towards entertainment and leisure awards. Offering 120 different designs to choose from, OCBC Frank tries to cater to a younger audience that wants to express their individual identities in every aspect of their lives. We think it’s a tough call to choose between the two cards, but if we had to choose, we would base the decision on our entertainment & leisure budget and relative importance of online shopping & travel bookings vs wine & dining.
In many ways, OCBC Frank card is a budget version of the UOB YOLO Card. It only costs S$80 of annual fee, but you can get it waived forever as long as you spend a minimum of S$10,000 on the card. This drastically contrasts UOB YOLO’s hefty S$192.6 of annual fee that’s only waived for the 1st year. Also, UOB YOLO provides a variety of nightlife VIP perks, which OCBC Frank does not have. So if you have the money to spend and enjoy an active nightlife, UOB YOLO could be the way to go; a few free drinks and VIP access to clubs could easily make up for the difference in annual fees. If you are on the lookout for ways to indulge yourself with less cost, however, OCBC Frank could be the better choice.
*ValuePenguin calculates the dollar value of rewards based on S$2,000 of monthly spending. We sum the value of points, miles and cashback in dollar terms and subtract the annual fee over a 24-month period. The estimates here are ValuePenguin's alone, and have not been reviewed, approved or otherwise endorsed by the credit card issuer.
**This dollar value is calculated based on S$4,000 of monthly spending.