UOB YOLO Card: Does It Live Up To The Hype?

Best entertainment cashback rewards card for peple with prosperous night life.

Editor's Rating

3.5

Good for

  • Young professionals with an active social and nightlife
  • Dining, entertainment and transportation benefits

Bad for

  • People who care less about special deals at restaurants, bars or clubs

UOB YOLO Card: Does It Live Up To The Hype?

Best entertainment cashback rewards card for peple with prosperous night life.

Good for

  • Young professionals with an active social and nightlife
  • Dining, entertainment and transportation benefits

Bad for

  • People who care less about special deals at restaurants, bars or clubs

Editor's Rating

3.5

UOB YOLO Card: Does It Live Up To The Hype?

Editor's Rating

3.5

Good for

  • Young professionals with an active social and nightlife
  • Dining, entertainment and transportation benefits

Bad for

  • People who care less about special deals at restaurants, bars or clubs

The UOB YOLO Card is a relatively new addition to the UOB’s lineup of cashback credit cards. Named after a popular phrase “You Only Live Once,” UOB YOLO Card seeks to please the young and trendy crowd who like to live it up but also have a budget to worry about. Not only does it provide rich cashback, UOB YOLO Card also provides many nightlife perks to help you fully enjoy the YOLO lifestyle. Clearly, it deserves a place in our list of top entertainment cards. Its motto is “Eat. Drink. Play. Repeat.” If YOLO if your life motto, that is if you like to go out, wine & dine, travel, and live your life to the fullest at every moment, you will like this card.

Pros of UOB YOLO Card

  • 8% cash rebate on weekend dining and entertainment (3% on weekdays) local and overseas
  • 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 the best clubs in Singapore, 1-for-1 specials at bars and movie theaters
  • Promotion: Up to S$120 of cash credit for new customers

Cons of UOB YOLO Card

  • High annual fee of S$192.6, waived for the 1st year
  • 0.3% cash rebate on everything else
  • S$60 monthly cap on rebate

What makes UOB YOLO Card stand out

In a way, UOB YOLO Card is a more expensive but better version of OCBC Frank Card. Both are designed for a young audience that is looking to spend on leisure. Both have the same rebate cap of S$60 per month and have a similar salary requirement of S$30,000 (S$40,000 for foreigners). However, while OCBC Frank Card charges only S$90 of annual fee (waived for 2 years), UOB YOLO Card charges S$192.6 of annual fee which is waived for only 1 year. Does UOB YOLO Card provide enough benefit to offset S$192.6 of difference in fee? Is UOB YOLO Card worth the cost?

For people who regularly enjoy their life outside of their homes and offices, we think UOB YOLO Card definitely provides the extra boost to justify its extra cost. Let’s review the perks. UOB YOLO Card provides a cool 8% cash rebate on the weekend and 3% on weekdays on entertainment and dining expense, clearly better than OCBC Frank Card, which rebates 5% only on entertainment expense. Although UOB YOLO Card lags behind OCBC Frank Card in online shopping rebate at just 3%, we think UOB YOLO Card’s slightly higher rebate of 8% on dining makes UOB YOLO Card’s rebate much easier to earn. For instance, you only need to spend S$1,000 on UOB YOLO Card on weekend dining and entertainment to earn your maximum rebate of S$60 per month; to earn the same amount on OCBC Frank Card, you would have to spend S$1,200 a month on entertainment alone.

For aspiring professionals looking to make the most of Singapore's nightlife, UOB YOLO Card provides other awesome perks. It provides 1-for-1 drink specials at some of the hottest bars in Singapore, 1-for-1 for weekend movie tickets, and priority queue and free access at the best clubs in town! If you love going out, thrive on getting that VIP treatment, and spend a fair amount of money on alcohol, you could enjoy a lot of free perks by using the UOB YOLO Card. After all, those extra drinks and movie tickets could be a hefty sum for a lot of people. All in all, we think UOB YOLO Card is a great card for all young people who enjoy an active night life and love to wine & dine. Unless you prefer to spend your money on weekend trips to Bali and Thailand, we think UOB YOLO is the way to go.

UOB YOLO Card's Features and Benefits:

  • Annual fee: S$192.6, waived for 1st year
  • Salary requirement: S$30,000 for locals, S$40,000 for foreigners
  • 8% cash rebate on weekend dining & entertainment, local & overseas (3% on weekdays)
  • 3% rebate on online spend including shopping and travel bookings
  • 3% rebate on payment via UOB Mighty or Apple Pay
  • Free Grab rides every weekend Until 31 Dec 2017
  • 0.3% cash rebate on everything else
  • VIP perks like priority queue and free access at the best clubs in Singapore, 1-for-1 specials at bars and movie theaters
  • Minimum monthly spend of S$600
  • S$60 cap on cash rebate per month
  • Promotion: Up to S$120 of cash credit for new customers

How Does the UOB YOLO Card Compare with Other Cards?

Learn how UOB YOLO card differs from other cards in the market. We weigh this card's pros and cons against those of comparable cards to help you select the most ideal card for your needs.

A graph displaying how UOB YOLO Card compares to other credit cards in Singapore in terms of their rewards
UOB YOLO Card vs Other Cards by Dollar Value*

UOB YOLO vs UOB One

Given the popularity of UOB's cashback cards, we wanted to compare UOB YOLO with other cards offered by the bank. UOB One Card is one of the most popular cashback cards in Singapore, and we think it is an ideal choice for anyone willing to jump through some hoops to maximize cashback. UOB One offers a simple but rich rebate of up to 5% on every expense they make. The only caveat, however, is that UOB is one is rather complicated to use. To earn the 5%, you need to spend almost exactly S$2,000 a month. For expense of S$500 or S$1,000 a month, you can earn about 3.33% of rebate. Given this, we think UOB One is suitable for people who have high visibility on their monthly expenses and can optimize their balance on the card at exactly S$2,000 a month. This would most likely include families with large fixed budgets on food, groceries and utilities. 

UOB YOLO vs UOB Delight

UOB Delight Card is another cashback card from UOB that is highly specialized for families that dine in often. While it’s cheap to use with a low annual fee of S$85.6 (waived for the first year), its S$800 to qualify for full benefits may make it rather difficult for singles to use on their own; it might a bit difficult to spend S$800 a month on groceries for just one person. Therefore, we think UOB Delight makes more sense for families that dine at home a lot. UOB Delight’s highlight is 8% discounts on groceries at Cold Storage, Market Place, Jasons, Giant and Guardian. While 8% on groceries is already the highest in Singapore, UOB Delight adds another 10% discount on house brands at Cold Storage, Giant and Guardian, for total of up to 18% discount on groceries. To help you meet the S$800 monthly minimum spend, UOB Delight provides 3% rebate on all Telco and other recurring monthly bills, as well as 3% rebate on contactless transactions for public bus and taxi rides.

UOB YOLO vs OCBC Frank

OCBC Frank Card is another card geared toward a younger audience looking to maximise cashback on their leisure expenses. Offering 120 different designs to choose from, OCBC Frank tries to cater to a younger clientele who want 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 choice 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 costs only S$80 of annual fee to use, 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.

In terms of benefits, the main difference is that UOB YOLO rewards higher rebate on dining and entertainment while OCBC Frank rewards a higher rebate on online shopping. Also, UOB YOLO provides a variety of night life VIP perks like priority que and free access at the best clubs in town as well as 1-for-1 deals at bars, restaurants and movie theater. So if you have the money to spend and want to maximize the bang for your buck, UOB YOLO could be the way to go; it doesn’t take much 1-for-1 drinks and priority queues to make up for the S$192.6 of annual fee. If you are on the lookout for ways to indulge yourself without breaking the bank, 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. For Standard Chartered Visa Infinite and OCBC Voyage, S$4,000 of monthly spend is assumed.

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