UOB Absolute Cashback Card

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Key Features

1.7%
Cashback
$0
Min. Spend per month
No
Spend Exclusions

Promotion

Cash Back

You can earn limitless cashback of 1.7% on all purchases, including groceries, insurance, school fees, healthcare, wallet top-ups, and payments for utilities, telecommunications, and rent.

Petrol

You can get fuel discounts of up to 14% at Shell and up to 15% at SPC.

Other Features

You can earn limitless cashback of 1.7% on all eligible purchases, including groceries, insurance, school fees, healthcare, wallet top-ups, and payments for utilities, telecommunications, and rent.
There is no minimum spend requirement to earn cashback.
There are no spend exclusions, except for NETS transactions made with the UOB Absolute Cashback Card.
LOANPANDA aims to maintain accurate and up-to-date information, but the information presented may differ from what you see on the websites of financial institutions, service providers, or specific products. LOANPANDA is not liable to compensate customers if the information presented is not as up-to-date as that of our partners.

Eligibility

Singaporean/PR Minimum Income

S$ 30,000

Non-Singaporean Minimum Income

S$ 80,000

Fees and Charges

Annual Principal Fee: S$194.40
Supplementary Annual Fee: 1st supplementary card free; $97.20 for subsequent cards
Fee Waiver: 1st year fee waiver
Interest Free Period: 21 days
Annual Interest Rate: 26.90%
Late Payment Fees: S$100
Minimum Monthly Repayment: 3% or S$50, whichever is higher
Cash Advance Transaction Fee: 8%
Overlimit Fee: S$40

Review

By LOANPANDA

The UOB Absolute Cashback Card is a great option for individuals who want to earn limitless cashback of 1.7% on all eligible purchases, without any minimum spend requirement. Additionally, cardholders can enjoy fuel discounts of up to 14% at Shell and up to 15% at SPC.

There are no spend exclusions, except for NETS transactions made with the card. The card also comes with a first-year fee waiver and a low minimum income requirement for Singaporeans/PRs at S$30,000.

However, it is important to note the high annual interest rate of 26.90% and the late payment fees and overlimit fees that may apply. Overall, the UOB Absolute Cashback Card is a great cashback option for those who are able to pay their bills on time and want to earn rewards on everyday spending.

FAQ

A credit card is a convenient tool for people to pay for purchases today, offering many perks and rewards that can add up to more savings for the cardholders.

While there are so many types of credit cards offering different features, you may wonder: How best to choose one that suits you?

Here’s a short guide LOANPANDA has compiled to help you understand the credit card requirements, interest rates and basic payment terms.