Buffed: Up to 10% Cashback on Shopee for UOB One

UOB One just got a lot more useful by adding Shopee to its list of merchants that get additional 5% cashback.

UOB One’s basic cashback tiers:

Monthly SpendQuarterly CashbackCashback Yield¹
$500$503.33%
$1,000$1003.33%
$2,000$3005%
1. Yield assumes exactly $500/$1,000/$2,000 spent each month

UOB One

👍🏼

New to bank

First 100 in November 2022 and first 200 in December 2022 will qualify: get S$300 when you sign up and make minimum spend of S$1,000 per month for 2 consecutive months.

Sign-up Process

  1. Apply with the link
  2. Important: find SingSaver email and fill in redemption form after application; no form no reward
  3. Fulfil requirements as stated in terms and conditions

Credit card terms and conditions
Credit card terms and conditions (UOB)
Banking account terms and conditions
Priority banking terms and conditions

Get 3.33% base cashback if you spend $500, $1,000, or $2,000 a month for three consecutive months. Up to 6.67% additional cashback for Grab, Shopee, and Diary Farm merchants.

When you spend on select merchants, there is additional 5% cashback. UOB One has been updating this list from time to time, and this is the third time this year:

Seth
Seth

Easy deal: get up to S$160 by opening a Citi Plus account, and additional S$100 when you deposit $15,000!

This means that the cashback yield on expenditure made at the above merchants go as high as 8.33% or 10% depending on the quarterly cashback tier you are at.

Given the range of items sold on Shopee, this makes UOB One significantly easier to use for cashback. If you can regularly spend a fixed amount every month on the above merchants, a 8.33 to 10% cashback rate is unbeatable. Just make sure you clock the right amount per month.

A consideration you should have is that Shopee does give some discount when you pay for things using ShopeePay, so do weigh your options to see which gives you the best bang for your buck when shopping on Shopee.

Read the full UOB One review.

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