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 Spend | Quarterly Cashback | Cashback Yield¹ |
| $500 | $50 | 3.33% |
| $1,000 | $100 | 3.33% |
| $2,000 | $300 | 5% |
UOB One
👍🏼
S$350 Cash Credit:
Valid till 31 Jul 2023, for the first 200 new-to-UOB credit card customers who successfully apply and spend a min. of S$1,000 for 2 consecutive months.
Up to S$190 Cash Credit:
Valid till 31 July 2023 for new UOB Deposit customers.
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:
- Grab (except top-ups after 16th March 2020)
- Dairy Farm Singapore merchants (added 4th July 2020):
- Cold Storage
- Giant
- Guardian
- 7-Eleven
- Marketplace
- Jasons
- Shopee (except ShopeePay) (added 1st November 2020)
Excellent deal: get an iPad with CIMB credit cards! Also, grab S$5 +S$5 Lendlease voucher for use at JEM, 313, PLQ or Parkway Parade in under a minute.
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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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