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|
New to bank
Welcome Gift:Get $300 cash credit if you are the first 100 new-to-UOB Credit Cardmember and make a min. spend of S$1,000 for 2 consecutive 30 day periods from Card Approval date. Valid till 31 Jan 2023. T&Cs apply.
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
- Shopee (except ShopeePay) (added 1st November 2020)
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.
Keep up to date on the best cashback/mile cards, financial products, attractive deals, and more tips to maximise your financial wellbeing by subscribing to my Telegram channel.
Subscribe to the channel, then join the group chat. You would often benefit from the tips exclusively shared in the group chat!
Disclaimer: I may receive an affiliate/referral fee when you sign up for services/products on this site, and such fees keep the site running. I would only recommend services/products I would personally use or recommend to my own friends and family, but I do not provide any warranty or guarantee for the quality of these services/products. Please exercise due diligence when signing up for any service/product as I will not be liable for any personal loss, financial or otherwise. None of the information here constitutes personal financial advice. Thank you for supporting my site!