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
Receive S$150 cash credit with min. spend of S$1,500 on eligible goods and services within 30 days of card approval. Only for first 100 successful applicants who fulfil the spend criteria

Valid till 30th June 2021

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

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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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