Thanks to ZM from the Telegram group for pointing this out!
Update: as quietly as it appeared, the new category has now disappeared from the terms and conditions. It is now back, officially.
UOB One just got a really good buff in the form of an additional category for extra 5% cash rebate which includes familiar names like Giant, 7-Eleven, Cold Storage, Guardian, Jasons and Market Place.
This change was quietly added to UOB One’s terms and conditions, and as of writing the official website isn’t even updated yet.
UOB One gives 3.33% cashback if you spend $500 or $1,000 per month consistently for three months. An additional cash rebate of 5% means you will be getting 8.33%. This slightly edges out Maybank Family and Friends’ 8% when it comes to groceries.
The rebate gets even better if you can hit $2,000 per month, and you will get the quarterly cashback rate of 5% plus additional 5% cash rebate making 10%.
Of course, UOB One is more conditional than Maybank FnF because you need to maintain a minimum spending for at least 3 months. Maybank FnF, on the other hand, merely requires a minimum spending of $800 to reach 8% of cashback, and you can spend at any major supermarket including perennially popular NTUC FairPrice. It also includes other categories like telco bills and food deliveries, so FnF remains a very relevant and versatile high cashback card.
Personally, I think this is still a much welcomed improvement since I usually am able to clock about $1,800 per month on my UOB One card via ipaymy, and would have to find $200 worth of expenses to hit the $2,000 tier. I don’t spend that much on Grab (currently the only other merchant to get additional 5% aside from UOB Travel) but groceries would quite easily meet $200 every month.
It also includes 7-11 and Guardian, both of which are not given 8% by Maybank Family and Friends.
Stocking up on groceries for Circuit Breaker? Pick between two excellent cashback choices here:
New to bank
Receive S$50 cash credit when you apply and make a min. spend of S$500 within 30 days of card approval. Valid for the first 200 applicants. Valid till 31 Jan 2021
Family and Friends
New to bank
Receive S$100 cash credit when you apply and make a min. spend of S$250 for two consecutive months. Valid till 31 Mar 2021.
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