UOB ONE Account

[chiokcc]

Repeating the info for convenience and reference sake .....

From 1st May 2024, computed bonus interest for the first $150k principal amount (average daily balance) :

28 days in the month = $454.52 (not yet verified)
29 days in the month = $470.75 (not yet verified)
30 days in the month = $486.98 (verified with June, September 2024 statements)
31 days in the month = $503.21 (verified with May, July, August, October 2024 statements)

Disclaimer : actual amounts may differ by a few cents due to rounding off, pls refer to bank for eventual amounts .....

Bonus interest has come in this morning ......

 

[CaptainWu]

Can I ask for those Cashback earned from spending at Shopee, Grab, SimpleGo...etc. Are they only credit on a quarterly basis?

 

[piyozz]

Can I ask for those Cashback earned from spending at Shopee, Grab, SimpleGo...etc. Are they only credit on a quarterly basis?

Yes. On the start of new quarter.

 

[maumu]

Yes. On the start of new quarter.

yup, but the extra 5% for selected merchants... will only see one month later (i.e. start of 2nd month of next quarter).

sometimes it's quite confusing to keep track lol

 

[sglandscape]

yup, but the extra 5% for selected merchants... will only see one month later (i.e. start of 2nd month of next quarter).

sometimes it's quite confusing to keep track lol

lol glad have someone who echos that it is very confusing to keep track, and no tracker for it for the longest time

 

[CaptainWu]

Yes. On the start of new quarter.

The cashback can be deducted automatically by Credit Card Payment or have to go to respective store to redeem? Like using UOB One at Toastbox/BreadTalk need to ask for redemption?

 

[qwerty8988]

Received cashback for UOB Scan to Pay NDP promo yesterday but the amount seems incorrect. Anyone encountered the same issue?

Same here! I used 8 times but received $6 only

 

[shengliang1981]

Same here! I used 8 times but received $6 only

Yup, I am about the same situatiion as you. Tnc states that cashback will be credited from 4 Nov onwards. Hopefully they are still doing the crediting in batches.

 

[chiokcc]

Was forced to update Singtel App today .... and when trying to pay my bill, kena re-direct to AXS for payment .... tested with $1 payment using UOB one card ...... the transaction is reflected as "AXS" .....

Think cannot use UOB one card to pay bills with Singtel App already to clock $500 min spend ....

 

[sglandscape]

Was forced to update Singtel App today .... and when trying to pay my bill, kena re-direct to AXS for payment .... tested with $1 payment using UOB one card ...... the transaction is reflected as "AXS" .....

Think cannot use UOB one card to pay bills with Singtel App already to clock $500 min spend ....

There's goes another nerf, I'm surprised they would use AXS for standard cc payment though

 

[juelim]

Was forced to update Singtel App today .... and when trying to pay my bill, kena re-direct to AXS for payment .... tested with $1 payment using UOB one card ...... the transaction is reflected as "AXS" .....

Think cannot use UOB one card to pay bills with Singtel App already to clock $500 min spend ....

pay through the Singtel website....while it lasts?

 

[MiloMocha]

The cashback can be deducted automatically by Credit Card Payment or have to go to respective store to redeem? Like using UOB One at Toastbox/BreadTalk need to ask for redemption?

Yes, the cashback will be deducted from the statement balance automatically.

 

[jasperchc]

Hi Guys, i am current using OCBC 360, typically i get bonus interest of around $390 per month from average daily balance increase of $500, salary credit and credit card spend base on $100k. But i am quite frastrated with OCBC because it is very difficult to track the criterias and some months i will failed to get the save and spend interest because sometimes the transactions in the last few days of the month does not count or get posted.

So am thinking to switch to UOB one and would like to check if you guys face similar problem with UOB one? and I am also concern with UOB one $500 credit card spend, if i dont hit this $500 spend how much would the bonus interest be for that month? As some months its really hard for me to hit this target if there is no big spend.

Would sticking to ocbc 360 with $200k be better or would it be better for me to switch to UOB one with $150k in the account?

 

[Sambuca78]

Hi Guys, i am current using OCBC 360, typically i get bonus interest of around $390 per month from average daily balance increase of $500, salary credit and credit card spend base on $100k. But i am quite frastrated with OCBC because it is very difficult to track the criterias and some months i will failed to get the save and spend interest because sometimes the transactions in the last few days of the month does not count or get posted.

So am thinking to switch to UOB one and would like to check if you guys face similar problem with UOB one? and I am also concern with UOB one $500 credit card spend, if i dont hit this $500 spend how much would the bonus interest be for that month? As some months its really hard for me to hit this target if there is no big spend.

Would sticking to ocbc 360 with $200k be better or would it be better for me to switch to UOB one with $150k in the account?

UOB app got tracker so it is easier to keep track la.

 

[ChrisL82]

Hi Guys, i am current using OCBC 360, typically i get bonus interest of around $390 per month from average daily balance increase of $500, salary credit and credit card spend base on $100k. But i am quite frastrated with OCBC because it is very difficult to track the criterias and some months i will failed to get the save and spend interest because sometimes the transactions in the last few days of the month does not count or get posted.

So am thinking to switch to UOB one and would like to check if you guys face similar problem with UOB one? and I am also concern with UOB one $500 credit card spend, if i dont hit this $500 spend how much would the bonus interest be for that month? As some months its really hard for me to hit this target if there is no big spend.

Would sticking to ocbc 360 with $200k be better or would it be better for me to switch to UOB one with $150k in the account?

UOB TMRW apps can track the cc expenditure, always fulfill the 500 card spend a few days before the last business day of the month in order for all transactions to be posted for the month.

 

[sglandscape]

Hi Guys, i am current using OCBC 360, typically i get bonus interest of around $390 per month from average daily balance increase of $500, salary credit and credit card spend base on $100k. But i am quite frastrated with OCBC because it is very difficult to track the criterias and some months i will failed to get the save and spend interest because sometimes the transactions in the last few days of the month does not count or get posted.

So am thinking to switch to UOB one and would like to check if you guys face similar problem with UOB one? and I am also concern with UOB one $500 credit card spend, if i dont hit this $500 spend how much would the bonus interest be for that month? As some months its really hard for me to hit this target if there is no big spend.

Would sticking to ocbc 360 with $200k be better or would it be better for me to switch to UOB one with $150k in the account?

UOB is a lot easier in the sense of

(1) fewer things that will trap you, there isn't a need to ensure an increase in average balance every month like for the OCBC 360,

(2) UOB app has a tracker that you can check to confirm you meet the 2 conditions of salary credit + spend min of 500 in the month,

(3) you could meet the 500 min spend with payment to insurance and utilities (though it won't earn any rewards for the card)

 

[rob1977]

UOB is a lot easier in the sense of

(1) fewer things that will trap you, there isn't a need to ensure an increase in average balance every month like for the OCBC 360,

(2) UOB app has a tracker that you can check to confirm you meet the 2 conditions of salary credit + spend min of 500 in the month,

(3) you could meet the 500 min spend with payment to insurance and utilities (though it won't earn any rewards for the card)

4. Can transfer $ from other bank for salary credit

 

[gobin74]

4. Can transfer $ from other bank for salary credit

Hi for healthcare we can get the $500 spend using the app..can anyone done the Singtel spending using uob debit cards pl

Any assistance. Is greatly. Appreciated

 

[marshmallow96]

Hi Guys, i am current using OCBC 360, typically i get bonus interest of around $390 per month from average daily balance increase of $500, salary credit and credit card spend base on $100k. But i am quite frastrated with OCBC because it is very difficult to track the criterias and some months i will failed to get the save and spend interest because sometimes the transactions in the last few days of the month does not count or get posted.

So am thinking to switch to UOB one and would like to check if you guys face similar problem with UOB one? and I am also concern with UOB one $500 credit card spend, if i dont hit this $500 spend how much would the bonus interest be for that month? As some months its really hard for me to hit this target if there is no big spend.

Would sticking to ocbc 360 with $200k be better or would it be better for me to switch to UOB one with $150k in the account?

Hi, I have both OCBC 360 and UOB One Account. If your concern is that you can't hit the $500 card spend, then UOB One Account is worse cos if you don't clock $500 card spend, the bonus interest for the month will be ZERO, whereas for OCBC 360, you only lose 0.6%.

Also, OCBC 360 is most optimized at $100k saving, not $200k as the Grow interest is only for the first 100k. It's better to just leave $100k in 360, and find somewhere else with higher than 2.4% interest to park the other $100k.

App wise, UOB is much easier to track the spending and the ADB. I use my own Excel spreadsheet for 360

 

[audiovideo]

Uob one account issue debit or credit card?

I already have an iaccount and a blue color One debit card. But I want to close the iacct, so just opened the uob one acct. The online apps showed the silver color uob one card. I was expecting a debit cum ATM card.