UOB one card

[IcYFl4mEz]

Still haven shown for those who statement Apr-Jun/MAy-Jul , prorate or ?

 

[AndrewMacdonald]

Is it!
there is a $300 cap?
maybe migrating to Citibank Smrt

https://www.uob.com.sg/assets/pdfs/one_card_full_tnc.pdf
cant seems to find the mention of $300 cap per quarter

Additional cashback will be capped at S$100 per month. so theoretically max 200 + 300 per quarter
You can find it in tnc of this page.
https://www.uob.com.sg/onecards/uob-one-credit-card.html

 

[thretiredDad]

Additional cashback will be capped at S$100 per month. so theoretically max 200 + 300 per quarter
You can find it in tnc of this page.
https://www.uob.com.sg/onecards/uob-one-credit-card.html

Means $1,500 spending on shoppee or Cold Storage each month?

 

[Trazora]

Means $1,500 spending on shoppee or Cold Storage each month?

Yes for max additional bonus rebate it is capped at $1500 for the selected merchants, provided met the $2000 spending requirement

 

[highsulphur]

Seems like only effective July 1, 2022 for $2K spend category.

“Your UOB One Credit Card cashback for minimum S$2,000 spend will also be revised to up to 3.33% (S$200 quarterly cashback) with effect from the statement month of July 2022 (i.e. your spending in June). To find out more about your new benefits and changes….”

Where did you see this

 

[thretiredDad]

Yes for max additional bonus rebate it is capped at $1500 for the selected merchants, provided met the $2000 spending requirement

If I did not meet the $2000
like say $500
it will be 5% For shopee but cap at $100 too?

 

[maumu]

If I did not meet the $2000
like say $500
it will be 5% For shopee but cap at $100 too?

in the first place if you only spend $500, your max cashback is only (3.33% + 5%) x $500 which is definitely less than $100... even if your $500 is completely shopee or cold storage.

same for $1000.

 

[maumu]

This new change seems to push us to spend more on their partners (shopee, dairy farm, grab) and less on cardup/ipaymy.

assuming cardup/ipaymy fee is 1.85%... the cashback is effectively just 1.48%, which is $14.80 for every $1,000 transacted using cardup/ipaymy.

so.. it's kinda lower but not completely useless... especially if we're already going to pay our income tax.. insurance.. etc. anyway, which would earn zero cashback if not for cardup/ipaymy.

in short, just have to bite the bullet and accept the lower cashback each quarter from now on...

 

[Parka]

The card is now mostly good for Shopee and Grab. It's up to 10% off if you meet the minimum spend.

For buying electronics off Shopee, e.g. phones, tablets and computers, it's a pretty good deal especially when compared to Lazada.

 

[thretiredDad]

in the first place if you only spend $500, your max cashback is only (3.33% + 5%) x $500 which is definitely less than $100... even if your $500 is completely shopee or cold storage.

same for $1000.

month 1 : $500 + $100 shopee
month 2: $500 + $2,600 shopee
month 3: $500 + $5 shopee

so how much will be my rebate?
$16.50 + $5
$16.50 + $130
$16.50 + $0.25

 

[thretiredDad]

This new change seems to push us to spend more on their partners (shopee, dairy farm, grab) and less on cardup/ipaymy.

assuming cardup/ipaymy fee is 1.85%... the cashback is effectively just 1.48%, which is $14.80 for every $1,000 transacted using cardup/ipaymy.

so.. it's kinda lower but not completely useless... especially if we're already going to pay our income tax.. insurance.. etc. anyway, which would earn zero cashback if not for cardup/ipaymy.

in short, just have to bite the bullet and accept the lower cashback each quarter from now on...

Why not Smrt Citibank?
5% on online retail with no cap?

 

[maumu]

month 1 : $500 + $100 shopee
month 2: $500 + $2,600 shopee
month 3: $500 + $5 shopee

so how much will be my rebate?
$16.50 + $5
$16.50 + $130
$16.50 + $0.25

Based on my understanding:
- your $500 each month will earn you $50 at the end of 3 months
- $100 shopee --> 5% x $100 = $5 for month 1
- $2600 shopee --> 5% x $2600 = $100 for month 2 ($130 but capped at $100)
- $5 shopee --> 5% x $5 = $0.25 for month 3

so total cashback will be $50 + $5 + $100 + $0.25 = $155.25

my understanding is that the entire quarter determines your % cashback (whether is 5% - for $500/$1000 spend or 6.67% if you hit $2000 for all 3 months) - the same as how it used to work, by considering all 3 months to see which tier you belong to.

 

[Trazora]

Why not Smrt Citibank?
5% on online retail with no cap?

citi smrt need min $500 spend. Different exclusion list, ipaymy/cardup excluded.

 

[thretiredDad]

Based on my understanding:
- your $500 each month will earn you $50 at the end of 3 months
- $100 shopee --> 5% x $100 = $5 for month 1
- $2600 shopee --> 5% x $2600 = $100 for month 2 ($130 but capped at $100)
- $5 shopee --> 5% x $5 = $0.25 for month 3

so total cashback will be $50 + $5 + $100 + $0.25 = $155.25

my understanding is that the entire quarter determines your % cashback (whether is 5% - for $500/$1000 spend or 6.67% if you hit $2000 for all 3 months) - the same as how it used to work, by considering all 3 months to see which tier you belong to.

For my case
I used my tax to fulfil the min spending
I concentrate most of my groceries spending at Cold Storage and giant
and also on shopee
I should have no issue fulfilling the $500
for Smrt Citibank
but i do not want to be obligated to spend $500 each month

 

[thretiredDad]

citi smrt need min $500 spend. Different exclusion list, ipaymy/cardup excluded.

Yes, that is why
with such a drop
wonder should I move to Citibank smrt

 

[maumu]

Yes, that is why
with such a drop
wonder should I move to Citibank smrt

just do it? especially since the min. spend is the same for citibank and uob.

does citibank recognise cardup/ipaymy as eligible spend? and.. is it considered online spending (for the 5%)? i'm not sure since I'm not their card user anymore. might be good to ask around... or start a new thread on citibank smrt.

 

[thretiredDad]

just do it? especially since the min. spend is the same for citibank and uob.

does citibank recognise cardup/ipaymy as eligible spend? and.. is it considered online spending (for the 5%)? i'm not sure since I'm not their card user anymore. might be good to ask around... or start a new thread on citibank smrt.

Ipaymy does not count the $500
so the $500 must really be spending from groceries, online purchase, transport
and no dining

 

[pohw0008]

Ipaymy does not count the $500
so the $500 must really be spending from groceries, online purchase, transport
and no dining

Think retail spending should be included in $500 but no cashback for dining.

 

[silverbomb]

just do it? especially since the min. spend is the same for citibank and uob.

does citibank recognise cardup/ipaymy as eligible spend? and.. is it considered online spending (for the 5%)? i'm not sure since I'm not their card user anymore. might be good to ask around... or start a new thread on citibank smrt.

Not counted. Alr have a SMRT thread discussed many times.

 

[silverbomb]

For those targetting the selected merchant 6.67% at tier 3 spending, the optimal amount to spend will be $1499.25 as it caps at $100 per month. The remain $500+/- can just use other payments to form $2000 spend.

Everybody scenario will be different based on their spending pattern so do what you may to figure your spending.

FAQ link on the affect of the quarter should likely be fixed and uploaded when the UOB staffs comes back from the long weekend. I'll be looking out as I'm on May to July cycle. Hopefully they honour the entire period, otherwise will be pro-rated perhaps. Just wait and see.