Are you looking for a great credit card offer? Nowadays, cards are increasingly popular, and they are great payment methods, whether we examine them from a security or a convenience point of view.
If you are looking for a great reward, UOB certainly has very competitive offers. Apart from numerous options in terms of credit cards, they also offer up to S$230 sign-up bonus when you apply for a UOB ONE Card.
Let’s have a look at UOB credit card benefits, how to apply, and how you can get the bonus!
Benefits of UOB Credit Cards
UOB does not only offer a credit card for any need you may have, but they also provide up to S$230 for free. For choosing UOB ONE Card, you benefit from S$150 cash credit and S$80 cash credit.
Furthermore, UOB One Card is a major help for savings and comes with plenty of other benefits, such as the following.
- 6% rebate on Singapore Power utilities bill
- 5% rebate on all spending
- Petrol savings of up to 24%
- Up to 10% rebate on Grab and UOB Travel
- Up to 3.88% per annum bonus interest if you have a UOB One Account
You receive a 1% rebate on your utility bill when you qualify for the quarterly cash rebate. In order to be eligible for the cash rebate, which can be $50, S$100, or S$300 per quarter, you need to spend a minimum of S$500, S$1,000, or S$2,000 per month in a minimum of five purchases. If you maintain this spending level for three months (a quarter), you automatically qualify for the cash rebate, according to which level you reached.
More specifically, if you spend the minimum S$500 in at least purchases before your statement date, you can earn up to S$67 for free at the end of the quarter.
If you are looking for a great way of keeping your savings, UOB One Account can be of great help. After your first S$15,000, you will automatically receive a 1.5% interest per annum, as long as you spend a minimum of S$500 from your UOB One Card. The interest can reach up to 3.88% per annum. This is provided that you have a minimum spending of S$500 for your card, and you credit your salary or, alternatively, perform 3 GIRO transactions.
Fees and Rates
The annual interest rates are calculated at 26.9% with an annual principal fee of S$192.60, but you benefit from a first-year card fee waiver. However, this drops down to S$96.30 for subsequent cards. What is more, if you spend a minimum of S$12,000, you benefit from an automatic waiver of the annual fee.
The minimum monthly repayment is 1% or S$50, depending on which one is higher in your situation. You also have 25 days of the interest-free period.
How to Apply
To apply, you need to make sure you are eligible. It is required to have a minimum Singaporean income of S$30,000. And you need to be either a Singapore citizen or a permanent resident. If your income is lower than that, you need a minimum fixed deposit collateral of S$10,000. Also, keep in mind that only individuals that are minimum 21 years old can apply for UOB credit card.
If you complete your application here, it can be approved instantly if it is completed between 7 am and 8 pm. For applications outside of these hours, you will receive the result the next working day.
To have access to the S$150 cash credit, you need to be one of the first 800 new card members with a successful online application from 1 March to 20 June 2020. Furthermore, you also need to keep a minimum of S$1,500 in the first month after your application was approved.
You can benefit from the extra S$80 cash credit if you are one of the first 300 new card members in a calendar month, and you deposit a minimum of S$5,000 in your new account before 30 April 2020. You also need to keep these fresh funds for the entire Deposit Holding Period.
Contact Information
For more information about credit cards, you can call the UOB hotline at 1800 222 2121. Additionally, you can also locate the closest branch office by clicking here. Below is the mailing address.
Robinson Road, P.O Box 1688, Singapore 903338
Note: There are risks involved when applying for and using credit cards. Consult the bank’s terms and conditions page for more information.
