UOB One Credit Card Review: Cashback, Shopee Rewards & Fees Explained

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The UOB One credit card is one of the most popular cashback cards in Singapore. It offers up to 10% cashback on selected daily spending categories, but the rewards structure is more detailed than it first appears.

If you’re thinking about applying, it’s important to understand how the cashback system works, what conditions you need to meet, and whether the card matches your spending habits.

This guide breaks it down clearly, covering cashback mechanics, eligible spending, fees, promotions, and whether the card is worth considering. We'll also introduce the Wise card, a handy travel companion to make seamless card payments when you're overseas.

What Is the UOB One Credit Card in Singapore?

The UOB One credit card is a cashback card for people who can spend consistently each month and meet a minimum number of purchases. Instead of earning miles or points, cardholders earn quarterly cashback and additional cashback on selected spending categories.

At a high level, the card is built around:

• Fixed monthly spending tiers
• A minimum of 10 purchases per month
• Quarterly cashback payouts
• Additional cashback on selected partners, groceries and Singapore Power bills¹

The key thing to know is that rewards are tied to specific conditions. If you don’t meet them, you may not receive the cashback advertised.

How Does UOB One Card Cashback Work?

This is the part most people need to look at carefully. The card has a base quarterly cashback component, plus additional cashback on selected categories.

UOB One Monthly Minimum Spend Tiers Explained

To qualify for quarterly cashback, you need to spend at least one of these amounts every month during your qualifying quarter, with a minimum of 10 purchases per month¹:

• S$600 per month
• S$1,000 per month
• S$2,000 per month

You’ll need to maintain the same qualifying tier over three consecutive months.

UOB One Quarterly Cashback System Explained

The UOB One card credits cashback on a quarterly basis, not monthly.

If you meet the minimum monthly spend and minimum transaction count for three consecutive months, you can receive the following quarterly cashback¹:

If you miss the minimum spend or the minimum 10 purchases in one statement period, you may not qualify for the quarterly cashback.

UOB One Additional Cashback Categories

On top of the quarterly cashback, UOB offers additional cashback in selected categories¹:

This brings the total cashback to:

• Up to 8.33% on the S$600 tier
• Up to 8.33% on the S$1,000 tier
• Up to 10% on the S$2,000 tier¹

UOB One Cashback on Grocery, Shopee, Grab and SimplyGo

Based on the official page, UOB highlights these maximum cashback rates on selected everyday categories¹:

• Up to 8% cashback on grocery spend locally and overseas
• Up to 10% cashback at McDonald’s, GrabFood and Grab Dine Out Deals
• Up to 10% cashback at Grab and SimplyGo
• Up to 10% cashback at Shopee Singapore
• Up to 4.33% cashback at Singapore Power

This means the UOB One card is no longer just about Shopee cashback. It’s positioned more broadly around daily spending.

UOB One Shopee Cashback and Promotions

Shopee Singapore is one of the selected partners under the UOB One cashback structure. That means eligible spending at Shopee Singapore can qualify for additional cashback, subject to the spending tier you meet¹.

The card may also come with short-term promotions. Promotions can change, so it’s worth checking the latest UOB promotions page or the card page before relying on a specific perk.

UOB One Credit Card Fees and Eligibility in Singapore

Before applying, it’s worth checking both the eligibility rules and the fees.

UOB One Card Eligibility

According to the official page, eligibility is currently as follows¹:

• Minimum age: 21 years old
• Singaporeans and PRs: minimum annual income of S$30,000 if aged 55 and below
• Singaporeans and PRs aged 56 and above: minimum annual income of S$15,000
• Foreigners: minimum annual income of S$40,000
• A secured card route may also be available with a fixed deposit collateral of at least S$10,000

UOB One Card Annual Fee

With effect from 1 January 2024, the official fees listed are¹:

• Principal card: S$196.20
• First-year fee waiver applies
• 1st supplementary card: free
• 2nd supplementary card onwards: S$98.10

How to Waive UOB One Card Annual Fee

The official card page confirms a first-year fee waiver, but it does not set out a public step-by-step annual fee waiver process for later years on the main page. In practice, cardholders usually need to check with UOB directly through customer service or digital banking channels.

If this is important to your decision, it’s best to verify the latest waiver policy with UOB before applying.

UOB One Foreign Transaction Fees and Overseas Use

If you use the UOB One card for non-SGD transactions, UOB charges an administrative fee of 3.25% on the converted amount².

Within that fee, part of the charge is retained by the card network²:

• Visa: 1%
• Mastercard: 1%
• American Express: 1.25%
• UnionPay: 0.8%

There is also a separate international processing fee of 1% for certain transactions processed outside the country of the transaction currency². This applies to:

• SGD transactions processed outside Singapore
• USD transactions processed outside the US
• HKD transactions processed outside Hong Kong

So if you use your UOB One card overseas or with overseas merchants, the total cost may include both currency conversion charges and international processing fees, depending on how the transaction is processed.

UOB One Credit Card Pros and Cons

The UOB One card can be rewarding, but only if your spending pattern fits the card structure.

Is the UOB One Credit Card Worth It in Singapore?

The UOB One credit card can be worth it if your spending is predictable and fits the qualifying rules.

It may suit you if you:

• regularly spend at least S$600, S$1,000 or S$2,000 a month
• can make at least 10 purchases every month
• spend meaningfully on categories like groceries, Grab, SimplyGo, McDonald’s, Shopee Singapore or Singapore Power

It may be less suitable if your monthly spending fluctuates a lot or if you prefer a simpler cashback card with fewer conditions.

UOB One Card vs Wise Card

If you’re comparing a cashback credit card with a travel-friendly debit card, the main difference is what each one is built for.

UOB One vs Wise: Which Is Better?

The UOB One card is strongest when your spending fits its rules. If you can consistently meet the monthly tier and transaction count, it can deliver meaningful cashback.

The Wise Card works differently. It doesn’t focus on cashback. Instead, it’s designed to help users spend in 150+ foreign currencies with low, transparent conversion pricing.

In general:

• choose UOB One if your priority is cashback on qualifying daily spend
• choose Wise if your priority is overseas spending and exchange rate transparency

Using the UOB One Card Overseas: Fees and Alternatives

If you plan to use your card overseas, cashback is only one part of the picture. You’ll also want to look at:

• Foreign currency transaction fees
• international processing fees
• exchange rate markups
• whether your spending falls into bonus cashback categories

With the Wise Card, the focus is different. You get:

• the mid-market exchange rate
• transparent conversion fees
• the ability to hold and spend multiple currencies

That can make it a practical option for travel or international payments, especially if cashback isn’t your main priority.

Get the Wise card for international spending and cash withdrawals

The Wise card lets you spend in 40+ currencies at the mid-market rate including MYR, JPY, CNY, and USD so you know you'll be getting a great deal in over 150+ countries. Simply create a free Wise account, order a card and top-up SGD to get started.

Virtual cards are free and can be added to your Google or Apple Pay wallet, while a physical Wise card can be ordered for a low fee of 8.50 SGD. Having a physical Wise card allows you to make chip and pin payments, as well as 2 free ATM withdrawals to the value of 350 SGD each month, before low fees start.

While abroad, you can choose to spend with directly in SGD and let auto-conversion do the trick, or convert to your desired currency with your Wise account. Either way, you’ll get the exchange rate you see on Google, with low, transparent fees from 0.26%.

Plus, you can activate Wise Interest to earn returns* on your SGD and other currencies, meaning your travel money could be growing right up until you spend it.

*Growth is not guaranteed. Capital at risk.

💳 Get your Wise card

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FAQs

How does UOB One card rebate work?

You need to meet a minimum monthly spending tier and make at least 10 purchases per month for three consecutive months. Cashback is then credited on a quarterly basis¹.

What is the minimum spend for UOB One card?

The current tiers are:

• S$600 per month
• S$1,000 per month
• S$2,000 per month¹

How many transactions do you need for UOB One cashback?

You need a minimum of 10 purchases per month during the qualifying quarter¹.

How much is the UOB One foreign transaction fee?

UOB charges an administrative fee of 3.25% on non-SGD transactions². Some transactions may also be subject to a separate 1% international processing fee².

Is UOB One card good for groceries and online shopping?

It can be, especially if you qualify for the S$1,000 or S$2,000 tiers. The official page highlights up to 8% cashback on grocery spend and up to 10% cashback at selected partners like Shopee Singapore¹.

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Sources:

1. UOB One Credit Card official page
2. UOB Credit Card fees and charges
3. UOB promotions page