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UOB EVOL Card is a bio-sourced card that offers 8% cashback on online and mobile spend, no annual fee, and access to UOB TMRW app for personalised rewards. Apply now and get up to S$560 cash credit, enjoy eco-conscious initiatives and more benefits.
Apply for the UOB EVOL Card and enjoy 8% cashback on online and mobile contactless spend, no annual fees, and access to UOB TMRW app. UOB TMRW helps you track your spending, get personalised deals, manage your cards, and more.
- Who’s Eligible For The UOB Evol Card?
- Fees and Credit Limit
- Card Rebates and Benefits
- Caveats of The UOB Evol Card
- Who This Card Is Best For
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This card requires the MAS-mandated minimum of $30,000 annual income, but also accepts collateral if you don’t meet the minimum (subject to terms and conditions of course). If you don’t meet this requirement but still want the perks associated with credit cards, consider alternatives like the CIMB AWSM cardinstead.
These fees are comparable to other cards on the market. The main things to note are that: 1. You need to make at least three transactions per month for 12 consecutive months to get the annual fee waiver.This should be easy enough though. 2. You only get the 8% cashback if you spend at least $600.It’s a paltry 0.3% cashback rate if you don’t.
Cashback Requirements And Cap
Assuming you already hit the S$600 spending requirement for maximum cashback, you should also note the cashback caps for each category: With these, your actual cashback per month is likely to be slightly above S$40 rather than the S$60 hard cap. Unless, of course, you decide to make a big purchase that month. Even with the cashback caps, this is still a decent rate if you’re already spending that amount online or through contactless payments. Put it this way: If you spend the minimum of $600...
1. Cashback Spending Requirement and Caps
If you want rebates but you’re not the type to scrutinise your credit card spending, this card can feel a bit tedious. You have to make sure you’re hitting the $600 minimum AND putting at least $250 into contactless and online spending each. That said, you can automate certain things to save the mindspace, like: 1. Using this as your main card for App store purchases, food delivery orders, and online shopping 2. Using this as your transport card for MRT/bus rides
2. Several Essential Categories Not Eligible For Cashback
There are various transactions excluded from cashback (find out more here), such as: 1. Bill payments 2. Transactions made at Shell and SPC petrol stations 3. Transactions involving insurance and education related institutions If your main aim is the cashback, you’ll want to check if any of the places you usually patronise fall under the excluded categories.
3. Limitations of the Cashback System
The cashback you earn in a month becomes credit in your account the following month. You can onlyuse it to offset your bill the next month — i.e. no withdrawing or redeeming it for rewards. (Then again, this might not be an issue for those who’d rather keep things fuss-free and just have a lower credit card bill overall.)
Digitally-savvy shoppers who spend at least S$600 a month with online or contactless paymentsYoung working adults looking for cashback on their daily commutesWorking professionals looking for a fuss-free way to earn cashback on their spendingThose who already have (or are willing to open) a UOB One savings accountThe UOB EVOL card is a cashback card for online and contactless spending, with 8% cashback rate and automatic fee waiver. Learn about its eligibility, fees, cashback caps, eco-friendly offers and current promotion.
The UOB EVOL Card offers up to 8% cashback on online and mobile contactless spend, no annual fees, and access to UOB Rewards+. It also has a green feature that lets you offset or convert your electricity carbon footprint into My Green Credits.
- UOB
Jan 1, 2024 · UOB EVOL is a credit card that rewards online and mobile contactless transactions with 8% cashback, and supports eco-friendly habits with discounts and coverage. Learn about its eligibility, fees, benefits, and how to apply with SingSaver.
The UOB EVOL Card is a credit card for millennials who shop online and use mobile wallets. It offers 8% cashback on online and contactless transactions, and waives the annual fee with 3 transactions a month.
UOB EVOL Card is a cashback card for online and mobile spend, with 8% rebate on S$250 per category and S$60 cap per month. It is also Southeast Asia's first bio-sourced card with sustainable deals and annual fee waiver.
