UOB one credit card best cashback credit card in 2020

Trying to make this quick and not waste your time
So here goes,
UOB one credit card NOW!

Calebby here,

Finally another credit card video!
why another one?
few reasons,
1) I haven't reviewed this UOB one card before, although there were comments asking about it, I even had 2 friends asking about it separately before. So this is just a late answer/response.
2) we are getting close to be monetized, this channel that is, not me, i mean once we leave the study world we ourselves are monetized already, making money for our own sustenance and building wealth, planning for enjoyment and retirement. Anw, we are very close to monetization on this channel, and most of the credit card videos seemed to be doing best on our channel,
3) recently from what i see happening to my friends and colleagues, more people are using the services of Grab, be it Grab food, Grab ride, Grab pay, Grab mart.. with those also Grab customer service and Grab complains. But that's not the point, the point is more Grab usage, so what better card than one which focus a lot of rewards for Grab users and Grab usage? We'll share more later in this video.
So here we are, UOB one Credit Card
First we will go through it's benefits then it's basic requirements, to get those benefits and also requirements to signup for this card.

Benefits! (1) SIGN UP BONUS!
Now this video is not Sponsored by UOB. all these benefits only apply to you, i don't receive any kickbacks from them if you choose to sign up.
The current signup bonus is up to $280 worth in cash credit and shopee voucher. For new customers to UOB. $150 of that would be cash credit for being a new UOB credit card member(limited to 200 customers per month), $50 in shopee voucher for being new UOB one credit card member(limited to 250 customers per month). Both of this would require min spending of $1500 within the first 30 days, which shouldn't be too hard to do for an average Singaporean. Okay maybe a little tough to hit if you are a cheapskate like me or what I like to call financial minimalist. Back to signup bonus So on top of the $150 and $50, there's also an additional $80(Limited to 200 applicants per month) if you open a new UOB deposit account and deposit at least $5000 in to it by the end of the year, 31st December and also keep it in the account until 30th of Jan - basically keeping $5000 with them for a month.

What if you already have an existing UOB deposit account? Then you would only get $40 cash credit for adding an additional $5000 in fresh funds into all your UOB accounts by the end of the year and maintaining it till 30th Jan.

Now for the juicy good part all about the real benefits!
Z REALS BENEFITS!
UP to 10% cashback!
not on all spend of cos, if there's a card offering 10% on all spend, be sure I'll be the first to jump ship. Anyhow, the UOB one credit card offers up to 10% cashback for spending at these places including online platforms, Shopee, Grab, 7-11, Cold Storage, Giant, Guardian, Marketplace, Jasons.
They also offer up to 6% cashback or rebates on utilities from SP, Singapore Power.

lastly up to 5% rebate on all spend, now this all spend part is a little complicated. So I had taken did the hard work of simplifying it down.
It takes into account quarterly spend, so for 3 months periods, if you spend $500 you'll get cash rebate of $50, if you spend $1000, you'll get cash rebate of $100, if you spend $2000, you'll get cash rebate of $300.
Understand? or shall i ask, Understood-ed?

Now the last portion on this card's requirement,
whither you can sign up for it or not, whither you are worth.
Minimal age, of cos, the magical 21 years old. Cos we all know before 21 years old, as long as it's before your birthday you're still a kiddo, but on your birthday at 12midnight, suddenly you become an enlightened adult.
You also need an annual income exceeding $30,000. which is pretty basic for most credit card too. It's $2500 in case you don't have a calculator and your calculator app on your phone and computer doesn't work. This too we all know, if you earn $2499, you are a poor person, cant be entrusted with a credit card. However if you get a $1 pay increment, suddenly all the maturity and responsibility of handling a card would be imbued into you very being. You know that too right?

Ohh almost missed out, requirement would be minimal spending of 500, 1000 or 2000 per month which would affect how much cash rebate you enjoy.

And lastly, annual fees,
Of cos, only CIMB offers no annual fees forever, UOB one credit card would charge $192.60 yearly with the first year waived. I've however heard if you keep using it, you would be able to request for further annual fee waivers.

Okay, we've come to the end of this UOB one credit card video.
Now do bear in mind this card works better if you have the UOB one bank account. It works similarly to the OCBC 360 card and OCBC 360 savings account.