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Uob Unionpay Review

UOB UnionPay Platinum Card Review

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Best for Earning Cash Rebates With No Minimum Spend

UOB UnionPay Platinum Card Review

2% cashback on all spend

Cashback

Get up to S$200 cashback when applied online

Sign-up Gift

S$0

Minimum spend

The UOB UnionPay Platinum Card allows cardholders to earn up to 2% cash rebates on all spending with no minimum spend. Plus, UnionPay cardholders will also enjoy up to 21.6% fuel savings with its high rebate for SPC petrol. Lastly, to qualify for the sign-up gift, you’ll need to meet the minimum spend of S$1,500 within 30 days from the card approval date.

POSB Everyday Credit Card Rewards

  • Get up to S$150 cashback (for the first 100 successful UOB personal credit card applications) when you spend at least S$1,500 within 30 days from the card approval date.
  • Enjoy 2% cash rebates on all local and overseas spend with no minimum spend requirement.
  • Cardmembers will enjoy 24-hour concierge service to help with their daily affairs or special needs, including travel, entertainment, shopping, and more.
  • Enjoy up to 21.6% off your petrol purchases at SPC.
  • Up to 10% off at over 100 International Airport Duty Free Shops, including Hong Kong, Japan, Korea, Thailand, and more.
  • UOB UnionPay Card exclusive offers worldwide – accepted close to 54 million merchants and 3 million ATMs worldwide.
  • Receive a S$10 return voucher with a minimum spend of S$30 at Haidilao Hot Pot. Promotion valid till 31 December 2021.
  • Get a S$15 PayPal voucher when you spend a minimum of S$150 with your UOB UnionPay Card on PayPal. Valid till 17 August 2022. This promotion is limited to 1 redemption per calendar month and limited to a maximum of 6 redemptions per card member.
  • Enjoy up to 21.6% off your petrol purchases at SPC with your UOB UnionPay Card and SPC&U Card.
  •  Up to 10% off at over 100 International Airport Duty Free Shops

Pros

  • 2% cashback on all spend with no minimum spend requirement
  • Save on fuel – up to 21.6% off your SPC petrol
  • UnionPay QuickPass for contactless payment at major merchants island-wide.
  • 24-hour concierge service for cardmembers
  • Enjoy UOB UnionPay Card exclusive dining, shopping, and entertainment services in major cities around the world.
  • Annual fee of S$192.60 is waived for the first three years and free for the first supplementary card.

Cons

  • To avail of the S$150 cashback sign-up gift, you’ll need to spend at least S$1,500 within a month from the card approval date.
  • Cashback is capped at S$50 per calendar month, for each principal card account
  • UOB Union Pay card is still not widely accepted in Singapore

How to Apply

Minimum Age: At least 21 years old and above

Minimum Annual Income:

  • Singapore Citizen/PR: S$30,000 or Fixed Deposit collateral of minimum S$10,000
  • Foreigners: S$80,000 or Fixed Deposit collateral of minimum S$10,000

Singapore Citizen/Permanent Resident

  • NRIC (front and back)
  • Income Documents (Refer to List of Income Documents below)
  • Latest billing proof (within the last 6 months) with your local residential address (e.g. phone bill or utility bill) if it differs from your NRIC address

For salaried employees, bring any of the following Income Documents:

  • Latest 12 months’ CPF Contribution History Statement via Singpass login or
  • Latest Computerised Payslip
  • Latest 3 months’ Computerised Payslip
  • Latest Income Tax Notice of Assessment + Latest 12 months’ CPF Contribution History Statement or
  • Latest Income Tax Notice of Assessment + Latest Computerised Payslip (in Singapore Dollar currency)

For self-employed:

  • NRIC (front and back) and
  • Latest billing proof (within the last 6 months) as per your local home address (e.g. phone or utility bills, etc ) if it differs from the address in NRIC and
  • Latest Income Tax Notice of Assessment

For commission-based employees

  • NRIC (front and back) and
  • Latest billing proof (within the last 6 months) as per your local home address (e.g. telephone or utility bills, etc ) if it differs from the address in NRIC and
  • Latest Income Tax Notice of Assessment

Foreigners

  • Valid Passport (with at least 6 months’ validity) and
  • Employment Pass (EP or S Pass only with at least 6 months’ validity) and
  • Latest billing proof (within the last 6 months) as per your local home address (e.g. telephone or utility bills etc) and
  • Income documents (any of the following)
  1. Latest Computerised Payslip (in Singapore Dollar currency) or
  2. Latest Income Tax Notice of Assessment + Latest Computerised Payslip (in Singapore Dollar currency) or
  3. Company Letter certifying Employment and Monthly Salary (in Singapore Dollar currency) dated within 3 months

Principal card

  • S$193.60^ yearly
  • First three years card fee waiver

Supplementary card

  • FREE first card
  • S$96.30^ subsequent card

Disclaimer: This information may differ from what you see when you visit other financial service websites or the product’s official site, but Loan Advisor continues to keep every detail updated and accurate. This site may be compensated through third-party advertisers. However, the results of our comparison tools which are not marked as sponsored will always be based on objective analysis.

How Does UOB UnionPay Platinum Card Compare with Other Credit Cards in Singapore? 

Credit Card

Reward Type

Minimum Spend per Month

Reward Cap 

UOB UnionPay Card

2% cashback on all spend

 

S$0

S$50 per calendar month

Citi Cash Back+ Mastercard

1.6% cashback on eligible spend

S$0

Unlimited

Standard Chartered Smart Credit Card

6% cashback from Netflix, Spotify, fast food joints, and more

S$0

Unlimited

Citi PremierMiles Card

S$1 = 1.2 miles for local spend

 

S$1 = 2 miles for overseas spend

 

S$1 = Up to 10 miles for select online hotel bookings

S$0

Unlimited

American Express True Cashback Card

1.5% cashback on all purchases

 

Welcome bonus of 3.0% cashback for the first 6 months (min. spend of S$5,000 in 6 months)

$0

Unlimited

Standard Chartered Unlimited Cashback Credit Card

Up to 1.5% cashback on eligible spend

S$0

Unlimited

 The UOB UnionPay Card is a competitive card that offers a higher than average cashback at 2% on all spend. With this UnionPay Card, there are no categories to track and no minimum spend requirement. However, the cashback is capped at S$50 per calendar month. 

If you compare it with the other major cashback cards on the list, the UOB UnionPay Card definitely offers a higher tier cashback. However, other major cards have an unlimited cashback cap. So keep this in mind if you’re thinking of getting this card.

UOB UnionPay Platinum Card – Our Verdict

If you don’t like the hassle of keeping up with minimum spend requirements, but still want to earn high cashbacks, then the UOB UnionPay Card is for you. The UnionPay Platinum Card is among the selection of UOB credit cards. It offers 2% cashback on all spend – no categories to track and no minimum spend. That said, this UnionPay Card is a good everyday credit card.

On top of that, you’ll also enjoy UnionPay card benefits, including 24-hour concierge services, discounts from UnionPay merchants, and discounts at over 100 International Airport Duty Free Shops. But that’s not all, you’ll also enjoy petrol savings with SPC.

FAQs

Almost all ATMs and over 80% of merchants in Singapore accept UnionPay Cards. That said, you can use UnionPay at Changi Airport, major duty-free shops, shopping centers, brand monopolized shops, restaurants, hotels, Singapore Petroleum, Kinokuniya, Toh Yuen, and other daily purchasing places.

More than 10 million overseas online merchants accept UnionPay Online Payment. These merchants are based in 200 countries and regions, including Hong Kong, Macau, Europe, the United States, Japan, and South Korea. UnionPay Online Payment is convenient and has multiple security technologies and risk monitoring.

While most transactions on your UOB UnionPay Card are eligible for the 2% cash rebates, there are certain transactions that do not qualify. Here are some of the exclusions:

  • Government institutions and services
  • Charitable/religious organizations
  • Education institutions
  • Member financial institutions, including merchandise and services, securities, stored value, and political organizations
  • Any cash advances
  • Any late payment charges or interest charges on any Card
  • Fees payable to UOB for transfer of any debit balance on any other credit card to a Card.

With your UOB UnionPay Card, you can enjoy privileges, such as assistance with flight information, travel recommendations, and rentals. You can also use the Concierge service when reserving golf courses, restaurants, or private clubs. If you’re a frequent traveler, you can enjoy the courier services.

Final Thoughts

To sum up this UOB UnionPay review, this Platinum Card stands out from its competitors. You can earn 2% cashback without worrying about categories or min. spend requirements. Plus, you can also enjoy fuel savings and discount offers from different merchants.

Key Takeaways:

  • The UOB UnionPay Card offers 2% cashback with no minimum spend
  • The annual card fee is S$192.60 but it is waived for the first three years
  • It has a cashback cap of S$50 per calendar month
  • To avail of the S$150 sign-up bonus, you’ll need to meet a min. spend requirement of S$1,500 within 30 days from the date of card approval.

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