UOB EVOL Credit Card Review: Up to 8% Cashback! [2023]


Get up to $300 in Cash with the UOB EVOL Credit Card: A Review

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UOB EVOL credit card review

Table of Contents

The UOB EVOL Credit Card is a cashback credit card that makes earning cashback easy. The card rewards you with a high 8% on bonus purchases and 0.3% on all other purchases.

Online spending and mobile contactless payments are considered bonus purchases, and the list includes Grab, Shopee, McDelivery, Lazada, and many others.

Pros Cons
  • Generous 8% cashback for contactless and online purchases
  • Automatic fee waiver if you complete 3 transactions every month for 12 months
  • Provides cashback on public transport commutes
  • Card is bio-sourced and provides access to several offerings focusing on sustainability
  • Cashback is capped at $20 per bonus category. That means $40 in total per month.
  • Some categories (including gasoline and recurrent expenses) are not eligible for cashback

UOB EVOL Credit Card: Fees and Charges

Annual fee & exemption $192.60 (First year waived)
Additional annual fee First supplementary card free, $97.20 per card thereafter
No-interest period 21 days
Interest rate per year 26.90%
Charge for late payment $100
Monthly minimum payment 3% or $50, whichever is higher
Foreign exchange transaction charges 3.25%
Fee for cash advance transactions 8%, min. fee $15
Overage charge $40
Card association Visa
Wireless Payments PayWave, Apple Pay, Samsung Pay, Android Pay, Mighty Pay

Many report that getting an annual fee waiver after your first year is pretty easy. If you didn’t make 3 transactions per month for 12 months, call UOB’s Customer Service to request a fee waiver.

UOB EVOL Credit Card: Eligibility


  • Age: 21 years and above
  • A minimum annual income of S$30,000 OR
  • Fixed Deposit collateral of at least S$10,000



  • Age: 21 years and above
  • A minimum annual income of S$40,000 OR
  • Fixed Deposit collateral of at least S$10,000


UOB EVOL Credit Card: How Does The Cashback Work?

UOB EVOL Card’s cashback system is pretty straightforward:

Categories Cashback Rate  Cashback Cap
Online Spend 8% $20
Contactless Mobile Payments 8% $20
All Other Spend 0.3% $20

The UOB EVOL Card offers 8% cashback on online and mobile contactless purchases while giving 0.3% back on all other purchases.

For your convenience, we’ll refer to this category as “online expenditures,” broadly referring to all purchases made online, including those made through apps.

On the other hand, mobile contactless payments are made at a physical store using your mobile wallet.

Bear in mind that if you use Apple Pay to make an online purchase, the transaction will be included in the online spend section rather than the mobile contactless payments category.

Thus, keep track of your spending and cashback limit for each category, as you might not get your cashback should you hit the cashback cap.

You may wonder how much you must spend to qualify for bonus categories’ highest cashback.

To qualify for the maximum return rate of 8%, you must spend $250 on online purchases and $250 on mobile contactless payments.

The bonus categories should result in a $40 rewards total for the month.

Over that amount, you’ll only get 0.3% cashback. Sad.

Your other spends that do not fall under the bonus categories will also earn you 0.3% cashback.

Thus, I recommend pairing this card with an unlimited cashback card like the Standard Chartered Smart Credit Card.

UOB EVOL Credit Card: What is the Minimum Spend?

Okay, I know I said you’d need to spend $250 for each bonus category above, but if you don’t hit UOB EVOL Credit Card’s minimum spend, all your purchases only get a 0.3% cashback.

The minimum spend for the UOB EVOL Credit Card’s sweet, sweet 8% cashback is $600 monthly. Thus if you hit the minimum spend, you’ll get $40.30 monthly.

$20 each from online purchases and mobile contactless payments, and $0.30 from $100 spent after.

Before paying at kiosks and checking out online with your phone, ensure these transactions are eligible.

With this minimum spend, the effective cashback you’re getting is 6.72%, as you’re only getting $40.30 once you hit the minimum spend. The more you spend, the lesser your cashback is.

For example, if I spend $2,000 using the UOB EVOL Credit Card, I would get $20 + $20 + $4.20. This makes the effective cashback rate 2.21% – which is not too bad – but given the exclusions, it’s better to use another credit card once you hit the minimum spend.

UOB EVOL Credit Card: Exclusions

Even though the UOB EVOL Credit Card has relatively lax exclusions, you should be aware of these limitations.

  • Medical expenses
  • Utility bills
  • Parking fees
  • Reloading mobile wallets
  • Paying insurance
  • Paying tuition
  • Paying fines
  • Tax payments;
  • Interest, fees, and other expenses to a bank;
  • Shell and SPC petrol station transactions
  • Transactions at UOB$ merchants where UOB$ are issued


Most exemptions, such as those for medical expenses, education costs, and services provided by the government, are typical of a credit card. The exclusion of UOB$ merchant transactions, however, is odd.

If you’re unaware of the UOB$ programme, it’s designed to give UOB cardholders instant payback on all purchases made at participating stores, year-round.

In addition to eating places, shopping stores, and travel companies, the list of participating companies is extremely extensive.

Here are some of the more well-known retailers:

  • Cold Storage
  • Giant
  • BreadTalk
  • Toastbox
  • Crystal Jade Group
  • Guardian
  • Cathay Cineplexes
  • Starbucks
  • Miniso


The complete list of excluded retailers is available in the UOB$ Programme.

UOB EVOL Credit Card: Disadvantages

Apart from the list of exclusions and the cashback cap of $20 for each bonus category, I think the UOB EVOL Credit Card has another disadvantage – its cashback system.

Cashback System

The cashback you earn in a given month is added to your account as credit the following month.

You cannot remove or exchange it for incentives; you may only use it to reduce your bill the following month – which is pretty standard, but I’d still think it’s a disadvantage.

Let me spend my cashback on other stuff, darn it!

However, for people who want simplicity and a lower overall credit card cost, this might not be a problem.

UOB EVOL Credit Card: Advantages

On the one hand, the UOB EVOL has things going for it:

Automatic Annual Fee Waiver

The time when you needed to phone in frequently to have your credit card fees waived is long gone.

All you have to do to use the UOB EVOL is make 3 purchases every month for a whole year, and your annual fee is automatically waived.

This is simple to do and will save you a lot of hassle.

Compatible with Contactless Payment Platforms and SimplyGo

Any smartphone that supports Apple Pay, Google Pay, Samsung Pay, or other contactless payment methods can be used with the UOB EVOL Credit Card.

As long as you have your phone with you, you may feel secure even if you leave your wallet at home.

For your daily commute, you can use this card with SimplyGo and receive 8% cashback!

Legit savings anytime, anywhere

The UOB EVOL Credit Card offers 8% on a wide range of online transactions and mobile contactless payments, making it the perfect credit card for frequent online purchases.

You can use well-known e-commerce sites like Taobao and Shoppee and your preferred meal delivery services like Deliveroo, FoodPanda, and GrabFood.

Be part of an eco-friendly community

Considering the impending threat posed by global warming, the UOB EVOL Credit Card is committed to preserving our planet.

It saves plastic and lessens carbon impact and is one of Southeast Asia’s first credit cards constructed from renewable plant-based materials – the other being the DBS Live Fresh Credit Card.

Join the green movement and get exclusive discounts at green businesses like Salad Stop! and Coconut Matter.

Low maintenance, less pressure

Some credit cards need excessive monthly spending to receive perks, which paradoxically may become a crutch for your finances.

With a reasonable monthly expenditure of S$600, you can start earning cashback with the UOB EVOL Credit Card.

Additionally, forget about those annoying yearly fees because you may avoid them by making just 3 purchases each month for a full year.

Supercharge your savings account

If you already have a UOB One Account, increase your interest rates by applying for the UOB EVOL Credit Card or any other UOB credit card.

Spending at least $500 on a credit card qualifies you for a higher interest rate, which can be as high as 2.5%.

Who is The UOB EVOL Credit Card Best For?

The UOB EVOL Card is perfect for young, tech-savvy Singaporeans who frequently shop online and make contactless payments.

Cardholders can earn rewards in several categories at exceptionally generous rates. There are few other credit cards that offer an 8% cash rebate on both mobile contactless purchases and online purchases.

The minimum spending requirement of $600 monthly is also not too onerous. If you’re able to hit the $600 monthly spend, then you should definitely consider this card.

UOB EVOL Card: Sign-Up Promotions

This might interest you if you’ve decided that the UOB EVOL Card is the right choice for you and are prepared to apply.

Get Up To S$300 cash credit

  • Promotion valid only for the first 200 new-to-UOB cardmembers
  • Charge S$1,000 worth of transactions within 2 months of card approval to qualify for the reward
  • Valid till 31 January 2023
  • Terms and Conditions apply


How to Sign Up for the UOB EVOL Credit Card?

Click on this link and head down to click “Apply Now”.

You might need to supply documentation such as:

  1. Front and back images of your passport or employment pass.
  2. Salaried employees must provide the past 12 months’ salary statements.
  3. Self-employed individuals will need to submit their latest income tax assessment notice.


After successful submission, you will be notified via email of your application status

If you spend more than $600 monthly, it’s best to complement the UOB EVOL Credit Card with the Standard Chartered Smart Credit Card.

The latter provides unlimited cashback of 1.7% on eligible merchants – letting you earn more as you spend!

Disclaimer: Each article written obtained its information from reliable sources and should be purely used for informational purposes only. The information provided by Dollar Bureau and its affiliated parties is not meant to be construed as financial advice. Dollar Bureau shall not be held liable for any inaccuracies, mistakes, omissions, and losses incurred should you act upon any information listed on this website. We recommend readers to seek financial planning advice from qualified financial advisors. 

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