No prizes for guessing what YOLO stands for.

Seriously, when i first saw the card, i was like, geez,…UOB credit department must be really desperate to think of a catchy name. And to be frank (no pun intended), i thought the OCBC Frank card was bad enough, but UOB YOLO is taking it to a another level.

Design is kinda funky too – the card numbers are on the side, rather than the usual bottom.

Anyway, not to sidetrack from the purpose of this post. I am sure most of you have the OCBC 365 or the likes for cash rebate. It may appeal to some, but not to others, depending in your spending pattern and the banking relationship with the bank (what accounts you have, etc etc)

I spend quite a fair bit on dining (especially overseas, since I don’t cook), hence the 8% (weekend) and 3% (weekday) is quite attractive,  The max rebate per month is $60, which is $750 spending on dining/entertainment, and min of $600 to qualify for the higher tier. Of course, please dont’ go all the way out to spend that amount just to get the rebate on the card.

The rebates on the other stuff, like online travel and stuff, seems quite standard. I think there are other cards like the OCBC 365 which may give better deals. The down side is there is no groceries rebate. So this card is purely for a night out and those weekend extended family makan session.

Also, there is also a $50 cash rebate, but the TnC is that you are not a prior UOB principle card holder upon application.

*from FAQ:

Do I earn any cash rebate for overseas Dining & Entertainment transactions?Yes definitely!
Be it enjoying a unique dining experience, partying at the most exciting clubs & bars or relaxing at the coolest cafés, enjoy up to 8% rebate locally or around the world. Remember to bring your card along wherever you are!

What defines Weekend?
“Weekend” means 0000 Hour on Saturday to 2359 Hour on Sunday (based on the local time of the country you are in).

** the 8% cash rebate is only valid until the end of 30 September 2016 – it will go down to 6% 

The card link is below to subscribe if anyone is interested.

UOB YOLO card link


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