The new cashback product meets the needs of a growing segment of consumers who want a straightforward and fuss-free way to earn cashback on all transactions. According to a UOB survey, two in three respondents said they want to earn cashback on all card spending.

Bank’s expanded suite of credit cards gives customers the choice of a cashback card that best meets their lifestyle priorities and needs

The UOB Absolute Cashback Card is the first credit card by a local bank that offers customers cashback on all credit card spend, which includes those on insurance, school fees, hospitals, rent and wallet top-ups which are typically not eligible for rewards and cashback. Customers can stretch their spending dollar with the UOB Absolute Cashback Card’s highest flat cashback earn rate of 1.7 per cent in Singapore, without having to worry about any spend exclusions, meeting a minimum spend requirement, or having a cap on the cashback earned..

The new cashback product meets the needs of a growing segment of consumers who want a straightforward and fuss-free way to earn cashback on all transactions. According to a UOB survey[1], two in three respondents said they want to earn cashback on all card spend. The UOB Absolute Cashback Card is also set to become a favourite among these respondents, with almost 80 per cent of them saying such a card would quickly become their most frequently used card.