HIGHEST Cashback Credit Card among its kind // UOB EVOL
ฝัง
- เผยแพร่เมื่อ 19 พ.ค. 2024
- 🔥 Get the UOB EVOL Credit Card here ➡️ bit.ly/dzuobevol
Aside from a no minimum spend card, the UOB EVOL Cashback Credit Card is my next go-to to earn a maximum cashback of $40 monthly. A credit card that is simple and easy to use despite the terms and conditions laid out. In today's video, I breakdown how I personally use this card to maximise the cashback on my daily spendings, compared it with another Cashback Credit Card of its kind AND go simplify the terms and conditions line by line for you!
If you enjoyed this video, give it a like, it'll really help with supporting this channel! Constructive feedback is always welcome!! 🙂
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How I Manage My Money
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🛒 2 in 1 Personal Finances Tracker - ko-fi.com/s/12b3ae7641
🛒 Annual Budgeting Spreadsheet - ko-fi.com/s/e45fe60c1b
🛒 Net Worth Tracker - ko-fi.com/s/d99366e5b5
🛒 My $ Foundation (FREE) - ko-fi.com/s/878c3211cb
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Travel Multi Currency Cards | ranked to my preference
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🌟 REVOLUT ➡️ bit.ly/3UHBgPZ
🌟 WISE ➡️ Fee free transfer / conversion on first S$900 - bit.ly/3T0MAph
🌟 YOUTRIP ➡️ Receive $5 on first top up - bit.ly/3uueoch
🌟 TRUST BANK ➡️ Receive $35 NTUC Voucher - Referral Code: 69F3T6UM
🌟 INSTAREM ➡️ bit.ly/49fngBD
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Investment Platforms I Use
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🎋 Moomoo - j.moomoo.com/00x8FW
🎋 Syfe Trade - www.syfe.com/invite/demi
🎋 Webull - a.webull.com.sg/i/DemiZhuang
🎋 StashAway - www.stashaway.sg/ref/demizhuang
My Credit Card Combination (for day to day expenses)
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MILES
🍣🛒✈️ HSBC Revolution - bit.ly/dzhsbcrevolution
✈️ UOB Ladys - bit.ly/dzuobladys
🚌 Standard Chartered Smart - bit.ly/dzscsmart
💳 Citi Rewards - bit.ly/dzcitirewards
✈️ Kris+ App Code - bit.ly/dzkrisplus | Key in Code - Z210966
💚 HeyMax - bit.ly/dzheymax
CASHBACK
💳 UOB EVOL - bit.ly/dzuobevol
🍣🛒✈️ HSBC Revolution - bit.ly/dzhsbcrevolution
😉 HSBC Advance - bit.ly/dzhsbcadvance
Other Credit Cards I’d Recommend
💳 UOB One - bit.ly/dzuobone
💳 UOB Absolute AMEX - bit.ly/dzuobabsoluteamex
💳 Citi Cashback+ (1.6%) - bit.ly/dzciticashbackplus
💳 Citi Cashback ($800 min spend) - bit.ly/dzciticashback
💳 AMEX True Cashback - bit.ly/dzamextruecashback
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🇰🇷 Related Essentials
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📞 Korea E-SIM - shope.ee/1LE1IbPRGp
✈️ My Choice for Travel Insurance (easy claim process) - tinyurl.com/dzfwdtravelinsurance
🎥 Jeju Airbnb Tour - • 1 month on Jeju Island
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Connect With Me
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📫 Email - demi.zhuangg@gmail.com
💛 Support - ko-fi.com/demizhuang
👋🏼 Instagram - @demiizhuangg
🌐 My Website - demizhuang.com
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Books that Changed My Perspective (Life & Money)
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📚 The Pathless Path - amzn.to/3vxYqOu
📚 The Psychology of Money - amzn.to/3vB4g1p
📚 Die with Zero - amzn.to/3ShqkHb
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Disclaimer
Hey guys, I just wanted to mention that with all the videos I've posted to-date should not be taken as financial, investment or trading advice. All views expressed in the videos are that of mine. Remember to always do your own research before making any decision. All that I've mentioned in the videos are ways and how it has helped ME in my personal finance journey. I hope you take away snippets of insights and if it can be applied to your financial situation that'll be great. I do not represent and will not be liable in any way for the decisions you make after watching the video. 🫡 Some links above are affiliate link. I earn a little at no cost to you!
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KEY TIMESTAMPS:
00:00 - Introduction
00:23 - Traits of the UOB EVOL
05:08 - Terms and Conditions walk-through
13:18 - Closing
Relevant Links:
www.uob.com.sg/personal/cards...
www.uob.com.sg/assets/pdfs/uo...
No Minimum Spend Credit Card Guide -
UOB Absolute AMEX Full Guide - • UOB Absolute AMEX Cred...
HSBC Revolution Full Guide - • HSBC Revolution Credit...
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#personalfinance #creditcards #cashback
Check out these 2 other cards with NO Minimum Spend -
tinyurl.com/uobamex
tinyurl.com/hsbcrev
Great job!!! Keep up the good work
Love your videos! it's very clear and helpful! Jia You!
Glad its helpful!!! 😀 thank you!!
Super clear and concise. Thank you so much.
For the "Others" categories, i guess is to pay using the physical card itself?
The remaining $100 can just be anything! Including mobile or online txn.
@Demi Zhuang Thanks. How does using mobile/online payment qualify for "others" though? Eg. 350 for online and 250 for mobile to hit 600?
Any combination, as long as you hit $250 online and mobile paywave each. And $100 spend on either.
It needs to be very preciously half online and half contactless... i find it not easy to spend this much on mobile paywave... I originally thought just tapping card as paywave us a mobile contactless
Hi Demi, thank you for the great detail guide! Might apply for this card soon, which main credit card you're referring to? UOB Absolute?
Hey! Thank you! 🙂 As of now, the main card I’m using is the UOB Absolute AMEX. Only because I’m overseas, but when i’m in SG - HSBC Revolution :) another no minimum spend with higher cashback. Only use the UOB EVOL if I know in that month I’d be able to hit the $600 min spend.
I will reach out to the customer support of the credit card inside the app and ask them what MCC that transaction is. I never tried that for UOB but I did so for the other cards I have.
Thanks so much for your video, Demi! Have a few questions:
1. Does UOB evol earn cash back with simply go? Or can you earn cashback on bus/train rides just by using contactless payment?
2. Apologies if this was covered but are grab transport / food payments (e.g. food delivery, self pick up) considered online spending?
3. What are some examples of 'other' payments - the last $100 for min spend? (Couldn't really find info on this). Would grab wallet top ups fall in this category?
1. Yes
2. Yes
3. Terms and conditions exclude top up to grab. Do read the T&C as it covers the exact things that are excluded from earning cashback. The $100 left to spend on can fall into paywave / online.
Thanks for this guide!
How does this compare to the UOB One?
Worlds apart! That card is a little complex, if you spend more and consistently, it fits uob one credit card then that card would be good.
Hi Demi, thank you for the guide. How to know if the transaction falls under online spending or other spends? E.g like gym membership, phone bills etc. Thanks in advance!
Hey, I believe I covered the definitions on that. You can also refer to the terms and conditions where it defines this!
Hi, lets say if im buying something online on a website and one of their option is apple pay, is that considered under online payment or contactless payment? thanks!
For the "Others" must is be physical card transaction ? If i have spend more than $250 each for both online and contactless will it falls to "Others" ?
Is there a way to monitor how much i have spend under online, contactless and others rather than looking at the transaction made in the UOB app ?
For example i use MacDonald app to purchase a meal, it would considered as online transaction am i right ?
Just spend more either online or mobile contactless. No need to be in the others category. Yes mcd app- online
Hi Demi, thanks for this informative video.
At the end of the vid, you mentioned that you used the UOB Absolute Amex to topup your Youtrip card, but doesnt Youtrip accept only Visa/Master for their topups? Curious on how you manage to top up using your UOB Absolute Amex card for Youtrip.
Thanks!
Hey! The method was using the Grab as an intermediary but they have discontinued that.
@@DemiZhuang right! So what card do you use to top up your youtrip now? :)
A normal mastercard :( to avoid the visa 1% fee. Check out my latest video here - th-cam.com/video/nPge8IvOjKc/w-d-xo.html
You can have a look at Trust Bank Debit/Credit card to get the advantageous rates + if you get the CC, perks of having to only pay your credit card bill at a later time instead of upfront if you use youtrip :) hope this helps.
Hi Demi! Can i ask from what date to what date is the statement month for UOB evol? And also, They count by posted date, and not transaction date too am i right?
It depends, check your statements to find out. Yes posted transaction only.
Does grab wallet consider as online spending? Should i topup grab wallet to pay for grab for grab points or just charge my grab ride directly to the credit card? Thanks in advance!
No, charge direct.
Hi Demi, I'd just like to check, would monthly insurance GIRO premium fall under "Online Spend" or is it not counted as a transaction. Thank you!
Hi! Not counted.
@@DemiZhuang Got it, thank you so much for the quick reply!!
Hi Demi, I use Wise to convert SGD into other currencies every month. Wondering if topping up Wise considered as “Online payment”?
Wallet top ups are not considered eligible spends.
For the “Others” category, can list down some examples of transactions that is counted? Online and mobile contactless category are pretty straightforward it’s just the others category
haha i myself also find it hard but most times you don't have to know. Just make sure you hit $250 online, $250 mobile contactless and $100 on either + make sure it doesn't fall under the excluded txns in T&C thats it.
Can you give some examples that do fall under Others and yet have 0.3% cash back? Using the physical card to pay via PayWave?
Yeah! I suppose thats one of them! As long as they don’t fall under the mobile contactless, online and the excluded transactions, it all comes under Others.
You not discussed on UOB$ merchants, such as Giant, Guardian, etc., understand they will not give 8%, but would it count for Min $600 spend?
Didn't think it needs to be covered. Yes counted for $600 spending. No difference to spending anywhere else.
@@DemiZhuang yes, it will be a lost as those spend will not get for 6.67%, but good to hear that are counted for min $600
Hi Demi, so just to clarify if I say used this card in conjunction with my Samsung wallet and made a contactless transaction at Giant, that would not be counted as a mobile contactless transaction?
I understand there are over 800 merchants that support UOB$. This effectively means contactless payment does not apply when buying from them?
What are some examples of what qualifies as an online spend, I assume places like Shopee, Grab, Lazada etc does not qualify as online spend because I assume its payment of funds to payment service providers? Does only pure transactions made through a website online constitutes in the Online spend category?
Those are considered as online.
I seem to overspend when i use minimum spend credit cards 😭😭😭💔💔 im thinking maybe its better that i use cash and keep them in envelopes so if i spend more than the amt in the envelope, i cant spend anymore?? But i'll miss out on cashbacks!!! Any advice on how to not overspend??
I'd say track meticulously with a budgeting app or an excel spreadsheet and check every other day. This helps you understand your spending and on this day how much have I spent thus far etc. That worked for me, after doing that for a while, you'd get the hang of it. That way you won't miss out on the cashback.
@@DemiZhuang whoa that sounds troublesome but yes good to track it. Can u recommend the best user friendly budgeting app that you use apart from your excel sheet?
How to Budget & Manage Your Money Daily with a Mobile app | Personal Finance
th-cam.com/video/ywtw6LijVqk/w-d-xo.html
Isn't miles better beyond the $600? If you're going to travel anyways, that's like 10%
Hi Demi, want to check with u for this Evol card, let's say I used $250 online spend and $350 mobile contactless spend, will I still be eligible for the $40 cashback that month? Tks
Yes !
@@DemiZhuang tks bcos I thought must spend some in 'others' categories other than online and mobile spending, so a little bit confused 😅
@@siimplycharl1e_ no worries! haha common question asked, lots of ppl get confused with this too.
@@DemiZhuang tks Demi, love your videos 😍
just a general question why do banks likes to make things so complicated, if they willing to give cash back for $600 just give, why they want to make it different card having different rules? For example if i take bus/mrt using the card is consider others, if i take it to apple pay and pay via phone or apple watch is consider mobile. however to the bank so long i charge to the card they would earn from the merchant right? why would they want to differentiate between card or mobile? what is the rational?
Loll i don’t work at the bank…
@@DemiZhuang sorry i dont mean that you have to answer just a general question or comments here maybe some of your viewers who works in the bank see this comment can share some lights. hahaha anyway thanks for answering. i should be getting my card soon in coming days, i shall try different types of transaction for example paying via fairprice app mcdonald/KFC app, kcut, or top up grab, youtrip card etc and see how UOB consider these are mobile/online or other transaction. then maybe i can share my findings here. To give some background i did call the UOB hotline to ask these question but even their CSO cannot answer the questions, they told me i have to make the transaction then for each transaction they can check and advice.... by the way i only get this card because i want to hit the 500 for UOB One account getting the cashback or not is a bonus not my main objective. But u see if based on my current spending for example i can hit 550. So i was thinking if i just buy something for example a clothing for $50 and hit the $600, and get $40 cashback, effectively i am paying $10 for the clothing. just my thoughts
Hi, can this card be used for groceries?
Yes.
Which account is better to park $100,000 for better returns? UOB One account or UOB stash account?
UOB Stash Account bonus interest is awarded if you increase / maintain your average monthly balance. If you won't touch the $ then consider Stash as you won't have to fulfil things like Salary Crediting, Credit Card Spend, GIRO etc. This is for $100K ya. Any amount below, UOB One is better.
What happens if you use less than $250 on online transaction and more than $250 on mobile transaction ? But still hit $500 spending requirement for $100,000 in One account? Do they still give the monthly bonus of 5%?
Yes just as long as the transactions qualify and hit $500. You only forgo the cashback from uob evol.
Ulitilties don’t earn cash back, but is it counted as OTHERs spending?
nope
Then what is others? I totally no clues what is others. Help me. TQ.
Lol I also dont know/need to know. Most things spent on this card will fall within online, contactless
Hi Demi, how to get annual fee waiver?
you can call in.
@@DemiZhuang thanks!
too complicated oh god, must spend 1/3 online then 1/3 mobile (which i dont use at all) and 1/3 others , oh gawd no
but all the category got capped.
Thats why need to combine with another no min spending credit card like HSBC Revolution or those unlimited cashback credit card
Can u just do 300 mobile 300 online?
Ya
@@DemiZhuang do u know if I use evol card to top up YouTrip card would it consider online transaction and consider part of the UOB one $500 transaction thanks🙏
No
Maybe uob lady card better without minimum spend... and no need to keep counting how much you did on a mobile contactless (not all shop accept paywave accept google pay, I find not a lot of shop support this for my daily life)
uob lady only 1 or 2 category though and you'll be accumulating miles instead.
Worst credit card !! UOB still owes me refund and don’t want to process although they promised they will. I made numerous calls and I just given up already. I wish “good luck” to UOB and also whoever choose UOB. YOU WILL REGRET