UOB EVOL Credit Card Review: Up to 10% Cashback & Potentially No Annual Fees

The ever-changing nature of our times is deeply reflected in UOB’s newest millennial card, the aptly named UOB EVOL. As its name suggests, we are constantly evolving, especially in our shopping and dining habits. The increasing prevalence of e-commerce and contactless payments make UOB EVOL a great card, as it offers 10% cashback on an endless list of online, mobile contactless, and overseas in-store transactions.

Compared to other cashback credit cards, the UOB EVOL’s 10% cashback is a great rebate rate. Further enhanced by its low maintenance and generous flexibility, UOB EVOL has got your back in many ways.

Read on to get to know one of UOB's best credit cards in Singapore!

🤩 Fun fact: The card’s 82% plant-based Polylactic Acid (PLA) card material is made of non-edible corns and each card produces 10g less carbon footprint.

Looking for the best credit cards to complement your spending patterns and expenditures in 2025? Check out our Ultimate Credit Card Guide that covers all things credit cards in Singapore – from choosing between a cashback, miles, or rewards credit card to planning your credit card strategy.

[UPDATE!] UOB EVOL Card product summary:

• Online cashback: 10% on online transactions

• Mobile contactless cashback: 10% on mobile contactless transactions done via Apple Pay, Google Pay, Samsung Pay, or Fitbit Pay

• Overseas cashback: 10% on in-store foreign currency transactions

• Base cashback: 0.3% on all other spend

• Min. monthly spend: S$800 

• Cashback cap: Capped at S$80 per month

• S$30 per online and mobile spend

• S$20 per overseas spend

• S$30 on remaining other spend

• Annual income Requirement: S$30,000 (Singaporeans/PRs), S$80,000 (Foreigners)

• Minimum age: 21

• Annual fee: S$196.20 (Waived with 3 monthly transactions for 12 consecutive months)

The UOB EVOL Card offers 10% cashback on an exhaustive list of online, mobile contactless, and overseas in-store foreign currency transactions, making it an ideal credit card for your many online purchases.

Given the ubiquity of online shopping and contactless payments right now, the possibilities are just endless. It can include your favourite food delivery options, like Deliveroo and foodpanda, or universally-renowned e-commerce platforms like Taobao and Shopee. The realm of e-commerce is ever-active, allowing you to enjoy savings anytime, anywhere.

With the looming threat that is global warming, the UOB EVOL Card has dedicated itself to the preservation of our world. Boasting one of Southeast Asia’s first bio-sourced credit cards made from renewable plant-based materials, it saves plastic and reduces carbon footprint. Be part of the eco-friendly movement and enjoy exclusive discounts at eco-friendly stores such as Salad Stop! and Coconut Matter.

Other eco-friendly credit cards include the DBS Live Fresh Card and the OCBC Frank Card.

See also: Card Comparison – DBS Live Fresh vs UOB EVOL vs OCBC Frank

Most credit cards have excessive monthly spending obligations to fulfil in order to reap the benefits, which ironically may be a financial crutch. With a reasonably attainable monthly expenditure of S$800, you get to enjoy a multitude of cashback benefits and exclusive discounts.

Also, forget about those pesky annual fees because just three purchases a month for twelve consecutive months on the UOB EVOL get you a waiver on your annual fees. This way, your annual fee is perpetually waived off for life!

See also: Credit Card Annual Fee Waiver Guide By Banks

UOB One Account

Features

• Earn up to 7.8% interest p.a. on your first S$75,000 when you credit a min. salary of S$1,600 or make 3 GIRO transactions monthly and make a min. credit card spend of S$500

• Choose between salary crediting or GIRO transactions to score higher interest rates, lowered salary requirement of $1,600

• Earn up to 10% cash rebate when you spend on your UOB One Credit Card or Debit Card

• Link Mighty FX to your One Account for competitive exchange rates

• UOB Mighty mobile app allows for tracking of transactions that earn bonus interest

• Insured up to S$75,000 by SDIC. Additional T&Cs apply.

• 6-month fall-below fee waiver for accounts opened online

• Read our full review of the UOB One Account

• Fall-below fee of S$5 if average monthly balance falls below S$1,000

• Early closure fees of S$30 if account is closed within 6 months

Eligibility

• Min. Monthly Income: No Requirement

• Minimum Age: 18

If you’ve got an existing UOB One Account, make the most of it by applying for the UOB EVOL –– or other UOB credit cards for the matter. Credit card spending of at least $500 is one of the recognised categories to earn you higher interest rates, up to a maximum marketed rate of 6% p.a.

For deposits of up to S$150,000 while meeting other criteria, you can expect a maximum effective interest rate (EIR) on the following:

• 0.65% p.a. EIR on deposits of S$75,000 + min. S$500 credit card spend

• 2.00% p.a. EIR on deposits of S$75,000 + min. S$500 credit card spend + 3 GIRO debit transactions per month

• 6.00% p.a. EIR on deposits of S$150,000 + min. S$500 credit card spend + 3 GIRO debit transactions per month + min. S$1,600 salary credit via GIRO/PAYNOW per month

Want to travel overseas with peace of mind? Forgot to buy last-minute travel insurance? No fret, UOB EVOL provides complimentary travel insurance coverage when you charge your full travel tickets to the card upon checkout.

Insured with United Overseas Insurance (UOI), enjoy up to S$500,000 complimentary coverage for Public Conveyance Personal Accidents along with up to S$50,000 complimentary coverage for Emergency Medical Assistance, Evacuation and Repatriation due to accident or illness, including COVID-19.

While this coverage seems decent, it's actually missing protection for a few essential components like travel delay, trip cancellation, baggage delay, baggage loss, and others.

Not to mention, the policy only insures the principal cardholder. It does not extend coverage to your partners or children. Therefore, this complimentary travel insurance is only sufficient if you're going on a solo trip or on a short-stint holiday.

Otherwise, we highly recommend finding other comprehensive travel insurance coverage (including COVID-19 if you prefer) for your group and family trips.

Read more:

10 Tips to Keep the Friendship Alive on Group & Grad Trips

10 Most Affordable Holiday Destinations From Singapore 2023

7 Family Holiday Ideas Less Than 7 Hours From Singapore

While the UOB EVOL has a lot to offer, it's important to be aware of its limitations to make an informed decision. Here are some potential drawbacks to consider:

The 10% cashback with the UOB EVOL Card is limited to online, mobile contactless, and overseas spending. This means you won't earn the higher cashback rate on other common expenses like groceries, dining in restaurants, or petrol. If your spending habits don't align with these categories, you might find the rewards less appealing.

For any spending outside the bonus categories, the UOB EVOL Card only offers a 0.3% cashback rate. This is considerably lower than what other cashback cards offer on their base spending. So, while you can maximise rewards in the bonus categories, you might earn less on everyday expenses.

To unlock the 10% UOB EVOL cashback, you need to meet a minimum spend of S$800 per month. While this is not excessively high, it might be a hurdle for some cardholders. If you consistently spend less than this amount, you won't be able to maximise the card's benefits.

Even if you meet the minimum spend, the UOB EVOL Card cashback is capped at S$80 per month. This is split across different categories: S$30 for online and mobile spending, S$20 for overseas spending, and S$30 for all other spending. This means there's a limit to how much cashback you can earn, even if you're a high spender.

• Annual fee: S$196.20 (Waived with 3 min. purchases per month for 12 consecutive months)

• Overlimit fee: S$40

• Late payment charge: S$100

• Minimum monthly payment: 3% of current balance or S$50, whichever is higher

• Interest on purchases: 27.8% p.a. subject to a minimum S$3 charge, calculated daily from the date each transaction is posted to your card account until full payment is received

• Interest on cash advance: 28.5% p.a. will be charged upon the withdrawal date until the withdrawal amount and the relevant fees are paid in full

• Cash advance fee: 8% of amount, subject to minimum S$15 fee

• Foreign transaction fee: 3.25%

• Dynamic currency conversion fee: 1%
  

• At least 21 years of age

• Minimum annual income for Singapore citizens and PRs: S$30,000

• Minimum annual income for Foreigners: S$40,000

Click on the ‘Apply Now’ button in this article and complete the application form on the SingSaver site. You might need to prepare the following documents for the application process:

• Front and back of NRIC/Passport/Employment Pass

• Salaried employees (Singaporeans/PRs):

• Fixed monthly salary ≥ S$2,500:

• Last 12 months' CPF statement

• Latest original computerised payslip

• Latest Income Tax Notice of Assessment and last 12 months' CPF statement or latest original computerised payslip

• Fixed monthly salary < S$2,500:

• Past 12 months' CPF statement

• Latest 3 months' computerised payslip

• Latest Income Tax Notice of Assessment and last 12 months' CPF statement or latest original computerised payslip

• Length of employment < 3 months: Last computerised payslip, company Letter certifying employment, and monthly salary

• Self-employed: Latest Income Tax Notice of Assessment

For the young and the young-at-heart to enjoy up to S$60 in savings each month, while living life to the fullest.

With a seemingly endless list of possibilities in its online cashback options, the UOB EVOL Card allows you to enjoy savings whether you’re on a date, playing your favourite computer game or even just getting groceries. Also, you’ll get access to UOB’s recently revamped digibank app, UOB TMRW, where tons of exclusive dining, shopping and travel deals await you. This starter credit card is also suitable for fresh graduates who are embarking on their next exciting undertaking.

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