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UOB EVOL Credit Card

by Kshitiz V Sharma on

The Bottom Line

UOB EVOL Credit Card
Great Entry Level Credit Card

8% cashback on online and mobile contactless payments. All other spending earns 0.3% cashback. Monthly cashback cap of S$60.

Monthly Spend S$ 1K S$ 2K S$ 4K S$ 6.5K S$ 10K
Net Reward Yield 4.3% 3.0% 1.5% 0.9% 0.6%
Est. Monthly Reward (S$) 40 60 60 60 60
All-Singapore Rewards Rank* 2 3 32 49 53
Within Bank Rank* 1 1 8 9 9
* Based on est. net reward yield for more than 70 credit cards in Singapore, for each monthly spending level. Read about how we calculate the net reward yield here & here.

The UOB EVOL Credit Card gives 8% cashback on online and mobile contactless payments, capped at S$20/mth each. All other spending earns 0.3% cashback, also with a cap of S$20.

The 8% cashback rate on the very broad categories of online and mobile contactless transactions is one of the highest of any card in Singapore.

You do need to charge a minimum of S$600 to your card each month to earn this enhanced cashback rate. Below this limits, all transactions earn only 0.3% cashback.

Although the cap of S$20 on each category is relatively low, it is still good enough to place the EVOL in top 3 entry level cards in Singapore.

Overall, we estimate you can earn a reward yield of 3.0-4.3% on all your spending up to S$2,000 with this card in a month.

The low category caps mean this card is not very good beyond this level of spending. Its ranking falls to the bottom half of all cards in Singapore for high-spenders.

Keep scrolling to see our recommendations for the best cards in Singapore.


The Rewards

Card UOB EVOL Credit Card
Card Type Cashback
Cashback Features 8% Cashback on
– Online Transactions
– Mobile Contactless Transactions

0.3% Cashback on all other spends

Min. Spend for Enhanced Cashback S$600 per month to qualify for enhanced cashback of 8%.
Earn 0.3% otherwise.
Cashback Caps S$60 cashback cap (S$20 per category: Online, Mobile Contactless and Other spend)
Other Rewards & Benefits – 7% off with min. $30 spend at Bettr Coffee

– 20% off all-natural, healthier plant plant-based snacks at Boxgreen

– 10% off beeswax related products at Minimakers

Preferred Redemption Method Cashback against statement balance


Fees & Charges

Card UOB EVOL Credit Card
Income Criteria S$30,000
Annual Fee S$194.40
Min. Annual Credit Card Spend
for Fee Waiver
3 Transactions / month
Supplementary Card Fee S$97.20 (2nd Card onwards)
Interest Rate 26.90%
Foreign Currency Markup 3.25%
Cash Advance Charge 6% or $15, whichever is higher


The Best Credit Cards in Singapore

The Maybank Family & Friends Credit Card is the best cashback card for most people in Singapore. It has the highest cashback rate of 8% on 5 spending categories of your choice and also the highest monthly cashback cap of S$125.

We estimate you can earn a net reward yield of 3.0 – 4.8% with this card on monthly spends between S$800 – 4,000.

The KrisFlyer UOB Credit Card is the best rewards card in Singapore for most people. You can earn up to 3 miles per dollar spent with this card on dining, travel & online fashion and 1.2 miles per dollar on most other transactions.

We estimate you can earn a net reward yield of 2.5 – 2.8% on all your spending with this card.

The Citi Cash Back+ is the best cashback credit card if you spend more than S$6,000 a month on your card. Its cashback rate of 1.60% with no caps, overall or by category, is one of the highest in Singapore.

Learn more about which is the best card for you by reading our pieces on the best rewards card, the best cashback card and the best card combos in Singapore.

If you drive, consider our piece on the best card for petrol and if you’re a travel bug, read about the best card for travel.

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