If one of your new year resolutions was to save more money, make sure you incorporate the following cashback tools so that you get more cashback and rebates.
1. Get >10% cashback with UOB x GrabPay
This has been widely discussed, but one of the best reasons to get a UOB One Card is thanks to its partnership with Grab, which gives you up to 10% cashback on your Grab transactions!
What you should do:
Apply for a Grab Pay Mastercard
Top up your Grab Pay card using your UOB One card
Use your Grab Pay card for transactions and chalk up Grab points.
Get the 5% + 5% rebate from UOB and exchange your Grab points for vouchers.
We're expecting this promotion to get culled soon, so you might as well make full use of it while it lasts.
2. Stack FavePay + GrabPay at participating merchants.
Depending on the merchant, you could be looking at anywhere between 3% to 10% cashback with this method. The only downside is that the cashback that you'll accumulate is also tied to the same merchant and outlet that you have visited, so it'll be best to use this hack for places that you frequent more regularly.
What you should do:
Set GrabPay as your default payment mode in your Fave app
Use FavePay at participating merchants (especially merchants that you often frequent) to get both Fave cashback AND Grab points
3. Stack with ShopBack Go
If you aren't already on ShopBack Go, you're missing out on a whole bunch of offers and cashback. New users even stand to enjoy 1-for-1 offers, and I made use of this to have cheap lunches in the CBD on several occasions.
What you should do:
Download ShopBack Go via your app store
Link your credit card to the app
Look out for promotion offers on your favourite merchants within the app
Pay with your credit card as per normal
4. Download the ShopBack and RateX Chrome extension.
Remember the days of searching for promo codes online and manually entering each of them before you check out...only to find that they no longer work?!
Well, say goodbye to those days because these nifty Internet extensions help you to scour the web for promotion codes and apply them automatically on the websites that you visit. Find out more about the ShopBack extension and RateX extension before using them.
5. Use the right cashback card
The best way to power forth and enjoy your new life of free money back is to pair the right cashback credit card for your spending habits. Some favourites that I like are DBS Live Fresh, which gives 5% cashback on online shopping and Visa contactless, and can be paired with the DBS Multiplier savings account for extra interest.
DBS Live Fresh
5% cash back on all online shopping and Visa payWave transactions
0.3% cash back on all other eligible spend
$20 cashback cap per month
The UOB One Card functions in a similar fashion, except that your cashback is paid out quarterly. You'll get 3.33% cashback when you spend $500 or $1,000 per month for 3 consecutive months and 5% cashback if you spend $2,000 per month for 3 consecutive months.
Up to 5% cashback on all spending categories
Minimum $500,$1,000 or $2,0000 spend per month
Cashback cap depending on spend amount
And if you can hit $800 – $888 in a single month, you can enjoy higher rebates of 6% to 8% on dining, petrol and groceries on the OCBC 365 and Citi Cash Back Card respectively.
Citi Cash Back Card
8% cash back on dining, groceries, petrol spend daily, worldwide
Up to 20.88% fuel savings discount at Esso and Shell
Spend $888 and above
Looking for your next credit card? Find your best cashback companion here on GoBear!
Also known as SG Budget Babe. Dawn is Singapore's most popular female financial blogger – she shares tips on how you can go about improving your financial life.
Woodpecker Asia Tech Pte Ltd (UEN 201420994D) operates the GoBear websites which compares financial products in 7 countries.
GoBear Insurance Broker (SG) Pte Ltd (UEN 201924067K) is a registered insurance broker with The Monetary Authority of Singapore for insurance broking business which does not include other services such as credit cards and loans.