Best Credit Cards for Utility Bills (Miles vs Cashback)

Suitesmile rating:

✍️ Short summary
Most specialized cashback cards (offering over 1.7% cashback) require cardholders to meet multiple conditions. The conditions to receive up to 3.33% cashback on the UOB One card, in my opinion, are a little less complicated.

Cardholders can earn up to 3.33% cashback on a wide range of spending categories like online shopping, in-person shopping, dining, groceries, ride-hailing, food delivery, utilities and even phone/internet bills.

Why “up to” 3.33%? Upon meeting certain conditions, cardholders get a fixed cashback amount of $60, $100 or $200 at the end of each quarter.

How to receive up to 3.33% cashback:

• MANDATORY: Make at least 10 transactions per statement month
• Get $60 cashback when you spend at least $600 per month, for 3 consecutive statement months in a qualifying quarter
• Get $100 cashback when you spend at least $1,000 per month, for 3 consecutive statement months in a qualifying quarter
• Get $200 cashback when you spend at least $2,000 per month, for 3 consecutive statement months in a qualifying quarter

In other words, you will only receive exactly 3.33% cashback when you spend exactly $600, $1,000 or $2,000 for 3 consecutive months in a qualifying quarter. For example, a cardholder who spends $1,800/month in that same period, would fall under the $1,000 band and be rewarded with just $100 cashback (equivalent to 1.85%).

Cardholders who meet the conditions for up to 3.33% cashback described above can earn up to 4.67% additional cashback for Grocery spendings and up to 6.67% additional cashback at selected merchants like Grab, SimplyGo and Shopee.

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💸 Annual fee
$196.20
(First year waived)

💼 Income requirement
$30,000/year

🤑 Foreign currency fee
3.25%

❓ When cashback is credited
Receive your cashback in the card by the following statement date after the completion of your qualifying quarter.

📜 Terms & conditions