If you’re looking for a flexible and convenient way to manage your finances, the UOB CashPlus Card in Singapore might be just what you need. This personal line of credit provides instant cash and allows you to make payments in shops or online, as well as withdraw cash from ATMs worldwide. With affordable repayment options and a range of benefits, UOB CashPlus Card offers a great solution for those who need access to cash quickly.
One of the key features of the UOB CashPlus Card is its flexibility. You can use it to withdraw cash, make payments, or even transfer funds to another account. The card also offers affordable repayment options, with repayments as low as S$30 per month. Additionally, you can enjoy rebates of up to 35% when you use the card at participating merchants.
Applying for a UOB CashPlus Card is easy and straightforward. You can apply online or in person at a UOB branch, and the approval process is usually quick. Once you have been approved, you can start using your card right away. With its flexibility, convenience, and range of benefits, the UOB CashPlus Card is a great choice for anyone looking for a personal line of credit in Singapore.
Key Takeaways
- The UOB CashPlus Card is a flexible and convenient way to manage your finances, providing instant cash and allowing you to make payments and withdraw cash from ATMs worldwide.
- The card offers affordable repayment options and rebates of up to 35% when used at participating merchants.
- Applying for a UOB CashPlus Card is easy and straightforward, and once approved, you can start using your card right away.
UOB CashPlus Card Features
If you are looking for a flexible line of credit that offers convenience and exclusive promotions, the UOB CashPlus Card is an excellent choice. Here are some of the key features that make it stand out:
Flexible Credit Limit
With the UOB CashPlus Card, you have access to a generous credit limit that can be adjusted to suit your needs. You can apply for a credit limit of up to $100,000, subject to approval, and you only pay interest on the amount you use.
Convenient Cash Withdrawals
You can withdraw cash from your UOB CashPlus Card at any UOB ATM or branch in Singapore. This means you can get access to cash quickly and easily, without having to carry around large amounts of cash.
Exclusive Promotions
The UOB CashPlus Card offers a range of exclusive promotions that are only available to cardholders. For example, you can enjoy up to 35% rebates at over 20 participating merchants, including Best Denki, EpiCentre, Barang Barang, SK Jewellery and more. You can also earn UOB$ cashback at UOB$ participating merchants, which can be used to redeem at any UOB$ merchants in subsequent transactions.
Overall, the UOB CashPlus Card is a great option if you are looking for a flexible line of credit that offers convenience and exclusive promotions. With a generous credit limit, convenient cash withdrawals, and a range of exclusive promotions, it’s no wonder that so many people choose the UOB CashPlus Card.
Application Process
If you are interested in applying for the UOB CashPlus Card in Singapore, you can follow a few simple steps to complete the application process.
Eligibility Criteria
Before you apply for the UOB CashPlus Card, you should ensure that you meet the eligibility criteria. To be eligible for this card, you must be a Singaporean citizen or a Permanent Resident, and you must be between the ages of 21 and 65. Additionally, you must have a minimum monthly income of $2,000.
Required Documents
To apply for the UOB CashPlus Card, you will need to provide certain documents. These documents include your NRIC, CPF contribution history statement, income tax notice of assessment, and computerised payslip. You will also need your SingPass to complete the online application process.
Online Application Steps
To apply for the UOB CashPlus Card online, follow these simple steps:
- Visit the UOB website and select the CashPlus Card option.
- Click on the “Apply Now” button to begin the application process.
- Fill out the online application form with your personal and financial information.
- Upload the required documents to complete the application process.
- Review and submit your application.
Once you have submitted your application, you will receive a confirmation email from UOB. Your application will then be processed, and you will be notified of the outcome. If your application is approved, you will receive your UOB CashPlus Card within 7 working days.
Applying for the UOB CashPlus Card is a simple and straightforward process that can be completed online. By following the steps outlined above, you can apply for this card and enjoy the many benefits it offers.
Interest Rates and Fees
Interest Rate Details
The UOB CashPlus card offers a competitive interest rate of 19.8% per annum, which is calculated on a daily basis from the transaction date until the outstanding balance is paid in full. If you make at least the minimum payment, the interest rate will be charged at a minimum of $5.00 per month. However, if you fail to make the minimum payment by the due date, the interest rate will be charged at a default rate.
Fee Structure
The UOB CashPlus card comes with an annual membership fee of $120 per annum, which is waived for the first year. The card also charges a late payment fee of $120 if you fail to make the minimum payment by the due date. Additionally, there is an over-limit fee of $50 if you exceed your credit limit.
The minimum monthly payment is 2% of the outstanding balance or $30, whichever is higher, plus any overdue amounts. It is important to note that if you only pay the minimum amount due, you may end up paying more interest in the long run.
In summary, the UOB CashPlus card offers a competitive interest rate and a reasonable fee structure. It is important to make timely payments to avoid late payment fees and default interest rates. With a generous credit limit and a wide array of discounts and privileges, the UOB CashPlus card is a great option for those looking for a flexible and hassle-free credit card.
Repayment Options
When it comes to paying off your UOB CashPlus card balance, you have several options to choose from. Here are some of the repayment options available to you:
Flexible Repayment Plans
UOB CashPlus offers flexible repayment plans that allow you to repay your outstanding balance at your own pace. You can choose to pay off your balance in full or make minimum payments of 2% of your outstanding balance each month. This gives you the freedom to manage your finances according to your own needs.
GIRO Arrangement
Setting up a GIRO arrangement is a convenient way to ensure that your UOB CashPlus card bill payments are made on time. By authorising UOB to automatically deduct the minimum amount payable from your bank account each month, you can avoid missing payments and incurring late fees.
Minimum Payment Requirements
It is important to note that while UOB CashPlus offers flexible repayment plans, there is a minimum payment requirement. You must make a minimum payment of 2% of your outstanding balance each month, or $50, whichever is higher. If you fail to make the minimum payment, you may be charged late payment fees and interest charges.
In conclusion, UOB CashPlus offers several repayment options to help you manage your finances and pay off your outstanding balance. Whether you choose to make flexible repayments, set up a GIRO arrangement or make the minimum payment, it is important to stay on top of your payments to avoid late fees and interest charges.
Managing Your CashPlus Account
If you have a UOB CashPlus account, you can manage it easily with the help of UOB Personal Internet Banking. Here are some of the key features you can use:
Internet Banking Features
- View your account balance and transaction history
- Transfer funds between your accounts
- Pay your bills
- Apply for a credit limit review or adjustment
With UOB Personal Internet Banking, you can access your CashPlus account 24/7 from anywhere in the world, making it easy to manage your finances on the go.
Credit Limit Review and Adjustments
If you need to increase or decrease your credit limit, you can do so easily by contacting the UOB call centre at 1800 222 2121. They will guide you through the process and help you make the necessary adjustments to your account.
Customer Support Services
UOB provides excellent customer support services to help you manage your CashPlus account. If you have any questions or concerns, you can contact the UOB call centre at 1800 222 2121, or visit any UOB Group Branch for assistance.
With UOB CashPlus, you can enjoy the convenience of a personal line of credit that gives you instant cash when you need it. And with the help of UOB Personal Internet Banking and customer support services, managing your CashPlus account has never been easier.
Frequently Asked Questions
What benefits can I expect from the UOB CashPlus Visa Card?
With the UOB CashPlus Visa Card, you can earn 1.5% cashback on all everyday purchases, and the maximum cash rebate is capped at $50 per month. There is no minimum spend amount required before you can qualify for the cashback. You can also enjoy affordable repayment from as low as $30 per month.
How do I apply for a UOB CashPlus card and what are the eligibility criteria?
You can apply for UOB CashPlus in any of the following ways:
- Fill up an online application form
- Download an application form, complete and mail it back to us
- Visit any UOB Group Branch
- Call us 24-hour, toll-free at 1800 222 2121 for an application form to be sent to you
To be eligible for a UOB CashPlus card, you must be a Singaporean or Permanent Resident aged 21 years and above, with a minimum annual income of $30,000. Foreigners with a minimum annual income of $40,000 are also eligible.
Are there any promotions currently available for new UOB CashPlus users?
Yes, there are promotions available for new UOB CashPlus users. You can apply for 0% interest promotion today!
What are the annual fees for the UOB CashPlus Visa Card and can they be waived?
The annual fee for the UOB CashPlus Visa Card is $80. However, the annual fee can be waived if you spend a minimum of $6,000 per year on your card.
How can I manage my UOB CashPlus account online?
You can easily manage your UOB CashPlus account online by logging in to your UOB Personal Internet Banking account. You can view your account balance, transaction history, and make payments or transfers online.
What should I do if I need assistance with my UOB CashPlus account?
If you need assistance with your UOB CashPlus account, you can call us 24-hour, toll-free at 1800 222 2121 for assistance. You can also visit any UOB Group Branch for help.