8 Reasons Why We’re Hyped Over the New UOB EVOL Card: 8% Cashback, Eco-Friendly & More

UOB EVOL Card - 8% Cashback, Eco-friendly - Own every Evolution

This post was written in collaboration with UOB. While we are financially compensated by them, we nonetheless strive to maintain our editorial integrity and review products with the same objective lens. We are committed to providing the best recommendations and advice in order for you to make personal financial decisions with confidence. You can view our Editorial Guidelines here.

OMG, don’t you just feel so rewarded when your online shopping goodies arrive on time or when you’re indulging in some good food to get through a long week? Even better: Getting rewarded for spending.

Yeppp, you heard me right. If you’re going to spend, you might as well make the most of it and find the best deal around. How? We’re talking about credit cards of course — specifically, the new UOB EVOL Card, where we can “Own every evolution with UOB EVOL Card”.

Don’t mind if we do! Make the best of EVOL’s cashback, that is.

UOB EVOL Card - Own every evolution

TL;DR: What was formerly the UOB YOLO card has now evolved into the new and improved UOB EVOL Card — with 8% cashback applicable across more categories of your spend, over 1,000 deals and even promotes sustainability. YAAS.

Existing UOB YOLO card holders, not to worry, you can also get the 8% cashback benefits from 17 June 2021. 

Here are 8 reasons (because 8%, geddit?) why we’re hyped over the new UOB EVOL Card:



1) 8% cashback on online and mobile contactless spend

Do you even carry cash around these days? I don’t even bring my wallet — since I can pay with my phone through apps such as Apple Pay, Samsung Pay, Google Pay and Fitbit Pay.

And I’ll be rewarded for these mobile contactless purchases — thanks to the UOB EVOL Card’s 8% cashback. What’s more, the minimum spend per month is only $600 to qualify for the 8%. 

Online purchases are also eligible for 8% cashback across all types of categories: Dining, entertainment, shopping, fashion, hotels, transport and more. This includes things like your Netflix and Spotify subscriptions, Grab, Foodpanda, Deliveroo, and even shopping and staycay with bae.

But before you go booking loads of staycations to last the rest of 2021, note the cashback cap of $60 per month ($20 on online, $20 on mobile contactless, and $20 on other spend). 

Aaand, if you use your card for other purchases not in the categories mentioned above, you still get 0.3% cashback. 



2) Super easy to get your annual fee waived

Who likes to call the bank, listen to the automated spiel and jump through hoops to get your annual fee waived? With EVOL, the annual fee is automatically waived for the first year when you sign up.  

But even after the first year, subsequent annual fees are also waived. You just need to make 3 purchases monthly, which is super easy to hit (you can buy your weekly bbt). 

You don’t even need to think about it because you can just link your card for any monthly subscriptions you have (Netflix, Disney+, Spotify or Apple), use it for public transport as it’s linked to SimplyGo, and for all your Grab rides and food deliveries.



3) It’s Southeast Asia’s first bio-sourced card

Good news for the eco-warriors among us for the UOB EVOL’s sustainable credentials lie in the fact that it’s the first bio-sourced card^ in Southeast Asia. Yup, it’s made of 82% plant-based Polylactic Acid (PLA) material derived from non-edible corn, which saves 4.48g of PVC plastic and produces 10g less carbon per card.

For a card that encourages mobile contactless payments with high cashback, this makes perfect sense. No extra waste is generated from its production and you get to keep a piece of it in your wallet! Just remember to cut down on the use of plastics and bring your own carrier, cutlery, box or tumbler, kay!

You will also be automatically enrolled to receive e-statements when you sign up for the UOB EVOL Card and get up to 5 years’ worth of credit card statements easily accessible digitally, doing away with all the unnecessary paper wastage and transport emissions that come with mailed statements.


4) You also get a suite of sustainable deals

Adding on to point 3, you can also contribute in a sustainable way when you spend with your UOB EVOL Card. UOB has exclusive tie-ups with several merchants who share the same commitment to sustainability. Here are some of them: 

  • Huggs Coffee
    Get $1 off drinks and double points when you bring your own cup, from now till 31 Dec 2021.
  • SaladStop!
    Get $1 off drink purchases when you bring your own cup + get a free topping and alkaline water with your salads when you order a plant based meal or bring your own container, from now till 31 Dec 2021. 

For more of such deals, visit uob.com.sg/evoldeals 

If you already bring your own reusables around with you, all you need to do is tap with your phone or wearables to pay for your purchases and snag that 8% cashback.


5) There are plenty of other deals too!

Apart from cafes, there are also deals offered by eco-conscious, sustainable merchants such as food delivery service barePack, retailer BYKURAHOME, online marketplace Good Food People, Your Sustainable Store and more.

These merchants offer discounts for purchases made with the UOB EVOL Card. What’s more, if you shop online, your discount stacks with the 8% cashback! 

Other than these, there are also more than 1,000 deals for all your needs ranging from fashion to dining that all UOB card holders can enjoy. 

This includes 1-for-1 dining deals, discounts on takeaway and delivery, over 1,000 staycation and travel deals worldwide (fingers crossed for future travel), as well as online and in-store deals for fashion, beauty, home and electronics merchants.


6) Syncs with your UOB One Account for higher interest on your savings

If you don’t already have a UOB One Account, it’s time to open one, pronto!

You see, with a UOB One Account, you’ll automatically earn up to 2.5% interest p.a. on your savings— it’s the easiest way to earn bonus interest with just a minimum of $500 card spend. 

UOB logo
Base Interest Rate p.a.
Max. Interest Rate p.a.
Min. Balance


7) Track your spending easily with the UOB Mighty app

It’s so easy to just tap and pay for stuff these days and with all our online subscriptions, we barely feel the pinch of where our money is going — until we check our digital credit card statement.


That’s where the UOB Mighty App comes in handy. Other than just doing the usual paying of bills, using PayNow to transfer funds etc, it also provides personalised insights based on your spending habits. 

There are several useful features that can help you keep track of your spending. For instance, it notifies you when you receive a refund for a transaction (i.e. returning your shopping orders), notifies you of any duplicate transactions, as well as any possible subscriptions you may have made to a merchant — so you don’t end up accidentally paying for a full year’s subscription for something you don’t want!

The UOB Mighty App is basically a one-stop shop for anything you buy or may buy in future. You can also see dining and retail deals within 5km from your location, buy weekly deals and Mighty Coupons, and manage your cards on the go 24/7.  


8) Get Apple Watch SE or Nintendo Switch Lite* when you apply now!

Be empowered and choose the gift of your choice when you apply for UOB EVOL as your first UOB Credit Card. Get Apple Watch SE or Nintendo Switch Lite* when you are the first 100 customers per promotion month to apply and make a min spend of S$1,000 within 30 days of the card approval date. Total 200 gifts to be given away, valid from 17 Jun to 16 Aug 2021.

Remember to SMS in the gift of your choice to get first dibs! Click here for full T&Cs.


Time to own every evolution with your EVOL Card!

‘Nuff said, it’s pretty easy to satisfy the criteria if you’re completely new to UOB and haven’t had any account or credit card with the bank. 

If your spending habits hit most of the criteria for 8% cashback, the UOB EVOL card is a no-brainer for you. 

UOB logo
MoneySmart Exclusive
on Online, Mobile Contactless, Overseas in-store FX spend
10% Cashback
Cash Back Cap per month
Up to S$80
Min. Spend per month
MoneySmart Exclusive:

Stand a chance to win up to 2 Grand Prizes when you apply through MoneySmart! No min. spend required! T&Cs apply.

  • A pair of Day 1 Category 1 Ticket for ASMeiR Max 2024 World Tour - Singapore (worth S$656)! [10 Winners]
  • Samsung Galaxy S24 Ultra 512GB (worth S$2,458) or 68,000 Air Miles (worth a Business Class Round Trip to Taiwan for 1) or a Sony WH-1000XM5 Headphones (worth S$589)! [3 Winners]

PLUS receive an Apple Watch SE 2nd Gen with CASETiFY Impact Band (worth S$453) when you are the first 50 new-to-UOB credit card customers in each calendar month from 7 June 2024 to 31 July 2024 to successfully apply and spend a min. of S$1,000 per month for the 2 first consecutive months from their card approval date. T&Cs apply.

Valid until 16 Jun 2024

It’s time to own your evolution. Find out more and sign up for the UOB EVOL Card through MoneySmart now.



Insured up to S$75K by SDIC.

Full terms and conditions apply for all UOB EVOL Card benefits and privileges. Visit uob.com.sg/evol for details.

^ UOB in partnership with Thales. Mr Michael Au, Senior Vice President Asia, Banking and Payments Solutions, Thales, said in a statement: “Thales is proud to work with UOB as they shift to more sustainable banking solutions with the launch of Southeast Asia’s first bio-sourced banking card. By creating cards from an innovative alternative to plastic, which are non-petroleum based and non-toxic if incinerated, we are supporting UOB in their efforts to implement environmentally-friendly banking practices. As a pioneer in bio-sourced card production, Thales was the first card manufacturer to provide a PLA card body for banking cards. We align with Singapore’s ambitions to be a leading centre for green finance in Asia, and our full set of sustainable products and solutions will continue to enable banks worldwide to reduce their carbon footprint and meet their sustainability goals.” Read more here: uob.com.sg/evoleco

*Promotion is valid from 17 June 2021 to 16 August 2021 (“Promotion Period”).The first 100 new-to-UOB credit card customers per promotion month to (a) successfully apply and spend at least S$1,000 in eligible transactions within 30 days from card approval date and (b) register their choice of gift via SMS stand to receive either the Apple Watch SE or the Nintendo Switch Lite Console. Total 200 gifts to give away. Full terms and conditions at uob.com.sg/newevol.

This advertisement has not been reviewed by the Monetary Authority of Singapore.