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UOB Lady’s Card – MoneySmart Review 2018

UOB Lady's Card

Clara Lim

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The UOB Lady’s Card is a rewards card in Singapore that’s only open to women, as the tagline “The men don’t get it” suggests. Well, the men aren’t missing out on much, because it’s not really a very good credit card.

Let’s see if the UOB Lady’s Card has any redeeming factors.

 

UOB Lady’s Card terms & conditions

UOB Lady’s Card
Annual fee & waiver $193 (waived for 1 year)
Supplementary annual fee First supp card free, subsequently $96.30
Interest free period 21 days
Annual interest rate 25.90%
Late payment fee $90
Minimum monthly repayment 3% or $50, whichever is higher
Foreign currency transaction fee 3.25%
Cash advance transaction fee 6%
Overlimit fee $40
Minimum income $30,000 (Singaporean) / $40,000 (non-Singaporean)
Card association MasterCard
Wireless payment MasterCard PayPass, Apple Pay, Samsung Pay, Android Pay, Mighty Pay

Note: There’s a higher tier version of this card called the UOB Lady’s Solitaire Card for minimum income of $120,000. It has better perks but it’s also a lot more expensive, not to mention out of reach of normal plebeians.

 

Summary of UOB Lady’s Card benefits

The UOB Lady’s Card is a rewards card that lets you earn 5X UNI$ (UOB rewards points) when you shop at department stores, overseas, or online (in foreign currency), plus on local taxi rides. That’s equivalent to $1 = 2 air miles.

This earn rate is not very impressive because loads of other credit cards offer as much as 10X (i.e. $1 = 4 miles) on a wider range of spending than the UOB Lady’s Card.

To make things worse, there’s an absurdly high minimum spend of $3,000 per month in order to get 5X rewards. This requirement is ridiculous, because most rewards credit cards do not have a minimum spend at all! 

In addition, there’s an expenditure cap of $5,000 a month. If you spend more than that on bonus categories, say goodbye to your bonus points.

Outside of these bonus categories, you can also get SMART$ cash rebates at various offline merchants like Cold Storage, Giant and Guardian. But you won’t get UNI$ at the SMART$ merchants.

 

Are there any other UOB Lady’s Card promotions?

You must be wondering if there are any other benefits that explain why the UOB Lady’s Card is so popular.

It does give you free weekend parking (2 hours) at Forum, Paragon, Scotts Square, Shaw Centre and Shaw House… but only if you spend at least $50 in a single receipt at these malls.

UOB also offers dining, lifestyle and wellness promotions for the Lady’s Card but, to me, they’re not that much to shout about.

Finally, there’s also a 0% interest instalment plan available, so you can pay off your immense shopping bills over 6 or 12 months. But that’s not necessarily a good thing – read this article for the dirty truth about on instalment plans.

By the way, those who are new to UOB (i.e. don’t have a UOB credit card) are eligible for UOB’s attractive $150 cashback promotion if you sign up online and spend $1,200 in the first month. You can get another $100 if you sign up for a UOB savings account too.

However, you can take advantage of this promotion with other UOB credit cards too, not just the UOB Lady’s Card. You might want to check out what other credit cards UOB has to offer first.

 

Alternatives to UOB Lady’s Card

I’m guessing that UOB is primarily targeting tai tais and shopaholics. But if you love shopping, this isn’t the only credit card available for you. Let’s take a look at some others on the market:

Citi Rewards Card If you constantly need new clothes, the Citi Rewards Card lets you earn air miles faster so you can take your OOTDs in Seoul or Melbourne in no time. You get 10X rewards (twice that of the UOB Lady’s Card!) when you spend on shoes, bags and clothes, and at department stores, up to $2,000 a month.

DBS Woman’s World Card If you have a high enough qualifying income of $80,000 p.a. (we hope you do if you’re planning to spend $3,000 a month on shopping) for the DBS Woman’s World Card, you can get 10X rewards on pretty much any kind of online spending. It’s not limited to shopping; even things like food and grocery delivery and travel bookings qualify. There’s also the entry-level DBS Woman’s Card but it’s only half as good, with 5X rewards.

UOB Preferred Platinum Visa Card UOB ownself spoils ownself market because the UOB PP gets you twice the rewards on online shopping (plus entertainment, groceries and food delivery) and offline when you use Visa payWave (accepted at mainstream stores).

All 3 competitors have better rewards setups than the UOB Lady’s Card. The best one depends on whether you prefer shopping online or offline.

If you always buy stuff on ASOS and Zalora, go for the DBS Woman’s World or UOB Preferred Platinum for better online rewards. But if you really like going to Orchard Road to update your wardrobe, the Citi Rewards Card is better for you.

Of course, if you still die-die want to get the UOB Lady’s Card, you can always apply through MoneySmart.

UOB Lady's Card

UOB Lady's Card


Card Benefits

    • 5X UNI$ on your shopping (local & overseas)
    • UOB Lady's LuxePay Plan: 6 or 12-month installment plan with no interest or processing fees
    • Up to 10% SMART$ rebate at over 400 participating merchant outlets

    What do you think of the UOB Lady’s Card? Tell us in the comments!

     

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    Clara Lim

    I used to be MoneyDumb. I hung out at H&M every day and thought that a $50 lunch set was a good deal. These days, I spend my time researching the crap out of life and trying to maximise utility on micro-decisions. I'm not sure if that's an improvement.