- Executive summary: highest cashback rate has dropped to 3.33%; SimplyGo added as a very trivial consolation
- People paying mortgage through CardUp → no choice but to carry on
- People paying income tax through CardUp → for miles, no choice; for cashback, AXS might be better
- Tier 1 to Tier 3 users without specialised spending (e.g. CardUp, the bonus cashback merchants) → time to consider other cards
- People with lots of spending on bonus cashback merchants → still a pretty decent card
- UOB should improve the way they handle nerfs particularly for UOB One
UOB One has quietly changed the terms and conditions of UOB One, and it’s a big nerf. Thanks to eagle-eyed ZM for spotting this and sharing in the chat, we discovered that UOB One is cutting its 5% cashback tier to 3.33% for spending in your July statement (calendar month of June). No SMS to communicate this change? 💔
TL;DR