UOB Simple Card
UOB Simple Card
Get 10% cashback on finance charges on purchases and cash advances every month when you pay the minimum monthly payment due on time. No capping on the cashback earnings and no annual fees for life.
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* T&Cs apply
Eligibility
Minimum monthly income
RM 2,000 (RM 24,000 annually)
Min. Age
Cardholder: 21 years old
Supplementary Cardholder: 18 years old
Resident Status
Anybody
Document required to apply
You will need to provide several documents such as (varies between different banks):
- A copy of your IC (both sides)
- Latest 3 months salary slip
- Latest B/BE Form with official tax receipt
- Latest EPF statement
- Latest 3 months bank statement
Fees & Charges
Interest Rate
15% - 18%
Annual Fee
RM 0
Free*
Annual Fee Waiver
Yes
Free for life
Late Payment Fee
RM 50 or 5% of the outstanding amount, whichever is higher
Interest Rate
15%
Benefits
- Earn 10% cashback on finance charges for your purchases and cash advances with no capping! Just make sure to pay at least the minimum monthly amount due on time to get the cashback.
Product review by CompareHero
The world of credit just got a lot simpler with the new UOB Simple Card.
UOB Simple Card gives 10% cashback on finance charges
Always forget to pay your credit card bills on time? Don’t fret because, with the UOB Simple Card, you will not miss your statement due date as this cashback credit card lets you enjoy savings on finance charges by giving you 10% cashback!
Note that finance charges for all purchases range between 15% per annum to 18% per annum, depending on how soon you pay off your outstanding balance in a year; whereas the interest rate on the cash advance is 18% per annum calculated daily.
All you have to do is pay at least the minimum monthly payment amount on your purchases and cash advances on time every month. You will then earn your 10% cashback for the billing period in your upcoming statement.
The best part about this feature is that there is no capping amount on your cashback so your savings can add up!
UOB Balance Transfer Plans
UOB Simple also intends to simplify your finances with balance transfer plans that offer low fees and flexible repayments.
First off, you have the UOB Balance Transfer plan which charges a one-time upfront handling fee as low as 0% and 1% for 6 and 12 months (for new UOB cardholders), with a minimum balance transfer of RM1,000 or up to the 80% of the credit limit, whichever is lower.
If you want to stretch your repayment capacity up to 60 months, you can apply for a UOB Balance Transfer Instalment with fixed interest rates with a minimum balance transfer of RM1,000. New cardholders enjoy a fixed 2.99% per annum interest while existing cardholders get as low as 5.99% per annum interest - choose over 24, 36, 48 and 60 months of the repayment period.
No annual fees!
Strip your anxiety away from the need to pay for a multitude of fees as the UOB Simple Card guarantees zero annual fees for both principal and supplementary credit cards and zero late payment charges!
Why complicate your expenses when you can simplify them with a UOB Simple Card?
Am I eligible to apply for a UOB Simple Card?
Anyone aged 21 years and over with a minimum annual income of RM24,000 or RM2,000 per month is eligible to apply for the UOB Simple Card.
What documents should I prepare to make an application?
For Malaysians, please prepare the following documents to apply for a UOB Simple Card.
Salaried employee:
- Copy of your IC (front and back)
- Latest 3 months' salary slip
And any of the following documents:
- Latest Form B/BE (supported with tax payment receipt)
- Latest EPF statement
- Latest 3 months' bank statements
- Latest BE Form with a tax receipt
Self-employed:
- Copy of your IC (front and back)
- Photocopy of Business Registration Form
- Latest BE Form with a tax receipt
- Latest 6 months' bank statement (showing business turnover)
For foreigners, below is the list of documents required to make an application for a UOB Simple Card.
Salaried employee:
- Copy of Passport and
- Latest 2 months' salary slip
- Work permit valid for at least one (1) year at the time of application and
- Letter of employment