UOB Revises Monthly Cashback Pool For UOB YOLO Credit Card
Author Avatar

Effective 1 March 2021, UOB will revise its YOLO credit card to offer a smaller total payout quota for its cashback benefit each month. The amount will be reduced from RM160,000 per month to RM120,000 per month.

“The total cashback payout is RM120,000 per calendar month, which will be awarded on a first-come first-served basis. UOB Malaysia does not have any obligation to inform the cardmembers should the cashback payout reach the maximum payout limit,” said the bank in its updated Clause 10 in the latest terms and conditions (T&C) document.

Apart from this, there will be no changes to the other features of the UOB YOLO card since the substantial update that was previously introduced in January 2020. You will still be able to earn up to a maximum of 5% cashback on three spend categories: online, dining, and contactless purchases – provided you carry out at least 5 transactions worth RM15 and above each month. The cashback cap, too, remains unchanged at RM30 per month.

For your knowledge, prior to January 2020, the UOB YOLO’s monthly cashback pool had actually been set at RM120,000 – it was only increased to RM160,000 during last year’s revision. With this latest update, the cashback pool will be reduced once more to its pre-2020 amount.

For more information on this latest update to the UOB YOLO credit card, you can head on over to the bank’s official website here.

(Source: UOB)

5 1 vote
Article Rating


Comments (0)

Notify of
Inline Feedbacks
View all comments
Top Bank News Articles
Post Image
Malaysian Banks And Local Institutions Offer Financial Assistance For Customers Affected By Covid-19
Alex Cheong Pui Yin
- 1st April 2020
(Last update: 1 April 2020, 3.40pm to include FAQs by banks.) With Malaysia going into an extended period […]
Post Image
Loan Repayment Assistance Under PEMERKASA+ Is Available For Everyone
The RinggitPlus Team
- 15th June 2021
The latest spike in Covid-19 cases has led to the declaration of a third movement control order and […]
Post Image
Public Bank Extended Moratorium: Flexible Arrangements To Reduce Loan Instalments Until End-2021
Jacie Tan
- 7th August 2020
Public Bank has released the details of its Covid-19 assistance for those who will still be in financial […]
Post Image
Applications For PEMULIH Loan Moratorium Start Today – Here’s What You Need To Know
Alex Cheong Pui Yin
- 7th July 2021
On 28 June 2021, Prime Minister Tan Sri Muhyiddin Yassin announced that a second six-month loan moratorium will […]

Related articles

Related Posts Image
Related Posts Image
Related Posts Image
Related Posts Image