Are you looking for a way to waive the annual fee for your UOB CashPlus account in Singapore? You’re in luck! UOB offers several methods to help you avoid paying the annual cost of S$60.
With the CashPlus account, you can access a line of credit of up to six times your monthly salary, making it a popular choice for those needing extra funds.
One way to avoid paying the annual fee is to use your CashPlus account regularly. By making at least five transactions per month, you can enjoy waiving the yearly fee for the following year.
Additionally, if you maintain an average daily balance of S$3,000, you can enjoy a fee waiver. This can be a great option for those who use their CashPlus account as their primary transaction account.
1-Minute Must-Knows: UOB CashPlus Annual Fee Waiver
Borrowers, this section’s for you! If you’re short on time but curious about the exciting UOB CashPlus Annual Fee Waiver, here’s a quick breakdown of the key details:
- The Deal: UOB is offering to waive the annual fee for their CashPlus credit card! This applies to both new and existing cardholders.
- Eligibility: There are minimum spending requirements to qualify for the fee waiver. Be sure to check the fine print for the latest details.
- Potential Savings: The annual fee waiver can save you a significant amount on your credit card each year.
This waiver could be a game-changer for Singapore’s credit card landscape. It encourages responsible credit card use by rewarding those who meet spending requirements, potentially leading to healthier financial habits for many Singaporeans.
Ready to Unlock More?
This is just a taste of the UOB CashPlus Annual Fee Waiver’s full potential. For a comprehensive guide that dives into all the details, eligibility criteria, and how to maximize your savings, be sure to check out our full breakdown!
UOB CashPlus Overview
What Is UOB CashPlus?
If you’re looking for a personal line of credit in Singapore, UOB CashPlus is a great option. This service is offered by United Overseas Bank (UOB), one of the largest banks in Singapore.
With UOB CashPlus, you can get instant cash whenever you need it, without having to apply for a loan every time. You can use the cash for anything you need, whether it’s to pay for an unexpected expense or to make a big purchase.
One of the best things about UOB CashPlus is that you can enjoy an annual fee waiver if you meet certain criteria. This means that you won’t have to pay an annual fee for using the service, which can save you a lot of money in the long run.
To be eligible for the annual fee waiver, you need to have a minimum outstanding balance of S$1,000 in your UOB CashPlus account. You also need to have at least one transaction per calendar month on your UOB CashPlus account. This transaction can be a withdrawal, deposit, or transfer of funds.
In addition to the annual fee waiver, UOB CashPlus also offers competitive interest rates, with repayment options starting from as low as S$30 per month. This makes it a flexible and affordable option for anyone who needs access to cash quickly.
Overall, UOB CashPlus is a reliable and convenient service that can help you manage your finances more effectively. With the annual fee waiver and competitive interest rates, it’s definitely worth considering if you need a personal line of credit in Singapore.
Eligibility and Application
Who Can Apply?
If you are a salaried employee, a commission-based employee, or self-employed, and a permanent resident of Singapore, you are eligible to apply for UOB CashPlus. The minimum age requirement for application is 21 years old, and you must have an annual income of at least SGD 30,000.
Application Process
You can apply for UOB CashPlus by filling up an online application form or visiting any UOB Group Branch. Alternatively, you can download an application form and mail it back to UOB. The toll-free number 1800 222 2121 is also available for you to request an application form to be sent to you.
To complete the application process, you will need to provide income documents such as your computerised payslip or income tax notice of assessment. You will also need to provide a specimen signature. Once your application is approved, you will receive your UOB CashPlus Visa Card, which can be used for cash withdrawals, purchases, and bill payments.
If you maintain a minimum average daily balance of SGD 3,000 in your UOB deposit account, the annual fee for UOB CashPlus will be waived. Otherwise, an annual fee of SGD 128 will be charged.
Fees and Charges
If you are considering getting a UOB CashPlus credit card, it is essential to understand its fees and charges. This section will help you know the annual fees, fee waiver conditions, and additional charges that may apply.
Understanding Annual Fees
The UOB CashPlus credit card has an annual fee of S$60. This fee is charged every year on the anniversary of your card’s activation date. If you do not pay the annual fee, your card may be cancelled.
Fee Waiver Conditions
However, UOB offers an annual fee waiver for the first year of your UOB CashPlus credit card membership. This means you will not have to pay the yearly fee for the first year of your membership.
To qualify for the annual fee waiver, you must meet certain conditions. These conditions may vary depending on the promotions available during your application. It is essential to check the terms and conditions of the promotion to ensure that you meet all the requirements.
Additional Charges
In addition to the annual fee, other charges may be associated with your UOB CashPlus credit card. For example, if you request a stop payment on a cheque, there may be a service charge of S$30. If a cheque is returned due to insufficient funds, there may be a replacement fee of S$50. There may also be a handling fee for each returned cheque.
It is important to read the terms and conditions of your UOB CashPlus credit card to understand all the fees and charges that may apply. By doing so, you can avoid surprises and ensure you are using your credit card responsibly.
Tip: Apply Strategically
Consider applying during promotions with the most relaxed fee waiver conditions to maximise your chances of qualifying. Research suggests that applying during low-spend promotional periods can benefit those who might not meet higher spending requirements.
Financial Flexibility
Are you looking for a credit line that offers financial flexibility? Look no further than UOB CashPlus. With its low annual fee and flexible repayment options, UOB CashPlus is the perfect solution for anyone looking for a personal line of credit in Singapore.
Credit Line Features
UOB CashPlus offers a wide range of features that make it easy to manage your finances. With a UOB CashPlus account, you can enjoy the following benefits:
- A low annual fee that is waived for the first year
- A personal line of credit that allows you to borrow up to four times your monthly salary
- Flexible repayment options that allow you to pay back your loan at your own pace
- A cheque book that allows you to make payments easily
- An ATM card that allows you to access your funds at local ATMs and the Visa Global ATM network
CashPlus Convenience
UOB CashPlus is designed with convenience in mind. You can access your account balance and other information easily through UOB Chat Assist, a digital platform that allows you to interact with UOB via live chat. You can also activate your card, request a fee waiver, and perform other tasks at your convenience.
In addition, UOB CashPlus offers 24-hour assistance, so you can get help whenever you need it. Whether you need assistance with your account or have questions about your credit line, UOB is always there to help.
Finally, UOB CashPlus makes it easy to transfer funds from your account to other accounts. With the 0% p.a. funds transfer option, you can transfer funds to other accounts without incurring any interest charges.
Overall, UOB CashPlus is the perfect solution for anyone looking for a personal line of credit in Singapore. With its low annual fee, flexible repayment options, and convenient features, UOB CashPlus offers the financial flexibility you need to manage your finances effectively.
Banking Services
Are you looking for a personal line of credit that offers you cash, rebates, and convenience? UOB CashPlus is the perfect solution for you. With UOB CashPlus, you can enjoy a range of banking services that help you manage your account easily and efficiently.
Internet and Phone Banking
UOB Personal Internet Banking is a secure and convenient way to access your account online. You can perform a range of transactions such as funds transfers, bill payments, and cheque payments from the comfort of your own home. With UOB Personal Internet Banking, you can also view your current available balance, minimum amount payable, and monthly statement of account.
If you prefer to use your phone, UOB Phone Banking service is available 24/7. You can speak to a customer service officer or use the automated system to perform transactions such as funds transfers and scheduled funds transfer.
Managing Your Account
Managing your UOB CashPlus account is easy with UOB Personal Internet Banking and UOB Phone Banking. You can view your statement of account, check your current available balance, and make payments easily and efficiently.
If you have any questions or concerns, you can always contact the UOB Call Centre toll-free at 1800 222 2121. Our customer service officers are available to assist you with any queries you may have.
With UOB CashPlus, you can enjoy a range of banking services that help you manage your account easily and efficiently. Whether you prefer to use UOB Personal Internet Banking or UOB Phone Banking, you can access your account 24/7 and perform a range of transactions with ease.
Rewards and Promotions
If you’re looking for a credit card that offers you great rewards and promotions, then UOB CashPlus is the perfect card for you. With UOB CashPlus, you can earn rewards and cashback on all your purchases, making it a great way to save money while you spend.
Earning Rewards
When you use your UOB CashPlus credit card, you can earn rewards points that can be redeemed for a variety of items. You can earn rewards points on all your purchases, from groceries to gas to dining out. You can also earn rewards points when you shop online or when you travel.
Current Promotions
UOB CashPlus frequently offers promotions that allow you to earn even more rewards points or cashback. Some of the current promotions include:
- Cashback on dining: Get up to 10% cashback on dining at selected restaurants when you use your UOB CashPlus credit card.
- Rewards points on travel: Earn rewards points when you book your travel through UOB’s travel partners.
- Waiver of annual fee: Enjoy a waiver of the annual fee for the first year when you sign up for UOB CashPlus credit card.
These promotions are a great way to earn even more rewards and save money at the same time. Be sure to check the UOB website frequently for the latest promotions and offers.
Overall, UOB CashPlus is a great credit card that offers a variety of rewards and promotions. Whether you’re looking to earn rewards points or cashback, UOB CashPlus has something for everyone. So why not sign up today and start earning rewards on all your purchases?
Customer Support
If you have any questions about UOB CashPlus annual fee waiver in Singapore, you can contact customer service for assistance. Here are some ways to get in touch:
Contacting Customer Service
You can call UOB’s customer service hotline at 1800 222 2121 for general enquiries on Banking, Credit Cards & CashPlus. The hotline is available 24/7, so you can reach a representative at any time. If you prefer to speak to someone in person, you can visit any UOB Group branch in Singapore.
If you have specific questions about your account or the annual fee waiver, it may be helpful to have your account number and other relevant information on hand when you contact customer service. This will help the representative assist you more quickly and accurately.
Lost or Stolen Card
If your UOB CashPlus Visa Card or ATM card is lost or stolen, you should contact UOB immediately to report the loss and request a replacement. You can call the hotline at +65 6255 0160 to report a lost or stolen card. You can also visit any UOB Group branch in Singapore to report the loss and request a replacement card.
It is important to report a lost or stolen card as soon as possible to prevent unauthorised transactions on your account. UOB takes your privacy and security seriously, and will work quickly to resolve any issues related to lost or stolen cards.
In summary, UOB provides comprehensive customer support for its CashPlus customers in Singapore. Whether you have questions about the annual fee waiver or need assistance with a lost or stolen card, UOB’s customer service representatives are available to help you.
Frequently Asked Questions
How can I get my UOB CashPlus annual fee waived?
If you’re looking to waive your UOB CashPlus annual fee, there are a few ways to do so. One of the easiest ways is to maintain a minimum average daily balance of S$1,000 in your CashPlus account. This will automatically waive the S$60 annual fee.
What’s the simplest way to request a UOB CashPlus fee waiver?
To request a UOB CashPlus fee waiver, you can either call the UOB hotline at 1800 222 2121 or visit a UOB branch. You can also send an email to the bank at uobcustomerservice@uobgroup.com with your request.
Is there a dedicated hotline for UOB CashPlus fee waiver enquiries?
Yes, there is a dedicated hotline for UOB CashPlus fee waiver enquiries. You can call the UOB hotline at 1800 222 2121 and speak to a customer service representative who can assist you with your request.
Can I chat with someone online about waiving my UOB CashPlus annual fee?
Yes, you can chat with someone online about waiving your UOB CashPlus annual fee. You can visit the UOB website and click on the blue chat icon at the bottom right of your screen to start chatting with a customer service representative.
What are the steps to cancel my UOB CashPlus account if I’m concerned about the fee?
If you’re concerned about the UOB CashPlus annual fee and would like to cancel your account, you can do so by visiting a UOB branch or calling the UOB hotline at 1800 222 2121. You’ll need to provide some basic information and follow the instructions provided by the customer service representative.
Are there any tricks to avoid paying the annual fee on my UOB CashPlus?
There are no tricks to avoid paying the annual fee on your UOB CashPlus account. However, as mentioned earlier, you can maintain a minimum average daily balance of S$1,000 in your account to automatically waive the annual fee. Additionally, you can also consider using your CashPlus account more frequently to earn cashback rewards and offset the annual fee.
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