The Lazada-UOB card headline is a 20% rebate, and that number is real, but it is also the most misread figure in Singapore cashback. You earn 20% on Lazada spend, 6% on RedMart, 5% on dining, entertainment and transport, and 0.3% on everything else, each tier locked behind its own monthly cap. Stack the caps and the most this UOB card pays back is S$90 a month until 31 January 2027, paid as Lazada Gift Card credits, not a statement discount. You also need at least S$500 of total spend in a calendar month to earn any rebate at all, and from 1 February 2027 that bar rises to S$700, the Lazada rate drops to 15% and Lazada and RedMart share one S$20 cap. This review runs the actual maths so you can see whether the Lazada-UOB card earns its keep or just looks good on the banner.
Per the official UOB FAQ, whose rates apply from 1 September 2024 to 31 January 2027, the card splits your spend into four buckets, and each bucket has both a rebate rate and a hard monthly cap on the rebate dollars it can return. Hitting a cap means extra spend in that category earns nothing more, so the card rewards spreading spend across categories rather than dumping everything into Lazada.
The 20% Lazada rate caps at S$20 of rebate, which you reach at just S$100 of Lazada spend in a month. Everything above that S$100 still counts toward your minimum spend, but it stops earning the headline rate. That single detail is why the 20% banner flatters the card more than the card flatters your wallet.
| Spend category | Rebate rate | Monthly rebate cap | Spend needed to max the cap |
|---|---|---|---|
| Lazada Singapore | 20% | S$20 | S$100 |
| RedMart | 6% | S$20 | S$333 |
| Dining, entertainment, transport | 5% | S$25 | S$500 |
| All other spend | 0.3% | S$25 | S$8,333 |
| Maximum total per month | n/a | S$90 | n/a |
Update, 13 October 2026: UOB has moved the S$700 minimum spend from 1 September 2026 to 1 February 2027, and the new terms also cut the Lazada rate to 15% and RedMart to 2%. No rebate is paid unless your total card spend reaches the monthly minimum. From 1 September 2024 to 31 January 2027 that minimum is S$500 in a calendar month. From 1 February 2027, UOB raises it to S$700, pays 15% on Lazada and 2% on RedMart, and puts the two under one combined S$20 cap rather than two separate S$20 caps. UOB's list of changes from that date does not touch the other two caps, so if they stay at S$25 each the monthly ceiling falls from S$90 to S$70. If you only buy from Lazada occasionally, missing the minimum means you earn precisely nothing that month.
UOB counts spend by the date a transaction is charged to the card, but only if it has posted to UOB's system by the time UOB works out the month, and merchants can take a few days to post. Supplementary card spend counts toward the principal cardholder's minimum and caps. Refunds are netted out in the month they land, so a return can quietly drop you below the threshold and wipe the whole month's rebate. Before you chase the rate, it is worth checking whether your everyday spending even clears the bar, the way you would map your monthly budget first.
Update, 4 November 2026: the Apple AirPods 4 sign-up gift closed to applications on 31 October 2026, and UOB had not posted a new gift when we checked its offers page today. The card page still gives S$30 of Lazada vouchers for adding the card in the Lazada app before 31 January 2027. The principal annual fee is S$196.20, waived for the first year. The first supplementary card is free; each additional supplementary card costs S$98.10. There is no published auto-waiver on the second year onward, so you may need to call UOB to request one, the same drill covered in our guide to getting a UOB annual fee waived.
Income and age requirements follow UOB's standard cashback-card line. UOB adds a 3.25% administrative fee to every foreign-currency transaction, and a 1% fee to Singapore-dollar transactions processed outside Singapore. Our guide to a low-FX UOB card covers overseas spend.
The honest competitor is not another shopping card, it is a flat-rate cashback card. The UOB Absolute Cashback pays 1.7% on almost everything with no minimum spend and no category games, which beats the Lazada-UOB card on every dollar that earns 0.3% here, including spend past the category caps. The Lazada-UOB card only wins if a real chunk of your monthly spend is genuinely on Lazada and RedMart.
Run a representative month. Spend S$100 on Lazada, S$333 on RedMart and S$500 on dining and transport, S$933 in all, and you max three caps for about S$65 back, plus 0.3% on anything else you put on the card. A flat 1.7% card would pay about S$16 on that S$933, so it pays less on those three slices but more on everything outside them. The deciding factor is how Lazada-heavy you are. For the wider field, see our roundup of the best cashback cards in Singapore.
| Card | Best for | Top rate | Minimum spend | Annual fee |
|---|---|---|---|---|
| Lazada-UOB Card | Heavy Lazada and RedMart shoppers | 20% Lazada / 6% RedMart | S$500 (S$700 from Feb 2027) | S$196.20 (1st yr waived) |
| UOB Absolute Cashback | Flat-rate everything | 1.7% on almost all spend | None | S$196.20 (1st yr waived) |
| UOB One Card | Bills, groceries, transport | Up to ~3.33% tiered | S$600 a month, 3 months running | S$196.20 (1st yr waived) |
The card pays the most for one spending pattern: around S$100 a month on Lazada, a few hundred on RedMart groceries, and enough dining and transport to clear the monthly minimum anyway. Until 31 January 2027 that pattern returns about S$65 a month in Lazada credit, plus 0.3% on anything else on the card, for spending that was happening regardless.
It works against you if you shop on Lazada sporadically, if your spend never reaches S$500 (S$700 from February 2027), or if you want flexible cashback rather than Lazada-locked credits. Treat the 20% as a S$20 cap, not a multiplier on your basket, and the decision gets simple. New to credit cards entirely? Our first credit card application guide covers the basics before you commit.
Yes, the 20% rate on Lazada Singapore spend is genuine, but it is capped at S$20 of rebate per month, which you hit at just S$100 of Lazada spend. Beyond that, Lazada purchases earn no extra rebate, so the practical ceiling on the whole card is S$90 a month across all categories until 31 January 2027. From 1 February 2027 Lazada and RedMart share one S$20 cap, which brings the ceiling to S$70 if the other two caps stay at S$25.
You need at least S$500 of total card spend in a calendar month to earn any rebate, valid until 31 January 2027. From 1 February 2027 the minimum rises to S$700 per month, Lazada drops to 15% and RedMart to 2%, and the two share one combined S$20 cap. Miss the minimum and no rebate is paid for that month.
Rebates are credited as Lazada Gift Card credits into the principal cardholder's Lazada account by the 15th of the month after you meet the spend requirement, provided the card has been added as a payment card in your Lazada account. They are not a statement discount or cash, so they only hold value if you keep shopping on Lazada Singapore.
The fees work against it. UOB charges a 3.25% administrative fee on every foreign-currency transaction, more than ten times the 0.3% base rebate, and a 1% fee on Singapore-dollar transactions processed outside Singapore.
This is general financial information for Singapore, not personal financial advice. Figures change, so verify current rates against the official sources above before acting. See our full disclaimer.
Junxiong-WFG Organisation is an authorised representative of AIA Financial Advisers Private Limited (Reg. No. 201715016G).