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, 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 September 2026 that bar rises to S$700. 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 (current 1 September 2024 to 31 August 2026), 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 | — | S$90 | — |
No rebate is paid unless your total card spend reaches the monthly minimum. From 1 September 2024 to 31 August 2026 that minimum is S$500 in a calendar month. From 1 September 2026, UOB raises it to S$700, and the Lazada and RedMart tiers get merged into a single combined S$20 cap rather than two separate S$20 caps. 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 posts to its system, not the date you tapped. 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.
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. Foreign-currency transactions carry the usual UOB load: a 3.25% administrative fee plus a 1% network processing charge, so this is a home-spend card, not a travel card. If overseas spend is your priority, a low-FX UOB card fits better.
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 any non-Lazada dollar. 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, S$500 on dining and transport, and the rest on groceries and bills to clear S$500 total, and you max three caps for roughly S$65 to S$90 back. A flat 1.7% card on the same S$1,000-plus would return less per dollar on the Lazada and RedMart slices but more on the long tail. 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 Sep 2026) | 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$500 over 3 months | S$196.20 (1st yr waived) |
This card pays off for one specific shopper: someone who reliably spends around S$100 a month on Lazada and a few hundred on RedMart groceries, and who clears the monthly minimum anyway through dining and transport. For that person, S$60 to S$90 of monthly Lazada credit is close to free money against spending they were doing regardless.
It works against you if you shop on Lazada sporadically, if your spend never reaches S$500 (S$700 from September 2026), 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.
You need at least S$500 of total card spend in a calendar month to earn any rebate, valid until 31 August 2026. From 1 September 2026 the minimum rises to S$700 per month, and the Lazada and RedMart tiers merge under 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. They are not a statement discount or cash, so they only hold value if you keep shopping on Lazada Singapore.
No. Foreign-currency transactions attract a 3.25% UOB administrative fee plus a roughly 1% network processing charge, totalling over 4%. That wipes out the modest 0.3% base rebate, so a dedicated low-FX or miles card is far better for travel and overseas online stores.
This is general financial information for Singapore, not personal financial advice. Figures change — verify current rates against the official sources above before acting. See our full disclaimer.