Revision to Credit Card Prevailing Interest Rate
With effect from 1 June 2023, the prevailing interest rate for computing finance charges applicable to your card account will be revised from 26.9% p.a. to 27.8% p.a. Computation of finance charges reflected in your statement (including charges shown under Important Information to Note) will be based on the revised prevailing interest rate of 27.8% p.a.
Revision to Cash Advance Interest Rate
With effect from 1 June 2023, the effective interest rate for cash advance charges applicable to your card account will be revised from 28% p.a. to 28.5% p.a. Computation of the cash advance charges reflected in your statement (including charges shown under Important Information to Note) will be based on the revised cash advance interest rate of 28.5% p.a.
Revision to UOB Commercial Cards' Annual Fees
With effect from 1 January 2023, UOB Commercial Cards Annual Fees (Credit & Debit Cards) will be adjusted due to the GST rate increase from 7% to 8%.
Amendments to the UOB Business Debit Cardmember Agreement
Updated as at 1 October 2022
Changes to UOB Commercial Cards
Please be informed that with effect from 1 August 2022:
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The foreign currency administrative fee for UOB Business Debit Card will increase from 2.8% to 3% on the amount converted. Please refer to UOB Business Debit Cardmember Agreement for more information.
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Payments to IPAYMY*, RWS-LEVY, SMOOVE PAY, SINGPOST – SAM and Razer Pay will be excluded from the awarding of UOB Commercial Cards Rewards/Cash Rebate for UOB Commercial Cards. Please visit UOB Commercial Solutions (all cards) website for respective UOB Commercial Cards terms and conditions.
Changes to Complimentary Travel Insurance
Please be informed that there will be an update to the complimentary travel insurance policy for UOB Commercial Cards with effect from 1 April 2022. Please visit UOB Commercial Solutions (all cards) website to view the Certificate of Insurance underwritten by United Overseas Insurance Limited.
UOB Corporate Cardmember Agreement
Please refer to below for more information:
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UOB Corporate Cardmember Agreement for Sole Corporate Liability or Joint & Several Liability programmes; and/or
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UOB Corporate Cardmember Agreement (Personal Liability), for Personal Liability programme
UOB Business Debit Cardmember Agreement
Please refer to UOB Business Debit Cardmember Agreement for more information.