Take your carbon footprint to zero
Set your UOB EVOL Card as the default mode of payment for your one-time or recurring SP Utilities bills on the SP app to convert 1%^ of your SP Utilities bill amount into complimentary My Green Credits™ and offset up to 100% of your electricity carbon footprint.
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Illustration A
Offset 100% Electricity Carbon Footprint -
Illustration B
Offset more than 50% Electricity Carbon Footprint
Illustration A Offset 100% Electricity Carbon Footprint |
Illustration B Offset more than 50% Electricity Carbon Footprint |
|
SP Utilities bill amount charged to UOB EVOL Card | S$180 | S$100 |
Value of complimentary My Green Credits™ (based on 1%^ billed amount for electricity) | S$180 *1% = S$1.80 | S$100 * 1% = S$1.00 |
Conversion of complimentary My Green Credits™ into electricity carbon footprint offsets ( at conversion rate of S$0.12 = 25kWh) | (S$1.80 / S$0.12) * 25 kWh = 375 kWh | (S$1.00 / S$0.12) * 25 kWh = 208 kWh |
Based on Year 2022 national average’s electricity consumption of a 4-room HDB flat at 349 kWh monthly | 375 kWh / 349 kWh = 100% | 208 kWh / 349 kWh = 59% |
Conclusion | Your SP Utilities bill of S$180 will earn you enough My Green Credits™ to offset 349kWh electricity carbon footprint – equivalent to offsetting 100% electricity carbon footprint of a 4-room HDB flat. | Your SP Utilities bill of S$100 will earn you My Green Credits™ to offset 208 kWh electricity carbon footprint – equivalent to offsetting 59% electricity carbon footprint of a 4-room HDB flat. |
SP Utilities bill amount charged to UOB EVOL Card |
Value of complimentary My Green Credits™ (based on 1%^ billed amount for electricity) |
Conversion of complimentary My Green Credits™ into electricity carbon footprint offsets ( at conversion rate of S$0.12 = 25kWh) |
Based on Year 2022 national average’s electricity consumption of a 4-room HDB flat at 349 kWh monthly |
Conclusion |
*My Green Credits™ are purchased by UOB at S$0.12 per 25 kWh as at 12 October 2023. These prices are dependent on the REC selling prices offered by each developer to UOB and may change from time to time depending on market factors. The carbon footprint of a 4-room HDB flat is based on Singapore's national average electricity consumption of a 4-room HDB flat per month published by the SP Group (source: www.spgroup.com.sg) for the year 2022 .
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Things you should know
Important Notice
Sales representatives, if any, may be remunerated for the recommendation or sale of this card.
Terms and Conditions
#Estimated savings based on latest in-house analysis undertaken by the product vendor in Feb 2025.
*The first 60 new-to-UOB Credit Cardmembers who successfully apply and obtain approval for a new UOB EVOL Card and register via SMS for the Promotion from 19 June 2025 to 31 July 2025 (both dates inclusive) and took the least total number of days to spend a min. of S$800 per month for the first 2 consecutive months from their card approval date, will be eligible to receive an Apple Watch SE 2nd Gen.
Click here for full terms and conditions
Apply & Pay within minutes is only valid for New-to-Bank applicants who use Myinfo to retrieve personal details and income information, pass all screening steps and income checks. Applications must be submitted from 7am - 8pm. You will be able to receive your physical card 5 working days upon card approval.
1EVOL Card benefits will be enhanced from 19 June 2025: You do not need to meet the min. spend of S$800 per statement month to enjoy 0% FX Fees on all your Overseas Foreign Currency Spend. FX Fees are administrative fees applied on transactions in foreign currencies. Exclusions and other terms and conditions apply.
2EVOL Card benefits will be enhanced from 19 Jun 2025: To enjoy 10% cashback on Selected Gym, Telco, and Streaming Spend, Local Online Spend and Mobile Contactless Spend, a min. spend of S$800 per statement month on your card is required. If the min. spend is not met, only the base 0.3% cashback on Selected Gym, Telco, and Streaming Spend, Local Online Spend and Mobile Contactless Spend will be awarded. Cashback is capped at S$80 per statement month (S$20 cap for Selected Gym, Telco and Streaming Spend; S$30 cap for Local Online and Mobile Contactless Spend; and S$30 on all Other Spend). Exclusions and other terms and conditions apply.
3Enjoy 1% cashback on all your Overseas Foreign Currency Spend till 31 December 2025 (S$20 cap), with a min. spend of S$800 per statement month. Exclusions and other terms & conditions apply.
4Enjoy no annual fees when you make min 3 transactions on your UOB EVOL Card every month for 12 consecutive months prior to your card annual fee charge date.
To minimise disruptions for existing cardmembers, cardmembers with UOB EVOL Cards issued before 19 June 2025 will enjoy the cashback benefits will be updated from their on or after 19 August 2025, please click here for Frequently Asked Questions.
Maximum effective interest rate (EIR) on the One Account is 0.65% p.a. for deposits of S$75,000, provided customers meet criterion of S$500 eligible card spend in each calendar month.
Maximum effective interest rate (EIR) on the One Account is 2.40% p.a. for deposits of S$125,000, provided customers meet both criteria of S$500 eligible card spend AND 3 GIRO debit transactions in each calendar month.
Maximum effective interest rate (EIR) on the One Account is 4.00% p.a. for deposits of S$150,000, provided customers meet both criteria of S$500 eligible card spend AND a min. S$1,600 salary credit via GIRO/PAYNOW (with the transaction reference "SALA"/"PAYNOW SALA") in each calendar month.
With effect from 21 July 2024, transactions with the transaction description “NORWDS*” will be excluded from the awarding of cashback. Please click here for the full terms and conditions.
^You will be given My Green Credits™ valued at 1% of your SP Utilities bill amount. These My Green Credits™ by SP Group are provided to you free of charge, and can offset up to 100% of your electricity carbon footprint. A minimum SP Utilities bill amount of S$100 is required for conversion to My Green Credits™. My Green Credits™ prices are dependent on the REC selling prices offered by each developer to UOB. These prices may change from time to time, depending on market factors. As of 12 October 2023, My Green Credits™ are purchased by UOB at S$0.12 per 25 kWh. Click here for FAQs.
Apply & Pay within minutes is only valid for New-to-Bank applicants who use Myinfo to retrieve personal details and income information, pass all screening steps and income checks. Applications must be submitted from 7am - 8pm. You will be able to receive your physical card 5 working days upon card approval.
Deposit Insurance Scheme
Singapore dollar deposits of non-bank depositors and monies and deposits denominated in Singapore dollars under the Supplementary Retirement Scheme are insured by the Singapore Deposit Insurance Corporation, for up to S$100,000 in aggregate per depositor per Scheme member by law. Monies and deposits denominated in Singapore dollars under the CPF Investment Scheme and CPF Retirement Sum Scheme are aggregated and separately insured up to S$100,000 for each depositor per Scheme member. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.
Please refer to UOB Insured Deposit Register for a list of UOB accounts / products that are covered under the Scheme.