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.
-
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
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Terms and Conditions
#Estimated savings based on latest in-house analysis undertaken by the product vendor in Feb 2025.
1EVOL Card benefits will be enhanced from 7 June 2024: To enjoy 10% cashback on online, mobile and overseas in-store FX 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 your online, mobile contactless and overseas in-store FX spend will be awarded. Cashback is capped at S$80 per statement month (S$30 cap for Online and Mobile Contactless; S$20 cap for overseas in-store FX spend; and S$30 on all other Spend). Exclusions and other terms and conditions apply.
Please take note that overseas in-store FX spend would have to be made using your physical card.
To minimize disruptions for existing UOB EVOL Cards issued before 7 June 2024, the existing cardmembers can enjoy the enhanced benefits from the next statement cycle from 7 August 2024, please click here for Frequently Asked Questions.
2Enjoy 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.
3The maximum annual interest for deposits of S$150,000 in the One Account is S$6,000 and is calculated based on the maximum effective interest rate (EIR) of 4.00% p.a., 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.
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.
W.e.f. 1 October 2024, transactions with the transaction description “AMAZE*” and Merchant Category Codes 5965 Direct marketing –Combination Catalog and Retail Merchants, 5993 Cigar Stores and Stands, 8699 Organizations, Membership-Not Elsewhere Classified (Labor Union) and 8999 Professional Services (Not Elsewhere Classified) will be excluded from the awarding of cashback. 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.
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