If you’re looking for a credit card that offers cashback on your everyday spending, the OCBC 365 Credit Card could be the right choice for you. This credit card is designed to help you save money while you spend, with a range of benefits and perks that can help you maximise your cashback rewards. In this article, we’ll take a closer look at everything you need to know about the OCBC 365 Credit Card in Singapore.
The OCBC 365 Credit Card offers a range of key features that make it an attractive choice for many Singaporeans. Some of the main benefits of this card include cashback rewards on dining, groceries, petrol, and online shopping, as well as a range of travel and overseas perks. With a low annual fee and competitive interest rates, the OCBC 365 Credit Card is a great option for anyone looking to save money on their everyday spending.
Key Takeaways
- The OCBC 365 Credit Card offers cashback rewards on dining, groceries, petrol, and online shopping.
- This card also comes with a range of travel and overseas perks.
- With a low annual fee and competitive interest rates, the OCBC 365 Credit Card is a great option for anyone looking to save money on their everyday spending.
Key Features of OCBC 365 Credit Card
If you’re looking for a credit card that offers cashback on your everyday expenses, the OCBC 365 Credit Card could be the one for you. Here are some of its key features:
Cashback Rewards
The OCBC 365 Credit Card offers cashback on a range of everyday expenses, including dining, groceries, petrol, and online travel bookings. Here’s a breakdown of the cashback rates:
- 6% cashback on fuel spend at all petrol service stations locally and overseas
- 5% cashback on dining (including local, overseas and online food delivery)
- 3% cashback on groceries, land transport, online travel, recurring telco and electricity bills
- 0.3% cashback on everything else
There is no minimum spend required to earn cashback, and there is no cap on the amount of cashback you can earn.
Annual Fee and Waivers
The OCBC 365 Credit Card has an annual fee of S$192.60, which is waived for the first two years. To continue enjoying the annual fee waiver, you’ll need to spend at least S$10,000 per year on your card.
Eligibility and Application Process
To be eligible for the OCBC 365 Credit Card, you must be at least 21 years old and have an annual income of at least S$30,000. You’ll also need to provide your NRIC or passport, your latest payslip, and your Income Tax Notice of Assessment if you’re self-employed.
You can apply for the OCBC 365 Credit Card online, and the application process is straightforward. If you have MyInfo, you can use it to pre-fill your application form and skip the need to provide supporting documents.
Overall, the OCBC 365 Credit Card is a great option if you’re looking for a credit card that offers cashback on your everyday expenses. With its generous cashback rates and no minimum spend requirement, it’s a card that can help you save money on your daily expenses.
Everyday Spending Benefits
If you’re someone who spends regularly on dining, groceries, transport, fuel, and utilities, the OCBC 365 Credit Card is a great choice for you. With this card, you can earn cashback on a wide range of everyday spend categories. Here are the details of the everyday spending benefits you can enjoy with the OCBC 365 Credit Card.
Dining and Food Delivery
When you dine out or order food delivery, you can earn up to 5% cashback on your total bill with the OCBC 365 Credit Card. This includes local dining and online food delivery services like GrabFood and Foodpanda. So, whether you’re grabbing a quick bite or having a fancy dinner, you can save money while satisfying your taste buds.
Groceries and Supermarkets
The OCBC 365 Credit Card also offers cashback on your grocery shopping. You can earn up to 3% cashback on your supermarket purchases, including online grocery delivery services like RedMart. So, whether you’re stocking up on essentials or trying out new recipes, you can earn cashback on your grocery bills.
Transport and Fuel
The OCBC 365 Credit Card offers some of the best fuel savings in Singapore. You can enjoy up to 22.92% fuel savings at Caltex (18% instant discount + 6% cashback on all fuel spend) and up to 20.2% fuel savings at Esso (up to 18.3% instant discount + 2.9% Smiles Points). You can also earn up to 3% cashback on your public transport rides, including bus and train rides, and private hire rides like Grab and taxis. Plus, you can enjoy the convenience of SimplyGo and pay for your rides with your OCBC 365 Credit Card.
Utilities and Recurring Bills
The OCBC 365 Credit Card also rewards you for paying your recurring utility bills and telco bills. You can earn up to 3% cashback on your recurring telco bills and up to 3% cashback on your recurring utility bills, including electricity and water bills. So, you can save money while staying connected and keeping the lights on.
Overall, the OCBC 365 Credit Card offers a wide range of everyday spending benefits that can help you save money on your daily expenses. Whether you’re dining out, grocery shopping, or paying your bills, this card can help you earn cashback and enjoy great savings.
Travel and Overseas Perks
Are you a frequent traveller? Then you will love the travel and overseas perks that come with the OCBC 365 Credit Card Singapore. Here are some of the benefits that you can enjoy:
Foreign Currency Spend
With the OCBC 365 Credit Card Singapore, you can enjoy hassle-free payments when you spend overseas or online in up to 10 major currencies. This means that you won’t have to worry about foreign currency transaction fees or the hassle of converting your money.
Travel Insurance Benefits
When you use your OCBC 365 Credit Card to book your travel, you can enjoy complimentary travel insurance that covers you for up to S$500,000. This includes coverage for medical expenses, trip cancellation, and flight delay. You will also get access to a 24-hour emergency overseas assistance service.
Overseas Spend Rewards
When you use your OCBC 365 Credit Card to make overseas spend, you can earn up to 6% cashback. This includes spending on dining, petrol, and groceries. You can also enjoy exclusive rates on hotels, flights, and car rentals when you book through the OCBC Travel Marketplace.
Overall, the OCBC 365 Credit Card Singapore is an excellent choice for frequent travellers who want to enjoy travel and overseas perks while earning cashback on their spend. So, what are you waiting for? Apply for your OCBC 365 Credit Card Singapore today and start enjoying these amazing benefits!
Additional Benefits and Services
If you are looking for a credit card that offers more than just cashback rewards, the OCBC 365 Credit Card is the perfect choice for you. In addition to the cashback rewards, this credit card offers a range of exclusive benefits and services that can help you save money and enjoy a more convenient lifestyle.
Exclusive Promotions
As an OCBC 365 Credit Cardholder, you can enjoy exclusive promotions and discounts on a wide range of products and services. From shopping and dining to travel and entertainment, there are plenty of promotions available to help you save money on your everyday expenses.
For example, you can enjoy up to 50% off dining at selected restaurants, or get discounts on movie tickets and theme park admission. You can also get cashback on your online shopping purchases, or enjoy free delivery on your groceries.
Comprehensive Insurance Coverage
The OCBC 365 Credit Card also offers comprehensive insurance coverage to help you protect yourself and your family. With this credit card, you can get coverage for medical expenses, personal accidents, travel inconveniences, and more.
For example, you can get up to $500,000 in coverage for medical expenses, and up to $1,000,000 in coverage for personal accidents. You can also get coverage for travel inconveniences such as flight delays and baggage loss.
Lifestyle Rewards
In addition to the cashback rewards and exclusive promotions, the OCBC 365 Credit Card also offers a range of lifestyle rewards that can help you enjoy a more convenient and enjoyable lifestyle.
For example, you can get discounts on your gym membership or enjoy free access to selected fitness centres. You can also get discounts on your streaming subscriptions or enjoy free movie tickets. If you own an electric vehicle, you can also enjoy discounts on your charging fees.
Overall, the OCBC 365 Credit Card is a great choice for anyone who is looking for a credit card that offers more than just cashback rewards. With its exclusive promotions, comprehensive insurance coverage, and lifestyle rewards, this credit card can help you save money and enjoy a more convenient and enjoyable lifestyle.
Understanding Fees and Charges
If you are considering applying for the OCBC 365 Credit Card, it is important to understand the fees and charges associated with the card. This will help you make an informed decision and avoid any surprises down the line.
Interest Rates and Penalties
The interest rate for the OCBC 365 Credit Card is 26.88% per annum. This is a relatively high rate, so it is important to pay off your balance in full each month to avoid accumulating interest charges.
If you miss a payment or make a late payment, you will be charged a late payment fee of £25. Additionally, you will be charged interest on the outstanding balance at the prevailing rate.
Cash Advance and Transaction Fees
If you need to withdraw cash using your OCBC 365 Credit Card, you will be charged a cash advance transaction fee of 6% of the amount withdrawn or S$15, whichever is greater. This fee is in addition to the interest charged on the amount withdrawn.
There are also transaction fees associated with using your card for certain types of transactions. For example, if you make a payment to a merchant outside of Singapore, you will be charged a foreign currency transaction fee of 1.8% of the transaction amount.
To avoid unnecessary fees and charges, it is important to read the terms and conditions carefully and use your card responsibly. By doing so, you can enjoy the benefits of the OCBC 365 Credit Card without incurring unnecessary costs.
Cashback Maximisation Strategies
If you’re looking to maximize your cashback rewards with the OCBC 365 Credit Card, there are a few strategies you can use. Here are some tips to help you get the most out of your card:
Meeting Minimum Spend Requirements
To earn cashback rewards with your OCBC 365 Credit Card, you’ll need to meet the minimum spend requirements. Currently, you can earn up to S$160 cashback when you spend a minimum of S$1,600 or up to S$80 cashback when you spend a minimum of S$800. To meet these requirements, consider using your card for everyday purchases like groceries, dining, and transportation.
Maximising Specific Category Rewards
The OCBC 365 Credit Card offers cashback rewards on specific categories, including dining, groceries, and land transport. To maximise your rewards, use your card for purchases in these categories. For example, you can earn 6% cashback on dining transactions, 3% cashback on groceries transactions, and 3% cashback on land transport transactions.
Leveraging Fuel Spend and Savings
One of the unique features of the OCBC 365 Credit Card is its fuel savings program. You can enjoy up to 22.92% fuel savings at Caltex (18% instant discount + 6% cashback on all fuel spend). Additionally, you can earn 5% cashback for all nett petrol amount spend at other petrol stations. To take advantage of these savings, use your card for fuel purchases.
Overall, the OCBC 365 Credit Card is a great option if you’re looking to earn cashback rewards on everyday purchases. By following these cashback maximisation strategies, you can earn the maximum cashback and cash rebates possible with your card.
Managing Your OCBC 365 Account
If you have an OCBC 365 Credit Card, managing your account is easy and convenient. You can do it through online banking or the mobile app.
Online Banking and Mobile App
With OCBC’s online banking and mobile app, you can manage your account anytime, anywhere. You can view your transactions, check your balance, and pay your bills. You can also set up alerts to keep track of your spending and avoid overspending.
The mobile app is especially useful when you’re on the go. You can use it to check your account balance, view your transactions, and make payments. You can also use it to locate OCBC ATMs and branches.
Customer Support and Services
If you have any questions or concerns about your OCBC 365 Credit Card, you can contact customer support. You can call the hotline, send an email, or visit a branch.
OCBC also offers a range of services to help you manage your account. You can use the Instalment Payment Plan to spread out your payments over a period of time. You can also use the PayLite Plan to convert your big-ticket purchases into smaller, more manageable payments.
If you’re an online travel enthusiast, you’ll be pleased to know that you can earn cashback on your travel bookings. You can also enjoy discounts and cashback on your land transport expenses, including taxi rides and Grab rides.
If you’re an EV driver, you’ll be happy to know that you can enjoy cashback on your EV charging expenses. You can also earn cashback on your investments and insurance premiums.
Remember to make your minimum monthly payment on time to avoid late payment fees and interest charges. You can set up a GIRO arrangement to ensure that your payments are made on time every month.
Overall, managing your OCBC 365 Credit Card account is easy and hassle-free. With online banking, the mobile app, and customer support, you can stay on top of your finances and enjoy the benefits of your card.
Final Thoughts on OCBC 365 Credit Card
Congratulations! You are now equipped with all the information you need to know about the OCBC 365 Credit Card in Singapore. As a working adult, you must be excited to start earning cashback on your daily expenses such as dining, groceries, and petrol.
With the OCBC 365 Credit Card, you can enjoy up to 6% cashback on dining, 3% on online travel bookings, and 5% on petrol. You can also earn 3% cashback on groceries and recurring telco bills.
Foreigners can also apply for the OCBC 365 Credit Card as long as they meet the eligibility criteria. However, do note that the cashback rates may differ for foreigners.
Overall, the OCBC 365 Credit Card is a great option for those who want to earn cashback on their daily expenses. With its comprehensive cash rebates, you can save money all year round.
If you are interested in applying for the OCBC 365 Credit Card, you can do so online or at any OCBC branch. Remember to read the terms and conditions carefully before applying.
In conclusion, the OCBC 365 Credit Card is a great option for those who want to earn cashback on their daily expenses in Singapore. Apply now and start saving money today!
Frequently Asked Questions
What fabulous benefits can one enjoy with the OCBC 365 Credit Card?
The OCBC 365 Credit Card is an all-in-one card that offers a wide range of benefits. You can enjoy up to 6% cashback on dining, 3% cashback on online shopping, groceries, and recurring telco bills, and 5% cashback on fuel at all petrol stations. Additionally, you can get up to 22.92% fuel savings at Caltex and enjoy exclusive deals and discounts at over 1,000 outlets in Singapore.
How does the cashback system work on the OCBC 365 Credit Card?
The cashback system on the OCBC 365 Credit Card is straightforward. You earn cashback for eligible transactions made using your card. The cashback is credited to your account on a monthly basis and there is no minimum spend required to earn cashback. However, do note that there is a cap on the cashback you can earn per month.
Are there any current promotions exclusive to OCBC 365 Credit Card holders?
Yes, there are exclusive promotions for OCBC 365 Credit Card holders. For example, you can enjoy up to S$200 cashback when you apply for the card online and spend a minimum of S$1,200 within the first three months of card approval. Additionally, there are various dining, travel, and shopping deals available exclusively for OCBC 365 Credit Card holders.
What’s the minimum spend required to maximise rewards on the OCBC 365 Credit Card?
There is no minimum spend required to maximise rewards on the OCBC 365 Credit Card. However, do note that there is a cap on the cashback you can earn per month. To maximise your rewards, you can plan your spending and make use of the exclusive deals and promotions available to OCBC 365 Credit Card holders.
Could you enlighten me on the eligibility criteria, such as minimum salary, for the OCBC 365 Credit Card?
To be eligible for the OCBC 365 Credit Card, you must be at least 21 years old and have a minimum annual income of S$30,000 for Singaporeans and Permanent Residents, or S$45,000 for foreigners. Additionally, you must have a good credit score and meet the other eligibility criteria set by OCBC Bank.
Where can I find the terms and conditions for using the OCBC 365 Credit Card?
You can find the terms and conditions for using the OCBC 365 Credit Card on the OCBC Bank website or by contacting OCBC Bank directly. It is important to read and understand the terms and conditions before using your card to avoid any misunderstandings or issues.
