Are you looking for the best OCBC credit card to suit your lifestyle and financial needs? With so many options available, it can be challenging to decide which one is right for you. In this article, we’ll provide an overview of the best OCBC credit cards in Singapore and help you choose the one that best meets your requirements.
OCBC is one of the leading financial institutions in Singapore, offering a range of credit cards to suit different lifestyles and spending habits. Whether you’re a frequent traveller, a shopaholic, or someone who wants to earn cashback on everyday purchases, there’s an OCBC credit card that’s perfect for you. In this guide, we’ll take a closer look at the key features of the most popular OCBC credit cards and help you decide which one to choose.
Key Takeaways
- Choosing the right OCBC credit card can help you maximise your benefits and save money.
- Popular OCBC credit cards offer different features and benefits to suit different lifestyles and spending habits.
- Understanding fees, charges, and eligibility criteria is crucial before applying for an OCBC credit card.
OCBC Credit Card Overview
Are you looking for a credit card that offers rewards, cashback, and other perks? Look no further than OCBC credit cards in Singapore. With a variety of options to choose from, there is an OCBC credit card that is perfect for you.
OCBC credit cards offer a range of benefits, including cashback rewards, air miles, and discounts on dining and shopping. They also offer low-interest rates, annual fee waivers, and easy online application processes.
One of the most popular OCBC credit cards is the OCBC 365 Credit Card. With this card, you can earn up to 6% cashback on dining and food delivery, and up to 3% cashback on groceries. It also offers discounts on petrol and other essentials. Another popular option is the OCBC Titanium Rewards Card, which offers rewards points for every dollar spent on shopping.
If you are a frequent traveller, the OCBC Voyage Card may be the perfect fit for you. This card offers air miles for every dollar spent, and comes with a range of travel perks, including airport lounge access and travel insurance.
Overall, OCBC credit cards offer a range of benefits and rewards that can help you save money and earn rewards. With so many options to choose from, be sure to compare the different cards to find the one that is right for you.
Deciding on the Right OCBC Credit Card
Choosing the right OCBC credit card can be a daunting task, but understanding your spending habits and the benefits and rewards of each card can help you make an informed decision. In this guide, we’ll take a closer look at the factors that you should consider when choosing an OCBC credit card.
Understanding Your Spending Habits
Before applying for an OCBC credit card, it’s important to evaluate your spending habits. Are you someone who dines out frequently or shops online? Do you spend a lot on groceries or travel? Knowing your spending patterns can help you choose a card that offers the most benefits and rewards for your lifestyle.
OCBC Card Benefits and Rewards
OCBC offers a range of credit cards that cater to different needs, from the OCBC 365 card that offers cashback on dining and groceries to the OCBC Titanium card that rewards you for shopping and online spending. Each card comes with its own set of benefits and rewards, such as cash rebates, savings, miles, and airport lounge access.
Comparing OCBC Cards with Competitors
While OCBC offers a variety of credit cards, it’s important to compare them with competitors such as UOB, DBS, and Standard Chartered. Some of the factors to consider when comparing cards include annual fees, air miles, cash rebates, balance transfer options, and promotions.
In conclusion, choosing the right OCBC credit card requires careful consideration of your spending habits and the benefits and rewards of each card. By doing your research and comparing cards with competitors, you can find a card that offers the most value for your lifestyle.
Key Features of Popular OCBC Credit Cards
If you’re looking for a credit card in Singapore, you can’t go wrong with OCBC. They offer a range of credit cards to suit different lifestyles, needs and budgets. Here are some of the key features of popular OCBC credit cards:
OCBC 365 Credit Card
If you’re looking for a credit card that offers cashback on your everyday spending, the OCBC 365 Credit Card is a great choice. You can earn up to 6% cashback on dining, 3% cashback on groceries, transport and utilities, and 5% cashback on petrol. Plus, you can get up to 23% fuel savings at Caltex and Esso stations.
To be eligible for this card, you need to have an annual income of at least £30,000 and be at least 21 years old. The minimum spend required to earn cashback is £800 per month, and the cashback is capped at £80 per month.
OCBC Titanium Rewards Card
If you love shopping, the OCBC Titanium Rewards Card is the perfect card for you. You can earn 10X OCBC$ (or 4 miles) for every £1 spent on fashion, electronics, online and retail shopping, and more. You can redeem your OCBC$ for vouchers, miles, or cash rebates.
To be eligible for this card, you need to have an annual income of at least £30,000 and be at least 21 years old. There is no minimum spend required to earn rewards, and the rewards have no expiry date.
OCBC Frank Credit Card
If you’re a millennial or Gen Z, the OCBC Frank Credit Card is designed for you. You can earn up to 6% cashback on online shopping, entertainment, and streaming services, as well as ride-hailing services like Grab and Gojek. Plus, you can get up to 5% cashback on weekend dining.
To be eligible for this card, you need to have an annual income of at least £18,000 and be at least 21 years old. The minimum spend required to earn cashback is £400 per month, and the cashback is capped at £60 per month.
OCBC Voyage Card
If you’re a frequent traveller, the OCBC Voyage Card is the perfect card for you. You can earn miles for every £1 spent, and redeem them for flights, hotel stays, and other travel perks. Plus, you can enjoy complimentary airport lounge access, travel insurance, and a 24-hour concierge service.
To be eligible for this card, you need to have an annual income of at least £120,000 and be at least 21 years old. There is no minimum spend required to earn miles, and the miles have no expiry date.
OCBC 90°N Card
If you’re a fan of online shopping, the OCBC 90°N Card is the perfect card for you. You can earn air miles for every £1 spent online, as well as for dining and foreign currency transactions. Plus, you can enjoy exclusive shopping and dining privileges in Singapore and overseas.
To be eligible for this card, you need to have an annual income of at least £30,000 and be at least 21 years old. The minimum spend required to earn miles is £1,000 per month, and the miles have no expiry date.
OCBC Great Eastern Cashflo Credit Card
If you’re looking for a credit card that offers cashback and instalment payment plans, the OCBC Great Eastern Cashflo Credit Card is a great choice. You can earn up to 1% cashback on your spending, and enjoy interest-free instalment plans for your insurance premiums, hospital bills, and more.
To be eligible for this card, you need to have an annual income of at least £30,000 and be at least 21 years old. The cashback is capped at £60 per month, and there is no minimum spend required to earn cashback.
Maximising Card Benefits
To get the most out of your OCBC credit card, it’s important to maximise the benefits that come with it. Here are some tips to help you do just that:
Meeting Minimum Spend Requirements
Some OCBC credit cards come with minimum spend requirements to qualify for certain rewards or cashback. To meet these requirements, consider using your card for everyday expenses such as groceries, dining, and bills payment. You can also pay for big-ticket items such as electronics or travel bookings using your credit card to help you reach the minimum spend requirement.
Leveraging Promotions and Partnerships
OCBC credit cards often come with promotions and partnerships with various merchants, such as Lazada, Shopee, Amazon, Qoo10, and Agoda. Be sure to keep an eye out for these promotions and take advantage of them when you can. You can also check out the OCBC website or mobile app for the latest promotions and deals.
Utilising App Features and Online Management
The OCBC mobile app allows you to manage your credit card account easily and conveniently. You can check your balance, view your transactions, and pay your credit card bill all in one place. You can also set up alerts and notifications to help you keep track of your spending and avoid overspending. Additionally, you can use the app to redeem rewards and cashback, making it a convenient way to maximise your card benefits.
By following these tips, you can make the most of your OCBC credit card and enjoy the rewards, cashback, and savings that come with it.
Understanding Fees and Charges
When it comes to choosing a credit card, fees and charges are important factors to consider. In this section, we will discuss the fees and charges associated with OCBC credit cards.
Annual Fees and Waivers
Annual fees are the charges that credit card issuers levy on cardholders for the privilege of using their credit cards. OCBC credit cards come with varying annual fees, ranging from SGD 80 to SGD 192.60. However, some OCBC credit cards offer annual fee waivers for the first year or for the first two years. For example, the OCBC 365 Credit Card offers an annual fee waiver for the first two years.
Interest Rates and Charges
Interest rates are the charges that credit card issuers levy on cardholders who do not pay their outstanding balances in full each month. OCBC credit cards come with interest rates ranging from 25.92% p.a. to 28.92% p.a. It is important to note that interest charges are levied on the outstanding balance, including any fees and charges.
Foreign Transaction Fees
Foreign transaction fees are the charges that credit card issuers levy on cardholders for transactions made in foreign currencies. OCBC credit cards come with foreign transaction fees ranging from 1.8% to 2.8% of the transaction amount. It is important to note that OCBC credit cards come with a mid-market exchange rate, which is the rate at which banks buy and sell currencies in the wholesale market. This means that you get a fair exchange rate when you use your OCBC credit card for transactions in foreign currencies.
In summary, when choosing an OCBC credit card, it is important to consider the fees and charges associated with the card. Look for cards that offer annual fee waivers, low interest rates, and fair foreign transaction fees. With the right card, you can enjoy the benefits of a credit card without breaking the bank.
Application Process and Eligibility
Are you looking to apply for an OCBC credit card in Singapore? Here is a guide to help you understand the eligibility criteria, application steps, credit limit, and card activation process.
Eligibility Criteria
Before applying for an OCBC credit card, you must meet certain eligibility criteria. You must be at least 21 years old and have a minimum income of SGD 30,000 per annum. If you are a foreigner, you must have a minimum income of SGD 45,000 per annum. Additionally, you must have a savings account with OCBC bank, and your credit history should be in good standing.
Application Steps
To apply for an OCBC credit card, you can visit the OCBC website or visit any of their branches. You can also apply through SingPass and MyInfo if you are a Singaporean or PR. If you are a foreigner, you will need to complete an online form, and OCBC will get in touch with you within five days to update you on your application status.
When applying for an OCBC credit card, you will need to provide your personal information, employment details, and income information. You will also need to submit supporting documents such as your NRIC/passport, latest payslip, and CPF statement.
Credit Limit and Card Activation
Once your application is approved, you will be assigned a credit limit based on your income and credit score. You can activate your credit card by following the instructions provided by OCBC. You can activate your card through the OCBC mobile app or by calling their customer service hotline.
In conclusion, applying for an OCBC credit card is a straightforward process. Make sure you meet the eligibility criteria, provide accurate information during the application process, and activate your card once you receive it. With a wide range of OCBC credit cards to choose from, you can find the one that best suits your needs and lifestyle.
Lifestyle Perks and Exclusives
When choosing a credit card, it’s not just about the cashback or rewards. Lifestyle perks and exclusive benefits can add significant value to your card and enhance your overall experience. OCBC credit cards offer a range of lifestyle perks and exclusives that cater to different needs and preferences. Here are some of the benefits you can enjoy:
Travel and Leisure Benefits
If you love to travel, OCBC credit cards offer a range of benefits to make your journey more enjoyable. For example, the OCBC VOYAGE Card offers exclusive access to over 1,000 airport lounges worldwide through the Mastercard Airport Experiences program. You can also enjoy complimentary travel insurance coverage of up to S$1.5 million when you charge your travel expenses to your card.
Dining and Entertainment Offers
OCBC credit cards offer a range of dining and entertainment offers that can help you save money while enjoying your favourite activities. For example, the OCBC 365 Card offers up to 6% cashback on dining, including online food delivery services. You can also enjoy discounts and promotions at selected restaurants and entertainment venues with your OCBC credit card.
Shopping and Retail Rewards
If you love shopping, OCBC credit cards offer a range of rewards that can help you save money and earn points. For example, the OCBC Titanium Rewards Card offers 4 miles per S$1 spent on fashion and select retail categories, including online and e-commerce platforms. You can also enjoy discounts and promotions at selected retail outlets with your OCBC credit card.
Automotive and Transport Services
OCBC credit cards also offer benefits for automotive and transport services. For example, the OCBC 365 Card offers up to 23% fuel savings at selected petrol stations and up to 5% cashback on petrol purchases. You can also enjoy discounts and promotions on ride-hailing services and electric vehicle charging with your OCBC credit card.
Overall, OCBC credit cards offer a range of lifestyle perks and exclusives that cater to different needs and preferences. Whether you’re a frequent traveller, a foodie, a shopaholic, or a petrolhead, there’s an OCBC credit card that can help you enjoy your favourite activities and save money at the same time.
Frequently Asked Questions
What perks can I expect with an OCBC 365 Credit Card?
If you are looking for a credit card that offers cashback on daily expenses, then the OCBC 365 Credit Card is a great option for you. With this card, you can earn up to 6% cashback on dining, online food delivery, and petrol. Additionally, you can get up to 3% cashback on groceries, recurring telco bills, and online travel bookings.
How can I qualify for an OCBC Credit Card as a non-Singaporean?
If you are a foreigner, you can apply for an OCBC Credit Card if you have a valid work permit or employment pass. You will need to meet the minimum income requirement, which varies depending on the card you are applying for. You will also need to provide your passport and employment pass details along with other supporting documents.
What are the latest promotions available with OCBC Credit Cards?
OCBC Credit Cards come with a range of promotions that change periodically. You can check the OCBC website or the bank’s social media pages to stay updated on the latest promotions. Currently, the bank is offering cashback on dining, shopping, and travel bookings, as well as discounts on online shopping and hotel bookings.
What’s the minimum income requirement to apply for an OCBC Credit Card?
The minimum income requirement for OCBC Credit Cards varies depending on the card you are applying for. The lowest minimum income requirement is S$30,000 per annum for the OCBC 365 Credit Card, while the highest is S$120,000 per annum for the OCBC Premier Voyage Card.
How soon will I know if my OCBC Credit Card application is successful?
Once you have submitted your application, the bank will take about 7-14 working days to process it. You will receive an SMS notification once your application is approved. If you do not receive any notification within the stipulated time, you can check the status of your application by calling the bank’s customer service hotline.
What are the benefits of having the OCBC BEST Denki Credit Card?
The OCBC BEST Denki Credit Card is designed for shoppers who frequent BEST Denki stores. With this card, you can earn up to 3% BEST Denki Dollars on your purchases. You can also enjoy exclusive discounts and promotions at BEST Denki stores. Additionally, you can earn up to 0.3% cashback on all other purchases made with the card.
