If you’re looking to get a credit card in Singapore, you’re in luck. There are many options available to you, including those from OCBC Bank. With so many credit cards to choose from, it can be difficult to know which one is right for you. In this article, we’ll take a closer look at OCBC credit cards and compare them to other credit cards in Singapore, so you can make an informed decision.
OCBC Bank is one of the largest banks in Singapore, and they offer a wide range of credit cards to suit different lifestyles and needs. From cashback and rewards cards to air miles and petrol cards, there’s something for everyone. But how do these cards compare to credit cards from other banks in Singapore? In this article, we’ll compare the features, benefits, and fees of OCBC credit cards with those of other banks, so you can see how they stack up.
Key Takeaways
- OCBC Bank offers a range of credit cards to suit different lifestyles and needs in Singapore.
- Comparing OCBC credit cards to those of other banks will help you make an informed decision.
- By considering factors such as eligibility, fees, rewards, and additional features, you can find the best credit card for your needs.
OCBC Credit Card Overview
If you’re looking for a credit card in Singapore, you’ll find that OCBC offers a wide range of credit cards with different features and benefits. Here’s an overview of what you can expect from an OCBC credit card:
Key Features and Benefits
OCBC credit cards come with a variety of features and benefits, including rewards, cashback, and miles. Depending on the card you choose, you can earn rewards points that can be redeemed for vouchers, cash rebates, or air miles. Some cards also offer cashback on your purchases, while others are designed specifically for frequent travellers.
One of the most popular OCBC credit cards is the OCBC 365 card, which offers cashback on dining, groceries, and petrol. The card also comes with a range of other benefits, such as discounts on travel bookings and entertainment.
Another popular card is the OCBC Titanium Rewards card, which is designed for shoppers. With this card, you can earn rewards points on your purchases at department stores, electronics stores, and more. You can then redeem your points for vouchers or products.
Range of OCBC Cards
OCBC offers a range of credit cards to suit different needs and lifestyles. In addition to the OCBC 365 and OCBC Titanium Rewards cards, there are also cards such as the OCBC Frank card, which is designed for young adults, and the OCBC Voyage card, which is designed for frequent travellers.
No matter what your needs are, you’re sure to find an OCBC credit card that suits you. With a range of features and benefits, these cards can help you save money and earn rewards on your purchases.
Comparative Analysis
When it comes to choosing the right credit card, there are a lot of options available in Singapore. However, if you are looking for a card that offers a great balance of rewards, cashback, and perks, then you should definitely consider an OCBC credit card. Here’s a comparative analysis of OCBC credit cards with other credit cards in Singapore.
Rewards and Cashback
When it comes to rewards and cashback, OCBC credit cards offer some of the best deals in Singapore. For instance, the OCBC 365 Credit Card offers up to 6% cashback on dining, online shopping, and groceries. On the other hand, the POSB Everyday Credit Card offers 5% cashback on groceries, dining, and transport. However, the OCBC Titanium Rewards Credit Card offers a whopping 10X rewards points on shopping and fashion.
Travel Perks and Miles
If you are a frequent traveller, then you should definitely consider an OCBC credit card. The OCBC Voyage Card offers one of the best miles conversion rates in Singapore. For instance, you can earn 1.2 miles for every $1 spent locally and 2.3 miles for every $1 spent overseas. The American Express KrisFlyer Credit Card, on the other hand, offers 1.1 miles for every $1 spent locally and 2 miles for every $1 spent overseas.
Dining and Shopping Benefits
When it comes to dining and shopping benefits, the OCBC Frank Credit Card is a great option. It offers up to 6% cashback on online shopping, entertainment, and dining. The Citi Cash Back Card, on the other hand, offers 8% cashback on dining, groceries, and petrol.
Petrol and Transport Offers
If you are looking for a credit card that offers great petrol and transport offers, then the OCBC 365 Credit Card is a great option. It offers up to 23.9% savings on fuel at Caltex and Esso stations. The UOB One Card, on the other hand, offers up to 24% savings on fuel at Shell and SPC stations.
Annual Fees and Interest Rates
When it comes to annual fees and interest rates, OCBC credit cards offer some of the most competitive rates in Singapore. For instance, the OCBC 365 Credit Card has an annual fee of $192.60, while the Citi Cash Back Card has an annual fee of $192.60. In terms of interest rates, the OCBC 365 Credit Card has an interest rate of 25.92% per annum, while the UOB One Card has an interest rate of 25.9% per annum.
Overall, OCBC credit cards offer great value for money and a wide range of benefits. Depending on your spending habits and lifestyle, you can choose the right OCBC credit card that suits your needs.
Eligibility and Application
If you are interested in applying for an OCBC credit card, there are a few things you need to know about the qualifying criteria and the application process.
Qualifying Criteria
To apply for an OCBC credit card, you need to meet certain eligibility criteria. The minimum annual income requirement for most OCBC credit cards is S$30,000 for Singaporean citizens and permanent residents. For foreigners, the minimum annual income requirement is S$45,000. However, some premium OCBC credit cards may require a higher minimum annual income or a minimum holding deposit or investment with OCBC.
In addition to the minimum annual income requirement, you must also be at least 21 years old to apply for an OCBC credit card. If you are a student, you may still be eligible for an OCBC credit card if you have a minimum annual income of S$10,000 or if you have a guarantor.
Application Process
Once you have determined that you meet the qualifying criteria for an OCBC credit card, you can begin the application process. You can apply for an OCBC credit card online, in person at an OCBC branch, or by calling the OCBC customer service hotline.
To apply for an OCBC credit card, you will need to provide certain information such as your personal details, employment status, income details, and credit history. You may also need to submit supporting documents such as your NRIC or passport, income tax statements, and payslips.
When applying for an OCBC credit card, you can choose to apply for a principal card or a supplementary card. A principal card is the primary credit card account, while a supplementary card is linked to the principal card account and is issued to a family member or friend.
Overall, the application process for an OCBC credit card is straightforward and can be completed in a few simple steps. With a wide range of OCBC credit cards to choose from, you are sure to find the perfect credit card to suit your needs.
Spending and Savings
When it comes to credit cards, it’s important to find one that suits your spending habits and helps you save money. OCBC credit cards offer a range of benefits that can help you maximise your rebates and points while also understanding minimum spend requirements.
Maximising Rebates and Points
If you’re looking to maximise your rebates and points, then the OCBC 365 Card is a great option. With this card, you can earn up to 6% cashback on local and overseas spend, including online purchases. You can also earn up to 3% cashback on groceries and recurring bills, such as your phone and utility bills.
Another great option is the OCBC Titanium Rewards Card, which offers 10X OCBC$ for every $1 spent on eligible categories such as fashion, electronics, and department stores. You can also earn 4 miles per $1 spent on overseas spend and 1.2 miles per $1 spent locally.
Understanding Minimum Spend
It’s important to understand minimum spend requirements when choosing a credit card. The OCBC 90°N Card offers a great option for those who are new to miles chasers. With this card, you can earn up to 4 miles per $1 spent on overseas spend and 1.2 miles per $1 spent locally, with no minimum spend required.
If you’re looking for a card with a low minimum spend requirement, then the OCBC FRANK Card is a great option. With this card, you only need to spend $400 per month to earn cashback of up to 6% on online and NETS FlashPay Auto Top-Ups.
Overall, OCBC credit cards offer a range of benefits that can help you save money and maximise your rebates and points. Whether you’re looking for a card with a low minimum spend requirement or one that offers great rewards for your spending, there’s an OCBC credit card that’s right for you.
Additional Card Features
When it comes to choosing a credit card, it’s not just about the rewards and cashback offers. Many credit cards come with additional features that can make your life easier and more enjoyable. Here are some of the additional features that you can enjoy with OCBC credit cards and other credit cards in Singapore.
Concierge Services
With many credit cards, you can enjoy concierge services that can help you with everything from booking a restaurant reservation to finding the perfect gift for a loved one. OCBC credit cards offer a 24-hour concierge service that can help you with travel arrangements, dining reservations, and more. Other credit cards in Singapore also offer similar concierge services that can help you save time and make your life easier.
Travel Insurance
If you’re a frequent traveller, travel insurance is an important consideration when choosing a credit card. Many credit cards in Singapore offer travel insurance as a complimentary feature, which can save you money on your travel insurance premiums. OCBC credit cards offer travel insurance coverage of up to S$1 million, which can give you peace of mind when you’re travelling.
Exclusive Lifestyle Privileges
Many credit cards in Singapore offer exclusive lifestyle privileges that can help you save money and enjoy unique experiences. For example, OCBC credit cards offer discounts on dining, shopping, and entertainment, as well as exclusive access to airport lounges and golf clubs. Other credit cards in Singapore also offer similar lifestyle privileges that can help you make the most of your credit card.
In summary, credit cards in Singapore offer a range of additional features that can make your life easier and more enjoyable. From concierge services to travel insurance to exclusive lifestyle privileges, there are many ways that credit cards can help you save money and enjoy unique experiences. Whether you choose an OCBC credit card or another credit card in Singapore, be sure to consider the additional features that can make your credit card even more valuable.
Comparing OCBC with Other Banks
When it comes to credit cards, OCBC is one of the most popular banks in Singapore. However, it’s always a good idea to compare different banks to find the best credit card for your needs. Here, we’ll compare OCBC with other popular banks in Singapore to help you make an informed decision.
OCBC vs DBS
DBS is one of the largest banks in Singapore, and it offers a wide range of credit cards. One of the most popular DBS credit cards is the DBS Live Fresh card, which offers cashback on dining, entertainment, and online shopping. However, when it comes to rewards points, OCBC has an edge. The OCBC 365 card offers higher rewards points for dining, groceries, and petrol. So, if you’re looking for a credit card that offers more rewards points, OCBC might be the better choice.
OCBC vs UOB
UOB is another popular bank in Singapore, and it offers a range of credit cards to suit different needs. One of the most popular UOB credit cards is the UOB One card, which offers cashback on a range of expenses. However, when it comes to cashback on dining and groceries, the OCBC 365 card offers a better deal. Additionally, the OCBC Voyage card offers higher rewards points for travel expenses, making it a good choice for frequent travellers.
OCBC vs Standard Chartered
Standard Chartered is a well-known bank in Singapore, and it offers a range of credit cards to suit different needs. One of the most popular Standard Chartered credit cards is the Unlimited Cashback card, which offers unlimited cashback on all expenses. However, when it comes to rewards points, the OCBC Titanium Rewards card offers a better deal. Additionally, the OCBC Frank card offers cashback on online shopping and entertainment, making it a good choice for younger consumers.
Overall, when comparing OCBC with other banks in Singapore, it’s clear that OCBC offers some of the best credit cards on the market. Whether you’re looking for cashback, rewards points, or a combination of both, there’s an OCBC credit card that’s right for you.
Practical Tips for Cardholders
Managing Online and Overseas Spending
When it comes to managing your credit card spending, it’s important to keep track of your online and overseas purchases. With OCBC credit cards, you can easily monitor your transactions using the bank’s internet banking platform. This allows you to keep an eye on your spending and ensure that there are no unauthorised charges on your account.
In addition, many OCBC credit cards offer cashback or rewards for online and overseas spending. For example, the OCBC 365 Credit Card offers 3% cashback on online shopping and 3% cashback on overseas spending. So, if you frequently shop online or travel overseas, this card could be a great option for you.
Leveraging Instalment Plans
If you’re looking to make a big purchase but don’t want to pay for it all at once, consider using an instalment plan. Many OCBC credit cards offer instalment plans that allow you to spread out your payments over a period of time. This can be a great way to manage your finances and avoid accumulating debt.
For example, the OCBC Cashflo Credit Card offers a flexible instalment plan that allows you to convert your purchases into monthly instalments. This can be a great option if you need to make a large purchase, such as a new appliance or furniture.
Utilising OCBC’s Digital Platforms
OCBC offers a range of digital platforms that can help you manage your credit card account more easily. For example, the bank’s mobile app allows you to view your account balance, check your transactions, and make payments on the go. This can be especially useful if you’re always on the move and need to manage your finances on the fly.
In addition, OCBC’s Pay Anyone feature allows you to transfer funds to anyone with a local bank account using just their mobile number or email address. This can be a convenient way to split bills or pay back friends and family.
Overall, by following these practical tips, you can make the most of your OCBC credit card and manage your finances more effectively. Whether you’re looking to manage your online and overseas spending, leverage instalment plans, or utilise OCBC’s digital platforms, there are plenty of options available to you.
Frequently Asked Questions
What perks do OCBC credit cards offer compared to rivals in the Singapore market?
OCBC credit cards offer a wide range of perks and benefits that are comparable to other credit cards in the Singapore market. Some of the perks that make OCBC credit cards stand out include cashback rewards, dining privileges, and travel benefits. For example, the OCBC 365 Credit Card offers up to 6% cashback on dining, grocery shopping, and online food delivery. The OCBC Titanium Rewards Credit Card offers 10X rewards points on shopping and entertainment, including online shopping and electronics purchases.
How does the OCBC 365 Credit Card stack up against its competitors for daily spending rewards?
The OCBC 365 Credit Card is a great option for those who want to earn cashback rewards on their daily spending. Compared to its competitors, the OCBC 365 Credit Card offers up to 6% cashback on dining, grocery shopping, and online food delivery. This is higher than the cashback rewards offered by some of its competitors, such as the UOB One Card and the Citi Cash Back Card.
What are the latest tantalising promotions available for OCBC credit card holders?
OCBC credit card holders can enjoy a wide range of promotions and discounts on dining, shopping, travel, and more. Some of the latest promotions available for OCBC credit card holders include discounts on hotel bookings, cashback rewards on online shopping, and dining privileges at selected restaurants. To stay updated on the latest promotions, check the OCBC website or follow them on social media.
How can one snag an annual fee waiver for their OCBC credit card?
OCBC credit card holders can enjoy an annual fee waiver if they meet certain criteria, such as spending a minimum amount on their credit card or having a certain type of account with OCBC. To find out if you are eligible for an annual fee waiver, contact OCBC customer service or check the OCBC website for more information.
Are foreigners eligible for OCBC credit cards, and what are the criteria?
Foreigners who are at least 21 years old and have a minimum annual income of S$45,000 are eligible for OCBC credit cards. However, the eligibility criteria may vary depending on the type of credit card. To find out if you are eligible for an OCBC credit card, check the OCBC website or contact their customer service.
What are the steps to retrieve a digital card for an OCBC credit card?
To retrieve a digital card for your OCBC credit card, you can download the OCBC Pay Anyone app and follow the instructions to link your credit card to the app. Once your credit card is linked, you can use the app to make payments and view your transactions. If you have any issues retrieving your digital card, contact OCBC customer service for assistance.
