Are you looking to apply for an OCBC credit card in Singapore? With so many different options available, it can be overwhelming to choose the right one for you. Fortunately, the application process is straightforward, and with a bit of preparation, you can select the best card for your needs and start enjoying the benefits.
Before you begin the application process, it’s important to understand the eligibility criteria for OCBC credit cards. This includes factors such as your age, income, and employment status. Once you’ve determined that you meet these requirements, you can begin exploring the different cards available and selecting the one that’s right for you. From cashback and rewards to miles and more, there’s sure to be a card that fits your lifestyle and spending habits.
Key Takeaways
- Eligibility criteria must be met before applying for an OCBC credit card.
- Choosing the right OCBC credit card depends on your lifestyle and spending habits.
- Understanding fees, rewards, and additional benefits is important when applying for an OCBC credit card.
Eligibility Criteria for OCBC Credit Cards
If you’re thinking about applying for an OCBC credit card in Singapore, you’ll need to meet certain eligibility criteria. Let’s take a closer look at the requirements for Singaporeans, PRs, and foreigners.
Criteria for Singaporeans and PRs
To apply for an OCBC credit card in Singapore, you must be a Singaporean or PR with a minimum age of 21 years old. You should also have a minimum annual income of SGD 30,000. Additionally, you’ll need to provide your NRIC number and a valid Singapore mobile number.
Requirements for Foreigners
Foreigners who wish to apply for an OCBC credit card in Singapore must be at least 21 years old. You’ll also need to have a minimum annual income of SGD 45,000. Additionally, you’ll need to provide your passport, employment pass, and a valid Singapore mobile number.
It’s important to note that these eligibility criteria are subject to change, and OCBC reserves the right to approve or reject any credit card application.
If you meet the eligibility criteria and are interested in applying for an OCBC credit card, you can do so online or by visiting a branch. Keep in mind that the approval process can take up to 14 days, so be sure to plan accordingly.
Applying for an OCBC credit card in Singapore is a straightforward process, as long as you meet the eligibility criteria. With a variety of credit cards to choose from, you’re sure to find one that fits your needs and lifestyle.
Choosing the Right OCBC Credit Card
When it comes to selecting the best OCBC credit card for your needs, it can be difficult to know where to start. With so many options available, it’s important to consider your spending habits and lifestyle to determine which card will give you the most value. Here are some of the top OCBC credit cards to consider:
OCBC 365 Credit Card
If you’re looking for a credit card that offers cashback on everyday spending, the OCBC 365 Credit Card could be the perfect option for you. This card offers cashback on dining, groceries, petrol, and more. You can earn up to 6% cashback on your spending, and there’s no minimum spend required to qualify for the cashback. Plus, you can enjoy additional discounts and perks at selected merchants.
OCBC Titanium Rewards Credit Card
If you’re a frequent shopper, the OCBC Titanium Rewards Credit Card could be the right choice for you. This card is designed for those who love to shop, with rewards points earned on every dollar spent. You can earn up to 10X rewards points on your spending, with no minimum spend required. Plus, you can enjoy exclusive discounts and promotions at selected merchants.
OCBC FRANK Credit Card
If you’re a young adult looking for a credit card that fits your lifestyle, the OCBC FRANK Credit Card could be the perfect option for you. This card is designed for those who love to socialize and enjoy life, with cashback on dining, entertainment, and online shopping. You can earn up to 6% cashback on your spending, and there’s no minimum spend required. Plus, you can enjoy exclusive discounts and promotions at selected merchants.
OCBC Platinum Credit Card
If you’re looking for a credit card that offers a wide range of benefits, the OCBC Platinum Credit Card could be the right choice for you. This card offers a range of benefits, including travel insurance, purchase protection, and more. You can also earn rewards points on your spending, with no minimum spend required. Plus, you can enjoy exclusive discounts and promotions at selected merchants.
No matter which OCBC credit card you select, make sure to consider your spending habits and lifestyle to determine which card will give you the most value. With so many options available, you’re sure to find a card that fits your needs and helps you save money.
The Application Process
Applying for an OCBC credit card in Singapore is a straightforward process that can be completed online, using MyInfo, or manually. Here are the steps you need to follow to apply for an OCBC credit card.
Online Application via Internet Banking
If you are an existing OCBC customer, you can apply for a credit card through internet banking. Simply log in to your account using your access code and PIN or fingerprint ID. Once you are logged in, navigate to the “Credit Card” section in the menu bar. Select the credit card that you wish to apply for and submit your personal details. You will then need to confirm the name on your card and review and submit your credit card application. And that’s it! Your application will be reviewed, and you will be notified of the outcome.
Using MyInfo for Faster Processing
If you are not an existing OCBC customer, you can still apply for an OCBC credit card using MyInfo. MyInfo is a government-authorized digital service that allows you to submit your personal details quickly and easily. To use MyInfo, simply select the credit card that you wish to apply for and click on the “Apply Now” button. You will then be prompted to log in to your SingPass account and authorize the release of your personal details. Once you have done this, your application will be processed faster, and you will be notified of the outcome.
Manual Application for Non-Internet Users
If you are not comfortable using internet banking or MyInfo, you can still apply for an OCBC credit card manually. Simply visit any AXS station or OCBC branch and fill out an application form. You will need to provide your personal and account details, as well as your income and employment information. Once you have completed the form, you can submit it to the AXS station or OCBC branch, and your application will be processed. You will be notified of the outcome once your application has been reviewed.
In conclusion, applying for an OCBC credit card in Singapore is fast and easy. Whether you choose to apply online, using MyInfo, or manually, you can be sure that your application will be processed quickly and efficiently. So why wait? Apply for your OCBC credit card today and enjoy the benefits of being an OCBC cardholder!
Understanding the Fees and Charges
When it comes to applying for an OCBC credit card in Singapore, it’s important to understand the various fees and charges that may apply. Here’s a breakdown of the most important fees and charges you should be aware of:
Annual Fees and Waivers
Most OCBC credit cards come with an annual fee, which is charged once a year. The amount of the annual fee varies depending on the card you choose, but it typically ranges from S$80 to S$192. However, some OCBC credit cards offer annual fee waivers, either for the first year or for subsequent years, provided you meet certain spending criteria. For example, the OCBC 365 Credit Card offers an annual fee waiver if you spend at least S$10,000 a year on the card.
Interest Rates and EIR
When you use your OCBC credit card to make a purchase, you’ll be charged interest on any outstanding balance if you don’t pay it off in full by the due date. The interest rate varies depending on the card you choose and your creditworthiness, but it typically ranges from 25% to 29.8% per annum. In addition to the interest rate, you should also pay attention to the Effective Interest Rate (EIR), which takes into account other fees and charges, such as the annual fee and late payment fees.
Other Potential Charges
In addition to the annual fee and interest charges, there are other potential charges you should be aware of when applying for an OCBC credit card. These include:
- Late Payment Charge: If you don’t pay your minimum payment by the due date, you’ll be charged a late payment fee of S$100.
- Overlimit Fee: If you exceed your credit limit, you’ll be charged an overlimit fee of S$40.
- Late Fees: If you have an outstanding balance, you’ll be charged a late fee of S$80 if you don’t pay it off in full by the due date.
It’s important to note that the fees and charges listed above are subject to change, so be sure to check the latest terms and conditions for the specific OCBC credit card you’re interested in. By understanding the fees and charges associated with an OCBC credit card, you can make an informed decision about which card is right for you and avoid any unpleasant surprises down the road.
Maximising Rewards and Cashback
If you’re looking to maximise the rewards and cashback you can earn with your OCBC credit card, there are a few things you should keep in mind.
Meeting the Minimum Spend
Many OCBC credit cards offer sign-up bonuses or rewards that require you to spend a certain amount within a specific timeframe. To make sure you meet the minimum spend requirement, consider using your credit card for everyday purchases like groceries, dining out, or paying bills.
Understanding the Cashback Cap
Some OCBC credit cards have a cashback cap, which means there is a limit to how much cashback you can earn within a specific period. Be sure to check the terms and conditions of your credit card to understand the cashback cap and plan your spending accordingly.
Exclusive Card Promotions
OCBC credit cards often come with exclusive promotions and discounts for cardholders. Keep an eye out for these promotions and take advantage of them to earn even more rewards and cashback.
To maximise your rewards and cashback, it’s important to understand the terms and conditions of your credit card, including minimum spending requirements, cashback caps, and exclusive promotions. By planning your spending and taking advantage of these benefits, you can earn more rewards and cashback with your OCBC credit card.
Additional Benefits and Features
When you apply for an OCBC credit card in Singapore, you will not only enjoy the perks and rewards that come with it, but also a range of additional benefits and features that can make your life easier and more convenient.
Insurance and Protection Plans
OCBC offers a range of insurance and protection plans that can provide you with peace of mind and financial security. These plans include travel insurance, home insurance, personal accident insurance, and more. With an OCBC credit card, you may also be eligible for purchase protection, which can cover you against loss or damage of items that you purchase with your card.
Investment and Savings Options
If you’re looking to invest or save your money, OCBC has a range of options for you. With OCBC Premier Banking, you can enjoy personalized investment advice and access to exclusive investment opportunities. You can also open a savings account with OCBC and enjoy competitive interest rates.
Convenience and Accessibility
OCBC credit cards are designed to make your life easier and more convenient. With the OCBC NXT Credit Card, you can enjoy contactless payments and earn rewards for your transactions. If you’re looking for a credit card that can help you manage your cash flow, the OCBC Great Eastern Cashflo Credit Card may be the right choice for you. You can also use Apple Pay with your OCBC credit card for even more convenience.
In addition, OCBC credit cards come with a one-time password (OTP) feature, which adds an extra layer of security to your online transactions. This feature ensures that only you can authorize transactions made with your card.
Overall, applying for an OCBC credit card in Singapore can provide you with a range of benefits and features that can make your life easier and more convenient. From insurance and protection plans to investment and savings options, there are plenty of reasons to consider an OCBC credit card.
Partner Offers and Lifestyle Perks
Applying for an OCBC credit card not only gives you access to exclusive rewards and benefits, but also a range of partner offers and lifestyle perks that can help you save money and enhance your daily life. Here are some of the top partner offers and lifestyle perks that come with an OCBC credit card.
Fuel Savings with Petrol Stations
If you’re a frequent driver, you’ll love the fuel savings that come with an OCBC credit card. With partnerships with major petrol stations such as Caltex, Esso, and Sinopec, you can enjoy discounts on your fuel spend and save money on your petrol bills. Simply use your OCBC credit card to pay for your fuel and enjoy instant discounts on your fuel spend.
Dining and Food Delivery Deals
With an OCBC credit card, you can enjoy exclusive dining and food delivery deals at your favourite restaurants and food delivery services. From cashback on your dining spend to discounts on your food delivery orders, an OCBC credit card can help you save money on your food bills and enjoy delicious meals at a lower cost.
Retail and Online Shopping Benefits
If you love to shop, an OCBC credit card can help you save money on your retail and online shopping bills. With partnerships with major retailers and online travel platforms, you can enjoy discounts on your shopping spend and earn rewards on your purchases. From groceries to land transport, electricity bills to online travel, an OCBC credit card can help you save money on your daily expenses and enhance your lifestyle.
To make the most of these partner offers and lifestyle perks, be sure to check out the latest promotions and deals on the OCBC website and stay up-to-date with the latest news and updates. With an OCBC credit card, you can enjoy a range of exclusive rewards and benefits that can help you save money and enhance your daily life.
Frequently Asked Questions
What are the eligibility criteria for expats to obtain an OCBC credit card?
To be eligible for an OCBC credit card in Singapore, you need to be at least 21 years old and have a minimum annual income of S$30,000. For expats, you must have a valid employment pass, S Pass, or work permit, and have been employed in Singapore for at least 6 months.
Can I apply for an OCBC credit card online and how does the process work?
Yes, you can apply for an OCBC credit card online through the OCBC website. The process is straightforward and can be completed in a few easy steps. First, log in with your access code and PIN or fingerprint ID. Next, navigate to the “Credit Card” section and select the credit card that you wish to apply for. Then, submit your personal details, confirm the name on your card, and review and submit your credit card application. Once you have submitted your application, you will receive an email notification with the status of your application.
How can I access my OCBC credit card digitally before it arrives?
You can access your OCBC credit card digitally before it arrives by downloading the OCBC Mobile Banking app. Once you have downloaded the app, log in with your access code and PIN or fingerprint ID. From there, you can view your digital credit card details, including your card number, expiry date, and CVV. You can also use your digital credit card for online transactions or add it to your mobile wallet for contactless payments.
What documents must I prepare for my OCBC credit card application?
To complete your OCBC credit card application, you will need to provide the following documents:
- A copy of your NRIC/Passport/Employment Pass/Work Permit
- A copy of your latest computerised payslip or Tax Notice of Assessment
- For self-employed individuals, a copy of your Income Tax Notice of Assessment
Are there any current promotions available when applying for an OCBC credit card?
Yes, there are currently promotions available when applying for an OCBC credit card. For example, you can receive up to S$150 in cashback when you apply for an OCBC credit card online and spend a minimum of S$1,000 within the first month of card approval. Be sure to check the OCBC website for the latest promotions and terms and conditions.
How will I be notified once my OCBC credit card application is successful?
Once your OCBC credit card application is successful, you will receive an email notification with the status of your application. You will also receive a physical credit card in the mail within 7 to 10 business days. If you have not received your credit card after 10 business days, please contact OCBC customer service for assistance.
