If you’re looking for a credit card that offers cashback on everyday spending, the OCBC 365 Credit Card might be worth considering. This card is designed to help you save money on dining, groceries, petrol, and more. With up to 6% cashback on dining and 5% on petrol, you could save a significant amount of money each year.
The OCBC 365 Credit Card is one of the most popular cashback credit cards in Singapore. It offers a range of benefits and perks that make it an attractive option for anyone looking to save money on their daily expenses. In this article, we’ll take a closer look at the key features of the OCBC 365 Credit Card, the benefits and perks it offers, and how you can maximise your card usage. We’ll also provide a comparative analysis of this card against other popular cashback credit cards in Singapore, so you can make an informed decision about whether the OCBC 365 Credit Card is right for you.
Key Takeaways
- The OCBC 365 Credit Card is a great option for anyone looking to save money on everyday expenses like dining, groceries, and petrol.
- With up to 6% cashback on dining and 5% on petrol, this card can help you save a significant amount of money each year.
- When compared to other popular cashback credit cards in Singapore, the OCBC 365 Credit Card stands out for its comprehensive coverage of cashback categories and lifestyle benefits.
Key Features of OCBC 365 Credit Card
If you’re looking for a credit card that offers great cashback rewards, the OCBC 365 Credit Card is definitely worth considering. Here are some of its key features:
Cashback Rewards
The OCBC 365 Credit Card offers cashback rewards on a wide range of everyday spending categories. You can earn 5% cashback on dining (including local, overseas and online food delivery), 6% cashback on fuel spend at all petrol service stations locally and overseas, 3% cashback on groceries, land transport, online travel, recurring telco and electricity bills, and 0.3% cashback on everything else. This is one of the highest cashback rates available in Singapore, and it can really add up over time.
Annual Fee and Waivers
The OCBC 365 Credit Card has an annual fee of S$192.60. However, the good news is that the annual fee is waived for the first two years if you spend at least S$10,000 per year. This means you can enjoy the benefits of the card without having to worry about paying an annual fee.
Interest Rates and Charges
The interest rate for the OCBC 365 Credit Card is 25.92% per annum. Late payment fees are S$100 and overlimit fees are S$40. Cash advance fees are 6% of the amount withdrawn or S$15, whichever is higher.
In conclusion, the OCBC 365 Credit Card is a great option if you’re looking for a credit card that offers high cashback rewards on a wide range of everyday spending categories. With its waived annual fee and competitive interest rate, it’s definitely worth considering.
Benefits and Perks
If you are looking for a credit card that rewards you for your everyday spending, then the OCBC 365 Credit Card is worth considering. With a range of benefits and perks, this card can help you save money on dining, petrol, travel, online shopping and entertainment.
Dining and Food Delivery
One of the standout features of the OCBC 365 Credit Card is its cashback rewards for dining and food delivery. You can earn up to 6% cashback on your dining expenses, including local, overseas and online food delivery. This makes it an excellent choice for foodies who love to eat out or order in.
Fuel Savings and Transport
If you’re a driver, you’ll appreciate the 6% cashback on fuel spend at all petrol stations. You can also enjoy fuel savings of up to 23.9% at Caltex and Esso petrol stations. Additionally, if you own an electric vehicle, you can enjoy 5% cashback on electric vehicle charging at SP Group charging stations.
Travel and Overseas Spending
The OCBC 365 Credit Card offers a range of benefits for travellers. You can earn 3% cashback on your overseas spending, including online travel bookings. In addition, you can enjoy exclusive privileges at Visa Luxury Hotels and Resorts, and access to over 1,000 airport lounges worldwide with the Visa Infinite program.
Online Shopping and Entertainment
If you love to shop online or stream your favourite movies and TV shows, the OCBC 365 Credit Card has you covered. You can earn 3% cashback on your online shopping and entertainment expenses, including online food delivery and streaming services. This makes it an excellent choice for those who enjoy the convenience of online shopping and entertainment.
Overall, the OCBC 365 Credit Card is a great choice for those looking for a credit card that rewards them for their everyday spending. With its range of benefits and perks, it can help you save money on dining, petrol, travel, online shopping and entertainment.
Cashback Categories Explained
If you’re looking for a credit card that rewards you for your daily expenses, the OCBC 365 Credit Card is a great option. With attractive cashback rates across a wide range of categories, you can earn cashback on everything from dining to groceries to utilities.
Everyday Dining
The OCBC 365 Credit Card offers 5% cashback on local and overseas dining, including online food delivery. This is a great way to save money on your meals, whether you’re dining out or ordering in. You can also earn 6% cashback on fast food dining, making it a great option for those who enjoy quick and easy meals.
Groceries and Supermarkets
If you’re looking to save money on your grocery shopping, the OCBC 365 Credit Card can help. You can earn 3% cashback on groceries and supermarkets, which can add up quickly over time. This is a great way to save money on your daily essentials, while also earning rewards for your spending.
Utilities and Recurring Bills
The OCBC 365 Credit Card also offers cashback on your utility bills, including electricity and telco bills. You can earn 3% cashback on recurring utility bills, making it a great option for those who want to save money on their monthly expenses. This is a great way to earn rewards for your everyday spending, while also keeping your bills under control.
Overall, the OCBC 365 Credit Card is a great option for those who want to earn cashback on their daily expenses. With attractive rates across a wide range of categories, you can earn rewards for everything from dining to groceries to utilities. So why not sign up for the OCBC 365 Credit Card today and start earning cashback on your everyday spending?
Applying for the OCBC 365 Card
If you’re looking for a credit card that will help you save money on your everyday expenses, the OCBC 365 card might be just what you need. Here’s what you need to know about applying for this card.
Eligibility Criteria
Before you apply for the OCBC 365 card, make sure you meet the eligibility criteria. You must be at least 21 years old and have an annual income of at least £30,000 if you’re a Singaporean or Permanent Resident. If you’re a foreigner, you must have an annual income of at least £45,000.
You’ll also need to have a valid NRIC or FIN, as well as a recent payslip or income tax notice of assessment. If you’re a foreigner, you’ll need to provide additional documents such as your employment pass or work permit.
Application Process
The application process for the OCBC 365 card is straightforward and can be completed online. To apply, simply visit the OCBC website and fill out the application form. You’ll need to provide your personal and financial information, as well as details about your employment and income.
If you have MyInfo, you can use it to automatically fill in some of the details on the application form, making the process even faster and more convenient.
Once you’ve submitted your application, you’ll receive a confirmation email. You can expect to receive a response within a few business days. If your application is approved, your new card will be sent to you by mail.
In conclusion, applying for the OCBC 365 card is a straightforward process that can be completed online. As long as you meet the eligibility criteria and provide all the necessary documents, you should have no trouble getting approved for this card.
Maximising Your Card Usage
To get the most out of your OCBC 365 Credit Card, you need to make sure you’re meeting the minimum spend and understanding the cashback cap. Here are some tips to help you maximise your card usage:
Meeting the Minimum Spend
To qualify for the cashback rewards, you need to meet a minimum spend of S$800 per month. If you’re struggling to reach this amount, consider using your card for everyday expenses like groceries, dining out, and online shopping. You can also use your card to pay for bills like your phone and internet, which can help boost your spending.
If you’re a big spender, you might want to consider the S$1,600 minimum spend option. This will increase your cashback rewards, but make sure you can afford to spend this much before you commit.
Understanding the Cashback Cap
The OCBC 365 Credit Card has a cashback cap of S$80 per month. This means that you can only earn up to S$80 in cashback rewards each month, regardless of how much you spend. To maximise your rewards, make sure you’re using your card for the categories that offer the highest cashback rates, like dining and petrol.
If you’re worried about hitting the cashback cap, consider using another card for larger purchases or expenses that don’t qualify for cashback rewards. This will help you spread out your spending and avoid hitting the cap too quickly.
By following these tips, you can make sure you’re getting the most out of your OCBC 365 Credit Card. Remember to always pay your bill on time and in full to avoid interest charges and late fees.
Comparative Analysis
If you’re looking for a credit card that offers cashback on your everyday spending, you might be wondering how the OCBC 365 Credit Card stacks up against other credit cards in Singapore. Here, we’ll compare the OCBC 365 Credit Card with two other popular credit cards in Singapore: the UOB One Card and the UOB EVOL Card.
OCBC 365 vs UOB One Card
The UOB One Card is a popular cashback credit card that offers up to 5% cashback on all spending. However, to qualify for the full 5% cashback, you need to spend at least S$2,000 per month for three consecutive months. If you spend less than S$2,000 per month, you’ll earn a lower cashback rate of 3.33% or 1.5%, depending on how much you spend.
In comparison, the OCBC 365 Credit Card offers up to 6% cashback on dining, online travel, groceries, telco bills, and petrol. You’ll also earn 3% cashback on all online spending and recurring bills, and 0.3% cashback on everything else. There’s no minimum spend required to earn cashback, so you can earn rewards even if you don’t spend a lot each month.
OCBC 365 vs UOB EVOL Card
The UOB EVOL Card is a cashback credit card that offers up to 8% cashback on dining, entertainment, and online shopping. However, to qualify for the full 8% cashback, you need to spend at least S$1,000 per month for three consecutive months. If you spend less than S$1,000 per month, you’ll earn a lower cashback rate of 3.33% or 1.5%, depending on how much you spend.
In comparison, the OCBC 365 Credit Card offers up to 6% cashback on dining, online travel, groceries, telco bills, and petrol. You’ll also earn 3% cashback on all online spending and recurring bills, and 0.3% cashback on everything else. While the UOB EVOL Card offers a higher cashback rate on dining and entertainment, the OCBC 365 Credit Card offers cashback on a wider range of spending categories, including groceries and telco bills.
Overall, the OCBC 365 Credit Card is a strong choice for anyone looking for a cashback credit card that offers rewards on a wide range of spending categories. While the UOB One Card and UOB EVOL Card offer higher cashback rates in some categories, the OCBC 365 Credit Card offers a more comprehensive rewards program that can help you earn cashback on all of your everyday spending.
Lifestyle Benefits
If you are a foodie, the OCBC 365 Credit Card is the perfect card for you. With this card, you can enjoy a range of dining privileges that include discounts and cashback offers at some of the best restaurants in Singapore.
Food and Beverage Offers
The OCBC 365 Credit Card offers an exciting range of dining privileges that cater to every taste and preference. You can enjoy up to 20% off your total bill at selected restaurants and cafes, including fast food chains. Additionally, you can earn up to 6% cashback on dining, including local, overseas, and online food delivery.
Transportation and Fuel
The OCBC 365 Credit Card also offers excellent benefits when it comes to transportation and fuel. You can enjoy up to 23.9% fuel savings at Caltex and Esso stations islandwide. Additionally, you can earn up to 3% cashback on land transport expenses, including taxi rides.
Overall, the OCBC 365 Credit Card offers a range of lifestyle benefits that cater to your every need. Whether you are a foodie or a frequent traveller, this card has got you covered. With excellent cashback offers and discounts on dining, transportation, and fuel, you can save big on your everyday expenses.
OCBC 365 Card for the Working Adult
If you’re a working adult looking for a credit card that can help you save money on your daily expenses, the OCBC 365 Credit Card is an excellent choice. With its generous cashback rewards, you can earn up to 6% rebate on your dining, online travel, groceries, telco bills, and petrol.
One of the best things about the OCBC 365 Credit Card is that it offers year-round cashback rewards, which means you can enjoy savings every day of the year. Whether you’re dining out with friends, buying groceries for your family, or paying your phone bill, you can earn cashback rewards that will help you save money and stretch your budget further.
Another great feature of the OCBC 365 Credit Card is that it offers a low-interest rate, which can help you save money on interest charges if you carry a balance on your card. With a low-interest rate, you can pay off your balance faster and reduce the amount of interest you pay over time.
If you’re looking for a credit card that can help you save money and earn rewards on your daily expenses, the OCBC 365 Credit Card is an excellent choice. With its generous cashback rewards and low-interest rate, it’s the perfect card for working adults who want to maximize their savings and get the most out of their credit card.
How to Manage Your Card
Managing your OCBC 365 Credit Card is easy and hassle-free. Here are some tips to help you manage your card effectively:
Bill Payments and Tracking
Paying your bills on time is important to avoid late payment fees. You can make payments through several channels, including online banking, mobile banking, AXS stations, and SAM kiosks. You can also set up a GIRO arrangement to ensure that your minimum monthly payment is paid automatically every month.
To track your bill payments and transactions, you can log in to your OCBC online banking account or use the OCBC Mobile Banking app. You can view your transactions, check your balance, and even set up alerts to notify you of any large transactions or when you reach your credit limit.
Avoiding Additional Fees
To avoid additional fees, make sure you pay your bills on time and in full. If you miss a payment or pay less than the minimum monthly payment, you may be charged a late payment fee. This fee can be up to S$100 depending on the outstanding balance.
To avoid late payment fees, set up reminders to pay your bills on time and make sure you have sufficient funds in your account. You can also consider setting up a GIRO arrangement to ensure that your minimum monthly payment is paid automatically every month.
In addition to late payment fees, there are other fees that you may be charged, such as cash advance fees, foreign transaction fees, and over-limit fees. To avoid these fees, make sure you read the terms and conditions of your card and use it responsibly.
By following these tips, you can manage your OCBC 365 Credit Card effectively and avoid additional fees.
Pros and Cons Summarised
Looking for a credit card that offers high cashback rates for your daily expenses? The OCBC 365 Credit Card may be the right choice for you. Here are some pros and cons summarised to help you decide:
Pros
- Higher cashback rates: With the OCBC 365 Credit Card, you can earn up to 6% cashback on dining, online travel, groceries, telco bills, and even petrol. This is one of the highest cashback rates available in Singapore, making it a great choice for people who spend a lot on these categories.
- Annual fee waiver: The annual fee for the OCBC 365 Credit Card is usually S$192.60. However, the fee is waived for the first two years, which means you can enjoy the benefits of the card without having to pay any fees.
- Easy to use: The OCBC 365 Credit Card is very easy to use. You don’t have to worry about rotating categories or meeting spending requirements to earn cashback. The card offers cashback on all your daily expenses, so you can use it for everything from groceries to petrol to dining out.
Cons
- Minimum spend requirement: To earn the 6% cashback rate, you need to spend at least S$800 per month on your card. This may be difficult for some people to achieve, especially if they don’t spend a lot on dining or travel.
- Limited cashback categories: While the OCBC 365 Credit Card offers high cashback rates on dining, online travel, groceries, telco bills, and petrol, it doesn’t offer cashback on other categories like entertainment or shopping.
- Interest rates: The interest rates for the OCBC 365 Credit Card are not the lowest in the market. If you carry a balance on your card, you may end up paying more in interest charges than you would with other cards that offer lower rates.
Overall, the OCBC 365 Credit Card is a great choice for people who spend a lot on dining, online travel, groceries, telco bills, and petrol. With high cashback rates and an annual fee waiver, it’s a card that can help you save money on your daily expenses. However, if you don’t spend a lot on these categories or carry a balance on your card, it may not be the best choice for you.
Frequently Asked Questions
What delightful perks come with the OCBC 365 Credit Card’s annual fee?
The OCBC 365 Credit Card comes with a reasonable annual fee of S$192.60. However, you can enjoy a waiver for the first two years if you spend at least S$10,000 annually. In return, you get a host of benefits, including cashback on dining, petrol, groceries, and recurring bills.
How can one relish the promotions linked with the OCBC Credit Card?
OCBC 365 Credit Cardholders can enjoy exclusive promotions and discounts on dining, shopping, travel, and entertainment. To stay updated on the latest promotions, visit the OCBC website or follow them on social media.
What are the cashback conditions that add a sparkle to the OCBC 365 Credit Card?
The OCBC 365 Credit Card offers cashback on a variety of spending categories. You can earn up to 6% cashback on fuel, 5% cashback on dining, and 3% cashback on groceries, telco bills, and online travel bookings. There is also a 0.3% cashback on all other spending categories.
Could you enlighten me on the interest rate attached to the OCBC 365 Credit Card, please?
The interest rate for the OCBC 365 Credit Card is 26.88% per annum. However, you can avoid paying interest by paying your outstanding balance in full every month.
Is there a minimum spend to unlock the joys of cashback with the OCBC 365 Credit Card?
Yes, there is a minimum spend of S$800 per month to enjoy the cashback benefits of the OCBC 365 Credit Card. However, the minimum spend is not applicable to the 0.3% cashback rate.
What’s the required income to be eligible for the fabulous OCBC Credit Card?
To be eligible for the OCBC 365 Credit Card, you need to have a minimum annual income of S$30,000 if you are a Singaporean citizen or permanent resident. If you are a foreigner, you need to have a minimum annual income of S$45,000.
