If you’re looking for a credit card that offers cashback on everyday expenses, the OCBC 365 Credit Card could be the perfect choice for you. This card offers up to 6% cashback on dining, 3% cashback on groceries, and 5% cashback on petrol, making it a great option for anyone who regularly spends money on these categories.
But how does the OCBC 365 Credit Card compare to other credit cards in Singapore? In this article, we’ll take a closer look at the features and benefits of the OCBC 365 Credit Card and compare it to other popular credit cards in the market. We’ll also provide tips on how to maximize your card benefits and answer some frequently asked questions about credit cards in Singapore.
So whether you’re a seasoned credit card user or just starting out, read on to find out more about the OCBC 365 Credit Card and how it stacks up against other credit cards in Singapore.
Key Takeaways
- The OCBC 365 Credit Card offers up to 6% cashback on dining, 3% cashback on groceries, and 5% cashback on petrol.
- When compared to other credit cards in Singapore, the OCBC 365 Credit Card stands out for its generous cashback rewards on everyday expenses.
- To maximize your card benefits, be sure to understand the terms and conditions of your card and use it strategically for purchases that earn the most rewards.
Understanding Credit Cards in Singapore
If you’re looking for a credit card in Singapore, you’ll find that there are plenty of options available. Credit cards are an essential part of the financial landscape in Singapore, and they offer a wide range of benefits, rewards, and features. In this section, we’ll cover everything you need to know about credit cards in Singapore, with a focus on OCBC 365 Credit Card.
OCBC’s Position in the Market
OCBC is one of the leading banks in Singapore, and it offers a range of credit cards to suit different needs and lifestyles. The OCBC 365 Credit Card is one of the most popular credit cards in Singapore, and it offers a range of benefits and rewards to cardholders. With this card, you can earn cashback on a wide range of purchases, including dining, groceries, petrol, and more. The card also offers a range of other benefits, such as travel insurance and discounts on dining and shopping.
Comparing Card Features and Benefits
When comparing credit cards in Singapore, there are several factors to consider. These include the rewards and benefits offered by the card, the annual fee, the interest rate, and the eligibility criteria. Here are some of the key features and benefits of the OCBC 365 Credit Card compared to other credit cards in Singapore:
| Credit Card | Rewards | Annual Fee | Interest Rate | Eligibility Criteria |
|---|---|---|---|---|
| OCBC 365 Credit Card | Cashback on dining, groceries, petrol, and more | SGD 192.60 | 25.92% p.a. | SGD 30,000 p.a. |
| UOB One Credit Card | Cashback on daily essentials and recurring bills | SGD 192.60 | 26% p.a. | SGD 30,000 p.a. |
| DBS Live Fresh Credit Card | Cashback on online and contactless transactions | SGD 128.40 | 26.8% p.a. | SGD 30,000 p.a. |
As you can see, the OCBC 365 Credit Card offers competitive rewards and benefits compared to other credit cards in Singapore. However, it’s essential to consider the annual fee, interest rate, and eligibility criteria when choosing a credit card.
In conclusion, credit cards are an essential part of the financial landscape in Singapore, and they offer a wide range of benefits and rewards to cardholders. When choosing a credit card, it’s important to consider the rewards, annual fee, interest rate, and eligibility criteria. The OCBC 365 Credit Card is one of the most popular credit cards in Singapore, and it offers a range of benefits and rewards to cardholders.
OCBC 365 Credit Card Highlights
Are you looking for a credit card that offers cashback rewards on your everyday expenses? Look no further than the OCBC 365 Credit Card! Here are some of the highlights of this card:
Cashback and Rewards
The OCBC 365 Credit Card offers up to 6% cashback on dining, online food delivery, and overseas spending. You can also earn up to 3% cashback on groceries, recurring telco bills, and online travel bookings. With this card, you can earn cashback rewards on your everyday expenses and save money.
Dining and Food Delivery Perks
If you love dining out or ordering food delivery, the OCBC 365 Credit Card is perfect for you. You can enjoy up to 6% cashback on dining at restaurants and cafes, as well as online food delivery services. This card also offers discounts at selected dining merchants, so you can save even more.
Travel and Overseas Benefits
If you frequently travel overseas, the OCBC 365 Credit Card offers a range of benefits. You can enjoy up to 3% cashback on overseas spending, as well as discounts on travel insurance and airport limousine services. This card also offers complimentary travel insurance coverage for you and your family when you charge your travel expenses to the card.
Overall, the OCBC 365 Credit Card is a great choice for those who want to earn cash rebates on their everyday expenses. With its attractive rewards and perks, this card can help you save money while enjoying the things you love.
Comparative Analysis with Other Cards
When it comes to choosing the right credit card in Singapore, there are a lot of options available. Among them, the OCBC 365 Credit Card stands out due to its attractive cashback rates and rewards system. However, before you make a decision, it’s important to compare it with other cards in the market. Here is a comparative analysis of the OCBC 365 Credit Card with other popular credit cards in Singapore.
OCBC Frank vs OCBC 365
If you’re looking for a credit card that caters to young adults, the OCBC Frank Credit Card may be a good option. It offers up to 6% cashback on online shopping, entertainment, and dining. However, the OCBC 365 Credit Card offers a more diverse range of benefits. With cashback on groceries, petrol, dining, and travel, it is a better fit for those who want to earn rewards on a wider range of expenses. Additionally, the OCBC 365 Credit Card offers higher cashback rates on some categories, such as petrol and dining.
OCBC 365 vs UOB One Card
The UOB One Card is another popular credit card in Singapore that offers cashback rewards. However, its rebate system is slightly different from the OCBC 365 Credit Card. While the OCBC 365 Credit Card offers cashback on multiple categories, the UOB One Card focuses on a single category of spending. Depending on your spending habits, this can be an advantage or disadvantage. Additionally, the UOB One Card requires a higher minimum spend to qualify for cashback, whereas the OCBC 365 Credit Card has a lower threshold.
OCBC 365 vs DBS Live Fresh Card
The DBS Live Fresh Card is a good option for those who frequently shop online or pay with mobile wallets. It offers cashback on online shopping, travel, and mobile payments. However, the cashback rates are lower compared to the OCBC 365 Credit Card. Additionally, the DBS Live Fresh Card has a cap on cashback earnings, whereas the OCBC 365 Credit Card does not.
Overall, the OCBC 365 Credit Card is a strong contender in the Singapore credit card market. Its cashback rates and rewards system are competitive, and it offers benefits on a wide range of expenses. However, it’s important to compare it with other cards to determine which one is the best fit for your spending habits.
Maximising Your Card Benefits
When it comes to credit cards, maximising your benefits is key. Here are some strategies to help you get the most out of your OCBC 365 Credit Card and other credit cards in Singapore.
Strategies for Higher Rebates
One way to maximise your card benefits is to strategise your spending to earn higher rebates. For example, if you have an OCBC 365 Credit Card, you can earn up to 6% cashback on dining, online travel, groceries, telco bills and petrol. To maximise your rebates, consider grouping your spending into these categories and using your OCBC 365 Credit Card for these purchases.
However, keep in mind that there is a minimum spend requirement and a cashback cap for each category. To avoid missing out on rebates, make sure you meet the minimum spend requirement and do not exceed the cashback cap.
Utilising Card-Specific Privileges
Another way to maximise your card benefits is to take advantage of card-specific privileges. For example, some credit cards in Singapore offer discounts on dining, shopping, and entertainment. Others offer travel perks such as airport lounge access or travel insurance.
To get the most out of these privileges, make sure you understand the terms and conditions of your credit card. For example, some privileges may only be available during certain times of the year or at specific merchants. By planning your spending around these privileges, you can save even more money.
In summary, to maximise your card benefits, strategise your spending to earn higher rebates and take advantage of card-specific privileges. By doing so, you can save money and get the most out of your credit cards in Singapore.
Eligibility and Application
Income and Age Requirements
To be eligible for the OCBC 365 Credit Card, you must be a Singaporean or Singapore PR above 21 years old with an annual income of at least S$30,000. If you are a foreigner, you must be above 21 years old with an annual income of at least S$45,000 [1].
Compared to other credit cards in Singapore, the income requirement for the OCBC 365 Credit Card is relatively low. For example, the income requirement for the Citi Cash Back Card is S$30,000 for Singaporeans and PRs, and S$42,000 for foreigners [2].
Application Process
You can apply for the OCBC 365 Credit Card online [1]. The application process is straightforward and can be completed in a few simple steps.
To apply, you need to provide your personal details, income information, and employment details. You will also need to submit supporting documents such as your NRIC or passport, income documents, and employment documents.
Once you have submitted your application, it will be reviewed by the bank. If your application is approved, you will receive your credit card within a few working days.
Overall, the application process for the OCBC 365 Credit Card is quick and easy, making it a convenient option for those looking for a cashback credit card in Singapore.
References
- OCBC. (n.d.). OCBC 365 Credit Card. Retrieved January 9, 2024, from https://www.ocbc.com/personal-banking/cards/365-cashback-credit-card
- Citibank Singapore. (n.d.). Compare Credit Cards. Retrieved January 9, 2024, from https://www.citibank.com.sg/gcb/credit_cards/credit-card-comparison.htm
Frequently Asked Questions
What dazzling benefits can one expect with the OCBC 365 Credit Card?
The OCBC 365 Credit Card offers a wide range of benefits that make it an excellent choice for everyday spending. With this card, you can enjoy cashback of up to 6% on dining, online shopping, and grocery purchases, among others. Additionally, you can save up to 23.9% on petrol at selected petrol stations in Singapore. The card also offers discounts on travel bookings, including flights and hotel stays.
How does the OCBC 365 Credit Card’s cashback scheme stack up against other cards?
Compared to other credit cards in Singapore, the OCBC 365 Credit Card’s cashback scheme is highly competitive. For example, the Citi Cash Back Card offers up to 8% cashback on dining, but only up to a maximum of S$80 per month. The Standard Chartered Unlimited Cashback Card offers a flat 1.5% cashback on all spending, but does not offer any specific category bonuses like the OCBC 365 Credit Card.
Are there any thrilling promotions currently available for new OCBC 365 Credit Cardholders?
Yes, there are several promotions currently available for new OCBC 365 Credit Cardholders. For example, new cardholders can receive up to S$150 cashback when they spend a minimum of S$1,200 within the first month of card activation. Additionally, new cardholders can receive a Samsonite luggage or S$150 cashback when they spend a minimum of S$5,000 within the first 6 months of card activation.
What are the eligibility criteria for expats keen on the OCBC 365 Credit Card?
Expats who are interested in applying for the OCBC 365 Credit Card must meet the following eligibility criteria:
- Must be at least 21 years old
- Must have an annual income of at least S$45,000 for Singaporeans and Permanent Residents, or S$60,000 for foreigners
- Must have a good credit score
Could you highlight the terms and conditions that make the OCBC 365 Credit Card a standout choice?
The OCBC 365 Credit Card stands out from other credit cards in Singapore due to its generous cashback scheme and wide range of benefits. Additionally, the card has no minimum spend requirement and no cap on the amount of cashback you can earn. The card also offers discounts on travel bookings, including flights and hotel stays.
Which OCBC credit card reigns supreme for maximising rewards?
While the OCBC 365 Credit Card is an excellent choice for everyday spending, the OCBC Titanium Rewards Card is the best choice for maximising rewards on online shopping and fashion purchases. With the OCBC Titanium Rewards Card, you can earn up to 10X OCBC$ (or 4 miles) per S$1 spent on eligible purchases. The card also offers discounts on travel bookings, including flights and hotel stays.
