If you’re looking for a grocery card in Singapore, you’re in luck. There are plenty of options available, each with their own set of rewards and perks. One of the most popular grocery cards in Singapore is the OCBC NTUC Plus Debit Card. In this article, we’ll take a closer look at this card and compare it to other grocery cards in Singapore.
The OCBC NTUC Plus Debit Card is a great choice for those who frequently shop at NTUC FairPrice supermarkets. This card offers boosted rates on grocery purchases, making it an excellent option for those who want to save money on their weekly grocery bill. But how does it compare to other grocery cards in Singapore? That’s what we’ll explore in this article.
Key Takeaways
- The OCBC NTUC Plus Debit Card is a great option for those who frequently shop at NTUC FairPrice supermarkets.
- When compared to other grocery cards in Singapore, the OCBC NTUC Plus Debit Card offers some of the highest cashback rates for grocery spend.
- In addition to its rewards and cashback, the OCBC NTUC Plus Debit Card also offers a range of additional perks and privileges.
Overview of OCBC NTUC Plus Debit Card
If you’re an NTUC member and want to earn cashback on your grocery purchases, the OCBC NTUC Plus Debit Card is a great option to consider. This card offers one of the highest cashback rates for grocery spend in comparison to other debit cards on the market.
Key Features and Benefits
The key features and benefits of the OCBC NTUC Plus Debit Card are:
- Up to 8% rebate at FairPrice stores, Unity pharmacies, and Warehouse Club.
- 0.3% rebate on all other purchases.
- Annual membership fee of S$117.70 (inclusive of GST) for NTUC members.
- No annual fee for the first year for new OCBC deposit account holders.
- Access to NTUC membership benefits, including employment advice and discounts on products and services offered by NTUC’s 12 social enterprises.
Eligibility Requirements
To be eligible for the OCBC NTUC Plus Debit Card, you must meet the following requirements:
- Be an NTUC member.
- Have an OCBC deposit account.
- Be at least 16 years old.
Overall, the OCBC NTUC Plus Debit Card is a great option for NTUC members who want to earn cashback on their grocery purchases. With its high cashback rates and access to NTUC membership benefits, this card is definitely worth considering if you’re looking for a grocery card in Singapore.
Understanding Grocery Cards in Singapore
If you are a frequent grocery shopper in Singapore, you might have heard about grocery cards or rewards cards. These cards are designed to help you save money on your grocery purchases and earn rewards for your spending. In this section, we will help you understand the common types of grocery cards and the market trends in grocery spending in Singapore.
Common Types of Grocery Cards
There are several types of grocery cards available in Singapore, including credit cards and debit cards. Some of the popular grocery cards include the OCBC NTUC Plus Debit Card, the POSB Everyday Card, and the UOB Delight Card. Each of these cards offers different benefits and rewards, so it is important to choose the one that suits your needs and spending habits.
The OCBC NTUC Plus Debit Card is a popular choice for grocery shoppers who want to earn rewards on their spending. This card offers a high cashback rate on grocery purchases at FairPrice, Unity, and Warehouse Club. In comparison to other debit cards on the market, the OCBC NTUC Plus Debit Card offers one of the highest cashback rates for grocery spend.
The POSB Everyday Card is another popular choice for grocery shoppers. This credit card offers cash rebates on groceries, dining, and other daily essentials. Cardholders can earn up to 8% cash rebates on their grocery purchases at participating merchants.
The UOB Delight Card is designed for grocery shoppers who want to save money on their purchases. This credit card offers up to 10% savings on groceries at Cold Storage, Market Place, and Jasons. Cardholders can also earn SMART$ rebates on their purchases at participating merchants.
Market Trends in Grocery Spending
According to a recent report, the grocery market in Singapore is expected to grow by 4.5% in 2021. This growth is driven by factors such as changing consumer preferences, increasing demand for online grocery shopping, and the rise of e-commerce platforms.
In addition, consumers are becoming more conscious about their spending and are looking for ways to save money on their grocery purchases. This has led to an increase in the popularity of grocery cards and rewards programs.
Overall, grocery cards are a great way to save money on your grocery purchases and earn rewards for your spending. With so many options available, it is important to choose the one that suits your needs and spending habits.
Comparative Analysis
When it comes to grocery cards in Singapore, the OCBC NTUC Plus Debit Card is a popular choice. However, how does it stack up against other options in the market? Let’s take a closer look at how it compares to the DBS Visa Debit Card, UOB One Debit Card, and Citi Debit Cards.
OCBC NTUC Plus vs DBS Visa Debit Card
Both the OCBC NTUC Plus Debit Card and the DBS Visa Debit Card offer cashback on grocery purchases. However, the OCBC NTUC Plus Debit Card offers a higher cashback rate of up to 7% for grocery spending with a minimum spend of S$400, compared to the DBS Visa Debit Card’s 3% cashback on online and overseas purchases, capped at S$50 per month.
Additionally, the OCBC NTUC Plus Debit Card offers discounts on fuel, telco bills, and other daily essentials, while the DBS Visa Debit Card offers discounts on dining, shopping, and entertainment. Overall, if you’re looking for a card that offers higher cashback rates on grocery spending, the OCBC NTUC Plus Debit Card may be the better option for you.
OCBC NTUC Plus vs UOB One Debit Card
The UOB One Debit Card is another popular option for those looking to earn cashback on their purchases. However, the cashback rates and categories differ from the OCBC NTUC Plus Debit Card.
The UOB One Debit Card offers up to 3% cashback on all spend, with higher cashback rates for certain categories such as dining, shopping, and transport. On the other hand, the OCBC NTUC Plus Debit Card offers up to 4% cash rebates for grocery spending with a minimum spend of S$200 and up to 7% cash rebates for grocery spending with a minimum spend of S$400.
If you’re someone who spends a lot on groceries, the OCBC NTUC Plus Debit Card may be the better option for you. However, if you spend more on other categories such as dining and shopping, the UOB One Debit Card may be a better fit.
OCBC NTUC Plus vs Citi Debit Cards
Citi offers a range of debit cards that cater to different spending habits and lifestyles. However, when it comes to grocery spending, the OCBC NTUC Plus Debit Card is the clear winner.
Citi’s debit cards offer cashback on a range of categories such as dining, shopping, and entertainment, but none of them offer cashback specifically for grocery spending. Meanwhile, the OCBC NTUC Plus Debit Card offers up to 7% cash rebates for grocery spending with a minimum spend of S$400.
Overall, if you’re someone who spends a lot on groceries, the OCBC NTUC Plus Debit Card is the clear winner. However, if you spend more on other categories such as dining and shopping, it may be worth considering other options such as the UOB One Debit Card or Citi’s range of debit cards.
Rewards and Cashback
Are you looking for a debit card that offers great rewards and cashback on your grocery purchases? Look no further than the OCBC NTUC Plus Debit Card! This card is specifically designed for NTUC members and offers some of the highest cashback rates for grocery spend in comparison to other debit cards on the market.
Earning LinkPoints with NTUC Plus
The OCBC NTUC Plus Debit Card allows you to earn LinkPoints on your purchases at participating merchants like FairPrice, Unity, and Warehouse Club. For every $1 spent at these merchants, you can earn up to 2 LinkPoints. You can then use these LinkPoints to offset your purchases at these merchants or redeem them for other rewards.
Maximising Cashback on Grocery Purchases
With the OCBC NTUC Plus Debit Card, you can enjoy up to 12% off your purchases at FairPrice, Unity, and Warehouse Club. To maximise your cashback, make sure to hit the minimum spend of $500 per month at these merchants. Additionally, you can enjoy up to 3% cashback on your other eligible transactions.
Comparing Cashback Rates Across Cards
When comparing the cashback rates across different grocery cards in Singapore, the OCBC NTUC Plus Debit Card stands out with its high cashback rates at FairPrice, Unity, and Warehouse Club. Other grocery cards may offer cashback at a wider range of merchants, but may not offer the same high rates for grocery spend.
In conclusion, if you are an NTUC member looking for a debit card that offers great rewards and cashback on your grocery purchases, the OCBC NTUC Plus Debit Card is definitely worth considering. With its high cashback rates at FairPrice, Unity, and Warehouse Club, you can save big on your grocery bills and earn rewards at the same time.
Additional Perks and Privileges
When it comes to additional perks and privileges, the OCBC NTUC Plus Debit Card offers a range of benefits that make it stand out from other grocery cards in Singapore.
Dining and Fast Food Deals
In addition to grocery rebates, the OCBC NTUC Plus Debit Card also offers dining and fast food deals that can help you save money while eating out. For example, you can enjoy up to 15% off your total bill at participating restaurants such as Swensen’s, Soup Restaurant, and more. You can also get 1-for-1 deals on selected items at fast food chains such as Burger King and KFC.
Fuel Savings with Esso and Caltex
If you frequently drive, you’ll be pleased to know that the OCBC NTUC Plus Debit Card offers fuel savings at Esso and Caltex petrol stations. You can enjoy up to 18.3% fuel savings at Esso and up to 20.2% fuel savings at Caltex. This can add up to significant savings over time.
Travel and Overseas Spending Benefits
If you’re planning to travel overseas, the OCBC NTUC Plus Debit Card offers a range of benefits that can make your trip more enjoyable. For example, you can enjoy complimentary travel insurance coverage of up to S$500,000 when you charge your travel expenses to your card. You can also enjoy exclusive deals on travel bookings made through OCBC’s travel portal.
Overall, the OCBC NTUC Plus Debit Card offers a range of additional perks and privileges that make it a great choice for those looking for a versatile card that goes beyond just grocery rebates. Whether you’re looking for dining deals, fuel savings, or travel benefits, this card has got you covered.
Fees and Charges
When considering a debit card, it is important to look at the fees and charges associated with it. The OCBC NTUC Plus Debit Card has an annual fee of S$24, which is waived with an annual spend of S$1,200. This makes it a good choice for frequent shoppers who can easily meet the minimum spend requirement.
Annual Fee Waivers
If you are an NTUC member, you can enjoy additional benefits with the OCBC NTUC Plus Debit Card. This includes an annual fee waiver for the first two years and a S$20 rebate on your NTUC membership fee. Additionally, you can earn LinkPoints on your purchases, which can be used to redeem rewards or offset your next purchase at NTUC FairPrice, Unity, and other participating merchants.
Foreign Currency Transaction Fees
If you frequently travel overseas, you may want to consider the foreign currency transaction fees associated with the OCBC NTUC Plus Debit Card. The card charges a 1.8% foreign currency transaction fee for overseas transactions, which is on par with other debit cards in Singapore.
Other Banking Service Charges
In addition to the annual fee and foreign currency transaction fee, there may be other banking service charges associated with the OCBC NTUC Plus Debit Card. For example, if you withdraw cash from an ATM that is not owned by OCBC, you will be charged a S$5 fee. Other fees may include replacement card fees, card cancellation fees, and late payment fees.
Overall, the OCBC NTUC Plus Debit Card is a good choice for frequent shoppers who want to earn boosted rates on their grocery purchases. While there are fees and charges associated with the card, they are on par with other debit cards in Singapore. If you are an NTUC member, you can enjoy additional benefits such as an annual fee waiver for the first two years and a S$20 rebate on your NTUC membership fee.
Eligibility and Application Process
If you’re interested in applying for the OCBC NTUC Plus Debit Card, you’ll need to meet certain eligibility requirements. Here’s what you need to know:
Age and Income Criteria
To apply for the OCBC NTUC Plus Debit Card, you must be at least 16 years old. There is no minimum income requirement to qualify for the card. This makes it a great option for students or those who are just starting out in their careers.
Using MyInfo for Quick Application
One of the easiest ways to apply for the OCBC NTUC Plus Debit Card is by using MyInfo. MyInfo is a government service that allows you to automatically fill in your personal details when you apply for a new card. This can save you a lot of time and hassle, as you won’t need to manually enter your information.
To use MyInfo to apply for the OCBC NTUC Plus Debit Card, simply log in to your SingPass account and select the “Apply for OCBC NTUC Plus Debit Card” option. MyInfo will automatically fill in your personal details, including your name, address, and NRIC number. You’ll still need to provide additional information, such as your employment status and income, but MyInfo will speed up the process considerably.
Once you’ve completed the application process, you can expect to receive your new OCBC NTUC Plus Debit Card within 7-10 business days.
Customer Experience
When it comes to choosing a debit card, customer experience is a crucial factor to consider. In this section, we will look at the customer service and digital banking convenience offered by the OCBC NTUC Plus Debit Card and other grocery cards in Singapore.
OCBC Customer Service
OCBC Bank is known for its excellent customer service. With a 24/7 customer service hotline, you can be assured that any issues or queries you have will be resolved promptly. Additionally, there are over 35 OCBC branches and over 1,200 ATMs island-wide, making it convenient for you to access your funds and get assistance when needed.
Digital Banking Convenience
In today’s digital age, convenience is key. The OCBC NTUC Plus Debit Card offers a range of digital banking services, including mobile banking, online banking, and Pay Anyone. With mobile banking, you can check your account balance, transfer funds, and pay bills on-the-go. Online banking allows you to manage your account from the comfort of your own home, while Pay Anyone allows you to transfer funds to anyone with just their mobile number or email address.
Other grocery cards in Singapore also offer digital banking services. For example, the UOB Delight Credit Card offers UOB Mighty, a mobile banking app that allows you to check your account balance, view your transactions, and redeem rewards. The DBS Live Fresh Card offers DBS PayLah!, a mobile wallet that allows you to pay for your purchases with just your mobile phone.
Overall, both the OCBC NTUC Plus Debit Card and other grocery cards in Singapore offer excellent customer experience. With a range of digital banking services and excellent customer service, you can be assured that your banking needs will be met.
Frequently Asked Questions
What smashing perks can I expect with the NTUC Plus Visa Debit card?
With the NTUC Plus Visa Debit card, you can enjoy up to 12% rebate at FairPrice stores and Unity pharmacies. You can also earn up to 8% rebate on fuel purchases at Esso and earn LinkPoints on your transactions, which can be used to offset future purchases at participating merchants. Additionally, you can enjoy exclusive promotions and discounts on dining, travel, and entertainment.
How do the rewards from the OCBC Plus Visa Debit card compare to other grocery cards?
The OCBC Plus Visa Debit card offers up to 5% rebate on groceries at FairPrice stores and Unity pharmacies, which is higher than other debit cards that provide high rates on groceries. You can also earn 0.22% on all of your spend, which is an added bonus. However, it is important to note that the card’s rewards are subject to a minimum spend requirement of S$200 per month.
Is there a jolly annual fee for the OCBC Plus Visa Debit card, and how does it stack up?
No, there is no annual fee for the OCBC Plus Visa Debit card, making it a great option for those who want to save on fees. Compared to other debit cards that charge annual fees, the OCBC Plus Visa Debit card is a more affordable option.
Are there any delightful sign-up bonuses exclusive to the OCBC NTUC Plus Debit Card?
Yes, the OCBC NTUC Plus Debit Card offers a sign-up bonus of S$20 worth of LinkPoints when you sign up and make your first transaction. This is a great way to jump-start your rewards and start earning LinkPoints right away.
Can you tell me if the NTUC Plus card is utterly free of charge, or are there hidden costs?
Yes, the NTUC Plus card is free of charge with no hidden costs. You can enjoy all the perks and benefits of the card without worrying about any fees or charges.
What’s the minimum balance I need to maintain for my OCBC Debit Card, and is it reasonable?
The minimum balance you need to maintain for your OCBC Debit Card is S$500, which is a reasonable amount compared to other debit cards in Singapore. This will ensure that you avoid any fall-below fees and can continue to enjoy the benefits of your card without any interruption.
