Are you looking for a credit card that offers exclusive privileges and rewards? If you are a high net worth individual, you might want to consider the OCBC Premier Visa Infinite Credit Card. This card is designed for those who want to enjoy the finer things in life and have the means to do so. But how does it compare to other credit cards in Singapore?
In this article, we will take a closer look at the OCBC Premier Visa Infinite Credit Card and compare it to other credit cards available in Singapore. We will examine the rewards and benefits of the OCBC Premier Visa Infinite Credit Card and see how they stack up against other credit cards. We will also look at the financial considerations, additional features and services, and lifestyle and convenience factors of the OCBC Premier Visa Infinite Credit Card. By the end of this article, you will have a better understanding of whether the OCBC Premier Visa Infinite Credit Card is the right credit card for you.
Key Takeaways
- The OCBC Premier Visa Infinite Credit Card offers exclusive privileges and rewards for high net worth individuals.
- The rewards and benefits of the OCBC Premier Visa Infinite Credit Card are competitive with other credit cards in Singapore.
- Before applying for the OCBC Premier Visa Infinite Credit Card, consider the financial considerations, additional features and services, and lifestyle and convenience factors to determine if it is the right credit card for you.
OCBC Premier Visa Infinite Credit Card Overview
If you’re looking for a premium credit card in Singapore, the OCBC Premier Visa Infinite Credit Card is definitely worth considering. This premium card is designed for OCBC Premier Banking clients who are looking for exclusive benefits and privileges. Here’s what you need to know about the OCBC Premier Visa Infinite Credit Card.
Key Features
The OCBC Premier Visa Infinite Credit Card offers a range of benefits and features that make it stand out from other credit cards in Singapore. Here are some of the key features of this card:
- High rewards rate: With the OCBC Premier Visa Infinite Credit Card, you can earn up to 28 OCBC$ (worth 11 miles) for every S$5 spent. You can use your rewards to redeem for cash rebates, miles, or other rewards.
- Exclusive privileges: As a Premier Banking client, you’ll get access to exclusive privileges such as discounted rates on wealth management services, priority banking services, and more.
- Complimentary travel insurance: When you charge your travel expenses to your OCBC Premier Visa Infinite Credit Card, you’ll receive complimentary travel insurance that covers you and your family for up to S$1 million.
- Airport lounge access: With the OCBC Premier Visa Infinite Credit Card, you’ll get unlimited access to over 1,000 airport lounges worldwide through the Priority Pass programme.
- Concierge service: The OCBC Premier Visa Infinite Credit Card comes with a 24/7 concierge service that can help you with travel arrangements, restaurant reservations, and more.
Eligibility Requirements
To apply for the OCBC Premier Visa Infinite Credit Card, you’ll need to meet the following eligibility requirements:
- Be an OCBC Premier Banking client: To be eligible for the card, you’ll need to be an OCBC Premier Banking client. If you’re not already a client, you can apply for OCBC Premier Banking online or at any OCBC branch.
- Meet the minimum income requirement: You’ll need to have a minimum annual income of S$30,000 (or S$60,000 for non-Singaporean/non-PR applicants) to be eligible for the card.
- Maintain a minimum deposit balance: You’ll need to maintain a minimum average monthly deposit balance of S$200,000 (or its equivalent in a foreign currency) with OCBC Bank to be eligible for the card.
Overall, the OCBC Premier Visa Infinite Credit Card is a great choice for OCBC Premier Banking clients who are looking for a premium card with exclusive benefits and privileges. If you meet the eligibility requirements, you can apply for the card online or at any OCBC branch.
Rewards and Benefits
When it comes to rewards and benefits, the OCBC Premier Visa Infinite Credit Card stands out from other credit cards in Singapore. Here are some of the perks you can enjoy:
Travel Perks
The OCBC Premier Visa Infinite Credit Card offers you access to over 1,000 airport lounges worldwide, including unlimited airport lounge access at selected lounges. You can also earn 28 OCBC$ for every S$5 spent in foreign currency and 16 OCBC$ for every S$5 spent in Singapore dollars. These OCBC$ can be redeemed for air miles, travel vouchers, and other rewards.
Dining and Lifestyle Privileges
With the OCBC Premier Visa Infinite Credit Card, you can enjoy exclusive dining and lifestyle privileges, such as complimentary champagne at selected restaurants, discounts at luxury spas, and access to exclusive events. You can also earn up to 4 miles per dollar spent on dining and entertainment.
Cashback and Rebates
If you prefer cashback and rebates, the OCBC Premier Visa Infinite Credit Card has got you covered. You can earn up to 1.6% in cashback all year round with no minimum spending required or limit to the cashback you can earn. You can also enjoy interest-free auto-instalments and split payments across 3 or 6 months.
Compared to other credit cards in Singapore, the OCBC Premier Visa Infinite Credit Card offers a higher earn rate for rewards and miles, unlimited airport lounge access, and a wide range of dining and lifestyle privileges. Plus, with its contactless transactions, concierge services, and travel insurance, you can enjoy peace of mind wherever you go.
Overall, if you’re looking for a credit card that offers great rewards and benefits, the OCBC Premier Visa Infinite Credit Card is definitely worth considering.
Comparison with Other Credit Cards
When it comes to credit cards in Singapore, there are plenty of options available in the market. However, if you’re looking for a premium credit card that offers a range of exclusive perks and benefits, then the OCBC Premier Visa Infinite Credit Card is definitely worth considering.
OCBC 365 Credit Card
If you’re someone who spends a lot on dining, groceries, and petrol, then the OCBC 365 Credit Card might be a good alternative to the OCBC Premier Visa Infinite Credit Card. With the OCBC 365 Credit Card, you can earn up to 6% cashback on your dining expenses, 3% cashback on your groceries, and 5% cashback on your petrol expenses. However, do note that the cashback is capped at $80 per month and there is a minimum spend of $800 per month to qualify for the cashback.
OCBC Titanium Rewards Card
If you’re someone who loves to shop, then the OCBC Titanium Rewards Card might be a good alternative to the OCBC Premier Visa Infinite Credit Card. With the OCBC Titanium Rewards Card, you can earn 10X OCBC$ (equivalent to 4 miles) for every $1 spent on clothes, shoes, bags, and department store purchases. However, do note that the OCBC Titanium Rewards Card has a lower annual fee of $192.60 (waived for the first 2 years) compared to the OCBC Premier Visa Infinite Credit Card.
Alternative Credit Cards in Singapore
If you’re looking for other alternatives to the OCBC Premier Visa Infinite Credit Card, there are a few other premium credit cards in the market that you might want to consider. For example, the American Express Platinum Card offers a range of exclusive perks such as free access to airport lounges, complimentary hotel room upgrades, and a dedicated concierge service. However, do note that the annual fee for the American Express Platinum Card is higher than the OCBC Premier Visa Infinite Credit Card.
Another alternative is the Citi Prestige Card, which offers similar perks and benefits as the OCBC Premier Visa Infinite Credit Card such as free access to airport lounges, complimentary hotel room upgrades, and a dedicated concierge service. However, do note that the Citi Prestige Card has a higher annual fee of $535 (waived for the first year) compared to the OCBC Premier Visa Infinite Credit Card.
Financial Considerations
When it comes to choosing a credit card, one of the most important factors to consider is the financial aspect. In this section, we’ll take a closer look at the financial considerations of the OCBC Premier Visa Infinite Credit Card compared to other credit cards in Singapore.
Fees and Charges
One of the biggest financial considerations when choosing a credit card is the fees and charges. The OCBC Premier Visa Infinite Credit Card has an annual fee of S$321 (inclusive of GST) which is higher than some other credit cards in Singapore. However, it comes with a host of benefits such as airport lounge access, travel insurance, and more.
In addition to the annual fee, there are also other fees and charges to consider such as late payment fees, cash advance fees, and more. It’s important to read the terms and conditions carefully to understand the fees and charges associated with the card.
Interest Rates and Foreign Transaction Fees
Another important financial consideration when choosing a credit card is the interest rates and foreign transaction fees. The interest rates for the OCBC Premier Visa Infinite Credit Card are competitive and vary based on the repayment period. If you pay your credit card bill in full every month, you can avoid paying interest altogether.
When it comes to foreign transaction fees, the OCBC Premier Visa Infinite Credit Card charges a fee of 2.8% of the transaction amount. This is higher than some other credit cards in Singapore, so if you frequently travel overseas or make purchases in foreign currency, it’s important to consider this fee.
Additional Features and Services
When it comes to additional features and services, the OCBC Premier Visa Infinite Credit Card is certainly packed with them. Let’s take a closer look at what you can expect.
Concierge and Support
One of the standout features of the OCBC Premier Visa Infinite Credit Card is the concierge service. With this service, you can get assistance with anything from booking flights and hotels to making restaurant reservations and arranging for transportation. This can be incredibly helpful if you’re a busy person who doesn’t have a lot of spare time to handle these tasks yourself.
In addition to the concierge service, you’ll also have access to 24/7 customer support. This means that if you have any issues with your card or account, you can get help at any time of the day or night. This level of support can be invaluable if you’re travelling overseas and need assistance with your card.
Exclusive Banking Services
As a premier banking customer, you’ll also have access to a range of exclusive banking services. This includes things like preferential interest rates on loans and deposits, as well as priority service at bank branches. If you’re someone who values personalised banking services, then this is definitely a feature that you’ll appreciate.
Another benefit of being an OCBC Premier Visa Infinite Credit Card holder is the ability to enjoy interest-free instalments on purchases. This can be a great way to spread out the cost of big-ticket items over a few months without incurring any interest charges.
Finally, the OCBC Premier Visa Infinite Credit Card also offers e-commerce protection. This means that you’ll be protected against fraudulent transactions when shopping online. Additionally, you can get supplementary cards for your family members, which can help you earn more rewards points and enjoy the benefits of the card together.
Overall, the OCBC Premier Visa Infinite Credit Card offers a range of additional features and services that make it a great choice for those who value personalised banking services and exclusive perks.
Lifestyle and Convenience
Ease of Use
When it comes to ease of use, the OCBC Premier Visa Infinite Credit Card is a great option. With its fuss-free payment system, you can easily pay your credit card bill via the OCBC mobile app or website. Additionally, the card is accepted at a wide range of merchants, both locally and overseas, making it a great travel companion.
Lifestyle Benefits
The OCBC Premier Visa Infinite Credit Card offers a range of lifestyle benefits to suit your needs. For instance, you can enjoy airport lounge access, which is perfect for the frequent traveller. Additionally, you can earn rewards points or cash back when you use the card for purchases at Best Denki or for streaming services like Netflix and Spotify. If you’re an electric vehicle owner, you can also earn rewards points when you use the card to pay for electric vehicle charging.
If you’re a fan of big-ticket items, the OCBC Premier Visa Infinite Credit Card is a great choice. You can earn rewards points or cash back when you use the card to make purchases at participating in-store or online retailers. What’s more, if you’re a Premier Banking or Premier Private Client customer, you can enjoy even more exclusive rewards and benefits.
When it comes to petrol, the OCBC Premier Visa Infinite Credit Card offers competitive earn rates at petrol service stations. You can also enjoy discounts at participating petrol service stations when you use the card to pay for petrol.
If you’re looking for a card that offers a range of lifestyle benefits and rewards, the OCBC Premier Visa Infinite Credit Card is definitely worth considering. With its great earn rate, cash back, and rewards points, you can enjoy a range of benefits when you use the card to pay for your everyday expenses, such as utility bills, transport, and pharmacy purchases.
Application and Management
How to Apply
Applying for an OCBC Premier Visa Infinite Credit Card is a straightforward process that you can complete online. To be eligible, you must have a minimum annual income of £120,000 and maintain a minimum balance of £200,000 in your OCBC account. If you meet these criteria, you can apply for the card by filling out the online application form on the OCBC website.
The application process is quick and easy, and you can expect to receive a response within a few business days. Once your application is approved, you will receive your new card in the mail within 7-10 business days.
Managing Your Card
Managing your OCBC Premier Visa Infinite Credit Card is easy and convenient. You can access your account online through the OCBC website or mobile app, where you can view your credit card bill, make payments, and manage your account settings.
One of the benefits of the OCBC Premier Visa Infinite Credit Card is that it gives you access to OCBC Premier Banking Centres in Singapore and across the region. You can drop by anytime to fulfil your wealth management needs and review your portfolio with your Relationship Manager.
In addition, the card comes with a concierge service that can assist you with travel arrangements, dining reservations, and other lifestyle needs. This service is available 24/7, so you can get the help you need whenever you need it.
Overall, the OCBC Premier Visa Infinite Credit Card is a great choice for high net worth individuals who are looking for a premium credit card with exclusive benefits and features. If you meet the eligibility criteria and are interested in applying for the card, be sure to check out our guide to the best credit cards in Singapore to see how it stacks up against other top credit cards in the market.
Eligibility and Requirements
If you are considering applying for the OCBC Premier Visa Infinite Credit Card, it is important to understand the eligibility and requirements. Here is what you need to know:
Income and Employment
To be eligible for the OCBC Premier Visa Infinite Credit Card, you must be an OCBC Premier Banking customer. This means you need to have a minimum balance of SGD 200,000 in your OCBC Premier Voyage account or a minimum balance of SGD 1,000,000 in your account with OCBC Bank. Additionally, you must have an annual income of at least SGD 120,000 or SGD 30,000 fixed deposit in lieu of income.
Other Eligibility Criteria
Apart from the income and employment requirements, there are a few other eligibility criteria that you need to fulfil to be eligible for the OCBC Premier Visa Infinite Credit Card. You must be a Singaporean or a Permanent Resident (PR) with a valid Singapore identification card. Foreigners are also eligible if they have a valid work permit and earn an annual income of at least SGD 150,000.
You should also be at least 21 years old and have a good credit score. OCBC Bank may also consider other factors such as your employment status, financial history, and credit report before approving your application.
Overall, the OCBC Premier Visa Infinite Credit Card is an exclusive card with a high annual income requirement and a minimum deposit. However, if you are eligible, this card offers a range of benefits and rewards that may be attractive to you.
Frequently Asked Questions
What lavish perks can I expect with the OCBC Premier Visa Infinite Credit Card compared to other top-tier cards in Singapore?
With the OCBC Premier Visa Infinite Credit Card, you can expect a range of lavish perks such as complimentary airport limousine transfers, access to luxury airport lounges, and exclusive dining privileges at some of the best restaurants in Singapore. You can also enjoy a host of travel benefits, including travel insurance coverage and emergency assistance services. Compared to other top-tier cards in Singapore, the OCBC Premier Visa Infinite Credit Card offers some of the most exclusive and luxurious perks.
How does the airport lounge access provided by OCBC Premier Visa Infinite stack up against its competitors?
The OCBC Premier Visa Infinite Credit Card offers unlimited access to over 1,000 airport lounges worldwide through the Priority Pass programme. This is one of the most extensive lounge access programmes offered by any credit card in Singapore. Compared to its competitors, the OCBC Premier Visa Infinite Credit Card offers better airport lounge access, making it the perfect credit card for frequent travellers.
In terms of earning air miles, how does the OCBC Premier Visa Infinite Credit Card fare against other Singaporean credit cards?
The OCBC Premier Visa Infinite Credit Card offers some of the best air miles earning rates in Singapore. You can earn up to 1.6 air miles for every dollar spent on local and overseas transactions, making it one of the most rewarding credit cards for air miles. Compared to other Singaporean credit cards, the OCBC Premier Visa Infinite Credit Card offers a highly competitive air miles earning rate.
Are there any exclusive benefits for supplementary cardholders of the OCBC Premier Visa Infinite that outshine other banks’ offerings?
Yes, there are exclusive benefits for supplementary cardholders of the OCBC Premier Visa Infinite Credit Card. Supplementary cardholders can enjoy the same airport lounge access, dining privileges, and travel benefits as the primary cardholder. This is not offered by all banks and makes the OCBC Premier Visa Infinite Credit Card an excellent choice for families or couples who travel frequently.
How do the annual fees and privileges of the OCBC Premier Visa Infinite compare to other Visa Infinite cards in Singapore?
The annual fee for the OCBC Premier Visa Infinite Credit Card is S$488. Compared to other Visa Infinite cards in Singapore, this is on par with the average annual fee. However, the OCBC Premier Visa Infinite Credit Card offers a range of exclusive privileges and benefits that are not available with other Visa Infinite cards. These include complimentary airport limousine transfers, unlimited airport lounge access, and exclusive dining privileges.
What are the unique advantages of being an OCBC Premier Banking customer with a Visa Infinite Credit Card?
As an OCBC Premier Banking customer with a Visa Infinite Credit Card, you can enjoy a range of unique advantages. These include preferential interest rates on loans, priority banking services, and access to exclusive investment opportunities. Additionally, you can enjoy a range of exclusive privileges and benefits with the OCBC Premier Visa Infinite Credit Card, making it the perfect credit card for high net worth individuals who demand the best.
