If you’re looking for a credit card that offers cashback benefits on everyday spending, the OCBC 365 Card might be the perfect choice for you. This card is a popular option for those in Singapore who want to earn cashback on their daily expenses, such as dining, groceries, and transportation. With the OCBC 365 Card, you can enjoy up to 6% cashback on dining and food delivery, 3% cashback on groceries, public transport, ride-hailing, pharmacy, streaming, and EV charging, and 5% cashback on petrol.
The OCBC 365 Card is a great way to earn cashback on your daily expenses, and it comes with a range of additional perks and partnerships. For example, you can enjoy exclusive discounts and promotions at a variety of merchants, including Caltex and Agoda. Additionally, the card offers a range of other benefits, such as travel insurance and access to the OCBC Premier Banking Lounge.
To apply for the OCBC 365 Card, you’ll need to meet certain spending requirements and pay an annual fee. However, many cardholders find that the benefits of the card more than make up for these costs. If you’re interested in earning cashback on your everyday spending, the OCBC 365 Card is definitely worth considering.
Key Takeaways
- The OCBC 365 Card is a popular credit card in Singapore that offers cashback benefits on everyday spending.
- With the card, you can earn cashback on dining, groceries, transportation, and more.
- The card also comes with additional perks and partnerships, such as exclusive discounts at merchants like Caltex and Agoda.
Overview of OCBC 365 Card
If you’re looking for a credit card that offers cashback on your everyday spending, the OCBC 365 Card could be the right choice for you. This credit card is designed to help you save money on your daily expenses, from dining to petrol.
Key Features
The OCBC 365 Card offers a range of key features that can help you save money on your daily expenses. Here are some of the key features of this credit card:
- 5% cashback on everyday 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
- 0.25% cashback on everything else
With these cashback rates, you can earn substantial savings on your everyday expenses. For example, if you spend $500 on dining, you can earn $25 cashback. If you spend $200 on petrol, you can earn $12 cashback. If you spend $300 on groceries, you can earn $9 cashback.
Eligibility Requirements
To be eligible for the OCBC 365 Card, you must meet the following requirements:
- You must be at least 21 years old
- You must have a minimum annual income of $30,000 for Singaporeans and Permanent Residents, or $45,000 for foreigners
- You must have a good credit rating
If you meet these requirements, you can apply for the OCBC 365 Card and start enjoying cashback on your everyday spending.
Cashback Benefits
If you’re looking for a credit card that offers cashback on your everyday spending, the OCBC 365 Credit Card is definitely worth considering. With this card, you can enjoy cashback rates of up to 6%, making it one of the most generous cashback credit cards in Singapore.
Dining and Cafes
If you’re a foodie, you’ll love the cashback rates offered by the OCBC 365 Credit Card. You can earn up to 5% cashback on your dining expenses, including local, overseas and online food delivery. This is one of the highest cashback rates offered by any credit card in Singapore, making it a great choice for anyone who loves to eat out.
Groceries and Shopping
The OCBC 365 Credit Card also offers great cashback rates on your grocery and shopping expenses. You can earn up to 3% cashback on your groceries, as well as on your land transport, online travel bookings, and recurring telco and electricity bills. This makes it a great choice for anyone who wants to save money on their everyday expenses.
Fuel and Transport
If you’re a driver, you’ll love the fuel savings offered by the OCBC 365 Credit Card. You can enjoy up to 22.92% fuel savings at Caltex (18% instant discount + 6% cashback on all fuel spend). This is one of the highest fuel savings rates offered by any credit card in Singapore, making it a great choice for anyone who wants to save money on their petrol expenses.
Online and Streaming Services
The OCBC 365 Credit Card also offers cashback rates on your online and streaming services. You can earn up to 3% cashback on your online purchases, including streaming services, as well as on your pharmacy, EV charging, and ride-hailing expenses. This makes it a great choice for anyone who loves to shop online or use streaming services.
Overall, the OCBC 365 Credit Card is a great choice for anyone who wants to earn cashback on their everyday spending. With generous cashback rates and a wide range of cashback categories, this card is perfect for anyone who wants to save money on their daily expenses.
Spending Requirements
Minimum Spend
To qualify for the OCBC 365 Credit Card, you need to meet a minimum spend requirement of S$800 per month. This means that you need to spend at least S$800 on your card each month to be eligible for cashback rewards. The minimum spend requirement is quite reasonable and can be easily met if you use the card for your daily expenses such as groceries, petrol, dining, and entertainment.
Cashback Cap
The OCBC 365 Credit Card has a cashback cap of S$80 per month for Tier 1 spend and S$160 per month for Tier 2 spend. To qualify for Tier 1, you need to spend a minimum of S$800 per month, while for Tier 2, you need to spend a minimum of S$1,600 per month. The cashback cap is quite generous and allows you to earn cashback rewards on a wide range of spending categories.
It is important to note that the cashback rewards are subject to terms and conditions, and there are certain spending categories that are excluded from the cashback rewards. For example, cash advances, balance transfers, and bill payments are not eligible for cashback rewards. Additionally, the cashback rewards are calculated based on the net amount spent, which means that refunds, reversals, and chargebacks are not included in the calculation.
Overall, the OCBC 365 Credit Card is a great option for those who want to earn cashback rewards on their everyday spending. With a reasonable minimum spend requirement and a generous cashback cap, this card offers great value for money.
Additional Perks and Partnerships
As a holder of the OCBC 365 Credit Card, you get access to a range of additional perks and partnerships that can help you save money and enjoy exclusive experiences.
Travel and Overseas Spending
If you love to travel, the OCBC 365 Credit Card is an excellent choice. Not only do you get cashback on your everyday spending, but you also get access to a range of travel-related benefits.
For example, you can enjoy exclusive discounts on flights, hotels, and travel packages when you use your OCBC 365 Credit Card to book your travel. You also get access to Visa Concierge Services, which can help you plan your trip, make reservations, and more.
If you’re planning to travel overseas, the OCBC 365 Credit Card is a great choice. You can enjoy cashback on your overseas spending, as well as special discounts and offers from a range of overseas merchants.
Exclusive Merchant Offers
One of the best things about the OCBC 365 Credit Card is the exclusive merchant offers that you can enjoy. With this card, you can enjoy cashback and discounts at a range of merchants across Singapore.
For example, you can get up to 22.1% savings on petrol at Caltex, 20.2% at Esso, and 26.8% at Sinopec. You can also enjoy 5% cashback on dining and food delivery, 3% cashback on groceries, public transport, ride-hailing, pharmacy, streaming, and EV charging, and much more.
In addition to these offers, the OCBC 365 Credit Card also gives you access to a range of promotions and discounts at a variety of merchants. From fashion and beauty to electronics and home appliances, there are plenty of opportunities to save money with this card.
Overall, the OCBC 365 Credit Card is an excellent choice for anyone looking to save money on their everyday spending and enjoy exclusive perks and partnerships. With its generous cashback rates, exclusive merchant offers, and travel-related benefits, this card is sure to become a favourite among Singaporeans looking to maximise their savings.
Fees and Charges
When it comes to credit cards, it’s important to be aware of the fees and charges that come with them. The OCBC 365 Credit Card is no exception. Here are some of the fees and charges you should know about:
Annual Fees and Waivers
The OCBC 365 Credit Card comes with an annual fee of $196.20 (inclusive of 9% GST), which is waived for the first two years. After that, you’ll need to pay the annual fee unless you meet the minimum spend requirement of $10,000 per year. If you don’t meet this requirement, you’ll be charged the annual fee.
Other Potential Costs
In addition to the annual fee, there are other potential costs associated with the OCBC 365 Credit Card. For example, if you make a late payment, you’ll be charged a late payment fee of $100. If you exceed your credit limit, you’ll be charged an overlimit fee of $40. And if you make a foreign currency transaction, you’ll be charged a foreign currency transaction fee of 2.8% of the transaction amount.
It’s important to be aware of these potential costs so that you can avoid them if possible. Make sure to pay your bills on time and stay within your credit limit to avoid late payment and overlimit fees. And if you’re travelling abroad, consider using a card with no foreign transaction fees to avoid the foreign currency transaction fee.
Overall, while the OCBC 365 Credit Card comes with some fees and charges, it can still be a great choice for those looking to earn cashback on everyday spending. Just make sure to read the fine print and understand the costs associated with the card before applying.
Frequently Asked Questions
What tantalising benefits can I expect with the OCBC 365 Credit Card?
With the OCBC 365 Credit Card, you can expect an array of tantalising benefits that will leave you feeling satisfied. You can earn up to 6% cashback on your dining expenses, both locally and overseas, and 3% cashback on your online shopping. Additionally, you can earn 3% cashback on your utility bills, including electricity and water bills. You can also earn 3% cashback on your groceries, both online and in-store.
How can I activate my new OCBC 365 Credit Card and start enjoying its perks?
Activating your new OCBC 365 Credit Card is quick and easy. Simply call the OCBC customer service hotline or activate your card via the OCBC mobile app. Once you have activated your card, you can start enjoying its perks right away.
Is there a minimum spend required to unlock the cashback rewards on the OCBC 365 Card?
Yes, there is a minimum spend required to unlock the cashback rewards on the OCBC 365 Card. You must spend a minimum of $800 per month to enjoy the cashback rewards on your dining, online shopping, and utility bills. You must also spend a minimum of $600 per month on your groceries to enjoy the cashback rewards.
Could you tell me about the latest promotions available for OCBC 365 Credit Card holders?
As an OCBC 365 Credit Card holder, you can enjoy a variety of exciting promotions. For example, you can enjoy up to 50% off your dining expenses at selected restaurants or receive a $50 rebate on your first Grab ride. You can also enjoy exclusive discounts on your shopping and travel expenses.
What’s the annual fee for the OCBC 365 Credit Card, and are there ways to waive it?
The annual fee for the OCBC 365 Credit Card is $192.60. However, you can enjoy a waiver of the annual fee for the first two years. To continue enjoying the waiver of the annual fee, you must spend a minimum of $10,000 per year on your card.
How does the OCBC 365 Credit Card compare to others in terms of cashback and rewards?
The OCBC 365 Credit Card offers some of the highest cashback rates in the market. Compared to other cards, the OCBC 365 Credit Card offers higher cashback rates on dining, online shopping, and utility bills. Additionally, the card offers cashback on groceries, which is not offered by many other cards. Overall, the OCBC 365 Credit Card is an excellent choice for those who want to maximise their cashback rewards.