If you’re looking for the best credit card in Singapore, you might want to consider the options offered by OCBC Bank. With a wide range of credit cards to choose from, OCBC provides a variety of rewards and cashback offers designed to suit different lifestyles. Whether you’re looking for a card that offers exclusive travel perks or one that provides cashback on your daily expenses, OCBC has a credit card that can meet your needs.
OCBC credit cards offer a range of benefits, including cashback, rewards, and exclusive offers. Some cards also come with additional perks, such as travel insurance, airport lounge access, and concierge services. With so many options to choose from, it’s important to carefully consider the features and fees of each card to find the one that best suits your needs.
When comparing OCBC credit cards, it’s important to understand the fees and charges associated with each card. Some cards may have annual fees, while others may charge transaction fees or interest on outstanding balances. Additionally, eligibility requirements and the application process may vary depending on the card you choose. By carefully considering these factors, you can find the OCBC credit card that’s right for you.
Key Takeaways
- OCBC Bank offers a wide range of credit cards with rewards and cashback offers designed to suit different lifestyles.
- When comparing OCBC credit cards, it’s important to carefully consider the features, fees, and eligibility requirements of each card.
- By choosing the right OCBC credit card, you can enjoy a range of benefits, including cashback, rewards, and exclusive offers.
Overview of OCBC Credit Cards in Singapore
If you’re looking for a credit card in Singapore, OCBC has a range of options to suit different needs. Here’s an overview of the different varieties of OCBC credit cards and their key features and benefits.
OCBC Card Varieties
OCBC offers a variety of credit cards, each with unique features and benefits. Some of the most popular options include:
- OCBC 365 Credit Card: This card offers cashback on dining, groceries, and petrol purchases, as well as other perks like discounts on hotel bookings and entertainment.
- OCBC FRANK Credit Card: This card is designed for young adults and offers cashback on online shopping, entertainment, and dining purchases, as well as discounts on travel and other perks.
- OCBC Titanium Rewards Card: This card offers rewards points for purchases at department stores, electronics retailers, and other merchants, which can be redeemed for vouchers and other rewards.
- OCBC VOYAGE Card: This card is designed for frequent travellers and offers air miles for purchases, as well as other travel-related perks like lounge access and travel insurance.
Key Features and Benefits
Each OCBC credit card offers different features and benefits, so it’s important to choose one that suits your lifestyle and spending habits. Some of the key features and benefits to look for include:
- Cashback: Many OCBC credit cards offer cashback on purchases, which can help you save money on everyday expenses like dining, groceries, and petrol.
- Rewards Points: Some OCBC credit cards offer rewards points for purchases, which can be redeemed for vouchers, air miles, and other rewards.
- Travel Perks: If you’re a frequent traveller, look for an OCBC credit card that offers travel-related perks like air miles, travel insurance, and lounge access.
- Discounts and Promotions: Many OCBC credit cards offer discounts and promotions for purchases at specific merchants, as well as other perks like discounts on hotel bookings and entertainment.
Overall, OCBC credit cards offer a range of features and benefits to suit different needs and lifestyles. Whether you’re looking for cashback on everyday purchases, rewards points for travel, or other perks, there’s likely an OCBC credit card that’s right for you.
Rewards and Cashback Offers
If you’re looking for a credit card that rewards you for your spending, then you’ll be happy to know that OCBC has a range of credit cards that offer cashback, rewards, and miles. Here are some tips on how to maximise your rewards and cashback offers with OCBC credit cards.
Earning Rewards and Miles
OCBC offers credit cards that earn rewards points and air miles, which can be redeemed for a variety of benefits such as dining vouchers, shopping vouchers, and flights. The OCBC Titanium Rewards Credit Card, for example, earns you 10X OCBC$ (or 4 air miles) per $1 spent on eligible online and offline purchases. Meanwhile, the OCBC Voyage Card earns you 1.2 Voyage Miles per $1 spent overseas and 1 Voyage Mile per $1 spent locally.
Maximising Cashback
If you prefer cashback over rewards and miles, then OCBC has a range of credit cards that offer cashback on your spending. The OCBC 365 Credit Card, for example, offers up to 6% cashback on dining, 3% cashback on groceries, and 5% cashback on petrol. Meanwhile, the OCBC Frank Credit Card offers 6% cashback on online shopping, 5% cashback on entertainment, and 3% cashback on groceries.
Understanding Cashback Caps
It’s important to note that some OCBC credit cards have cashback caps, which means that there is a limit to how much cashback you can earn per month. For example, the OCBC 365 Credit Card has a monthly cap of $80 for cashback on dining, groceries, and petrol. Meanwhile, the OCBC Frank Credit Card has a quarterly cap of $75 for cashback on online shopping and entertainment.
Overall, OCBC credit cards offer a range of rewards and cashback offers that can help you save money and earn benefits on your spending. By understanding how to earn rewards and miles, maximising cashback, and understanding cashback caps, you can make the most out of your OCBC credit card.
Exclusive Perks for Different Lifestyles
When it comes to choosing a credit card, it’s important to consider what benefits and rewards are most important to you. With OCBC credit cards, there are exclusive perks available for different lifestyles.
Dining and Entertainment
If you enjoy dining out and entertainment, the OCBC 365 Credit Card is a great option. With this card, you can enjoy up to 6% cashback on dining spend, including online food delivery. You can also get 3% cashback on groceries, land transport, and recurring telco bills. Plus, you can enjoy exclusive dining deals and discounts at over 1,000 outlets in Singapore.
Travel Benefits
If you’re a frequent traveller, the OCBC Voyage Card is perfect for you. You can earn Voyage Miles on all your spend, which can be redeemed for flights, hotels, and other travel-related expenses. You can also enjoy exclusive travel perks, such as access to over 1,000 airport lounges worldwide, complimentary travel insurance, and free limousine transfers.
Shopping and Retail Rewards
If you love shopping and retail therapy, the OCBC Titanium Rewards Card is a great option. You can earn 10X OCBC$ (equivalent to 4 miles) for every $1 spent on fashion, electronics, and department stores. You can also earn 10X OCBC$ for every $1 spent online, including on popular e-commerce platforms like Lazada and Qoo10. Plus, you can enjoy exclusive shopping deals and discounts at over 100 merchants in Singapore.
No matter what your lifestyle is, there’s an OCBC credit card that can offer you exclusive perks and rewards. So why wait? Apply for an OCBC credit card today and start enjoying the benefits that come with it!
Understanding Fees and Charges
When it comes to choosing a credit card, understanding the fees and charges can be just as important as the rewards and benefits. In this section, we’ll take a closer look at the fees and charges associated with OCBC credit cards in Singapore.
Annual Fee Structures
The annual fee is the amount you pay each year to keep your credit card account active. OCBC offers a range of credit cards with different annual fee structures to suit different needs and budgets. Some cards have a lower annual fee, while others have a higher fee but offer more rewards and benefits.
For example, the OCBC 365 Credit Card has an annual fee of $196.20 (including 9% GST), which is waived for the first 2 years. Meanwhile, the OCBC Titanium Rewards Card has a higher annual fee of $192.60 (including 9% GST), but offers more rewards points for every dollar spent.
It’s important to check the annual fee structure of each card carefully before applying, to make sure it fits your budget and spending habits.
Foreign Transaction Fees
If you plan to use your credit card overseas, it’s important to be aware of foreign transaction fees. These are fees charged by the bank for transactions made in a foreign currency.
OCBC credit cards charge a foreign transaction fee of 2.8% of the transaction amount. This fee is applicable to all transactions made in a foreign currency, whether you’re shopping online or travelling overseas.
To avoid foreign transaction fees, you can consider using a credit card that offers no foreign transaction fees or using a prepaid travel card instead.
In summary, understanding the fees and charges associated with OCBC credit cards is an important part of choosing the right card for you. Be sure to check the annual fee structure and foreign transaction fees before applying, to make sure you’re getting the best deal for your needs and budget.
Eligibility and Application Process
Criteria for Application
Before applying for an OCBC credit card, it is important to ensure that you meet the eligibility criteria. To be eligible for an OCBC credit card, you must:
- Be at least 21 years old
- Have a minimum annual income of $30,000 for Singaporeans and Permanent Residents, and $45,000 for foreigners
- Have a good credit rating
It is also important to note that the eligibility criteria may vary depending on the type of credit card you are applying for. For example, some credit cards may require a higher minimum annual income or a certain occupation.
Steps to Apply for an OCBC Card
Applying for an OCBC credit card is a simple and straightforward process. Here are the steps you need to follow:
- Visit the OCBC website and choose the credit card that best suits your needs.
- Click on the “Apply Now” button and fill in the required information, such as your personal details, employment information, and income details.
- Upload the necessary documents, such as your identification card, income documents, and employment letter.
- Review your application and submit it for processing.
Once your application has been approved, you will receive your OCBC credit card within 7 to 10 working days.
It is important to note that the interest rates and fees associated with your OCBC credit card will vary depending on the type of card you choose. Additionally, you may also apply for a supplementary card for your family members, subject to certain conditions.
Overall, applying for an OCBC credit card is a simple and hassle-free process, and with the right credit card, you can enjoy a range of benefits and rewards.
Frequently Asked Questions
What are the top benefits of using an OCBC 365 Credit Card?
With an OCBC 365 Credit Card, you can enjoy cashback of up to 6% on dining, 3% on online shopping, 3% on groceries, 5% on petrol, and 3% on recurring telco bills. Additionally, you can earn up to 22.2% fuel savings at Caltex and Esso petrol stations. The card also offers exclusive deals and discounts on travel, dining, and entertainment.
How can one apply for an OCBC credit card online?
To apply for an OCBC credit card online, visit the OCBC website and select the card you want to apply for. Fill in the application form and submit the required documents, which include your NRIC or passport, income documents, and latest credit bureau report. Once your application is approved, your card will be mailed to you within 7-10 working days.
What exclusive promotions come with OCBC credit cards?
OCBC credit cards offer a range of exclusive promotions, such as cashback rewards, discounts on dining and shopping, and free gifts. Some promotions are ongoing, while others are seasonal or limited-time offers. Keep an eye on the OCBC website and social media pages for the latest promotions and deals.
Are foreigners eligible for OCBC credit cards in Singapore?
Yes, foreigners who are at least 21 years old and have a minimum annual income of $45,000 are eligible for OCBC credit cards in Singapore. Foreigners must also provide a copy of their passport, employment pass, and proof of income.
How does one get an annual fee waiver for an OCBC credit card?
To get an annual fee waiver for an OCBC credit card, you must meet certain criteria, such as spending a minimum amount on the card each year or having a certain level of assets under management with OCBC. Alternatively, you can call the OCBC customer service hotline and request a waiver, although this is subject to approval.
Has the NTUC OCBC card been phased out?
Yes, the NTUC OCBC card has been phased out and is no longer available for new applications. Existing cardholders can continue to use their cards until their expiry date, after which they will be automatically converted to an equivalent OCBC credit card.