Great Eastern Cash Flo Card Singapore is a credit card that offers a unique blend of cash rebates and instalment payment options. The card, issued by OCBC Bank, is designed to help customers manage their cash flow while enjoying the benefits of a credit card. With up to 1.2% cash rebates on your spending and the option to stretch your payments over 3, 6 or 12 months, the Great Eastern Cash Flo Card is a great choice for those looking to maximise their savings.
To be eligible for the Great Eastern Cash Flo Card, you must be a Singapore citizen or permanent resident aged 21 or above with a minimum annual income of $30,000. The application process is simple and can be done online or at any OCBC Bank branch. Once approved, you will receive your card within 7 working days and can start enjoying the benefits right away.
With its unique combination of cash rebates and instalment payment options, the Great Eastern Cash Flo Card is a great choice for those looking to manage their cash flow and maximise their savings. Whether you’re looking to earn cash rebates on your spending or spread your payments over a longer period of time, this card has something for everyone.
Key Takeaways
- The Great Eastern Cash Flo Card Singapore is a credit card that offers cash rebates and instalment payment options to help you manage your cash flow.
- To be eligible for the card, you must be a Singapore citizen or permanent resident aged 21 or above with a minimum annual income of $30,000.
- With up to 1.2% cash rebates on your spending and the option to stretch your payments over 3, 6 or 12 months, the Great Eastern Cash Flo Card is a great choice for those looking to maximise their savings.
Eligibility and Application Process
If you’re looking for a credit card that allows you to split your payments into 12-month instalments, the Great Eastern Cashflo Credit Card from OCBC may be just what you need. Here’s what you need to know about the eligibility requirements and application process:
Meeting the Income Requirement
To be eligible for the Great Eastern Cashflo Credit Card, you must be at least 21 years old and have an annual income of at least S$30,000 if you’re a Singaporean or Singapore PR, or at least S$45,000 if you’re a foreigner. It’s important to note that from 1 October 2020, a processing fee of 1% will be imposed for Great Eastern premiums charged under a 12-month instalment plan to your card.
Using MyInfo for Quick Application
If you’re eligible and want to apply for the Great Eastern Cashflo Credit Card, you can do so online using MyInfo. MyInfo is a digital service that allows you to provide your personal information to government agencies and banks quickly and securely. By using MyInfo, you can complete your credit card application faster and more easily.
To apply for the Great Eastern Cashflo Credit Card using MyInfo, simply log in to the OCBC website and select “Apply Now”. You’ll then be prompted to provide your SingPass login details, which will allow MyInfo to automatically fill in your personal information. Once you’ve reviewed and confirmed your details, you can submit your application and wait for approval.
Overall, if you meet the eligibility requirements and want a credit card that allows you to split your payments into 12-month instalments, the Great Eastern Cashflo Credit Card from OCBC may be a great option for you.
Benefits and Features
If you’re looking for a credit card that offers cash rebates and interest-free instalments, then the Great Eastern Cashflo Card is worth considering. Here are some of the benefits and features that make this card stand out from the crowd.
Interest-Free Instalments
One of the most significant advantages of the Great Eastern Cashflo Card is the ability to stretch payments across 3 or 6 months with 0% interest. This feature is particularly useful if you have a large purchase that you want to spread out over several months.
Exclusive Health and Wellness Offers
As a Great Eastern Cashflo Cardholder, you gain access to Great Eastern Life’s Live Great Programme, a holistic health and wellness programme designed to support your best intention for healthy living. This programme offers exclusive discounts and promotions on health and wellness products and services.
Automatic Cash Rebates
The Great Eastern Cashflo Card offers automatic cash rebates of up to 1.2% on all your spending. You can enjoy the benefits of your auto-instalment credit card with hassle-free 3, 6, or 12-month payments. The cash rebate cap per month is S$100, and there is no minimum spend required.
In addition, you can receive 0.3% cash rebates on your premiums for selected Great Eastern Life and Great Eastern General insurance plans. This feature is particularly useful if you have an existing insurance policy with Great Eastern.
In conclusion, the Great Eastern Cashflo Card is an excellent choice if you’re looking for a credit card that offers cash rebates, interest-free instalments, and exclusive health and wellness offers. With its automatic cash rebates and flexible payment options, this card is a great way to manage your spending and save money at the same time.
Understanding Fees and Charges
If you are considering applying for the Great Eastern Cashflo Credit Card, it is important to understand the fees and charges that come with it. This section will provide you with an overview of the annual fees and waivers, processing fees, and interest rates that you need to know.
Annual Fees and Waivers
The OCBC Great Eastern Cashflo Credit Card comes with an annual fee of $160.50. However, the good news is that the annual fee is waived for the first two years. This means that you can enjoy the benefits of the card without having to worry about paying an annual fee for the first two years.
Processing Fees and Interest Rates
One of the unique features of the Great Eastern Cashflo Credit Card is the ability to split your Great Eastern premiums into 12-month instalment payments, interest-free. However, there is a one-time non-refundable processing fee of 1% charged for this service. For example, if your total 12-month interest-free Great Eastern premium is $12,999, the processing fee will be $129.99. The amount payable including the fee and first instalment would be $1,215.99 ($1,086 – first instalment, $129.99 fee), and the amount payable in the subsequent months would just be $1,083 (premium instalment only).
It is also important to note that the interest rate for the Great Eastern premiums charged under a 12-month instalment plan to your card is 0%. This means that you will not be charged any interest on the premiums that you have split into instalments.
In summary, the Great Eastern Cashflo Credit Card is a unique credit card that allows you to split your Great Eastern premiums into 12-month instalment payments, interest-free. While there is a one-time non-refundable processing fee of 1% charged for this service, the interest rate for the premiums charged under a 12-month instalment plan to your card is 0%. Additionally, the annual fee is waived for the first two years, making this a great option for those who want to enjoy the benefits of the card without having to worry about paying an annual fee.
How to Maximise Your Cashflo Card
If you have an OCBC Great Eastern Cashflo Credit Card, you can maximise the benefits by strategically spending and leveraging Great Eastern insurance plans.
Strategic Spending for Maximum Rebates
To maximise your cash rebates, you need to spend strategically. You can earn up to 1.2% cash rebates on your spending, with no minimum spend required.
However, to get the maximum cash rebate of 1.2%, you need to spend at least $2,000 per month. If you spend less than $2,000 per month, you will earn a lower cash rebate.
Also, keep in mind that the cash rebate is capped at $100 per month. So, if you spend more than $8,333 per month, you will not earn any additional cash rebates.
To maximise your cash rebates, you should focus on spending in categories that earn the highest rebates. These categories include dining, petrol, and online shopping. You can also earn cash rebates on your Great Eastern insurance premiums.
Leveraging Great Eastern Insurance Plans
If you have selected Great Eastern Life and Great Eastern General Insurance plans, you can leverage them to maximise your cash rebates.
You can use your Cashflo Card to automatically manage your Great Eastern insurance premiums and other spending. This allows you to enjoy the benefits of your auto-instalment credit card with cash rebates of up to 1.2%.
By using your Cashflo Card to pay for your Great Eastern insurance premiums, you can earn cash rebates on your premiums and stretch your payments across 3, 6, or 12 months with 0% interest.
Overall, by strategically spending and leveraging Great Eastern insurance plans, you can maximise the benefits of your Cashflo Card and earn more cash rebates.
Additional Perks and Privileges
As a Great Eastern Cashflo Cardmember, you have access to several exclusive perks and privileges. Here are some of the additional benefits you can enjoy:
Supplementary Cards for Family
If you want to share the benefits of your Great Eastern Cashflo Card with your family, you can apply for supplementary cards for your loved ones. With supplementary cards, your family members can enjoy the same cash rebates and instalment plans that you do. Plus, you can set spending limits for each card to keep your expenses under control.
Exclusive OCBC Card Promotions
As an OCBC cardmember, you can also take advantage of exclusive promotions and discounts. For example, you can get up to 50% off at participating merchants when you use your OCBC card. You can also earn extra rewards points when you shop online or use your card for travel bookings.
Moreover, OCBC offers a range of other credit card options that you can consider. For example, the OCBC 360 Account is a savings account that offers higher interest rates than most other savings accounts in Singapore. If you’re looking for a card that offers more rewards or benefits, you can explore other options such as the OCBC Titanium Rewards Card or the OCBC 365 Card.
In conclusion, the Great Eastern Cashflo Card is an excellent option for anyone who wants to manage their expenses more effectively. With its cash rebates and instalment plans, you can save money and enjoy greater convenience. Plus, with supplementary cards and exclusive promotions, you can share the benefits with your family and get even more value from your card.
Frequently Asked Questions
What exclusive perks come with the OCBC Great Eastern Cashflo Card?
The OCBC Great Eastern Cashflo Card comes with a range of exclusive perks that help you save money on your daily expenses. You can enjoy cash rebates of up to 1.2% on your insurance premiums and other spending. Additionally, you can get up to 3% savings on your petrol purchases at selected petrol stations.
How can I benefit from the OCBC Cashflo Card’s instalment plans?
The OCBC Cashflo Card’s instalment plans help you manage your expenses by allowing you to split your payments into 3, 6 or 12 monthly instalments. This way, you can avoid paying interest on your purchases and save money. You can also use the instalment plans to manage your Great Eastern insurance premiums.
What steps must I take to set up automatic payments for my Great Eastern credit card?
Setting up automatic payments for your Great Eastern credit card is easy. All you need to do is log in to your Great Eastern account and select the “Auto Debit” option. Then, choose your preferred payment method and set the payment amount and frequency. Once you’ve set up automatic payments, you can sit back and relax, knowing that your payments will be made on time every month.
Are there any special rewards for using the OCBC Great Eastern Credit Card?
Yes, there are! When you use your OCBC Great Eastern Credit Card, you can earn rewards points that you can redeem for a variety of exciting rewards, including shopping vouchers, air miles, and more. You can also enjoy exclusive discounts and promotions at selected merchants.
How does one qualify for the OCBC Cashflo Card’s trigger amount?
To qualify for the OCBC Cashflo Card’s trigger amount, you need to have a minimum monthly income of $1,000 and a minimum credit limit of $500. You also need to be a Singaporean or Permanent Resident aged 21 years and above.
What’s the process for requesting an annual fee waiver on my OCBC credit card?
To request an annual fee waiver on your OCBC credit card, you can call the OCBC customer service hotline or visit a branch. You’ll need to provide some basic information about your account, such as your name and credit card number. The customer service representative will then review your account and let you know if you’re eligible for an annual fee waiver.