If you’re looking for a credit card that gives you cashback on your everyday expenses, the OCBC 365 Credit Card might be the right choice for you. With its generous cashback rewards on dining, groceries, petrol, and other daily essentials, this card is a popular option among Singaporeans. In this article, we’ll review the OCBC 365 Credit Card in Singapore and explore its benefits, fees, and eligibility criteria.
The OCBC 365 Credit Card is one of the best cashback credit cards in Singapore, offering up to 6% cashback on dining, 3% on groceries, land transport, online travel bookings, and recurring telco and electricity bills, and 5% on petrol (up to 22.1% at Caltex). With no minimum spend required, it’s a great option for those who want to earn cashback on their everyday expenses without having to spend a lot. In addition, the card offers a range of other benefits, such as discounts on dining and shopping, as well as access to exclusive events and promotions.
If you’re interested in getting the OCBC 365 Credit Card, it’s important to understand its fees and charges, as well as its eligibility criteria. You’ll need to have a minimum income of $30,000 per annum, or $45,000 for foreigners, and be at least 21 years old. There are also fees for late payments, cash advances, and foreign currency transactions, so be sure to read the fine print before applying.
Card Overview and Benefits
If you’re looking for a credit card that rewards you for your daily expenses, the OCBC 365 Credit Card is a great option to consider. This card offers cashback rewards across a wide range of categories, including dining, groceries, petrol, and more.
Cashback Rewards and Categories
The OCBC 365 Credit Card offers some of the highest cashback rates in Singapore. You can earn up to 6% cashback on dining, including local, overseas, and online food delivery. Additionally, you can earn 3% cashback on groceries, land transport, online travel bookings, and recurring telco and electricity bills. For petrol, you can earn 5% cashback (up to 22.1% at Caltex).
The cashback rewards are capped at $80 per month, which is a reasonable amount for most people’s daily expenses.
Annual Fee and Waivers
The OCBC 365 Credit Card has an annual fee of $192.60, which may seem high at first. However, the first two years’ annual fees are waived, which means you can enjoy the benefits of the card without any upfront costs.
To continue enjoying the annual fee waiver, you’ll need to spend a minimum of $10,000 per year on your card. This might seem like a lot, but if you use your card for your daily expenses, it’s easy to meet this requirement.
Overall, the OCBC 365 Credit Card is a great option for anyone looking to earn cashback on their daily expenses. With high cashback rates and a reasonable cashback cap, this card can help you save money on your daily expenses without any additional effort.
Earning Cashback
With the OCBC 365 credit card, you can earn cashback on your everyday spending, making it one of the best cashback cards for typical consumers in Singapore. Here’s how you can earn cashback on your spending:
Local and Overseas Spend
You can earn cashback on both local and overseas spending with the OCBC 365 credit card. For local spending, you can earn up to 6% cashback on dining and online food delivery, 3% on groceries, land transport, online travel bookings, and recurring telco and electricity bills. For overseas spending, you can earn up to 3% cashback on all your purchases.
Dining and Groceries
If you’re a foodie, you’ll love the OCBC 365 credit card. You can earn up to 6% cashback on dining and online food delivery, including fast food chains, cafes, and restaurants. You can also earn up to 3% cashback on groceries, including supermarkets, online grocery stores, and specialty stores.
Fuel Savings and Transport
The OCBC 365 credit card also offers great fuel savings and transport benefits. You can earn up to 5% cashback on petrol at Caltex and Esso, and up to 22.1% savings at Caltex. You can also earn up to 3% cashback on land transport, including taxi rides, bus and train rides, and car rentals.
Overall, the OCBC 365 credit card is a great cashback card for everyday spenders in Singapore. With its attractive cashback rates and comprehensive coverage of various categories, you can save big on your daily expenses.
Understanding Fees and Charges
When considering a credit card, it’s important to understand the fees and charges that come with it. The OCBC 365 Credit Card is no exception. In this section, we’ll go over the various fees and charges associated with this card, so you can make an informed decision.
Transaction Fees
The OCBC 365 Credit Card charges a foreign currency transaction fee of 2.8% for transactions made in a foreign currency. This fee is calculated based on the Singapore dollar equivalent of the foreign currency transaction amount. It’s important to