Are you looking for a credit card that can help you save money on everyday expenses? If so, the OCBC 365 Credit Card may be just what you need. With this card, you can earn cashback on dining, groceries, fuel, and online food delivery, among other things. In this article, we will provide an overview of the OCBC 365 Credit Card and explain how you can maximise your cashback.
The OCBC 365 Credit Card is one of the most popular cashback credit cards in Singapore. It offers up to 6% cashback on dining, groceries, and online food delivery, as well as up to 22.92% fuel savings at Caltex stations and up to 20.2% fuel savings at Esso stations. In addition, you can earn 3% cashback on online air and cruise tickets, recurring telco bills, and more. The card also comes with a range of other benefits, including access to exclusive promotions and partnerships.
To be eligible for the OCBC 365 Credit Card, you must be a Singapore citizen or permanent resident with an annual income of at least $30,000. Foreigners must have an annual income of at least $45,000. The card has an annual fee of $192.60, which is waived for the first two years. If you’re looking for a credit card that can help you save money on everyday expenses, the OCBC 365 Credit Card is definitely worth considering.
Key Takeaways
- The OCBC 365 Credit Card offers up to 6% cashback on dining, groceries, and online food delivery, as well as up to 22.92% fuel savings at Caltex stations and up to 20.2% fuel savings at Esso stations.
- To be eligible for the card, you must be a Singapore citizen or permanent resident with an annual income of at least $30,000. Foreigners must have an annual income of at least $45,000.
- The card has an annual fee of $192.60, which is waived for the first two years.
OCBC 365 Credit Card Overview
If you’re looking for a credit card that offers a range of cashback benefits, the OCBC 365 Credit Card could be the right choice for you. With a variety of features and benefits, this card is designed to help you save money on everyday spending.
Key Features and Benefits
The OCBC 365 Credit Card offers a range of benefits that can help you save money on a variety of everyday expenses. Some of the key features of this card include:
Cashback rewards: With the OCBC 365 Credit Card, you can earn cashback on a range of everyday expenses, including dining, groceries, petrol, and more. You can earn up to 6% cashback on dining and online food delivery, 3% cashback on groceries, and 5% cashback on petrol.
Annual fee waiver: The OCBC 365 Credit Card offers an annual fee waiver for the first two years, which can help you save money on card fees.
Additional perks: In addition to cashback rewards, the OCBC 365 Credit Card also offers a range of additional perks, including discounts on travel bookings, access to exclusive events, and more.
Understanding Cashback Rewards
Cashback rewards are a key feature of the OCBC 365 Credit Card, and can help you save money on a range of everyday expenses. To earn cashback rewards, simply use your card for eligible purchases, such as dining, groceries, petrol, and more.
The amount of cashback you can earn depends on the type of purchase you make. For example, you can earn up to 6% cashback on dining and online food delivery, 3% cashback on groceries, and 5% cashback on petrol.
Overall, the OCBC 365 Credit Card is a great choice for anyone looking to save money on everyday expenses. With a range of cashback benefits and additional perks, this card can help you make the most of your spending in Singapore.
Eligibility and Fees
Income Requirements
To be eligible for the OCBC 365 Credit Card, you must be a Singaporean or Singapore PR above 21 years old with an annual income of at least S$30,000. Foreigners above 21 years old with an annual income of at least S$45,000 are also eligible.
Annual Fees and Waivers
The OCBC 365 Credit Card has an annual fee of S$192.60, which is waived for the first two years. After that, you can enjoy a waiver of the annual fee for subsequent years by spending a minimum of S$10,000 per year on your card.
It is worth noting that the minimum monthly spend required to earn cashback is S$800, and you can earn a maximum cashback of S$80 per month. If you spend S$1,600 or more per month, you can earn up to S$160 cashback per month.
Overall, the OCBC 365 Credit Card is a great option for those who want to earn cashback on their everyday spending. With its competitive cashback rates and extensive list of eligible merchants, this card is a great choice for anyone looking to save money on their daily expenses.
Maximising Cashback
If you’re looking to maximise your cashback rewards with the OCBC 365 Credit Card, here are some tips to help you get the most out of your spending.
Dining and Groceries
The OCBC 365 Credit Card offers 6% cashback on dining and online food delivery, as well as 3% cashback on groceries. To maximise your cashback in these categories, consider dining out or ordering in more frequently, and make sure to do your grocery shopping with your OCBC 365 Credit Card.
Transport and Fuel
The OCBC 365 Credit Card offers 5% cashback on petrol spend (up to 22.1% at Caltex), as well as 3% cashback on land transport, such as bus and train rides. To maximise your cashback in these categories, consider using your OCBC 365 Credit Card to pay for your daily commute, and make sure to fill up your petrol at Caltex to get the maximum fuel savings.
Utilities and Bills
The OCBC 365 Credit Card offers 3% cashback on recurring telco and electricity bills, as well as online travel bookings. To maximise your cashback in these categories, consider switching your telco and electricity providers to those that accept credit card payments, and make sure to book your travel online using your OCBC 365 Credit Card.
Remember, to qualify for cashback rewards on the OCBC 365 Credit Card, you must meet the minimum spend of $800 per month, and cashback is capped at $80 per month. By following these tips, you can maximise your cashback rewards and get the most out of your OCBC 365 Credit Card.
Exclusive Promotions and Partnerships
If you’re looking for a credit card that offers exclusive promotions and partnerships, then the OCBC 365 Credit Card is definitely worth considering. Here are some of the exclusive offers that you can enjoy with this card.
Sign-Up Offers
When you sign up for the OCBC 365 Credit Card, you can enjoy a range of sign-up offers. For instance, you can get S$150 cashback when you spend a minimum of S$350 within 30 days of card application approval. Additionally, you can also get a Hinomi Q1 Ergonomic Chair (worth S$499) OR a Samsung 27-inch Smart Monitor M5 (worth S$432) OR S$300 GrabGifts Vouchers OR S$250 Cash via PayNow when you apply and spend a min. of S$500 in Qualifying Spend within 30 days of card approval. T&Cs apply. Valid until 14 Feb 2024.
Merchant Discounts and Deals
The OCBC 365 Credit Card also offers a range of merchant discounts and deals. For example, you can enjoy up to 22.92% of fuel savings at Caltex (18% instant discount + 6% cashback on all fuel spend). You can also enjoy up to 20.1% fuel savings at Esso (up to 18.3% onsite + up to 1.8% Smiles Card discount) when you pay with your OCBC 365 Credit Card.
Furthermore, you can enjoy exclusive discounts and deals when you shop at RedMart. With your OCBC 365 Credit Card, you can get S$10 off your first order and free delivery for your first 30 days. Plus, you can enjoy 8% off your total bill every day when you spend a minimum of S$120 at RedMart.
Overall, the OCBC 365 Credit Card is a great option if you’re looking for a credit card that offers exclusive promotions and partnerships. With its sign-up offers and merchant discounts and deals, you can save money and enjoy great benefits when you use this card.
Comparative Analysis
OCBC 365 Card vs Competitors
When it comes to cashback credit cards in Singapore, the OCBC 365 Card is a popular choice. However, it’s always important to compare and contrast different options before making a decision. Here, we’ll take a closer look at how the OCBC 365 Card stacks up against some of its competitors.
UOB One Card
The UOB One Card is another popular cashback credit card in Singapore. While the OCBC 365 Card offers cashback for a variety of categories, the UOB One Card focuses on just a few key areas. With the UOB One Card, you can earn up to 5% cashback on your spendings for a range of categories, including groceries, petrol, and utilities. However, you’ll need to spend at least $500 on your card each month to qualify for the cashback.
Citi Cash Back Card
The Citi Cash Back Card is another option to consider. With this card, you can earn up to 8% cashback on your spendings for a variety of categories, including dining, groceries, and petrol. However, there are some limitations to keep in mind. For example, the cashback is capped at $25 per category per month, and you’ll need to spend at least $888 on your card each month to qualify for the cashback.
POSB Everyday Card
The POSB Everyday Card is another popular cashback credit card in Singapore. With this card, you can earn cashback on a range of categories, including groceries, telco bills, and petrol. However, the cashback rates are generally lower than those offered by the OCBC 365 Card. For example, the base cashback rate for the POSB Everyday Card is just 0.3%, compared to the 3% to 6% offered by the OCBC 365 Card.
Overall, the OCBC 365 Card is a strong contender in the cashback credit card market in Singapore. While there are other options to consider, the OCBC 365 Card offers a good balance of cashback rates, categories, and flexibility. If you’re looking for a cashback credit card that can help you save money on your everyday spendings, the OCBC 365 Card is definitely worth considering.
Frequently Asked Questions
How can I maximise my rewards with the OCBC 365 Credit Card?
To maximise your rewards with the OCBC 365 Credit Card, you can make use of the 6% cashback on dining, online travel, groceries, telco bills, and petrol. You can also earn 3% cashback on online air and cruise tickets, and recurring telco bills. Additionally, you can earn 0.25% cashback on all other transactions. By using your OCBC 365 Credit Card for all your daily expenses, you can earn cashback on every transaction and maximise your rewards.
What are the latest promotions available for the OCBC 365 Credit Card?
The latest promotions available for the OCBC 365 Credit Card can be found on the OCBC Bank website. These promotions may include cashback offers, discounts, and other rewards. Be sure to check the website regularly to stay up-to-date with the latest promotions.
In what ways can the OCBC 365 Credit Card cashback be utilised?
The cashback earned on your OCBC 365 Credit Card can be used to offset your credit card bill or redeemed for vouchers or other rewards. You can also choose to donate your cashback to selected charities. The choice is yours.
What are the eligibility criteria for the OCBC 365 Credit Card cashback?
To be eligible for the OCBC 365 Credit Card cashback, you must be a Singaporean or Permanent Resident and have a minimum income of $30,000 per annum. You must also be at least 21 years old.
How do I go about redeeming cashback earned on my OCBC 365 Credit Card?
To redeem your cashback earned on your OCBC 365 Credit Card, simply log in to your OCBC Bank account and select the “Rewards” tab. From there, you can choose to redeem your cashback for vouchers or other rewards. Alternatively, you can choose to offset your credit card bill with your cashback.
Can you explain the terms and conditions associated with the OCBC 365 Credit Card cashback?
The terms and conditions associated with the OCBC 365 Credit Card cashback can be found on the OCBC Bank website. These terms and conditions may include minimum spend requirements, exclusions, and other restrictions. Be sure to read and understand the terms and conditions before using your OCBC 365 Credit Card to earn cashback.