If you’re looking for a credit card that offers great cashback rewards for your everyday spending, you might want to consider the OCBC 365 Credit Card. This credit card offers a range of exclusive cashback benefits that can help you save money on your daily expenses. With the OCBC 365 Credit Card, you can earn up to 6% cashback on your fuel spend, 5% cashback on dining and food delivery, and 3% cashback on groceries, public transport, ride-hailing, pharmacy, streaming, and EV charging.
In addition to the cashback benefits, the OCBC 365 Credit Card also offers a range of additional perks and promotions. This includes discounts on dining and travel, as well as complimentary travel insurance coverage. With the OCBC 365 Credit Card, you can also enjoy exclusive deals and discounts from a range of partner merchants.
If you’re interested in applying for the OCBC 365 Credit Card, it’s important to understand the fees and charges that come with it. This includes an annual fee of $192.60, which is waived for the first two years. There are also fees for cash advances, late payments, and overseas transactions. 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 $30,000.
Key Takeaways
- The OCBC 365 Credit Card offers great cashback rewards for everyday spending, including up to 6% cashback on fuel spend, 5% cashback on dining and food delivery, and 3% cashback on groceries, public transport, ride-hailing, pharmacy, streaming, and EV charging.
- In addition to cashback benefits, the card also offers discounts on dining and travel, as well as complimentary travel insurance coverage and exclusive deals and discounts from partner merchants.
- Fees and charges associated with the card include an annual fee of $192.60 (waived for the first two years), as well as fees for cash advances, late payments, and overseas transactions. Eligibility requirements include being a Singaporean or Singapore PR above 21 years old with an annual income of at least $30,000.
OCBC 365 Credit Card Overview
If you’re looking for a credit card that can help you save money on your daily expenses, the OCBC 365 Credit Card might be the one for you. This credit card offers a range of cashback benefits across various categories, including dining, petrol, groceries, public transport, ride-hailing, pharmacy, streaming, and EV charging.
To be eligible for the OCBC 365 Credit Card, you must be a Singapore citizen, permanent resident, or a foreigner with an employment pass. The annual fee for the card is $192.60, but it is waived for the first two years. To qualify for the annual fee waiver, you must spend at least $10,000 per year on your card.
The minimum annual income requirement for Singapore citizens and permanent residents is $30,000, while for foreigners with an employment pass, it is $45,000. If you meet these criteria, you can apply for the OCBC 365 Credit Card online or at any OCBC bank branch.
With the OCBC 365 Credit Card, you can earn cashback on your everyday spending, making it a great option for those looking to save money. Here are some of the key benefits of the card:
- 6% cashback on petrol spend at all petrol service stations locally and overseas
- 5% cashback on dining, including local, overseas, and online food delivery
- 3% cashback on groceries, land transport, online travel, recurring telco and electricity bills
- 0.3% cashback on everything else
The OCBC 365 Credit Card offers a range of benefits that can help you save money on your daily expenses. Whether you’re a Singapore citizen, permanent resident, or a foreigner with an employment pass, you can apply for this card and start earning cashback today.
Exclusive Cashback Benefits
With the OCBC 365 Credit Card, you can enjoy exclusive cashback benefits on a wide range of spending categories. Here are some of the cashback benefits you can look forward to:
Dining and Everyday Dining
You can earn up to 6% cashback on dining transactions at restaurants, cafes, and fast food outlets. This includes both local and overseas dining transactions. Additionally, you can enjoy up to 3% cashback on everyday dining transactions, including those made at hawker centres, cafes and coffee shops.
Groceries and Daily Necessities
If you are looking to save on your monthly grocery bills, the OCBC 365 Credit Card is the perfect choice for you. You can earn up to 3% cashback on groceries and daily necessities, including those made at supermarkets and Best Denki outlets.
Fuel and Transport
With the OCBC 365 Credit Card, you can enjoy up to 22.92% fuel savings at Caltex and up to 20.2% fuel savings at Esso. You can also earn up to 6% cashback on petrol transactions made at all petrol service stations locally and overseas. On top of that, you can earn up to 3% cashback on land transport transactions, including those made with Grab, taxi rides, private hire rides and SimplyGo.
Online and Lifestyle Spending
If you are a fan of online shopping, you can earn up to 3% cashback on online transactions made at popular e-commerce websites, including those made for online food delivery, streaming, music, and arts. You can also earn up to 3% cashback on other lifestyle transactions, including those made for insurance and recurring bills.
Bill Payments and Recurring Charges
With the OCBC 365 Credit Card, you can earn up to 3% cashback on recurring telco and electricity bills. You can also earn up to 3% cashback on other recurring charges, including those made for utilities and insurance. There is no minimum spend required to enjoy these cashback benefits, making the OCBC 365 Credit Card the perfect choice for those looking to save on their monthly bills.
Overall, the OCBC 365 Credit Card offers a wide range of cashback benefits that can help you save on your daily expenses. With no cashback cap and a low minimum spend of just $800, this credit card is a great choice for those looking to maximise their savings.
Additional Perks and Promotions
As an OCBC 365 cardholder, you can enjoy exclusive promotions and perks that make your card even more rewarding.
Exclusive OCBC Card Promotions
OCBC regularly offers promotions to its cardholders, including discounts on dining, travel, and shopping. Keep an eye on the OCBC website or mobile app to stay up-to-date on the latest promotions.
Travel and Overseas Spend
If you’re a frequent traveller, the OCBC 365 card is a great choice. You can earn 6% cashback on fuel spend at petrol service stations both locally and overseas. Additionally, you can enjoy a waiver of the foreign currency transaction fee when you use your card for overseas spend. This makes the card an excellent choice for those who frequently travel abroad.
Lifestyle Advantages
The OCBC 365 card offers cashback on a range of lifestyle expenses, including dining, groceries, and streaming services. You can earn 5% cashback on dining, including local, overseas, and online food delivery. You can also earn 3% cashback on groceries, streaming services, and recurring bills for utilities, land transport, and telecoms.
Transportation Conveniences
The OCBC 365 card also offers cashback on transportation expenses such as taxi rides and private hire rides. You can earn 3% cashback on all land transport expenses, including bus and train rides. This makes the card an excellent choice for those who frequently use public transportation.
Overall, the OCBC 365 card is an excellent choice for those looking for a card that offers cashback on a wide range of expenses, including travel and transportation. With its exclusive promotions and cashback rewards, the card is an excellent choice for anyone looking to make the most of their spending.
Understanding Fees and Charges
When it comes to credit cards, it’s important to understand the fees and charges associated with them. In this section, we’ll break down the fees and charges associated with the OCBC 365 Credit Card.
Annual Fees and Waivers
The OCBC 365 Credit Card charges an annual fee of $196.20, but the fee is waived for the first two years. To continue enjoying the fee waiver, you need to spend at least $10,000 in a year, starting from the month after your card was issued. If you fail to meet this spending requirement, you’ll be charged the annual fee.
Interest Rates and Charges
The interest rate for the OCBC 365 Credit Card is 25.92% per annum. This rate applies to both retail transactions and cash advances. Additionally, there is a cash advance transaction fee of 6% of the amount withdrawn or $15, whichever is higher.
Transaction Fees
The OCBC 365 Credit Card has a foreign currency transaction fee of 2.8%. This fee applies to transactions made in a currency other than Singapore dollars. There is also a late payment charge of $100 if the minimum payment is not received by the due date.
It’s important to note that balance transfers and overlimit fees are not mentioned in the search results and thus, we cannot provide information on them.
Overall, it’s important to understand the fees and charges associated with any credit card, including the OCBC 365 Credit Card. By doing so, you can make informed decisions about how to use your card and avoid unnecessary fees.
Eligibility and Application Process
Eligibility Criteria
Before applying for the OCBC 365 Credit Card, you must ensure that you meet the eligibility criteria. The eligibility criteria for the OCBC 365 Credit Card are as follows:
- You must be a Singapore citizen, Permanent Resident or Foreigner with a valid Employment Pass.
- You must be at least 21 years old.
- Your minimum annual income should be at least S$30,000 for Singaporeans and Permanent Residents and S$45,000 for Foreigners.
- You must meet the minimum spending requirement of S$800 per month to qualify for the cashback.
Application Steps
Applying for the OCBC 365 Credit Card is a simple and straightforward process. You can apply for the card online or at any OCBC branch. Here are the steps to apply for the OCBC 365 Credit Card:
- Visit the OCBC website and click on the “Apply Now” button.
- Fill in your personal details, including your NRIC or Passport number, and submit your application.
- If you have MyInfo, you can use it to pre-fill the application form and skip the need for submitting additional documents.
- Submit the required documents, including your latest payslip or Income Tax Notice of Assessment.
- Wait for approval, which usually takes 7-10 working days.
Once your application is approved, you will receive your OCBC 365 Credit Card within 7-10 working days. You can start using your card immediately and enjoy the cashback benefits on your everyday spending.
In conclusion, the OCBC 365 Credit Card is an excellent choice for those looking to save on their daily expenses. With its attractive cashback rates and easy application process, it is a card that is definitely worth considering.
Frequently Asked Questions
What tantalising benefits can one expect from the OCBC 365 Credit Card?
The OCBC 365 Credit Card is designed to offer you great value for your everyday spending. With this card, you can enjoy up to 6% cashback on dining, 5% cashback on petrol, and 3% cashback on groceries, public transport, ride-hailing, pharmacy, streaming, and EV charging. Additionally, you can get up to S$160 cashback when you spend a minimum of S$1,600 (or up to S$80 cashback when you spend a minimum of S$800) with the card.
How can you maximise cashback with the OCBC 365 Credit Card?
To maximise cashback with the OCBC 365 Credit Card, you should use it for your everyday spending, such as dining, petrol, and groceries. You should also keep an eye out for the cashback categories that change every quarter, so you can plan your spending accordingly. Additionally, you can use the card for online shopping, as it offers cashback on e-commerce platforms such as Lazada and Shopee.
Are there any exciting promotions currently available for OCBC 365 Credit Card holders?
Yes, currently OCBC 365 Credit Card holders can enjoy up to S$80 cashback on their first two eligible transactions made on the OCBC Pay Anyone app. Additionally, they can get 5% cashback on their first two transactions made on the Grab app.
What are the conditions to be aware of for the OCBC 365 Credit Card cashback?
To be eligible for cashback with the OCBC 365 Credit Card, you must spend a minimum of S$800 or S$1,600 per statement month, depending on the cashback tier you are on. Additionally, cashback is capped at S$80 or S$160 per statement month, depending on your spending.
What’s the minimum spend required to enjoy the full suite of OCBC 365 Credit Card perks?
To enjoy the full suite of OCBC 365 Credit Card perks, you must spend at least S$800 per statement month. This will entitle you to 3% cashback on groceries, public transport, ride-hailing, pharmacy, streaming, and EV charging, as well as 5% cashback on petrol and 6% cashback on dining.
How does the OCBC 365 Credit Card stack up against other cards in terms of value?
Compared to other credit cards in Singapore, the OCBC 365 Credit Card offers great value for everyday spending. Its cashback rates are competitive, and its quarterly rotating categories offer variety and flexibility. Additionally, the card’s low annual fee of S$192.60 makes it affordable for most people.