If you’re looking for a credit card that rewards you for your everyday spending, the OCBC 365 Credit Card might be just what you need. With cashback on a variety of categories, from dining to petrol, you can earn rewards on the things you already spend money on. In this article, we’ll take a closer look at the key features of the OCBC 365 Credit Card and how you can maximise your cashback.
One of the standout features of the OCBC 365 Credit Card is its cashback categories and rewards. You can earn up to 6% cashback on petrol spending, 5% cashback on dining and food delivery, and 3% cashback on groceries, public transport, ride-hailing, pharmacy, streaming, and EV charging. Additionally, you can earn 0.3% cashback on all other spending. These rewards can add up quickly, especially if you’re a frequent spender in these categories.
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 to apply. The application process is straightforward and can be done online or in-person at an OCBC branch. In the next section, we’ll take a closer look at how you can maximise your cashback with the OCBC 365 Credit Card.
Key Takeaways
- The OCBC 365 Credit Card offers cashback rewards on a variety of categories, including petrol, dining, and groceries.
- To be eligible for the card, you must meet certain income and residency requirements.
- By using the card for your everyday spending and taking advantage of its cashback categories, you can maximise your rewards and earn significant cashback over time.
Key Features of OCBC 365 Credit Card
If you are looking for a credit card that rewards you for everyday spending, the OCBC 365 Credit Card might be worth considering. Here are some of the key features of this card:
Cashback Benefits
With the OCBC 365 Credit Card, you can earn cashback on a variety of spending categories. Here’s a breakdown of the cashback rates:
- 6% cashback on dining, both locally and overseas
- 5% cashback on online food delivery, including local and overseas options
- 3% cashback on groceries, both locally and overseas, as well as on land transport, online travel bookings, and recurring telco and electricity bills
- 0.3% cashback on all other spending categories
Additionally, OCBC 365 Credit Cardholders can enjoy up to 22.92% fuel savings at Caltex petrol stations.
Annual Fees and Waivers
The OCBC 365 Credit Card has an annual fee of $192.60, which is waived for the first two years. To continue enjoying the annual fee waiver, you need to spend a minimum of $10,000 per year on your card.
Interest Rates and EIR
The interest rate for the OCBC 365 Credit Card is 26.88% per annum. The effective interest rate (EIR) for this card is 29.96% per annum, assuming that you make the minimum payment of 3% of your outstanding balance each month.
Overall, the OCBC 365 Credit Card is a great option if you are looking for a card that rewards you for everyday spending. With its generous cashback rates and fuel savings, it can help you save money on a variety of expenses.
Cashback Categories and Rewards
The OCBC 365 credit card is one of the most popular cashback credit cards in Singapore. With its attractive cashback rewards across various spending categories, it is a great choice for those looking to earn cashback on their daily expenses.
Dining and Food Delivery
If you love dining out or ordering in, the OCBC 365 credit card is perfect for you. You can earn up to 6% cashback on your dining expenses at selected restaurants, cafes and fast food chains. This includes popular food delivery services such as Deliveroo, Foodpanda, and GrabFood.
Groceries and Daily Expenses
The OCBC 365 credit card also offers cashback on your daily expenses, including groceries, petrol, and transport. You can earn up to 3% cashback on your groceries at selected supermarkets, including Cold Storage, Giant, and Sheng Siong. You can also earn up to 6% cashback on your petrol expenses at selected petrol stations, including Caltex and Esso.
Fuel Spend and Transport
If you frequently use public transport, the OCBC 365 credit card is a great choice for you. You can earn up to 3% cashback on your public transport expenses, including MRT, bus, and taxi rides. You can also earn up to 6% cashback on your petrol expenses at selected petrol stations, including Caltex and Esso.
Utilities and Recurring Bills
The OCBC 365 credit card also offers cashback on your utility bills and recurring expenses. You can earn up to 3% cashback on your electricity bills, and up to 5% cashback on your telco bills. This includes popular telco providers such as Singtel, Starhub, and M1.
Overall, the OCBC 365 credit card is a great choice for those looking to earn cashback on their daily expenses. With its attractive cashback rewards across various spending categories, it is a great way to save money on your daily expenses.
Eligibility and Application Process
If you’re looking for a credit card that gives you cashback on your everyday spending, the OCBC 365 Credit Card might be the perfect fit for you. Here’s what you need to know about the eligibility and application process.
Minimum Annual Income
To be eligible for the OCBC 365 Credit Card, you must meet the minimum annual income requirements. If you’re a Singaporean or Singapore PR, you must have an annual income of at least £17,000. If you’re a foreigner, you must have an annual income of at least £25,000.
Eligibility Requirements
In addition to meeting the minimum annual income requirements, you must also meet the following eligibility requirements:
- You must be at least 21 years old
- You must have a good credit score
- You must not have any outstanding debts with OCBC Bank
Sign-Up Promotions
If you’re a new OCBC Credit Card customer, you can enjoy sign-up promotions when you apply for the OCBC 365 Credit Card. For example, you can get S$60 cashback if you sign up for a Credit Card via MyInfo by 30 June 2020. This promotion is limited to the first 1,000 approved applications.
To apply for the OCBC 365 Credit Card, you can visit the OCBC Bank website and fill out an online application form. You’ll need to provide your personal and financial information, as well as your employment details. Once you’ve submitted your application, it will be reviewed by the bank, and you’ll be notified of the status of your application within a few days.
Overall, the OCBC 365 Credit Card is a great option for anyone who wants to earn cashback on their everyday spending. With its generous rewards program and sign-up promotions, it’s definitely worth considering if you’re in the market for a new credit card.
Maximising Your Cashback
If you are looking to get the most out of your OCBC 365 credit card, there are a few things you can do to maximise your cashback. In this section, we will cover some strategies you can use to make the most of your card.
Strategic Spending
One of the best ways to maximise your cashback is to use your card strategically. For example, you can earn 6% cashback on dining and online food delivery, 3% on groceries, land transport, online travel bookings, and recurring telco and electricity bills, and 5% on petrol (up to 22.1% at Caltex). By focusing your spending on these categories, you can earn more cashback.
Cashback Cap and Minimum Spend
It is important to keep in mind that there is a cashback cap of S$80 per month and a minimum spend of S$800 per month to qualify for cashback. If you spend less than S$800 per month, you will not earn any cashback. However, if you spend more than S$1,600 per month, you can earn up to S$160 cashback. Keep this in mind when planning your spending.
Partner Retailers and Promotions
Another way to maximise your cashback is to take advantage of partner retailers and promotions. For example, you can earn 22.92% of fuel savings at Caltex (18% instant discount + 6% cashback on all fuel spend). You can also earn 3% cashback at Pharmacy, Streaming and Electric Vehicle. Keep an eye out for promotions and special offers from partner retailers to earn even more cashback.
Overall, the OCBC 365 credit card is a great way to earn cashback on your everyday spending. By using your card strategically, keeping the cashback cap and minimum spend in mind, and taking advantage of partner retailers and promotions, you can maximise your cashback and get the most out of your card.
Additional Perks and Services
If you are looking for more than just cashback, the OCBC 365 Credit Card has got you covered with a range of exclusive deals and vouchers, insurance and protection, and additional perks for online and overseas spending.
Exclusive Deals and Vouchers
As an OCBC 365 Credit Cardholder, you can enjoy exclusive deals and discounts at various merchants. You can also redeem vouchers using your OCBC$ or pay with your OCBC Rewards Card to get even more benefits. Keep an eye on the OCBC website and mobile app for the latest deals and promotions.
Insurance and Protection
The OCBC 365 Credit Card also offers complimentary travel insurance coverage of up to $500,000 when you charge your travel tickets to your card. Additionally, you can enjoy purchase protection for up to 90 days and extended warranty for up to one year on your purchases made with the card.
Online and Overseas Spending
With the OCBC 365 Credit Card, you can earn cashback on your online and overseas spending too. You can earn up to 3% cashback on your online purchases and up to 6% cashback on your overseas spending. Plus, you can enjoy a waiver of the foreign currency transaction fee when you spend in foreign currency.
In conclusion, the OCBC 365 Credit Card offers more than just cashback. With a range of exclusive deals and vouchers, insurance and protection, and additional perks for online and overseas spending, you can get even more value from your card. So why settle for just cashback when you can get so much more?
Frequently Asked Questions
How can you maximise your cashback with the OCBC 365 Credit Card?
To maximise your cashback with the OCBC 365 Credit Card, you should use it for your daily expenses such as dining, groceries, fuel, and transport. The card offers cashback of up to 6% on dining, 3% on groceries and transport, and 5% on fuel at all petrol stations. You can also earn up to S$160 cashback when you spend a minimum of S$1,600.
What are the latest promotions available for the OCBC 365 Credit Card?
OCBC frequently offers promotions for their 365 Credit Card, such as cashback on specific categories or discounts on selected merchants. Check the OCBC website or app for the latest promotions available for the card.
What is the minimum spend required to qualify for cashback on the OCBC 365 Credit Card?
To qualify for cashback on the OCBC 365 Credit Card, you need to spend a minimum of S$800 per statement month. The more you spend, the higher your cashback will be.
How do you redeem the cashback earned on your OCBC 365 Credit Card?
The cashback earned on your OCBC 365 Credit Card will be credited to your card account automatically every month. You can use the cashback to offset your card bills or redeem it for other rewards such as vouchers or miles.
Are there any exclusive benefits for OCBC 365 Credit Card holders?
Yes, there are exclusive benefits for OCBC 365 Credit Card holders such as discounts on dining, travel, and entertainment. You can also enjoy special deals and promotions with selected merchants.
Can you explain the cashback terms and conditions for the OCBC 365 Credit Card?
The cashback terms and conditions for the OCBC 365 Credit Card include a minimum spend requirement of S$800 per statement month, a cap of S$80 or S$160 cashback per month depending on your spending tier, and exclusions for certain transactions such as bill payments and online purchases. Make sure to read the terms and conditions carefully to fully understand how to earn and redeem your cashback.
By using the OCBC 365 Credit Card for your daily expenses, you can enjoy generous cashback rewards and exclusive benefits. Keep in mind the minimum spend requirement and read the terms and conditions carefully to maximise your cashback and get the most out of your card.