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 right choice for you. This cashback credit card offers rebates on dining, groceries, petrol, land transport, online travel bookings, and recurring telco and electricity bills. With the OCBC 365 Credit Card, 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, and 5% on petrol (up to 22.1% at Caltex).
One of the key features of the OCBC 365 Credit Card is that it offers cashback on a wide range of categories. This makes it a great option for those who want to earn rebates on their everyday expenses. In addition, the card offers a competitive interest rate, making it a good choice for those who want to avoid high interest charges.
If you’re considering applying for the OCBC 365 Credit Card, it’s important to understand the fees and charges associated with the card. While the card offers a range of benefits, it also has an annual fee and other charges that you’ll need to be aware of. By understanding these fees and charges, you can make an informed decision about whether the card is right for you.
Key Takeaways
- The OCBC 365 Credit Card offers cashback on a wide range of categories, making it a good choice for those who want to earn rebates on everyday expenses.
- The card offers a competitive interest rate, making it a good choice for those who want to avoid high interest charges.
- It’s important to understand the fees and charges associated with the card before applying.
Key Features of OCBC 365 Credit Card
If you’re looking for a credit card that offers great cashback benefits across multiple categories, the OCBC 365 Credit Card might be the perfect fit for you. Here are some of the key features of this card that you should know:
Cashback Benefits
The OCBC 365 Credit Card offers cashback benefits across a range of categories, including dining, groceries, petrol, and more. Here’s a breakdown of the cashback rates:
- 6% cashback on fuel 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
There is a minimum spend of $800 per month to qualify for the cashback benefits, and there is also a cashback cap of $80 per month.
Annual Fee and Waivers
The OCBC 365 Credit Card has an annual fee of $192.60, but this fee is automatically waived for the first two years if you spend a minimum of $10,000 per year. Additionally, the annual fee can be waived for subsequent years if you spend a minimum of $10,000 per year.
Eligibility and Application Process
To be eligible for the OCBC 365 Credit Card, you must be a working adult in Singapore and either a Singapore citizen or a permanent resident. Foreigners are also eligible if they have a valid employment pass or work permit.
You can apply for the OCBC 365 Credit Card online through the OCBC website. To apply, you will need to provide your NRIC or FIN number, as well as your MyInfo login details. The application process should only take a few minutes, and you should receive a response within a few days.
Overall, the OCBC 365 Credit Card is a great option for anyone looking for a credit card with excellent cashback benefits across multiple categories. With a reasonable annual fee and waiver options, this card is definitely worth considering if you’re in the market for a new credit card.
Maximising Rewards Across Categories
The OCBC 365 Credit Card is a versatile card that offers cashback rewards across several categories. To maximise your rewards, focus on spending in the following categories:
Dining and Food Delivery
With 6% cashback on dining, including food delivery, the OCBC 365 Credit Card is a great choice for foodies. Whether you’re eating out at a local restaurant or ordering in from your favourite online food delivery service, you can enjoy significant savings.
Fuel Savings and Transport
If you’re a frequent driver, the OCBC 365 Credit Card can help you save on fuel costs. With up to 22.1% fuel savings at Caltex and 20.2% at Esso, you can enjoy significant discounts at petrol service stations. The card also offers 5% cashback on fuel at all petrol stations, making it a great choice for those who want to maximise their savings on transport.
Groceries and Everyday Spend
The OCBC 365 Credit Card offers 3% cashback on groceries, transport, and utilities, making it a great choice for everyday spend. Whether you’re buying groceries at your local supermarket or paying your utility bills, you can enjoy significant savings. The card also offers cashback rewards on online travel, telco bills, and even electric vehicle charging.
To maximise your rewards, use the OCBC 365 Credit Card for all your everyday spend, including taxis and EZ-Link payments. By focusing on these categories, you can enjoy significant cashback rewards and rebates.
In summary, the OCBC 365 Credit Card is a great all-round card that offers cashback rewards across several categories. By focusing on dining, fuel savings, and everyday spend, you can maximise your rewards and enjoy significant savings.
Understanding Fees and Charges
If you’re considering applying for the OCBC 365 Credit Card, it’s important to understand the fees and charges associated with the card. Here’s a breakdown of the fees and charges you should be aware of:
Interest Rates and Transaction Fees
The OCBC 365 Credit Card has an interest rate of 25.92% p.a. on purchases and cash advances. If you use your card to make transactions in a foreign currency, you’ll also be charged a foreign currency transaction fee of 2.8% of the transaction amount.
Late Payment and Overlimit Fees
If you’re late in making your minimum monthly payment, you’ll be charged a late payment fee of $100. In addition, if you exceed your credit limit, you’ll be charged an overlimit fee of $40.
It’s important to note that if you consistently miss payments or exceed your credit limit, this could negatively impact your credit score. So, it’s important to make sure you stay on top of your payments and keep your spending within your credit limit.
Overall, while the OCBC 365 Credit Card does have fees and charges associated with it, they are in line with what you would expect from a credit card. As long as you use your card responsibly and stay on top of your payments, you can enjoy the benefits of the card without worrying about excessive fees and charges.
Comparing OCBC 365 with Other Credit Cards
If you’re looking for a cashback credit card that offers great cashback benefits, you might be considering the OCBC 365 card. However, it’s always a good idea to compare it with other cashback credit cards on the market to ensure you’re getting the best deal. Here’s a quick comparison of the OCBC 365 card with other popular cashback credit cards:
OCBC 365 vs UOB One Card
The UOB One Card is another popular cashback credit card in Singapore. While the UOB One Card offers unlimited cashback, it requires a higher minimum spend of $500 to earn cashback. In contrast, the OCBC 365 card offers cashback for a lower minimum spend of $800. Additionally, the OCBC 365 card offers a higher cashback cap of $160 for spending at least $1,600, compared to the UOB One Card’s $100 cashback cap.
OCBC 365 vs Citi Cash Back Card
The Citi Cash Back Card is another cashback credit card that’s worth considering. Like the OCBC 365 card, the Citi Cash Back Card offers cashback on dining, groceries, and petrol. However, the Citi Cash Back Card offers a higher cashback rate of up to 8%, compared to the OCBC 365 card’s 6%. Additionally, the Citi Cash Back Card offers cashback on other categories such as shopping and entertainment, which the OCBC 365 card does not.
OCBC 365 vs POSB Everyday Card
The POSB Everyday Card is a cashback credit card that’s popular for its high cashback rates on dining and online shopping. However, the POSB Everyday Card has a lower cashback rate of 5% for dining compared to the OCBC 365 card’s 6%. Additionally, the POSB Everyday Card has a lower cashback cap of $50 per month, compared to the OCBC 365 card’s $80 cashback cap.
Overall, the OCBC 365 card is a great cashback credit card that offers competitive cashback rates and a low minimum spend requirement. However, depending on your spending habits, other cashback credit cards such as the Citi Cash Back Card or the POSB Everyday Card may offer better cashback rates for certain categories. It’s always a good idea to compare different cashback credit cards to find the one that best suits your spending habits.
Additional Perks and Services
As a cardholder of the OCBC 365 Credit Card, you are entitled to a range of additional perks and services that make the card even more attractive. Here are some of the benefits you can enjoy:
Concierge and Travel Insurance
The OCBC 365 Credit Card comes with a complimentary travel insurance policy that covers you and your family for up to $500,000 in the event of an accident or illness while travelling overseas. Additionally, you can also enjoy access to a 24/7 concierge service that can assist you with travel arrangements, dining reservations, and more.
Exclusive Promotions and Partnerships
As an OCBC 365 Credit Cardholder, you can enjoy exclusive promotions and discounts with a range of merchants, including online travel agencies, transportation providers, drugstores, and more. Additionally, the card is part of the Visa network, which means you can enjoy special deals and discounts when you use your card to shop or dine at participating merchants.
Some of the exclusive promotions and partnerships that you can enjoy with the OCBC 365 Credit Card include:
- Discounts on streaming services like Netflix and Spotify
- Cashback on recurring utility and telco bills
- Discounts on lifestyle and shopping purchases
- Cashback on online travel bookings
- Discounts on transportation services like Grab and ComfortDelGro
Overall, the OCBC 365 Credit Card is an excellent choice for anyone looking for a cashback credit card that offers a range of benefits and services. With its generous cashback rewards, complimentary travel insurance, and access to exclusive promotions and partnerships, this card is a great way to save money on your everyday expenses while enjoying a range of additional perks and services.
Frequently Asked Questions
What are the exciting benefits of holding an OCBC 365 Credit Card?
The OCBC 365 Credit Card offers a range of exciting benefits, including up to 6% cashback on dining, 3% cashback on groceries, transport, and utilities, and 5% cashback on fuel at all petrol stations. Additionally, you can earn cashback on online travel bookings and recurring telco bills. With no minimum spend requirement, you can enjoy these benefits all year round.
How can I maximise the promotions available with the OCBC 365 Credit Card?
To maximise your cashback, make sure to use your OCBC 365 Credit Card for all your daily expenses, including dining, groceries, transport, and utilities. You can also earn cashback on online travel bookings and recurring telco bills. Keep an eye out for exclusive promotions and discounts available to OCBC 365 Credit Cardholders, such as discounts on dining and travel bookings.
What is the minimum spend required to earn cashback on the OCBC 365 Credit Card?
There is no minimum spend requirement to earn cashback on the OCBC 365 Credit Card. You can earn cashback on all your daily expenses, regardless of the amount spent.
Could you explain the terms and conditions that apply to the OCBC 365 Credit Card cashback?
To be eligible for cashback, you must make a minimum of 3 transactions per month and spend a minimum of $800 per statement month. Cashback is capped at $80 per statement month. Cashback will be credited to your account within 2 statement months following the month in which the eligible transaction was made. Terms and conditions apply.
What are the annual fee and interest rates associated with the OCBC 365 Credit Card?
The annual fee for the OCBC 365 Credit Card is $192.60 per year. The interest rate for purchases is 25.92% p.a. and the interest rate for cash advances is 28.92% p.a. Other fees and charges may apply.
How can I cancel my OCBC 365 Credit Card, should I need to?
To cancel your OCBC 365 Credit Card, you can call the OCBC customer service hotline or visit your nearest OCBC branch. You may be required to pay outstanding balances and fees before the cancellation can be processed.