If you’re looking for a way to earn cashback on your daily expenses in Singapore, the OCBC 365 debit card is a great option to consider. With this debit card, you can earn up to 6% cashback on dining, online shopping, groceries, and petrol. Plus, you can enjoy discounts and promotions at over 1,000 merchants across Singapore.
To apply for an OCBC 365 debit card, you’ll need to be a Singaporean citizen, permanent resident, or foreigner with a valid work permit. You’ll also need to have a minimum income of $30,000 per year if you’re a Singaporean or permanent resident, or $45,000 per year if you’re a foreigner. Once you’ve met these requirements, you can apply for the card online or at an OCBC branch.
With the OCBC 365 debit card, you can save money on your everyday expenses and enjoy exclusive perks and discounts. Keep reading to learn more about the key features of this card and how to apply for it, as well as tips for maximising your savings and understanding the fees and charges associated with the card.
Key Takeaways
- The OCBC 365 debit card offers up to 6% cashback on dining, online shopping, groceries, and petrol, as well as discounts and promotions at over 1,000 merchants across Singapore.
- To apply for the card, you’ll need to be a Singaporean citizen, permanent resident, or foreigner with a valid work permit, and have a minimum income of $30,000 per year (Singaporean/PR) or $45,000 per year (foreigner).
- Maximise your savings with the OCBC 365 debit card by understanding the key features, fees and charges, and additional perks and partnerships available to you.
Key Features of OCBC 365 Debit Card
If you are looking for a debit card that offers cashback and rewards, the OCBC 365 Debit Card might be the perfect fit for you. Here are some of the key features of this card:
Cashback and Rewards
The OCBC 365 Debit Card offers up to 6% cashback on your daily spending, including online transactions. You can earn cashback on a wide range of categories, including dining, groceries, petrol, and more. With this card, you can also enjoy exclusive discounts and promotions at over 1,000 merchants in Singapore.
Digital Banking Advantages
The OCBC 365 Debit Card comes with a range of digital banking advantages. You can easily manage your card and transactions through the OCBC mobile banking app. You can also enjoy the convenience of contactless payments with this card. Additionally, you can link your card to your OCBC digital banking account to enjoy even more benefits.
Travel Benefits
If you love to travel, the OCBC 365 Debit Card has got you covered. You can enjoy exclusive travel deals and discounts with this card, including discounts on flights, hotels, and travel insurance. With this card, you can also enjoy free travel insurance coverage of up to $500,000 when you charge your travel expenses to your card.
Overall, the OCBC 365 Debit Card is a great choice if you are looking for a debit card that offers cashback, rewards, and a range of digital banking and travel benefits.
How to Apply for Your OCBC 365 Debit Card
If you’re looking for a debit card that offers cashback on your daily expenses, the OCBC 365 Debit Card might be just what you need. Here’s how you can apply for your very own OCBC 365 Debit Card.
Eligibility Criteria
Before you apply for the OCBC 365 Debit Card, make sure you meet the eligibility criteria. The eligibility criteria for the OCBC 365 Debit Card are as follows:
- You must be a Singaporean, Singapore PR, or foreigner residing in Singapore.
- You must be at least 16 years old.
- You must have an OCBC deposit account.
- You must have an annual income of at least $30,000 if you’re a Singaporean or Singapore PR, and $45,000 if you’re a foreigner.
Application Process
Once you’ve confirmed that you meet the eligibility criteria, you can proceed to apply for the OCBC 365 Debit Card. Here’s how you can do it:
- Log in to your OCBC online banking account.
- Click on “Apply for Cards” and select “Debit Cards”.
- Choose the OCBC 365 Debit Card as your preferred card.
- Fill in your personal details and submit your application.
If you prefer to apply for the OCBC 365 Debit Card in person, you can visit any OCBC branch and submit your application there. Don’t forget to bring along your NRIC or passport for verification purposes.
Once your application has been approved, you can collect your OCBC 365 Debit Card from any OCBC branch. You can also activate your card via the OCBC Mobile Banking app or at any OCBC ATM.
With the OCBC 365 Debit Card, you can enjoy cashback on your daily expenses such as dining, groceries, and petrol. So why wait? Apply for your OCBC 365 Debit Card today and start enjoying the benefits!
Maximising Your Savings and Investments
If you’re looking to maximise your savings and investments, the OCBC 365 Debit Card is an excellent option. With its cashback rewards on everyday spending, you can earn up to 6% cashback on dining, online shopping, groceries, and petrol.
Strategic Spending for Maximum Cashback
To get the most out of your OCBC 365 Debit Card, it’s important to strategically plan your spending. For example, you can earn up to 6% cashback on dining when you spend at least $800 per month on your card. This means that you should make sure to use your card for all your dining expenses, such as eating out or ordering in.
Similarly, you can earn up to 3% cashback on online shopping when you spend at least $800 per month on your card. This includes purchases made on popular online marketplaces like Lazada, Shopee, and Qoo10.
When it comes to groceries, you can earn up to 3% cashback when you spend at least $800 per month on your card. This includes purchases made at major supermarkets like NTUC FairPrice, Cold Storage, and Giant.
Finally, you can earn up to 23.9% fuel savings at Caltex and Esso petrol stations when you spend at least $800 per month on your card. This includes a base 5% discount, 18% discount for petrol purchases, and 0.2% LinkPoints.
Linking to OCBC Accounts for Extra Benefits
By linking your OCBC 365 Debit Card to your OCBC accounts, you can enjoy even more benefits. For example, if you have an OCBC 360 Account, you can earn up to 1.2% p.a. bonus interest on your savings when you meet certain criteria, such as crediting your salary and making at least three bill payments per month.
In addition, if you have an OCBC Securities account, you can enjoy lower brokerage fees and access to exclusive research reports and investment tools.
Overall, the OCBC 365 Debit Card is an excellent choice for those looking to maximise their savings and investments. By strategically planning your spending and linking your card to your OCBC accounts, you can enjoy even more benefits and earn even more cashback.
Understanding Fees and Charges
If you are considering the OCBC 365 Debit Card in Singapore, it is essential to understand the fees and charges that come with it. In this section, we will discuss the various fees and charges associated with the card, including transaction and foreign currency fees, annual fees, and waivers.
Transaction and Foreign Currency Fees
When you use the OCBC 365 Debit Card for foreign currency transactions, a nominal service charge of 3% is levied on the S$ equivalent of the amount withdrawn. The minimum charge is S$5, and the maximum charge is S$20 per transaction. Additionally, an administrative fee of 2.25% of the foreign currency transaction may be imposed by the bank that operates the ATM.
Annual Fees and Waivers
The OCBC 365 Debit Card comes with an annual fee of S$192.60 (inclusive of 7% GST), which is waived for the first two years. After that, you will need to pay the annual fee unless you meet the minimum spend requirement of S$10,000 per year. If you do not meet this requirement, you will be charged the annual fee.
It is essential to note that the terms and conditions of the OCBC 365 Debit Card may change, and the bank reserves the right to change the fees and charges at any time. Therefore, it is advisable to check the latest fees and charges before applying for the card.
In conclusion, the OCBC 365 Debit Card is an excellent option for those who want to earn cashback on their daily spendings. However, it is essential to understand the fees and charges associated with the card to avoid any surprises. Keep in mind that the card’s annual fee can be waived if you meet the minimum spend requirement, and you can avoid foreign currency transaction fees by using the card in Singapore dollars.
Additional Perks and Partnerships
As a proud owner of the OCBC 365 Debit Card, you are entitled to a range of additional perks and partnerships that will help you save money on your daily expenses.
Dining and Entertainment Offers
With the OCBC 365 Debit Card, you can enjoy exclusive discounts and promotions at a variety of dining and entertainment merchants. From trendy cafes to fine dining restaurants, you can indulge in your favourite cuisines at discounted prices. You can also enjoy discounts on movie tickets, concerts, and other entertainment events.
Fuel Savings with CaltexGo
The OCBC 365 Debit Card offers you great savings on petrol expenses. With CaltexGo, you can enjoy up to 18.1% savings on petrol at Caltex stations, which includes an instant 18% discount on all petrol grades. You can also enjoy up to 20.3% savings on petrol at Esso stations, including an instant 16% discount on all petrol grades.
In addition to these partnerships, you can also enjoy cash rebates on your daily expenses, including dining, streaming, and petrol expenses. With the OCBC 365 Debit Card, you can earn up to 6% cash rebates on dining expenses, 3% cash rebates on online shopping and streaming services, and 5% cash rebates on petrol expenses.
Overall, the OCBC 365 Debit Card is the perfect card for those looking to save money on their daily expenses. With a range of additional perks and partnerships, you can enjoy great savings on your favourite activities, while earning cash rebates on your daily expenses. So why wait? Apply for your OCBC 365 Debit Card today and start enjoying the benefits!
Frequently Asked Questions
What marvellous perks come with the OCBC 365 debit card?
The OCBC 365 debit card offers a variety of fantastic perks, including cashback on dining, groceries, petrol and more. You can also enjoy discounts at various merchants in Singapore, making it a great card for those who love to shop and dine out.
How can one activate their brand-new OCBC 365 debit card?
To activate your brand-new OCBC 365 debit card, simply log in to your OCBC online banking account or visit an OCBC branch. You can also activate your card by calling the OCBC customer service hotline.
What’s the maximum spending limit for the OCBC 365 debit card?
The maximum spending limit for the OCBC 365 debit card is $5,000 per day. However, you can always request for a higher limit if needed.
Are there any delightful cashback offers associated with using the OCBC 365 debit card?
Yes, there are many delightful cashback offers associated with using the OCBC 365 debit card. You can earn up to 6% cashback on dining, 3% cashback on groceries, 5% cashback on petrol and more. There are also many other exclusive offers and promotions available to OCBC 365 debit cardholders.
What are the differences between the OCBC 365 debit card and the OCBC 365 credit card?
The main difference between the OCBC 365 debit card and the OCBC 365 credit card is that the debit card is linked to your savings account, while the credit card is a line of credit. This means that you can only spend what you have in your account with the debit card, while the credit card allows you to borrow money and pay it back later.
How does the OCBC 365 debit card compare to other OCBC debit cards in terms of benefits?
Compared to other OCBC debit cards, the OCBC 365 debit card offers many more benefits and perks. With the OCBC 365 debit card, you can earn cashback on dining, groceries and petrol, as well as enjoy discounts at various merchants in Singapore. Other OCBC debit cards may offer some benefits, but none compare to the OCBC 365 debit card.