If you’re a driver in Singapore, you know that petrol prices can be a significant expense. Fortunately, with the OCBC 365 credit card, you can enjoy discounts and cashback on your fuel purchases. In this article, we’ll take a closer look at the OCBC 365 petrol discount in Singapore and how you can maximise your savings.
OCBC 365 Card Overview
The OCBC 365 credit card is designed to help you save money on your daily expenses. With this card, you can enjoy cashback on dining, groceries, transport, and petrol purchases. The card also comes with a range of lifestyle benefits, including discounts on travel, entertainment, and shopping.
Fuel Savings with OCBC 365
With the OCBC 365 credit card, you can enjoy a discount of up to 23% on petrol purchases at selected petrol stations in Singapore. On top of that, you can earn an additional 5% cashback on your NETT fuel spend with a minimum monthly spend of $800. This means that you can save even more on your fuel expenses, making the OCBC 365 card an excellent choice for drivers in Singapore.
Key Takeaways
- The OCBC 365 credit card offers discounts and cashback on petrol purchases in Singapore.
- You can enjoy a discount of up to 23% on petrol purchases and earn an additional 5% cashback on your NETT fuel spend.
- The OCBC 365 card also comes with a range of lifestyle benefits, making it an excellent choice for drivers looking to save money on their daily expenses.
OCBC 365 Card Overview
If you’re looking for a credit card that helps you save money on petrol, the OCBC 365 Credit Card might be just what you need. With this card, you can enjoy up to 22.92% fuel savings at Caltex, which is made up of an 18% upfront discount and 6% cashback on all fuel spend. This discount applies to all grades of petrol, as well as diesel.
Key Features
In addition to petrol savings, the OCBC 365 Credit Card offers cashback on a range of other everyday expenses. These include dining, groceries, and online shopping. Here are some of the key features of the card:
- Up to 6% cashback on dining, including at cafes, fast food restaurants, and fine dining establishments
- Up to 3% cashback on groceries, both in-store and online
- Up to 3% cashback on online shopping, including at major retailers like Lazada and Qoo10
- Up to 5% cashback on telco bills, including Singtel, Starhub, and M1
- Up to 22.1% fuel savings at Caltex, which includes the 18% upfront discount and 6% cashback on all fuel spend
To qualify for these cashback rates, you need to spend a minimum of $800 on your OCBC 365 Credit Card each month. There is no cap on the amount of cashback you can earn, so the more you spend, the more you save.
Applying for OCBC 365 Card
To apply for the OCBC 365 Credit Card, you need to meet the following eligibility requirements:
- You must be at least 21 years old
- You must earn a minimum annual income of $30,000 if you’re a Singaporean or Permanent Resident, or $45,000 if you’re a foreigner
- You must have a good credit rating
You can apply for the card online or at any OCBC branch. The application process is simple and straightforward, and you should receive a decision within a few business days.
Overall, the OCBC 365 Credit Card is a great choice if you’re looking for a card that offers savings on petrol and other everyday expenses. With its generous cashback rates and easy application process, it’s definitely worth considering.
Fuel Savings with OCBC 365
If you’re looking to save on fuel, the OCBC 365 card is a good option to consider. With this card, you can enjoy fuel savings of up to 22.1% at Caltex petrol stations. Here are some key details on how you can save on petrol with OCBC 365.
Caltex Fuel Discount
With your OCBC 365 card, you can enjoy up to 22.1% savings on fuel at Caltex petrol stations. This discount includes a 5% cashback on your fuel spend, which is capped at $80 per month. Additionally, you can receive up to 17.1% discount on your fuel purchase when you pay with your OCBC 365 card.
Esso Partnership
OCBC has also partnered with Esso petrol stations to offer fuel savings to cardholders. You can enjoy up to 18% upfront discount on your fuel purchase with your OCBC card. This discount includes a 14% upfront discount on the gross fuel price at Esso petrol stations, as well as an additional 4.3% rebate on the gross fuel price. Note that this discount is only applicable at selected Esso petrol stations.
Additional Petrol Service Stations
In addition to Caltex and Esso, your OCBC 365 card also offers discounts at other petrol service stations. You can enjoy up to 20.2% savings on fuel at Sinopec petrol stations, up to 20% savings on fuel at Shell petrol stations, and up to 21% savings on fuel at SPC petrol stations. Furthermore, you can also enjoy up to 18% upfront discount on your fuel purchase at CaltexGo petrol stations.
Overall, the OCBC 365 card offers a range of discounts on fuel purchases, making it an attractive option for those who frequently use their cars. With discounts available at various petrol service stations, you can enjoy savings on fuel no matter where you go.
Maximising Cashback
If you are planning to use the OCBC 365 Credit Card for petrol discounts, there are a few things you should know to maximise your cashback.
Understanding the Cashback Cap
The OCBC 365 Credit Card offers up to 6% cashback on fuel spend at all petrol service stations. However, it is important to note that there is a cashback cap of $80 or $160 per month, depending on whether you meet the minimum monthly spend of $800 or $1,600, respectively. This means that if you spend more than the cashback cap, you will not earn any additional cashback.
To avoid hitting the cashback cap too quickly, you can consider spreading out your petrol spend throughout the month. Alternatively, you can also use other petrol credit cards, such as the UOB One Card, DBS Esso Card, Citi Cash Back Card, POSB Everyday Card, or Maybank World Mastercard, to earn additional cashback on your petrol spend.
Comparing with Other Petrol Credit Cards
When comparing with other petrol credit cards, the OCBC 365 Credit Card offers competitive petrol discounts. For example, the UOB One Card offers up to 24% petrol savings at Shell and up to 20.8% petrol savings at SPC, but requires a minimum spend of $500 per month for three consecutive months to unlock the full benefits. The DBS Esso Card offers up to 21% petrol savings at Esso and up to 18.3% petrol savings at Shell, but also requires a minimum spend of $500 per month for three consecutive months.
On the other hand, the Citi Cash Back Card offers up to 8% cashback on petrol spend, but has a lower cashback cap of $25 per month. The POSB Everyday Card offers up to 6% cashback on petrol spend, but also has a lower cashback cap of $60 per month. The Maybank World Mastercard offers up to 8% cashback on petrol spend, but requires a minimum spend of $1,000 per month to unlock the full benefits.
Overall, the OCBC 365 Credit Card offers a good balance of petrol discounts and cashback rewards, especially if you are looking for an all-round cashback credit card.
Lifestyle Benefits Beyond Fuel
If you are looking for a credit card that offers more than just fuel discounts, the OCBC 365 Card is the perfect choice for you. With the OCBC 365 Card, you can enjoy a range of lifestyle benefits that go beyond just fuel savings.
Rewards on Dining and Groceries
The OCBC 365 Card offers 6% cashback on local and overseas dining, as well as online food delivery. This means that you can enjoy your favourite meals while also earning cashback on your spending. Additionally, the card also offers 3% cashback on physical and online groceries, making it a great choice for those who love to cook at home.
Online Food Delivery and Travel Perks
The OCBC 365 Card also offers a range of online food delivery and travel perks. You can enjoy discounts on food delivery services such as Deliveroo and Foodpanda, as well as discounts on hotel bookings through Agoda. This makes the card a great choice for those who love to travel and explore new cuisines.
In addition to these benefits, the OCBC 365 Card also offers a range of other perks such as discounts on movie tickets and access to exclusive events. With the OCBC 365 Card, you can enjoy a range of lifestyle benefits that go beyond just fuel savings.
So if you are looking for a credit card that offers great rewards on dining, groceries, online food delivery, and travel, the OCBC 365 Card is definitely worth considering. With its range of benefits and rewards, it is the perfect card for those who love to live life to the fullest.
Terms and Fees
Annual Fees and Interest Rates
When it comes to credit cards, one of the most important things to consider is the annual fee. With the OCBC 365 Credit Card, the annual fee is S$192.60 (inclusive of GST), but it’s waived for the first two years. This means you can enjoy all the benefits of the card without paying anything for the first two years.
In terms of interest rates, the OCBC 365 Credit Card charges an interest rate of 26.88% p.a. on outstanding balances. This is a relatively high interest rate, so it’s important to pay off your balance in full every month to avoid accruing interest charges.
Late Payment Charges and Other Fees
Late payment charges can be a significant expense if you don’t pay your bills on time. With the OCBC 365 Credit Card, the late payment charge is S$100 if you don’t pay the minimum payment by the due date. In addition, there is a minimum interest charge of S$2.50 if you don’t pay your balance in full.
Other fees to be aware of include cash advance fees, which are 6% of the amount withdrawn or S$15 (whichever is higher), and foreign transaction fees, which are 3% of the transaction amount in Singapore dollars.
It’s also important to note that the OCBC 365 Credit Card has a minimum spending requirement of S$800 per month to qualify for the petrol discount and cashback rewards. If you don’t meet this spending requirement, you won’t be able to enjoy the full benefits of the card.
Overall, the OCBC 365 Credit Card is a great option if you’re looking for a credit card that offers petrol discounts and cashback rewards. Just be sure to pay your bills on time and meet the minimum spending requirement to avoid incurring any unnecessary fees.
Frequently Asked Questions
How can you maximise your savings with the OCBC 365 Credit Card at petrol stations?
To maximise your savings with the OCBC 365 Credit Card at petrol stations, you can use your card to purchase petrol at any Caltex or Esso petrol station in Singapore. You can enjoy up to 22.1% savings on fuel purchases, which is made up of an upfront 18% discount and an additional rebate of 5% after the initial discount.
What are the latest OCBC 365 Credit Card promotions for fuel discounts?
The latest OCBC 365 Credit Card promotion for fuel discounts is for new cardholders. You can get S$150 cashback when you spend a minimum of S$350 within 30 days of card application approval. You can also enjoy up to 22.92% of fuel savings at Caltex (18% instant discount + 6% cashback on all fuel spend).
Which petrol stations offer discounts with the OCBC 365 Credit Card?
You can enjoy fuel discounts with the OCBC 365 Credit Card at any Caltex or Esso petrol station in Singapore.
Are there any exclusive benefits for OCBC 365 cardholders at Caltex and Esso?
Yes, there are exclusive benefits for OCBC 365 cardholders at Caltex and Esso. At Caltex, you can enjoy up to 22.1% savings on fuel purchases, which is made up of an upfront 18% discount and an additional rebate of 5% after the initial discount. At Esso, you can enjoy up to 20.2% savings on fuel purchases, which is made up of an upfront 14% discount and an additional rebate of 6.2% after the initial discount.
How does the cashback system work for the OCBC 365 Credit Card when purchasing petrol?
When you purchase petrol with your OCBC 365 Credit Card, you can enjoy up to 22.1% savings on fuel purchases at Caltex and up to 20.2% savings on fuel purchases at Esso. The cashback system works by giving you an upfront discount on your petrol purchase and then giving you an additional rebate on your purchase.
What are the differences between OCBC 365 and OCBC 360 cash rewards?
OCBC 365 and OCBC 360 are two different credit cards with different cash rewards. The OCBC 365 Credit Card is designed for everyday spending and offers cashback on dining, groceries, land transport, online travel, recurring telco and electricity bills, and fuel spend. The OCBC 360 Credit Card, on the other hand, is designed for savings and offers cashback on insurance premiums, unit trusts, and structured deposits.