If you’re looking for a credit card that offers cashback rewards on your daily spending, the OCBC 365 Credit Card might be the perfect fit for you. With cashback rates of up to 6% on dining and online food delivery, 3% on groceries and land transport, and 5% on petrol, this card is designed to help you save money on your everyday expenses.
In addition to the cashback rewards, the OCBC 365 Credit Card also offers a range of exclusive deals and partnerships with popular merchants, including Caltex and BEST Denki. Plus, with the ability to earn 10 OCBC$ (equivalent to a 2.78% cash rebate or 4 air miles) for every S$1 spent in certain retail categories, you can earn even more rewards on your purchases.
To be eligible for the OCBC 365 Credit Card, you must be a Singaporean citizen or permanent resident, or a foreigner with an employment pass. There is an annual fee of S$192.60, but this can be waived with a minimum spend of S$10,000 per year. With its generous cashback rewards and exclusive deals, the OCBC 365 Credit Card is a great choice for anyone looking to save money on their daily expenses.
Key Takeaways
- The OCBC 365 Credit Card offers cashback rewards of up to 6% on dining and online food delivery, 3% on groceries and land transport, and 5% on petrol.
- Cardholders can earn 10 OCBC$ for every S$1 spent in certain retail categories, and take advantage of exclusive deals and partnerships with popular merchants.
- To be eligible for the card, you must be a Singaporean citizen or permanent resident, or a foreigner with an employment pass, and there is an annual fee of S$192.60.
OCBC 365 Credit Card Overview
If you’re looking for a credit card that offers cashback rewards on your everyday spending, the OCBC 365 Credit Card might be just what you need. This credit card offers a range of benefits and rewards that could help you save money on your expenses. Here’s what you need to know about the OCBC 365 Credit Card.
Key Features and Benefits
The OCBC 365 Credit Card offers a range of features and benefits that could make it a great choice for your everyday spending. Here are some of the key features and benefits you can expect:
- Cashback rewards: You can earn cashback rewards of up to 6% on your spending with the OCBC 365 Credit Card. This includes 6% cashback on dining, 3% cashback on groceries, transport, and recurring bills, and 5% cashback on petrol spending (up to 22.1% at Caltex).
- Annual fee waiver: The OCBC 365 Credit Card offers an annual fee waiver for the first two years, which could save you money on your credit card expenses.
- Easy payment options: You can enjoy flexible payment options with the OCBC 365 Credit Card, including 0% instalment plans for up to 12 months at selected merchants.
- Travel benefits: You can enjoy travel benefits with the OCBC 365 Credit Card, including complimentary travel insurance and discounts on travel bookings.
Understanding the Cashback Rewards
The cashback rewards offered by the OCBC 365 Credit Card can help you save money on your everyday spending. Here’s how the cashback rewards work:
- Dining: You can earn 6% cashback on your dining expenses, including local, overseas, and online food delivery.
- Groceries, transport, and bills: You can earn 3% cashback on your groceries, transport, and recurring bills, including telco and electricity bills.
- Petrol: You can earn 5% cashback on your petrol spending, up to 22.1% at Caltex.
- Other spending: You can earn 0.3% cashback on all other spending with the OCBC 365 Credit Card.
To make the most of your cashback rewards, it’s important to understand the terms and conditions of the rewards programme. For example, there may be minimum spending requirements or exclusions on certain types of spending. Be sure to read the fine print carefully to ensure you’re getting the most out of your rewards.
In conclusion, the OCBC 365 Credit Card is a great option for those looking for a cashback credit card in Singapore. With its range of features and benefits, you could save money on your everyday spending and enjoy a range of travel benefits too.
Eligibility and Fees
Annual Fee and Waivers
When it comes to the OCBC 365 Credit Card, you can expect an annual fee of $192.60. However, there is a way to get this fee waived. Simply spend a minimum of $10,000 in a year, and you won’t have to worry about paying the annual fee for the next year.
Eligibility Requirements
To be eligible for the OCBC 365 Credit Card, you need to meet certain requirements. If you’re a Singaporean or Permanent Resident, you need to have an annual income of at least $30,000. If you’re a foreigner, you need to have an annual income of at least $45,000. You also need to be at least 21 years old.
It’s worth noting that these are just the basic requirements. Depending on your financial situation, you may need to provide additional documentation when you apply for the card.
Overall, if you’re looking for a credit card that can help you save money on everyday expenses, the OCBC 365 Credit Card is definitely worth considering. Just make sure you meet the eligibility requirements and are prepared to pay the annual fee (unless you can get it waived).
Maximising Cashback Rewards
If you are an OCBC 365 Credit Card holder, you can earn cashback on various spending categories. To maximise your cashback rewards, you need to understand the spending categories and cashback caps. Here are some strategies to help you increase your cashback:
Spending Categories and Caps
The OCBC 365 Credit Card offers cashback on several spending categories, including dining, groceries, land transport, online travel bookings, recurring telco and electricity bills, and fuel spend. The cashback rates vary depending on the category, and there are also cashback caps for some categories.
For example, you can earn 6% cashback on dining and online food delivery, but the cashback is capped at $800 per calendar month. You can also earn 3% cashback on groceries, land transport, online travel bookings, and recurring telco and electricity bills, but the cashback is capped at $80 per calendar month. Lastly, you can earn 5% cashback on fuel spend, with no cashback cap.
Strategies for Increased Cashback
To maximise your cashback rewards, you can consider the following strategies:
- Focus on spending categories with higher cashback rates and no cashback caps, such as fuel spend. You can earn up to 5% cashback on all fuel spend at all petrol service stations locally and overseas.
- Plan your spending to hit the minimum spend requirement of $800 per calendar month to enjoy the full cashback cap for dining and online food delivery.
- Use your OCBC 365 Credit Card for all your recurring telco and electricity bills to earn 3% cashback, up to $80 per calendar month.
- Consolidate your grocery shopping to hit the $80 cashback cap for the month. This can be achieved by shopping at larger supermarkets or stocking up on non-perishable items.
- Use your OCBC 365 Credit Card for all your land transport and online travel bookings to earn 3% cashback, up to $80 per calendar month.
By following these strategies, you can maximise your cashback rewards and enjoy the benefits of the OCBC 365 Credit Card.
Exclusive Deals and Partnerships
If you’re looking for a credit card that offers exclusive deals and partnerships, then the OCBC 365 Credit Card is definitely worth considering. This card provides an array of benefits, including cashback offers on dining, petrol, and transportation, among others. Let’s take a closer look at some of the exclusive deals and partnerships available to you with the OCBC 365 Credit Card.
Dining and Food Delivery
With the OCBC 365 Credit Card, you can enjoy up to 5% cashback on everyday dining, both locally and overseas, including online food delivery. This means that you can indulge in your favourite meals and cuisines while enjoying cashback rewards. Some of the popular dining establishments that you can earn cashback at include McDonald’s, KFC, and Pizza Hut.
Petrol and Transport Offers
The OCBC 365 Credit Card also provides exclusive deals and partnerships for petrol and transport. You can enjoy fuel savings of up to 22.92% at Caltex and Esso petrol service stations. This includes up to 18% instant discount and up to 6% cashback on all fuel spend. Additionally, you can save up to 5% on land transport and enjoy cashback on SimplyGo transactions.
The OCBC 365 Credit Card also offers partnerships with various brands and deals that you can take advantage of. For example, you can receive discounts on travel bookings with Agoda, and enjoy deals on shopping with Lazada and Qoo10.
Overall, the OCBC 365 Credit Card provides a range of exclusive deals and partnerships that can help you save money on your everyday expenses. Whether you’re dining out, filling up your tank, or shopping online, this card can provide you with significant cashback rewards.
Additional Perks and Services
As an OCBC 365 Credit Card holder, you get access to a range of exclusive perks and services. In this section, we’ll take a closer look at some of the additional benefits that come with your card.
Travel and Leisure Benefits
If you’re a frequent traveller, you’ll be pleased to know that your OCBC 365 Credit Card comes with a range of travel benefits. For example, you can enjoy discounts on hotel bookings through Visa Luxury Hotels, as well as exclusive deals on flights and experiences. You can also earn air miles with your card, which can be redeemed for flights or other travel-related expenses.
Digital Wallet Integration
In today’s digital age, it’s important to have a credit card that can be easily integrated with your preferred digital wallet. Fortunately, the OCBC 365 Credit Card is compatible with a range of digital wallets, including Google Pay, Apple Pay, and Samsung Pay. This means you can easily make payments using your smartphone or other mobile device, without the need to carry your physical card with you.
Overall, the OCBC 365 Credit Card is an excellent choice for anyone looking for a credit card that offers great cashback rewards, as well as a range of additional perks and services. So why not apply for your card today and start enjoying all the benefits that come with it?
Frequently Asked Questions
How can I qualify for the OCBC 365 credit card rebates?
To qualify for the OCBC 365 credit card rebates, you need to be a Singaporean or a Permanent Resident with a minimum annual income of $30,000. For foreigners, the minimum annual income requirement is $45,000. You also need to be at least 21 years old to apply for the card.
What are the latest promotions available with the OCBC 365 credit card?
OCBC 365 credit cardholders can enjoy various promotions throughout the year, such as discounts on dining, petrol, travel, and shopping. Some of the current promotions include a 3% rebate on all online shopping, a 10% discount on petrol at Caltex, and 25% off on food delivery orders from selected merchants.
Could you explain the cashback mechanism of the OCBC 365 card?
The OCBC 365 credit card offers cashback on eligible spending categories, such as dining, groceries, petrol, and online shopping. The cashback rates vary from 3% to 6%, depending on the category. The cashback earned is credited to your card account on a monthly basis and can be used to offset your future purchases or pay your card bills.
What are the terms and conditions for the OCBC 365 cashback programme?
To be eligible for the OCBC 365 cashback programme, you need to meet the minimum spending requirement of $800 per month. The cashback earned is capped at $80 per month, and there is no minimum spend required for individual categories. The cashback is not applicable to certain transactions, such as cash advances, balance transfers, and instalment payment plans.
How do I go about redeeming my accumulated cashback from OCBC 365?
You can redeem your accumulated cashback from OCBC 365 through various channels, such as the OCBC mobile banking app, online banking, or at any OCBC branch. The cashback can be used to offset your future purchases or pay your card bills. You can also choose to donate your cashback to selected charities or convert it to KrisFlyer miles.
What distinguishes the OCBC 360 account’s cash rewards from the OCBC 365 card rebates?
The OCBC 360 account’s cash rewards are based on your account balance and the number of eligible transactions you make, while the OCBC 365 card rebates are based on your spending in specific categories. The cash rewards from the OCBC 360 account can be higher than the cashback from the OCBC 365 card, but they require a higher minimum balance and more transactions to qualify.