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 c