If you’re looking for a credit card that helps you manage your finances, the OCBC Cashflo Credit Card in Singapore might be exactly what you need. This card offers a unique feature that allows you to split your payments into 3, 6, or 12-month instalments with 0% interest. Plus, you can earn cash rebates of up to 1.2% on eligible transactions.
With the OCBC Cashflo Credit Card, you can also enjoy hassle-free payments for your Great Eastern insurance premiums and other expenses. This auto-instalment credit card offers a range of benefits, including discounts on petrol transactions at Esso and Caltex stations, as well as cash rebates on other eligible transactions. If you’re looking for a credit card that helps you manage your finances and earn rewards at the same time, the OCBC Cashflo Credit Card might be the perfect choice for you.
Overall, the OCBC Cashflo Credit Card in Singapore is a great option for those who want to manage their finances and earn rewards at the same time. With its unique instalment payment feature and cash rebates on eligible transactions, this card is perfect for those who want to stay on top of their expenses while enjoying the benefits of a credit card.
OCBC Cashflo Credit Card Overview
If you are looking for a credit card that allows you to manage your expenses and save money, the OCBC Cashflo Credit Card might be the perfect option for you. This credit card offers a range of features and benefits that can help you stay on top of your finances.
Key Features
The OCBC Cashflo Credit Card offers several key features that make it stand out from other credit cards in Singapore. These include:
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Interest-free instalment plan: With the OCBC Cashflo Credit Card, you can split your payments into 3 or 6 monthly instalments with 0% interest. This allows you to manage your expenses more easily and avoid high interest charges.
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Cash rebates: You can earn up to 1% cash rebate on all your spending with this credit card. The rebate is capped at S$100 per month.
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Annual fee waiver: The OCBC Cashflo Credit Card offers a 2-year fee waiver, and subsequent years will be waived with a minimum spend of S$10,000 per year.
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Easy application: You can apply for the OCBC Cashflo Credit Card online, and the process is quick and straightforward. You can also use MyInfo to pre-fill your application form and speed up the process.
Eligibility and Application
To be eligible for the OCBC Cashflo Credit Card, you must be a Singaporean or Permanent Resident aged 21 years or older, with an annual income of at least S$30,000. If you are a foreigner, you must have an annual income of at least S$45,000.
To apply for the card, you can visit the OCBC website and fill out the online application form. You will need to provide your personal and financial details, as well as your MyInfo profile if you choose to use this option. Your application will be subject to credit bureau checks by Credit Bureau Singapore.
Overall, the OCBC Cashflo Credit Card is a great option for anyone looking for a credit card that offers flexible payment options, cash rebates, and easy application. Apply for the card today and start enjoying the benefits it has to offer!
Benefits and Rewards
If you are looking for a credit card that offers great benefits and rewards, then the OCBC Cashflo Credit Card is a great option for you. This credit card provides cash rebates and exclusive cardholder privileges that can help you save money and enjoy various perks.
Cash Rebates and Discounts
The OCBC Cashflo Credit Card offers a 1% cash rebate on all spend, with a monthly bill of S$1,000 and above. You can earn up to S$100 cash rebate cap per month, which is a great way to save money on your expenses. Additionally, if you spend below S$1,000 per month, you can still earn 0.5% cash rebate.
The credit card also comes with a convenient 0% interest instalment plan that allows you to stretch payments across 3 or 6 months. This is a great feature that can help you manage your finances and avoid high interest rates.
Exclusive Cardholder Privileges
As an OCBC Cashflo Credit Cardholder, you can enjoy various exclusive privileges, such as discounts on dining and food delivery. You can also earn OCBC$ that you can trade for rewards and air miles.
Moreover, the credit card offers 2 years fee waiver, subsequent years waived with min. spend S$10,000 p.a. This is a great way to save money on annual fees and enjoy the benefits of the credit card.
In conclusion, the OCBC Cashflo Credit Card is a great credit card that offers various benefits and rewards. With cash rebates and exclusive cardholder privileges, you can save money and enjoy various perks.
Managing Your Finances
Managing your finances can be a daunting task, but with the OCBC Cash Flow Credit Card, it can be a breeze. This card offers a unique payment system that allows you to split your payments into interest-free instalments. This feature is called the Instalment Payment Plan (IPP), and it is perfect for managing your monthly bills.
Instalment Payment Plans
With the IPP, you can make big purchases without worrying about paying it all at once. Instead, you can pay it off in smaller instalments over a period of time. This feature allows you to budget your expenses better, which can help you avoid overspending.
The OCBC Cash Flow Credit Card offers auto-instalment payments, which means that you don’t have to manually set up the instalment payments. The card automatically converts your purchases into instalments, making it easier for you to manage your finances.
Balance Transfer and Cash Advances
In addition to the IPP, the OCBC Cash Flow Credit Card also offers balance transfer and cash advance options. Balance transfer allows you to transfer your existing credit card balances to the OCBC Cash Flow Credit Card. This feature can help you consolidate your debts and save money on interest fees.
Cash advances, on the other hand, allow you to withdraw cash from your credit card. This feature can be useful in emergencies, but it’s important to note that cash advances come with high fees and interest rates.
Overall, the OCBC Cash Flow Credit Card is a great option for managing your finances. With its 0% interest instalment plans, auto-instalment credit card, and balance transfer and cash advance options, you can take control of your finances and avoid overspending.
Fees and Charges
If you’re considering the OCBC Cashflo Credit Card, it’s important to know what fees and charges you might incur. The following subsections will detail the annual fees and other applicable fees for this credit card.
Annual Fees
The annual fee for the OCBC Cashflo Credit Card is $192.60. However, there is a fee waiver available for the first two years if you spend a minimum of $10,000 per year. This means that you can enjoy the benefits of the card without having to pay any annual fees for the first two years.
Other Applicable Fees
In addition to the annual fee, there are other fees that you should be aware of. For example, if you need to replace your card, there is a card replacement fee of $30. If you need to top-up your NETS FlashPay account, there is a top-up fee of $0.25 per transaction.
If you plan on using your OCBC Cashflo Credit Card for overseas transactions, you should be aware that there is a 1% processing fee for each Visa and Mastercard transaction. This fee is charged on all converted Singapore dollar amounts.
It’s also worth noting that there are processing fees for certain transactions. For example, if you use your credit card to pay for taxes or insurance premiums, there is a processing fee of 1.8%. Additionally, if you use your credit card to pay for educational institutions, there is a processing fee of 2.5%.
In conclusion, while there are some fees and charges associated with the OCBC Cashflo Credit Card, there are also fee waivers available that can help you save money. By understanding the fees and charges associated with this credit card, you can make an informed decision about whether it’s the right card for you.
Using Your OCBC Cashflo Card Abroad
If you’re planning to travel abroad, you’ll be pleased to know that your OCBC Cashflo Credit Card is a great choice for overseas spending. Here’s what you need to know about using your card abroad:
Foreign Transactions and Fees
When you use your OCBC Cashflo Card abroad, you’ll be charged a foreign transaction fee of 2.8% of the transaction amount. This fee is charged by the card network and is not specific to OCBC. In addition to this fee, you may also be charged a dynamic currency conversion fee if you choose to have the transaction converted into your home currency at the point of sale. It is recommended that you choose to pay in the local currency to avoid this fee.
Travel Benefits
In addition to the benefits of using your OCBC Cashflo Card for overseas spending, you’ll also enjoy a range of travel benefits. These benefits include:
- Complimentary travel insurance: When you charge your full travel fare to your OCBC Cashflo Card, you’ll automatically receive complimentary travel insurance. This insurance covers you for accidental death and disablement, as well as medical expenses and travel inconvenience.
- Hotel and airline discounts: You’ll enjoy discounts on hotel bookings and airline tickets when you book through OCBC’s travel partners.
- Voyage Protector: This is an optional insurance add-on that provides additional coverage for trip cancellations, trip interruptions, and baggage loss or delay.
It’s important to note that if you wish to terminate your travel insurance, you must do so within 14 days of receiving your policy document. If you do not terminate your policy within this timeframe, it will be considered accepted and you will not be able to cancel it.
So, whether you’re a frequent traveller or just planning a one-off trip, your OCBC Cashflo Card is a great choice for overseas spending. With its competitive foreign transaction fees and range of travel benefits, you can travel with peace of mind knowing that you’re getting a great deal.
Frequently Asked Questions
What perks can I anticipate with the OCBC Cashflo Card?
With the OCBC Cashflo Card, you can enjoy a 0% interest instalment plan that allows you to pay off your purchases over a period of up to 6 months. Additionally, you can earn a flat rebate of 1% on monthly spends of S$1,000 or more (0.5% if below).
How can I qualify for an OCBC Cashflo Card?
To qualify for an OCBC Cashflo Card, you must be a Singaporean or Permanent Resident aged 21 years or older with a minimum annual income of S$30,000.
What is the credit limit for the OCBC Cashflo Credit Card?
The credit limit for the OCBC Cashflo Credit Card is determined based on your creditworthiness and income.
How does the OCBC Cashflo Card’s automatic instalment payment feature work?
The automatic instalment payment feature of the OCBC Cashflo Card allows you to convert your purchases into interest-free instalments of up to 6 months. You can choose to convert your purchases into instalments at the point of sale or within 14 days of the transaction date.
Can I earn rewards or cashback with my OCBC Cashflo Credit Card?
Yes, you can earn a flat rebate of 1% on monthly spends of S$1,000 or more (0.5% if below).
What steps must I take to activate the OCBC Cashflo Card?
To activate your OCBC Cashflo Card, you must first receive it in the mail. Once you have received your card, you can activate it by following the instructions provided in the welcome pack.