If you’re looking for a credit card that offers cashback rewards in Singapore, you might want to consider the OCBC cashback card. OCBC offers several cashback credit cards with varying rates and benefits, so you can choose the one that best suits your spending habits.
Understanding OCBC Cashback Rewards is essential to get the most out of your card. Most OCBC cashback cards offer cashback rewards on specific categories such as dining, groceries, petrol, or online shopping. Some cards offer a flat cashback rate for all spending, while others offer tiered cashback rates that increase as you spend more.
Maximising Your Cashback is also important to make the most of your OCBC cashback card. To do this, you need to be aware of the spending caps and minimum spend requirements of your card. You should also try to consolidate your spending on your card to earn maximum cashback rewards.
Key Takeaways
- OCBC offers several cashback credit cards with varying rates and benefits.
- Understanding OCBC Cashback Rewards is essential to get the most out of your card.
- Maximising Your Cashback is important to make the most of your OCBC cashback card.
Understanding OCBC Cashback Rewards
If you’re looking for a credit card in Singapore that offers cashback rewards, then OCBC is definitely worth considering. OCBC offers a range of credit cards that come with cashback rewards, including the OCBC 365 Credit Card and the OCBC Infinity Cashback Card. In this section, we’ll take a closer look at how OCBC cashback rewards work, and what you can expect from these popular credit cards.
Categories and Cashback
OCBC credit cards offer cashback rewards across a range of spending categories. Depending on the card you choose, you could earn cashback on everything from dining and groceries to petrol and online shopping. For example, the OCBC 365 Credit Card offers cashback on dining, groceries, petrol, and online shopping, while the OCBC Infinity Cashback Card offers unlimited cashback on all spending categories.
The amount of cashback you can earn will depend on the card you choose, as well as the spending category. For example, the OCBC 365 Credit Card offers up to 6% cashback on dining, while the OCBC Infinity Cashback Card offers up to 1.2% cashback on all spending categories.
OCBC 365 Credit Card Features
The OCBC 365 Credit Card is one of the most popular cashback credit cards in Singapore. This card offers up to 6% cashback on dining, 3% cashback on groceries, 5% cashback on petrol, and 3% cashback on online shopping. In addition to these cashback rewards, the OCBC 365 Credit Card also offers a range of other features, including:
- No minimum spending required to earn cashback
- Cashback credited automatically to your account
- Up to S$160 cashback per month
OCBC Infinity Cashback Card Perks
The OCBC Infinity Cashback Card is another popular cashback credit card in Singapore. This card offers unlimited cashback on all spending categories, with up to 1.2% cashback on all spending. In addition to this unlimited cashback, the OCBC Infinity Cashback Card also offers a range of other perks, including:
- No minimum spending required to earn cashback
- Cashback credited automatically to your account
- No cap on the amount of cashback you can earn
Overall, OCBC credit cards offer a range of cashback rewards and features that make them a great choice for anyone looking to earn rewards on their spending. Whether you choose the OCBC 365 Credit Card or the OCBC Infinity Cashback Card, you can be sure that you’ll be getting great value for your money.
Maximising Your Cashback
If you’re looking to get the most out of your OCBC Infinity Cashback Card, there are a few things you should keep in mind. By following these tips, you can make sure you’re earning as much cashback as possible on your purchases.
Meeting Minimum Spend
One of the great things about the OCBC Infinity Cashback Card is that there is no minimum spend requirement. This means that you can start earning cashback on your very first purchase, no matter how small it is. However, if you want to maximise your cashback, it’s a good idea to use your card for all of your everyday spending. By doing so, you can earn cashback on everything from groceries to petrol to online shopping.
Cashback Cap and Exclusions
While there is no minimum spend requirement on the OCBC Infinity Cashback Card, there is a cashback cap of $600 per month. This means that once you’ve earned $600 in cashback, you won’t earn any more until the next month. It’s also important to note that there are a few exclusions when it comes to earning cashback. For example, you won’t earn cashback on payments to educational institutions, government institutions, and financial institutions.
Promotions and Special Offers
From time to time, OCBC runs promotions and special offers that can help you earn even more cashback. For example, at the time of writing, if you’re one of the first 2,000 people to successfully apply for the OCBC Infinity Cashback Card each month, you can enjoy an additional 0.2% cashback on the first $3,000 spent in the first six months. Keep an eye out for these promotions and take advantage of them when they’re available.
By following these tips, you can maximise your cashback earnings on the OCBC Infinity Cashback Card. Remember to use your card for all of your everyday spending, keep an eye on the cashback cap and exclusions, and take advantage of any promotions or special offers that come your way.
Fees and Charges
When choosing a cashback credit card, it is important to consider the fees and charges that come with it. The OCBC cashback card offers a range of benefits, but it’s important to be aware of the fees that come with it.
Annual Fees and Waivers
The OCBC cashback card has an annual fee of S$196.20, but it is waived for the first year. To waive the annual fee for subsequent years, you need to spend a minimum of S$10,000 per year. This may seem like a high amount, but if you use your card for your everyday expenses, it is achievable.
Interest Rates and Charges
The interest rates for the OCBC cashback card are 26.88% per annum. This is a standard rate for credit cards in Singapore. It is important to note that if you do not pay your bill in full, you will be charged interest on the outstanding balance. This can quickly add up and make it difficult to pay off your balance.
In addition to interest rates, there are other charges that may apply to your OCBC cashback card. Late payment fees are S$100 if you do not pay your minimum payment by the due date. Overlimit fees are S$40 if you exceed your credit limit. Cash advance transaction fees are 6% of the amount withdrawn or S$15, whichever is higher. Foreign currency transaction fees are 2.8% of the transaction amount.
It’s important to be aware of these fees and charges so that you can avoid them as much as possible. Make sure to pay your bills on time and in full to avoid late payment fees and interest charges. Avoid cash advances and foreign currency transactions if possible to avoid those fees as well.
Overall, the OCBC cashback card offers a great way to earn cashback on your everyday expenses. Just be sure to understand the fees and charges that come with it so that you can use it responsibly and avoid unnecessary fees.
Eligibility and Application
Criteria for Singaporeans and Foreigners
To apply for an OCBC Cashback Credit Card, you need to meet certain eligibility criteria. If you are a Singaporean or Permanent Resident (PR), you need to have an annual income of at least S$30,000. If you are a foreigner, you need to have an annual income of at least S$45,000.
New-to-OCBC cardmembers can apply for an OCBC Cashback Credit Card by filling out an online application form. You will need to provide your personal details, such as your name, NRIC or passport number, and contact information. You will also need to provide details of your employment, such as your occupation, company name, and monthly income.
Applying for OCBC Cashback Credit Cards
To apply for an OCBC Cashback Credit Card, you can visit the OCBC website and fill out an online application form. You will need to provide your personal and employment details, as well as information about your income and expenses.
Once you have submitted your application, OCBC will review your application and let you know if you are approved. If you are approved, you will receive your new credit card in the mail within a few days.
Remember to check the annual income requirement for your specific credit card before applying. Also, keep in mind that you may need to spend a minimum amount each year to qualify for certain benefits.
With an OCBC Cashback Credit Card, you can enjoy cashback on your everyday spending, from daily necessities to recurring bills and more. Apply today and start earning cashback on your purchases!
Additional Benefits and Services
As an OCBC Cashback cardholder, you can enjoy a wide range of additional benefits and services that can help you save money and enhance your lifestyle. Here are some of the key advantages of using an OCBC Cashback card:
Travel and Insurance Advantages
If you love to travel, you’ll be pleased to know that the OCBC Cashback card offers a range of travel and insurance benefits. For example, you can enjoy free travel insurance coverage of up to $500,000 when you charge your airfare tickets to your OCBC Cashback card. Additionally, you can enjoy exclusive discounts and deals on hotel bookings, car rentals, and other travel-related expenses.
Fuel Savings and Utility Bill Rebates
If you’re looking to save money on your petrol and utility bills, the OCBC Cashback card has got you covered. With the card, you can enjoy up to 24% fuel savings at Sinopec service stations, comprising of a 20% instant onsite discount and an additional 4% cashback on gross fuel spend. You can also enjoy rebates on your electricity bills, phone bills, and other utility bills when you charge them to your OCBC Cashback card.
Exclusive Shopping and Dining Deals
If you enjoy shopping and dining out, the OCBC Cashback card can help you save money and enjoy exclusive deals. For example, you can enjoy up to 6% cashback on your local and overseas dining expenses, including food delivery. You can also enjoy exclusive discounts and deals on shopping, entertainment, and other lifestyle expenses when you charge them to your OCBC Cashback card. Additionally, you can enjoy foreign currency transactions at competitive exchange rates.
Overall, the OCBC Cashback card offers a range of benefits and services that can help you save money and enhance your lifestyle. Whether you’re looking to save money on your petrol and utility bills, enjoy exclusive shopping and dining deals, or travel with peace of mind, the OCBC Cashback card has something for you. With its competitive cashback rates and wide range of benefits, the OCBC Cashback card is an excellent choice for anyone looking to save money and enjoy a better lifestyle.
Frequently Asked Questions
How can I maximise my rewards with the OCBC 365 Credit Card?
To maximise your rewards with the OCBC 365 Credit Card, you should use it for your daily expenses such as dining, groceries, petrol, and online shopping. You can earn up to 6% cashback on dining transactions, 3% cashback on groceries, 5% cashback on petrol, and 3% cashback on online shopping. Additionally, you can earn up to S$80 cashback each month, which adds up to S$960 every year.
What exciting benefits come with the OCBC INFINITY Cashback Card?
The OCBC INFINITY Cashback Card offers exciting benefits such as earning 1.6% per S$1 spent across all spend categories, in both SGD and foreign currency. You can also enjoy unlimited cashback with no minimum spend required, and no cap on the cashback earned.
Are there any exclusive deals for OCBC INFINITY Cashback Cardholders?
Yes, there are exclusive deals for OCBC INFINITY Cashback Cardholders such as discounts on dining, shopping, travel, and entertainment. You can check the OCBC website for the latest promotions and deals.
What steps should I follow to redeem my cashback with OCBC?
To redeem your cashback with OCBC, simply log in to your OCBC online banking account, select the credit card you wish to redeem cashback from, and choose the amount you want to redeem. You can also redeem your cashback through the OCBC mobile app or by calling the OCBC customer service hotline.
How does the OCBC 2% cashback offer enhance my spending experience?
The OCBC 2% cashback offer enhances your spending experience by allowing you to earn 2% cashback on your total spend, with no minimum spend required. This offer is available for a limited time only, so make sure to take advantage of it while it lasts.
What are the latest promotions for OCBC cashback credit cards?
The latest promotions for OCBC cashback credit cards include earning up to S$160 cashback when you spend a minimum of S$1,600 with the OCBC 365 Credit Card, and earning up to S$100 cashback when you apply for an OCBC credit card and spend a minimum of S$300 within the first month. You can check the OCBC website for the latest promotions and deals.