If you’re looking for a credit card in Singapore, OCBC offers a range of options that could suit your needs. With cashback, rewards, and miles benefits, OCBC credit cards can help you save money and earn rewards while you spend. In this article, we’ll guide you through the process of applying for an OCBC credit card in Singapore, as well as provide information on eligibility, fees, and types of cards available.
To apply for an OCBC credit card in Singapore, you’ll need to meet certain eligibility requirements and provide documentation such as proof of income and identification. OCBC offers a variety of credit cards, each with its own set of benefits and fees. Depending on your spending habits and lifestyle, you may find that one card is more suitable for you than another.
Applying for an OCBC credit card is a straightforward process that can be done online or in person. Once you’ve chosen the card that’s right for you, you’ll need to fill out an application and provide the necessary documentation. In this article, we’ll walk you through the steps of applying for an OCBC credit card and help you understand the fees and charges associated with each card.
Key Takeaways
- To apply for an OCBC credit card in Singapore, you’ll need to meet eligibility requirements and provide documentation such as proof of income and identification.
- OCBC offers a variety of credit cards with different benefits and fees, so it’s important to choose the card that best suits your spending habits and lifestyle.
- Applying for an OCBC credit card is a straightforward process that can be done online or in person, and we’ll guide you through the steps to help you understand the fees and charges associated with each card.
Eligibility and Documentation
Required Documents
When applying for an OCBC credit card in Singapore, you will need to prepare and submit the following documents:
- For Singaporeans and Permanent Residents:
- NRIC (front and back) or Passport (for foreigners)
- Latest computerised payslip or latest 12 months’ CPF statement
- Income Tax Notice of Assessment or latest 2 years’ Income Tax Notice of Assessment for self-employed individuals
- For Foreigners:
- Passport
- Employment Pass or S Pass
- Latest computerised payslip or latest 12 months’ CPF statement
- Income Tax Notice of Assessment or latest 2 years’ Income Tax Notice of Assessment for self-employed individuals
Please note that additional documents may be required based on your individual circumstances.
Eligibility Criteria for Singaporeans and Foreigners
To be eligible for an OCBC credit card in Singapore, you must meet the following criteria:
- For Singaporeans and Permanent Residents:
- You must be at least 21 years old
- Your minimum annual income must be $30,000 for most credit cards
- Some credit cards may require a higher minimum annual income
- For Foreigners:
- You must be at least 21 years old
- Your minimum annual income must be $45,000 for most credit cards
- Some credit cards may require a higher minimum annual income
In addition to the above criteria, OCBC may also consider your credit history, existing debt obligations, and other factors when reviewing your credit card application.
Overall, applying for an OCBC credit card in Singapore is a straightforward process that requires you to submit the necessary documentation and meet the eligibility criteria. By doing so, you can enjoy the benefits and rewards that come with using an OCBC credit card.
Types of OCBC Credit Cards
If you’re looking for a credit card in Singapore, OCBC offers a range of options to suit your needs. Here are some of the most popular types of OCBC credit cards you can choose from:
OCBC 365 Credit Card
The OCBC 365 Credit Card is ideal for those who love to dine out and shop. With this card, you can earn cashback on dining, groceries, petrol, and online shopping. You can also enjoy discounts at selected merchants, including up to 20% off at selected restaurants. The annual fee for this card is $192.60, but it’s waived for the first two years.
OCBC Titanium Rewards Card
If you love to travel, the OCBC Titanium Rewards Card is perfect for you. With this card, you can earn rewards points on all your purchases, which you can redeem for travel vouchers, air miles, and more. You can also enjoy discounts at selected merchants, including up to 20% off at selected hotels. The annual fee for this card is $192.60, but it’s waived for the first two years.
OCBC Voyage Card
The OCBC Voyage Card is ideal for frequent travellers. With this card, you can earn rewards points on all your purchases, which you can redeem for air miles, hotel stays, and more. You can also enjoy exclusive travel benefits, such as travel insurance, airport lounge access, and more. The annual fee for this card is $488, but it’s waived for the first year.
OCBC Frank Card
The OCBC Frank Card is perfect for students and young adults. With this card, you can earn cashback on dining, entertainment, and online shopping. You can also enjoy discounts at selected merchants, including up to 5% off at selected cinemas. The annual fee for this card is $80.00, but it’s waived for the first year.
OCBC Great Eastern Cashflo Credit Card
If you’re looking for a credit card that can help you manage your finances, the OCBC Great Eastern Cashflo Credit Card is perfect for you. With this card, you can enjoy interest-free instalment payments on your insurance premiums, as well as earn cashback on your insurance premiums and other purchases. The annual fee for this card is $150.00, but it’s waived for the first year.
Overall, OCBC credit cards offer a range of benefits and rewards to suit your lifestyle and spending habits. Whether you’re looking for cashback, rewards, or exclusive travel benefits, there’s an OCBC credit card that’s right for you.
Applying for an OCBC Credit Card
If you’re looking to apply for an OCBC credit card in Singapore, you’ll be pleased to know that the process is quick and easy. In this section, we’ll cover the two main ways to apply online, as well as some tips to help you get approved faster.
Online Application Process
The first way to apply for an OCBC credit card is through the bank’s website. Simply visit the credit card section of the website and select the card you want to apply for. From there, you’ll need to submit your personal details, including your name, NRIC number, and contact information.
Once you’ve submitted your application, you’ll receive a confirmation email with instructions on how to check your application status. If you’re approved, you’ll receive your new credit card within a few days.
Using MyInfo for Faster Processing
If you want to speed up the application process, you can use MyInfo to automatically fill in your personal details. MyInfo is a government-authorized service that securely stores your personal data, including your NRIC number, name, and address.
To use MyInfo, simply log in to your OCBC account and select the credit card you want to apply for. Then, choose the option to use MyInfo and follow the prompts to submit your application. With MyInfo, you’ll be able to complete your application faster and more accurately, which can increase your chances of approval.
Overall, applying for an OCBC credit card is fast and easy. Whether you choose to apply online or through the mobile app, you can expect a smooth and hassle-free experience. So why wait? Apply for your new OCBC credit card today and start enjoying the benefits of fast and convenient payments!
Understanding Fees and Charges
When applying for an OCBC credit card in Singapore, it is important to understand the fees and charges associated with it. This section will help you understand the annual fees and waivers, interest rates and charges, and other fees you may encounter.
Annual Fees and Waivers
OCBC offers a range of credit cards, each with its own annual fee. The annual fee may be waived for the first year, but subsequent years may require a minimum spending requirement to be met. For example, the OCBC 365 Credit Card has an annual fee of $192.60, which is waived for the first two years. However, to have the annual fee waived in subsequent years, you must spend at least $10,000 on the card in the previous year.
Interest Rates and Charges
Interest rates on credit cards can be high, and it is important to understand how they are calculated. OCBC credit cards have an interest rate of 25.92% per annum, which is calculated daily and charged monthly. This means that if you do not pay your balance in full each month, you will be charged interest on the outstanding balance.
In addition to interest charges, there are other fees that may be charged. For example, if you make a late payment, you may be charged a late payment fee of $100. If you exceed your credit limit, you may be charged an overlimit fee of $40. It is important to make payments on time and stay within your credit limit to avoid these fees.
Overall, understanding the fees and charges associated with an OCBC credit card is important to ensure that you are able to manage your finances effectively. By knowing what fees may be charged, you can make informed decisions about how to use your credit card and avoid unnecessary charges.
Maximising Card Benefits
When you apply for an OCBC credit card in Singapore, you can enjoy a range of benefits that can help you save money and make the most of your spending. Here are some tips on how to maximise the benefits of your OCBC credit card.
Rewards and Rebates
One of the main benefits of an OCBC credit card is the rewards and rebates that you can earn on your spending. Depending on the card you choose, you can earn cashback, miles, or rewards points that can be redeemed for a range of benefits.
For example, the OCBC 365 Card offers cashback on dining, groceries, and petrol spending, while the OCBC Titanium Rewards Card offers rewards points on online and offline shopping. Make sure you choose a card that suits your spending habits and offers the best rewards for you.
Exclusive Perks for Cardholders
In addition to rewards and rebates, OCBC credit cardholders can enjoy a range of exclusive perks that can help them save money and enjoy their lifestyle. For example, some cards offer discounts on dining, shopping, and entertainment, while others offer airport lounge access and concierge services.
The OCBC Voyage Card, for example, offers unlimited airport lounge access and travel insurance coverage, while the OCBC FRANK Card offers discounts on online shopping and cash rebates on overseas spend. Be sure to check the terms and conditions of your card to see what exclusive perks you can enjoy.
By choosing the right OCBC credit card and taking advantage of the rewards and perks on offer, you can make the most of your spending and save money on your everyday expenses. So why not apply for an OCBC credit card today and start enjoying the benefits?
Frequently Asked Questions
What are the eligibility criteria for applying for an OCBC credit card?
To apply for an OCBC credit card, you must be at least 21 years old and have a minimum income of $30,000 per annum. If you are a foreigner, you must have a minimum income of $45,000 per annum. You must also have a good credit score to be eligible for an OCBC credit card.
How can I track the status of my OCBC credit card application?
You can track the status of your OCBC credit card application by logging into your OCBC online banking account. Once you log in, you can check the status of your application under the “Credit Cards” tab.
What are the annual fees associated with OCBC credit cards?
The annual fee for OCBC credit cards varies depending on the type of card you apply for. However, some OCBC credit cards come with a waiver of the annual fee for the first year.
How quickly can I expect to receive my OCBC credit card upon approval?
Upon approval of your OCBC credit card application, you can expect to receive your card within 7 business days. If you have opted for a digital card, you will receive it instantly via email and SMS.
What documents are required to apply for an OCBC credit card?
To apply for an OCBC credit card, you will need to provide your NRIC or passport, as well as your latest income documents such as your payslip or income tax statement.
Are there any exclusive benefits for first-time OCBC credit card applicants?
Yes, there are exclusive benefits for first-time OCBC credit card applicants. These benefits include welcome gifts, cashback, and rewards points. Be sure to check the terms and conditions of the card you are applying for to see what benefits you are eligible for.