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Should I cancel my ocbc 365 CC and sign up for ocbc 90°N CC to hit my ocbc 360 credit card spending?
Understand that the OCBC 90°N credit card does not have any minimum amount spending but OCBC 365 credit card has minimum amount spend of $800.
Should I consider to change to OCBC 90°N credit card since I rarely hit the amount of $800 for OCBC 365 credit card?
On top of that, I don't really like the credit card minimum spending to earn the cashback even though OCBC 360 account has to hit $500 to earn the bonus.
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Elijah Lee
06 Feb 2020
Senior Financial Services Manager at Phillip Securities (Jurong East)
Hi anon,
Don't let the bonus interest on the OCBC 360 account guide your decisions. Your spending should be driven by your needs, and not your desire to earn more interest. You earn bonus interest because you have to buy something and put it on your card, not the other way round.
With that in mind, if you have a difficult time meeting the minimum spend of $800, then I highly recommend that you take the OCBC 90N card, since that will reward you with miles from the first dollar. You'll have to want to be involved in the miles game though, or the card may not make too much sense for you.
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Yes. Your credit card reward points should be tailored to how you spend not the other way you spend ...
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Yes, you should change to OCBC 90 N card since you rarely hit the required amount for 365.