Ho Xiu Rong

16 Aug 2020

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I'm paying for my insurance installments using the GE cashflo card. Is it recommended to pay for them using another method since the Spend Bonus is removed from the OCBC 360 account?

OCBC 360 Account OCBC Great Eastern Cashflo Credit Card

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Duane Cheng

16 Aug 2020

Financial Consultant at Prudential Assurance Company Singapore

Hi Ms.Ho,

As most of your insurance policies are from GE, this is the only card which allows you to split your yearly premiums into monthly payments without incurring a 3% adminstrative fee on your premiums.

Most cards in the market do not accept insurance premiums as a form of spending at this point. If you are comfortable paying a lump sum every year, you can just opt for a giro deduction. If not you can continue to use your card!

Hope i was able to shed some insight!

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Do you think it is a wise option to cancel my OCBC 365 credit card since the Spend Bonus is removed from OCBC 360 account?

I’m currently using OCBC passbook savings. Can I open another OCBC 360 account under my name? Or do I have to cancel my passbook account first?

Does the OCBC GE cashflow card count as a credit spend monthly for the OCBC 360 account?

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