Should I cancel my ocbc 365 CC and sign up for ocbc 90°N CC to hit my ocbc 360 credit card spending? - Seedly
Seedly logo
Seedly logo
 

Anonymous

Asked on 05 Feb 2020

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.

0 comments

6 answers

Answer Now

Answers (6)

Sort by

    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.

    0

    Thank You!
    Can you clarify
    I wonder if
    This is so helpful 👍
    What about
    Post
    pat

    pat

    Level 7. Grand Master

    Answered on 06 Feb 2020

    Yes, you should change to OCBC 90 N card since you rarely hit the required amount for 365.

    0

    Thank You!
    Can you clarify
    I wonder if
    This is so helpful 👍
    What about
    Post
    CS

    Chan seng hoong

    Level 6. Master

    Answered on 06 Feb 2020

    Yes. Your credit card reward points should be tailored to how you spend not the other way you spend to meet credit card rewards. Hence change to 90N card, which also has a cashback function

    0

    Thank You!
    Can you clarify
    I wonder if
    This is so helpful 👍
    What about
    Post
    BA

    Barry Allen

    Level 6. Master

    Answered on 06 Feb 2020

    Yes, I think you should. With the OCBC 90°N, you earn Travel$ which can be converted to both cashback and miles. You have greater flexibility all round compared to OCBC 365. The 90°N also earns bonus Travel$ on selected spend which makes it a no brainer.

    0

    Thank You!
    Can you clarify
    I wonder if
    This is so helpful 👍
    What about
    Post
    Boon Ming

    Boon Ming

    Level 5. Genius

    Answered on 06 Feb 2020

    OCBC 365 is great for petrol filling and if you hit $800 minimum spending else it would fall flat at 0.3% cashback.

    You have answered yourself! :)

    0

    Thank You!
    Can you clarify
    I wonder if
    This is so helpful 👍
    What about
    Post
    Ken K

    Ken K

    Level 6. Master

    Answered on 06 Feb 2020

    The ocbc 90N cc promo is ending end Feb, sign up quick!

    0

    Thank You!
    Can you clarify
    I wonder if
    This is so helpful 👍
    What about
    Post