OCBC 365 Credit Card Reviews and Comparison - Seedly
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OCBC 365 Credit Card

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  • Reviews (97)
  • Questions (17)
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OCBC 365 Card

6% on everyday dining
CASHBACK
$80
CASHBACK CAP
$800
MINIMUM SPEND

    OCBC 365 Card

    6% on everyday dining
    CASHBACK
    $80
    CASHBACK CAP
    $800
    MINIMUM SPEND

Details

  • A popular credit card with cashback benefits for everyday expenses
  • 6% cash back on everyday Dining & Online Food Delivery
  • 3% of cash back on Groceries
  • 3% cash back on Transport including Privare Hire Vehicles and Taxis
  • 3% cash back on Utilities including Recurring Electricity Bills and Telco Bills
  • 3% cash back on Online Travel deals like purchase of tickets, hotels or tours online.
  • Great Fuel savings of 20.2% to 22.1% for Esso and Caltex respectively
  • Base cashback rate of 0.3% for all eligible spend
  • Cashback amount is capped at S$80 per month
  • To enjoy the maximum cashback, individuals need to spend a minimum of S$800 per calendar month
  • Minimum spend: S$10,000 per year

OCBC 365 Credit Card Review 2020

The OCBC 365 credit card is a popular credit card with cashback benefits for everyday expenses. These include local and online food delivery, groceries, ride-hailing services such as Grab, and recurring telco and electricity bills. Enjoy up to 6% cashback on common transactions like dining and online food delivery. For everyday essentials, get 3% cashback on groceries, transport and utility. On top of all these, stand to save up to 22.10% on petrol at Caltex, or 20.2% at Esso. You can still enjoy 5% cashback at all other petrol service stations for non-Esso or Caltex patrons. There are conditions to enjoying these cashback rates including a cashback cap at a maximum of S$80 per month, and a minimum required spending of S$800 per month.

Read More about OCBC 365 Credit Card
Reviews (97)

3.7

97 Reviews

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    25
  • 4
    36
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    9

Read Review About...

minimum spend

360 account

credit card

card cashback

customer service

ocbc 365

fee waiver

ocbc 360

spend 800

rebate card

Most HelpfulMost RecentLow to HighHigh to Low
  • Updated 3w ago

    Purchased

    OCBC 365 Card

    Easy apply and approve credit card. E-card was issued for online purchase in advanced before actual card got delivered. The card has good cashback when hitting spending target of 800 (actual cashback, not some points or voucher), but be careful some spending are not considered. Update 2020* Grabpay only eligible for 0.3%, so use direct CC for food/transport spending is recommend. In fact with the recent change of Grab policy, the point you obtained become same via GrabPay and CC On top of that, hitting spending of 500 allows additional interest if pair with 360 account. Good combo if you plan it well.
    0 comments
    0
  • May 2020 update: I have cancelled this card in 2019 as they have increased the minimum spend to $800. The perks that I mentioned in 2018 is not worth if you need to spend more than usual to attain. I have scattered spending pattern where I don't spend a whole lot on 1 particular category, which can hit $600 with some purchases with no extra rebate.. I actually like this card as it suits my lifestyle. I have StarHub HomeHub, which benefits from 3% telco rebate +3% starhub ocbc rebate, 6% on weekend dining, 3% on online shopping, Grab rides and some grocery shopping. When paired with OCBC 360 account, the rebates and interest is quite attractive for me to stay for now. I will still keep this as my primary card for now, as it suits my spending pattern.
    0 comments
    0
  • Updated 4w ago

    Purchased

    OCBC 365 Card

    It is a good credit card as i manage to receive $60-80almost every month, with the requirement of min $500. Unintentionally you will be tempted to spend more just to qualify. Recommended for those who spends > $500. Also they do charge annual fee on subsequent year, need to be mindful to call in to waive. I do not see a lot of perks offered by the merchants under OCBC. THe free insurance also seems like very vague as nobody could answer the coverage and claim process. [Cashback Card]
    0 comments
    1
  • Updated on 28 Apr 2020

    Purchased

    OCBC 365 Card

    Good rebate, but requires minimum spending each month. Don't really like the customer service as it would take such a long time to connect to them via telephone calls. Wish they can improve on this aspect!
    0 comments
    0
  • Updated on 24 Apr 2020

    Purchased

    OCBC 365 Card

    Fee waiver efforts are lousy. customer service is slow and template reply. didn't get a reply, and have to keep appealing for fee waivers. refuse to give, went online and google found out that ton of complains against OCBC
    0 comments
    0
Questions (17)
Recent ActivityUnansweredTrending

OCBC 365 Credit Card

MileLion

OCBC 360 Account

Credit Cards

OCBC 90 Degrees N Credit Card

Should I cancel my ocbc 365 CC and sign up for ocbc 90°N CC to hit my ocbc 360 credit card spending?
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.
👍 1

OCBC 365 Credit Card

OCBC

Cashback

Credit Cards

Payments

Does OCBC 365 credit card entitle cashback for SP utilities?
Tay WenHao
Tay WenHao
Level 6. Master
Answered 3w ago
Yup. Applicable for cashback. However I'm using UOB ONE Credit Card myself to get 6% cashback.
👍 1

OCBC Best Denki Credit Card

OCBC

OCBC FRANK Credit Card

OCBC 365 Credit Card

OCBC 360 Account

Rebates

OCBC Titanium Rewards Card

Payments

Savings

Credit Cards

How does the STACK feature on OCBC credit cards work?
Kathlyn Laiu
Kathlyn Laiu, Community Associate at Seedly
Level 6. Master
Answered on 10 Mar 2020
The STACK rewards programme is a multi platform loyalty platform that brings all your rewards points together on a single platofrm so you can track and exchange points. STACK allows you to combine points from multiple rewards systems. STACK has a feature called STACK marketplace where you get to access a catalogue of deals and rewards listed. As long as you are a member of at least 2 of the participating members, you can use STACK. Partners of OCBC are: Robinsons, Millennium Hotels and Resorts, UPGREAT, AsiaMalls
👍 2

Savings

Family

OCBC

OCBC 365 Credit Card

OCBC 360 Account

Savings Accounts

How should I hit the Wealth tier for OCBC 360 account?
Hi anon, I would just skip the wealth tier altogether. You should be earning the extra interest as a result of your actions (i.e., salary crediting, spending on credit card, etc) instead of letting the extra interest guide your actions (e.g. purchasing an investment product or insurance policy that might not serve your needs). It's all well and good if you find something that suits you, but do understand that your insurance options will be extremely limited since OCBC partners with GE, and you might want to know what other insurers can offer (work with an independent financial advisor for that). On the investment side, it's usually on unit trusts, but OCBC has (as of this time of writing) a little over 500 funds to choose from. Other platforms such as POEMS will have more funds for you to choose from, and you won't have any sales charges as well. TLDR; I would just pretend the wealth tier doesn't exist and focus on salary crediting, CC spend, and increasing my average monthly balance by $500/mth.
👍 5

Insurance

Grab

UOB One Card

OCBC 365 Credit Card

DBS Live Fresh Visa Student Card

SG Budget Babe

MileLion

Credit Cards

Can I use credit card top up grab wallet to pay insurance policy premiums via mobile AXS?
Wallace Chai
Wallace Chai
Level 9. God of Wisdom
Answered on 17 Dec 2019
Unfortunately no. Great estern policy only allows you to pay with GE cashflow OCBC card where you can earn 1% cashback.
👍 14

OCBC

OCBC 365 Credit Card

Credit Cards

Any OCBC credit card users has experience the credit card transaction statement different from what is stated in the OCBC app transaction?
From what I know, it happened to a few of my friends. The best way to check this is to tally it against your known expenditure. One of the ways that I do this is via the SMS and email alerts. Yes, I find it difficult as well - I am pretty annoyed with their ever changing terms for their card. Accordingly, I have abandoned it a couple of years ago. Have been absolutely happy since. Here is everything about me and what I do best.
👍 0

Grab

Cashback

OCBC 365 Credit Card

OCBC 360 Account

Is it possible to top up Grabpay using OCBC 365 credit card, then use the Grabpay to pay for housing loan?
Royalchem
Royalchem
Level 5. Genius
Answered on 05 Nov 2019
Cashback no. Minimum spend i think yes.
👍 0

Cashback

Lifestyle

OCBC 365 Credit Card

Credit Cards

Any card recommendations for a monthly spend of $500-$600 on Caltex and $200-$300 on bills contributing to an average total monthly spend from $1000 - $1200?
If you are looking at a pure discount for petrol, you might want to look at OCBC Plus card too. As they have upfront 18% discount for petrol + link points that you will be able to accumulate
👍 0

DBS

Lifestyle

OCBC 365 Credit Card

Savings Accounts

Credit Cards

Can I pay my bills for the OCBC credit card from my DBS savings account?
All the banks allow you to pay other VISA / Mastercard bills from other banks via internet banking in your bank internet banking. Do note that the payment is not immediate but it takes 1-3 working days to reach the other bank. (that is the official line, but usually, it is only 1 day)
👍 1

OCBC

Cashback

OCBC 365 Credit Card

Credit Cards

How do you actually calculate how much cashback you get from your credit card spend?
Aik Kai
Aik Kai
Level 7. Grand Master
Updated on 01 Aug 2019
I am using miles card but I guess the method behind is the same. I use excel. I copy every transaction from my statment and then apply formula. Most of the time, it tally with what the banks give me. If it don't, I will just call them up and most of the time, it is because the MCC is different. Otherwise, they will look into it and then gives you the points (or cashback) after their investigation. Hope this helps!
👍 1
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ocbc 365 credit card

New to credit cards? Here's your complete guide to cashback credit cards, and the difference between cashbacks and cash rebates.

Benefits of OCBC 365 Credit Card

These are some highlights of the OCBC 365 Credit Card and the cashback benefits it has to offer.

OCBC 365 Credit Card Benefits

What You'll Get

Dining

  • 6% dining cashback (daily) on restaurants, cafes, caterers and fast food outlets (excludes bars, hotel eateries and country clubs)
  • 6% cashback on online food delivery orders (e.g. Foodpanda and Deliveroo)

Fuel/Petrol

  • 5% cashback on petrol (all petrol kiosks)
  • Up to 22.1% fuel savings at Caltex
  • Up to 20.2% fuel savings at Esso

Public Transport

  • 3% cashback on local and overseas private hire rides and bikes (e.g. GoJek, TADA, and Grab but excluding GrabPay)
  • 5% cash rebates on local and overseas taxi services (e.g. ComfortDelGro)

Utilities & Telecommunication

  • 3% cashback on recurring telco bills (for SingTel, StarHub, M1, Circles.Life and MyRepublic)
  • 3% cashback recurring electricity bills (for Sembcorp Power, Senoko Energy and Keppel Electric)

Groceries

Travel

  • 3% cashback on online air and cruise ticket purchases
  • 3% cashback on online hotel and tour bookings (e.g. Agoda and Airbnb)
  • Up to $500,000 complimentary Travel Personal Accident Insurance if you charge any round-trip land/sea/air travel tickets to your OCBC 365 Credit Card

Others

  • 0.3% cash rebate on everything else (capped at $200/month)

OCBC 365 Credit Card: Benefits

Eligibility for OCBC 365 Credit Card

To be eligible for the OCBC 365 Credit Card, you'll have to meet the following criteria:

  • Be at least 21 years old
  • For Singaporeans and PRs: Minimum annual income of $30,000
  • For foreigners: Minimum annual income of $45,000

How does the OCBC 365 Credit Card compare?

Pros:

  • A standard daily transactions card, suitable for daily usage
  • Fee waiver for the first 2 years (with S$10,000 spend per year, which breaks down to about S$833.50 a month)
  • Great fuel savings at 20.2% - 22.1% for Esso and Caltex customers
  • 3% Online Travel cashback attractive for frequent travellers with an entry-level card

Cons:

  • S$800 minimum monthly spending
  • 0.3% base cash back rate
  • Not ideal for individuals who spend more in other specialised areas like entertainment or shopping

Fees and Charges for OCBC 365 Credit Card

  • Annual Principle Fee: $192.60
  • Annual Supplementary Card fee: $96.30 a year (First 2 years free)
  • Fee Waiver: 2 years annual fee waiver, subsequently waived for annual spend of $10,000
  • Minimum Spend: S$10,000 in one year, starting from the month after your OCBC 365 Credit Card was issued
  • Interest-Free Period: 23 calendar days from statement date (provided no balance has been carried forward from the previous statement)
  • Annual Interest Rate: The effective interest rate is 25.92% per annum and is subject to compounding if the monthly charges are not repaid in full.
  • Minimum Monthly Payment: 1% of principal plus interest, fees and charges (or $50, whichever is greater)
  • Late Payment Charge: A late payment charge of $100 will be charged if minimum payment due is not received by the due date
  • Cash Advance Fee: A Cash Advance Fee of $15 or 6% on the amount withdrawn, whichever is greater, applies for each Cash Advance transaction. Cash Advance interest of 28.92% p.a (minimum S$2.50) will be calculated on a daily basis and levied on the amount withdrawn from the withdrawal date until full payment. Interest subject to compounding if the monthly interest charges are not repaid in full.

OCBC 365 Credit Card Promotions

  • New OCBC 365 cardmember sign-ups enjoy a $50 cash rebate upon successful application
  • No minimum spend is required
  • Online applications only. Valid till 31 Dec 2019

Terms and Conditions of OCBC 365 Cashback Card

  • To be eligible for the above cashback on Dining, Petrol, Online, Grocery, Recurring Telecommunications bill and Medical (where applicable), Cardmembers must spend a minimum of S$800 based on posted transactions in a calendar month on the OCBC 365 Card.
  • The spending can be aggregated between the Principal and Supplementary Cardmembers and is only valid for retail transactions.
  • Cashback is computed based on 2 decimal places per transaction without any rounding.
  • Cashback earned will be credited into the Principal Cardmember’s card account in the following month based on posted transaction. Cashback earned by a Supplementary Cardmember will be credited to the Card Account of the Principal Cardmember.
  • OCBC reserves the right to vary the percentage of the cash rebate or revise the minimum spend required without notice at any time or from time to time.
  • Cashback is awarded only for retail purchases made on the Card. Annual card fees, Cash-OnInstalments, Instalment Payment Plan, PayLite, tax payments, interest, late payment charges, Cash Advances, Balance Transfers and other fees and charges, and bill payments made via Internet Banking or any AXS network will not be taken into account in the award and computation of cashback.
  • In relation to spend incurred on any EZ-Link and Transit Link transactions posted in a Principal Cardmember’s credit card account (“EZ-Link spend”) in a relevant calendar month, such a Principal Cardmember is only entitled to claim up to 0.3% cash back from an amount not exceeding S$200 of the total EZ-Link spend for that relevant calendar month. For the avoidance of doubt and notwithstanding anything to the contrary, the total cash back a Principal Cardmember may be entitled to receive in relation to his/her total EZ-Link spend for a relevant calendar month shall not exceed S$0.60.
  • Purchases charged to the Card but yet to be posted to the Card Account will not be taken into account in the computation of cashback to be awarded.
  • Refunded purchases will be deducted from the relevant monthly billed amount for the computation and award of cashback. Any reversed portion of cashback will be reflected in the Billing Statement of the following month.
  • OCBC may retract, deduct and/or re-compute any cashback awarded if any Cardmember fails to effect due payment for the Card Transactions, abuse the cashback programme as deemed fit by the bank or if the Card Account is terminated by a Cardmember or the Bank.
  • Any cashback awarded will be reflected in the Billing Statement provided on a monthly basis. Such Cashback will be automatically offset against that month’s billed amount.
  • OCBC reserves the right to replace the cashback with another item or kind of reward as we may determine without notice at any time or from time to time.
  • The crediting of cashback to Cardmember’s Card Account will be entirely at our discretion and we shall not be liable or responsible for any loss or damage suffered or incurred by any Cardmember in connection with the Card.
  • All rebates will be awarded in accordance with, among other things, the relevant recognised universal merchant category codes designated by the relevant merchant. As such, OCBC Bank shall not be liable in any way whatsoever to reward any rebate or compensate any Cardmember for any losses, liabilities, expenses or claims suffered or incurred by any such Cardmember if a relevant merchant classifies its universal merchant category code inaccurately and thereby causing the inability of OCBC Bank to reward any rebates to any Cardmember.

OCBC Contact Info

About OCBC (OCBC 365 Credit Card)

Founded in 1932, OCBC Bank is the the second largest banking group in Southeast Asia by total assets. It has steadily ranked in the Global Finance's World's 50 Safest Banks list - coming in at 15th place in 2019. Popular credit cards issued by the bank include OCBC 365, OCBC Frank and OCBC Platinum Credit Card. OCBC Bank's key markets include Singapore, Malaysia and Greater China. At large, its presence spans over 560 branches and offices in 19 countries. OCBC is a wholly owned subsidiary of the Bank of Singapore, which manages its private banking services.

Still unsure? Find out everything you need about credit cards - including what The Best Credit Cards in Singapore are for miles and cashback, factors to consider before getting one, fees to know, and why a good credit score matters.

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