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

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  • Reviews (96)
  • Questions (16)
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Credit Cards/OCBC 365 Credit Card
Credit Cards/OCBC 365 Credit Card

USER RATINGS

Speed of Approval

4.6

Ease of Fee Waiver

3.9

Customer Service

4.3
Credit Cards/OCBC 365 Credit Card

USER RATINGS

Read reviews

Speed of Approval

4.6

Ease of Fee Waiver

3.9

Customer Service

4.3

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

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.

Read More about OCBC 365 Credit Card
Reviews (96)

3.7

96 Reviews

  • 5
    25
  • 4
    38
  • 3
    21
  • 2
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  • 1
    8

Read Review About...

360 account

credit card

minimum spend

card cashback

customer service

ocbc 365

fee waiver

ocbc 360

rebate card

min spend

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  • Updated on 03 Feb 2020

    Purchased

    OCBC 365 Card

    [Cashback Card] [Useful For General Spending Card, but other cards can be better] Useful card initially when the minimum spend was $500.00 Can be easliy hit to enjoy dining discounts at 8%. However, after the drop in discounts and the increase in the minimum spend, there are other cards that are much more rewarding.
    0 comments
    0
  • Updated on 28 Jan 2020

    Purchased

    OCBC 365 Card

    [Bill Payment] Using this card for Telco and other recurring bills payment in order to meet the $500 spend per month as part of the 360 account adder. So far compared to Multiplier i am able to get extra $60-80 per month but that is assuming deposit has at least 70K and my cc spending per month is about 1.5K [Fee Waivers] Last experience 4-5yrs back wasn’t good cause the customer service on the other end of the phone does not allow me to waive but i can understand why cause i use less than $150 per month over the course of 1 year as i was using POSB Everyday card more previously. Re-applied in Oct 2019, will see if it’s easier to waive off now that my spending per month is more than 1.5K. Accepted at most outlet, optimum would be to use it for F&B when dining out and Petrol is you are able to hit $200 per month for Esso .
    0 comments
    0
  • Posted on 24 Dec 2019

    Purchased

    OCBC 365 Card

    Was a great card coupled with the bonus interest savings using OCBC 360 account. However, with the updates on bonus interest on OCBC 360 account, this card does not seem so good anymore
    1 comment
    0
    John Doe

    02 Jan 2020

    Sorry - what changes to OCBC 360 account?
  • Posted on 24 Dec 2019

    Purchased

    OCBC 365 Card

    Great if you dine out often as there is a good cashback of 6%. I find that there are few hidden terms and conditions with this card. Used in conjunction with the 360 savings account, this would be a good starter pack for young working adults. One thing to remember though, pay your credit card dues in time! OCBC is probably the toughest bank to get late payment fee waivers, according to my friends.
    0 comments
    0
  • Posted on 24 Dec 2019

    Purchased

    OCBC 365 Card

    Used to be good till they changed the OCBC 365 scheme. They will change the scheme randomly and it is no longer attractive.
    1 comment
    0
    John Doe

    02 Jan 2020

    Sorry - what changes to OCBC 360 account?
Questions (16)

Recent Activity

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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

Kathlyn Laiu
Kathlyn Laiu, Community Associate at Seedly
Level 6. Master
Answered 3w ago
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

OCBC 365 Credit Card

MileLion

OCBC 360 Account

OCBC 90° N Credit Card

Credit Cards

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

Savings

Family

OCBC

OCBC 365 Credit Card

OCBC 360 Account

Savings Accounts

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

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

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

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

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

Cedric Jamie Soh
Cedric Jamie Soh, Director at Seniorcare.com.sg
Level 8. Wizard
Answered on 13 Oct 2019
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

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

Lifestyle

Savings

OCBC 365 Credit Card

Credit Cards

Glenn Toh
Glenn Toh, Founder at Whatcard.sg
Level 4. Prodigy
Updated on 23 Jun 2019
First, if you are only spending $800/month on the OCBC365 card it is not possible at all to hit the cashback cap of $80 (which is a 10% cashback) since the OCBC365 rebate categories only give 3-6% cashback. You should think of the $80 as the upper limit on what OCBC will give, which is really only relevant if you spend much more than 800/month on the card. Based on what you shared and assuming you spend ~800/month each month, for May you achieved 18.25/800 = 2.3% overall cashback, which I would say is good enough to keep using the card. However what you got in April and March is very poor and if those are typical months you may want to consider other OCBC cards such as the OCBC Titanium Rewards or FRANK credit card that do not have minimum spending requirements. Finally, the 0.3% bonus interest rate on OCBC360 account is not considered partof the $80 cashback. One tip I could share to help maximise your cash rebate is to do a quick search on https://www.whatcard.sg/ to see if you get bonus cashback on OCBC365 card before spending. Full disclosure: I am part of the team that developed WhatCard to help ourselves figure out how to best maximise credit card rewards.
👍 2
Load more questions

OCBC 365 Credit Card

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.

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.

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

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
  • 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.

Key Features and 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 24.6% fuel savings at Caltex (valid with CaltexGO app till 31 Dec 2019)
  • Up to 20.4% fuel savings at Esso (valid till 31 Dec 2019)

Public Transport

  • 3% cashback on local and overseas private hire rides and bikes (e.g. Grab, Gojek, RYDE)
  • 5% cash rebates on local and overseas taxi services

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

Others

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

OCBC 365 Credit Card: Benefits

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

  • 24-hour hotline: 1800 363 3333 (SG) and +65 6363 3333 (if overseas)

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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