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Credit Cards/OCBC 365 Credit Card
Credit Cards/OCBC 365 Credit Card
3.4
129 reviews
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Summary

Summary of OCBC 365 Card Review 2022

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.

Card Features & Details

1) Key Features

  • 6% monthly cashback on all local and overseas dining
  • 5% monthly cashback on fuel spend at all petrol stations
  • 3% monthly cashback on groceries, land transport rides, recurring bill payments, and online travel spending 
  • To enjoy all card benefits below, a minimum spend of S$800 is required per calendar month. Cashback capped at S$80 per calendar month
  • Otherwise, 0.3% cashback on all other transactions 

2) Benefits

Dining

  • Local and overseas dining: 6% cashback monthly
  • Food delivery platforms: 6% cashback monthly

Grocery

  • Local grocery merchants: 3% cashback monthly
  • Online grocery merchants: 3% cashback monthly

Petrol

  • All petrol stations: 5% cashback monthly
  • Caltex: Up to 22.1% fuel savings 
  • Esso: Up to 20.2% fuel savings

Land Transport

  • Local and overseas private hire: 3% cashback monthly
  • Local and overseas taxi: 3% cashback monthly 

Bill Payment

  • Electricity bills: 3% cashback on Geneco, Keppel Electric, Sembcorp Power, Senoko Energy, and Singapore Power 
  • Telco bills: 3% cashback on StarHub, Singtel, M1, MyRepublic, and Circles.Life 
  • Cashback is only applicable when paying for bills has been set up as a recurring bill to the respective providers 

Travel

  • Online ticket purchases (air and cruise): 3% cashback monthly
  • Online bookings (hotels and tours): 3% cashback monthly

Others

  • 0.3% cashback on all other transactions

3) Eligibility

  • Age: 21 
  • Minimum income requirements: S$30,000 and above per annum (Singaporeans and PRs) | S$45,000 and above per annum (Foreigners)

4) Fees & Charges

  • Annual fees: $192.60 (first year fee waiver)  
  • Late fee: S$100
  • Annual interest rate: 26.8%
  • Foreign currency transaction fee: 3.25%
  • Minimum monthly repayment: 3% or S$50, whichever is higher
  • Interest-free period: 23 calendar days

Frequently Asked Questions

Why you should apply for OCBC 365 Card?

  • The OCBC 365 Card offers significant cashback rates for oft-unavoidable recurring spends and expenses of up to 6% dining, food delivery, electricity and telco bills and rides
  • Drivers and riders get to enjoy up to 22.1% and 20.2% fuel savings at Caltex and Esso respectively
  • Even if you're not a frequent traveller, you still get to enjoy up to 3% cashback on travel bookings
  • Nothing falls into the crack with up to 0.3% of all other eligible spend
  • Annual fee waived for 2 years

Can you enjoy annual fee waiver for OCBC 365 Card?

  • Yes, the annual fee for the OCBC 365 Card of $192.60 (inclusive of GST) is waived for the first 2 year

Who should apply for the OCBC 365 Card?

  • The OCBC 365 Card is ideal for regular spenders who pay for dining, food delivery, electricity and telco bills, rides and fuel

Travellers also get to enjoy Cashback rates of up to 3% for hotel, tour and flight bookings, including cruises.

What is the minimum income requirement for the OCBC 365 Card?

  • Singapore/PR: Minimum Income of S$30,000
  • Non-Singaporean Minimum Income of S$40,000

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.

Find out about the card's host of benefits, charges, promotions and eligibility criteria below.

...see more

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

Reviews (129)

3.4

129 Reviews

5
31
4
38
3
32
2
8
1
20

Service Rating

Speed of Approval

4.4

Ease of Fee Waiver

3.6

Customer Support

3.9
      Posted 19 Jun 2022

      Purchased

      OCBC 365 Card

      Don’t ask me why, if the review is bad. It’s bad. I will not sign up ever again. Don’t waste your time. UOB wave your fees at ease. Not this bank…period.

      0

      What are your thoughts?

      Posted 11 May 2022

      Purchased

      OCBC 365 Card

      reasonable cashback card, but too many categories to keep track off, and high minimum spending is required.

      0

      What are your thoughts?

      Posted 22 Dec 2021

      Purchased

      OCBC 365 Card

      Customer support for fee waiver is good and auto. However, the card itself provides very little benefits. Rebates are not as significant as before. Can use as just a normal credit card.

      0

      What are your thoughts?

      Posted 14 Nov 2021

      Purchased

      OCBC 365 Card

      Used to be a good credit card due to enticing interest rate BUT lots of changes to the ways you can earn interest, it's much more difficult now - read up before you apply for it.

      0

      What are your thoughts?

      Posted 11 Oct 2021

      Purchased

      OCBC 365 Card

      Most useless rebates card. Used to be good with 6/7% rebates, now the card is completely useless. Best decision to cancel the card

      0

      What are your thoughts?

      Posted 30 Sep 2021

      Purchased

      OCBC 365 Card

      Used to be one of the best of fresh graduates starting work. However their interest have dropped drastically over the years. not worth anymore.

      0

      What are your thoughts?

      Posted 23 Aug 2021

      Purchased

      OCBC 365 Card

      Super useful cashback card that you can stack with your OCBC 360 account. provides good amount of cashback. remember min. monthly spend.

      0

      What are your thoughts?

      Posted 05 Aug 2021

      Purchased

      OCBC 365 Card

      [Fee Waivers] Was not feel comfortable on using the card , as I have ensure I will clear my bills , as currently working from home, and get 2 late payment charges because of late for 5 days, requires for waiver and was been rejected. Look forward that the term could able to look into case to case base . As we are a regular customer with clean payment record .

      0

      What are your thoughts?

      Posted 27 Jul 2021

      Purchased

      OCBC 365 Card

      A lot of rules to maximise clocking your cashback, and OCBC has been very stringy with waivers. Don't recommend.

      0

      What are your thoughts?

      11 Jul 2021

      Purchased

      OCBC 365 Card

      [Fee Waivers] I had recently asked for annual fee waiver for this card, however, it was being rejected. So I end up cancelling my card after speaking to a customer support. [Customer Service] Customer support is helpful and agree to refund my annual fee charger to my bank account after cancelling the OCBC 365 card. [Promotions and Perks] I think I doesn't lose out by cancelling this card as Maybank Friend and Family Card offer better perks and suit my need.

      0

      What are your thoughts?

    Discussions (0)

      No Posts Found.

      The Best Cash Back Credit Card Review 2021: OCBC 365 Credit Card

      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

      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.

      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

      OCBC 365 Credit Card Promotions

      • New OCBC 365 cardmember sign-ups enjoy perks like rebates upon successful application but as promotions are constantly being updated, do check OCBC 365 Card's official webpage for the most updated promo.

      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

      • Apply Online via the "Visit Site" button above or
      • Visit OCBC Branches

      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.

      You can also pose questions (anonymously, if you'd prefer) on  Seedly Community.

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