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

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  • Reviews (19)
  • Questions (0)
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Credit Cards/OCBC Cashflo Credit Card
Credit Cards/OCBC Cashflo Credit Card

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This product has not been claimed by the company yet.

USER RATINGS

Speed of Approval

4.6

Ease of Fee Waiver

4.7

Customer Service

4.5

OCBC Cashflo Credit Card

1% rebate on monthly bill of $1000 and above
CASHBACK
$100
CASHBACK CAP
$0
MINIMUM SPEND

    OCBC Cashflo Credit Card

    1% rebate on monthly bill of $1000 and above
    CASHBACK
    $100
    CASHBACK CAP
    $0
    MINIMUM SPEND

Details

OCBC Cashflo Credit Card Review 2020

  • Interest-free auto-instalment credit card that offers you up to S$100 in monthly rebates
  • 0% Interest for monthly instalments when buying big-ticket items - a convenient way to pay off purchases via instalment as it offers
  • Automatically splits your transactions across a 3 - 6 months period of instalments.
  • Transaction amount below S$1,000 will be split across 3 months, while amounts above S$1,000 will be split across 6 months
  • Enjoy up to 1% rebate (Capped at S$100 per month)
  • Additional benefits include fuel savings of 14% off petrol at Caltex and Esso.
  • OCBC Cashflo is suitable for those looking to pay for larger expenses via instalment over a period 3 - 6 months as it has an attractive 0% interest and cash rebate on top of that.

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

Read More about OCBC Cashflo Credit Card
Reviews (19)

4.6

19 Reviews

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  • Updated on 09 Jun 2020

    Purchased

    OCBC Cashflo Credit Card

    [Useful For...] Large purchases like my annual premium for insurance and household items. I feel I have better buying power when I bargain for me to buy a year subscription or annual payment for items or services and I charge to this card.
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  • Updated on 09 Jun 2020

    Purchased

    OCBC Cashflo Credit Card

    [Useful For...] If you have big amount items, this card will automatically turns the payment into monthly payment while you paid up front the full amount. [Bill Payment] Bill payment is fuss free is you are using the apps or online payment simply at the click of buttons or swipes.
    0 comments
    0
    Post
  • Updated on 09 May 2020

    Purchased

    OCBC Cashflo Credit Card

    This card is very user-friendly as we can enjoy 3 months auto instalment spending of Sgd500 to Sgd1,000 and 6 months auto instalment spending above Sgd1,000 and 1% rebate with Sgd1,000 minimum spend and no processing fee.
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  • Updated on 07 Jan 2020

    Purchased

    OCBC Cashflo Credit Card

    This is is a good card if you are a Great Eastern policy holder, you can split your premium at the same time earning rebates. Otherwise there is nothing else good for this card as other rebates card give you better benefits
    0 comments
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  • Posted on 26 Nov 2019
    The best feature of the card is auto calculate the monthly instalment payment for the expenses incurred without any additional interest. And you don’t even have to apply for it.
    0 comments
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OCBC Cashflo Credit Card

New to credit cards? Here's your complete guide to cashback credit cards.

Key Features and Benefits of OCBC Cashflo Credit Card

These are some highlights of the OCBC Cashflo Credit Card and the cashback benefits to offer.

Benefits of OCBC Cashflo Credit Card

What You'll Get

Interest-free monthly instalment

0% Interest for monthly instalments when buying big ticketed items
- Pay over 3 months when you spend from S$100 to S$999
- Pay over 6 months when you spend S$1,000 and more

Rebate

1% rebate (Capped at S$100 per month)
- 0.5% cash rebate with monthly bill below S$1,000
- 1% cash rebate with monthly bill S$1,000 and above

Welcome Gift

S$50 cash rebate upon approval of card - S$0 minimum spend required by 30 November 2019 (Only for new OCBC Credit Card Applications)

Travel Insurance

55% Explorer Travel Insurance single trip plans

OCBC Cashflo Credit Card - Benefit

Eligibility for OCBC Cashflo Credit Card

To be eligible for the OCBC Cashflo 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 Cashflo Credit Card

  • Annual Principle Fee: $160.50 (First 2 years waived)
  • Annual Supplementary Card fee: $80.25 (First 2 years waived)
  • Fee waiver: Available (provided that you hit the minimum spending of at least S$5,000 in 1 year, starting from the month in which the card is issued)
  • Interest-Free Period: 23 days
  • Annual Interest Rate: 26.88%
  • Minimum monthly payment: 3% or $50, whichever is higher
  • Late payment charge: $100
  • Cash advance fee: 6% or $15, whichever is higher
  • Interest on Cash Advance: 28.92% p.a.
  • Administration Fee: S$150 to accelerate payment of automatic instalments
  • Extension of instalment term: 3% of outstanding amount applies for 3- and 6-month term extension, and 5% of outstanding amount applies for 12-month term extension.

The Best Credit Cards of 2020 Review: How does OCBC Cashflo Compare?

OCBC Cashflo is not usually a card you'd intuitively think about when choosing credit cards. However, it does serve a very specific need of paying instalments with 0% interest. It also makes your payment process much easier by automating the instalments over a set duration of 3 or 6 months. On top of enjoying a buy-now-pay-later option, you can also get up to 1% cashback on these instalments. OCBC Cashflo also does not charge extra processing fees unlink other banks that facilitate instalment payments.

However, OCBC Cashflo Credit Card is not suitable for individuals who are looking to enjoy more rewards for spending as Cashflo does not seem to offer any other substantial perks other than their interest-free duration and cashback programme.

Terms and Conditions of OCBC Cashflo Credit Card

  • 0.5% cash rebate with a monthly bill below S$1,000
  • 1% cash rebate with a monthly bill of S$1,000 and above
  • Transactions not eligible for cash rebate include: prepaid accounts and payment service providers (e.g. EZ-Link), charitable/religious organisation donations, cleaning, maintenance and janitorial services, real estate agents and bank fees. Please refer to the full Terms & Conditions of the card on the website to view the complete list of exlcusions.
  • The default auto-instalment trigger amount is S$100. You can change the amount by contacting OCBC.
  • Trigger amount refers to the minimum amount for each transaction you make on the OCBC Cashflo Credit Card, before the bank automatically splits the payment into instalments for you.

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

How to Apply for OCBC Cashflo Credit Card

About OCBC

The Overseas-Chinese Banking Corporation, Limited - or OCBC Bank - is headquartered in Singapore. Its inception in 1932 was the result of a merger of three local banks. As the second-largest bank in Southeast Asia, the multinational banking and financial services has assets of close to $468 billion. It has an Aa1 rating from Moody's, and an AA-rating from Standard & Poor's.

At present, the bank has over 570 branches across 18 countries and regions. Its services range from commercial banking and specialist financial and wealth management to asset management, stockbroking, insurance and treasury services.