OCBC Rewards Credit Card
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Summary
OCBC Rewards Credit Card
The rewards credit card that gives you better rewards and greater flexibility when you shop, with up to 10 times the amount of OCBC$ for every S$1 spent in certain retail categories.
Product Page Transparency
- Pays to access additional features
Card Features & Details
1) Key Features
- 10 OCBC$ (or 4 air miles) for every S$1 spent in certain retail categories, online and in-store
- Instant approval when applying using Myinfo which allows you to use your digital card right away.
- 2% rebate on all purchases made at Best Denki, on top of the 10 OCBC$ per S$1 spent
2) Benefits
OCBC$
+ Earn 10X OCBC$ (or 4 miles) for every S$1 spent at stores and online shopping platforms such as Lazada, Shopee, Amazon, and Qoo10
+ Earn 1X OCBC$ (or 0.4 miles) on all other spends, including public transport rides
+ Enjoy complimentary e-commerce protection on all your online purchases made with this card
+ Get an additional 2% cash rebate when you spend at BEST Denki, on top of the 10 OCBC$ earned
+ Get fast approval and use your digital card instantly when you apply via MyInfo
+ Read our full review of the OCBC Rewards Credit Card
- 10 OCBC$ per S$1 earn rate is capped at 120,000 OCBC$ in each card anniversary year
- Min. annual spending of S$10,000 to qualify for automatic annual fee waiver
3) Eligibility
- Age: 21 years old and above
- Citizenship: Singaporeans, PRs & Foreigners
- Min. Annual Income: S$30,000
4) Fees & Charges
- Annual principal fee: S$196.20 (inclusive of GST)
- Supplementary card annual fee: S$97.20 (inclusive of GST)
- Late payment fees: S$100
- Repayment grace period: 23 calendar days from statement date
- Your minimum payment amount will be calculated as:
undefinedundefined - Cash advance charges: S$15 or 8% of the amount drawn, whichever is higher.
- Overlimit fee: S$40, if the total outstanding balance (including unbilled balance) of all credit card(s) exceeds the customer’s combined credit limit on any day within the statement period, charged to the credit card with the earliest statement cycle and highest outstanding balance.
Frequently Asked Questions
Can you enjoy annual fee waiver for the OCBC Credit Card?
- Yes, the annual fee for the OCBC Credit Card of S$196.20 (inclusive of GST) is waived for the first 2 years. The same applies to the supplementary card annual fee of S$97.20 (inclusive of GST)
Who should apply for the OCBC Credit Card?
- The OCBC Credit Card is ideal for regular spenders who pay for dining, food delivery, electricity and telco bills, rides and fuel
What is the minimum income requirement for the OCBC Credit Card?
- Minimum annual income: S$30,000
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Summary
OCBC Rewards Credit Card
The rewards credit card that gives you better rewards and greater flexibility when you shop, with up to 10 times the amount of OCBC$ for every S$1 spent in certain retail categories.
Product Page Transparency
- Pays to access additional features
Card Features & Details
1) Key Features
- 10 OCBC$ (or 4 air miles) for every S$1 spent in certain retail categories, online and in-store
- Instant approval when applying using Myinfo which allows you to use your digital card right away.
- 2% rebate on all purchases made at Best Denki, on top of the 10 OCBC$ per S$1 spent
2) Benefits
OCBC$
+ Earn 10X OCBC$ (or 4 miles) for every S$1 spent at stores and online shopping platforms such as Lazada, Shopee, Amazon, and Qoo10
+ Earn 1X OCBC$ (or 0.4 miles) on all other spends, including public transport rides
+ Enjoy complimentary e-commerce protection on all your online purchases made with this card
+ Get an additional 2% cash rebate when you spend at BEST Denki, on top of the 10 OCBC$ earned
+ Get fast approval and use your digital card instantly when you apply via MyInfo
+ Read our full review of the OCBC Rewards Credit Card
- 10 OCBC$ per S$1 earn rate is capped at 120,000 OCBC$ in each card anniversary year
- Min. annual spending of S$10,000 to qualify for automatic annual fee waiver
3) Eligibility
- Age: 21 years old and above
- Citizenship: Singaporeans, PRs & Foreigners
- Min. Annual Income: S$30,000
4) Fees & Charges
- Annual principal fee: S$196.20 (inclusive of GST)
- Supplementary card annual fee: S$97.20 (inclusive of GST)
- Late payment fees: S$100
- Repayment grace period: 23 calendar days from statement date
- Your minimum payment amount will be calculated as:
undefinedundefined - Cash advance charges: S$15 or 8% of the amount drawn, whichever is higher.
- Overlimit fee: S$40, if the total outstanding balance (including unbilled balance) of all credit card(s) exceeds the customer’s combined credit limit on any day within the statement period, charged to the credit card with the earliest statement cycle and highest outstanding balance.
Frequently Asked Questions
Can you enjoy annual fee waiver for the OCBC Credit Card?
- Yes, the annual fee for the OCBC Credit Card of S$196.20 (inclusive of GST) is waived for the first 2 years. The same applies to the supplementary card annual fee of S$97.20 (inclusive of GST)
Who should apply for the OCBC Credit Card?
- The OCBC Credit Card is ideal for regular spenders who pay for dining, food delivery, electricity and telco bills, rides and fuel
What is the minimum income requirement for the OCBC Credit Card?
- Minimum annual income: S$30,000
3.5
24 Reviews
Service Rating
Speed of Approval
Ease of Fee Waiver
Customer Support
High to Low
Posted 23 Aug 2021
Purchased
OCBC Rewards Credit Card
My go to card for shopping on electronics and fashion to get 4mpd. A must have for all miles chasers, especially with the annual (not monthly) cap0
What are your thoughts?Posted 20 Nov 2019
Purchased
OCBC Rewards Credit Card
Overview: TR card awards you 10X for shopping spend – local, overseas, online and offline. Pros: Most shopping merchants are covered under the eligible MCC codes. No monthly cap, cap is on a yearly basis. To further increase the cap, one can apply for both the pink and blue card to get double the cap. Complimentary use of JetQuay Quayside for quick showers before/after a flight. The card also provides e-commerce protection for online purchases that were not delivered – which many people are not aware of. Cons: It is tough to determine which merchant has which MCC code for it to be eligible for the 10X reward, have to ask the merchant which MCC code does it have. Only 10X reward on shopping category and occasionally a bonus on other categories, though not frequent. Redemption partners quite limited. Overall: is a good card to earn 4 miles per dollar and accelerate your way to redeeming flights0
What are your thoughts?Posted 16 Nov 2019
Purchased
OCBC Rewards Credit Card
I use this card for fashion shopping as it gives me 10x points for fashion retail shopping. For other purchases it allows me to collect ocbc$ as well which I can accumulate and redeem for shopping vouchers or miles points. Waiver of annual fee was easy and convenient as well. I called OCBC and it was waived on the spot0
What are your thoughts?Posted 13 Nov 2019
Purchased
OCBC Rewards Credit Card
One of the first few credit cards I had and a card i'd likely use for a long time. In combination with the 365 OCBC Credit card, it gives good cashback! Always looking forward to the perks enjoyed with this card. Wildly accepted in many eateries and entertainment sales (with bonuses of cos :)). A great everyday card - from food, groceries, transport to lavish nights out!0
What are your thoughts?Posted 13 Nov 2019
Purchased
OCBC Rewards Credit Card
[Miles Card] One of the best cards to earn 4mpd from! The list of MCCs that earns you 4mpd may be little, but the list of qualified merchants (such as Lazada, Shopee, Qoo10, and even Mustafa) makes this card one of best 4mpd hacks you can ever keep in your wallet. However, the downside behind this is, you don't know which transaction actually earns you the 4mpd easily unless you were to backtrack/track/whatever your points transaction yourself or call in the contact centre to check.0
What are your thoughts?Posted 19 Sep 2019
Good card to use for people who frequently purchase clothing and electronic as well as on online merchants such as AliExpress, Amazon, Lazada, Shopee and Taobao.0
What are your thoughts?Posted 05 Sep 2019
Great card for certain categories without minimum spending to hit per month to enjoy 4 miles per dollar spending. Cap at 12k per year.0
What are your thoughts?30 May 2018
The rewards rate for $1 = 10 OCBC$ is not only for online. You get 10X points when you shop at retails for babies and children's wear, clothes, bags and shoes, department stores, electronics and gadgets; which cover almost all retails. Why I think this win against Citibank Rewards is because of its points redemption. I'm a fan of cash redemption using points. Citibank Reward is $10 rebate for 4200 points; while OCBC Reward is $10 rebate for 3600 points. On a long run, you get more rebates :)0
What are your thoughts?27 May 2018
I always use it this card with Samsung pay. My go-to-card for all mobile paywave payments to get 4miles/dollar.0
What are your thoughts?Posted 30 Oct 2021
Purchased
OCBC Rewards Credit Card
Customer support is excellent when you finally can connect and get through. Impossible to call in as the wait time is too long. Forget about calling in, even if urgent.0
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Learn more about the OCBC Rewards Credit Card
Discover the OCBC Rewards Credit Card - your key to rewarding shopping experiences! Earn OCBC$ rewards on every purchase, online or in-store, and enjoy exclusive offers. Experience the convenience of contactless payments and elevate your shopping game today.
Product Information for OCBC Rewards Credit Card
OCBC Rewards Credit Card Benefits
Unleash shopping rewards with the OCBC Rewards Credit Card! Explore the exciting benefits in the following sections and elevate your shopping experience like never before.
Here are 3 main ways the OCBC Rewards Card Can Benefit You
- Redeem Cash Rebates with your OCBC$
- Redeem your OCBC$ for Vouchers
- Exchange your OCBC$ for Air Miles
How Much OCBC$ Rewards Points Can You Earn?
Discover the abundance of OCBC$ rewards points that you can earn. With the OCBC Rewards Card, you stand to earn up to 10x OCBC$ rewards points (equivalent to 4 air miles) per $1 spent on eligible categories.
Merchant Category Code (MCC) | Category Spend | OCBC$ Earn Rate |
|---|---|---|
MCC 5311 | Departmental Stores | 10x OCBC$ |
MCC 5611 | Men’s and Boy’s Clothing and Accessories Stores | 10x OCBC$ |
MCC 5621 | Women’s Ready to Wear Stores | 10x OCBC$ |
MCC 5631 | Women’s Accessory and Speciality Stores | 10x OCBC$ |
MCC 5641 | Children’s and Infants’ Wear Stores | 10x OCBC$ |
MCC 5651 | Family Clothing Stores | 10x OCBC$ |
MCC 5661 | Shoe Stores | 10x OCBC$ |
MCC 5691 | Men’s and Women’s Clothing Stores | 10x OCBC$ |
MCC 5691 | Computers, Peripherals, and Software | 10x OCBC$ |
MCC 5045 | Electronics Stores | 10x OCBC$ |
MCC 5732 | Miscellaneous Apparel and Accessory Shops | 10x OCBC$ |
MCC 5699 | All Other Eligible Spends | 1x OCBC$ |
Shop at These Merchants To Enjoy Bonus OCBC$ on Your Purchases
Unlock 10x bonus OCBC$ rewards on your purchases at these top merchants!
Merchants | OCBC$ Earn Rate |
|---|---|
Alibaba | 10x OCBC$ |
AliExpress | 10x OCBC$ |
Amazon | 10x OCBC$ |
Courts | 10x OCBC$ |
Daigou | 10x OCBC$ |
Ezbuy | 10x OCBC$ |
IKEA | 10x OCBC$ |
Lazada | 10x OCBC$ |
Mustafa Centre | 10x OCBC$ |
Qoo10 | 10x OCBC$ |
Shopee | 10x OCBC$ |
Taobao | 10x OCBC$ |
Eligibility for OCBC Rewards Credit Card
Below are the eligibility criteria to apply for an OCBC 365 Credit Card
Eligibility Type | Eligibility Requirements |
|---|---|
Minimum Age | 21 Years Old |
Annual Income | $30,000 and above |
Minimum Annual Spend | $10,000 in one year from date of issue |
Interest Rates and Fees for OCBC Rewards Credit Card
Find out what are the interest rates and fees tied to the OCBC Rewards Credit Card
Fee Type | Fee Amount |
|---|---|
Annual Fee for Principal Card | $194.40 (Waived for the first 2 years) |
Annual Fee for Supplementary Card | $97.20 |
Minimum Spend for Automatic Waiver of Annual Fee | $10,000 annual spend starting from the month card is issued |
Foreign Currency Transaction Fee | 3.25% |
Minimum Payment | $50 or 3% of Total Balance, whichever is higher, plus any overdue amount |
Late Payment Charge | $100 |
Interest on Cash Advance | 28.92% |
Interest On Purchases | 26.88% |
Interest Free Repayment Period | 23 Days |
Other Information about OCBC Rewards Credit Card
Miscellaneous Information | Details |
|---|---|
Supported Payment Type | Apple Pay, Google Pay, Samsung Pay |
Credit Card Types | World Mastercard |
Things to Note When Using the OCBC Rewards Card
Cap on bonus spend per year
There is a cap of 120,000 OCBC$ cap on bonus spend per year. So if you are a big spender, do keep track of your spending with the OCBC Rewards Card.
OCBC$ rewards points are awarded per $5 blocks
Due to the way the rewards system is structured, you will have to pay extra attention to your transactions as OCBC$ points earned are rounded down to the nearest $5. So if your transaction is worth $99, then you will only be earning OCBC$ for only $95 of your transaction.
Subsequent annual fee waiver requires a minimum annual spend of $10,000
In order to qualify for a fee waiver after the first 2 years, you will have to rack up a total spend of minimum $10,000 per year.
How to best use the OCBC Rewards Credit Card?
Maximize Your Online Shopping Rewards
Use the OCBC Rewards Credit Card for online purchases at eligible merchants to earn higher OCBC$ rewards. Keep an eye out for promotions and bonus rewards for specific online retailers to get the most out of your online shopping.
Focus on Bonus Categories for Extra Rewards
Pay attention to bonus categories where you can earn extra OCBC$ rewards. These may include fashion, electronics, travel, or dining. Plan your spending accordingly to maximize rewards in these specific categories.
Consolidate Everyday Spending for Faster Accumulation
Utilize the OCBC Rewards Credit Card for all your everyday expenses, including groceries and dining, to accumulate OCBC$ points faster. This way, you can earn rewards on the necessities of daily life.
Redeem Strategically for Maximum Value
Monitor your OCBC$ balance regularly and redeem rewards strategically. Choose rewards that align with your interests and lifestyle, whether it's vouchers, gifts, or miles, to make the most of your points.
Plan for Big Purchases and Special Occasions
If you have significant expenses coming up, such as travel or major purchases, time them with promotional periods or bonus rewards categories to earn more OCBC$ on these transactions.
Check OCBC$ Expiry and Redeem Promptly
Be aware of the OCBC$ expiry date and redeem your points before they expire to ensure you get the most value from your rewards and avoid losing any earned points.
Connect with OCBC for Personalized Help and Excellent Service.
Telephone: +65 6363 3333
Email: You can write to them at this website address here.
You can also write a physical letter to them addressed to:
OCBC Bank
65 Chulia Street
#01-00
OCBC Centre
Singapore 049513
Terms and Conditions of OCBC Rewards Card
- MCC is assigned by the payment card organisations (eg. Visa, AMEX), not OCBC Bank
- A merchant might have more than one MCC for eg. a merchant registered as an electronic store and financial institution
- OCBC$ will not be awarded for these transactions: Utility payment, Wire Transfer Money Order (WTMOs), Direct marketing insurance services, spending for schools, insurance, tax payments, fine review, bail and bond payments etc.
- Maximum OCBC$ earned from spending in eligible MCC is 120,000 OCBC$/annum
- All transactions made thereafter will only earn 01 x OCBC$ per S$1 spend
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.
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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