OCBC 365 Credit Card | Cashback Credit Cards in Singapore

Credit Cards

The OCBC 365 Credit Card is a terrific all-around cashback credit card for anyone who spends money on “the usual stuff.” The bonus cash rebates basically cover everything, You can get 3% to 6% on restaurants, internet travel, shopping, phone bills, and gasoline. In this blog, we tell you about the OCBC 365 credit card. 

Continue reading to learn more about the OCBC 365 Credit Card.

Terms & Conditions for the OCBC Credit Card

• $192.60 annual fee & waiver (waived for 2 years)
• Additional annual charge of $96.30 (waived for 2 years)
• 23-day interest-free period
• Annual interest rate: 26.88 %
• Late payment penalty of $100
• The minimum monthly payback is 3% of the loan amount, or $50, whichever is greater.

The OCBC Credit Card’s Operation

It is an all-purpose credit card that offers decent cashback on a wide range of purchases, from standard meals and online shopping to regular phone bills and groceries. One such card is the OCBC 365 Credit Card. $800 is the bare minimum spending and the cashback cap is $80 each month. Many common everyday expenses are covered by the bonus cashback rates on this card, including eating, grocery, utilities, and transportation. Whatever your lifestyle is like, you should be able to obtain a decent amount of cashback.

Other Rewards

Dining rebate tiers are no longer divided into the weekend and weekday tiers. It is now a tidy 6% across the board and includes food delivery apps like Deliveroo, FoodPanda, and others, which makes a significant impact. They’ve also included online groceries in the 3% grocery category. Recurring power payments, online trip bookings, and public transportation are new bonus reward categories (all 3 percent ). The second one is especially significant: previously, you could only get extra refunds on gasoline purchases, not for taking the bus, MRT, or taxi. 

But, of course, these greater benefits come at a cost! The minimum spends on the OCBC credit card has increased by $200 from $600 to $800. Despite the fact that you are supposed to spend more, the cashback ceiling remains at $80 per month.

Who should apply for an OCBC 365 Credit Card?

The OCBC 365 Credit Card is wonderful for everyone and anybody who pays for their own shit, actually, with additional rewards for dining, shopping, telco bills, and gas. With a substantial 3 percent cashback rate, the card is one of the few that delivers accelerated rewards for telco purchases. If you have large telco costs or pay the phone bills of more than one person (for example, your spouse, children, or elderly parents), this is a great card to have.

The $800 minimum monthly spending criteria may be exorbitant for some, but given the variety of categories in which you may earn cashback, it’s realistic. Furthermore, once the new program is implemented, your Deliveroo meals and RedMart purchases will be counted as dining and groceries as well. 

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