If you are looking for a great cashback credit card, look no further than the OCBC 365 Card! This card gives you cashback on your regular, everyday spends. You get 6% cashback on weekend dining in Singapore and on Caltex petrol purchases, 5% cashback on fuel transactions at other petrol stations, 3% cashback in categories such as weekday dining in Singapore, all-week dining outside the island, supermarket purchases, online shopping and recurring bills from M1, SingTel and StarHub, and 0.3% cashback on other transactions made on the card. If you are a trustee for a Child Development Account, then you can also get 3% cashback on medical expenses such as dental or medicine clinic visits, hospitals or cord blood banking.
However, the catch is that you can earn only up to S$80 per month as cashback and you need to spend at least S$600 per month to get this cashback. While it is hardly difficult to meet the minimum spend criteria, the cashback cap might seem too low compared to some other cards available in Singapore.
If you think the annual fee of S$192.60 (which is waived for the first two years, by the way) is too much, think of all the extra privileges the card is offering. From Visa Signature Concierge Services and Luxury Hotel deals to free travel insurance of up to S$200,000, this cashback card gives you much more than you expect.
Finally, here’s a card which earns you cash back, through the year! The OCBC 365 credit card has been designed especially to maximize your savings while you collect points for daily spends like groceries, dining, entertainment, travel, shopping, fuel and much more.
The applicable fee structure for OCBC 365 credit cards is given below:
Interest free Period
If there are no charges that are carried forward from the previous month the you can avail an interest free period for 24 days calculated from the date of the statement
Interest on Purchases
If the full payment is not cleared within the due date then an interest of 25.92 percent is charged annually. The minimum charge is SGD 2.50 every month and it is calculated from the date of the transaction till the whole payment is made.
Cash Advance Fee
The cash advance fee is 6 percent of the withdrawn amount or SGD 15, whichever is more.
Late Payment Charges
If the minimum balance is not paid then the bank charges SGD 60 as late payment charges.
You may apply for an OCBC 365 Credit Card if you fulfill the following pre-requisites:
Cashback takes on a whole new meaning with the OCBC 365 Credit Card. Earn cashback on various lifestyle activities like dining, shopping, fuel, groceries, telecom bills nda host of other expenses.
There a diverse range of credit cards offered by OCBC to meet an equally diverse range of requirements. Listed below are some of the most popular OCBC Bank.