• OCBC CashFlo Credit Card

    Credit Card BYTES FROM OUR KITCHEN

     OCBC Cashflo Credit Card Promotions

    • Travel and Hotel offer: Get 10% off on published room rates for all room types at Avillion Admiral Cove using your OCBC credit card. This offer is valid until October 31st, 2017.
    • Health and Beauty offer: Get 3 complimentary 30-minute personal training sessions and 3 complimentary 30-minute spa treatments on purchasing a 3-month spa membership for $1,077 at Fairmont Singapore, Willow Stream Spa. This offer is valid until May 31st, 2017.
    • Travel insurance promotion: Get 50% off on year-round single trip plans and 25% off on year-round annual plans using your OCBC credit card.
    • Dining and entertainment offer: Get 15% off on total bill for dine-in at Coffee House. This offer is valid until October 31st, 2017.
    • Leisure and Arts offer: Get 15% off on regular-priced tickets bought on site at Trick Eye Museum Hong Kong using your OCBC credit card. This promotional Offer is valid until December 31st, 2017.
    • Dining and entertainment offer: Get 15% off on total bill for dine-in at Crow’s Nest. This offer is valid until October 31st, 2017.
    • Travel and Hotel offer: Get 10% off on published room rates for all room types at Avillion Port Dickson using your OCBC credit card. This offer is valid until October 31st, 2017.
    • Home and Office offer: Get additional 5% off on mattresses purchased at Sealy using your OCBC credit card. This offer is valid until April 30th, 2017.
    • Dining and entertainment offer: Get 15% off on total bill for dine-in at Jungle Fringe Karaoke. This offer is valid until October 31st, 2017.
    • Travel and Hotel offer: Get 10% off on published room rates for all room types at Avillion Legacy Melaka using your OCBC credit card. This offer is valid until October 31st, 2017.

    OCBC CashFlo Credit Card

    The OCBC CashFlo credit card is touted as Singapore’s First Auto-Instalment credit card and allows cardholders to better manage their finances by offering payment solutions that not just converts their payments into more manageable instalments but also allow cardholders to save by earning a cash rebate on expenses charged to the card.

    Features of OCBC CashFlo Credit Card

    • It converts expenses charged to the card into monthly instalments.
    • It earns rebates on expenses charged to the card.
    • Annual fees are waived for the first two years and is waived from the third year on when an annual expense of S$10,000 is charged to the card.

    Rewards

    • Cardholders can pay off monthly expenses amounting to less than S$1000 in instalments of up to S$300 over three months at 0% interest provided the minimum expense charged to the card is S$100.
    • Expenses charged to the card below S$1000 per month earn a cash rebate of 0.5%.
    • Cardholders can pay off monthly expenses exceeding S$1000 through 0% interest instalments over 6 months by paying up to S$200 per month.
    • Expenses charged to the card above S$1000 a month earn a cash rebate of 1%.

    Benefits

    • The card automatically converts all expenses charged to it into instalment payment plans whose tenure is dependent on the amount charged to the card.
    • All expenses amounting to less than S$1000 is converted into a 3 month instalment payment plan
    • All expenses exceeding S$1000 charged to the card is converted into a 6 month instalment payment plans.
    • Cardholders can also earn cash rebates on their spend criteria.

    Insurance

    OCBC CashFlo cardholders can avail travel insurance from Explorer at discounted rates. Cardholders can use their card to avail up to 50% discount on Single Trip plans and up to 25% discount on annual plans.

    Fee and charges

    Type of fee Amount payable
    Annual fee The annual fee waived for the first two years of owning the card. Subsequent years charge an annual fee of S$160.50 which can be waived if cardholder charges a minimum of S$10,000 to the card within the anniversary date of the card.
    Supplementary card fee The annual fee of the supplementary card is waived for the first two years. The subsequent annual fees of the card is S$80.25
    Interest rate The interest rate charged on all transactions is 25.92% and on cash advances is 28.92% per annum both of which are calculated on a daily basis
    Late payment charges A fee of S$100 is charged as penalty.
    Cash advance fee The higher of S$15 or 6% of the withdrawn amount is charged as cash advance fee.
    Administrative fee To accelerate the payment of automatic instalments, a fee of S$150 is charged

    Transactions in foreign currencies

    Overseas transactions made in foreign currencies have a foreign transaction fee levied against it. The charge varies based on the currency in which the transaction is made. For currencies made in US Dollars the transaction amount is converted into Singaporean Dollars and a conversion fee of 1% of the transaction amount as well as a administrative fee of 1.8% of the transaction amount is charged and for transactions made in other currencies, the transaction amount is first converted into US Dollars and then into Singaporean Dollars and a conversion fee of 1% of the transaction amount as well as a administrative fee of 1.8% of the transaction amount is charged. The rate of conversion is calculated at the time of posting and not at the time of making the transaction. Transactions made overseas but effected in Singaporean Dollars attract an international processing fee of 1% of the transaction amount for all MasterCard or Visa Transactions.

    How to apply for OCBC CashFlo Credit Card

    Aspiring candidates can apply for the OCBC CashFlo credit card either by applying online at the OCBC website or any third party financial website offering the services. Applicants need to submit the completed application form and submit all required documents. Candidates can also apply for the card via the offline route by visiting their nearest OCBC branch.

    Eligibility Criteria for OCBC CashFlo Credit Card

    • The age of the primary cardholder must be at least 21 years as at last birthday.
    • The age of the supplementary cardholder must be at least 21 years as at last birthday.
    • The minimum annual income required to avail the card for Singaporean Nationals or Permanent Residents is S$30,000.
    • The minimum annual income required to avail the card for Foreign Nationals is S$45,000.

    Documents required

    Applicants that wish to avail the CashFlo credit card from OCBC need to provide the following documents.

    For Salaried Applicants

    • Front and back copy of the applicant’s NRIC.
    • Applicant needs to provide the copy of their latest 6 months of CPF contribution statement.
    • Applicant needs to provide a copy of their latest payslip.

    For Self-employed Applicants or Applicants with Variable income/Commission Based Income

    • Front and back copy of the applicant’s NRIC.
    • Applicant needs to provide the copy of their latest 12 months of CPF contribution statement.
    • Applicant needs to provide a copy of the most recent income tax notice assessment.

    For Foreign Applicants

    • Applicant needs to provide a copy of their passport.
    • Applicant’s employment pass which has a validity of at least 6 months during time of application.
    • A copy of the applicant’s latest payslip.
    • A copy of the applicant’s latest income tax assessment notification.

    Interest on OCBC CashFlo Credit Card

    The OCBC CashFlo credit card has an interest rate of 25.92% per annum charged on all transactions made using the card. This interest rate is calculated on a daily basis starting from date of transaction. Cash advances attract a higher rate of interest at 28.92% per annum. This rate is calculated monthly from date of cash advance taken until such a time when the advance has been fully repaid.

    Repayments

    The OCBC CashFlo card requires the cardholder to make minimum monthly payments amounting to 3% of the current outstanding balance or S$50, whichever is higher. If the cardholder has exceeded the credit limit or has any previous outstanding dues then the minimum payment includes the 3% of the current outstanding balance plus any previous outstanding due or amount exceeding the credit limit. Failure to make minimum monthly payments on time results in a late payment fee of S$80.

    Reporting lost/stolen credit cards

    OCBC CashFlo cardholders need to report their lost or stolen credit cards on 1800 363 3333 as soon as they discover their credit card as lost or stolen or misplaced. Doing so will limit the cardholder to a liability of S$100 against all unauthorised transactions and cash advances. Failure to do so will result in the cardholder being liable for all unauthorised card transactions.

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