OCBC Bank cares about its customers and provides innovative solutions for the ever changing needs of its customers. The OCBC NTUC PLUS Visa Credit Card is tailored for the customers, allowing them to enjoy the perks and benefits to the fullest. Avail discounts on shopping, refuelling, etc. and live life king size.
The NTUC Plus! Visa Card is one you can easily rely on for your day-to-day expenses. It is a cashback card that provides you with discounts for several purchases. You get to enjoy discounts and LinkPoint rebates at a wide range of participating merchants such as FairPrice, Unity, Cheers, Caltex, Esso and many other retail outlets. You don’t have to pay annual fee for the principal card. Also, for up to 3 supplementary cards there is no annual fee. This definitely makes the card a favourable option for many Singaporeans.
Let’s take a look at the important features of NTUC Plus! Visa Card:
Take a look at several benefits you get when you own an NTUC Plus! Visa Card:
The OCBC NTUC Plus! Visa Card rewards you in a number of ways:
For more clarity on how you earn LinkPoints through this card, take a look at https://www.ocbc.com/plus/assets/pdf/terms-and-conditions-governing-ntuc-plus-visa-card-rewards-programme.pdf.
You can buy NTUC Income’s Plus! Term Life Insurance at lower premiums if you are an OCBC NTUC Plus! Card holder. You can check out further details here – https://plus.com.sg/apply/insurance/plus-term-life-insurance.
As an NTUC Plus! Credit Card holder, you are given the flexibility to convert your large credit card purchases into easy monthly instalments. To add to your convenience, these instalments are interest-free as well. Take a look at the instalment payment plans offered by the OCBC Bank below:
|Type of fee||Amount payable|
|Annual fee||Prevailing NTUC Membership fee only|
|Supplementary card fee||No annual fee for up to three supplementary cards|
|Interest rate||25.92% p.a.|
|Late payment charges||S$100|
|Cash advance fee||6% or S$15 of the withdrawn amount. Whichever amount is higher will be considered|
|Interest on cash advance||28.92% p.a.|
The NTUC Plus! Visa Cards sent to you will be an inactive card. This is deliberately done by the OCBC Bank so that your card is protected against credit card fraudulent activities.
You can activate your credit card for local use by either of the following ways mentioned below:
Soon after you activate your credit card successfully, you will receive an SMS via your registered mobile number. Also, activation of the magnetic stripe that is present on the backside of your credit card is not required for local usage. However, it needs to be activated for transactions made when you are travelling overseas. There are 5 main ways to activate and deactivate your credit card (magstripe) for an overseas purchase:
You can also activate or deactivate your card for overseas ATM cash withdrawal through mail-in forms. Both activation and deactivation will be done within 7 functional days.
Apart from US dollar (USD) transactions, all other transactions in foreign currency will be first converted into USD instead of SGD depending on the rate quoted by the relevant card associations. Along with 1% currency conversion charge which is levied by the relevant credit card associations, 1.8% of your foreign transaction amount will also be imposed as an administrative fee by the bank. So a total of 2.8% is chargeable on the amount in Singapore dollars (not the currency you pay in).
If your credit card was approved prior to 22 August 2012, your cash advance withdrawal limit will be set as per the available credit limit you hold. If your credit card was approved after 22 August 2012, your cash advance withdrawal limit will go up to 70% of your credit card’s approved credit limit.
Using an OCBC ATM, the maximum amount you can withdraw is S$1,000 for a single transaction and it can go up to your available credit limit. The maximum withdrawable amount is S$20,000 in a single day. Your withdrawal limit might vary when you are overseas. For cash withdrawal, your credit card PIN is mandatory.
For every cash withdrawal transaction you make, either 6% of the withdrawn amount or S$15 will be applicable as cash advance fee. The amount which is higher will be considered as your cash advance fee.
On a day-to-day basis, 28.92% p.a. will be the cash advance interest that will be calculated (minimum of S$2.50). This will be imposed on the withdrawn amount from the date on which the withdrawal was done, till the date your complete payment is received. Your cash advance interest will be subjected to compounding if your monthly interest fee is not repaid completely.
You can apply for the NTUC Plus! Visa Card online on the OCBC Bank’s official website. All you need to do is go to OCBC Singapore and find the OCBC NTUC Plus! Credit Card webpage. On this webpage, check for the ‘How to apply’ button. Click on ‘Start’ to apply for your credit card and then follow 5 easy steps.
You can also go to your nearest branch of OCBC Bank and apply for the credit card in person.
In order to qualify for the this Card, there are certain criteria you need to meet on a mandatory basis. These are given below:
You also need to be an NTUC Member to apply for the OCBC NTUC Plus! Visa Card.
Here are the documents that you must submit along with the application form to successfully apply for this credit card:
The applicable rate of interest is 25.92% p.a. when you fail to pay your entire credit card bill within the stipulated due date. S$2.50 is the minimum charge for every month and this will be calculated from the date of transaction done till the date you have paid your complete outstanding bill amount to the OCBC Bank. There is an interest-free period of 23 days from statement date is available for transactions, but if you don’t pay your full bill by this time, then the annual compounded rate will be levied.
When your outstanding balance amount is within the limit of your credit card, you need to make a minimum payment of S$50 or 3% of your entire balance amount within your due date. When your outstanding balance amount has exceeded the limit of your credit card, you need to pay 3% of your entire balance plus the excess of your credit limit along with any overdue amount.
In case your NTUC Plus! Credit Card is lost, stolen, misplaced or your credit card PIN has been revealed to an unauthorised party, you will need to notify the bank authorities immediately. After informing the bank regarding your card being lost or stolen card, or your PIN disclosure, you will not be held responsible for any kind of unauthorised transactions. Although, the OCBC Bank will debit all card transactions (inclusive of cash advances) from your respective card account that has been processed before the bank is notified, and this includes transactions done without your approval.
For unauthorised transactions on your card, your liability will be restricted to S$100. You will be eligible for this minimal liability only if you comply with the following conditions:
In order to notify the OCBC Bank regarding the loss of your credit card, you can reach out to the bank any time of the day by calling 1800 363 3333. A bank representative will then assist you in blocking your NTUC Plus! Visa Card.
Suppose you retrieve your credit card after reporting the loss or theft of your credit card to the bank, you are not supposed to continue using the credit card. You need to cut the recovered card into pieces and give them back to the bank authorities. In the event of you failing to do this, you will be held responsible for every transaction made using your credit card. The bank will then issue a replacement card to you and an additional fee will be applicable.
Runtime: This is an ongoing promotional offer.
Particulars: At Esso fuel stations, when you use your OCBC Plus! Or OCBC Plus! NTUC credit or debit cards, you can enjoy fuel savings of 18.5 percent. You can also earn 2.8 Smiles Points on your card.
With OCBC 365 credit card, you can avail savings of 18.3 percent on your refills. With any other OCBC credit card, you can avail a discount of 14 percent on the petrol refills.
Terms and Conditions:Please, get in touch with the bank to know more about the terms and conditions of the promotion