Updated in July 2018
The OCBC Platinum Credit Card is a great card for families since it offers rewards on dining, entertainment, and discounts on travel and childcare.
Best suited to: Those who are looking for a family credit card.
|Annual Fee||S$160.50 (waived for the first 2 years. Can be waived subsequently with a minimum annual spend of S$10,000)|
|Rewards points on all retail spends||1 OCBC$ for every S$1 spent|
|Complimentary travel insurance||N.A.|
Let’s say that you have charged S$1,300 to your OCBC Platinum Credit Card for the current month. Of this, you spent S$150 on eating out, S$230 on medical expenses, S$350 on groceries, S$240 on EZ-link and Transitlink transactions, and the remaining S$330 on retail transactions. In such a scenario, the reward points that you will earn are:
|Spend category||Monthly spend||Points Earned||Equivalent Miles|
|Ezlink and Transitlink spends||S$240||200 (points earned on these transactions are capped at S$200)|
|Other retail spends||S$330||330|
|Total||S$1,300||1,260||504 (You need a minimum of 25,000 points to redeem them for a block of 10,000 KrisFlyer miles. Additionally, you will also need to pay S$25 as a conversion fee.)|
You can redeem the OCBC$ that you have earned by choosing from the rewards on OCBC’s rewards webpage. You can also redeem points via OCBC’s internet banking, mobile banking or phone banking services. Your points can be redeemed for KrisFlyer miles, dining deals, offers on fashion and accessories, and many more categories.
Once you select a reward that you would like to redeem your points for, your OCBC$ will be deducted immediately from your account. A voucher will be sent to your billing address within 7 working days.
Just present this voucher along with your OCBC credit card at the participating merchant to collect your reward. Only the principal cardholder can redeem the voucher. If you wish for the supplementary cardholder to redeem it instead, you will need to fill in the nomination form behind the rewards voucher.
This voucher is valid for 3 months unless mentioned otherwise.
|Type of Interests||Charge|
|Retail Purchases||25.92% p.a.|
|Cash Advance||28.92% p.a. (minimum S$2.50)|
|Instalment Payment Plan||0% p.a.|
|Type of Charges||Charge|
|Overseas Transaction Fee||
|Late Payment Fee||S$100|
|Cash Advance Fee||6% of the amount withdrawn or S$15, whichever is higher|
|Supplementary Card Fee||S$80.25 (2-year fee waiver)|
Thinking about getting this card? Make sure you are eligible for it first by checking the criteria for application here.
If you want to use your card for overseas transactions, then you will have to activate the magnetic stripe on the card. You can do this by using OCBC’s Online Banking facility or by sending an SMS. Alternatively, you can also download and mail them the overseas use form.
To deactivate the magnetic stripe for overseas use, you can either log into your online banking account, use OCBC’s SMS banking service or deactivate the stripe on OCBC’s website itself. Immediate deactivation is available via online banking and on OCBC’s website, while it will take 1 working day for the magnetic stripe on your card to be deactivated for overseas use if you use the SMS banking service.
OCBC’s Instalment Payment Plan, PayLite, allows you to split any purchase of S$100 and above into monthly instalments.
The 0% Instalment Payment Plan allows you to split bills of S$200 to S$500 into repayment periods of 6 months to 3 years. This plan is available at specific merchants as well as on a promotional basis.
The amount of cash you can withdraw as cash advance is up to 70% of the approved credit limit on your card.
You can withdraw a maximum of S$1,000 per transaction from an OCBC ATM, up to the cash advance limit. Per day, the maximum amount you can withdraw is S$20,000.
For ATMs overseas, the withdrawal limits may vary.
If you find that your credit card is lost or has been stolen, then notify OCBC immediately by calling their Customer Service Hotline or by informing the bank in writing. If the bank so requires, you may also need to file a report with the police and provide any other information that is asked for.
Once the bank is satisfied that you were in no way responsible for the loss of the card, your liability for any unauthorised transactions will be S$100.
When you have a credit card, how do you keep track of the promotions on it? With multiple deals updated every day, it is tough to remember which one to redeem when. Before you take your card out, check the latest credit card offers on our website to make sure you are taking advantage of the discounts.
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How to Enable/Disable Auto Debit & Standing Instructions?
You can cancel this service through any of these channels:
How to Apply for the Card & Check the Application Status
Apply Online and Follow Up With the Bank
How to Check Balance
Through Phone Banking/SMS Banking/Internet Banking/Mobile Banking
To check the card balance, you can use any of the following channels:
How Can the Bill Be Paid?
Through CDM/Cash/Internet Banking/GIRO/Cheque/AXS/FAST/Phone Banking/NETS/CashCard
Your bills can be paid by any of the following modes:
How Much Is the Minimum Payment to Be Made on the Card?
3% of the Outstanding Balance or Min S$50
The minimum amount you must pay every month is 3% of the outstanding balance or S$50, whichever is greater. In addition, you must also pay any other pending dues charged to your account.
What Is the Grace Period?
The grace period is 23 calendar days after the generation of your statement. This is, however only applicable only if you have paid your previous dues in full.
Which Mobile Wallets Can This Card Be Used With?
Google Pay/Samsung Pay/Fitbit Pay/Apple Pay
The following mobile wallets can be linked to your SCB credit card:
Can It Be Used With EZ-Link?
Yes, your card can be linked to the EZ-Link top-up feature. After linking, you have the advantage of automatic top-up whenever your balance falls low.
How to Block or Unblock the Card
Call the Bank
To block or unblock the card, you can call up the 24-hour helpline number of the bank.
How to Reset the PIN
Through Phone Banking/Online Banking/Mobile Banking
You can reset the PIN of your card through:
What Is the Billing Cycle and the Bill Due Date?
The billing cycle is decided by the bank depending on the number of working days. The due date will be mentioned in your the monthly statement.
How to Get a Replacement Card
Call the bank’s hotline number
If you need to replace your card, you must contact the bank. The bank may, at its discretion, issue a replacement card in case of loss/illegal use/expiry/damage to your card.
How to Temporarily Increase the Limit of the Card
Call the bank’s hotline number
Get in touch with the customer service representative of the bank to request a temporary increase of your credit limit.