The OCBC Voyage Credit Card is a travel credit card that offers voyage miles on your local, overseas and other purchases. With this card, you will earn 2.3 voyage miles per S$1 you spend on dining in Singapore and 1 voyage mile per S$1 you spend on other local expenses and using the tax payment facility. You will earn 2.3 voyage miles per S$1 you spend overseas.
The most unique aspect of the OCBC Voyage Credit Card is that you can redeem your miles on any airline and at any time, i.e. there are no black-out dates for redemption of your voyage miles. Furthermore, your earned miles will never expire.
This credit card offers additional privileges that include personal concierge services when it comes to travel, shopping, planning events and much more. You will also enjoy complimentary travel insurance on this card and complimentary access to more than 70 VIP airport lounges worldwide. This card additionally offers complimentary limousine service and exclusive Visa Infinite benefits.
Apply for the OCBC Voyage Credit Card to enjoy exclusive discounts, deals and perks on Wine & Dine, Travel & Experiences and Retail & Entertainment. You will have the option to choose from numerous welcome gift options.
The OCBC Voyage Credit Card gives you rewards in the form of Voyage Miles. These miles can be redeemed either partially or fully, without a waiting period. The Voyage Miles do not have an expiry date linked to them and can be carried forward as long as you wish. You get:
The Voyage Miles buildup is capped at 230,000 per month, but the miles never expire. You can also change your Voyage Miles to KrisFlyer Miles at an administrative fee of S$25, but you can buy tickets from all participating airlines or book hotels directly with Voyage Miles without conversion. For redemption, you can call the Voyage Exchange Hotline +65 6593 9999.
If your travel expenses, especially the flight tickets, are paid through the Voyage Credit Card, you are eligible for a travel insurance of up to S$1 million. The maximum trip duration allowed for claiming this insurance is 30 days in a row, and the insured person should not be more than 65 years old. The coverage available is as follows:
|Death and permanent disability||S$1,000,000|
|Overseas Medical Expenses Reimbursement||S$500|
There are 2 kinds of instalment plans available with OCBC: The 0% Instalment Payment Plan (IPP) and PayLite. Under the OCBC IPP, instead of paying for a purchase in full on the spot, you can split the payment into multiple instalments spread over a few months. This scheme can be availed at around 1,000 participating outlets island-wide, including automotive businesses, educational institutions, insurance payments, shopping, travel, health clinics, and beauty and wellness centres. For example, if you buy items worth S$1,500 from Brighton Furniture, and apply for an IPP on the bill, it may be split into 6 interest-free instalments of S$250 per month. The bank decides the break-up of the amount and the duration in which the amount will be paid off. If the instalment amount is not paid every month on schedule, the regular interest charges of the credit card will come into force.
With PayLite, you can convert purchases of more than S$500 into a fixed monthly repayment amount for up to 2 years. You can apply for this provision after making the purchase, through online banking or via the PayLite form that needs to be filled and faxed in to the bank, within 7 days of making the transaction. This scheme is available for purchases from any merchant in Singapore and abroad, irrespective of the bank’s partnership with it. The applicable fees and charges on PayLite are as follows:
|PayLite duration||EIR||Processing fee|
Voyage Miles may not be accrued if your payments are converted into any kind of instalment payment plan.
|Annual fee||S$488 OR S$3,210|
|Supplementary card fee||S$188|
|Interest rate (annual)||25.92%|
|Late payment charges||S$80|
|Cash advance fee||6% or minimum S$15, whichever is higher|
|Interest on cash advance (annual)||28.92%|
|Interest-free period||23 days|
For foreign currency transactions, an administrative fee of 2.8% – 1% charged by Visa and 1.8% by OCBC, is applicable, while overseas transactions in Singapore dollar is subject to a fee of 1% of the transaction amount.
There are 2 options when taking a loan from your OCBC credit card: Cash-on-Instalment and OCBC Cash Advance. With Cash-on-Instalment, you can transfer funds from your OCBC Voyage Credit Card to your or your friends and families’ bank accounts. The minimum borrowing amount needs to be S$1,000, and the maximum amount you can take, including the processing fee and interest rate, should not be more than 90% of your available credit limit. The repayment can be done in instalments for durations of 1 to 5 years. You can apply for this facility either by submitting an application form online through the OCBC website, or through SMS by sending a CW to 72222. The bank will call you within 3 working days to proceed with your loan application. The fees and charges applicable are as given in the table below:
|Period of Cash-on-Instalments||Processing Fee||EIR|
Under cash advance scheme, you can borrow money at a moment’s notice using your credit card. The maximum amount you can borrow is 70% of the credit limit if your card was approved after August 22, 2012, and 100% of your available credit limit if your card was approved before August 22, 2012. The applicable interest rate is 28.92% and a cash advance fee of 6%, or S$15, whichever is higher will also be charged. The withdrawal can be done in 3 ways:
There are 2 ways to apply for the OCBC Voyage Credit Card:
You have to make a minimum payment every month of 3% of outstanding credit card balance, or S$50, whichever is higher. If there are any overdue amounts, you should pay off those too along with the current bill, or face penal interest rates. The credit card bills can be paid in the following ways:
OCBC offers 2 card protection schemes at a small premium payment along with your Voyage credit card:
The moment you realise that your credit card is not on your person – either because it is stolen, lost or misplaced, the best practice is to report it to the bank immediately through OCBC credit card hotline number. This will ensure that the card gets blocked and no one can make any purchases using it any more. As long as you do this, your liability towards lost or stolen cards is only up to S$100. However, if you fail to do this, and fraudulent purchases are made on your credit card before you report the case, your liability is dependent on the bank’s discretion. If you can prove that you were in no way party to the fraudulent activity, and that your negligence is not a reason for either the loss or the late reporting of the lost card, then the bank may consider waiving your liability on the purchases made by another party. If you suspect that the card has been stolen, you should also file a police complaint and inform the bank about the actions taken by you.
To apply for this card, one needs to be 21 years or older. On the income front, you must show a salary of S$120,000 or above.
The annual fee would stand at S$488 p.a. if you opt for 15,000 complimentary VOYAGE Miles. On the other hand, you have to pay S$3,210 if you 150,000 Miles, and S$10,000 if you opt for 500,000 Miles.
You’re promised travel insurance coverage of up to S$1.5 million, when you buy your air tickets using the OCBC Voyage Credit Card.
You can redeem these unique currency miles for flights on any airlines, and anytime. There is no fear of black-out dates. The VOYAGE Miles never expire. These miles can be even redeemed for cash or retail vouchers on luxury branded goods.
Card members can earn 2.3 VOYAGE Miles for every S$1 spent on local dining. They are also promises 1 VOYAGE Miles for every S$1 spent on local spend and tax payment facility. For overseas use, users can earn 2.3 VOYAGE Miles, every time they spend S$1 in foreign currency.
OCBC has waived off the admin fee of S$25 charged on conversion of VOYAGE Miles to KrisFlyer Miles. With this travel card from OCBC, one VOYAGE Mile can be converted into one KrisFlyer Mile, which can be redeemed for flight tickets.
08th January 2018