(Updated 30 January 2018) Understand the different OCBC Credit Cards. Get to know the various benefits and promos. So you know which one deserves a slot in your wallet.
Here are the helpful details on OCBC credit cards you should consider.
With exciting benefits, be sure that you do not pay unnecessary fees. Most of us get a credit card to save up on everyday needs.
Here are the fees OCBC charges their cardholders.
If you fail to pay your credit card bills on time, there is a charge of 25.92% per annum. The minimum amount is $2.50 per month. The interest rate is charged based on the outstanding balance and not the amount of the purchased item.
The interest rate is from the day you acquired the cash advance and not on the day after the bill’s due date.
The fee costs you 28.92% per annum or a minimum charge of S$2.50.
For accounts that did not exceed the credit limit, it will charge $50 or 3% of the Total Balance.
For accounts with outstanding due exceeding the credit limit, 3% of the Total Balance plus the amount in excess is charged.
If you cannot pay even the required minimum amount, you will pay $80.
But if your card is NTUC Plus! Visa Credit Card, you will only be charged $60.
It charges $15 or 6% of the amount you withdrew. This fee is not part of the interest rate charged on the cash advance. That’s why you must only use this feature in an emergency. A cash advance could be your financial downfall.
When you make a Foreign Currency Transaction, the amount is converted first to USD and then converted to SGD based on your card’s association (Visa/MasterCard). The respective card associations charge 1% of the foreign transaction amount. Also, the bank will charge an additional administrative fee (1.8%).
Report your stolen or lost card as soon as possible, especially if it happens abroad. You will be liable up to the amount of S$100. Also, it is crucial to secure a police report.
The replacement fee is waived up to the 2nd replacement. But the 3rd one is charged with S$30.
If the card is lost or stolen, you will pay $10 to $20. If the card is faulty, the fee applies to change the design.
You will be charged with either S$50 or S$0.25.
Earn 2.3 Voyage miles with every $1 you spend on foreign currency and local dining. Likewise, every dollar spent on another local spend will give you 1 voyage mile.
The miles you accumulate will never expire. Also, you can redeem it for the flights of your family and friends. You can use your miles from flights to any airline at any time of the year.
If you want to convert your Voyage miles into Krisflyer miles, you have to wait for some time and pay a conversion fee.
If you are looking for rebates, you may consider OCBC 365 Credit Card. You will get a 6% rebate on weekend dining and 3% on weekdays.
In addition, online shoppers can enjoy a 3% rebate on online spending.
Petrolheads can get up to 23.9% fuel savings when refilling on selected petrol stations. In every other spending, you can still get 0.3% cashback.
With OCBC Cashflo Credit Card, your payments automatically convert into monthly instalments without any interest. Also, you still earn at least a 0.5% cash rebate.
For example, let’s say your payment is below $1,000. Then the amount will be split into three months. On the other hand, if you charge more than $1,000, they will split the payment into 6 months.
FRANK Credit Card is known for its hip designs to fit cardholders’ preferences. As it compliments your style, you can also get 6% rebates on online shopping spending with an additional 2% if you shop in eligible purchases on Apple Online Stores.
As for the entertainment facilities, including cinemas, bars, KTVs, clubs and cafes, you can still get up to 5% rebates if you spend at least $400. If you don’t reach the minimum spend, you can still receive 0.3% rebates. However, remember that rebates have a cap at $60 months.
This card is specially created for Singaporeans, Permanent Residents and expats who want to avail themselves of the Great Eastern products.
If you pay over 12 months for selected Great Eastern Life and Overseas Assurance Corporation insurance plan, you can get 1% cashback.
Every spending with OCBC Titanium Rewards Card online or offline (either locally or overseas) gives you 10x OCBC$. The points-earning system is also applicable if you pay through Android Pay or Apple pay.
Also, it comes with Online Price Guarantee. Get a 50% reimbursement if you find the same item with a lower price on any other website.
Get exclusive shopping privileges every time you use this card on 17 retail brands. Also, get 5% rebates and earn 1 Robs$ with every $2 spend. Plus, you can get 3 Robs$ for every $2 spent overseas.
In addition, enjoy the perks such as free parking, members-only sales and events, and updates on the latest promotions.
Save up on your everyday expenses. Get 7% rebates when you shop in Warehouse Club and FairPrice stores. Also, you can get 3% rebates ate Popular and a 3% discount on every item in Unity.
Aside from rebates, you can get 0.22% LinkPoints in all of your Visa spending.
Get up to 12% rebates when you spend at least $400 at FairPrice stores and Warehouse Club.
In addition, save up to 18.5% when you refuel at Esso petrol stations. You can even get a 3% rebate on items at Unity and Popular.
If you spend much on your entertainment, this may be your ideal girl. You can get up to 20% off on cinema tickets and 3X OCBC$ for SISTIC purchases.
Also, you are a priority to bookings, ticket discounts and invitations to exclusive events.
With every $1 you charge, you will get 1 OCBC$. Take your family and loved ones along with your weekend escapades as you receive travel deals from Roomorama, dining deals at Marina Mandarin Singapore and admission tickets to Gardens by the Bay. Relax as you receive the complimentary Yoga sessions.
The card brings privileges such as free delivery of your bulky items for a minimum spend of S$200 in a single receipt. It is only for items that do not fit in your car boot.
In addition, you can acquire 8% rewards for in-store spending, 12% BEST Rewards or a 3% cash rebate on purchases in BEST Denki and S$80 BEST Vouchers.
OCBC credit cards have a couple of fees you have to watch out for. Also, you still have to pay the annual fees even if you don’t use the card.
If you want to make an essential purchase with cash, get a personal loan instead. This way, you will just be charged with an interest rate and a processing fee (if any). Get quick cash loans with competitive interest rates at Cash Mart today.