If you’re looking for a credit or debit card in Singapore, OCBC Bank offers a range of options that cater to various spending needs. With so many choices available, it can be challenging to determine which card is best for you. That’s why we’ve put together this guide to help you compare OCBC credit and debit cards in Singapore.
In this article, we’ll provide an overview of OCBC credit and debit cards, comparing their features and exclusive perks. We’ll also explain the fees and charges associated with each card, as well as the eligibility criteria and application process. Additionally, we’ll provide tips on how to maximise your card benefits and explore the digital banking options available with OCBC. Finally, we’ll provide a comparative analysis of OCBC cards with competitors and answer some frequently asked questions.
Key Takeaways
- OCBC Bank offers a range of credit and debit cards that cater to various spending needs in Singapore.
- By comparing the features and exclusive perks of each card, you can determine which card is best for you.
- Understanding the fees and charges, eligibility criteria, and application process can help you maximise your card benefits and take advantage of digital banking options.
Overview of OCBC Credit and Debit Cards
If you’re looking for a credit or debit card in Singapore, OCBC has a range of options to choose from. OCBC Credit Cards offer various benefits such as cashback, rewards, and discounts on dining, entertainment, and travel. On the other hand, OCBC Debit Cards provide easy access to your funds and can be used for online and offline transactions.
OCBC Credit Cards
OCBC Credit Cards come with a range of benefits that cater to different lifestyles and spending habits. For instance, the OCBC 365 Credit Card offers cashback on everyday expenses such as dining, groceries, and transport. If you’re a frequent traveler, the OCBC Titanium Rewards Credit Card offers rewards points that can be redeemed for flights, hotels, and more.
In addition, the OCBC FRANK Credit Card is perfect for those who love to shop online and offline. It offers cashback on online purchases and at selected merchants such as Starbucks, Zalora, and more. Meanwhile, the OCBC Cashflo Credit Card allows you to split your payments over three or six months at 0% interest.
OCBC Debit Cards
OCBC Debit Cards are ideal for those who prefer to spend within their means and avoid debt. The OCBC Plus! Visa Debit Card offers rebates and discounts at selected merchants such as FairPrice, Popular, and more. Moreover, the OCBC 365 Debit Card offers cashback on dining, groceries, and transport.
If you’re looking for a debit card that offers more flexibility, the OCBC Frank Debit Card allows you to customize your card design and offers rebates on online and offline purchases. Meanwhile, the OCBC Yes! Debit Card offers cashback on contactless payments and online purchases.
Overall, OCBC Credit and Debit Cards offer a range of benefits that cater to different lifestyles and spending habits. Whether you prefer cashback, rewards, or discounts, there’s a card that suits your needs.
Comparing Card Features
When it comes to choosing a credit or debit card, there are a lot of factors to consider. In this section, we’ll take a closer look at the features of OCBC credit and debit cards, so you can make an informed decision.
Payment Flexibility
One of the most important features to consider when choosing a credit or debit card is payment flexibility. With OCBC cards, you have the option to pay your bills in full or in instalments. This means you can choose to pay off your balance over a period of time, rather than all at once. This can be particularly helpful if you have a large purchase to make or if you need to make a payment but don’t have the funds available right away.
Cashback and Rewards
Another important feature to consider is cashback and rewards. OCBC offers a range of credit and debit cards that come with different cashback and rewards programmes. For example, the OCBC 365 Credit Card offers cashback on dining, groceries, and petrol, while the OCBC Titanium Rewards Credit Card offers rewards points for every dollar spent, which can be redeemed for a variety of items, including travel vouchers and electronics.
Travel Benefits
If you’re a frequent traveller, you’ll want to consider the travel benefits offered by OCBC credit and debit cards. Many of their cards offer perks such as travel insurance, airport lounge access, and discounts on travel bookings. For example, the OCBC Voyage Credit Card offers a range of travel benefits, including access to over 1,000 airport lounges worldwide and a complimentary limousine transfer service.
When comparing OCBC credit and debit cards, it’s important to consider your own spending habits and needs. Whether you’re looking for cashback, rewards, or travel benefits, there’s an OCBC card that’s right for you.
Exclusive Perks of OCBC Cards
When it comes to using an OCBC credit or debit card, you can enjoy a wide range of exclusive perks and benefits that cater to your lifestyle needs. Here are some of the perks that you can enjoy:
Shopping and Dining
If you are a shopaholic or a foodie, then you will love the exclusive shopping and dining perks that come with OCBC cards. You can enjoy discounts and rebates at selected merchants and restaurants in Singapore. For instance, with the OCBC 365 credit card, you can enjoy up to 6% cashback on dining and online food delivery, 3% cashback on groceries, and 5% cashback on petrol.
Travel and Overseas Spend
If you love to travel, then you can enjoy exclusive travel perks with OCBC cards. You can earn air miles, redeem rewards, and enjoy discounts on hotels and flights. For instance, with the OCBC VOYAGE credit card, you can earn 1.2 air miles for every S$1 spent overseas, and 1 air mile for every S$1 spent locally. You can also enjoy exclusive access to airport lounges and travel insurance coverage.
Health and Wellness
If you are health-conscious, then you can enjoy exclusive health and wellness perks with OCBC cards. You can enjoy discounts on gym memberships, health screenings, and spa treatments. For instance, with the OCBC HealthPass credit card, you can enjoy up to 3% cashback on health and wellness spend, and up to 23% off on health screening packages.
Overall, OCBC cards offer a wide range of exclusive perks and benefits that cater to your lifestyle needs. Whether you are looking for shopping and dining perks, travel and overseas spend perks, or health and wellness perks, you can find a card that suits your needs. So, why not apply for an OCBC card today and start enjoying the perks and benefits that come with it?
Understanding Fees and Charges
When choosing a credit or debit card, it is important to understand the fees and charges that come with it. OCBC offers a range of credit and debit cards, each with its own set of fees and charges. Here’s what you need to know:
Annual Fees and Waivers
Most OCBC credit and debit cards come with an annual fee, which can range from S$192.60 to S$535.00. However, some cards offer fee waivers for the first year or for subsequent years if you meet certain spending requirements.
For example, the OCBC 365 Credit Card has an annual fee of S$192.60, but it is waived for the first two years. After that, you can continue to enjoy the fee waiver if you spend at least S$10,000 per year on the card. Similarly, the OCBC FRANK Credit Card has an annual fee of S$80.00, but it is waived if you spend at least S$10,000 per year on the card.
Interest Rates and Charges
If you carry a balance on your credit card, you will be charged interest on that balance. The interest rate can vary depending on the card you have and your creditworthiness. For example, the OCBC Cashflo Credit Card has an interest rate of 25.92% per annum, while the OCBC 365 Credit Card has an interest rate of 26.88% per annum.
In addition to interest charges, you may also be charged fees for late payments, cash advances, and foreign currency transactions. For example, the late payment fee for most OCBC credit cards is S$100.00, while the cash advance fee is 6% of the amount withdrawn or S$15.00, whichever is higher.
Monthly Bill
When you receive your monthly bill, it is important to review it carefully to ensure that you understand all the charges and fees. If you have any questions about your bill or the fees and charges associated with your card, you can contact OCBC customer service for assistance.
In conclusion, by understanding the fees and charges associated with your OCBC credit or debit card, you can make informed decisions about which card is right for you. Be sure to read the terms and conditions carefully and review your monthly bill to ensure that you are not being charged any unnecessary fees.
Eligibility and Application Process
Eligibility Criteria
To apply for an OCBC credit or debit card in Singapore, you need to meet certain eligibility criteria. Firstly, you must be a Singaporean or Singapore Permanent Resident (PR) with a minimum annual income of S$30,000. If you are a foreigner, you must have a minimum annual income of S$45,000 to be eligible.
Additionally, you must be at least 21 years old to apply for a credit card and 16 years old for a debit card. You must also have a good credit score and no history of defaulting on any credit card or loan payments.
Application Steps
If you meet the eligibility criteria, you can apply for an OCBC credit or debit card in Singapore. Here are the steps to follow:
- Choose the card that best suits your needs from the OCBC website or compare different OCBC credit and debit cards from third-party websites like Singsaver and MoneySmart.sg.
- Click on the “Apply Now” button on the OCBC website or on the third-party website where you found the card.
- Fill in the online application form with your personal and financial details. Make sure you provide accurate information to avoid any delays in the approval process.
- Upload the required documents, including your NRIC or passport, proof of income, and proof of address.
- Review and submit your application. You will receive an instant approval decision if you apply with MyInfo or within 3-5 working days if you submit your application manually.
- Once your application is approved, you will receive your credit or debit card within 7-10 working days. Activate your card by following the instructions provided with the card.
In conclusion, applying for an OCBC credit or debit card in Singapore is a straightforward process. Make sure you meet the eligibility criteria and provide accurate information to increase your chances of approval.
Maximising Card Benefits
When using your OCBC credit or debit card, there are several ways to maximise the benefits that come with it. Here are some tips to help you get the most out of your card:
Strategic Spending
To make the most of your card benefits, it’s important to strategically plan your spending. Look for categories where you can earn the highest cash rebates or rewards points. For example, if you frequently dine out, consider using a card that offers a high cash rebate for dining. On the other hand, if you travel frequently, look for a card that offers air miles for your spending.
It’s also important to keep track of your spending and ensure that you meet the minimum spend requirements to qualify for the bonuses and vouchers offered by your card. This will help you earn more rewards and benefits over time.
Utilising Promotions
OCBC frequently offers promotions that can help you earn more rewards and benefits. Keep an eye out for these promotions and take advantage of them when they are available. For example, you may be able to earn bonus rewards points or cash rebates for spending a certain amount within a specific time frame.
You can also utilise the OCBC$ reward programme to earn points that can be redeemed for a variety of rewards, such as vouchers, merchandise, and air miles. Be sure to check the OCBC$ rewards catalogue to see what rewards are available and how many points you need to redeem them.
By strategically planning your spending and taking advantage of promotions and rewards programmes, you can maximise the benefits of your OCBC credit or debit card.
Digital Banking with OCBC
Are you looking for a bank that offers convenient and secure digital banking services? Look no further than OCBC! With OCBC’s digital banking services, you can easily manage your finances from the comfort of your own home or on-the-go.
Online Banking
OCBC’s online banking platform allows you to access your accounts, pay bills, transfer funds, and more. You can even view your transaction history and account balances at any time. Plus, OCBC’s online banking is secure and protected by advanced encryption technology, giving you peace of mind when managing your finances online.
Mobile Payments
In addition to online banking, OCBC also offers mobile payments. With OCBC Pay Anyone, you can make online and contactless mobile transactions with ease. Simply link your debit or credit card to the app and you’re ready to go. Plus, OCBC Pay Anyone offers enhanced security features such as fingerprint authentication and one-time passwords.
Whether you’re shopping online or making a payment in-store, OCBC’s digital banking services have got you covered. With their user-friendly platforms and top-notch security, you can manage your finances with ease and confidence.
Comparative Analysis with Competitors
When it comes to credit and debit cards in Singapore, there are a few major players in the market. In this section, we will compare OCBC with two of its biggest competitors: DBS and UOB.
OCBC vs DBS
OCBC and DBS are two of the largest banks in Singapore, and they both offer a wide range of credit and debit cards to their customers. One of the biggest differences between the two is the rewards programs that they offer.
OCBC has a number of rewards cards that offer cashback and other perks, such as the OCBC 365 Credit Card and the OCBC Frank Credit Card. These cards are great for people who want to earn rewards on their everyday spending.
DBS, on the other hand, has a number of cards that are geared towards travel and dining. The DBS Altitude Card, for example, offers miles on all spending, while the DBS Live Fresh Card offers cashback on dining and entertainment.
When it comes to fees and charges, both banks are fairly similar. They both charge annual fees for their cards, although some cards may have the fee waived for the first year. They also both charge fees for late payments and cash advances.
OCBC vs UOB
OCBC and UOB are two more of the biggest banks in Singapore, and they also offer a wide range of credit and debit cards. One of the biggest differences between the two is the types of rewards that they offer.
OCBC has a number of rewards cards that offer cashback and other perks, such as the OCBC 365 Credit Card and the OCBC Frank Credit Card. These cards are great for people who want to earn rewards on their everyday spending.
UOB, on the other hand, has a number of cards that are geared towards travel and dining. The UOB PRVI Miles Card, for example, offers miles on all spending, while the UOB YOLO Card offers cashback on dining and entertainment.
When it comes to fees and charges, both banks are fairly similar. They both charge annual fees for their cards, although some cards may have the fee waived for the first year. They also both charge fees for late payments and cash advances.
Overall, both OCBC and UOB offer a wide range of credit and debit cards with different rewards programs and fees. It’s important to compare the different options to find the card that best suits your needs.
Frequently Asked Questions
What are the top perks of using an OCBC 365 Credit Card?
The OCBC 365 Credit Card is a great option for people who love to dine out and shop. With this card, you can enjoy cashback on dining, groceries, petrol, and online shopping. You also get discounts on dining and petrol, and you can earn rewards points that can be used to redeem vouchers, miles or cashback.
How does the OCBC 360 Debit Card enhance your banking experience?
With the OCBC 360 Debit Card, you can enjoy exclusive discounts and promotions at various merchants. You can also earn bonus interest on your savings account, and enjoy cash rebates on your bills and online shopping. The card also comes with a complimentary insurance plan that covers you for accidental death and total permanent disability.
Can expats apply for OCBC credit cards, and what are the requirements?
Yes, expats can apply for OCBC credit cards. The requirements include a minimum annual income of SGD 45,000 for foreigners, and SGD 30,000 for Singaporeans and Permanent Residents. You will also need to provide proof of income, such as your employment pass or work permit, and a copy of your passport.
What are the latest benefits of the best OCBC Debit Cards available?
The latest benefits of the best OCBC Debit Cards include cash rebates on your daily expenses, exclusive discounts and promotions at various merchants, and bonus interest on your savings account. You can also enjoy complimentary insurance coverage, and use your card to make contactless payments with ease.
Has the NTUC OCBC card been phased out, and what are the alternatives?
Yes, the NTUC OCBC card has been phased out. However, there are many other great credit cards offered by OCBC that you can choose from. Some of the top options include the OCBC 365 Credit Card, the OCBC Titanium Rewards Credit Card, and the OCBC Frank Credit Card.
What charges should you anticipate for replacing an OCBC ATM card?
If you need to replace your OCBC ATM card, you can expect to pay a fee of SGD 5. However, if your card is lost or stolen, you can report it immediately to OCBC and have it replaced for free.
