Compare the Best OCBC Credit Cards in Singapore 2018

Updated October 2018

Looking for the best OCBC credit card in Singapore? Compare and find your ideal card with MoneySmart’s easy-to-use credit card comparison tool.

Popular OCBC Credit Cards

OCBC 365 Credit Card
OCBC 365 Credit Card

6%

Cashback on Everyday Dining (Including Local, Overseas and Online Food Delivery)

S$80

Cashback Cap per month

S$800

Min. Spend per month

Key Features

  • 6% cashback on everyday dining (including local, overseas and online food delivery)
  • 3% cashback on grocery, land transport, online travel, recurring telco and electricity bills
  • 0.3% cashback on everything else
  • Up to S$200,000 of complimentary travel personal accident insurance
  • 2 years fee waiver for principal card (S$192.60), subsequent years waived with min. spend of S$10,000 p.a.

Annual Interest Rate and Fees

Annual Interest Rate26.88%
Principle Annual Fee$193
Supplementary Annual FeeS$96.30
Fee WaiverAvailable
Minimum Monthly Repayment3% or S$50, whichever is higher
Interest Free Period23 days

Minimum Income Requirements

Singaporean$30,000
Foreigner$45,000

Other

Card AssociationVisa
Wireless PaymentVisa payWave, Apple Pay, Samsung Pay, Google Pay
OCBC Frank Card
OCBC Frank Card

6%

Cash Back on Online Spend and Mobile Payments

S$60

Cash Back Cap per month

S$300

Min. Spend per month on Offline Purchases

Key Features

  • 6% rebate on online shopping
  • 6% rebate on mobile payments, promo valid till 31 Dec 2018
  • Up to 5% rebate for entertainment
  • 0.3% rebate on everything else
  • Lower monthly in-store min spend of S$300, promo valid till 31 Dec 2018
  • 2 years fee waiver, subsequent years waived with min. spend of $10,000 p.a.

Annual Interest Rate and Fees

Annual Interest Rate26.88%
Principle Annual Fee$80
Supplementary Annual Fee$40
Fee WaiverAvailable
Minimum Monthly Repayment3% or S$50, whichever is higher
Interest Free Period23 days

Minimum Income Requirements

Singaporean$30,000
Foreigner$45,000

Other

Card AssociationVisa
Wireless PaymentVisa payWave, NETS FlashPay, Apple Pay, Samsung Pay, Google Pay
OCBC Titanium Rewards Card
OCBC Titanium Rewards Card

S$1 = 10 OCBC$

on Online, Offline, Local and Overseas spend

S$50 Titanium cash

with 18,000 OCBC$

10 OCBC$ = 4 Miles

Rewards to Miles Conversion

Key Features

  • 10x OCBC$ (10 points or 4 Miles) for every S$1 spent on clothes, shoes, bags, department stores, kidswear, electronic gadgets, online, offline, locally and overseas
  • Cathay Cineplexes offers: S$8.50/ S$11 on movie tickets
  • Up to 16% discount at Caltex and Esso stations
  • Complimentary JetQuay Quayside single trip service and discounted trip service
  • Enjoy exclusive access at USD 27 per visit per person to more than 800 lounges regardless of the airline
  • First 2 years fee waiver for principle & supplementary cardmembers

Annual Interest Rate and Fees

Annual Interest Rate26.88%
Principle Annual Fee$193
Supplementary Annual Fee$96.30
Fee WaiverAvailable
Minimum Monthly Repayment3% or S$50, whichever is higher
Interest Free Period23 days

Minimum Income Requirements

Singaporean$30,000
Foreigner$45,000

Other

Card AssociationMasterCard
Wireless PaymentApple Pay, Samsung Pay, Google Pay
NTUC Plus! Visa Credit Card
NTUC Plus! Visa Credit Card

Up to 12%

Cash Back at FairPrice Stores, Unity and Warehouse Club

0.22%

LinkPoints on All Visa Spend outside FairPrice group

S$400

Min. Spend per month

Key Features

  • Up to 12% rebates at FairPrice stores, Unity and Warehouse Club and up to 8% rebate at FairPrice Online with salary credit
  • Up to 20.6% fuel savings at Esso and 18% fuel savings at Caltex
  • Enjoy 3% rebates at Popular and Cheers
  • Earn 0.22% LinkPoints rewards on all Visa spend outside of FairPrice group
  • Annual fee waived (prevailing NTUC membership fee applies)

Annual Interest Rate and Fees

Annual Interest Rate25.92%
Principle Annual FeeN/A
Supplementary Annual FeeComplimentary, up to 3 supplementary cards
Fee WaiverAvailable
Minimum Monthly Repayment3% or S$50, whichever is higher
Interest Free Period23 days

Minimum Income Requirements

Singaporean$30,000
Foreigner$45,000

Other

Card AssociationVisa
Wireless PaymentVisa payWave, Apple Pay, Samsung Pay, Google Pay
OCBC Plus! Visa Credit Card
OCBC Plus! Visa Credit Card

7%

Cash Back at FairPrice Stores, Unity and Warehouse Club

0.22%

LinkPoints on All Visa Spend outside FairPrice group

S$500

Min. Spend per month

Key Features

  • Enjoy 7% rebates at FairPrice Store, Unity and Warehouse Club and 3% rebate at Fairprice Online
  • Up to 20.6% fuel savings at Esso and 18% fuel savings at Caltex
  • Enjoy 3% rebates at Popular and Cheers
  • First year annual fee waived. Second year annual fee waived when you spend at least S$2,500 per annum.

Annual Interest Rate and Fees

Annual Interest Rate25.92%
Principle Annual Fee$107
Supplementary Annual FeeComplimentary, up to 3 supplementary cards
Fee WaiverAvailable
Minimum Monthly Repayment3% or S$50, whichever is higher
Interest Free Period23 days

Minimum Income Requirements

Singaporean$30,000
Foreigner$45,000

Other

Card AssociationVisa
Wireless PaymentVisa payWave, Apple Pay, Samsung Pay, Google Pay
OCBC Cashflo Credit Card
OCBC Cashflo Credit Card

1%

Cash Back with Monthly Instalment Bill of S$1,000 and above

S$100

Cash Back Cap

S$0

Min. Spend per month

Key Features

  • Stretch payments across 3 or 6 months with 0% interest
  • Up to 1% cash rebate on all spend
  • Discounts on movie tickets and F&B at Cathay Cineplexes

Annual Interest Rate and Fees

Annual Interest Rate26.88%
Principle Annual Fee$161
Supplementary Annual Fee$80.25
Fee WaiverAvailable
Minimum Monthly Repayment3% or S$50, whichever is higher
Interest Free Period23 days

Minimum Income Requirements

Singaporean$30,000
Foreigner$45,000

Other

Card AssociationMasterCard
Wireless PaymentApple Pay, Samsung Pay, Google Pay
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The Best Credit Card for You? 3 Steps to Help You Decide

The best credit card for you depends on your lifestyle and regular spending habits. Here are 3 steps to help you decide which credit card is best for you.

Step 1

Find a card that fits your spending habits

Think about your current lifestyle and spending habits. What are the things you spend the most money on? For example, if you’re a real foodie and spend a lot on dining out, then it makes sense to get a card with double rewards points for eating out and useful perks like 1-for-1 deals at restaurants.

Step 2

Plan how to use your credit card benefits

Credit cards come with a whole plethora of benefits for cardholders. You’ll need to narrow things down by focusing on the benefits that you would actually use. Do you want to collect air miles and fund your upcoming travels? Or accumulate points for shopping vouchers? Or would you rather enjoy cash rebates? This is a deeply personal matter, so it’s worth considering how you like to be rewarded.

Step 3

Check the Terms & Conditions

Now that you’ve got a shortlist of credit cards, it’s time to dig deeper into the details of the rewards or air miles programmes. Find out all you can about terms and conditions like expiry dates, exclusions, minimum spend, credit limit, etc. Be sure to ask a bank rep to clarify if you don’t see answers anywhere.

Common Credit Card Fees

Annual fees aren’t the only type of credit card charges you might be paying. Many of these other common fees will impact the benefits you earn, so be mindful of them and actively monitor your spend.

Balance Transfer Fees

Charged when you move a balance from one card to another, usually 2-4% of the amount transferred.

Cash Advance Fees

Some credit cards allow you to withdraw cash from ATMs, using your credit line. Be prepared to fork out up to 6% of the transaction amount, plus 2%+ daily charges on unpaid withdrawn balance.

Foreign Transaction Fees

Charged for transactions processed outside of Singapore, whether while you’re travelling or making an online purchase. This is usually 2.5% to 3% on top of the prevailing foreign exchange rate.

Did you know?

Paying the Minimum Balance Can Be Very Costly

Because credit cards are effectively short-term loans, you are meant to pay off your bills in full every month. If you make only the minimum payment each month, you may accrue huge additional costs on top of your bill due to the credit card’s interest rate (typically 24%+)!

Your Credit Card Behaviour Affects Your Credit Score

If you plan to apply for any kind of credit or loan (such as a housing loan or car loan) in the future, be aware that any “bad behaviour” with your credit card can come back to haunt you in the form of a bad credit score.

More From TheMoneySmart Blog

Check out our blog for more personal finance tips and insights.

Frequently Asked Questions

How do credit cards work?

A credit card is basically a way to borrow money from a bank to make purchases. Unlike a bank loan, a credit card “loans” money in smaller amounts and on a short-term basis, requiring you to pay the bank back monthly (or be subject to unpleasant penalties and interest fees). The biggest payment networks are MasterCard, VISA and American Express, but do note that merchants may not accept all types.

How do I apply for a credit card?

Simply fill out an application online or at a bank branch and submit the required documents such as proof of income. After approval, the bank will inform you about how much you are allowed to borrow and mail you your new credit card. You’ll need to activate the credit card as well as sign on the back.

What’s the difference between debit cards and credit cards?

Unlike credit cards, debit cards do not involve any borrowing. They are linked to your bank account, so purchases made on your debit card are paid for by deducting straight from your funds. You must have sufficient funds on hand to use your debit card. If you have a credit card, you can borrow the money for the time being and pay it back later.

How to prevent credit card fraud?

There’s no sure-fire way to prevent credit card fraud, so unfortunately holding a credit card also means being vigilant about making sure it doesn’t end up in the wrong hands. Make use of credit card alerts, monitor your transactions closely, be wary of phishing scams and don’t make it easy for others to get hold of your credit card information.

What should I do with my credit card statement?

It might not be the most fun thing to read, but it IS super important to understand your credit card statement. So don’t throw it away without checking it. Of course, after reading the statement you will have to pay your bill – typically through online banking, though some people use ATMs, SAMs, AXS machines or go to the bank in person.