OCBC 365 Credit Card

OCBC 365 Credit Card

OCBC 365 Credit Card

OCBC 365 Credit Card

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High Spend on Dining
This card covers many categories, and it's plus point is that it doesn't restrict on specific merchants. It has one of the highest cash back at 6% cashback for fuel in the market. It also has 3% cashback when spending on categories like groceries, transport, pharmacy, streaming and EV charging and 5% cashback on dining.
6%
Cashback on Fuel Spends
5%
Cashback on Everyday Dining
Unlock up to $160 Cashback
with min. spend of $1,600 per month
MoneySmart Exclusive

Get S$150 Cash or 1,960 SmartPoints  for new OCBC Cardmembers only when you apply and charge at least 1 qualifying transaction within 30 days from card application approval.
 
Plus stand to get an additional Sony PlayStation 5 (SLIM) Digital (worth S$669) on top of your baseline gift! T&Cs apply.

Valid until 21 May 2025 - See more details below

Are you eligible?

    • MoneySmart Exclusive Promotion is valid from 15-May-2025 to 21-May-2025

    • Applicable for New-to card holders only

    • Customers need to apply through MoneySmart to be eligible,

    • Charge at least 1 Qualifying Transaction to your card within 30 days of your application being approved

What you need to know

  1. Stand to get a Sony PlayStation 5 (SLIM) Digital (worth S$669) on top of your baseline gift when you apply, spend, submit the claim form and participate in the Marvellous May Campaign! T&Cs apply.

  2. Log into your MoneySmart account and submit your claim within 4 weeks when you receive your Unique Redemption Code from OCBC.

  3. OCBC will send the Unique Redemption Code via SMS when you have met the eligibility criteria

  4. Use 1,960 SmartPoints to fully redeem a product from our Rewards Store. If the product costs more, redeem with your points and top up the rest by purchasing additional SmartPoints. Enjoy flexible redemption and get the rewards you want! 

  5. SmartPoints will be credited into your points wallet, with a validity period of 1 year. You can choose to redeem any reward, or accumulate your points for future redemptions. 

  6. Please note that all rewards (Cash or SmartPoints) will typically be fulfilled 8 - 10 weeks after the submission of Claim Form to MoneySmart.

  7. MoneySmart exclusive gifts and rewards do not stack with external or third party promotions unless otherwise stipulated. Kindly refer to T&Cs for details

T&Cs
FAQ
Claim Form

Quick Facts

Get the maximum value by

Spending minimum of $800 per month on daily essentials like dining, petrol, groceries, and more.

Good for

Families or independent individuals who pay for their own groceries and bills

Categories to maximise this card

Dining, Food Delivery, Groceries, Transport (Grab, Go-Jek, TADA and Comfort), Petrol (Caltax, Esso & Sinopec), EV charging, Streaming services, Recurring Telco & Electricity bills, Watsons purchases

What people use it for

Families, daily spending

Get if

You use your card to pay for daily essentials, transport needs, and streaming services

All Details

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Disclaimer: At MoneySmart.sg, we strive to keep our information accurate and up to date. This information may be different than what you see when you visit a financial institution, service provider or specific product’s site. All financial products and services are presented without warranty. Additionally, this site may be compensated through third party advertisers. However, the results of our comparison tools which are not marked as sponsored are always based on objective analysis first.

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OCBC 365 Credit Card Benefits 2025

As the longest established Singapore bank, OCBC is the second largest financial services group in Singapore, providing wealth management products and services, including consumer banking, business banking, investments, insurance, treasury solutions, cash management, trade finance, and custody/nominee services. Having $560 billion in total assets (as per OCBC Singapore’s 2022 report), OCBC has a selection of credit cards for you to choose from, and the OCBC 365 credit card is one of their best cards for cash back benefits. Let’s find out if this card is suitable for you as we consider the requirements, pros and cons and more.

Find Out More About The OCBC 365 Credit Card In Our Blog Review!

Read Card Review

Pros & Cons Of OCBC 365 Credit Card

Pros

  • 5% cashback on everyday dining (including local, overseas and online food delivery)
  • 6% cashback on fuel spend at all petrol service stations locally and overseas
  • 3% cashback on groceries, land transport, online travel, recurring telco and electricity bills
  • 0.25% cashback on all other transactions
  • Up to 22.92% fuel savings at Caltex, up to 20.2% fuel savings at Esso
  • 2 years annual fee waiver available for principal card and supplementary card
  • Exclusive access to OCBC WowDeals App which provides limited deals and promotions only for OCBC cardholders

Cons

  • Interest rate of 27.78%, which is higher than some cashback credit cards (as per MoneySmart’s Credit Cards comparison tool)
  • Min. spend of $800 per month, with cashback capped at S$80 per month
  • Min. spend of $1600 per month to qualify for $160 cashback per month
  • Cash advance transaction fee
  • Foreign currency transaction fee
  • Overlimit fee

OCBC 365 Credit Card Interest Rates & Fees

Unlike some banks that do not charge any processing fees or initial annual fee, the OCBC 365 Credit Card charges an annual fee, and other fees such as cash advance transaction fee, minimum monthly payment, late payment fee, foreign currency transaction fee, and overlimit fee.

Considering that the OCBC 365 Credit Card charges a reasonable annual fee and offers annual fee waiver for the first two years, this card will only be worth getting if you spend enough to offset the cost of annual fee in the third and subsequent years, and to maximise the key benefits of 5% cashback on everyday dining, 6% cashback on fuel spend, and 3% cashback on groceries and other eligible categories.

Compare OCBC 365 Credit Card vs. Citi Cash Back+ Card vs. SCB Smart Credit Card

At the moment, the OCBC 365 Credit Card offers the lowest interest rate as compared to the Citi Cash Back + Card and SCB Smart Credit Card, unless you qualify for the lowest available interest rate of 23.90% offered by Standard Chartered Smart Credit Card.

In terms of annual fee, you’ll definitely save more with the Standard Chartered Smart Credit Card as compared to the OCBC 365 Credit Card and Citi Cash Back + Card, as you wouldn’t have to pay any annual fees for it.

When it comes to cash back benefits, the OCBC 365 Credit Card takes the cake with the most attractive perks as compared to the Standard Chartered Smart Credit Card and Citi Cash Back + Card, offering the highest cash back returns in terms of 5% cashback on everyday dining (including local, overseas and online food delivery) and 6% cashback on fuel spend at all petrol service stations locally and overseas.

However, the OCBC 365 Credit Card requires a minimum spend of $800 per month, with cashback capped at S$80 per month or a minimum spend of $1600 per month to qualify for $160 cashback per month, unlike the Standard Chartered Smart Credit Card and Citi Cash Back + Card which do not have minimum spend requirements.

Another great thing about the OCBC 365 Credit Card is the savings on fuel Up to 22.92% fuel savings at Caltex, up to 20.2% fuel savings at Esso

OCBC 365 Credit Card

Interest rate: 27.78%

Annual fee:$196.20 (incl. 9% GST) for Year 3 onwards (annual fee waiver available for first two years)

Minimum annual income:

  • $30,000 for Singaporeans and PRs
  • $45,000 for foreigners

    • Cash back benefits:
  • 5% cashback on everyday dining (including local, overseas and online food delivery)
  • 6% cashback on fuel spend at all petrol service stations locally and overseas
  • 3% cashback on groceries, land transport, online travel, recurring telco and electricity bills
  • 0.25% cashback on all other transactions
  • Up to 22.92% fuel savings at Caltex, up to 20.2% fuel savings at Esso
  • Exclusive access to OCBC WowDeals App which provides limited deals and promotions only for OCBC cardholders

    • Citi Cash Back + Card

    Interest rate: 27.90%

    Annual fee:$196.20 (incl. 9% GST) for Year 1 (First year waiver available)

    Minimum annual income:

  • $30,000 for Singaporeans and PRs
  • $42,000 for foreigners

    • Cash back benefits:
  • Minimum of 1.6% cash back on spending on any category Unlimited cash back (no cap on earned cash back)
  • No minimum spend requirement
  • Complimentary access to presale tickets and exclusive experiences to music, sports, arts and cultural events

    • SCB Smart Credit Card

    Interest rate: 23.9% to 29.9%

    Annual fee:None

    Minimum annual income:

  • $30,000 for Singaporeans and PRs
  • $60,000 for foreigners

    • Cash back benefits:
  • 6% cashback on your everyday spend at selected merchants across fast food dining, coffee and toast, digital subscriptions and transportation.
  • No minimum spend requirement

    • OCBC 365 Credit Card Application

    Here are 3 simple steps to apply for the OCBC 365 Credit Card

    Step 1

    Apply via MoneySmart’s credit cards page

    You may begin your application by clicking on our OCBC 365 Credit Card application link. When you choose to apply online or through the OCBC Mobile Banking app and via SingPass MyInfo, OCBC will pull your identity and income data from SingPass (which is already verified), thus cutting short the processing time. The approval-in-principle page will appear within minutes of submitting your MyInfo.

    Step 2

    Provide all documentation required

    You’ll need to provide all the necessary documentation in order for OCBC to approve your credit card application. This list of documents include:

    • NRIC or other identification details
    • Latest computerised payslip
    • Latest 12 months’ CPF Contribution History Statement
    • Latest Income Tax Notice of Assessment (NOA)

    Step 3

    Receive your OCBC 365 Credit Card

    You’ll be able to activate your OCBC 365 Credit Card instantly through the OCBC Mobile Banking app, and enter a One-Time Password (OTP) after keying in your 6-digit Online Banking PIN to secure all your credit card transactions. Thereafter, it’s ready for you to use on any of your purchases and you can track your cash back rewards with your OCBC Mobile Banking app!

    Frequently Asked Questions About OCBC 365 Credit Card

    Are there any fees if I apply for the OCBC 365 Credit Card?

    OCBC charges an initial annual fee of $196.20 (incl. 9% GST, with waiver available for the first two years), and other fees like supplementary card annual fee, late payment fee, minimum monthly payment, foreign currency transaction fee, cash advance transaction fee, overlimit fee.

    Am I eligible for the OCBC 365 Credit Card?

    If you’re a Singapore Citizen, Permanent Resident (PR) or foreigner with a valid Singapore Employment Pass, you’re eligible to apply for the OCBC 365 Credit Card, as long as you’re aged 21 and above, and earn a minimum annual income of $30,000 (for Singaporeans and PRs) or $45,000 (for foreigners).

    If I’m late for my monthly OCBC 365 Credit Card bill payment, how much do I have to pay?

    Late payment charge is S$100 and additional interest will be calculated on a daily basis at the most updated EIR determined by OCBC at the point of your late payment.