OCBC
Get up to S$160 monthly cashback, up to 29.5% petrol savings, and enjoy higher rewards with every spend. Annual fee waived for two years.
The OCBC 365 Credit Card is one of the most competitive all-around cashback cards in Singapore. Cardholders can unlock up to S$160 cashback each month. Simply hit S$800 minimum spend monthly to maximise returns. With up to 5% cashback on dining, 6% on petrol, 5% on food delivery, 3% on groceries and utilities, there are substantial savings across many lifestyle categories. There is a fuel discount – up to 29.5% at major petrol brands like Caltex, Esso and Sinopec – further boosting value for frequent drivers. Annual fee stands at S$196.20 (waived for first two years), and supplementary cards enjoy a similar waiver. Eligibility requires a minimum annual salary of S$30,000 for Singaporeans/PRs aged 21 to 54, or S$15,000 for those 55 and above. Foreigners need a minimum income of S$45,000 per year.
How to Apply for the OCBC 365 Credit Card
- Ensure you meet the minimum income and age criteria.
- Prepare your NRIC, proof of income, and latest address documents.
- Apply online via OCBC’s website or visit a branch for assistance.
- Submit all required paperwork for processing and approval.
- Once approved, activate your card and start spending to earn cashback.
Pros of the OCBC 365 Credit Card
The card’s generous cashback scheme covers major spending categories – from everyday essentials to fuel and recurring bills. Higher tier spenders are well-rewarded, making it ideal for larger households. Supplementary benefits like fuel vouchers and CNY promotions enhance value, and annual fee waivers add more appeal for new users.
Bundling with the OCBC 360 Account further increases your total returns, as you earn higher interest on your savings when linked.
Cons of the OCBC 365 Credit Card
To enjoy the full cashback, you have to reach the minimum monthly spend of S$800, otherwise you get only 0.25% cashback – which may not suit lighter spenders.
The cashback is capped at S$160 per month and some categories, such as certain entertainment and utility bill payments, are excluded from qualifying spend – requiring careful transaction planning.
Our Verdict
If you are looking for a versatile cashback card that rewards you across multiple categories, the OCBC 365 Credit Card is a solid choice for Singapore consumers. Best for those with monthly spend above S$800, it offers strong value through high rebates, petrol savings and periodic promotions. Factor in the waived annual fee and supplementary rewards for maximum benefit. However, if your monthly spend is low or outside the qualifying categories, your returns may be limited compared to specialised cards.
