Thursday, June 5, 2014

OCBC 365 Credit Card

OCBC has launched a new credit card, named OCBC 365 credit card. It is a rebate card that aims to capture the "everyday spending" market by giving different rebate tiers to different spending categories. Below is a summary of the different spending tiers and their cash back rebates.


Cash back categories
  • 6% for weekend local dining
  • 3% for weekday local dining and overseas dining
  • 3% for online shopping
  • up to 18.3% for Caltex petrol
  • 5% for all other petrol
  • 3% for supermarket
  • 3% for recurring telcos bill
  • 0.3% for all other spending
As seen from the list, it is aiming the spending for daily essentials by providing more cash back for activities such as dining, petrol, groceries and bills. In a way, it seems to be competing for the same market segment as the POSB Everyday Card.


There are some conditions on the cashback though,
  1. Minimum monthly spending of $600 for the card
  2. Cash rebate is capped at $80 per month.
Those who are interested can find out more from the link below
http://www.ocbc.com.sg/personal-banking/cards/365card.html

1 comment: