OCBC 365 Credit Card

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Best for Average Spenders Looking to Maximize Rebates on Daily Spend

OCBC 365 Credit Card

5% Cashback

On Dining & Food Delivery

Receive 6x S$6 vouchers

at Caltex and Esso

S$800 Cashback

Mininum Spend

The OCBC 365 Credit Card is designed for individuals looking to maximize their cashback on everyday spending, particularly dining and groceries. Cardholders can earn up to 6% cashback on dining and 3% on groceries with a minimum spend of S$800 per month. This makes it an excellent choice for those who want to save on their daily expenses.

Highlights of the OCBC 365 Credit Card

Key Features

Earn up to 6% cashback on dining and food delivery, 3% on groceries, and 3% on recurring telco and electricity bills
Enjoy up to 22.1% savings at Caltex and up to 20.2% at Esso
3% cashback on recurring telco, electricity, and insurance bills
3% cashback on all online and overseas spend
Annual Fee of S$192.60, waived for the first year

Bill Payment

3% cashback on recurring bills from StarHub, Singtel, M1, MyRepublic, CirclesLife
3% cashback on recurring electricity bills from Sembcorp Power, Senoko Energy and Keppel Electric
Rebates are capped at S$800 per month

Petrol/Fuel

6% cashback on fuel spend at all petrol service stations
Up to 23% off fuel at Caltex, Esso, and Sinopec

Dining

5% cashback on local and overseas dining
5% cashback on online food delivery at Deliveroo, foodpanda, and GrabFood

Groceries

3% cashback on local and overseas groceries

Daily Spend

3% cashback on Watsons, streaming and EV charging

Pros & Cons

Pros

Attractive 6% cashback on dining and 3% on groceries, transport, recurring bills, and more
Up to 22.1% savings at Caltex and up to 20.2% at Esso
Cashback on a wide range of everyday expenses
Annual fee waiver with S$10,000 annual spend

Cons

S$800 minimum spend per month to qualify for cashback
Monthly cap on cashback earnings might limit rewards for high spenders

How to Apply

Age Requirement

21 years old and above

Minimum Annual Income

Singapore and Permanent Residents
S$30,000

Foreigners
S$45,000

Fees and Charges

Annual Fee	S$192.60
Fee waiver	Waive for First 2 Years
Annual Interest Rate	27.78% p.a.
Late Payment Fee	S$100
Cash Advance Fee	$15 or 8%, whichever is highest
Minimum Monthly Spend / Monthly Payment:	$50 or 3%, whichever is highest
Foreign Currency Transaction Fee	3.25%

Income Documents

Singaporeans / Permanent Residents with SingPass credentials can use Myinfo to apply
For instant approval, log in to Myinfo using Singpass
Foreigners or Singaporeans/PRs with no access to Singpass will need to fill up an online application form

Disclaimer: This information may differ from what you see when you visit other financial service websites or the product’s official site, but Loan Advisor continues to keep every detail updated and accurate. This site may be compensated through third-party advertisers. However, the results of our comparison tools which are not marked as sponsored will always be based on objective analysis.

Our Verdict

Several credit cards offer great benefits for daily expenses, such as the Citibank Cash Back Credit Card. However, the OCBC 365 Credit Card stands out due to its broader coverage of cashback categories. It provides high cashback rates on dining and groceries, along with cashback on utilities, land transport, and online travel. This versatility makes it an excellent option for maximizing rewards across various everyday expenses.

We believe the OCBC 365 Credit Card suits various lifestyles, allowing you to enjoy significant rebates in multiple categories.

Keep in mind the minimum spend requirement to unlock full cashback benefits. Additionally, reaching a specific annual spend can waive the annual fees, adding more value to this card.

Key Takeaways:

High Cashback Rates: Up to 6% on dining and 3% on groceries, utilities, and more.
Broad Coverage: Cashback on a wide range of everyday spending categories.
Annual Fee Waiver: Spend S$10,000 annually to waive the annual fee.
Versatile Rewards: Suitable for various lifestyles and spending habits.
Minimum Spend Requirement: S$800 per month to unlock full cashback benefits.

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