Best for FairPrice Rewards and Fuel Savings
OCBC Plus! Visa Credit Card
FairPrice In Store Rebates
FairPrice Online Purchases
Fuel Savings with an Esso Smiles Account
The OCBC Plus Visa Credit Card offers FairPrice shoppers cash rebates and big savings on FairPrice online and in store purchases. But those who shop outside of FairPrice won’t see so many savings – and other credit card options offer slightly more favourable interest rates and lower minimum spend limits. Keep reading to find out whether the OCBC Visa Card is right for you.
OCBC Plus! Visa Credit Card Rewards
Key Features
- Get rebates of up to 7% at FairPrice Unity and Warehouse Club when shopping in store
- Enjoy up to 3% off FairPrice online shopping and online purchases
- Take advantage of fuel savings of up to 20.6% with an Esso Smiles Account
- Get an annual fee waiver for the first year
- Boost your savings by a few extra percent by becoming an NTUC Union member
Groceries
Standard OCBC Plus Visa customers get up to 7% rebates in store at FairPrice and up to 3% with Visa spendings at FairPrice online. NTUC members get up to 12% in store and up to 9% with online purchases.
Petrol
Esso Smiles Account customers can claim back up to 20.3% in fuel savings. OCBC Plus Visa Card holders can also get 18.1% off at Caltex, too. Instant discounts are available with either service provider.
Online Shopping
As we’ve already mentioned, online purchases at FairPrice will earn you an up to 3% rebate at FairPrice if you’re a regular OCBC, customer or rebates of up to 9% on purchases if you’re an NTUC Plus customer.
Shopping
Outside of FairPrice, your OCBC Plus Visa Card will also earn you 3% with in store purchases at Popular and Cheers. This is on top of the rebates you’ll get with purchases at FairPrice Unity and Warehouse stores when using your OCBC credit or debit card.
Pros & Cons
The OCBC Plus Visa Card offers customers some excellent Visa spendings perks – which are supercharged for NTUC Plus Visa Credit customers, who get to enjoy greater percentage rebates. But the Card OCBC Plus Visa does have a handful of downsides, too. Here are the top pros and cons:
OCBC Visa Card Pros
- Up to 3% off FairPrice online purchases for regular customers
- Up to 7% rebate rate on in-person store purchases at FairPrice
- Annual fee waiver can be applied to second year if your minimum spend exceeds $2,500 per annum (p.a.)
- Boosted rebate rates of up to 12% in store and up to 9% online for NTUC Plus Visa Credit customers
OCBC Visa Card Cons
- There’s a minimum spend limit of $500 monthly outside of FairPrice stores
- An annual fee of $107 applies
- Competitor credit card companies charge slightly lower interest rates than OCBC’s 26.88% p.a.
- Late payment fee and cash advance charges also apply
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$107 |
| Fee waiver | Waive for First Year, Second Year Available With $2,500 Minimum Spend p.a. |
| Annual Interest Rate | 26.88% p.a. |
| Late Payment Fee | S$100 |
| Cash Advance Fee | $15 or 6%, whichever is highest |
| Minimum Monthly Spend / Monthly Payment: | $50 or 3%, whichever is highest |
| Foreign Currency Transaction Fee | 3.25% |
Income Documents
- You will need to provide supporting documents as proof of income. In most cases, OCBC will grant you a credit limit for all unsecured facilities capped at four times your monthly income.
- Only NTUC Union Members will qualify for the better benefits offered by the OCBC NTUC Members Card
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.
How Does the OCBC Visa Card Compare with Other Credit Cards in Singapore?
Let’s briefly review how the OCBC Plus Visa Credit Card shapes up against some of the other best credit cards available to Singaporeans right now:
|
Minimum Income |
Interest |
Cash Back |
Minimum Spend |
Rewards |
|
|
OCBC Plus Visa Credit Card |
$30,000 (Singaporean) $45,000 (Foreigner) |
26.88% p.a. |
Cash rebates and discounts at FairPrice Unity and Warehouse stores Fuel savings, bonus Linkpoints and more |
$500 monthly outside of FairPrice (or $400 monthly outside of FairPrice for OCBC NTUC union member customers) |
Up to 7% off in store purchases at FairPrice Up to 3% off FairPrice online purchases Amazing fuel savings of up to 20.3% Save money on Telco bills and other essentials Increased percentages for customers with NTUC membership |
|
DBS Takashimaya Visa / American Express Card |
$30,000 (Singaporean) $45,000 (Foreigner) |
26.80% p.a. |
$30 worth of Takashimaya gift vouchers earned with every 100 Takashimaya bonus points Even greater perks available to Takashimaya Amex card members |
$300 |
Up to 300 Takashimaya bonus points per transaction for DBS Takashimaya Amex card members Redeemable Takashimaya rebates and gift vouchers for all customers |
|
Standard Chartered Unlimited Cashback Credit Card |
$30,000 (Singaporean) $60,000 (Foreigner) |
26.90% p.a. |
Up to 1.5% Unlimited cap |
N/A |
2 year fee waiver Up to 22.61% fuel savings at Caltex |
|
American Express True Cashback Card |
$30,000 (Singaporean) $60,000 (Foreigner) |
26.90% p.a. |
Up to 3.0% Unlimited cap |
N/A |
Additional 1% cashback on foreign currency spend No minimum spend or cap |
|
POSB Everyday Card |
$30,000 (Singaporean) $45,000 (Foreigner) |
26.80% p.a. |
0.3% for all purchases |
N/A |
Use SimplyGo as an MRT card to eliminate auto top up Link to your current account or debit card |
|
DBS Live Fresh Card |
$30,000 (Singaporean) $60,000 (Foreigner) |
26.80% |
Up to 5% available both online and via contactless payments |
$600 min spend per month |
1 year fee waiver 0.3% earned on all other types of spending |
OCBC Plus Visa Credit Card: Our Verdict
If you’re looking for a Visa card or debit card that helps you redeem rewards and save big money on Visa spendings and purchases at FairPrice Unity and Warehouse Club stores, this OCBC Plus card might be the perfect credit or debit card for you.
We love the annual membership fee waiver, impressive rebate at FairPrice rates and supercharged NTUC Plus savings potential of this Card OCBC Plus Visa. However, annual membership fee costs, minimum spend limits and interest rates are more favourable with with other credit and debit card providers on the market – so be sure to compare before you sign up!
Frequently Asked Questions (FAQs) About the OCBC Plus Visa Card
Do all transactions qualify for rebates on NTUC Plus and Plus Visa Cards?
No – not all transactions will qualify. You should always check OCBC’s terms and conditions for the latest debit card rules here in Singapore. Generally speaking, however, you’ll receive percentage discounts on qualifying FairPrice purchases online and in store, while savings outside of FairPrice are fairly limited.
What is the difference between transaction date and posting date?
A “transaction date” refers to the date that you bought or purchased an individual item whereas a “posting date” will usually mean the date that OCBC Bank received any information or notification relating to said transaction.
How do I activate a dormant account?
OCBC will usually require customers to make an in-person deposit or withdrawal at one of their Singapore branches for you to reactivate a savings account, Plus savings account or OCBC checking account.
Final Thoughts
The OCBC Plus Visa Credit Card or debit card offers several great benefits to customers – especially those who are regular spenders at FairPrice stores. That said, when deciding whether this card is right for you, it’s important to keep in mind that:
- Minimum spend limits outside of FairPrice apply. You’ll need to spend at least $500 monthly outside of FairPrice in order to qualify for all the amazing rebates we’ve reviewed.
- Store purchases attract more benefits than online purchases. The discount rates OCBC Bank will offer you on FairPrice products are generally higher on in store transactions than online ones. Also, don’t forget that NTUC FairPrice card holders get even better OCBC rebate rates.
- Annual fee and minimum spend limits might be better elsewhere. Not everything about the OCBC Plus Visa Card will be beneficial for all customers. Always compare what kind of interest rates, minimum spend limits and annual fee costs other providers charge, as you might get a better deal elsewhere – especially if you don’t shop at FairPrice too often.
For more details and in-depth reviews of the best credit cards in Singapore, check out Loan Advisor’s blog page. If you’re looking to compare credit card terms or search for personal loans and other amazing financial products, such as savings account and loans, Loan Advisor is here to help.
Our loan comparison service can help you find and compare the best deals in Singapore just by sharing some basic personal information and outlining your requirements.
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