Best for Frequent Shoppers Who Want High Rewards Rate
OCBC Titanium Rewards Credit Card
Per S$5 Dollar Spend
Sign-up gift
Minimum Spent
Need a rewards credit card for your local and online shopping? The OCBC Titanium Rewards Credit Card offers 50 OCBC$ (or 20 miles) for every S$5 spent on eligible retail and online purchases. On top of that, you can waive the annual fee with a minimum spend of S$10,000 a year.
The OCBC Titanium Rewards Card is best for consumers who spend a great deal on retail and want a high rewards rate.
OCBC Titanium Credit Card Rewards
Key Features
- Earn 50 OCBC$ (worth 20 miles) for every S$5 spent on eligible online and retail purchases
- Earn 5 OCBC$ on all other transactions
- Additional 2% cash rebate when you spend at BEST Denki
- Comes with e-Commerce Protection to safeguard against non-delivery or defective goods
- 16% on-site discount at Caltex and 14% fuel savings at Esso
- Annual fee waived when you spend at least S$10,000 per year
Dining
- Earn 5 OCBC$ on all other transactions
Shopping
- 50 OCBC$ (worth 20 miles) for every S$5 spent on eligible online and retail purchases
- Additional 2% cash rebate for every dollar spent at BEST Denki.
- S$10 Zalora voucher to be redeemed on www.zalora.sg or ZALORA App. Valid within 3 months from the month of purchase/redemption.
Online Shopping
- 50 OCBC$ (worth 20 miles) for every S$5 spent on eligible retail and online purchases
- OCBC Titanium Rewards Card supports selected online stores such as AliExpress, Amazon, Ezbuy, Lazada, Shopbob, Taobao & many more
- E-Commerce Protection coverage up to USD 200 per year with a minimum item of USD50
Petrol
- 16% upfront discount at Caltex stations
- 14% discount at Esso stations
- Up to 22% upfront discount on Techron fuels on your first CaltexGO Payment.
- Get an 18% upfront discount on Techron fuels when you pay with the CaltexGo app.
Pros & Cons
Pros
- High rewards earn rate at 50 OCBC$ (20 miles) per S$5 spent on all retail spending with select merchants
- Annual fee waiver with S$10,000 annual spend
- Enjoy up to 16% on-site discount at Caltex and 14% fuel savings at Esso[R1]
- Additional 2% rebate for every S$1 spent at BEST Denki
Cons
- 1 OCBC$ (0.4) miles per S$1 spent on other purchases
- All OCBC$ earned are calculated based on each block of S$5 charged per transaction.
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 | Waived for the First 2 Years |
| Annual Interest Rate | 26.88% p.a. |
| Late Payment Fee | S$100 |
| Cash Advance Fee | S$15 or 6%, whichever is highest |
| Minimum Monthly Spend / Monthly Payment: | S$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.
How Does It Compare With Other Credit Cards In Singapore?
Credit Card | Rewards | Cashback | Annual Interest | Minimum Spend | Minimum Income Requirement |
OCBC Titanium Rewards Card | S$5- 50 OCBC$ (20 miles) spent on eligible online and retail purchases
S$5= 5 OCBC$ on all other transaction
|
| S$192.60 | S$0 | Singaporean/PR: S$30,000 Foreigner: S$45,000 |
Citi Cash Back Card+ Mastercard |
| 1.6% cashback on eligible spend
Unlimited cashback cap | 26.90% | S$0 | Singaporean/PR: S$30,000 Foreigner: S$42,000 |
American Express True Cashback Card |
| 3.0% cashback welcome offer (minimum spend of S$5,000 in 6 months) | 26.90% | S$0 | Singaporean/PR: S$30,000 Foreigner: S$60,000 |
Citi Cash Back |
| Up to 8% cashback on dining, groceries, and petrol
Up to 20.88% savings from Shell & Esso
Cashback capped at S$80 per category per month | 26.90% | S$800 | Singaporean/PR: S$30,000 Foreigner: S$42,000 |
American Express Singapore Airlines KriFlyer Credit Card | S$1=1.1 Miles on local spend
S$1=2 miles on overseas spend
S$1= 3.1 miles on Grab rides | N/A | 26.90% | S$0 | Singaporean/PR: S$30,000 Foreigner: S$60,000 |
Standard Chartered Unlimited Cashback Credit Card |
| Up to 1.5% cashback on eligible spend
Unlimited cashback cap | 26.90% | S$0 | Singaporean/PR: S$30,000 Foreigner: S$60,000 |
Benefits and Challenges
The OCBC Titanium Rewards Card is one of the most competitive shopping rewards cards in the market. Here are a few more reasons to get the OCBC Titanium Rewards Card:
- Earn 50 OCBC$ (20 miles) per S$5 spent on online and retail shopping: This equates to 10 OCBC$ or 4 miles per S$1 spent which is a considerable earn rate. This reward system also applies to purchases made at select merchants like Amazon, AliExpress, Courts, Daigou, Ezbuy, IKEA, Laxada, Mustafa Centre, Qoo10, Shopee, Taobao.
- E-Commerce Protection: Online purchases are covered with e-Commerce Protection to safeguard against non-delivery and defective goods. It also protects cardholders in case the seller fails to reimburse them.
- Two-year Fee Waiver: The two-year fee waiver isn’t something to scoff at, especially with an annual fee of S$192.60. Additionally, you have the option to waive the subsequent years if you spend a minimum of S$10,000 within a year.
- High Rewards Cap: Rewards are capped at 120,000 OCBC$ (48,000 miles) per year regardless of categories. So you don’t have to keep track of individual category caps. Plus, there’s no monthly spending cap so you can maximize the rewards.
- Petrol Discounts: Aside from the high rewards earn rate, you can also save on fuel with the OCBC Titanium Rewards Card. It offers up to 16% on-site discount with Caltex and 14% with Esso.
On top of these attractive advantages, you can also choose between two versions of the OCBC Titanium Rewards Card – blue or pink. Both cards offer the same features and promotions.
So what are the disadvantages to using the OCBC Titanium Rewards Card?
- You Only Earn 5 OCBC$ On All Other Spend: This amounts to 1 OCBC$ or (0.4 miles) per S$1 spent which is considerably lower than the average 1.2 miles per S$1 rate with other miles credit card.
- Rewards Are Awarded Based on Each Block of S$5: This means if you spend S$4.90 or less in a single transaction, you will not be awarded any OCBC$.
Lastly, to earn bonus rewards points, you need to purchase from eligible OCBC’s Merchant Category Codes (MCC).
Our Verdict
If you frequently shop online or at retail stores listed under their MCC, the OCBC Titanium Rewards card can be an attractive option to earn rewards and miles.
Compared to the American Express Singapore Airlines KrisFlyer Credit Card, you’ll be earning 3 miles more per S$1 spent on eligible online and retail purchases. This is considerably higher than the average miles card. However, to maximize the earn rates, you need to shop with select merchants.
Lastly, the OCBC$ rewards are limited to item-based purchases. If you spend more on dining, entertainment, and travel, you’ll be earning lower-than-average rewards points – just 5 OCBC$ or 0.4 miles per S$1.
FAQ About OCBC Titanium Rewards Card
How Can I Maximize Rewards And Earn 50 OCBC$?
The base OCBC$ earn rate is 5 OCBC$ for every $5 spent on all retail spend.
You can earn a bonus 45 OCBC$ for every S$5 spent on shopping, department store, and online spend with select merchant stores. This means you need to shop from any of the following Merchant Category Codes:
You can also earn Bonus OCBC$ from the following eligible merchants:
| Alibaba | Daigou | Mustafa Centre |
| AliExpress | Ezbuy | Qoo10 |
| Amazon | IKEA | Shopee |
| Courts | Lazada | Taobao |
Is There A Cap To How Much OCBC$ I Can Earn?
There is no cap to how much base OCBC$ you can earn. But the bonus OCBC$ is capped at 120,000 OCBC$ per the card’s anniversary year.
Say, your OCBC Titanium Rewards card anniversary date is January 2021, you can earn a maximum of 120,000 OCBC$ from January 2021 to December 2021.
What If I reached the OCBC$ cap of 120,000 OCBC$? Will I still receive rewards?
Yes. However, all the succeeding transactions made will only earn the base OCBC$ which is 5 OCBC$ per S$5 spent.
When Will My OCBC$ Be Credited To My Credit Card Account?
The 5 OCBC$ will be awarded for every S$5 spent when the transaction is posted. The remaining 45 OCBC$ will be credited by the end of the following month. It is computed based on the relevant transaction posting date.
Here’s an illustration from OCBC Bank:
Conclusion
Key Takeaways:
- The OCBC Titanium Rewards Card is best for online and retail shoppers who want high rewards earn rates.
- Earn 50 OCBC$ (20 miles) per S$5 spent on all eligible online and retail spend. This is broken down to:
- Base OCBC$: 5 OCBC$ for every S$5 spent on all retail spend
- Bonus OCBC$: Bonus 45 OCBC$ for every S$5 spent on shopping, department store, and online spend categories under their OCBC Merchant Category Codes (MCC).
- The OCBC Titanium Rewards Card has low rewards earn rate for dining, entertainment, and travel categories.
The OCBC Titanium Rewards Card is a good option if you enjoy shopping at department stores like TANGs or retail stores like ZARA, H&M, and more. That said, you need to shop with select merchants.
Despite its attractive bonus rewards, make sure that you’ll only spend what you can afford. Credit card rewards are not worth the extra interest you’ll accrue if you can’t pay off your credit card debt.
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