OCBC 365 Card: For Everyday Use

OCBC 365 Card: For Everyday Use

Everyday Cashback on Essentials

Good for

  • People with broad spending habits seeking daily rebates
  • Consumers who spend about S$2,000/month
  • Individuals looking to avoid paying a card fee

Bad for

  • Consumers with specialised spend (dining, shopping)
  • Frequent travellers seeking miles & travel perks
  • People who can’t reliably spend at least S$800/month

Editor's Rating

4.5/5.0

OCBC 365 Card is one of the best options on the market to maximise rebates on daily spend without having to pay an annual fee. Cardholders earn up to 6% on dining & online food delivery, 3% on groceries, transport, recurring bills & online travel bookings, and up to 23% in fuel savings–great rates if you're looking to earn on essentials. Cardholders can also earn up to S$80/month–equal to S$960/year–and earn a fee-waiver after just S$10,000 annual spend. Ultimately, OCBC 365 Card is an excellent option if you're looking for no-fee rewards on your daily purchases.

ProsCons
  • 6% rebate on dining, 3% on groceries, transport, recurring bills, online travel
  • Fee waiver with S$10,000 annual spend
  • Up to 23% fuel savings at Caltex, 20.4% at Esso
  • 0.3% rebate on general spend
  • 0.3% rebate on EZ-Link & Transitlink is capped at S$0.6/month
  • High S$800 minimum spend requirement
Promotions:
  • Earn S$88 cashback with card approval + S$80 cash credit with S$800 spend in 1st month
  • Up to 8% off bookings with Agoda
Card Overview
Pros:
  • 6% rebate on dining, 3% on groceries, transport, recurring bills, online travel
  • Fee waiver with S$10,000 annual spend
  • Up to 23% fuel savings at Caltex, 20.4% at Esso
  • Promotions: Earn S$88 cashback with card approval + S$80 cash credit with S$800 spend in 1st month
  • Up to 8% off bookings with Agoda
Cons:
  • 0.3% rebate on general spend
  • 0.3% rebate on EZ-Link & Transitlink is capped at S$0.6/month
  • High S$800 minimum spend requirement

What Makes OCBC 365 Card Stand Out

OCBC 365 Card is one of the best everyday cashback cards on the market for average consumers spending about S$2,000/month. Cardholders earn 6% cash rebate on dining and online food delivery, 3% on groceries, land transport, online travel bookings, and recurring telco and electricity bills, and 5% on petrol (up to 23% at Caltex). Consumers can access these rates after S$800 minimum spend, and can earn up to S$80/month–or S$960/year.

OCBC 365 Card stands apart from other everyday cards because it does not restrict cashback rates to specific merchants. Cardholders can shop and earn carefree instead of worrying about which merchants will best maximise earnings. In addition, OCBC 365 Card offers an impressive 3% cashback on recurring bills, restricted only by the total cap. Competitor POSB Everyday Card caps bill rebates at S$1/month. Because categories are not capped individually, OCBC 365 Card also allows for more fluid spending habits.

Example of Category Limitation by Merchants

CardGrocery RebateEligible Merchants
OCBC 3653%All Supermarkets
POSB Everyday5%Sheng Siong
Citi SMRT5%FairPrice, FairPrice Xtra Kallang Wave, Gian, Sheng Siong
UOB Delight8%Cold Storage, Market Place, Jasons, Giant, Guardian

On the other hand, OCBC 365 Card has a lower total cap than some alternatives. POSB Everyday Card caps earnings by category, but caps are high (about S$50 each) and together allow S$200+ in potential earnings. OCBC 365 Card also lacks the convenience of EZ-Link functionality offered by other everyday cards, and doesn’t offer a companion rebate program like Citi SMRT Card’s Citi Rebate or UOB One Card’s UOB SMART$ Rebate Programme.

Nonetheless, average consumers can easily benefit from OCBC 365 Card for its respectable rewards rates and versatility. While consumers must spend S$800/month to access elevated rates, this is very reasonable for average spenders with a roughly S$2,000/month budget. In addition, consumers spending S$833/month (S$10,000/year) receive a waiver for the S$192.6. OCBC 365 Card offers a great way for consumers to maximise earnings from daily spend while also avoiding an annual fee.

How Does OCBC 365 Card’s Rewards Program Work?

Use our quick and easy-to-read guide below to learn how you you can redeem card rewards.

  • Every 1 dollar of cashback earned is equal to S$1
  • Cashback earned is automatically offset against the month’s billed amount
  • Cashback earned by Supplementary Cards is credited to the Primary account
  • Cashback may be retracted if card account is terminated

OCBC 365 Card Features and Benefits:

Card Overview
  • Annual Fee: S$192.6, Waived 2 years, & subsequently with S$10,000 annual spend
  • Income Requirement: S$30,000 for locals, S$45,000 for foreigners
Rewards Rate Details
  • 6% rebate on dining & online food delivery
  • 3% rebate on groceries, land transport, online travel, recurring telco & electricity bills
  • 0.3% rebate on EZ-Link and Transitlink, up to S$0.6/month
  • 0.3% rebate on general spend
  • S$800 minimum spend to access elevated rates
  • S$80 monthly cap on earnings
Perks & Benefits
  • Free travel insurance
  • Visa Concierge & Signature Privileges
  • Up to 23% fuel savings at Caltex, 20.4% at Esso, 5% at other stations
Promotions:
  • Earn S$88 cashback with card approval + S$80 cash credit with S$800 spend in 1st month
  • Up to 8% off bookings with Agoda

OCBC 365 Card Rewards Exclusions

Some credit card expenditures are ineligible for earning rewards. We identify these exclusions below.

Annual card fees, Cash-On-Instalments, Instalment Payment Plan, PayLite, tax payments, interest, late payment charges, cash advances, balance transfers, bill payments made via Internet Banking (& other fees and charges)
Payments made via AXS or SAM network
Charitable/Religious Organizations (MCC: 8398, 8661); Cleaning, Maintenance and Janitorial Services (MCC: 7349); and Real Estate Agents and Managers (MCC: 6513)

How does OCBC 365 Card Compare Against Other Cards?

Consider this if you want a no-fee cashback card for food purchases, utilities and online travel bookings

Annual Income Requirement S$30,000
Foreigner Income Requirement S$45,000

Read our comparisons of OCBC 365 Card with other cards and learn what makes each card unique in their own way. We compare and contrast each card to highlight its uniqueness to help you identify the card that you need.

OCBC 365 Card performs above the market average for value-to-consumer after two years based on a monthly spend of S$2,000

OCBC 365 Card v. POSB Everyday Card

POSB Everyday Card
POSB Everyday Card

Consider this if you are a busy homemaker who want to maximise savings on groceries, utilities, personal care, and petrol

Annual Income Requirement S$30,000
Foreigner Income Requirement S$45,000

POSB Everyday Card is a great all-in-one rebate card with EZ-link functionality. Cardholders earn up to 15% rebate on online food delivery, 10% on overseas spend and transport, 5% on dining and groceries, 3% on personal care, and 1% on recurring bills (capped at S$1/month). Rates are high, but there's a S$800 minimum spend and eligible merchants are limited. Earnings, however, are capped by category (S$50/each) which allows for high earning potential. Those willing to spend with select merchants can maximise everyday earnings with POSB Everyday Card.

OCBC 365 Card v. UOB One Card

Consider this if you want to maximise your cash rebate and spend about S$2,000 per month

Annual Income Requirement S$30,000
Foreigner Income Requirement S$40,000

Consumers with consistent spend can maximise earnings with UOB One Card. Those spending at least S$2,000/month per quarter earn 5% rebate, up to S$300/quarter. Lower spenders earn 3.33%, up to S$100/quarter with S$1,000/month minimum spend or S$50 for a S$500 minimum spend. Rebates are awarded according to the lowest spend during the quarter, so consistency is key. Because UOB One Card offers flat rate rewards it makes for a great everyday card. However, those with irregular spend might prefer OCBC 365 Card.

OCBC 365 Card v. Citi SMRT Card

Consider this if you want to earn cashback on your daily commute on public transit

Annual Income Requirement S$30,000
Foreigner Income Requirement S$42,000

Citi SMRT Card is great for young professionals on a budget as it offers 5% rebates on fast food dining, groceries and cinemas, 3% for online spend, and 2% on health and beauty with no minimum spend requirement. The card has EZ-Link functionality and earns 2% rebate on Top-Ups. However, eligible merchants are limited and may not support family-oriented lifestyles. Those seeking rewards essentials like recurring bills might prefer OCBC 365 Card instead.

OCBC 365 Card v. UOB Delight Card

UOB Delight Card
UOB Delight Card

Consider this if you want maximum savings on groceries

Annual Income Requirement S$30,000
Foreigner Income Requirement S$40,000

UOB Delight Card allows consumers to maximise rewards on grocery spend with up to 18% rebate on house brands at Cold Storage, Market Place, Jasons, Giant and Guardian. Cardholders also earn 3% rebate for contactless transactions and recurring bills. As with OCBC 365 Card, there is a S$800 minimum spend, but the rewards cap of S$50/month is lower. In addition, UOB Delight Card is primarily intended for grocery spend, while OCBC 365 is more versatile.

OCBC 365 Card v. Citi Cash Back Card

Consider this if you spend mostly on food and transportation

Annual Income Requirement S$30,000
Foreigner Income Requirement S$42,000

Citi Cash Back Card maximises cashback for average consumers who spend on food and transport. Cardholders earn 8% cashback on dining, groceries, petrol, and Grab rides, up to S$100/month, after a S$888 minimum spend. While rates are high, categories are fairly limited. Consumers looking for an everyday card to reward diversified spend might instead prefer OCBC 365 Card.

Comments and Questions

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