OCBC 365 Card: For Everyday Use

OCBC 365 Card: For Everyday Use

An excellent card to use everyday and save on some of life's most essential needs.

Good for

  • Consumer looking for a cashback card with an easily waived annual fee
  • Average Singaporean that spends about S$2,000 per month
  • Dining, onine shopping, groceries, utilities

Bad for

  • Affluent or below-average spenders whose expenditures deviate widely from S$2,000 per month
  • Consumers willing to pay an annual fee for greater benefits

Editor's Rating


Just as the name suggests, OCBC 365 Credit Card is an ideal card for your everyday use all year around. It provides a very well curated set of respectable cashback rates for categories very central to everyone’s life like dining, groceries, petrol, online shopping and utilities. It’s designed to address almost all the daily needs of an average person or family without skewing towards a specific category. If you are an average family that enjoy both dining and dining out, this card will suit your lifestyle quite well.

Pros of OCBC 365 Card

  • Annual fee waived for 2 years and subsequently waived for annual spend of only S$10,000
  • Cash back: Up to 6% on dining, 22.2% on petrol 3% on online shopping, groceries and recurring monthly bills
  • Relatively high monthly cap on cashback of S$80
  • Low minimum monthly spend of S$600 to enjoy full benefits

Cons of OCBC 365 Card

  • Rebates for major categories like Grocery or Dining lag behind peers
  • Relatively high annual fee of S$192.6 if you don’t get the waiver

What makes OCBC 365 card stand out

OCBC 365 earns cashback for all your dining experience, with 6% rebate on dining (local and overseas) and online food deliveries. If you eat out once a week with your family, your family can have a free dinner every 4 months or so (6% x 16 times = 96%). Even when your family decides to cook at home, you can earn 3% cashback at all supermarkets in Singapore, including the new online grocery stores. While dining or grocery rebates aren’t as high as some other cards that offer 8% cashback on all dining and groceries, OCBC 365 Card makes up for it by providing 3% rebate on all your online shopping needs, land transportation (Grab, Go-Jek, Ofo and taxi) and monthly recurring bills for TV, mobile phones and internet. It doesn’t lose out to anyone on petrol either, with up to 22.2% savings on petrol at Caltex and 18.3% savings at Esso. Mindful of its family oriented target customer base, OCBC 365 also offers 3% rebate on medical spend over the counter (dental, clinics, cord blood banking & hospitals) to help offset your children’s medical care cost. Every other spend will earn you 0.3%.

One other major reason we like this card is that it has a relatively high cap on cashback of S$80 per month (after which you can still earn 0.3% rebate), and a low monthly minimum spend of S$600 to qualify for these benefits. This means you can earn as much as S$1,000 every year in cash rebate. Along with 2-year waiver of S$192.6 annual fee and low annual income requirement of S$30,000 (S$45,000 for foreigners), this is one of the easiest and highly rewarding cards in the market, and a must have for every family in Singapore, in our opinion.

OCBC 365 Card's Features and Benefits:

OCBC 365 Card's Features & BenefitsDetails
Annual feeS$192.6, waived for 2 years, subsequently waived for annual spend of over S$10,000
Salary requirementS$30,000 for locals, S$45,000 for foreigners
  • 6% rebate on local & overseas dining and online food delivery
  • 3% rebate on all online spending (including travel, fashion, movie tickets, etc.)
  • Up to 22.2% savings on petrol at Caltex, 18.3% savings at Esso, and 5% on other petrol stations
  • 3% cashback on groceries (local, overseas & online)
  • 3% rebate on your recurring bills from SingTel, StarHub and M1
  • 3% rebate on medical spend over the counter (dental, clinics, cord blood banking & hospitals)
  • 0.3% rebate on all other spend
  • S$600 monthly minimum spend to qualify for aforementioned benefits, otherwise 0.3% rebate for all
  • S$80 monthly cap on cashback, after which you earn 0.3% of cashback
  • Complimentary travel insurance
  • Access to Visa Signature Privileges

How does the OCBC 365 Card Compare Against Other Cards?

We have done a compare and contrast analysis of OCBC 365 card against other cards in the market. Read below to learn how they are different and which card would be most suitable for your circumstances.

A graph displaying how OCBC 365 Card compares to other credit cards in Singapore in terms of their rewards
OCBC 365 Card vs Other Cards by Dollar Value*

OCBC 365 vs Citi SMRT

Citi SMRT card is a credit card that doubles up as an EZ-Link card to be used in daily commutes. It is more expensive than OCBC 365, but its S$160.5 of annual is still waived for 2 years. We think Citi SMRT is ideal for mass transit commuters who enjoy a cup or two of coffee every day and shop grocery on their way home. It earns up to 7% rebate on groceries above S$50, among the highest rebates we’ve seen in this category. It doesn’t stop there. Citi SMRT also provides up to 15% rebate on coffee at various café chains like Starbucks, and a 2% rebate on EZ-Link Auto Top-Ups in increments of S$30. Minimum monthly spend is low at S$600, but SMRT$ rebate it offers is also capped at S$40 a month (S$280 annually). These characteristics, in our view, make Citi SMRT ideal for individuals, especially young professionals, who have a budget to meet every month. What better ways to optimize your dollars than to utilize SMRT rather than cabs, and cook at home rather than dining out? While it lacks the dining and online shopping benefits of OCBC 365, Citi SMRT is an ideal candidate to be added to your wallet as long as you spend most of your money on your monthly SMRT pass, coffee and groceries.

OCBC 365 vs POSB Everyday

Not only is POSB Everyday card one of the best cashback cards in the market for everyday use, particularly offering rebates on groceries and transportation, it also doubles up as an EZ-Link card. Its grocery cashback of 5% at Sheng Siong is higher than OCBC 365's 3%, and it also provides up to 20.1% off on petrol at SPC. There’s also no cap on how much cashback you can earn, so POSB Everyday presents an opportunity to earn hundreds if not thousands of dollars in cashback every year, depending on your expenditure.

All in all, if you are looking for a card to double up as your EZ-Link commute card and a versatile everyday cashback card, POSB Everyday presents one of the best offerings you can find in Singapore, in our view. If you have a more diverse set of expenditures like online shopping or paying fixed monthly bills, OCBC 365 may be a better fit since it provides 3% rebate on online shopping and recurring monthly bills, while POSB Everyday doesn’t cover online spend and only provide 1% rebate for monthly recurring bills.

OCBC 365 vs UOB Delight

UOB Delight Card

UOB Delight Card is a very similar card to OCBC 365 in that it has a well-rounded rebates covering groceries, mass transit, and monthly recurring bills. However, its cashback program is highly skewed towards maximizing rebate on groceries. If you don’t mind purchasing house brands at Cold Storage, Giant and Guardian, UOB Delight can help you save up to 18% on your grocery purchase, by far the highest in the market. It is also quite cheap to use with only S$85.6 of annual fee. However, it may be difficult for one person to meet the S$800 of monthly minimum spend to be eligible for UOB Delight’s full benefits. Therefore, we think this card is more suitable for families who prefer to dine in rather than out. To summarize the key difference between the two cards, OCBC 365 is more comprehensive in coverage but less rewarding in groceries than UOB Delight. Therefore, OCBC 365 may be more suitable for families who want to consolidate their cashback into one card but still maximize rebate on their major expenditure categories. For families who have a strong preference for cooking at home, UOB Delight might be a more suitable choice.

OCBC 365 vs Citi Cashback

Citi Cashback Card is a great card for maximizing discounts on food. Its combination of 8% discount on all dining and groceries is the highest we’ve seen in Singapore. While OCBC 365 has a more comprehensive list of benefits, we think Citi Cashback could be a better choice for people whose expenses are centered around eating well, both in and out of home.

OCBC 365 vs OCBC Frank

We wanted to compare OCBC 365 with another one of our favorites from OCBC, the OCBC Frank Card. Both cards waive the annual fee with S$10,000 of annual spend on the card, making them very affordable for most people. However, the two cards are actually very different cards catering to different audiences. While OCBC 365 all about satisfying one’s daily essential needs, OCBC Frank is all about indulging oneself, and focuses its benefits on dining, entertainment and online shopping.

Given the different focus of these two cards, we think OCBC Frank makes more sense for young professionals who have active night and social life outside of their homes and offices, especially millennials. In other words, if your monthly expenses are focused around indulging yourself in shopping, dining and partying, we think OCBC Frank might be a better fit for you.

*ValueChampion calculates the dollar value of rewards based on S$2,000 of monthly spending. We sum the value of points, miles and cashback in dollar terms and subtract the annual fee over a 24-month period. The estimates here are ValueChampion's alone, and have not been reviewed, approved or otherwise endorsed by the credit card issuer.

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