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OCBC Plus! Debit Card Review: Cashback on Grocery Purchases

OCBC Plus! Debit Card Review: Cashback on Grocery Purchases


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  • Individuals that want to earn competitive cashback rates on grocery spend
  • Those who frequently shop at FairPrice


  • Those who do not spend a lot on groceries

The OCBC Plus! Debit Card is an excellent choice for individuals that want to earn high cashback rates on their grocery expenses. More specifically, cardholders can earn a 4% rebate on their in-store purchases at FairPrice, Unity, and Warehouse Club, and a 3% rebate on their online FairPrice purchases. Although this debit card has an annual fee of S$24, its fee is waived with S$1,200 annual spend. Overall, the OCBC Plus! is a low-maintenance debit card that offers substantial value for frequent grocery shoppers.

Table of Contents

  • 4% rebate on in-store purchases at FairPrice, Unity, and Warehouse Club
  • 3% rebate on online purchases at FairPrice
  • 1% rebate on M1, Singtel, and Starhub bills
  • 3% off at Cheers and Popular
  • 18.5% Savings on Esso petrol transactions
  • Minimum spend of S$200 outside of FairPrice to qualify for cashback
  • Low cashback rate on spend outside of FairPrice

What Makes the OCBC Plus! Debit Card Stand Out?

Consumers who often shop at FairPrice, Unity, or Warehouse Club will particularly benefit from this card. With a 4% rebate on in-store purchases, and a 3% on FairPrice online transactions, this debit card provides one of the best rewards for groceries in the market. In order to qualify for cashback, a cardholder must spend a minimum of S$200 outside of FairPrice each month, which is one of the lowest requirements in comparison to other debit cards on the market. It is important to note that this is one of the only debit cards that requires the minimum spend to be made outside of a specific merchant.

Grocery Rewards of Debit Cards

CardGeneral RewardsGrocery RewardsRewards CapMin Spend Requirement
OCBC Plus!0.22%4%n/aS$200 outside of FairPrice stores
Passion POSBn/a4%n/aS$400
NTUC Plus0.22%8%n/aS$200 outside of FairPrice stores
HomeTeamNS-Passion POSB2%2%n/aS$400
The NTUC Plus! is a sister card to the OCBC Plus! and is only available for NTUC members.

With the OCBC Plus! Debit Card, rebates are given in the form of LinkPoints, which convert at a rate of 150 points = S$1. For in-store purchases, an individual can earn 6 LinkPoints (comprising 2 regular LinkPoints & 4 Bonus LinkPoints) for every S$1 spent. There is no earnings limit on regular LinkPoints, but Bonus LinkPoints are limited to 2,000 per month. This would mean a consumer can earn up to S$13.33 of bonus LinkPoints by spending S$500 per month on groceries, with unlimited regular LinkPoints on top.

Monthly Grocery SpendS$250S$500S$750
Regular Link Points5001,0001,500
Bonus Link Points1,0002,0002,000
Total Points in S$S$10S$20S$23.33

Similar to some other cards on the market, this debit card offers a cashback rebate on all general spend. More specifically, the OCBC Plus! Debit Card allows cardholders to earn 0.22% on all of their spend. While this may seem low, it's higher than other debit cards that provide high rates on groceries, and allows the cardholder to earn some rewards while satisfying the card's S$200 minimum spend requirement. Also, unlike most other debit cards, there is no limit to the cashback that an individual can earn from general spend. While there is no annual fee for the initial year, there is a fee of S$24 for subsequent years if a cardholder does not spend S$1,200 within a calendar year. However, qualifying for cashback every month would more than cover the minimum spend required to qualify for the annual fee waiver.

How to Use LinkPoints

According to OCBC, 150 LinkPoints is equivalent to S$1. These points can only be used for in-store purchases, but are not applicable for online transactions.

When making an in-store purchase at FairPrice, Unity, or Warehouse Club

  • Make your purchase using your OCBC Plus! Debit Card
  • Check your LinkPoints balance at the register
  • Use your LinkPoints to offset a portion/entirety of your purchase

OCBC Plus! Debit Card's Other Fees

Similar to most other debit cards on the market, the OCBC Plus Debit Card comes with a few fees. These fees include an annual fee, foreign currency fee, currency conversion fee, and an overseas cash withdrawal fee. For most cardholders, the only pertinent one is the annual fee.

  • 2.8% Foreign Currency Fee
  • 2.8% Currency Conversion Fee
  • 2.25 Overseas Cash Withdrawal Fee

How to Apply for an OCBC Plus! Debit Card

For individuals interested in the application process for this debit card, OCBC offers two ways to apply for their Plus! Debit Card. The first option allows applicants to apply with MyInfo and get instant approval (if eligible). The second option is a standard application that requires applicants to submit their personal details and credentials.

Applying with MyInfo

  • Log into your SingPass account
  • Complete your application with MyInfo
  • If you qualify, you’ll be granted instant approval

Applying with the Standard Application

  • Open the online application form
  • Fill in your personal details and card details
  • Submit your application

OCBC Plus! Eligibility Requirements

Similar to most other debit cards on the market, the OCBC Plus! has very few requirements when it comes to cardholder eligibility. In order to qualify, an applicant must be at least 16 years old, and have an associated OCBC bank account. There is no minimum income requirement required for this debit card.

How to Cancel Your OCBC Plus! Debit Card

For any cardholder who would like to cancel their OCBC Plus! Debit Card, there are a few steps to take.

  • Call OCBC’s customer service line at 1-800-363-3333 (for overseas, call: 65-6363-3333)
  • Verify your personal information, and card information with the representative
  • Cancel your card

OCBC Plus! Debit Card's Features and Benefits:

Details & Benefits
Annual FeeS$24 (free for first year, minimum spend of S$1200 for subsequent years)
Card Details
  • 4% rebate on purchases at FairPrice, Unity, and Warehouse Club
  • 3% rebate for online FairPrice transactions
  • 1% rebate on Singtel, M1, and Starhub bills
  • 3% off at Popular and Cheers
  • 18.5% savings on Esso petrol transactions
  • 0.05% interest on account balance
Alex Noonan

Alex is a Junior Research Analyst at ValueChampion, analyzing various financial decisions for consumers in Singapore, from which credit cards provide the best values, how to maximise value of miles and other personal finance matters. Previously an SEO Analyst at a New York based fin-tech company, specializing in small business advice, he has extensive experience in content production & web optimization. He is a recent graduate of Rutgers University, with a major in Supply Chain Management.

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