After its rebranding in 2016, the OCBC Titanium Rewards Credit Card has become one of the top shopping rewards credit cards in Singapore. It provides its cardholders with high rewards rates for their online, offline and overseas shopping expenditures while remaining highly cost-effective. If you are a frequent shopper and are interested in earning air miles without paying expensive annual fees, this card may be a good fit for you. In this review, we will break down the main features of the OCBC Titanium Rewards Credit Card to help you decide if this is a credit card worth your while.
|4 mile reward is capped at 48,000 miles per year|
What makes OCBC Titanium Rewards Credit Card Stand Out: Shopping Earns You Air Miles
For active shoppers seeking to maximize air mile rewards while minimizing extra expense, the OCBC Titanium Rewards Credit Card is tough to beat. First, it leads the market for shopping rewards, awarding 4 miles for every S$1 spent on shopping online, offline and overseas. In 2018, this 4 mile offer is also extended to mobile payments, which can actually be quite versatile in Singapore. Furthermore, this card comes at a great value, as its S$192.6 annual fee is automatically waived for the first 2 years and waived in subsequent years as long as you spend at least S$10,000 annually, a highly achievable target for the average consumer. This makes it cheaper than its most direct competitor, the Citi Rewards Visa Card. Penny-savers will also appreciate the 14% discount the OCBC Titanium Rewards Credit Card offers on petrol at Caltex and Esso and the up to 8% discount on travel bookings.
Despite these great qualities, the OCBC Titanium Rewards Credit Card lacks versatility, awarding only 0.4 miles for every S$1 spent on anything besides shopping. Consumers for whom shopping factors less into their lifestyle who want to accumulate air miles for their broader spending habits might be better served by a different credit card. Furthermore, as far as travel rewards cards go, the OCBC Titanium Rewards Credit Card does not offer much in the way of perks; frequent travelers who need access to airport lounges should look elsewhere. Finally, potential customers should be aware that air miles earned through the OCBC Titanium Rewards Credit Card do expire after 5 years.
Nevertheless, the OCBC Titanium Rewards Credit Card is all-in-all one of the best credit cards within its niche. If you love to shop but want to avoid paying annual fees, using the OCBC Titanium Rewards Card is a great and affordable option for earning air miles while shopping anywhere you want. The OCBC Titanium Rewards Credit Card has made our 2017 editor's picks for Best Travel Credit Cards, Best Shopping Credit Cards and Best OCBC Credit Cards.
OCBC Titanium Rewards Credit Card Benefits & Features
|OCBC Titanium Rewards Credit Card Benefits & Features||Details|
|Annual Income Requirement|
How does OCBC Titanium Rewards Credit Card Compare Against Other Credit Cards?
To help you get an idea of how the OCBC Titanium Rewards Credit Card performs against the competition, we provide the following side-by-side comparison of this card with other leading shopping rewards credit cards.
OCBC Titanium Rewards Credit Card vs Citi Rewards Visa Card
The Citi Rewards Visa Card is the OCBC Titanium Rewards Credit Card's most direct competitor. It offers the same high rewards rate for spending on shopping, with 4 miles for every S$1 spent shopping online, offline or abroad. Like the OCBC Titanium Rewards Credit Card, spending on anything else accrues only 0.4 miles per S$1 spent with the Citi Rewards Visa Card. This card will also help you save on petrol, offering discounts of up to 14% off petrol at Esso and 15% at Shell, and on travel bookings, offering discounts of up to 8%. These savings are comparable to what you would save with the OCBC Titanium Rewards Credit Card.
How does it distinguish itself from the OCBC Titanium Rewards Card? Citi Rewards Visa Card is more specialised for shopping, with up to 8 miles per S$1 spent at specific shops and retailers. It also provides a welcome gift of S$120 cash credit when you apply for the card online. This helps to compensate for the one major disadvantage to choosing the Citi Rewards Visa Card over the OCBC Titanium Rewards Card: Its annual fee of S$192.6 is waived only for 1 year. If you shop a lot and don't mind the annual fee, the Citi Rewards Visa Card may be well worth the extra cost.
OCBC Titanium Rewards Credit Card vs Citi PremierMiles Visa Card
The Citi PremierMiles Visa Card is one of our favorite travel cards for the average consumer. It is a very versatile card that differs from the OCBC Titanium Rewards Credit Card in that it awards a flat 1.2 miles for every S$1 spent locally on anything, and 2 miles for every S$1 spent overseas. For consumers balking at the limited utility of the OCBC Titanium Rewards Credit Card in areas other than strictly shopping, the Citi PremierMiles Visa Card may be the perfect solution. If you don't shop as much, this card will allow you to earn great air miles rewards through your spending on categories such as petrol, groceries, entertainment and dining. Travelers hoping for perks can look forward to its complimentary travel insurance and up to 40,000 bonus air miles over 2 years.
Although the Citi PremierMiles Visa Card is a more costly option than the OCBC Titanium Rewards Credit Card with an annual fee of S$192.6 that cannot be waived, in our estimation, it more than makes up for this extra cost, possessing a 2-year value of S$2,020 as compared to the OCBC Titanium Rewards Credit Card's S$1,990. As taking full advantage of the card requires its cardholders to be able and willing to jump through a few extra hoops, it is most suitable for consumers with a comfortable budget and broad-based spending habits.
OCBC Titanium Rewards Credit Card vs OCBC 365 Credit Card
If you're more interested in a highly affordable credit card that gives you opportunities for cash back in most facets of your everyday life, and less interested in a travel rewards credit card, the OCBC 365 Card might be a great fit. Its annual fee of S$192.6 is waived for the first 2 years, and you only have to spend S$10,000 a year to waive the annual fee in following years, which is the same as OCBC Titanium. Where they differ, then, is OCBC 365's diverse set of high rebates in categories central to daily life, including up to 6% on dining, 3% on online shopping, up to 22.2% on petrol, 3% on groceries and 3% on recurring utility bills. Because this card can help you save in a wide variety of areas, it is a great credit card for the average person or family.
In choosing this card, you do sacrifice the opportunity to earn air mile rewards on shopping; but less frequent travelers, as well as less frequent shoppers, who are looking for ways to earn cash back just by going about their daily routine will get a lot of value out of the OCBC 365 Credit Card.
OCBC Titanium Rewards Credit Card vs UOB One Card
Consumers looking for a card that will get them the highest amount of cash back and are willing to jump through a few hoops to get there might find the UOB One Card to offer an interesting alternative to a more typical rewards credit card. Unlike the OCBC Titanium Rewards Credit Card, this card does not award spending with air miles. What it does offer is the highest flat rate cashback in Singapore for consumers willing to put in the extra effort to tightly manage their expenses consistently from month to month. If you can spend exactly S$2,000, S$1,000 or S$500 every single month on the UOB One Card, you can maximize your cash back with up to 5% cash rebate on all spending. A card like this might be highly useful for families with large fixed or recurring costs, and less suitable for people who like to shop a lot, as their costs might be more likely to fluctuate with each month.
It should be noted that the UOB One Card has an annual fee of S$128.4, which is waived for the first year and unwaivable afterwards. For those who highly prioritize avoiding paying annual fees, the OCBC Titanium Rewards Credit Card could still be a better option.
*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.