Are you looking for a credit card that offers great rewards and benefits in Singapore? Look no further than the OCBC Platinum Credit Card Singapore. This card is designed to help you get more out of your spending, whether you’re shopping for groceries, dining out, or travelling the world.
With the OCBC Platinum Credit Card Singapore, you can earn rewards points on all your purchases, which can be redeemed for a variety of rewards, including cashback, shopping vouchers, and air miles. Plus, you’ll enjoy a range of exclusive benefits, such as complimentary travel insurance, airport lounge access, and dining privileges at some of the best restaurants in town. Whether you’re a frequent traveller or a savvy shopper, this card is sure to meet all your needs and more.
So why wait? Apply for the OCBC Platinum Credit Card Singapore today and start enjoying the many rewards and benefits that come with it. With its flexible rewards program, generous perks, and competitive interest rates, this card is the perfect choice for anyone looking to get more out of their spending. So don’t miss out – apply now and start enjoying the many benefits of the OCBC Platinum Credit Card Singapore!
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Looking for a Singapore credit card with rewards and perks? Look no further than the OCBC Platinum Credit Card!
Highlights:
- Earn rewards points on all your spending.
- Redeem points for cashback, vouchers, and air miles.
- Enjoy up to 20% off at selected restaurants.
- Get complimentary airport lounge access and travel insurance.
- No annual fee for the first two years.
Ideal for:
- Frequent diners and travelers seeking rewards and perks.
- Families looking for exclusive dining and travel promotions.
Not ideal for:
- Individuals seeking the highest cashback rates (consider OCBC 365 for that).
Overall:
The OCBC Platinum Credit Card is a good option for those who want a well-rounded card with rewards for everyday spending, dining, and travel. However, there are other cards on the market that offer higher cashback rates or better travel benefits.
Intrigued? Learn more about the OCBC Platinum Credit Card and see if it fits your spending style!
Key Features of OCBC Platinum Credit Card
If you are looking for a credit card that offers great rewards and benefits, the OCBC Platinum Credit Card is definitely worth considering. Here are some of the key features that make this card stand out:
Rewarding Points System
With the OCBC Platinum Credit Card, you can earn 5 OCBC$ for every S$5 spent, which can be redeemed for vouchers, miles, and other rewards. This means that the more you spend, the more you earn, and the more you can save on your next purchase.
Dining Perks and Deals
If you love dining out, the OCBC Platinum Credit Card is perfect for you. You can enjoy up to 20% off your bill at selected restaurants in Singapore, as well as other dining perks and deals. Whether you are looking for a fine dining experience or a casual meal with friends, this card has got you covered.
Travel Benefits Galore
The OCBC Platinum Credit Card also offers a range of travel benefits, including discounts on flights, hotels, and travel insurance. You can also earn miles on your purchases, which you can redeem for free flights, upgrades, and other travel-related rewards. Plus, with no foreign transaction fees, you can use your card overseas without worrying about extra charges.
Financial Prerequisites and Eligibility
To be eligible for the OCBC Platinum Credit Card, you need to meet certain financial prerequisites and eligibility requirements. In this section, we will discuss the annual income requirements and eligibility criteria for foreigners.
Annual Income Requirements
As a Singaporean or Singapore PR, you need to have an annual income of at least S$30,000 to be eligible for the OCBC Platinum Credit Card. If you are a foreigner, you need to have an annual income of at least S$45,000 to be eligible for the card.
Eligibility Criteria for Foreigners
If you are a foreigner, you need to provide your passport and employment pass, and you must have a valid Singapore mailing address. You will also need to provide your latest income tax notice of assessment and a copy of your employment letter.
To apply for the card, you can visit the OCBC website and fill out the online application form. You will need to provide your personal details, such as your NRIC or passport number, and your employment details, such as your job title, company name, and monthly salary.
Understanding Fees and Charges
If you are considering applying for an OCBC Platinum Credit Card, it is essential to understand the fees and charges that come with it. Here’s a quick overview of what you can expect:
Annual Fee Insights
The annual fee for the OCBC Platinum Credit Card is S$160.50 for the main card and S$80.25 for the supplementary card. However, you can enjoy a two-year annual fee waiver for both the principal and supplementary cards. This means you can save up to S$481.50 over two years if you apply for both cards.
Overseas Transaction Fees
If you are planning to use your OCBC Platinum Credit Card for overseas transactions, you should be aware of the fees involved. For every transaction made overseas, you will be charged a fee of 2.8% of the transaction amount. However, if you are a frequent traveller, you can consider applying for an OCBC Premier Voyage Card, which offers a lower overseas transaction fee of 2.2%.
Interest Rates Explained
The interest rate for the OCBC Platinum Credit Card is 26.88% per annum. This rate is charged on any outstanding balance on your card. It is essential to pay your bills on time to avoid any interest charges. If you find it challenging to pay your bills on time, you can consider setting up a GIRO arrangement to automate your monthly payments.
Exclusive Discounts and Offers
As an OCBC Platinum Credit Card holder, you get access to a wide range of discounts and offers. Here are some of the exclusive deals you can enjoy:
Retail and Online Shopping
Get up to 10% cashback at over 100 retail outlets in Singapore, including Robinsons, Marks & Spencer, and more. You can also enjoy up to 20% off when you shop online at Lazada, Zalora, and other participating merchants.
Groceries and Petrol Savings
Save up to 8% on groceries at Cold Storage, Giant, and Guardian. You can also get up to 18.3% savings on petrol at Caltex and Esso stations islandwide.
Lifestyle and Entertainment Discounts
Enjoy up to 50% off dining and entertainment at over 1,000 restaurants and attractions in Singapore. You can also get up to 20% off on spa treatments and beauty services at participating outlets.
With OCBC Platinum Credit Card, you can enjoy a world of exclusive discounts and offers, making your shopping experience more exciting.
Tip
Discover even more savings by combining your OCBC Platinum Credit Card benefits with store promotions and loyalty programs. Many retailers offer additional discounts or reward points for cardholders, doubling your savings!
Stay updated on new deals by following OCBC’s social media channels or signing up for their newsletter. Don’t forget to check your card’s benefits regularly as they may add new partnerships or limited-time offers.
Keep maximizing your savings and enjoying the perks of being an OCBC Platinum Credit Card holder!
Cashback and Rebates System
If you’re looking for a credit card that rewards you for your spending, the OCBC Platinum Credit Card is a great option. This card offers a cashback and rebates system that can help you save money on your everyday purchases.
Maximising Cash Rebates
With the OCBC Platinum Credit Card, you can earn up to 6% cash rebate on your spending. To maximise your cash rebates, you’ll need to understand the different categories that offer cashback. These categories include dining, groceries, petrol, and utilities.
To get the most out of your cash rebates, you’ll want to make sure you’re spending in these categories. For example, if you eat out frequently, you can use your OCBC Platinum Credit Card to pay for your meals and earn cashback. Similarly, if you drive a lot, you can use your card to pay for petrol and earn cashback.
Understanding the Cashback Cap
It’s important to note that there is a cashback cap on the OCBC Platinum Credit Card. This means that there is a limit to how much cashback you can earn in a month. As of 2024, the cashback cap is set at $80 per month.
To make the most of your cashback, you’ll want to ensure that you’re hitting the minimum spend requirement of $800 per month. If you spend more than $800 per month, you can unlock higher cashback rates and earn up to $160 cashback per month.
Additional Card Perks
In addition to the rewards program, the OCBC Platinum Credit Card comes with a number of additional perks to enhance your travel experience.
Airport Lounge Access
With the OCBC Platinum Credit Card, you’ll enjoy complimentary airport lounge access at more than 1000 lounges worldwide. This is perfect for those long layovers or delays, as you can relax in comfort with complimentary snacks and drinks, Wi-Fi, and other amenities.
Travel Insurance Coverage
The OCBC Platinum Credit Card also comes with travel insurance coverage, including coverage for trip cancellations, trip delays, lost or delayed baggage, and more. This gives you peace of mind when travelling, knowing that you’re covered in case of any unexpected events.
Concierge Services
As an OCBC Platinum Credit Cardholder, you’ll also have access to concierge services that can help you with everything from booking flights and hotels to making restaurant reservations and securing event tickets. This can save you time and hassle, especially when travelling to a new destination.
Payment Convenience and Flexibility
Are you looking for a credit card that offers payment convenience and flexibility? The OCBC Platinum Credit Card Singapore might be the right choice for you. Here’s why:
Mobile Banking Features
With OCBC mobile banking, you can manage your credit card bill and pay bills on-the-go. The mobile app allows you to view your account balance, transaction history, and credit limit. You can also set up alerts for credit card payments and receive notifications when your bill is due.
The mobile app also offers a feature called “Instant Card Activation” which allows you to activate your new credit card instantly. This means you can start using your card as soon as you receive it, without having to wait for it to be activated.
Bill Payment Options
Paying your credit card bill has never been easier. OCBC offers a variety of bill payment options to suit your needs. You can choose to pay your credit card bill using AXS, internet banking, mobile banking, or at any OCBC branch.
AXS is a convenient way to pay your credit card bill. You can pay your bill using AXS stations located all around Singapore. You can also pay your bills online using internet banking or mobile banking. This means you can pay your bills from anywhere, at any time.
Application and Approval Process
If you are interested in applying for an OCBC Platinum Credit Card in Singapore, the process is straightforward and can be completed online. Here is a step-by-step guide to help you through the application process:
Step-by-Step Application Guide
- Begin by visiting the OCBC website and selecting the Platinum Credit Card option.
- Once you have selected the card, you will be directed to the application page where you will be asked to provide your personal details, employment information, and income details.
- OCBC offers a quick and easy application process through MyInfo. This allows you to retrieve your details from government sources for a quicker and easier application.
- After submitting your application, you will receive an email and SMS with a link to access your digital card account.
- If you are approved, your physical card will be sent to you within 7-10 business days.
Understanding Credit History Requirements
When applying for the OCBC Platinum Credit Card, it’s important to understand the credit history requirements. OCBC typically requires a minimum annual income of SGD 50,000 for Singaporeans and Permanent Residents and SGD 60,000 for foreigners. Additionally, they will consider your credit history when assessing your application.
If you have a good credit history, you are more likely to be approved for the card, and may also be eligible for a higher credit limit. However, if you have a poor credit history, you may be required to provide additional documentation or may be denied altogether.
Frequently Asked Questions
What dazzling benefits can one enjoy with the OCBC Platinum Credit Card?
The OCBC Platinum Credit Card is packed with a range of exciting benefits that are sure to impress. You can enjoy up to 10% cashback on dining, online shopping, and groceries, as well as exclusive dining privileges at renowned restaurants across Singapore. Additionally, you can earn 1 OCBC$ for every $1 spent on the card, which can be redeemed for a variety of rewards.
Could you share an exhilarating review of the OCBC Platinum Credit Card?
According to a review on MoneyDuck Singapore, the OCBC Platinum Credit Card is an excellent choice for families looking to enjoy exciting promotions and deals. You can enjoy dining deals for every occasion, as well as exciting travel promotions that are perfect for family vacations.
How does the OCBC Platinum Credit Card compare to the OCBC 365 Credit Card?
While both the OCBC Platinum Credit Card and the OCBC 365 Credit Card offer exciting benefits, the Platinum card is geared towards families looking for exclusive dining and travel promotions, while the 365 card is ideal for cashback enthusiasts who spend considerable time dining out.
What’s the thrilling credit limit for the OCBC Platinum Credit Card?
The credit limit for the OCBC Platinum Credit Card varies depending on your credit score and income. However, with a good credit score and a steady income, you can enjoy a high credit limit that allows you to make the most of the card’s exciting benefits.
How swiftly can I get my hands on an OCBC Platinum Credit Card?
You can apply for an OCBC Platinum Credit Card online, and the application process is quick and easy. Once your application has been approved, your card will be delivered to you within 3-5 business days.
What are the electrifying perks of holding a Platinum level credit card?
Holding a Platinum level credit card such as the OCBC Platinum Credit Card comes with a range of exciting perks, including exclusive dining privileges, travel promotions, and cashback rewards. Additionally, you can enjoy a higher credit limit and a range of other benefits that are sure to impress.
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