If you are a frequent traveller or someone who enjoys earning rewards on your everyday spending, the OCBC Premier Visa Infinite Credit Card Singapore might be the perfect card for you. This credit card, offered by OCBC in partnership with Visa, is exclusively available to Premier Banking customers with a minimum AUM of S$200,000. With its competitive rewards program, this card has gained popularity among the affluent in Singapore.
The OCBC Premier Visa Infinite Credit Card Singapore offers a flexible rewards program that allows you to earn OCBC$ for every dollar spent, both locally and overseas. According to SingSaver, you can earn 16 OCBC$ for every S$5 spent locally and 28 OCBC$ for every S$5 spent overseas. These rewards can be redeemed for a wide range of benefits, including air miles, cash rebates, and even donations to charity.
In addition to its rewards program, the OCBC Premier Visa Infinite Credit Card Singapore also offers a host of exclusive privileges, including complimentary travel insurance, airport lounge access, and concierge services. With these benefits, you can travel in style and enjoy peace of mind knowing that you are protected against unforeseen circumstances.
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In a rush? Here’s a quick overview of the OCBC Premier Visa Infinite Credit Card:
- Designed for frequent travelers & high spenders with a minimum S$200,000 balance.
- Earn rewards on all spending, with higher rates for foreign currency.
- Redeem rewards for miles, cashback, travel vouchers, and more.
- Enjoy travel perks like airport lounge access, travel insurance, and concierge services.
- Annual fee of S$321 (waived in the first year).
Ideal for those who:
- Travel frequently and want airport lounge access and travel insurance.
- Value exclusive lifestyle benefits like concierge services.
- Spend a lot and want to earn rewards on their everyday spending.
Not ideal for:
- Individuals with a balance below S$200,000.
- Individuals who don’t travel frequently.
- Individuals who prioritize low annual fees over premium benefits.
To learn more, visit the OCBC website or consult a financial advisor.
Eligibility and Application Process
If you are interested in applying for the OCBC Premier Visa Infinite Credit Card, there are a few eligibility requirements you need to meet. Here’s what you need to know:
Income Requirement
To be eligible for the OCBC Premier Visa Infinite Credit Card, you need to have a minimum income of S$30,000 per month or S$10,000 fixed deposit in lieu of income. This requirement is in line with the premium nature of the card, which offers a range of exclusive benefits and privileges.
OCBC Premier Banking Customer
In addition to meeting the income requirement, you must also be an OCBC Premier Banking customer to apply for the card. This means you need to maintain a minimum average monthly deposit balance of S$200,000 (or its equivalent in a foreign currency) with OCBC Bank.
Application Steps
If you meet the eligibility requirements and are interested in applying for the OCBC Premier Visa Infinite Credit Card, here are the steps you need to follow:
- Visit the OCBC Premier Banking website and click on the “Apply” button.
- Fill in your personal details, including your name, NRIC, and contact information.
- Provide information about your income and employment status.
- Submit your application and wait for a response from OCBC Bank.
Once your application is approved, you will receive your OCBC Premier Visa Infinite Credit Card in the mail. The card comes with a range of exclusive benefits and privileges, including cashback or miles rewards, flexible redemption options, and access to exclusive lifestyle events and experiences.
Key Features and Benefits
If you are looking for a credit card that offers a wide range of benefits, the OCBC Premier Visa Infinite Credit Card is an excellent choice. This card is designed for those who want to enjoy the finer things in life, from luxury travel to exclusive dining experiences. Here are some of the key features and benefits of the card:
Rewards and Miles
With the OCBC Premier Visa Infinite Credit Card, you can earn rewards points on all your spending, whether it’s dining out, shopping, or travelling. You can earn 28 OCBC$ for every S$5 spent in foreign currency and 16 OCBC$ for every S$5 spent in Singapore dollars. You can redeem your points for a wide range of rewards, including cashback, air miles, hotel loyalty points, and much more.
Travel Perks
The OCBC Premier Visa Infinite Credit Card offers a range of travel perks, including access to exclusive airport lounges worldwide. You can also enjoy complimentary travel insurance coverage of up to S$1 million when you charge your travel tickets to your card.
Dining and Lifestyle Privileges
The card offers a range of dining and lifestyle privileges, including discounts at some of the best restaurants in Singapore. You can also enjoy exclusive access to some of the city’s most exclusive events and experiences.
Insurance Benefits
In addition to travel insurance coverage, the card also offers other insurance benefits, including purchase protection, extended warranty coverage, and more.
Earning Rewards
When it comes to earning rewards with the OCBC Premier Visa Infinite Credit Card, you have a few options to choose from. Let’s take a closer look at how you can earn OCBC$ and miles accumulation, bonus rewards, and exclusion categories.
OCBC$ and Miles Accumulation
With the OCBC Premier Visa Infinite Credit Card, you can earn 28 OCBC$ for every S$5 spent in foreign currency and 16 OCBC$ for every S$5 spent in Singapore dollars. These OCBC$ can be redeemed for a variety of rewards, such as cashback, travel vouchers, and more.
If you prefer to earn miles instead of OCBC$, you can earn 1.2 KrisFlyer miles for every S$1 spent in foreign currency and 1 KrisFlyer mile for every S$1 spent in Singapore dollars. This is a great option if you love to travel and want to earn miles towards your next adventure.
Bonus Rewards
In addition to the standard earn rate, the OCBC Premier Visa Infinite Credit Card also offers bonus rewards for certain spending categories. For example, you can earn 6% cashback on dining and online food delivery, 3% cashback on groceries, and 1% cashback on all other spend. These bonus rewards can help you earn even more rewards on your everyday spending.
Exclusion Categories
It’s important to note that there are certain categories of spending that are excluded from earning rewards with the OCBC Premier Visa Infinite Credit Card. These categories include insurance, education, government, and utilities. If you frequently spend in these categories, you may want to consider a different card that offers rewards for these types of spend.
Tip: Maximize Your Rewards with Strategic Spending
Unlock the full potential of your OCBC Premier Visa Infinite Credit Card by strategically planning your spending. Focus on categories that offer the highest rewards, such as dining, travel, or luxury purchases. Keep an eye out for special promotions and bonus reward periods to amplify your earnings.
Additionally, explore the card’s exclusive partnerships and take advantage of additional perks like complimentary airport lounge access or concierge services. By being savvy with your spending, you can make the most out of this premium credit card and enjoy a wealth of benefits tailored to your lifestyle.
Fees and Charges
As with any credit card, it’s important to understand the fees and charges associated with the OCBC Premier Visa Infinite Credit Card. Here is a breakdown of the most important fees and charges you should be aware of:
Annual Fees
The OCBC Premier Visa Infinite Credit Card has an annual fee of SGD 321, which is waived for the first year. This fee is relatively high compared to other credit cards, but it’s important to note that this card comes with a range of benefits and perks that can make it worth the cost.
Interest Rates and Charges
The interest rate for the OCBC Premier Visa Infinite Credit Card is 26.88% p.a. This is a relatively high interest rate, so it’s important to pay off your balance in full each month to avoid accruing interest charges. Additionally, if you make a late payment or miss a payment, you may be subject to late payment fees and other charges.
Foreign Transaction Fees
If you use your OCBC Premier Visa Infinite Credit Card to make purchases in a foreign currency, you’ll be charged a foreign transaction fee of 2.8% of the transaction amount. This fee is relatively standard for credit cards in Singapore, but it’s worth keeping in mind if you plan to use your card while travelling abroad.
Managing Your Account
Managing your OCBC Premier Visa Infinite Credit Card account is easy and convenient. With a range of online banking services, billing and payment options, and customer support, you can stay on top of your finances and enjoy the benefits of your card.
Online Banking Services
OCBC provides a range of online banking services that allow you to manage your account anytime, anywhere. With online banking, you can check your account balance, view your transaction history, and manage your credit card bill. You can also set up alerts to notify you of important account activity, such as when your bill is due or when a transaction exceeds a certain amount.
Billing and Payments
Managing your credit card bill is easy with OCBC. You can choose to receive your bill electronically or by mail, and you can pay your bill online, through your mobile device, or at any OCBC branch. You can also set up automatic payments to ensure that your bill is paid on time every month.
Customer Support
If you have any questions or concerns about your OCBC Premier Visa Infinite Credit Card account, you can contact customer support for assistance. OCBC offers a range of customer support options, including phone support, email support, and live chat support. You can also access concierge services through your card, which can assist you with travel arrangements, dining reservations, and more.
Additional Perks
As an OCBC Premier Visa Infinite Credit Card holder, you get access to a wide range of exclusive additional perks. These perks are designed to make your life easier and more luxurious. Here are some of the additional perks you can enjoy:
Airport Lounge Access
Travel in style with your OCBC Premier Visa Infinite Credit Card. You will get complimentary access to over 1,000 airport lounges worldwide with Priority Pass. This means you can relax in comfort and style before your flight, no matter where you are in the world. You can also bring a guest with you for free.
Concierge and Travel Services
Your OCBC Premier Visa Infinite Credit Card comes with a dedicated concierge service to help you with all your travel needs. The concierge service can help you with everything from booking flights and hotels to arranging transport and activities. They can also help you with restaurant reservations and other local recommendations.
Exclusive Banking Services
As an OCBC Premier Banking customer, you get access to a range of exclusive banking services. This includes priority banking services, wealth management services, and investment services. You will also have access to a dedicated relationship manager who can help you with all your banking needs.
Terms and Conditions
If you’re considering applying for the OCBC Premier Visa Infinite Credit Card, it’s important to understand the terms and conditions that come with it. Here’s what you need to know:
Understanding the Fine Print
To be eligible for the OCBC Premier Visa Infinite Credit Card, you must be a Premier Banking client of OCBC Bank and maintain a minimum average monthly deposit balance of S$200,000 (or its equivalent in a foreign currency) with OCBC Bank. This card comes with an annual fee of S$321 (inclusive of GST) and is subject to other fees and charges.
It’s important to note that the terms and conditions of this card are subject to change without prior notice. Therefore, it’s important to keep an eye on any updates to the terms and conditions.
Reward Limitations
The OCBC Premier Visa Infinite Credit Card offers a range of rewards and benefits, but it’s important to understand the limitations that come with them. For example, there are limits to the amount of cashback or miles you can earn in a month or a year. You should also be aware of any blackout dates or restrictions on redeeming rewards.
Furthermore, there are certain transactions that are not eligible for rewards, such as balance transfers, cash advances, and tax payments. It’s important to read the terms and conditions carefully to understand what transactions are eligible for rewards.
Frequently Asked Questions
What exclusive perks do I get with the OCBC Premier Visa Infinite Credit Card?
The OCBC Premier Visa Infinite Credit Card offers a wide range of exclusive perks to its cardholders. Some of these perks include access to over 1,000 airport lounges worldwide, complimentary travel insurance coverage of up to S$1 million, and a dedicated 24/7 concierge service to assist you with your travel and lifestyle needs.
How does the OCBC Premier Visa Infinite card compare to the VOYAGE card in terms of benefits?
Both cards offer a range of benefits, but the OCBC Premier Visa Infinite card is designed for high-income earners who value luxury and convenience. The VOYAGE card, on the other hand, is geared towards frequent travellers and offers a higher earn rate for miles. Ultimately, the choice between the two cards depends on your individual needs and preferences.
Can I access airport lounges with my OCBC Premier Visa Infinite card, and if so, which ones?
Yes, you can access over 1,000 airport lounges worldwide with your OCBC Premier Visa Infinite card. Some of the lounges include Plaza Premium Lounge, SATS Premier Lounge, and The Green Market.
What are the criteria for eligibility to apply for an OCBC Premier Visa Infinite Supplementary card?
To be eligible for an OCBC Premier Visa Infinite Supplementary card, you must be an existing OCBC Premier Banking customer and meet the bank’s minimum income and deposit requirements. The minimum income requirement is S$30,000 per annum, and the minimum deposit requirement is S$200,000.
How do I maximise my rewards with the OCBC Premier Visa Infinite Credit Card?
You can maximise your rewards by using your OCBC Premier Visa Infinite Credit Card for all your spending. You earn 28 OCBC$ for every S$5 spent in foreign currency and 16 OCBC$ for every S$5 spent in Singapore dollars. You can redeem your OCBC$ for miles, cash rebates, and more.
What is the required minimum balance to maintain for OCBC Premier account holders in Singapore?
The required minimum balance to maintain for OCBC Premier account holders in Singapore is S$200,000. This is to ensure that you continue to enjoy the exclusive benefits and privileges that come with being an OCBC Premier Banking customer.
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