Choosing the perfect credit card can be daunting especially when there seems to be an unlimited number of options available. But, the golden rule of credit card shopping is that no one card is the absolute best, and that every card is capable of being the perfect card depending on what you are looking for. OCBC, being the 2nd biggest bank in Singapore, has a quite impressive match up of credit cards worthy of your serious consideration. Among their numerous offerings, we have handpicked 4 cards that we regard as leaders in their respective categories. To find out which card might be ideal for you, please read further below.
Each of these OCBC cards are unique and provide excellent benefits. Dollar value, while important, is not the only factor that should weigh in credit card selection. Read our reviews below to learn which one best suits your circumstances.
|Best OCBC Cards||Annual Fee||*2-Year Dollar Value|
|OCBC 365 Card||S$160.5||S$1,970|
|OCBC Titanium Card||S$192.6||S$1,747|
|OCBC Frank Credit Card||S$90.0||S$1,228|
|OCBC Voyage Card||S$488.0||S$342^|
Just as the name suggests, OCBC 365 Credit Card is an ideal card for everyday. It provides superb rebates on many categories like dining (6%), grocery (3%), petrol (22%), online shopping (3%) and utilities (3%). These essentially covers most of everyone's daily essentials. This card is also quite accessible because its fee waiver for anyone spends more than S$5,000 per year.
Pros of OCBC 365 Card
- Annual fee waived for 2 years and subsequently waived for annual spend of only S$5,000
- A well rounded mix of high rebates on essential categories for families including:
- Up to 6% on dining
- 3% on online shopping
- Up to 22.2% on petrol
- 3% on groceries
- 3% on recurring utility 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
OCBC Frank Card: Earn Rewards on Indulgence Expense
OCBC Frank Card is an awesome cashback card for people who like to indulge themselves. Even its design caters to everyone's whims, with 120 unique card designs ranging from teddy bears to racing cars. Its rewards include 6% on online expense and up to 5% on entertainment expenses to help you save on shopping and leisure. Its super low annual fee of S$90 is waived for 2 years, and subsequently waived low spending requirements of S$5,000 per year. This card clearly is laser focused on making you happy.
Pros of OCBC Frank Card
- Low annual fee of S$90, waived for 2 years and subsequently waived for annual spend of over S$5,000
- 14% off on petrol at Caltex & Esso stations
- 6% rebate on all eligible online spend, including online shopping, travel bookings and food delivery orders
- 5% rebate on all entertainment expenses on weekends, 3% on weekdays
Cons of OCBC Frank card
- Low monthly cap on rebate of S$60
- 3% cashback on auto top-ups are limited to 2 times
OCBC Voyage is one of the latest additions to the travel rewards card market. It targets customers who have high spending power but are always busy with unpredictable schedule. It is the only miles rewards program we've seen that allows you to redeem miles for any flight at any time, without a long process time or blacked out dates. This feature is quite ideal for young professionals who cannot predict their work schedule weeks in advance. Although it has a rather high annual fee of S$488, OCBC Voyage more than makes up for the fee with 2.3 miles award for S$1 spent on local dining and overseas. Given these charactersistics, think this card is ideal for busy professionals or for luxury diners.
Pros of OCBC Voyage
- High miles award especially for dining, at 2.3 miles for S$1 spent overseas or on local dining, All other spend receives 1 mile per S$1 spent
- Flexible miles redemption program that allows you to book any flight you want at anytime
- Perks like unlimited VIP lounge access and free airport limo service and drink specials
- Slick metal design
- Welcome bonus of 15,000 miles and ability to buy 150,000 KrisFlyer Miles for S$3,210 (S$0.02 per mile)
Cons of OCBC Voyage
- High annual fee of S$488, no waiver
- Not as much luxury perks as other luxury cards like Citi Prestige MasterCard Credit Card or Standard Chartered Visa Infinite Card
OCBC Titanium MasterCard Credit Card: Honorable Mention
In our opinion, OCBC Titanium is a decent air miles card designed for frequent travelers with low income combined with a very basic, middle of the road benefits. Although it has its own bright spots, we think you can do much better than this card regardless of your needs and income/spending level. Unless your budget constrains you such that you plan to spend almost exactly S$1,500 a month and can’t afford to pay an annual fee, we think there are other cards that might better suit your needs, like Citi PremierMiles Card and HSBC Advance Cards.
Pros of OCBC Titanium MasterCard Credit Card
- 2 year annual fee waiver, with subsequent years waived with annual spend of S$10,000
- 1 mile for every S$1 spent locally, 2 miles for every S$1 spent overseas
Cons of OCBC Titanium MasterCard Credit Card
- S$1,500 monthly spend requirement to enjoy high benefits
To help you find your ideal rewards card, we have compared an contrasted each of the OCBC cards with similar cards from other banks. Most of these cards offer fantastic rewards in that cater to people with different needs.
OCBC 365 vs POSB Everyday
POSB Everyday card one of the best cashback cards in the market, and it's quite ideal for every day use. In a way, it's a more expensive version of OCBC 365. Its grocery cashback of 5% at Sheng Siong is higher than OCBC's, and it also provides rebates on petrol up to 20.1%. It is also currently running a promotion of 9% rebate on weekend dining (3% on weekdays). While the dining rebate offer lasts until 31 October 2016, we think POSB will likely continue the rebate at a lower rate around 5-6%. 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. However, POSB Everyday does cost more because its S$128.4 of annual is only waived for the first year. We think highly of both cards, and would recommend making the decision based on your tolerance for annual fees.
OCBC 365 vs Citi Cashback
Citi Cashback Card is a great card for maximizing discounts on food. While some cards only offer rebates on dining or groceries, Citi Cashback card offers 8% discount on both. 8% is also on the very top end of rewards rates for these categories. While OCBC 365 has a more comprehensive list of benefits, we think Citi Cashback could be a better choice for people whose expenses skewered towards taking care of meals in and out of their homes.
OCBC Voyage Card vs Citi Prestige MasterCard Credit Card
Citi Prestige MasterCard Credit Card is a great luxury travel card. First of all, if you are a Citigold member, Citi Prestige card will provide much better benefits for you than OCBC Voyage. While it has a slightly higher annual fee than OCBC Voyage (S$535 vs S$488), its 25,000 annual bonus award miles actually make Citi Prestige the card cheaper to use. One of the biggest differences between the two cards, in our opinion, is the reward focused on travel and dining. Most mile award programs have specific flights blacked out and require you to book in weeks or months in advance, Citi Prestige is not an exception. OCBC Voyage Card is unique in that it provides a much easier way of redeeming miles via its “anytime and any flight” redemption program. Also, if your expense is concentrated around dining, OCBC Voyage can earn miles faster for you than Citi Prestige. However, if you are looking for a more versatile and well-rounded luxury travel card to use on all your expenses, Citi Prestige MasterCard Card could be a better fit for you since it provides 1.3 miles per S$1 spent locally vs OCBC's 1 mile per S$1 offer.
OCBC Voyage Card vs Standard Chartered Visa Infinite Credit Card
Standard Chartered Visa Infinite Card is quite similar to Citi Prestige MasterCard Credit Card. However, Standard Chartered Visa Infinite has its own unique perks. Standard Chartered Visa Infinite is the most expensive card we have reviewed, with an annual fee of S$588.5 (S$100 than OCBC Voyage). Also, its flat rate mile award is extremely high at 1.4 miles for local spend and 3 miles for overseas spend, even more generous than Citi Prestige. Given this we think Standard Chartered Visa Infinite Credit Card is ideal for frequent business travelers who spend a lot of time overseas; it may be rather difficult to benefit from the 3 miles per S$1 award extensively for others. Because miles used for short haul to long haul business class tickets are valued somewhere around S$0.03 to S$0.06, an overseas expenditure of S$5,000-S$10,000 per year can yield S$450 to S$1,800 of value from air miles.
OCBC Voyage Card vs UOB PRVI Miles American Express Card
UOB PRVI Miles American Express Card provides an alternative method of earning luxury-rate award miles without the high annual fee. UOB PRVI Miles American Express Card's 1.4 miles per S$1 spent locally and 2.4 miles per S$1 spent overseas matches the top offers from other luxury cards. However, it costs an annual fee of only S$256.8 (waived for 1st year) to use compared to OCBC's S$488. Its travel mile award is actually better than other luxury cards at 6 miles per S$1 spent on travel booking. One downside of this card, though, is that its miles expire every 2 years, and it tends to lag on travel perks like free lounge access and hotel benefits. Lastly, OCBC Voyage Card definitely has a richer bonus that awards 150,000 miles for a payment of S$3,210 (2 cents per mile), as opposed to UOB PRVI Miles Card that requires you to spend S$50,000 a year (over S$4,000 a month) to earn bonus 20,000 miles (about S$2 per mile), a hefty budget for most people who would be sensitive to annual fees.
OCBC Titanium vs Maybank Horizon card
Maybank Horizon Card is an excellent travel card for those with low budget. It waives its S$150 annual fee for people who spend S$12,000 per year on the card, not a high bar for most people. It also has a rich award program that offers 2 miles per S$1 spent on travel bookings and overseas. Currently, they also have a great promotion that rewards 2 miles for S$1 spent on dining and petrol on weekends. Unlike OCBC Titanium, it's very easy to use because there’s no minimum monthly spend requirement. We think Maybank Horizon will add more value to people who spend considerable portion of their time and money overseas but have limited budget of around S$1,000 a month.
OCBC Titanium vs HSBC Advance Visa card
HSBC Advance Visa Card is another excellent travel card for those with low budget. It is actually the only miles card that we have reviewed with out an annual fee. Being free, however, doesn’t mean its benefits are subpar. HSBC Advance has a rich award system of 4 miles per S$1 spent on online, on dining and on entertainment. While all other spend only gets 0.4 miles, we think HSBC Advance’s set of rewards is still one of the best available because it addresses some of the biggest spending areas for an average consumer. Unlike OCBC Titanium, there’s no minimum monthly spend that qualifies you for the award. If you have a limited budget, want to avoid annual fees, but still want to enjoy crazy benefits, we think HSBC Advance Visa card will add more value to than OCBC Titanium.
OCBC Titanium vs DBS Altitude card
DBS Altitude is an excellent travel card for an average consumer. Its award of 1.2 miles and 2 milse for S$1 spent locally and overseas, respectively, is on par with Citi PremierMiles card (one of our favorites). While this is already better than OCBC Titanium's rewards, DBS Altitude adds additional travel benefits like 3 miles per S$1 spent on online travel bookings and complimentary lounge access. The annual fee, while higher at S$192.6, is waived for anyone who maintains an annual spend of S25,000 or more (S$2,000 a month). Given this, we think DBS Altitude can be a lot more rewarding than OCBC Titanium for average consumers who spend around S$2,000 monthly.
*ValuePenguin 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 ValuePenguin's alone, and have not been reviewed, approved or otherwise endorsed by the credit card issuer.
^This dollar value is calculated based on S$4,000 of monthly spending.