OCBC 365 Credit Card
- APR
- 27.9% – 27.9%
- Annual Fee
- $194.40
- Rewards
- Up to 6.0%
The OCBC 365 Credit Card offers up to 6% cashback on dining, 3% on groceries, and 3% on online purchases, making it ideal for everyday spending.
You'll be redirected to ocbc.com
Our Verdict
This card rewards frequent diners and grocery shoppers effectively, but its high annual fee may deter some users.
Pros
- Up to 6% cashback on dining
- 3% cashback on groceries and online purchases
- No annual fee with conditions
- Visa card network
- Flexible cashback usage
Cons
- S$194.40 annual fee unless waived
- High APR of 27.9%
- 0.3% cashback on all other purchases
- Limited overseas benefits
- Requires minimum spending to maximise rewards
For those who eat out often, the 6% cashback on dining is quite appealing. This card truly shines for regular diners and grocery shoppers, making it a valuable tool for cash back. The 3% cashback on groceries and online purchases is also a plus, although it does drop to 0.3% for everything else.
With an annual fee of S$194.40, it's important to meet the criteria for waiving it. Users must be mindful of the 27.9% APR, which can quickly add up if balances aren't paid in full. This feature makes the card less suitable for those who may carry a balance.
Compared to alternatives like the DBS Live Fresh Card, which offers 5% cashback for online spending without an annual fee, the OCBC 365 can be more expensive if you don't frequently utilise the cashback categories. According to the issuer's site, if you spend adequately on dining and groceries, you can offset the fee, but it requires careful budgeting to maximise benefits.
Who It's For
Ideal for cashback seekers who regularly dine out and purchase groceries, but not for those who carry balances or prefer broader reward categories.
Watch Out
The high APR makes this card unsuitable for those who carry a balance month to month.
Summary
The OCBC 365 Credit Card is a strong contender for cashback on dining and groceries, but potential cardholders should weigh the annual fee and high APR.
Best For
Best for individuals who frequently dine out and shop for groceries, looking to earn cashback on everyday purchases.
You'll be redirected to ocbc.com
What Customers Say
Cardholders appreciate the high cashback rates on dining but express concerns about the annual fee and interest rates.
