OCBC YES! Debit Card (Also an ATM Card) Offers 1% Rebate on Selected Categories (No Cap) - S$15 Bonus Rebate for New Customers

The OCBC YES! Debit Card allows you to earn a 1% rebate on all your daily Visa spend across selected categories. From 01 May 2020 to 30 June 2020, eligible new OCBC Debit cardholders will be able to earn a S$15 rebate with a minimum spend of S$300 (essentially a 5% cashback) during the promotional period.

Click HERE to sign-up for the OCBC YES! Debit Card (no annual fee)!

Photo Credit: OCBC Bank

The S$15 bonus rebate is only applicable to new OCBC Debit cardholders who sign-up during the aforementioned promotional period - the applicant must not be holding any OCBC Debit Card and have not held an OCBC YES! Debit Card in the last six months. In addition to that, eligible new cardholders must also make at least S$300 worth of qualifying spend during the promotional period.

Photo Credit: OCBC Bank

All OCBC YES! Debit Cardholders will be able to enjoy a 1% rebate on eligible spend across selected merchants and categories when they charge at least S$400 worth of Visa spend each calendar month (based on the date of posted transaction):

• Transport

• Online

• Convenience Store

• Fast Food

Photo Credit: OCBC Bank

While it is safe to say that the perks of the OCBC YES! Debit Cardholders cannot quite compare to those offered by credit cards (e.g. OCBC 365 Credit Card offers up to 6% cashback on eligible spend), the 1% rebate on eligible spend with this card is still a nice benefit to have considering how the card does not require any minimum annual income for Singaporeans, PRs and foreigners. Additionally, the OCBC YES! Debit Cardholders also doubles as an ATM Card and it does not have an annual fee (for cards approved from 1 November 2012) so you do not have to worry about getting a fee waiver each year.