Get up to S$490 Cashback with Recurring Insurance Premium Payments on OCBC 365 Credit Card

The OCBC 365 Credit Card is one of the best cashback credit cards in Singapore, allowing you to earn up to 6% cash rebate on online food deliveries or eligible dining spend (when we can dine-out) each month. You can also earn bonus cashback on other categories like groceries, petrol, utilities, and land transport on this card. From now until 31 July 2021, cardmembers can also earn up to S$120 cashback on recurring insurance premium payments (a category of spend that is typically excluded from credit card rewards in Singapore) if they are amongst the first 5,000 eligible customers. Additionally, new-to-card OCBC customers can also earn an additional S$250 cashback with the OCBC 365 Credit Card – read on to find out more!

Click HERE to sign-up for the OCBC 365 Credit Card today and start earning up to 6% cashback!

Photo Credit: OCBC

The OCBC 365 Credit Card is an everyday cashback card that allows you to get the most out of your everyday spending. While the card typically awards a base cashback rate of 0.3% on everything, cardholders will be able to enjoy up to 6% cashback on selected categories of spend when they spend at least S$800 in a calendar month:

• Online Food Deliveries or Dining* - 6%

• Petrol - 5%

• Groceries, Utilities, Land Transport, and Online Travel - 3%

• Others - 0.3%

* Note: Dining-out in Singapore is currently prohibited due to Phase 2 (Heightened Alert).

The total cashback that a cardmember (including all supplementary cardholders, if applicable) can earn in a calendar month is S$80. To make the most out of the OCBC 365 Credit Card, you should use it on categories of spend where you will earn the most cashback for (e.g. online food delivery or when dining out is allowed again) - do remember that a minimum spend of S$800 on the card (regardless of spend categories) is required, in order to trigger the respective bonus cashback amounts.

For a limited time only, eligible new OCBC card customers will be able to earn up to S$490 cashback over two months when they use the OCBC 365 Credit Card for recurring insurance premium payments and eligible food expenses - more information in the respective sections below!

Get up S$120 Cashback on Recurring Insurance Premium Payments

Be amongst the first 5,000 successful customers to register for the OCBC 365 Insurance Campaign to earn up to S$120 cashback on recurring insurance premium payments - this is a spend category that is typically excluded in the terms and conditions of credit cards in Singapore.

Do note that you will have to register for this promotion via SMS by 31 July 2021. You will know upfront if you qualify for this offer as you will receive an SMS from OCBC Bank confirming successful registration if you are a successful registrant.

This is how you register for the aforementioned promotion:

• Register via SMS to 72377 with: 365IC<space>Last 6 digits of your OCBC 365 Credit Card (e.g. 365IC 123456).

Recurring Insurance Premium Payment (Minimum of 2 Consecutive Months)	Bonus Cashback
S$500 to S$999.99	S$80
At least S$1,000	S$120

Upon successful registration, you must set a recurring payment of a minimum of S$500 (for S$80 cashback) or S$1,000 (for S$120 cashback) on insurance for at least 2 consecutive months before 31 July 2021 on your OCBC 365 Credit Card. This bonus cashback will be awarded on top of the monthly maximum cashback of S$80, to all eligible customers who meet the aforementioned spend requirements.

Get S$250 + S$120 Cashback for New Customers

Photo Credit: OCBC

If you do not currently hold an OCBC Credit Card as a principal cardholder and have not held one in the last 12 months, you will be eligible for a bonus cashback pay-out of up to S$250 when you are amongst the first 800 customers to apply and get approved for the OCBC 365 Credit Card by 31 Jul 2021. Do note that a minimum spend of S$1,000 per month is required for the first two consecutive months after card approval. While the bonus of S$250 cashback is already an impressive deal since it offers a 12.5% cash rebate, this is accorded on top of what the OCBC 365 Credit Card awards.

	Spend Amount (Eligible Dining Transactions)	Cashback Awarded	New Customer Bonus	Total Cashback (New Customer)
First Month	S$1,000	S$60	S$125	S$185
Second Month	S$1,000	S$60	S$125	S$185

To fully maximise this deal, you should spend the S$1,000 each month on online food delivery or dining, if you can - the spend amount will trigger the 6% bonus cashback (since it is above the minimum spend requirement of S$800), and it will earn you S$60 cashback each month, giving you a total of S$120 cashback over two months.

Getting S$370 bonus cashback from spending S$2,000 is effectively an 18.5% cashback and this is definitely a golden opportunity that you do not want to miss.

A Rare Opportunity to Earn S$490 Cashback Over Two Months

If you are an eligible new-to-card OCBC customer, applying for the OCBC 365 Credit Card now can earn you up to S$490 cashback over two months:

●     S$120 bonus cashback from recurring insurance premium payments;

●     S$250 bonus cashback for eligible new customers who spend S$1,000 per month for two consecutive months after card approval; and

●     S$120 bonus cashback from spending the S$1,000 each month on online food deliveries or dining (6% cashback)

As mentioned earlier, insurance premium payments are generally excluded from most credit card rewards, and therefore, it is almost impossible to earn points or cashback from these transactions on a normal day. Being able to get up to S$120 cashback from just two months of recurring premium payments is a rare opportunity that should not be passed up lightly.

 This post was created in collaboration with OCBC, but opinions remain those of The Shutterwhale.