OCBC Rewards Card Review (2024)

Here’s our review of the OCBC Rewards credit card issued in Singapore. It forms part of our series of credit card reviews, which are all summarised on our dedicated Credit Cards page.

Dollar amounts refer to SGD, and ‘miles’ refer to KrisFlyer Miles, except where stated. This review was updated on 8th April 2024.

The recent shift to a monthly spend cap for 4 mpd on selected shopping spend, from its former generous annual limit, has significantly limited the use case for the OCBC Titanium Rewards card, now rebranded simply the ‘OCBC Rewards’ card.

A removal of electronics stores, Courts and IKEA spend from the bonus list was salt in the wound for many, so does the product now offer anything you can’t get with other cards on the market in Singapore?

Let’s take a look.

Pros	Cons
First two years fee waiver 4 mpd on up to $1,110 of selected spend 6 mpd on up to $1,000 spend at selected retailers 9 FFP and hotel loyalty partners	Limited 4 mpd bonus category Monthly bonus cap (was annual) $5 earning blocks Only four transfer partners at decent ratios

The OCBC Rewards card was previously known as the OCBC Titanium Rewards card, which came in two varieties – a blue one and a pink one.

It was therefore possible to apply for and hold both cards and enjoy double the monthly spend cap ($2,220 instead of $1,110) in the 4 mpd category.

Unfortunately since this product was rebadged the OCBC Rewards card, there is only one version you can apply for.

If you’re holding both of the OCBC Titanium Rewards cards, you’ll still be able to use them both at least until the first one expires.

• Minimum Age: 21
• Minimum Income (Singaporean / PR): $30,000/yr
• Minimum Income (Non-Singaporean / PR): $45,000/yr

The OCBC Rewards card has an annual income requirement of $30,000 for most applicants, an accessible entry-level threshold for Singaporeans and Permanent Residents, making it widely accessible.

• Annual Fee (principal): $196.20 (first two years free)
• Annual Fee (supplementary): $98.10 (first two years free)

The OCBC Rewards card has an annual fee of $196.20, however this is waived for the two years. The supplementary card fee of $98.10 per card is also waived for the first two years.

Thereafter (in year three onwards), provided you charge at least $10,000 to the card within your subsequent membership years (i.e. each 12-month period from your card issue anniversary date), the annual fee continues to be waived.

Pro Tip: Since there is no specific additional benefit like extra miles or points for paying the annual fee each year (after the second year), you should always call and ask OCBC for a waiver, since the worst they can say is no.

Other fees and interest rates for the OCBC Rewards card include:

• EIR: 27.8%
• Interest-free period: 23 days
• Minimum payment: 3% (or current balance if < $50)
• Late payment fee: $100
• Cash advance fee: 8% (minimum $15)
• Overlimit fee: $40
• FCY Fee: 3.25%

There is no sign-up bonus currently running for the OCBC Rewards card.

The OCBC Rewards card earns:

• 0.4 mpd for general local and overseas spend

Clearly the basic earn rate is very poor and to be avoided, with a range of entry-level cards in Singapore offering 1 to 1.5 mpd for general local spending and at least 2 mpd expected for overseas spend.

You should not be using the OCBC Rewards card for general spending outside the bonus categories (see entry-level general spend cards like the Citi PremierMiles, DBS Altitude or UOB PRVI Miles for good general spend earn rates).

The OCBC Rewards card earns:

• 4 mpd on specific shopping transactions
• 6 mpd at selected retailers (rotates every three months)

These two enhanced earn rates are the key to this card, great miles accrual of course – especially locally.

These bonus rates are capped at the first $1,110 spent in these categories combined per calendar month, so for example you’re limited to earning a maximum of 4,440 miles per calendar month at the 4 mpd rate.

After that, further spend in the same statement month will earn the (very low) 0.4 mpd, though this is then unlimited.

This card’s enhanced 4 mpd earn rate is only applicable on the following transactions, either in Singapore (i.e. transacted in SGD) or overseas (i.e. transacted in foreign currency):

• Duty Free stores
• Clothes, shoes and bags
• Department stores
• Sporting goods
• Babies’ and children’s wear
• Pharmacies
• Additional specific eligible merchants (see below)

Here’s the full list of Merchant Category Codes (MCCs) which do qualify for 4 mpd (10 OCBC$ per $1 spent) both locally and overseas, including for online transactions:

4 mpd Eligible MCC List
	Eligible MCCs	Example Merchants
	MCC 5309 Duty Free Stores	King Power, KrisShop, Lotte Duty Free, Shilla Duty Free
	MCC 5311 Department Stores	Isetan, Marks & Spencer, Metro, Takashimaya, TANGS
	MCC 5611 Men’s and Boys’ Clothing and Accessories Stores	Benjamin Barker, Christian Louboutin, Edit Suits, Timberland
	MCC 5621 Women’s Ready to Wear Stores	bYSI, Her Velvet Vase, In Good Company, Klarra, Mothercare, Yacht 21, Zara
	MCC 5631 Women’s Accessory and Specialty Stores	Hermes, Love Bonito
	MCC 5641 Children’s and Infants’ Wear Stores	Cotton On Kids, Kiddy Palace, Kids21, Pupsik Studio
	MCC 5651 Family Clothing Stores	ASOS, Burberry, Club 21, Uniqlo
	MCC 5655 Sports Apparel and Riding Apparel Stores	Adidas, Lululemon, Nike, On Running
	MCC 5661 Shoe Stores	ALDO, Charles & Keith, Foot Locker, Cole Haan, Onitsuka Tiger, Skechers
	MCC 5691 Men’s and Women’s Clothing Stores	G Star Raw, G2000, H&M, Prada, Pull & Bear, Suitsupply, Zalora
	MCC 5699 Miscellaneous Accessory and Apparel Stores	CarouPay, Chanel, Cotton On, Ferragamo, Qoo10, Reebonz
	MCC 5941 Sporting Goods Stores	Decathlon, FILA, New Balance, Outdoor Life, PUMA
	MCC 5948 Leather Goods and Luggage Stores	Bottega Veneta, Bynd Artisan, Coach, Louis Vuitton, Rimowa, Zero Halliburton

Additionally, all transactions at the following merchants are confirmed by OCBC to qualify for the 4 mpd (10 OCBC$ per $1 spent) earn rate:

4 mpd Eligible Merchant List
Alibaba	Mustafa Centre^
AliExpress	NTUC Unity
Amazon^	Qoo10
Daigou	Shopee*
Ezbuy	TaoBao
Guardian	TikTok Shop
Lazada	Watsons

^ Except transactions that fall under MCC 5411, including Amazon Fresh
* Except Shopee Pay transactions under MCC 5262

If you’re wondering where computer and electronic stores like Apple, Harvey Norman and Best Denki, plus specific merchants Courts and IKEA have gone, they unfortunately were also culled as 4 mpd merchants for this card back in November 2023.

Nonetheless there were some useful additions at that time too, including Duty Free Stores like KrisShop and KrisShop via Kris+ purchases. There were also some sports and luggage stores added to the list, plus specific named pharmacies Guardian, NTUC Unity and Watsons.

If you’re making a purchase with your OCBC Rewards card that’s not with one of the specifically named merchants, you’ll need to be confident that it falls under an eligible MCC.

If you’re unsure, we recommend making a small ‘test purchase’ first.

You can then call OCBC (or send a secure message via online banking) as soon as the purchase is posted to your account to check which MCC it will be processed under (and therefore whether it will be eligible for the 4 mpd rate); there is no need to wait until the end of the following month to find out.

Every three months, OCBC offers 15 OCBC$ per $1 spent, or 6 mpd earning, on spend at specific “popular retailers”.

For example, from 1st January 2024 to 31st March 2024, cardholders received this enhanced earn rate at TANGS & SHEIN.

Now for the second quarter of 2024, between April and June, transactions made at Watsons pharmacy, duty-free stores, and department stores are included in the deal, which we’ve covered in full detail here.

This is in the form of a bonus 2 mpd (25 OCBC$ per S$5 spend block), on up to S$1,000 of spend in a calendar month (cap of 5,000 bonus OCBC$).

If you are still within your S$1,110 monthly spend cap for the card’s bonus 4 mpd spend categories (50 OCBC$ per S$5 spend block), the two rewards amounts are aggregated, for a total of 75 OCBC$ per S$5 spend, or 6 mpd.

Nonetheless if you are already hitting that level at different merchants each month, you can still get 2 mpd at these stores on a further S$1,000 spend, which is better than you’ll get using general spend cards.

New bonus miles promotion merchants are due to be featured in each quarter of 2024, so watch out for the Q3 offer.

The OCBC Rewards card (formerly the Titanium Rewards cards) previously offered an annual bonus cap, rather than a monthly one, but this changed last year.

For spend made from 1st November 2023, OCBC Rewards cardholders now have their bonus 4 mpd spend capped at 10,000 OCBC$ per calendar month, rather than the previous 120,000 OCBC$ per card membership year.

Period	Bonus OCBC$	Spend equivalent
Until 31 Oct 2023	120,000 per membership year	$13,335 per membership year
Since 1 Nov 2023	10,000 per calendar month	$1,110 per calendar month

That means the maximum spend in the 4 mpd category is now $1,110 per calendar month, compared to $13,335 per card membership year.

It was a very negative change for the card, since it severely impacts your ability to take advantage of the higher earning rate for a large one-off purchase – a ‘big ticket’ item like furniture or an electrical appliance.

It also effectively reduces the realistic annual bonus points cap for this card.

While before it was relatively easy to hit the annual 120,000 OCBC$ cap, then simply stop spending on the card, since November 2023 you now have to transact exactly $1,110 in the bonus categories in each calendar month 12 times in a row to do so.

That’s something you are unlikely to be able to achieve precisely, even with careful planning.

Effectively this guarantees OCBC will have to shell out fewer bonus points overall to Rewards card customers each year.

The following spend categories won’t earn any rewards points with this card, under OCBC’s exclusion list for OCBC$ issuance (click to expand).

OCBC spend exclusion categories By Merchant Category Code (MCC) MCC Description 4784 Tolls and Bridge Fees 4829 Wire Transfer Money Orders (WTMOs) 4900 Utilities–Electric, Gas, Heating Oil, Sanitary, Water 5047 Medical, Dental, Ophthalmic and Hospital Equipment and Supplies 5199 Nondurable Goods (Not Elsewhere Classified) 5262 Marketplaces (only for Shopee Pay) 5960 Direct Marketing Insurance Services 5993 Cigars Stores and Stands 6010 Banks - Manual /Automated Cash Disbursement 6012 Member Financial Institution–Merchandise And Services 6051 Quasi Cash–Merchant (Non-Financial Institutions – Foreign Currency, Non-Fiat Currency, Cryptocurrency) 6211 Securities–Brokers and Dealers 6300 Insurance Sales, Underwriting and Premiums 6513 Real Estate Agents and Managers–Rentals 6540 Non-Financial Institutions – Stored Value Card Purchase/Load 7349 Cleaning, maintenance and janitorial services 7523 Automobile Parking Lots and Garages 7995 Gambling - Betting, including Lottery Tickets, Casino Gaming Chips, OffTrack Betting, and Wagers at Race Tracks 8062 Hospitals 8211 Schools, Elementary and Secondary 8220 Colleges, Universities, Professional Schools and Junior Colleges 8241 Schools, Correspondence 8244 Schools, Business and Secretarial 8249 Schools, Trade and Vocational 8299 Schools And Educational Services–Not Elsewhere Classified 8398 Organizations, Charitable and Social Service 8651 Organizations, Political 8661 Organizations, Religious 8675 Automobile Associations 8699 Labor Union 9211 Court Costs Including Alimony and Child Support 9222 Fines 9223 Bail and Bond Payments 9311 Tax Payments 9399 Government Services–Not Elsewhere Classified 9402 Postal Services–Government Only 9405 Intra-Government Purchases–Government Only Other Transactions Any top-ups or payment of funds to prepaid accounts and merchants who are categorized as “payment service providers” (including but not limited to GrabPay, Youtrip, Shopee Pay and Singtel Dash) Payments of membership fees to clubs and associations (including country clubs) NETS Flashpay Top-ups, Ez-Link Top-ups and Transit Link related transactions Source: OCBC Rewards Card T&C

Importantly, OCBC excludes categories such as utilities, insurance premiums and education payments from miles earning.

GrabPay top-ups are also excluded, while payments made through providers like CardUp or ipaymy won’t earn bonus points.

Pairing your OCBC Rewards card with a free Amaze card by Instarem will earn 4 mpd, subject to your spend being in a bonus earn category.

Note that you can tap and pay for bus and train rides in Singapore using your OCBC Rewards card and earn 1 OCBC$ per $1 spent (0.4 mpd). However, there are usually better offers for these transactions with other cards, including the DBS Altitude (1.2 mpd) and the UOB Lady’s Card (4 mpd).

No, rather than being credited miles directly you’ll accrue ‘OCBC$’ for your spending on this card.

These transfer to KrisFlyer miles at a 2.5:1 ratio (so the standard accrual rate is 1 OCBC$ per $1 spent, which translates to 0.4 mpd, and the bonus rate is 10 OCBC$ per $1 spent, which is 4 mpd).

For example, with a $1,000 eligible online spend (10x rewards points) per month over five months ($5,000 total spend), you’ll accrue 50,000 OCBC$ with this card, which can be converted to 20,000 KrisFlyer miles (4 mpd).

Historically, OCBC only supported transfers into KrisFlyer miles from its credit card points in Singapore, but the bank finally emerged from those ‘dark ages’ back in July 2023, albeit seven months later than originally planned.

This added eight new transfer partners to the bank’s repertoire, offering nine in total, though the bad news is that the variable transfer ratios make the value quite lousy for most of them.

Here’s how it looks.

OCBC Transfer Partners
(March 2024)

Longstanding Option	OCBC$ : Miles
Singapore Airlines KrisFlyer	25:000 : 10,000 (equivalent to: 10,000 : 4,000)
New Options	OCBC$ : Miles
Air France-KLM Flying Blue	10,000 : 4,000
IHG One Rewards	10,000 : 4,000
Marriott Bonvoy	10,000 : 4,000
British Airways Executive Club	10,000 : 3,600
Etihad Guest	10,000 : 3,600
Cathay Pacific Asia Miles	10,000 : 2,900
United MileagePlus	10,000 : 2,800
Accor Live Limitless	10,000 : 2,000

The good news for Flying Blue, IHG and Bonvoy programmes is that the normal full transfer ratio applicable to KrisFlyer miles is also in play for OCBC cardholders, though these schemes don’t really offer many valuable options for most of our Singapore-based readers.

British Airways Avios transfers (and indirectly, Qatar Airways Privilege Club ones) and Etihad Guest both take a 10% hit on the transfer ratio – you’ll get 3,600 points or miles where you’d normally get 4,000 miles.

Asia Miles and United MileagePlus are poorer ratios still, and Accor is a pure cashback option offering a fixed redemption value of EUR40 (around $58) per 2,000 points, only worth considering if you think KrisFlyer miles are worth less than 1.45 cents each.

Of all the new partners, the transfer ratio for Asia Miles was the most surprising change, with a 27.5% haircut compared to KrisFlyer.

Every bank in Singapore offers credit card points transfers to Asia Miles, and in all other cases the transfer ratio is just the same as it is to KrisFlyer. Quite how OCBC thinks its customers will accept a 27.5% hit on their points for the same thing is beyond us!

Overall it means that while OCBC now boasts a strong partner list, most of them are useless because they would mean effectively sacrificing your earn rate compared to a KrisFlyer transfer.

You can see how OCBC’s transfer partner list compares to other banks in Singapore at our regularly updated guide here.

Yes, the minimum volume of miles you can transfer into KrisFlyer is 10,000, and they must then be in blocks of 10,000.

In other words every block of 25,000 OCBC$ can be converted into 10,000 KrisFlyer miles, then your next option is 50,000 OCBC$ into 20,000 KrisFlyer miles, and so on.

If you’re transferring into another partner programme, a minimum transfer of 10,000 OCBC$ applies, with subsequent ‘blocks’ of 1,000 OCBC$ after that (e.g. 11,000 OCBC$, then 12,000 OCBC$, etc…).

You are initially awarded 0.4 mpd (1 OCBC$ per $1) on all spending with this card when it is first posted to your account, typically within three days of the transaction.

The additional 3.6 mpd (9 OCBC$ per $1), or the additional 5.6 mpd (14 OCBC$ per $1) for bonus category spend is credited, provided the spend was eligible and within your monthly cap, by the end of the following month.

For example:

• You make a purchase at Qoo10 on 15th April 2024 (transaction date), which is posted to your account on 17th April 2024. The remaining 9 OCBC$ will be credited in the following month (May 2024) since both the transaction date and posting date falls within the month of April.
• You make a purchase at Guardian on 29th April 2024 (transaction date), which is posted to your account on 2nd May 2024. The remaining 9 OCBC$ will be credited two months after the transaction month (June 2024), since the transaction did not post to your account until May 2024.

Unlike the Citi Rewards card, you must wait until the following month to see bonus points credited. That’s not ideal if you’re making a purchase to achieve a short-term OCBC$ top-up, to meet the next redemption threshold, for example.

Yes, OCBC$ are valid for two years from the month of accrual. In other words they will expire on the last day of the month 24 months after the month in which they were earned in your rewards account.

For example, OCBC$ earned between 1st July 2024 and 31st July 2024 will expire on 31st July 2026.

Once transferred to KrisFlyer miles, they will then have a further three years validity, while validity for transfers to other partners will be dictated by that respective programme’s terms and conditions.

If you hold other OCBC cards that earn OCBC$, your points earned on the Rewards card will pool together with those when it comes to redemption.

Unfortunately, that’s not the case if you’re holding OCBC cards that earn other currencies like the 90°N card (which earn Travel$) or the Voyage card (which earn Voyage Miles).

Those cannot be combined with OCBC$ at the redemption stage.

It’s the same for all nine transfer partners which are part of the programme, $25.00 each time you transfer OCBC$ to airline miles (like KrisFlyer miles) or hotel loyalty points.

OCBC quotes “up to 15 working days” as the timescale for transferring their reward points to KrisFlyer miles, which is achieved via OCBC’s standard Rewards portal. That’s a ridiculously long wait – basically three weeks.

The good news is that it doesn’t actually take that long. In reality transfers take just 24 hours.

That’s not a bad turnaround, especially if you are looking to jump on a flight redemption that’s currently available – it even makes it onto our list of instant and quick KrisFlyer transfer options.

If you’re transferring to one of OCBC’s other partners, this is achieved via the bank’s STACK Portal, by selecting “Points Exchange” after you log in.

In these cases – transfers are instant, with the exception of Accor Live Limitless, which takes a few days.

Since June 2020, this card adopted $5 earning blocks, which adversely affects its true earn rate for smaller transactions.

Individual transactions are rounded down to the next $5 before being assessed for OCBC$ earning, and that means no points or miles at all are awarded for smaller transactions of up to $4.99.

For example, take three local (SGD) transactions at the basic earn rate (i.e. not in a 4 mpd category), therefore accruing 0.4 miles per dollar (5 OCBC$ per $5 spent).

• $9.98 = $5 (rounded down) x 1 = 5 OCBC$ = 2 miles
• $67.73 = $65 (rounded down) x 1 = 65 OCBC$ = 26 miles
• $249.85 = $245 (rounded down) x 1 = 245 OCBC$ = 98 miles

Here’s how those transactions look at the 10x bonus earn rate of 4 mpd.

• $9.98 = $5 (rounded down) x 10 = 50 OCBC$ = 20 miles
• $67.73 = $65 (rounded down) x 10 = 650 OCBC$ = 260 miles
• $249.85 = $245 (rounded down) x 10 = 2,450 OCBC$ = 980 miles

To give you an idea of how the $5 rounding has an impact on smaller transactions that fall short of a $5 threshold, here’s how it looks against the 4 mpd Citi Rewards card, which rounds down to the next $1.

Miles awarded (4 mpd transactions)
Charge	Citi Rewards	OCBC Rewards
$4.99	16 (3.2 mpd)	0 (0 mpd) (- 100%)
$5.00	20 (4 mpd)	20 (4 mpd)
$9.99	36 (3.6 mpd)	20 (2 mpd) (- 44%)
$10.00	40 (4 mpd)	40 (4 mpd)
$14.99	56 (3.7 mpd)	40 (2.7 mpd) (- 27%)
$15.00	60 (4 mpd)	60 (4 mpd)

As you can see at the ‘exact’ $5 rounding levels you’re no worse off, but stray outside those rounded totals and the earn rate can drop significantly for these smaller transactions – even to zero.

The impact lessens as transaction sizes increase, for example with a $129.99 purchase the Citi Rewards card earns 3.97 mpd while the OCBC Rewards card earns 3.85 mpd.

While you should plan to make transactions in $5 increments with this card, or exceed a $5 block only by a small amount if possible, that’s not easy to achieve when it comes to foreign currency spend. In this case the rounding is applied after conversion to SGD, a tricky aspect to predict accurately.

Since any amount in Singapore dollars is first rounded down to the next $5 denomination, $5.00 is the minimum transaction amount to earn OCBC$ (and therefore miles) using the OCBC Rewards card.

Smaller transactions, including those converted from foreign currency into SGD which are subsequently charged to your card account at less than $5, will not earn any points.

One thing you won’t be wanting to do with this card is make transactions in foreign currency at the basic 0.4 mpd earn rate.

With OCBC’s 3.25% foreign currency fee, that’s equivalent to ‘buying’ miles at an insane 8.57 cents each, way more than you can ever realistically achieve in value.

At the 4 mpd bonus rate though, which would apply for example at a department store in Sydney just as it would in Singapore, the equation means buying miles at 0.86 cents each, an excellent rate to accrue them.

Here’s how that cost per mile compares to other credit cards in Singapore offering 4 mpd for at least some form of eligible transactions in foreign currency.

Cost per mile on overseas credit card transactions (4 mpd cards)
(March 2024)

Card	Fee	Miles per $	Cost per mile
HSBC Revo	3.25%	4.0	0.86¢
UOB PPV	3.25%	4.0	0.86¢
DBS WWMC	3.25%	4.0	0.86¢
OCBC Rewards	3.25%	4.0	0.86¢
UOB VS	3.25%	4.0	0.86¢
Citi Rewards	3.25%	4.0	0.86¢

Cost per mile also accounts for an additional 0.3% ‘spread’ over money changer currency rates, though this doesn’t apply to all banks and all foreign currencies, so is a worst-case scenario.

As you can see the OCBC Rewards card comes in at a very competitive cost of 0.86 cents per mile, so you should definitely be using this card for eligible 4 mpd transactions in FCY, subject to the monthly cap.

The Amaze card paired to your OCBC Rewards card also comes into play here, allowing you to avoid the 3.25% fee when making overseas spend, instead being subject only to the Amaze FCY rate, which tends to be only around 0.5% higher than the spot rate.

Under the OCBC Rewards Portal, you can redeem 3,600 OCBC$ for a $10 statement rebate, or 7,200 OCBC$ for a $20 rebate, or 18,000 OCBC$ for a $50 rebate.

In all three cases this values your OCBC$ at 0.278 cents each, whereas you’ll get upwards of to 0.76 cents if you convert them to airline miles, like KrisFlyer miles, assuming a valuation of 1.9 cents per mile.

You can also redeem OCBC$ for STACK vouchers via the STACK Marketplace. Here you’ll get a maximum value of 0.360 cents per OCBC$ redeemed.

Even if you only value KrisFlyer miles at 1.5 cents each, your OCBC$ are worth 0.60 cents each, so conversion into airline miles is by far the best deal, unless you are redeeming ‘orphan’ points on a card you intend to cancel or will no longer use.

There are a few other perks with the OCBC Rewards card, the key benefits which will be of most interest to our readers are:

• 2% rebate on Best Denki purchases (but only 0.4 mpd earning).
• Dining, shopping and travel offers at over 100 merchants as an OCBC credit card holder.
• Mastercard Priceless Experiences and Mastercard One Dines Free offers.

Here are links to the full terms and conditions applicable to the OCBC Rewards card.

 OCBC Rewards Card T&Cs
 OCBC Rewards Programme T&Cs

The OCBC Titanium Rewards card became the OCBC Rewards card this year, but a simple rebranding wasn’t the only change to this once-useful proposition.

Its key benefit – an annual spend cap for bonus purchases – has been replaced with a monthly limit, removing the ability to earn 4 mpd on this card for big-ticket purchases like computers, appliances and furniture.

With a relatively narrow range of bonus earning categories, $5 earning blocks, plus the ability to now only take out one card for one monthly bonus cap, the OCBC Rewards card now sits well below some popular alternatives on the market:

• Citi Rewards: 4 mpd on non-travel online spend, up to $1,000 per month
• DBS WWMC: 4 mpd on all online spend, including travel, up to $1,500 per month
• UOB Lady’s Solitaire: 4 mpd on up to two specified bonus categories, up to $2,000 per month
• UOB Lady’s: 4 mpd on one specified bonus category, up to $1,000 per month

The OCBC Rewards is probably now only worth considering if you’re already holding the cards listed above and you’re regularly maxing out their monthly spend limits, and can therefore use it as an overflow option for bonus miles earning.

That’s a very limited use case, which is a shame because it was once a must-have.

Our Rating

2.5 / 5 among 4 mpd bonus cards

OCBC Rewards Card APPLY HERE

How we rate credit cards Best in class: A must-have for the miles earner in Singapore Excellent: A leader in its category with few if any downsides Very good: Drawbacks largely outweighed by the positive aspects Good: Useful benefits despite some poor features vs. other cards Average: Worth considering but not an essential addition to your wallet Conflicted: Some benefits but much better cards exist in the same category Poor: Few benefits worth having Very poor: Almost no benefits, not recommended Awful: Not worth considering

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(Cover Photo: MainlyMiles)