OCBC has extended its sign-up bonus for the Rewards Card, with the opportunity for new-to-bank customers to pick up 26,000 miles for clocking only S$600 in retail spend during the first 30 days of card membership, for applications made by 31st August 2026.
The deal was originally due to end on 30th June 2026, but has now rolled over for a further two months, albeit with a couple of changes worth knowing about.
The card offers 4 mpd on a range of online and offline shopping spend in a variety of useful categories like department store, clothing and sporting goods spend, with a monthly spend cap of S$1,110, and up to 6 mpd on spend at a handful of selected retailers – currently Watsons, Shopee, Lazada, TikTok Shop and Taobao – confirmed until at least 31st March 2027.
OCBC Rewards welcome gift promotion
Provided you don’t currently hold an OCBC credit card (any variant, not just the Rewards one) as a principal cardholder, and you haven’t held one in the last 12 months prior to 1st July 2026, you’re eligible for the promotion.
Existing supplementary OCBC credit card cardholders who don’t hold an OCBC credit card as a principal cardholder are still eligible to participate in the promotion.
The promotion runs for applications made from 1st July 2026 to 31st August 2026, and your card must be approved within 30 days of your application, which means 30th September 2026 is the last possible approval date if you leave it to the wire.
One new catch this time round is that you’ll need to keep the card open for at least 12 months from approval, otherwise OCBC reserves the right to claw back the cost of any gifts you’ve already received.
This deal is structured into two elements:
- Spend S$300-599 in first 30 days
Delsey Air Armour Medium Expandable 68cm Luggage - Spend S$600+ in first 30 days
Additional 65,000 OCBC$ (26,000 miles)
The Disney premiums that accompanied the luggage until 30th June are no longer part of the deal, so the Delsey case is now the only welcome gift on the table at the S$300 tier.
Simply apply through the OCBC link to be eligible for this offer:
Qualifying spend
Spending S$600 in eligible retail transactions to earn the luggage gift and the all-important 26,000 miles sign-up bonus in the first 30 days isn’t too difficult for most of our readers, but do make sure you steer clear of the usual list of excluded categories and organisations, as outlined here (see sections 3h and 3i).
These no-nos include digital wallet top-ups (GrabPay, YouTrip, Shopee Pay, Singtel Dash), payment for insurance premiums, bus / MRT and transit spend, and other specific MCCs like education and government services.
When will you get your gift and bonus points?
For both the Delsey luggage and the 65,000 OCBC$ (26,000 miles) sign-up bonus, you can expect to be informed of the redemption details (or be credited directly with the miles bonus) within four months of the end of the promotion period.
That’s still quite a long wait in both cases – potentially as late as 31st December 2026, over five months from now.
The OCBC Rewards card
The OCBC Rewards Card earns 4 mpd on the first S$1,110 spend each calendar month under the following Merchant Category Codes (MCCs) and specific retail merchants, including for online transactions and overseas spend.
| 4 mpd Eligible MCC List |
||
| Eligible MCCs | Example Merchants | |
| MCC 5309 Duty Free Stores |
King Power, KrisShop, Lotte Duty Free, Shilla Duty Free | |
| MCC 5311 Department Stores |
Isetan, Marks & Spencer, Metro, Takashimaya, TANGS | |
| MCC 5611 Men’s and Boys’ Clothing and Accessories Stores |
Benjamin Barker, Christian Louboutin, Edit Suits, Timberland | |
| MCC 5621 Women’s Ready to Wear Stores |
bYSI, Her Velvet Vase, In Good Company, Klarra, Mothercare, Yacht 21, Zara | |
| MCC 5631 Women’s Accessory and Specialty Stores |
Hermes, Love Bonito | |
| MCC 5641 Children’s and Infants’ Wear Stores |
Cotton On Kids, Kiddy Palace, Kids21, Pupsik Studio | |
| MCC 5651 Family Clothing Stores |
ASOS, Burberry, Club 21, Uniqlo | |
| MCC 5655 Sports Apparel and Riding Apparel Stores |
Adidas, Lululemon, Nike, On Running | |
| MCC 5661 Shoe Stores |
ALDO, Charles & Keith, Foot Locker, Cole Haan, Onitsuka Tiger, Skechers | |
| MCC 5691 Men’s and Women’s Clothing Stores |
G Star Raw, G2000, H&M, Prada, Pull & Bear, Suitsupply, Zalora | |
| MCC 5699 Miscellaneous Accessory and Apparel Stores |
CarouPay, Chanel, Cotton On, Ferragamo, Qoo10, Reebonz | |
| MCC 5941 Sporting Goods Stores |
Decathlon, FILA, New Balance, Outdoor Life, PUMA | |
| MCC 5948 Leather Goods and Luggage Stores |
Bottega Veneta, Bynd Artisan, Coach, Louis Vuitton, Rimowa, Zero Halliburton | |
| 4 mpd Eligible Merchant List |
|
| Alibaba | Mustafa Centre^ |
| AliExpress | NTUC Unity |
| Amazon^ | Qoo10 |
| Daigou | Shopee* |
| Ezbuy | TaoBao |
| Guardian | TikTok Shop |
| Lazada | Watsons |
^ Except transactions that fall under MCC 5411, e.g. Amazon Fresh
* Except Shopee Pay transactions under MCC 5262
You can transfer your OCBC$ into several loyalty schemes, including KrisFlyer here in Singapore, but the conversion ratios are variable so not all programmes offer a good deal.
OCBC Transfer Partners
| 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 |
We recently updated our comprehensive review of the OCBC Rewards Card, summarising its recent nerfs and covering all its current benefits.
| OCBC Rewards Card | |||
 |
Two years free |
4 mpd on retail spend |
9 transfer partners |
| READ OUR REVIEW | |||
| OCBC Rewards Card | ||
|
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|
Two years free |
4 mpd retail spend |
9 transfer partners |
| READ OUR REVIEW | ||
Our conclusion? It regrettably no longer distinguishes itself among 4 mpd credit cards in Singapore, lacking any significant selling points that other cards in this category don’t already do better, like these ones:
- 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 $1,000 per month
- UOB Lady’s Solitaire: 4 mpd on up to two specified bonus categories, up to $750 per month per category
- UOB Lady’s: 4 mpd on one specified bonus category, up to $1,000 per month
The OCBC Rewards Card 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, but this sign-up bonus with no annual fee for two years is a compelling deal nonetheless.
Terms and conditions
Full terms and conditions for the latest OCBC Rewards sign-up bonus are available here:
OCBC Credit Card Welcome Gift Promotion
Summary
It’s not often we see a good miles sign-up bonus for the OCBC Rewards Card, but 26,000 miles for just S$600 in spend with no annual fee for two years is a good offer, especially with free Delsey luggage thrown in.
Just don’t expect much from the card beyond that initial bonus.
As we covered in our recent review, the OCBC Rewards Card no longer has a compelling edge over other 4 mpd options like the Citi Rewards or DBS Woman’s World Card, and most readers will find it hard to justify keeping long-term unless they’re already maxing out those alternatives.
Apply, hit the S$600 spend, collect your 26,000 miles and luggage, keep the card open for the required 12 months (no hardship when there’s no annual fee to pay), then reassess whether it earns a permanent slot in your wallet.
(Cover Photo: Jack Hong / Shutterstock)