OCBC offering 22,000 miles sign-up bonus on Rewards and 90°N cards

OCBC has refreshed its credit card welcome gift promotion from October 2026, with new cardholders now eligible for 22,000 miles when spending S$800 within 60 days of card approval, for applications made by 31st December 2026.

The same promotion covers both the OCBC Rewards Card (review) and the OCBC 90°N Visa and Mastercard (review).

For the Rewards Card it’s a less generous deal than the one that ended on 30th September, with the bonus dropping from 26,000 miles to 22,000 miles, while the minimum spend has risen from S$600 to S$800, and the Delsey luggage gift has disappeared altogether.

The one improvement is the spend window, which has doubled from 30 days to 60 days.

OCBC Rewards welcome gift
	Jul – Sep 2026	Oct – Dec 2026
Miles bonus	26,000	22,000
Min. spend	S$600	S$800
Spend window	30 days	60 days
Luggage gift	Delsey (S$300+)	None
Fee waiver	2 years	2 years

At a typical valuation of 1.8 cents per mile, the 22,000 miles bonus is worth around S$396. That’s still a decent return on spending you’d probably be doing anyway.

OCBC welcome gift promotion

Here’s how the deal works on the two miles-earning cards it covers.

OCBC welcome gift (1 Oct – 31 Dec 2026)
Card	Min. spend	Bonus	Fee waiver
OCBC Rewards	S$800 in 60 days	55,000 OCBC$ (22,000 miles)	2 years
OCBC 90°N Visa / MC	S$800 in 60 days	22,000 90°N Miles (22,000 miles)	1 year

Simply apply through the following links to be eligible for this offer:

• Application link for the OCBC Rewards Card
• Application link for the OCBC 90°N Card

Applications must be made through OCBC’s own website, app or branches. Applications submitted through third-party sites such as SingSaver and MoneySmart aren’t eligible for this promotion.

Who is eligible?

You’re eligible as long as you’re at least 21 and you don’t currently hold an OCBC credit card (any variant, not just these two) as a principal cardholder. You also must not have held or cancelled one in the 12 months before your card application.

That 12-month window now counts back from your specific application date, rather than from a fixed date as in previous editions, so you may become eligible again part-way through the promotion.

Existing supplementary OCBC credit card cardholders who don’t hold an OCBC credit card as a principal cardholder are still eligible.

Your card must be approved within 30 days of your application, so if you apply on the final day (31st December 2026), 30th January 2027 is the last possible approval date.

Only one bonus per customer

If you’re tempted by both cards, note that each customer can only receive one welcome gift under this promotion, however many eligible OCBC cards they apply for.

The same promotion also covers OCBC’s cashback cards, so do be aware that this limit applies across the bank’s whole range.

If you’re approved for more than one eligible card, OCBC awards the gift on the card with the earliest approval date.

Qualifying spend

You’ll need to spend at least S$800 in eligible retail transactions within 60 days, counting the card approval date as day one. Spend on supplementary cards counts towards the total.

OCBC’s own examples show how the window works:

• Approved 1st October 2026: spend by 29th November 2026
• Approved 10th November 2026: spend by 8th January 2027
• Approved 21st December 2026: spend by 18th February 2027

The usual exclusions apply. Digital wallet top-ups (GrabPay, YouTrip, ShopeePay, Singtel Dash), insurance premiums, income tax, bill payments via internet banking, AXS, SAM, EZ-Link and TransitLink transactions don’t count. Neither does a long list of MCCs that cover the likes of education, hospitals, utilities, government services and car parks.

The full list can be found in section 2.4 of the T&Cs.

One quirk is that AXS Pay+Earn transactions do count towards the S$800 for 90°N cardholders, though not for the Rewards Card. However, Pay+Earn carries an admin fee that usually makes it unworthwhile.

When will you get your bonus?

OCBC will notify you by email or SMS within four calendar months of you hitting the minimum spend.

That’s a long wait. Hit S$800 by the end of October and you may not see anything until late February 2027. Leave your application until the closing days of the promotion and you could be waiting until the middle of next year.

You’ll also need to keep the card open for at least 12 months from approval. Cancel it earlier and OCBC reserves the right to claw back the bonus.

What is the bonus worth outside KrisFlyer?

Both cards can transfer to the same nine loyalty programmes, but most at inferior ratios, our main bugbear with OCBC cards.

Here’s what the “22,000 miles” bonus becomes in each programme.

The 22,000 miles bonus by programme
Programme	OCBC Rewards (55,000 OCBC$)	OCBC 90°N (22,000 90°N Miles)
Singapore Airlines KrisFlyer	20,000*	22,000
Air France-KLM Flying Blue	22,000	22,000
IHG One Rewards	22,000	22,000
Marriott Bonvoy	22,000	22,000
British Airways The Club	19,800	19,800
Etihad Guest	19,800	19,800
Cathay Pacific Asia Miles	15,950	16,500
United Airlines MileagePlus	15,400	15,400
Accor ALL	11,000	11,000

* 50,000 OCBC$ transfers to 20,000 KrisFlyer miles, with 5,000 OCBC$ left over

The two cards give near-identical results everywhere except in two places.

The first is Asia Miles. OCBC$ convert at a slightly worse ratio than 90°N Miles, and both take a heavy haircut compared to KrisFlyer transfers.

The second is KrisFlyer itself, which is what most of our readers will be targeting.

With the Rewards Card you’ll need to top up your OCBC$ balance to 75,000 to convert the whole bonus, because OCBC$ convert to KrisFlyer in blocks of 25,000 OCBC$ (10,000 miles), so the 55,000 OCBC$ bonus alone gets you 20,000 KrisFlyer miles, with 5,000 OCBC$ left over.

Around S$2,000 of 4 mpd spend spread across two calendar months, staying under the S$1,110 monthly cap, would get you there for 30,000 KrisFlyer miles in a single transfer. Just remember OCBC$ expire two years from the month they’re credited.

90°N Miles, on the other hand, never expire and convert to KrisFlyer in far more flexible 1,000-mile blocks, so your 22,000-mile bonus plus the 1,040 miles from S$800 of local spend can transfer across as 23,000 KrisFlyer miles in one go.

Either way, each transfer costs S$25, which eats into the value of smaller transfers.

The OCBC Rewards Card

The OCBC Rewards Card earns 4 mpd on the first S$1,110 spent each calendar month on department stores, clothing, shoes, bags, sporting goods, duty free and a list of named merchants including Watsons, Guardian, Shopee, Lazada and Taobao. That includes online and overseas spend.

A further 2 mpd bonus at selected retailers (currently Watsons, Shopee, Lazada, TikTok Shop and Taobao) takes that to up to 6 mpd, confirmed until at least 31st March 2027.

Outside those categories it earns just 0.4 mpd, so it’s strictly a bonus category card.

We rate it 2.5 out of 5 among 4 mpd cards. Its monthly cap and narrow bonus categories mean the Citi Rewards, DBS Woman’s World Card and UOB Lady’s cards all do the job better. It’s mainly useful as an overflow option once you’re maxing those out.

The annual fee of S$196.20 is waived for the first two years, though, so holding it costs nothing for a while.

The OCBC 90°N Card

The OCBC 90°N is a general spend card, available on both Visa and Mastercard networks, earning 1.3 mpd on local spend and 2.1 mpd on foreign currency spend with no cap. The two versions share a single 90°N Miles balance.

Those miles never expire, and transfer to KrisFlyer at 1:1 in 1,000-mile blocks, as mentioned above.

It also scored 2.5 out of 5 in our review, this time among general spend cards. The S$25 transfer fee, S$5 earning blocks, lack of complimentary lounge access and poor transfer ratios for most of its non-KrisFlyer partners all count against it.

Its annual fee of S$196.20 is waived for the first year only. From year two it’s waived automatically if you spend S$10,000 in the membership year. Otherwise you can pay it and receive 10,000 90°N Miles as a renewal bonus, equivalent to buying miles at 1.96 cents each.

Which card should you choose?

Since you can only collect one bonus, it comes down to what you want from the card after the bonus is credited.

The Rewards Card makes more sense for most readers. The two-year fee waiver comfortably covers the 12-month minimum holding period, so you can collect the bonus, keep the card as a 4 mpd overflow option at no cost, and decide later about long-term retention. Its bonus earn rate is also far more useful than the 90°N’s, as long as your spending fits its categories.

The 90°N is the cleaner option for the bonus itself. The miles never expire, the bonus transfers wholly to KrisFlyer without stranding any leftovers, and it may be the better choice if your spending is mostly general or overseas rather than shopping.

The catch is that the end of the 12-month holding period coincides with the first annual fee. If you haven’t hit S$10,000 spend by then, you’ll need to decide whether to pay the fee for the renewal miles or cancel.

Terms and conditions

Full terms and conditions for the latest OCBC credit card sign-up bonus are available here:

OCBC Credit Card Welcome Gift Promotion (October 2026)

OCBC’s latest welcome gift isn’t as generous as the one that ended in September. The bonus is 4,000 miles smaller, the minimum spend is S$200 higher and the free luggage is gone.

Still, 22,000 miles worth around S$396 for S$800 of spending over two months is a solid return. It now applies to the OCBC 90°N as well as the Rewards Card, though you can only claim it once.

Neither card is a long-term standout, as our reviews explain, but with the annual fee waived for at least the first year in both cases, either is an easy way to pick up a useful chunk of miles. Choose the one that fits your spending, hit the S$800, and remember to keep the card open for 12 months.

(Cover Photo: Claudel Rheault)