The OCBC 365 Visa offers exceptional cashback benefits across various spending categories. Let’s guide you through the process of applying for this card and how you can start enjoying its perks.
Eligibility criteria for the OCBC 365 Visa:
✅ Must be 21 years or older.
✅ Minimum annual income of S$30,000 for Singaporeans and PRs, S$45,000 for foreigners.
✅ Valid identification (NRIC or passport).
✅ Proof of income (latest payslip or income tax statement).
✅ Recent proof of address (utility bill or bank statement).
Approval is subject to meeting these criteria, and the bank may request additional documents if necessary.
How to apply for the OCBC 365 Visa
Applying for the OCBC 365 Visa is straightforward and can be done online via the OCBC website or by visiting a branch. The application process involves filling out a simple form with your personal and financial details.
Ensure you have all required documents ready to expedite the process. Once submitted, OCBC will review your application based on their criteria. If approved, you’ll receive your card within a few working days. If your application is unsuccessful, you can reapply after a recommended waiting period.
Managing your OCBC 365 Visa Payments
You can manage your OCBC 365 Visa payments with ease. Payments can be made online through internet banking, set up for automatic deductions, or done at any OCBC branch. To avoid interest charges, it’s advisable to pay the full balance before the due date, which is typically 25 days after the statement date.
While minimum payment options are available, paying in full helps you maximize the card’s benefits without incurring additional costs.
Fees and costs
The OCBC 365 Visa comes with an annual fee of S$196.20, which is waived for the first two years. To have the fee waived in subsequent years, you need to spend a minimum of S$10,000 annually.
The interest rate on unpaid balances is 26.88% per annum, calculated daily. Cash advances incur a fee of 6% of the amount withdrawn or S$15, whichever is higher. Late payments may also attract additional charges.
A clear overview
The OCBC 365 Visa is a great option for those looking to earn cashback on everyday expenses like dining, groceries, and utilities. With flexible payment options and straightforward eligibility criteria, this card offers both convenience and value.
Understanding the associated costs and making timely payments will ensure you make the most out of your OCBC 365 Visa.
Interested in Getting Started?
If you’re ready to enjoy the benefits of the OCBC 365 Visa, take the next step and apply today. Start maximizing your rewards with every purchase.