The main benefits of OCBC Rewards Mastercard are:
✅ Earn up to 15 OCBC$ per dollar spent at selected stores
✅ Redeem OCBC$ for cash, air miles, or discount vouchers
✅ Extra 2% cashback on electronics purchases at BEST Denki
✅ No limit on accumulated OCBC$
✅ Exclusive access to Mastercard offers and experiences
Why do we recommend the OCBC Rewards Mastercard?
The OCBC Rewards Mastercard card is ideal for those looking to maximize rewards on their everyday purchases. With this card, you can quickly accumulate OCBC$ across various categories, whether in physical stores or online, and then redeem those rewards for cash, air miles, or even products.
This card imposes no limits on the accumulation of OCBC$, meaning the more you spend, the more you earn. Additionally, the extra 2% cashback on electronics purchases at BEST Denki is a notable benefit for those who frequently invest in technology.
Compared to other cards available in Singapore, the OCBC Rewards Mastercard offers unique flexibility in how you can use your points, allowing for a level of benefit customization that few financial products can match. If you value the freedom of choice and like to optimize your finances, this card is a strong contender in the market.
Author’s opinion
The OCBC Rewards Mastercard offers an excellent proposition for those who prioritize rewards in their daily spending. However, there are a few points to consider: while the benefits are broad, the highest rewards are geared towards specific categories, which may limit returns depending on your spending profile.
If you don’t make many purchases in the qualifying stores or categories, you might not get the maximum value from this card. Therefore, it’s important to assess whether the available benefits align with your lifestyle before committing.
For instance, if you spend S$2,500 on qualifying purchases with the OCBC Rewards Mastercard, you could accumulate up to 25,000 OCBC$, which translates to a significant amount in cashback or air miles. The standard interest rate is 26% per annum, so it’s crucial to pay off the balance in full to avoid substantial additional charges.
A tip for your wallet
Maximize the OCBC Rewards Mastercard by focusing your spending on categories that offer the highest rewards. Additionally, plan your electronics purchases during promotions that offer extra cashback, such as those at BEST Denki.
Another useful tip is to monitor your points and redeem them for valuable benefits, like air miles, before they expire. Avoid carrying a balance on the card, as the high interest rate can erode your rewards, and regular payments will prevent fees from diminishing your benefits.
Ready to rack up more rewards?
To learn more about how to apply for the OCBC Rewards Mastercard and explore all the available rates and benefits, click the button below and discover how to turn your purchases into rewards.