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Cashback bonus, rebates and style – Banks nowadays really know how to target their audience! With such a great variety of credit cards available in Singapore, how does one not own more than one card? Our best advice is choose the one most suited to your needs, and as long as you pay your bills promptly each month, there is really little worry about having too many cards!
OCBC has outperformed itself in its branding in recent years, having come up with several innovative products that has captured market share amongst the tradtionally well-known banks here in Singapore. Let’s take a look at their top 3 credit cards and find out which of them would fit nicely in your wallet:
The OCBC 365 Credit Card is branded as the cashback card for your daily spend. The trend for credit cards in the earlier years was for users to redeem rewards via a points system, where one could accrue reward points from cash spent. These days, banks have realised that giving cashback is probably a more fuss-free and practical way to rewards their customers.
For spending varying from restaurant dining, paying your telco bills to petrol, you get to enjoy between 3% to 18.3% of cashback bonuses with a minium $600 spend per month. Even if you do not hit the $600 requirement, you get a flat 0.3% rebate with any spending amount. How’s that for free cash?
An easy way to qualify for some minimum cashback is to put your telco bills to be charged automatically to your credit card. The card is free for two years and only requires a $30,000 p.a salary for Singaporeans to apply.
This one is for those who does the grocery shopping! One of the most attractive feature of the OCBC PLUS! Credit card is the flat 5% rebate on everything at FairPrice and Unity outlets. If you hold the purse strings to household spending, you get to save some serious money with this card!
Other than rebates you get from spending, the card also helps you to earn Linkpoints more efficiently. For instance, you earn an extra 1.3% Linkpoints on your telco and utilities bills. You can then redeem attractive rewards with your Linkpoints. This means that you receive double the bonus – cash rebates and earning more linkpoints to exchange for rewards later!
The FRANK Credit Card seeks to target the young and stylish – You get to choose the design of your card from a choice of 120 designs, and they are free! What’s more, the card targets the mobile generation by coming with the NETS Auto Top-Up feature, which means you get automatic top-ups on your public transport rides and allows you to pay by tapping at over 40,000 retail outlets. On top of the saving of time with the automatic top-ups, the card gives you a 6% rebate as well. The card is clearly meant for those who believes in the need for just one card to provide for their monetary needs so that you will not have to carry much cash on hand.
For those who loves shopping online(who doesn’t?), you get a 6% rebate automatically when you spend more than $500 on your online purchases, up to $60 worth of rebates. Any spending above $500 is still entitled to an unlimited 0.5% rebate. Card fees are also one of the cheapest around, with just $32.10 per year and free for the first 2 years.
As mentioned earlier, the FRANK Credit Card targets the young and stylish, typically those who are above 21 years old and who are just stepping into the working world. There are a host of other services and products under the FRANK suite which you might be interested to explore as well.
Looking for another credit card? Then compare all credit cards in Singapore with EnjoyCompare, from rewards, cashback and much more!
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