Review - OCBC corporate credit card in Singapore

Quick overview of OCBC corporate credit card

OCBC or the Oversea-Chinese Banking Corporation is one of the most well-known banks used by individuals and businesses in Singapore. 


They have a wide variety of financial offerings and were also presented the award for the best SME Bank in Southeast Asia from 2013-2017. 


You’re in the right place if you want to know more about the best OCBC corporate cards in Singapore but also learn about some modern alternatives that businesses are adapting today.




What is OCBC corporate card and how does it work?

OCBC offers a business debit card and a host of credit cards. These credit cards by OCBC aren’t specifically made for business organizations.


But they are often used by small and medium enterprises for business expense purposes in the past.


While there is an OCBC business credit card, the details regarding it provided by the bank are more technical, and very less is known about it by the general public.


These cards come in a traditional plastic format and you are also provided a digital version that can be accessed using the OCBC business mobile app or OCBC Velocity.


You can also customize these cards with your company’s logo without any extra fees.

Which are the best OCBC corporate credit cards?

One thing that is common for all the OCBC corporate credit card in Singapore mentioned below is their eligibility criteria


In order to get an OCBC credit card, you must be a Singaporean or Singaporean PR aged 21 years or older with a minimum annual income of SGD 30,000.


If you are a foreign citizen, then you must be 21 years or older with at least an annual income of SGD 45,000.

1. OCBC 365 credit card


Fees

The principal card fee is SGD 192.60 a year which is waived for the first 2 years and the supplementary card fee is SGD 96.30 a year per card which is also waived for the first 2 years.


In order to waive the annual fee for the card, you must spend a minimum of SGD 10,000.


Other essential fees to consider are the foreign transaction fee which is a total of 3.25% of the transaction fee and the cash advance fee which is either SGD 15 or 8% of the cash withdrawal based on which is higher.


Minimum spend limit

The minimum amount to spend to get the card-specific cashback is SGD 800 per month. If transactions amount to less than this, you will only get a cashback of 0.3%


Cashback & cashback cap

6% for food delivery and dining, 5% for fuel expenses, and 3% for utilities, groceries, land transport, and online travel. The cashback is capped at SGD 80 per month for the OCBC 365 credit card.


Rewards

The card offers a limited (till 31st December 2022) period of year-long burpple membership worth SGD 99 when you spend SGD 300 in a month.


You also get other benefits including deals on a Health pass by OCBC where you get access to telehealth and in-person clinic visits for over 150 general practitioners and specialists.


Rebate

This card offers cashback instead of any rebates.


Wireless payment options

Can be linked to wireless payment modes such as Google pay and Apple pay.


Overall review

A great credit card for families and individuals who have spending across groceries, utilities, dining, travel, and fuel expenses.

2. OCBC Frank credit card


Fees

The annual principal fee is SGD 80 and the supplementary fee is SGD 40. Spending a minimum of SGD 10,000 in a year will help you waive the annual fee for two years.


Minimum spend limit

The minimum monthly spend for this card is SGD 600.


Cashback & cashback cap

You get an impressive 6% cash back for many types of online spending. The cashback you can get is capped at SGD 75 per month.


Spending categories

This card is perfect for most types of online spending including sites like Netflix, Spotify, ASOS, Grab, and Lazada.


Rebate

No rebates are offered through this credit card.


Wireless payment options

The card is compatible with many wireless payment options such as Google pay, Apple pay, Samsung pay, Garmin pay, and Fitbit pay.


Overall review

Extremely secure and safe card that can be locked anytime through the OCBC mobile app and this card will majorly benefit people who tend to spend the most online.

3. OCBC Titanium credit card


Fees

The fee structure and rules for the Titanium card are the same as the OCBC 365 credit card.


Minimum spend limit

There is no minimum spending limit to earn reward points.


Spending categories

This card is great for spending on specific online and retail outlets.


Rewards

The Titanium OCBC credit card gives an amazing 10X rewards (that is worth 4 miles for 1 SGD being spent) on eligible retail and online purchases including Apple, H&M, Shopee, and more.


You also get 1x rewards on any other eligible spending. You can redeem your 10X points/10 OCBC$ as e-vouchers, for KrisFlyer Miles or cash rebates on OCBC rewards.


There is also a cap of 120,000 for the OCBC$ that you earn.


Rebate

You get a 2% cash rebate on spending at BEST Denki. The great part is that you get this rebate on top of the 10 OCBC$ per transaction.


Wireless payment options

You can use this card through wireless payment modes such as Google pay and Apple pay.


Overall review

This credit card is perfect for people who tend to have a lot of retail and travel expenses to make.

4. OCBC 90N credit card


Fees

The principal fee for the card is SGD 53.50 for a year which is waived for the first year and the supplementary card is also SGD 53.50 a year per card that is waived during the first year.


Minimum spend limit

There is no minimum spend limit to collect Travel.


Spending categories

This card is perfect for people spending money majorly on travel.


Rewards

You can earn travel$ when you make expenses. You are awarded 2.1 travel$ for every 1 SGD that you spend on foreign currency.


For local SGD expenses, you get 1.2 travel$ for every 1 SGD that you spend. (These reward points defer slightly based on whether you choose an OCBC 90N with the payment network as Visa or Mastercard)


Rebate

A great feature about this card is that the travel$ that you earn can be converted into cash rebates of up to 2.3% and you instantly use it to offset your credit card bills.


Wireless payment options

You can use this card through wireless payment options such as Google pay and Apple pay.



Key perks

You do not have to pay any conversion fees for the points you earn and there is no expiry date for these points.


Overall review

The OCBC 90N is a great credit card for people who travel often but also make other forms of payments that they can use to build travel$ and use them to get discounts or cash rebates for your credit bill.

5. OCBC cashflow credit card


Fees

The principal card fee is SGD 160.50 a year which is waived off for the first two years and a supplementary card fee of SGD 80.25 a year per card for the first two years.


This card also has an annual interest rate of 26.88%. Users of this card are also charged a 1% processing fee for Great Eastern premiums charged under a 12-month installment plan.


Cashback & cashback cap

Instead of cashback, you receive a cash rebate when using this card.


Spending categories

You can earn a cash rebate for any type of spend made through this card.


Rebate

You can get a 0.5% cash rebate if your monthly bill is lower than SGD 1000 and a 1% rebate if it is SGD 1000 or more. The cash rebate cap is SGD 100 per month.


Wireless payment options

You can use this card through wireless platforms like Google pay and Apple pay.


Key perks

This is a 0% interest auto-installment card. You can automatically split your payments into a 3 or 6-month installment without any extra cost.


Overall review

This is a great credit card for people with longer periods of cash inflow and outflow and needs a card that can help split repayments into longer durations without extra charges.

6. OCBC plus visa credit card


Fees

The principal card fee is SGD 107 a year which is waived for the first year. There is no supplementary card fee and you get up to 3 supplementary cards for free.


Minimum spend limit

You need to spend a minimum of SGD 500 per month to avail the discount benefits this card has to offer. To waive the annual fee you need to spend a minimum of SGD 2500 a year.


Spending categories

Can be used for any type of spending but the card is useful for fuel and expenses at certain retail outlets.


Rewards

No specific reward program other than a card-specific discount but you do get 0.22% Link points on all Visa spending.


Rebate

You can 0.5% cash rebate if your monthly bill is lower than SGD 1000 and a 1% rebate if it is SGD 1000 or more. The cash rebate cap is SGD 100 per month.

Wireless payment options

You can use this card through wireless platforms like Google pay and Apple pay.


Key perks

This is a 0% interest auto-installment card. You can automatically split your payments into a 3 or 6-month installment without any extra cost.


Overall review

This is a great credit card for people with longer periods of cash inflow and outflow and needs a card that can help split repayments into longer durations without extra charges.


Benefits of issuing corporate cards to employees in Singapore

Now while all the OCBC cards are included in many corporate credit card reviews online, they are actually meant for personal use. Many businesses use them for business purposes due to the lack of a better option.


This is where Volopay corporate cards can really help businesses. Volopay corporate cards are made keeping in mind the needs of business organizations:



Physical cards for all employees remove the need for employees to make business expenses from personal cards and wait for reimbursements.



Safe and secure with freezing, blocking, and turning on/off other card controls such as the ability to withdraw cash from ATMs.



Real-time tracking, management, and control of corporate card spending through our web platform and mobile app.



Unlimited virtual card creation through our web platform.



Lowest FX rates for foreign transactions.




Related read - Review of DBS corporate cards

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