Miles vs Cashback

OCBC 365 Credit Card

Broad everyday cashback card spanning dining, groceries, transport and bills.

Issuer
OCBC
Network
Mastercard
Rewards
Cashback
Annual fee
Annual fee — often waivable
DiningGroceriesTransportPetrolUtilities

Pros

  • +Strong everyday cashback: 5% dining/food delivery, 3% groceries
  • +Up to 6% cashback on petrol
  • +Annual fee waived first 2 years, then on S$10k yearly spend
  • +Cashback covers food delivery, not only dine-in

Cons

  • Needs roughly S$800/mo spend to earn bonus cashback
  • Monthly cashback cap limits how much you can earn
  • S$196.20 annual fee if yearly spend stays under S$10k
Annual feeS$196.20as of 16 Jun 2026
CashbackUp to 6% on petrol, 5% on dining & food delivery, 3% on groceries, transport & utilitiesas of 16 Jun 2026
Min. income (S'porean/PR)S$30,000/yras of 16 Jun 2026
Min. income (foreigner)S$45,000/yras of 16 Jun 2026

Eligibility: Age 21+. Seniors 55+ need only S$15,000. Foreigners need an Employment Pass.

Who it’s for

The OCBC 365 Credit Card is a cashback card from OCBC, best suited to people who spend on dining, groceries, transport, petrol and utilities. It carries an annual fee that can often be waived — confirm the current terms before applying.

View official detailsAlways confirm the latest fees, rates and terms on the issuer’s site.

Sources

Last reviewed 16 Jun 2026.

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