Miles vs Cashback

OCBC 365 Credit Card

Everyday cashback card covering dining, groceries, transport, petrol and bills.

Issuer
OCBC
Network
Visa
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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