No Annual Fee
Cashback & Wellness Benefits for Policyholders with OCBC Great Eastern Platinum MasterCard
The OCBC Great Eastern Platinum Mastercard is tailored for Great Eastern Life policyholders, offering cashback on insurance premiums, unlimited cashback on everyday spending, and exclusive health and wellness perks.
With no annual fees for life, this card is an excellent choice for those looking to maximize savings while maintaining financial security.
Earn Cashback on Great Eastern Insurance Premiums
The OCBC Great Eastern Platinum Mastercard offers a structured cashback program to enhance your savings:
2.5% Cashback on Great Eastern Insurance Premiums
When you charge your Great Eastern insurance premiums to this card, you earn a 2.5% cashback, capped at RM100 per calendar year. For example, paying RM4,000 in premiums annually will maximize this benefit.
0.1% Unlimited Cashback on Other Retail Spending
Enjoy 0.1% cashback on all other retail expenditures, excluding Great Eastern insurance premiums, with no cap on the amount you can earn.
This cashback structure ensures that both your insurance commitments and everyday purchases contribute to your savings.
Transactions That Qualify for Cashback
For 0.1% cashback (excluding UK/EU/EEC):
- Physical store purchases locally and overseas
- Online shopping and e-commerce
- Dining, entertainment, petrol, groceries
- Recurring payments and auto-debit
- Mail order and telephone order
- Instalment Payment Plans (IPP)
For 2.5% cashback:
- Only Great Eastern insurance premium payments
Lifetime Waiver of Annual Fees
A standout feature of this card is the lifetime waiver of annual fees for both principal and supplementary cardholders.
This means you can enjoy the card's benefits without worrying about recurring annual charges.
Exclusive Live Great Privileges - Enhancing Your Wellness Journey
Cardholders get access to Great Eastern's Live Great programme, which provides health and wellness benefits from Great Eastern and partner merchants.
Typical benefits include:
- Discounts on health screenings
- Savings on wellness programmes
- Fitness membership promotions
- Partner merchant offers
Important: Live Great benefits are managed by Great Eastern, not OCBC. Specific offers, discounts, and partner merchants vary over time. Check with Great Eastern directly or visit the Live Great programme website for current benefits available.
The value of these privileges depends on how actively you use health and wellness services.
Annual Fees and Charges
- Principal card: RM0 (no annual fee)
- Supplementary card: RM0 (no annual fee)
- Service tax: RM25 per card (charged on activation and annually)
Total annual cost: RM25 per card (service tax only)
Unlike many "no annual fee" cards that waive fees conditionally, this card genuinely charges an RM0 annual fee. You only pay the RM25 government service tax.
Interest rates (tiered structure):
- 15% p.a. if you've made prompt payments for 12 consecutive months
- 17% p.a. if you've made prompt payments for 10-11 out of the past 12 months
- 18% p.a. if you've made fewer than 10 prompt payments in the past 12 months
Cash advance interest: 18% p.a. (charged daily from transaction date)
Minimum monthly payment: Higher of these two:
- 5% of new balance (excluding instalment plans) + 100% of all instalment amounts
- RM50
Late payment fee: RM10 or 1% of outstanding balance (whichever is higher), capped at RM100
Eligibility Criteria
To be eligible for the OCBC Great Eastern Platinum Mastercard, applicants must meet the following criteria:
- Active Great Eastern Life policy
- Minimum age 21 years old
- Minimum annual income RM48,000 (RM4,000 per month)
- Malaysian citizen or permanent resident
These requirements ensure that the card is tailored for individuals who can fully benefit from its features.
Required Documents to Apply
Multinational company, Public listed company, Government-linked company, Government servant
- Photocopy of MyKad (both sides) or passport (for foreigners) with a working permit validity of at least 12 months
- Latest 1-month salary slip for fixed income / 3 months salary slips for variable income; OR
- Latest EPF statement with at least 3 months' contributions; OR
- Latest Borang B/BE/e-filing with proof of tax payment
Non-multinational company, Non-public listed company, Non-government linked-company
- Photocopy of MyKad (both sides) or passport (for foreigners) with a working permit validity of at least 12 months
- Latest 3 months salary slips AND 3 months supporting bank statements OR EPF statement
- Latest EPF statement with at least 3 months' contributions; OR
- Latest Borang B/BE/e-filing with proof of tax payment
Self-employed (more than 2 years with/in current business)
- Photocopy of MyKad (both sides) or passport (for foreigners) with a working permit validity of at least 12 months
- Form 24/29/49;
- Business Registration certificate/print out from SSM/CTOS/CBM
- With salary slip (except sole proprietor), 6 months salary slips, and 6 months supporting bank statements
- Business bank statement (shareholding must be > 50%), 6 months principal bank statements
- EPF statement with at least 3 months' contributions
Commission Earner (full commission earner without basic salary)
- Photocopy of MyKad (both sides) or passport (for foreigners) with a working permit validity of at least 12 months
Non-Great Eastern (GE)
- 6 months commission statements with 6 months supporting bank statements
Great Eastern (GE)
- GE HR confirmation
- Latest Borang B/BE/e-filing with proof of tax payment
Foreigner/Malaysian working abroad
Salaried/Employed
- Latest 3 months' salary slips AND supporting bank statements; OR
- CPF statement for Singaporean and Malaysians with Singapore PR; OR
- Valid work permit if employment is not in the home country; OR
- Permanent Residential ID (for Singapore PR)
Self-employed
- Latest Tax Assessment from a specific country; AND
- Valid work permit/Permanent Residential IR requirement as per salary above
