Cashback on Everything
Premium Perks for Global Spenders with OCBC World MasterCard
The OCBC World MasterCard is a premium credit card designed for high-spending individuals who value unlimited cashback, exclusive travel privileges, and comprehensive insurance coverage.
Whether you frequently travel overseas, dine at fine restaurants, or indulge in premium shopping, this card rewards your lifestyle with valuable perks.
Unlimited Cashback Earned on Every Transaction
One of the biggest highlights of the OCBC World MasterCard is its unlimited cashback, allowing you to save more as you spend.
| Transaction Type | Cashback Rate |
| Overseas Spending (Foreign Currency) | 1% cashback |
| Local Spending (Ringgit Malaysia) | 0.5% cashback |
There’s no limit to how much cashback you can earn each month, making it an excellent choice for those who spend frequently on travel, dining, entertainment, and shopping.
Calculation examples:
- RM5,000 local spending = RM25 cashback (0.5%)
- RM5,000 overseas spending = RM50 cashback (1.0%)
- RM20,000 mixed (RM10,000 local + RM10,000 overseas) = RM50 + RM100 = RM150 total
Cashback is automatically credited to your card statement.
Transactions That Qualify for Cashback
- Physical store purchases locally and overseas
- Online shopping and e-commerce
- Dining, entertainment, petrol
- Recurring payments and auto-debit
- Mail order and telephone order
- Instalment Payment Plans (IPP)
Exclusion: UK and EU Spending Gets Zero Cashback
Despite the "1% overseas" rate, transactions in the following regions earn 0% cashback:
- United Kingdom (England, Scotland, Wales, Northern Ireland)
- All EU countries: Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden
- EEC countries: Iceland, Liechtenstein, Norway
- French territories: French Guiana, Guadeloupe, Martinique, Mayotte, Reunion, Saint Martin
- Other territories: Aland Islands, Gibraltar, Svalbard, and Jan Mayen
This exclusion applies to all transactions in these regions, whether you're physically there or shopping online from merchants based in these countries.
Travel in Style with Complimentary KLIA Lounge Access
Both principal and supplementary cardholders each receive 2 complimentary visits per calendar year to Plaza Premium Lounge at Kuala Lumpur International Airport.
Simply present your OCBC World MasterCard at the lounge reception. Your two complimentary visits reset on 1 January each year.
Calendar year: 1 January - 31 December
If you use both your complimentary visits before December, you'll need to wait until the next calendar year for the free visits to reset.
Lounge Facilities
- Free-flow buffet spread and beverages
- Comfortable seating and rest areas
- Complimentary Wi-Fi
- Shower facilities
- Newspapers and magazines
- Quiet environment before your flight
Travel Insurance Up to RM2 Million Coverage
Complimentary travel insurance coverage up to RM2 million applies when you charge the full airfare for your trip to your OCBC World MasterCard.
Coverage: RM2,000,000 for personal accident (accidental death and permanent disability)
Who's covered:
- Principal cardholder
- Supplementary cardholder(s)
- Spouse and dependent children (when their tickets are also charged to the card)
Requirements:
- Charge full airfare to your OCBC World MasterCard
- Coverage applies for the duration of the trip
For complete policy details, terms, conditions, and exclusions, refer to the Group Policy document on the OCBC website.
Annual Fees and Charges
- Principal card: RM388 + RM25 service tax = RM413
- Supplementary card: RM188 + RM25 service tax = RM213
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
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
