Overview of OCBC Credit Cards In Malaysia
Welcome to a world of exclusive privileges specially designed for you.
OCBC credit cards are perfect for those who love a rewarding lifestyle that has everyday savings, cashback, and unlimited privileges for total well-being.
What are the Features and Benefits of OCBC Credit Cards?
1. Cash Rebates
OCBC cards offer cash rebates on everything!
If the words "free money" sound like music to your ears, then the OCBC MasterCard Pink or OCBC MasterCard Blue is playing your song.
For all retail or online spending, you will be entitled to receive a 1% cash rebate, for both local and overseas transactions.
Remember, as it is uncapped - the more you spend, the more cashback you will receive.
Other eligible transactions such as auto debit, internet purchases, instalment payment plans, and mail/telephone orders would earn you 0.1% - simply by using your OCBC card.
If you crave unlimited cashback, then OCBC 365 is the right card for you!
For the first RM1,000 you spend every month, you earn 1% cashback. Another 0.5% cashback will be credited to you for purchases from RM1,001 onward using your OCBC 365 card.
These rates are applicable to both local and overseas retail transactions, such as auto debit / recurring payment, e-Commerce and online purchases, instalment payment plans, and mail/telephone order.
2. No Annual Fee for a Lifetime
Imagine having an insurance policy that covers you for a lifetime without having to pay a premium.
Anyone above 21 years old with an annual income of RM36,000 can afford to sign up for OCBC Great Eastern Platinum MasterCard.
But beforehand, you need to hold, at least, a valid insurance policy with GE Life to qualify for this OCBC card.
You can issue a supplementary credit card to family members at zero annual cost as well, provided that they meet the minimum age required.
3. Personal Financial Planner
If you've just gotten your first full-time job, and have been entrusted with the responsibility of moving out of your parents' house, what better way to manage your finances than by using a line of credit?
You don't have to take time off your busy schedule to personally make bill and cheque payments, so let your OCBC card do that for you.
With the OCBC PayMaster auto debit system, have all your monthly bills and loan repayments paid automatically. Saves you both time and hassle.
4. Interest-free Period
Also, we know that a lot of people apply for a credit card so that they can pay for a hot-ticket purchase in easy monthly instalments.
Thankfully, OCBC will provide you with the luxury to convert your RM3,000 designer bag into interest-free monthly instalments for up to 20 months, on top of having a 20-day interest-free period from the day of purchase.
5. Flexible Line of Credits
Spending your heart content on credit can be detrimental to your finances if you don't keep them in check. That's why OCBC offers you a line up of flexible credit lines:
OCBC Balance Transfer
Loosen your financial belt with lower monthly repayments with a one-time balance transfer interest from 2%.
All you have to do is to transfer a minimum of RM1,000 from the outstanding balance of another bank’s credit card to your OCBC credit card.
Do that and you will enjoy savings of up to 60% in interest charges. There will not be processing fees or handling charges.
You will also have more control over your repayments with fixed monthly instalments and repayment tenure.
OCBC Balance Conversion
With OCBC Balance Conversion, combine multiple purchases on your credit card and convert multiple retail transactions into affordable monthly repayments at only 7.99% p.a from 12 to 36 months.
There is no lock-in period.
When you apply for OCBC Balance Conversion, your retail transactions must appear within the current month's statement and must not pass your Payment Due Date.
Also, the minimum Balance Conversion amount is RM1,000 and it can be a combination of more than 1 transaction.
OCBC Flexi Balance Transfer
OCBC’s smart credit card balance transfer gives you the freedom to make flexible repayments.
Enjoy flexible repayment at a minimum monthly payment amount of 6% of your total outstanding amount or RM50, whichever is higher.
The more you pay upfront, the lesser interest you will have to pay. The minimum transfer is only RM1,000.
OCBC Easy Payment Plan
With OCBC Easy Payment Plan, you can stretch retail purchases into affordable repayments of 5, 10 or 20 months with a one-time handling fee of 4%-7%.
This would mean that you can enjoy up to 20 months of interest-free shopping with Easy Payment Plan. No early exit fee and no paperwork are required!
Nothing beats being a click away from getting instant cash!
Get convenient access to cash with fixed instalments of up to 36 months. Get OCBC Call-for-Cash for up to 80% of your OCBC Card available limit.
You’re just a click away from getting the cash that you need.
What are the interest rates for OCBC credit cards?
OCBC adopts a tiered interest rate in a range of 15% - 18% per annum.
The interest rate charged will commonly be higher should you have a history of inconsistent repayments and lower interest rates if you are prompt in repayments.
What are the minimum monthly repayments for OCBC credit cards?
OCBC members are required to make minimum monthly repayments of 5% of the current balance or a minimum of RM50, whichever is higher.
The monthly repayments of your OCBC card will have to be made on the stipulated due date.
Failing to do so may result in a late payment charge of a minimum of RM10 or 1% of the total outstanding balance (excluding interests and fees), whichever is higher and up to a maximum of RM100.
How much does it cost to get a replacement card?
First and foremost, do call 03 8317 5000 for assistance to quickly block your card.
If your OCBC credit card got lost, stolen or damaged, you can get a replacement credit card for RM50 per card generally within 5-7 working days from the date of issuance.
Where to check credit card balances and unbilled transactions?
You can check your OCBC card balance and available credit via Online Banking using your Login ID, Password and One-Time Password.
Another option is through phone banking by dialling 03 8317 5000.
Am I eligible to apply for OCBC credit cards?
To apply for OCBC cards, the principal cardholder will have to be at least 21 years old, while the supplementary cardholder is to be at least 18 years old.
Minimum annual income differs from card to card.
|APPLY FOR OCBC CREDIT CARD - ELIGIBILITY|
|Age of Principal Cardholder||Minimum 21 years old|
|Age of Supplementary Cardholder||Minimum 18 years old|
|Income Requirement (monthly)*|
*Please note that the minimum income requirement for expats might be different.
What are the documents required to apply for an OCBC credit card?
You can compare and apply here.
To speed up your application, it’s best to prepare the general documents required for the application like the following.
|DOCUMENTS TO APPLY FOR OCBC CREDIT CARDS|
|Salaried Employee/Directors (Sdn. Bhd.)||Commission Earner||Self Employed, Business Partner, Non-salaried Company Director (Sdn. Bhd.)|
✔ Copy of IC (both sides)
✔ Latest EPF Statements with at least 6 months' contribution (for Malaysian)
✔ Latest Central Provident Fund (CPF) statement (for Malaysian working in Singapore with Singapore PR)
✔ Latest 3 months' Salary Slip, AND
✔ Latest 1-month pay slip (fixed income), OR
✔ Bank Statement from recent 4 months if not subject to EPF deduction
✔ Copy of IC (both sides)
✔ Latest 3 months' Salary Slip
✔ Bank Statements (with basic salary)
✔ Latest 6 months' Commission Statements
✔ Proof of Tax Payment / Monthly Tax Deduction / Notice of Assessment (NOA), AND
✔ Bank Statements (without basic salary), OR
✔ Form B / BE / E-Filing with Validated Tax Receipt
✔ Copy of IC (both sides)
✔ Form 24 / 29 / Credit Bureau Malaysia (CBM) / Suruhanjaya Syarikat Malaysia (SSM)
✔ Form B / BE / E-Filing with Validated Tax Receipt
✔ Validated Bank Statement to evidence the tax payment
✔ Latest 6 months' Company Bank Statements
✔ Proof of Tax Payment, OR
✔ Monthly Tax Deduction / Notice of Assessment (NOA)
How do I apply for OCBC Credit Cards?
An application can be made online! All you have to do is to compare all the cards on RinggitPlus and apply.
Best OCBC Credit Cards in Malaysia 2023:
- OCBC MasterCard Pink
If owning all that pink is your favourite, you should have your eyes on the OCBC Mastercard Pink. Explore the sweeter side of life with this OCBC Malaysia credit card. No annual fee ever and up to 1% unlimited cashback on your retail spending, anytime, anywhere.
- OCBC MasterCard Blue
Feel the steely confidence of the OCBC Mastercard Blue. A great entry-level OCBC card, suitable for young working professionals to start taking advantage of a credit line. Uncapped up to 1% cash rebate on all your retail spending and an annual fee that's waived for life.
- OCBC Great Eastern Platinum MasterCard
OCBC Great Eastern Platinum MasterCard aims to bring the best of both worlds – credit card and insurance – to its cardholders. Exclusively for Great Eastern policyholders, this OCBC card allows you to pay for purchases and bills, as well as covers you with up to RM100,000 insurance coverage on death and TPD!
- OCBC 365
Earn unlimited cashback all year long, enjoy hassle-free auto bill payments, and zero annual fees for three years. What’s more, enjoy a 20-day interest-free purchase, annual fee waiver and unlimited cashback with OCBC 365.
- OCBC World MasterCard
Open up a treasure trove of benefits and exclusive privileges with the OCBC World MasterCard. Travel in style with instant access to KLIA Plaza Premium Lounge, free travel insurance, and a 24/7 concierge! Go ahead and live life on your own terms because you've earned it - all made possible with your OCBC credit card rewards.
- OCBC Premier Voyage Card
Certainly, the most exclusive and quite possibly the best OCBC credit card, made from duralumin, a metal alloy. Earn Voyage Miles that never expire, and use them to redeem free flights whenever you want. The OCBC Voyage card elevates your travel with 4x complimentary entries to KLIA Flight Club, travel accident insurance of up to $1 million and 24-hour Voyage Exchange concierge service to assist you during the holiday.