What are the criteria to earn an annual fee waiver for an OCBC Cashflo Credit Card?

I will be 21 in two months and hope I will be eligible for the credit card but I would in particular like to know what criteria I have to meet to be eligible for an annual fee waiver?Cash Rebate 1% Cash Rebate with monthly bill of more than $1,000

Confused About Financial Products?

You can chat directly and receive the best offers from the experts.

  • user image

    No Name

    To earn an annual fee waiver for your OCBC Cashflo Credit Card, you must meet the minimum spending of at least $10,000 in one year, starting from the month in which your OCBC Cashflo Credit Card was issued. And yes in two months when you turn 21 years old, you will be eligible for the product but bear in mind you also need an annual Income of $30,000 and above for Singaporeans and PRs while the annual income of $45,000 is fixed for foreigners

    2019.08.01 2:54

    Please leave your knowledge and opinion!

    Recommending Reviews

    Earn up to 1% rebate on your purchase

    OCBC Cashflo Credit Card / Oversea-Chinese Banking Corporation

    If you target to spend on major event tickets and high price items with the plan to split by instalment then this card is for you. However I notice that if you have an existing OCBC saving account, it makes bill payments much more seamless. And aside from being able to split payment into monthly instalments interest free, you can earn up to 1% rebate on your purchase. Only few cards in the market that allow auto convert spending into interest free instalment and still be entitled to 0.5% or 1% cash rebate.

    Card offers a 0% interest instalment plan that does not charge a processing fee

    OCBC Cashflo Credit Card / Oversea-Chinese Banking Corporation

    If you’re looking for a hassle-free shopping card for big purchases, there’s no better option than the OCBC Cashflo Card. This card offers a 0% interest instalment plan that, unlike the competition, does not charge a processing fee and rewards payments of up to 1% rebate which actually the highest on the market.

    OCBC Cashflo Card allows you to conveniently shop now and pay later

    OCBC Cashflo Credit Card / Oversea-Chinese Banking Corporation

    OCBC Cashflo Card offers a ‘trigger’ system that is set up to automatically split payments at a given threshold. Almost all other cards require you to call ahead and apply before making the purchase however that is not the case with OCBC Cashflo Card which allows you to conveniently shop now and pay later, and even enjoy 1% cashback on instalments.

    A convenient 0% interest instalment plan and 1% flat rebate

    OCBC Cashflo Credit Card / Oversea-Chinese Banking Corporation

    OCBC Cashflo Card benefits consumers who frequently spend more than they can immediately afford by providing a convenient 0% interest instalment plan and by offering 1% flat rebate after $1,000 monthly spend (0.5% if below). Cardholders can not only enjoy worry-free shopping, they can also earn on most of their expenditures.

    Consumers specify a threshold for which transactions are automatically split into instalments

    OCBC Cashflo Credit Card / Oversea-Chinese Banking Corporation

    Not to sound too familiar but I actually find OCBC Cashflo Card’s instalment plan to be especially convenient. It offers a unique trigger system that permits consumers to make big, spontaneous purchases without calling ahead or waiting for approval. Consumers specify a threshold for which transactions are automatically split into instalments, with duration based on the total transaction amount. Consumers can then split charges as low as S$100 across as little as 3 months.

    Automatically splits the payments into monthly instalments

    OCBC Cashflo Credit Card / Oversea-Chinese Banking Corporation

    The OCBC Cashflo Credit Card is very perfect for big spending as it automatically splits the payments into monthly instalments that is paying over a 3 months period when spending $100 to $1,000 or paying over a 6 months period when spending above $1,000. With the help of monthly instalment it turns out I do not have to keep track of my monthly spending in order to meet minimum spending of $500 for additional interest for my saving account.

    Related Forums

    What are investments in Singapore that would provide guaranteed principal and returns?

    What will happen if a foreigner borrows money from unlicensed money lenders?

    What skills should I have to be a good investor?

    Are there free sim plans in Singapore?

    What are thee companies that offer monthly investment plans and who are the individuals who should get these plans?

    What are Stocks?

    Related Reviews

    Spend S$1,500 in the first 3 months to receive 24,000 Membership Rewards points

    American Express Rewards Card / American Express International

    The welcome bonus with this card is quite mouth-watering. Simply spend S$1,500 in the first 3 months to receive 24,000 Membership Rewards points. That you will find to be enough points to redeem for S$110 cash credit. Plus you can see the points add up with 100% bonus points on all spend in your first 3 months of Card Membership. I have been using this card now for 6 months and am yet to find reasons to complain.

    This card gives me $80 cash rebates every month.

    OCBC 365 Credit Card / Oversea-Chinese Banking Corporation

    I fancy the OCBC 365 credit because it has cash rebate of $80, but only after you full fill their criteria. They require a minimum spending of $800 per month which in turn earns interest from different spending. This card suits me just fine being that I have broad spending habit and in the process it gives me $80 cash rebates every month. My only dislike is the rebate on the general spending which is 0.3%.

    5% year-round cash rebates on dining, groceries, petrol and more

    HSBC Premier MasterCard / HSBC Bank Singapore

    For me nothing beats the 5% year-round cash rebates on dining, groceries, petrol and transport (that is taxis, ride hailing, trains and buses inclusive), locally and overseas when you spend minimum S$600 per month. And the cash rebate is capped at S$150 per month. So if you don’t drive, not to worry as you can enjoy 5% cash rebate for your transportation needs, be it a taxi ride, a booking made via ride hailing apps, or trains/buses.

    Fantastic Rewards

    HSBC VISA Platinum Credit Card

    A 5% cash rebate on fuel purchases and a 16% instant discount is a great deal for me I must say, the HSBC VISA Platinum Credit Card indeed makes driving more fun for me as i always look forward to the 16% instant discount plus 5% cash rebate on all fuel spend at Caltex and Shell stations

    Close to 6.5% rebates on dining

    American Express CapitaCard / American Express International

    I have held this card for quite a long time and one thing I like about the card is the fact that it is used for CapitaLand malls and they are almost everywhere. So I enjoy dining taking advantage of the 10x rewards merchants to accumulate the points faster. Imagine getting close to 6.5% rebates on dining. Not to forget their sign up bonus of $60 rebates in vouchers when you spend $1,500. That's a 4% rebate excluding the points you will earn which will convert into vouchers too.

    Spa privileges that come with card membership

    American Express Platinum Credit Card / American Express International

    I find it very pleasant and rewarding the Platinum Wellness offerings of the AMEX Express Platinum Credit Card as I get to rest and replenish after a hard week at work. I treat myself to spa privileges that come with my Card Membership with spa vouchers from Adeva Spa, Spa Rael and The Ultimate. I do this one’s a week and enjoy up to 40% off à la carte spa services at Adeva Spa, Spa Rael and The Ultimate. Simply relaxing and feels good to be pampered.

    Confused About Financial Products?

    You can chat directly and receive the best offers from the experts.