OCBC 365 Credit Card

Unfortunately if you are only spending $800/month on the OCBC365 card it is not possible at all to hit the cashback cap of $80 which is a 10% cashback since the OCBC365 rebate categories only give 3-6% cashback. You should think of the $80 as the upper limit on what OCBC will give, which is really only relevant if you spend much more than 800/month on the card. I hope that helps out?

One tip I would love to share with you to maximise your cash rebate is to do a quick search on https://www.whatcard.sg/ to see if you get bonus cashback on OCBC365 card before spending. This has been very helpful for me to determine my cash back situation and I am sure it help you figure out how to best maximise credit card rewards.

My friend if you are only spending $800/month on the OCBC365 card then unfortunately you may not be able to hit the cashback cap of $80 (which is a 10% cashback in the actual sense) since the OCBC365 rebate categories only give 3-6% cashback. You should however consider the $80 as the upper limit on what OCBC will give you, which is really only applicable if you spend much more than 800/month on the card. Finally, the 0.3% bonus interest rate on OCBC360 account is not considered part of the $80 cashback. Unfortunately again. All the best my friend.

The following are excluded from the computation of the minimum S$800 monthly spend on the OCBC 365 Credit Card - Annual card fees, Cash-On-Instalments, Instalment Payment Plan, PayLite, tax payments, interest, late payment charges, cash advances, balance transfers, bill payments made via Internet Banking, AXS or SAM network, and other fees and charges. As for your second question, the transaction date refers to the date when a purchase is made while the posting date refers to the date the transaction is received by the card issuer which is OCBC Bank. As merchants may make a settlement a few days after the transaction has been made, posting date may be a few days later than the transaction date. As such, the bank has no control over when merchant records the transaction. The cashback computation is based on the transactions posted within the calendar month.