This card from OCBC is catered for everyday use and hence aptly named 365. It is a card designed for providing cashback on online shopping and offers an uncapped rebate. The card is also packed with utility features such as 20 day interest free periods and easy bill payment options.
· The cardholder must be a minimum of 21 years of age as at last birthday
· To avail this card, the cardholder should earn minimum income of RM 24000 per annum
· The annual fees for the Primary Card is RM 106 per annum
· The annual fees for the Supplementary Card is RM 53 per annum
· Annual Fees is waived for the first year for first time cardholders or those who have last held an OCBC card a minimum of 12 months ago
The main feature of the OCBC 365 MasterCard is that it offers a rebate on all retail expenses. Retail expenses are inclusive of online shopping, e-commerce websites and instalment payment plans but do not include balance transfer plans. The rebates offered are dependent on the amount charged to the card and the card offers a rebate of 1% for the first RM 1000 charged to the card and any subsequent amount exceeding RM 1000 attracts a rebate of 0.5%. The rebates thus offered do not have any maximum cap limit and are credited to the cardholder’s credit cards account on the last day of the billing cycle
The card allows its holders to enjoy a 20 day interest free period from the date of billing on all retail purchases. Select merchant outlets offer the option of converting purchases into interest free instalment plans
The card offers the convenience of paying utility bills using the OCBC Paymaster through which utility bill payments and other service bill payments can be made automatically through monthly debits from the 365 MasterCard credit card.
The OCBC 365 MasterCard also offers great deals and exciting promotional offers to the cardholders. These offers may be regional or local and one such local offer is the chance to win an attractive laptop backpack upon swiping the OCBC card 3 times within a span of 45 days from date of card’s approval. Opting for a balance transfer plan that is approved and maintained at least for a period of 3 months earns the cardholder a 28 inch luggage bag