OCBC Elite World Card: Everything You Need To Know
A rare spectacle in the world of credit cards has been born in the name of OCBC Elite World Card. The revered credit card offers a suite of privileges all designed to complement user’s lifestyle in a rare, breathtaking way.
OCBC has taken its time with the credit card to offer unparalleled access to world-class services and experiences befitting any status of a VIP customer. Whatever the heart desires OCBC Elite World Card promises all in the effort of making life worth living.
Requirements to Becoming An OCBC Elite World Card Cardholder
OCBC Elite World Card is only available through invitation. Making it a masterpiece for people who cherish exclusivity. The exclusivity aspect has seen it become a coveted credit card by premier banking customers, backed by a 1% rebate on overseas spend as well as duty-free.
To be a cardholder one has to receive an invite from the bank. In case of an invite, one needs to pay an annual fee of $1,605. In addition, one should have a monthly salary of more than $250,000 more per annum.
However, there is also a way to enjoy some of the perks offered by the credit card on becoming Premier Banking Customer. Those who don’t get an invite but still want the credit card can apply to become a Premier Bank Customer with deposits or investments of up to $200,000.
OCBC Elite World Card Features
Convenience is what OCBC Elite World Card is all about, as it looks to differentiate itself from the competition. The card is designed to be a replacement for all payment methods. Cardholders can withdraw money using the card from any OCBC ATM island wide as well as from any MasterCard/ Cirrus ATM worldwide
OCBC Rewards Program
OCBC Elite World Card lets users get the best out of every dollar they spend as part of the rewards program. Every dollar spent on the credit card one stands to earn 1OCBC$ points that can be redeemed online for rewards at merchant locations including Top Show, TANGS, and Godiva
In addition, the OCBC$ points can be redeemed for other offers such as seasonal rewards, instant cash rebates at selected merchants. One can also redeem the points for air miles on Singapore Airlines.
3X OCBC$ Overseas Spending Bonus
OCBC Elite World Card cardholders stand a chance to earn bonus reward on using the card while on overseas trips. For every $1 charged on the card in foreign currency, one stands to gain 3X OCBC$ points.
Luxury MasterCard Concierge Programmed
Cardholders also stand a chance to travel in comfort and style under the MasterCard Concierge program. The dedicated team under the program is focused at helping cardholders find what they need while traveling.
Some of the services on offer under the concierge program include help on sourcing for theater show tickets as well as recommendations on where to shop, eat or party depending on location. The concierge program is designed to help cardholders find the finer things in life.
Golf and Lifestyle Privileges
With OCBC Elite World Card, one also stands to get special discounts and offers on some of the best golf course around the world. In addition, cardholders can also take advantage of lifestyle privileges on offer, which includes deals and discounts to big name lifestyle brands such as Antique, The Aesthetic clinic, Resorts World Sentosa.
Travel and Hotel Bookings Perks
OCBC Elite World Card cardholders can also enjoy discounts at hotels as well as exclusive deals on things like beverages and rental cars. Worldwide VIP airport lounge access is also on order as part of the Complimentary Priority Pass membership. With the card, you could also be expedited through security and immigration when running out of time.
With OCBC Elite World Card, you can travel all over the world with a peace of mind on the assurance of quality international medical and travel assistance. OCBC Elite World Card eliminates the need for taking out separate travel insurance. OCBC Premier World Elite Debit Card automatically registers users to comprehensive Travel insurance that also covers other family members.
The card offers up to $1 million of travel accident coverage as well as emergency medical insurance coverage of up to $1 million for overseas medical expenses. A flight delay and missed flight/connection coverage of up to $400 in addition to reimbursement coverage on a hotel, phone, and restaurant charges.
OCBC Elite World Card also offers a baggage insurance cover of $400 in case luggage on transit is not delivered within 6 hours of arrival at destination. If luggage is lost, one can claim $800 as compensation. However, there are terms and conditions attached to the insurance mentioned above benefits.
OCBC Elite World Card Additional Privileges
In addition to the perks mentioned above, OCBC Elite World Cardholders can enjoy discounts of up to 50% at over 2,000 retail Outlets Island wide. It also comes with dining privileges at over 500 preferred establishments.
OCBC Elite World Card offers up to 24 months of 0% interest installment plans at more than 1,500 merchants. One can also take advantage of special interests when transferring outstanding balances to other credit cards or lines of credit. Cardholders can also link up to five OCBC Savings and five OCBC current accounts.
Keeping up with the saying no one card is best and that every card is capable of being perfect for different people, OCBC continues to offer a variety of cards that people can choose from
OCBC Titanium Rewards Card
OCBC Titanium Rewards Card is another reward card provided by OCBC, worth owning especially for people who wish to take more rewards points in more places. Up to 10X OCBC$ points is on offer on every S$1 spent on online stores with the credit card, in retail stores locally and overseas as well as on making mobile payments.
The credit card also comes with an e-commerce protection feature that allows holders to get the best online deals.
OCBC 365 Credit Card
OCBC 365 Credit Card is a no-fee cash back credit card that is ideal for everyday way of life. The card comes with some of the best rebates ranging from dining 6% to Petrol 23.9% designed to cater for cardholder’s day to day way of life.
The card is open to everyone because of the fee waiver and ideal for people who spend more than $10,000 a year. Annual fee of S$192.6 is waived for the first two years and subsequently waived for annual spending of more than S$10,000.
OCBC Frank Card
OCBC Frank Card is an ideal credit card for people who indulge in online shopping. The card comes with rewards of up to 6% on online expense as well as 5% on entertainment expenses which can help save a lot on shopping and leisure.
The card comes with an S$80 annual fee waived for two years. The cost is also waived on people who achieve the low spending requirements of S$10,000 a year. Cardholders can also take advantage of 5% rebate on entertainment expense on weekends and 3% on weekdays. There is also a 14% rebate on petrol expense at Caltex and Esso Solutions.
OCBC Cashflo Card
OCBC Cashflo Card is for people looking for a no-fee credit card with 0% installment plan. It’ is the only credit card that comes with a 0% installment plan, with a fee waiver of $160.5 for the first two years. Spending more than S$10,000 a year also entitles one to the fee waiver.
The card also comes with a 1% cash rebate on a monthly bill of at least S$1000 and a 0.5% cash rebate on a monthly rebate of below S$1000.
OCBC Voyage is for people with unpredictable travel schedule accompanied by high spending power. The card acts as a rewards program allowing users to redeem miles for any flight at any time. A high annual fee of $488 is perfectly offset with the 1.6 miles earned for every S$1 sent on local dining and retail.
Cardholders also stand to earn 2.3 miles for every S$1 spent overseas. The card is thus ideal for busy professionals as it comes with unlimited VIP lounge access as well as complimentary travel insurance and free airport limo service.
Fees to Pay Close Watch to On Credit Cards
Annual costs are not the only charges that one has to worry about when it comes to credit cards usage. Other fees may look miscellaneous but go a long way in affecting the benefits of a credit card, thus worth paying close watch to.
Balance Transfer Fee
A Balance Transfer Fee is a credit charge that comes into being when one transfers funds from one credit card to another. The fee is usually 2-4% of the amount that one transfers.
Cash Advance Fees
Cash Advanced Fee is typically charged when one withdraws cash from an ATM using the available credit line. In this case, one may be charged up to 6% of the transaction amount in the form of Cash advance fees. A 2% daily charge is accrued in the case of an unpaid withdrawn balance.
Foreign Transaction Fee
A foreign transaction fee is usually incurred whenever a credit card is used outside Singapore. The fee mostly comes into being when cardholders are traveling to new areas or when making online transactions. The charge is usually 2.5% to 3% of the prevailing foreign exchange rate.