Review: OCBC Titanium Rewards Card

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Is the OCBC Titanium Rewards Card worth adding to your line-up?

Here’s the Milelion’s review of the OCBC Titanium Rewards Card, OCBC’s flagship rewards offering. Ever since its 2016 relaunch, it’s been making waves in the miles and points game, thanks to generous promotions on mobile payments, public transport and IKEA, to name a few.

But can it continue to stand out in a very crowded rewards card space?

💳 tl;dr: ★★★★
It’s not as essential as the Citi Rewards or DBS Woman’s World Card, but the OCBC Titanium Rewards is still an excellent option for anyone who shops online. Cardholders periodically enjoy some excellent bonus points promotions too. 
The goodThe bad
  • 4 mpd cap applied on annual basis
  • Frequent bonus points promotions
  • S$5 earning blocks
  • Not as many bonus categories as other online spending cards
  • Only one transfer partner
This OCBC Titanium Rewards review forms part of my collection of credit card reviews. I’m constantly adding new ones, and you can browse the entire collection here.

Overview: OCBC Titanium Rewards

Let’s start this review by looking at the key features of the OCBC Titanium Rewards Card.

Apply Here
Income Req.S$30,000 p.a Points Validity2 years
Annual FeeS$192.60
(2 Years Free)
25,000 OCBC$
(10,000 miles)
Miles with
Annual Fee
  • Singapore Airlines
FCY Fee3.25%Transfer FeeS$25
Local Earn0.4 mpdPoints Pool?Yes
FCY Earn0.4 mpdLounge Access?No
Special Earn4 mpd on online and offline shoppingAirport Limo?No
Cardholder Terms and Conditions

There are two variants of the OCBC Titanium Rewards Card- the Blue and the Pink. Both cards are identical in every way except colour. You’re perfectly at liberty to apply for either, or both (useful because each card has its own 4 mpd cap, read more on that below). 

ocbc titanium rewards review

How much must I earn to qualify for an OCBC Titanium Rewards Card?

ocbc titanium rewards card income requirement

The OCBC Titanium Rewards card has an income requirement of just S$30,000 p.a.

If you do not meet the minimum income requirement, it’s possible to get a secured version of the card by depositing S$10,000 in a fixed deposit with OCBC. Visit any OCBC branch to do the necessary paperwork. 

How much is the OCBC Titanium Rewards Card’s annual fee?

 Principal CardSupp. Card
First 2 YearsFreeFree

The OCBC Titanium Rewards Card has an annual fee of S$192.60 for the principal cardholder, and S$96.30 for each supplementary card. These fees are waived for the first 2 years. A fee waiver will be automatically granted if you spend at least S$10,000 in a membership year. 

No bonus points are awarded for the payment of the annual fee. 

What sign-up bonus or gifts are available?

OCBC periodically offers sign-up bonuses for both existing and new-to-bank customers (defined as those who do not currently hold a principal OCBC credit card, and have not in the 12 months before application).

In March 2019, for instance, new-to-bank customers could earn 12,800 bonus miles just by spending S$300 in the month after approval. More recently, we’ve seen OCBC offering S$100 cash/GrabFood vouchers. 

Here’s the current sign-up offer:

🎁 Current Sign-Up Bonuses/Gifts

Get S$100 GrabFood vouchers upon approval (T&C)

Get S$50 GrabFood vouchers when you spend S$300 in the first month, capped at first 1,000 customers (T&C)

Offer valid till 31 July 2020

How many miles do I earn?

🇸🇬 SGD Spending🌎 FCY Spending➕ Bonus Spending
0.4 mpd0.4 mpd4 mpd on online and offline shopping

SGD/FCY Spending

OCBC Titanium Rewards Card members earn 5 OCBC$ for every S$5 spent in Singapore Dollars or foreign currency (FCY). 1 OCBC$ is worth 0.4 airline miles, so that’s an equivalent earn rate of 0.4 mpd for both local and FCY spending. 

All transactions not in Singapore dollars attract an FCY fee of 3.25%.

Needless to say, this isn’t the reason you get an OCBC Titanium Rewards Card.

Bonus Spending

ocbc bonus categories

OCBC Titanium Rewards Card members earn 50 OCBC$ for every S$5 spent on online and offline shopping, whether in local or FCY. This is an effective earn rate of 4 mpd. 

OCBC defines shopping as purchases made at any merchant with the following MCCs:

  • MCC 5311: Department Stores
  • MCC 5611: Men’s and Boys’ Clothing and Accessories Stores
  • MCC 5621: Women’s Ready to Wear Stores
  • MCC 5631: Women’s Accessory and Specialty Stores
  • MCC 5641: Children’s and Infants’ Wear Stores
  • MCC 5651: Family Clothing Stores
  • MCC 5661: Shoe Stores
  • MCC 5691: Men’s and Women’s Clothing Stores
  • MCC 5045: Computers, Peripherals, and Software
  • MCC 5732: Electronics Stores
  • MCC 5699: Miscellaneous Apparel and Accessory Shops

In addition to this, transactions at the following websites are also eligible for 4 mpd:

  • Alibaba
  • AliExpress
  • Amazon
  • Courts
  • Daigou
  • Ezbuy
  • IKEA
  • Lazada
  • Mustafa Centre
  • Qoo10
  • Shopee
  • Taobao

The above list is not exhaustive, and OCBC maintains an active presence on the HWZ forums, answering questions about merchant eligibility. If you’re unsure about a specific merchant, that’s your best shot of getting an answer. 

The HWZ community has put together a spreadsheet of retailers which have also been confirmed to earn 4 mpd. This includes:

  • Apple (both online and in-store)
  • Audio House
  • Best Denki
  • Challenger
  • Gain City
  • Harvey Norman
  • Isetan
  • Microsoft
  • Marks & Spencer
  • Parisilk

The 4 mpd rate is capped at $12,000 of spending per membership year. If you were approved for the card in January 2020, your cap will be reset on 1 January 2021. 

Most other 4 mpd cards apply a monthly cap, which makes the OCBC Titanium Rewards Card a superior option for big ticket purchases. For example, if you wanted to buy a S$3,000 laptop online, the Citi Rewards would award 4 mpd on the first S$1,000 only, and 0.4 mpd for the remaining S$2,000. In contrast, the OCBC Titanium Rewards would give you 4 mpd on the full S$3,000.

Caps are applied on a per card basis. If you have both the Blue and Pink versions of the OCBC Titanium Rewards Card, you’ll enjoy a combined annual cap of S$24,000. 

The OCBC Titanium Rewards Card periodically runs some fantastic bonus points promotions, which are a great way to pick up a few more miles:

Do note that some of these promotions are targeted; to receive these alerts, ensure you’ve given consent to receive marketing messages from OCBC (you can opt in via i-banking). 

When are OCBC$ credited?

Not all your OCBC$ are credited immediately. Base points will be awarded when the transaction posts (typically in 1-3 working days), and bonus points will be received by the end of the next calendar month.

Base PointsCredited when transaction posts
Bonus PointsCredited by the end of the next calendar month
💡 Check your credit card points and breakdowns by following the steps here

How are OCBC$ calculated?

Here’s how you can work out the OCBC$ earned on your OCBC Titanium Rewards Card:

Base PointsRound down transaction to nearest S$5, then divide by 5 and multiply by 5
Bonus Points
Round down transaction to nearest S$5, then divide by 5 and multiply 45

On 1 June 2020, OCBC started awarding credit card points in blocks of S$5. This means you’ll be penalized should your transaction not be in a block of S$5. For example, a S$9.90 transaction will earn the same number of points as a S$5 transaction, and a S$4.90 transaction will earn zero points. In other words, the minimum transaction to earn points is S$5. 

Here’s how this policy affects the miles you earn on the OCBC Titanium Rewards Card, compared to another 4 mpd card like the Citi Rewards

 OCBC Titanium RewardsCiti Rewards
$520 miles20 miles
$9.9920 miles36 miles
$1560 miles60 miles
$19.9960 miles76 miles
$25100 miles100 miles
$29.99100 miles116 miles

If you’re an excel geek, here’s the formulas you need to calculate points: 

Base Points=ROUNDDOWN (X/5,0)*5
Bonus Points
=ROUNDDOWN (X/5,0)*45
Where X= Amount Spent

For the full list of formulas that banks use to calculate credit card points, do refer to these articles:

What transactions aren’t eligible for OCBC$?

A full list of transactions that do not earn OCBC$ can be found in the T&C. I’ve highlighted a few noteworthy categories below:

  • Charitable Donations
  • Education
  • GrabPay top-ups
  • Government Services 
  • Insurance
  • Non-profit and government hospitals
  • Real Estate Agents & Managers

The OCBC Titanium Rewards will not earn 4 mpd on platforms like CardUp, ipaymy and RentHero, so don’t waste your admin fee trying it out. 

You can earn points with SimplyGo, but there’s no reason to settle for 0.4 mpd when much better options exist. 

What do I need to know about OCBC$?

OCBC$ expire after 2 years.

It’s important to note that OCBC has three different rewards currencies:

  • OCBC$
  • Travel$
  • VOYAGE Miles

OCBC$ pool across all cards that earn OCBC$, but do not pool with other currencies. 

For example, if you have 20,000 OCBC$ on both the Blue and Pink versions of the OCBC Titanium Rewards Card, you can redeem 40,000 OCBC$ at one shot and pay a single conversion fee. However, you cannot redeem Travel$ together with OCBC$. 

Since OCBC$ pool, you do not need to transfer them out before cancelling your OCBC Titanium Rewards Card, assuming it’s not your last OCBC$-earning card. 

OCBC only has a single airline transfer partner- KrisFlyer. OCBC$ transfer at a 5:2 ratio, with a minimum transfer block of 25,000 OCBC$. 

Frequent Flyer ProgramConversion Ratio
(OCBC$: Miles)
krisflyer logo25,000: 10,000

Transfers cost S$25 per program, regardless of how many points are transferred.

OCBC$ can also be traded on STACK, OCBC’s loyalty exchange platform. This allows you to convert OCBC$ into other rewards currencies, or spend them on rewards vouchers (usually at a poor rate). 

ocbc stack

STACK currently offers points conversions between the following programs:

  • OCBC$
  • Travel$
  • VOYAGE Miles
  • AMperkz
  • My Millennium
  • Robinson$

Unfortunately, there are no real arbitrage opportunities available- it’s not like you can grow your OCBC$ by trading them for Travel$. STACK is more useful for cashing out orphan points that would otherwise go to waste. For example, I may not normally stay at Millennium Hotel properties, but on the odd occasion I do, there’s still value in collecting the loyalty points so I can trade them for a currency I actually use.

Here’s how different points currencies map to each other. Do note that it’s currently not possible to transfer points into OCBC$.

 Converts into…
 Travel$OCBC$VMR$UPGREATMy PointsAMperkz
 1 Travel$N/AN/A0.9373.0751.6302.3973.26
1 OCBC$0.227N/A0.2130.6980.3700.5440.74
 1 VM1.067N/AN/A3.2831.7402.559 3.48
 1 R$0.325N/A0.304N/A0.5300.7791.06 
 1 UPGREAT 0.613N/A0.5751.887N/A1.471 2.00
 1 My Point0.417N/A0.3911.2830.680N/A 1.36
1 AMperkz 0.307N/A 0.2870.943 0.5000.735 N/A

Other card perks

2% rebate at Best Denki

OCBC Titanium Rewards Card members will earn an additional 2% cash rebate on top of the 4 mpd at Best Denki, up till 31 January 2021. 

There is no cap on the maximum cashback that can be earned. 

Discounted lounge access

mastercard loungekey

There’s no free lounge visits on this card, but cardholders can purchase them at a rate of US$27 each via LoungeKey and the Mastercard Airport Experiences program. 

Summary Review: OCBC Titanium Rewards Card

Apply Here

As far as 4 mpd cards come, the OCBC Titanium Rewards Card isn’t as “brainless” as the Citi Rewards or DBS Woman’s World Card. While the latter two earn 4 mpd on almost all online transactions, the OCBC Titanium Rewards confines the bonus to a smaller range of MCCs. You’ll need to be careful not to use it for online groceries, or food delivery for example. 

That said, it covers all your essential e-commerce merchants (not to mention offline department stores and boutiques), and the annual (instead of monthly) 4 mpd cap makes it a great choice for big ticket purchases. The frequent bonus points promotions are just the icing on the cake. 

For large spenders, getting both the Blue and Pink versions doubles your 4 mpd cap to S$24,000 per membership year, or 96,000 miles. That’s an excellent overall return, equivalent to a one-way Business Class ticket from Singapore to Los Angeles/San Francisco/Seattle. 

So that’s my review of the OCBC Titanium Rewards Card. What do you think?

Overall Score
Ratings Guide
5 Stars
An essential card for miles chasers, with few viable alternatives 
4 Stars
A very good card, although other equally good alternatives may exist
3 Stars
A decent card to round out your collection, but not absolutely essential
2 Stars
Very limited use cases, and outperformed by most other cards
1 Star

Paperweight. Use for picking teeth or ninja stars
Aaron Wong
Aaron Wong
Aaron founded The Milelion to help people travel better for less and impress chiobu. He was 50% successful.

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Overall a solid card. I think it would be 4.5* if OCBC had a greater range of transfer partners.


Personally, I feel that they cater to different use cases, although I see where you’re coming from. This would be the card I use if I had a purchase costing more than $2K.


“For example, if you have 20,000 OCBC$ on both the Blue and Pink versions of the OCBC Titanium Rewards Card, you can redeem 40,000 OCBC$ at one shot and pay a single conversion fee.”   I think the example is slightly misleading as you cannot redeem 40,000 OCBC$ at one shot since you must convert in multiples of 25,000 OCBC$.   Also, it seems from OCBC rewards redemption website that it is possible to transfer OCBC$ from one principal cardholder to another principal cardholder for 2,300 OCBC$ which may be useful if you have less than 25,000 OCBC$ and wish… Read more »


Hi, anyone knows if there’s a way to track how much I’ve spent in the membership year?


Does this work when you link the card to the Amaze card?


Think it does. But unsure how it will work overseas, cos now cannot find the MCC of merchants easily, let alone overseas.


Let’s say I’m going to Uk/France, any tips on finding out whether I can get 4mpd on shops like Primark or even boutiques like Chanel/LV?



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