OCBC has launched a new sign-up offer for the 90°N Card, which runs till 30 June 2021. New 90°N cardholders can receive S$50 to S$150 of cashback, with a minimum spend of S$1,000.
What’s interesting is that OCBC has also extended this offer to existing OCBC cardholders- something you don’t see every day.
OCBC 90°N sign-up offer
This offer runs from 25 May to 30 June 2021, with both applications and approvals needing to fall within this window.
New cardholders who make a minimum qualifying spend of at least S$1,000 during the qualifying spend period will receive a S$50-150 cash rebate as follows:
|New to Bank|
Do not have any existing relationship with OCBC Bank
|New to Card|
Do not have any OCBC credit card now, or in the past 12 months prior to 25 May 2021
|Existing to Card|
Have existing OCBC credit card (or cancelled one in past 12 months prior to 25 May 2021)
The qualifying spend period ranges from 1-2 months, depending on when your card is approved.
|Card Approval Month||Qualifying Spend Period|
|May 2021||1 May – 30 June 2021|
|June 2021||1 June – 31 July 2021|
In an ideal world, you’d apply as close as possible to the start of the month, to give yourself the most time to hit the minimum spend. However, since OCBC is running a “first X” style promotion, you don’t want to wait till June rolls round to apply.
Eligible cardmembers will receive the cash rebate within two months from the end of the relevant qualifying spend period, i.e 31 August 2021 or 30 September 2021, depending on when your card is approved.
The full T&C of this offer can be found here.
How is qualifying spending defined?
The S$1,000 minimum spend includes all retail transactions (either in-person or online), excluding the list found in 1.5 and 1.6 of the 90°N Card’s T&Cs.
The key exclusions to take note are:
- Charitable donations
- Education expenses
- Government transactions
- GrabPay top-ups
- Insurance premiums
- Utilities bills
Do remember that your spending must post to the card by the end of the qualifying spend period. There may be a gap of a couple of days between spending and posting, so don’t leave it till the last minute!
In Brief: OCBC 90°N Card
The OCBC 90°N Card earns 1.2 mpd on local spend and 2.1 mpd on overseas spend, with non-expiring miles and free transfers to KrisFlyer (starting from just 1,000 miles). It’s a solid general spending card, although would-be applicants should take note of its S$5 rounding policy, lack of lounge access and the fact it only partners with KrisFlyer.
For a full review, check out the post below.
We don’t often see acquisition offers for the OCBC 90°N Card, much less one for existing customers, so if you’ve been on the fence about this one, it might be an opportunity for you.
The main annoyance is the “first X” condition, which means you’ll want to apply and spend as soon as possible (the offer just went live today).