|The following is a sponsored post by OCBC Bank. The opinions remain those of The Milelion.|
The OCBC 90°N Visa boasts not just a new look, but new features too. Cardholders can earn up to 4 mpd on online entertainment, online retail, food delivery, groceries, and overseas spend, as well as 6 mpd on Agoda, Expedia and kkday. They’ll also enjoy non-expiring points, and free transfers to KrisFlyer that start from just 1,000 miles.
Overview: OCBC 90°N Visa
|Income Req.||Annual Fee||FCY Fee|
(First year fee waived for sign-ups bet. 15 Oct 21 to 15 Jan 22)
From the second year onwards, cardholders can top up S$139 to the annual fee (i.e. S$192.50 total) for 10,000 Travel$ upon renewal.
Now, I don’t normally focus on card design, but there’s something very arresting about the OCBC 90°N Visa. The ° houses an embedded LED light that illuminates upon making a contactless transaction- no battery required. Yes, it’s a gimmick, but a pretty cool one at that.
OCBC 90°N Visa cardholders earn 5 Travel$ per S$5 (equivalent to 1 mpd) on local spend, and 10 Travel$ per S$5 (equivalent to 2 mpd) on overseas spend. This is notably less than the Mastercard version (1.2/2.1 mpd on local/overseas spend), and therefore I wouldn’t see this so much a general spending solution.
It’s the bonus categories where things get more interesting. For a limited time, cardholders can earn up to 20 Travel$ per S$5 (4 mpd) on online entertainment & retail, food delivery, groceries and overseas spending.
As a reminder, Travel$:
- Do not expire
- Can be transferred to KrisFlyer at a 1:1 ratio with no conversion fees
- Have a minimum conversion block of just 1,000 Travel$
Travel$ can also be redeemed for merchandise (I got myself a Dyson vacuum last year), exchanged for other rewards currencies on OCBC STACK, or used to offset bills directly at a rate of 1,000 Travel$ for S$10. This makes them significantly more flexible than other bank points, which typically have a S$26.75 conversion fee and a 10,000 mile minimum conversion block.
If you already hold an OCBC 90°N Mastercard, Travel$ will be pooled together across cards.
Launch promo: 4 mpd on bonus categories
From 15 October 2021 to 15 January 2022, cardholders will earn a total of 20 Travel$ per S$5 (i.e. 4 mpd) on the following transactions:
|Launch Promo T&Cs
|For avoidance of doubt, any merchant not listed here e.g. Jasons, Marketplace, will not earn bonus Travel$|
This rate is broken down as follows:
|Local Spend||Overseas Spend|
|Base||5 Travel$ per S$5||10 Travel$ per S$5|
|Bonus||15 Travel$ per S$5||10 Travel$ per S$5|
|Total||20 Travel$ per S$5
|20 Travel$ per S$5
Base Travel$ will post to the cardmember’s account along with the transaction. Bonus Travel$ will be credited by the end of the following month after the transaction posting date. For example, bonus Travel$ for transactions made from 15-31 October 2021 will post by 30 November 2021.
The bonus component is capped at a maximum of 5,000 Travel$ per calendar month. In other words, you’ll max this out with:
- S$1,667 of local currency spending
- S$2,500 of foreign currency spending
From 16 January 2022, the earn rate for overseas spending will revert to 2 mpd, and the earn rate for bonus categories will be adjusted as follows:
|Online Entertainment||Online Retail, Food Delivery, Groceries|
|Base||5 Travel$ per S$5||5 Travel$ per S$5|
|Bonus||10 Travel$ per S$5||2.5 Travel$ per S$5|
|Total||15 Travel$ per S$5
|7.5 Travel$ per S$5
|The bonus component will be capped at 500 Travel$ per calendar month.|
This is a more marginal proposition in my opinion, since you could earn up to 4 mpd with other cards on the market (although you should assign some weight to the fact that Travel$ don’t expire and have no conversion fees).
But in any case, for four months the OCBC 90°N Visa becomes the best credit card to use for groceries and overseas spending.
|💡 You could earn 4 mpd on groceries with the UOB Preferred Platinum Visa by using mobile payments, but remember that Cold Storage and Giant are excluded (SMART$ merchants). In any case, using the OCBC 90°N Visa frees up that cap for other transactions.|
In fact, with 4 mpd on the first S$2,500 each month, it outperforms even the UOB Visa Signature (4 mpd on the first S$2,000, with a minimum spend of S$1,000) when it comes to overseas spending.
|💡 Of course it’s hard to beat the Amaze Card for overseas spend, but assuming you’ve maxed out the 4 mpd caps on the cards linked to it, the OCBC 90°N Visa provides an additional S$2,500 of overseas spend firepower.|
All in all, it’s a great way to rack up some easy miles during the four month promo period (which you can then cash out to KrisFlyer without any fees).
OCBC 90°N Visa Card is offering a very compelling launch promotion, with bonuses on a wide range of everyday spending categories. This lasts till 15 January 2022 with a cap that resets monthly, so sign up soon in order to maximise the value you get.
That light up ° doesn’t hurt, either.