OCBC has extended its sign-up bonus for the OCBC Rewards Card, which offers new-to-bank cardholders 26,000 bonus miles and a Delsey luggage with a minimum spend of just S$600.
This is a pretty attractive offer for those who meet the eligibility criteria, especially since that S$600 spend could earn up to 6 mpd with OCBC’s rotating slate of bonus merchants — currently Watsons, Shopee, Lazada, TikTok Shop and Taobao until at least 31 March 2027.
Beyond that, the OCBC Rewards Card also earns 4 mpd at department stores, duty-free outlets and fashion retailers, with the option to extend this to additional categories through the purchase of HeyMax vouchers.
OCBC Rewards Card welcome offer
The OCBC Rewards Card’s welcome offer is valid for applications submitted from 1 July to 31 August 2026 (with approval by 30 September 2026) by new-to-bank cardholders, defined as those who:
- Do not currently hold a principal OCBC credit card, and
- Have not cancelled a principal OCBC credit card in the past 12 months
Cardholders who meet the minimum spend will receive the following gifts.
| Min. Spend (in first 30 days) |
Gift |
| S$300 |
Welcome Gift
|
| Additional S$300 (i.e. S$600 total) |
Bonus Gift
|
When will the gifts be credited?
For the Delsey luggage and 65,000 OCBC$ (26,000 miles) gifts, eligible customers will be notified through email and/or SMS within four months after the promotion period ends.
What counts as qualifying spend?
Qualifying spend for the welcome offer includes both SGD and FCY retail spend, whether online or offline.
A full list of transactions that do not qualify can be found in the T&Cs, at sections 3h and 3i.
I’ve highlighted a few noteworthy categories below:
- Charitable Donations
- Education
- GrabPay Top-Ups
- Government Services
- Insurance Premiums
- Non-Profit and Government Hospitals
- Real Estate Agents & Managers
Terms & Conditions
The T&Cs of this offer can be found here.
What can you do with OCBC$?
OCBC$ can be transferred to nine airline and hotel programmes.
| Frequent Flyer Programme | Conversion Ratio (OCBC$ : Miles) |
 |
25,000 : 10,000 |
 |
10,000 : 4,000 |
 |
10,000 : 4,000 |
 |
10,000 : 4,000 |
 |
10,000 : 3,600 |
 |
10,000 : 3,600 |
 |
10,000 : 2,900 |
 |
10,000 : 2,800 |
 |
10,000 : 2,000 |
However, given the conversion ratios, not all programmes offer good value. In general, I would only consider transferring OCBC$ to KrisFlyer, Air France-KLM Flying Blue, and Accor Live Limitless.
Regarding the minimum conversion blocks:
- Transfers for KrisFlyer miles must be in blocks of 25,000 OCBC$ (10,000 miles)
- Transfers for all other programmes must be a minimum of 10,000 OCBC$ (2,000-4,000 miles/points), but subsequent conversions can be in blocks of 1,000 OCBC$ (200-400 miles/points).
A S$25 fee applies to all conversions.
SingSaver alternative
If this offer does not appeal to you, SingSaver is running an alternative slate of welcome gifts, available with a minimum spend of S$400 within 30 days of approval:
- 25,000 Max Miles (worth S$450 via FlyAnywhere)
- S$400 cash
- Dyson Airstrait (worth S$799)
- Samsung Galaxy Buds4 Pro + S$180 eCapitaVoucher (worth S$529)
- 50,000 OCBC$
If you prefer these gifts, sign up via this link instead.
For the avoidance of doubt, you cannot stack the OCBC and SingSaver offers. You must choose one or the other.
Overview: OCBC Rewards Card
| OCBC Rewards Card |
|||
| Apply | |||
| Income Req. | S$30,000 p.a. | Points Validity | 2 years |
| Annual Fee | S$196.20 (2 Years Free) |
Min. Transfer (KF) |
25,000 OCBC$ (10,000 miles) |
| FCY Fee | 3.25% | Transfer Fee | S$25 |
| Local Earn | 0.4 mpd | Points Pool? | Yes |
| FCY Earn | 0.4 mpd | Lounge Access? | No |
| Special Earn | 4 mpd on online and offline shopping | Airport Limo? | No |
| Cardholder Terms and Conditions | |||
The OCBC Rewards Card has a minimum income requirement of S$30,000 p.a. and offers a two-year waiver of its S$196.20 annual fee.
Cardholders can earn 4 mpd on selected online and offline shopping, capped at S$1,110 per calendar month (if you have the legacy Blue and Pink versions of the Titanium Rewards, each card has its own bonus cap).
| 💳 OCBC Rewards Bonus Whitelist | |
| MCC | Examples (non-exhaustive) |
| MCC 5309 Duty-Free Shops |
Lotte Duty Free, King Power Duty Free, The Shilla Duty Free |
| MCC 5311 Department Stores |
Takashimaya, TANGS, Isetan, OG, Metro, BHG, Marks & Spencer |
| MCC 5611 Men’s and Boys’ Clothing and Accessories Stores |
Benjamin Barker, Timberland, Edit Suits, Berluti |
| MCC 5621 Women’s Ready to Wear Stores |
Zara, H&M, Mothercare |
| MCC 5631 Women’s Accessory and Speciality Stores |
Tory Burch, Love Bonito, Pandora |
| MCC 5641 Children’s and Infants’ Wear Stores |
Kiddy Palace, Mummys Market, Pupsik, Motherswork |
| MCC 5651 Family Clothing Stores |
Uniqlo, ASOS, Club 21, Burberry, Yoox |
| MCC 5655 Sports and Riding Apparel |
Nike, Lululemon, Adidas |
| MCC 5661 Shoe Stores |
Skechers, Charles & Keith, Bata, Foot Locker, Pazzion |
| MCC 5691 Men’s and Women’s Clothing Stores |
Ezbuy, Zalora |
| MCC 5699 Miscellaneous Apparel and Accessory Shops |
Cotton On, Reebonz |
| MCC 5941 Sporting Goods Stores |
Decathlon, Fila, New Balance |
| MCC 5948 Luggage or Leather Goods Stores |
Louis Vuitton, Coach, Rimowa |
| 🛒 Specified Merchants^ | |
|
|
| ^Transactions under MCC 5411 are not eligible to earn any OCBC$ *Shopee Pay transactions under MCC 5262 are not eligible to earn any OCBC$ |
|
For a full review of this card, refer to the post below.
Conclusion
The OCBC Rewards Card has extended its welcome offer of 26,000 bonus miles and a Delsey luggage for new-to-bank cardholders who make a minimum spend of just S$600. This has the potential to be a lucrative deal, and you won’t have to worry about annual fees for at least two years.
While the OCBC Rewards Card has a somewhat restrictive bonus whitelist that does not offer the same flexibility as the Citi Rewards or DBS Woman’s World Card, it can still come in useful for bigger spenders who regularly max out their 4 mpd caps elsewhere — and you can always extend its reach through HeyMax vouchers.
