OCBC is revamping the cashback program on the OCBC 365 Card, with higher rates of 6% on groceries, dining and land transport. Utilities, telco, streaming and EV charging will be nerfed to the base rate of just 0.25%.
✍️ Related: Best cashback credit cards in Singapore
Table of Contents
OCBC 365 Card cashback changes from 1 Nov 2026
From 1 Nov 2026, OCBC 365 cardholders will earn 6% cashback on dining, groceries, land transport and petrol, with a single S$800 minimum spend tier and a S$160 monthly cashback cap (more on this later).
Grocery and land transport spending will see the biggest cashback boost from 3% to 6%. However, this announcement also comes with a huge nerf to utility bill payments, leaving us with just 2 useful cards for this category come 1 Nov 2026.
Recurring utilities and telco bills, streaming and EV charging will earn the base rate of 0.25%, down from 3%.
Note: While cardholders will no longer earn a meaningful amount of cashback on a utility bill payment, it will still count toward the minimum spending requirement on the OCBC 365 Card.
Here are the cashback rates for the OCBC 365 Card from 1 Nov 2026:
| Category | From 1 Nov 2026 |
|---|---|
| Dining (now incl. fast food) | 6% |
| Groceries | 6% |
| Land Transport (public transport and ride-hailing) | 6% |
| Petrol | 6% (unchanged) |
| Watsons | 3% (until 31 Mar 2027) |
| Recurring Telco Bills | 0.25% |
| Recurring Utility Bills | 0.25% |
| Streaming | 0.25% |
| EV Charging | 0.25% |
| Everything Else | 0.25% (unchanged) |
Here’s a detailed look at the OCBC 365 Card before the upcoming changes:
Fulfilled by SingSaver
Reward (choose one)
• S$300 cash + S$100 Grab vouchers
• S$420 Shopee vouchers
• Dyson Airstrait (worth S$799)
• Dyson V8 Cyclone vacuum (worth S$559)
Be a new credit cardholder of the bank
Apply by 1 Nov 2026
Spend at least S$400 within 30 days after card approval date
Submit rewards redemption form that you receive via email (from SingSaver)
Get 6% cashback on petrol, 5% cashback on dining, 3% cashback on groceries, transportation and utilities
Card details
Key details of the OCBC 365 Card
Card rating :
Ease of use :
Minimum annual income:• S’porean/PR: S$15,000-S$30,000
• Foreigner: S$45,000Annual fee: S$196.20 (first 2 years waived; request waiver every year)
Get 6% cashback on petrol
Get 5% cashback on dining
Get 3% cashback on groceries, public transport, ride-hailing, utilities and EV charging
Get uncapped 1% cashback on selected advertising platforms
Minimum spending for bonus cashback (per calendar month):Tier 1: S$800
Tier 2: S$1,600 Bonus cashback caps (per calendar month):Tier 1: S$80 per calendar month
Tier 2: S$160 per calendar month Bonus categories are MCC-sensitive
0.25% cashback on non-bonus spending
3.25% foreign transaction fee
Single minimum spend tier
From 1 Nov 2026, OCBC 365 cardholders will only need to track 1 minimum spend and cashback cap amount, instead of 2 currently.
To enjoy the bonus cashback, accumulate at least S$800 in card spending within a calendar month. Bonus cashback is capped at S$160, giving cardholders a generous maximum spend of S$2,667 in the 6% categories.
And for the avoidance of doubt, the S$160 cap can be shared across all bonus categories (no annoying category caps like some UOB cards).
Here’s how the minimum spend tiers compare:
| Monthly | Till 31 Oct | From 1 Nov |
|---|---|---|
| Min. Spend | Tier 1: S$800 Tier 2: S$1,600 | S$800 |
| Bonus Cashback Cap | Tier 1: S$80 Tier 2: S$160 | S$160 |
Eligible merchant category codes
Here are the eligible MCCs for 6% cashback from 1 Nov 2026:
| Category | Eligible MCCs |
|---|---|
| Dining (restaurants, cafes, fast food, food delivery apps) | 5811, 5812, 5814 |
| Groceries (supermarkets, grocery delivery) | 5411 |
| Land Transport (SimplyGo, taxis, ride-hailing) | 4011, 4111, 4112, 4121, 4131 |
| Petrol (petrol stations) | 5541, 5542 |
Frequently asked questions
Here are the official FAQs on the changes:
What happens if I do not meet the S$800 minimum spend requirement?
If you do not meet the S$800 minimum spend requirement in a calendar month, you will continue to earn the base cashback rate of 0.25% on eligible transactions.
When will the update take effect and who will be affected?
All OCBC 365 Credit Cardmembers will be subject to the revised cashback programme with effect from 1 November 2026.
When will I receive my cashback?
Cashback earned from transactions made by the Principal Cardmember and Supplementary Cardmembers will be credited to the Principal Cardmember’s OCBC 365 Credit Card account by the end of the following calendar month after the transaction is posted.
For example:
- You make eligible transactions of S$500 on Dining and S$300 on Groceries in November 2026. As the minimum spend requirement of S$800 is met, if the transactions are posted by 30 November 2026, S$48 cashback will be credited to the Principal Cardmember’s OCBC 365 Credit Card account by 31 December 2026.
I made a transaction before 1 November 2026, but the transaction was posted on or after 1 November 2026. Which cashback rate will apply?
Cashback will be awarded based on the transaction’s posting date, not the transaction date.
If your transaction is posted on or after 1 November 2026, the revised cashback rates and Terms and Conditions effective from 1 November 2026 will apply.
The posting date refers to the date the transaction is received by the card issuer, i.e. OCBC Bank. As merchants may submit transactions for settlement several days after the purchase is made, the posting date may differ from the transaction date. OCBC Bank is unable to control when a merchant submits a transaction for posting.
Terms and conditions
Here’s a snippet of the official terms and conditions of the OCBC 365 Card. The changes are listed under clauses 2 and 3:
2. Cashback
The OCBC 365 Card shall come with the following Cashback features on eligible local and foreign currency Card Transactions:
A. Subject to the Minimum Spend Requirement being met:
a) 6% cashback on “Dining”, “Groceries”, “Land Transport”, “Petrol”
- Dining: 5811 Caterers; 5812 Eating Places and Restaurants; 5814 Fast Food Restaurants. Transactions Not Eligible for 6% Cashback: Hotel dining and wedding banquet transactions not classified under these MCCs. Transactions made by telephone order or mail order.
- Groceries: 5411 Grocery Stores and Supermarkets
- Land Transport: 4011 Railroads; 4111 Local and Suburban Commuter Passenger Transportation, Including Ferries; 4112 Passenger Railways; 4121 Taxicabs and Limousines; 4131 Bus Lines. Transactions Not Eligible for 6% Cashback: EZ-Link and Transit Link top-up transactions
- Petrol: 5541 Service Stations; 5542 Automated Fuel Dispensers. Transactions Not Eligible for 6% Cashback: Fleet card top-up transactions such as Abecha Esso Fleet Card or Speedpass, or such other similar top-up transactions
b) 3% cashback on “Watsons” (valid till 31 March 2027)
(i) “Watsons” is defined as Card Transactions made at Watsons and processed under merchant description “WATSONS*” and “Watsons”, excluding Clause 2A(b)(ii) below.
(ii) For the avoidance of doubt, the transactions below will not be eligible to earn the 3% cashback under this category. Such transactions will only be eligible to earn the Base Cashback:
• Watsons purchases made on online marketplaces such as Lazada, Shopee, Amazon, etc.
B. 0.25% cashback on the following transactions:
• All Card Transactions if the Minimum Spend Requirement is not met; and
• All Card Transactions (excluding Card Transactions under the categories listed at Clause 2A) if the Minimum Spend Requirement is met.
3. Minimum Spend Requirement
a) The Minimum Spend Requirement must be met to receive the Cashback listed at Clause 2A (Dining, Groceries, Land Transport, Petrol, and Watsons categories) above. There is no minimum spend requirement to receive the Base Cashback. The Minimum Spend Requirement can be aggregated between the Principal and Supplementary Cardmembers and excludes the transactions set out in Clause 3(c) below.
The maximum amount of Cashback that one account (the Principal and all Supplementary Cardmembers together) can earn in any calendar month under Clause 2A is S$160.
Minimum Spend Requirement: S$800. Cashback Cap: S$160.
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