Calling all shopaholics — it's time to learn how the OCBC Titanium Rewards Card will make your shopping count.

The OCBC Titanium Rewards Card is being touted as the most efficient rewards card you’ll need for your local and overseas shopping. 

Promising *10 OCBC$ (worth 4 miles) per S$1 spend for eligible online and retail purchases, this rewards credit card is the epitome of shopping 'til you drop for true shopaholics.

But if miles aren't your cup of tea, OCBC$ can be exchanged for a plethora of other rewards like vouchers, products, experiences, and even cash rebates to offset your next month's bill if need be.

*Update: For a limited time, earn 15x OCBC$ (equivalent to 6 miles) instead of 10x OCBC$ per S$1 spent for the first 3 months on eligible online and retail purchases at Lazada, Shopee, Amazon, Apple and more. Applicable to New OCBC Cardmember only. Valid till 30 September 2023. T&Cs apply.

Table of contents

• Overview: OCBC Titanium Rewards Credit Card
• Advantages of the OCBC Titanium Rewards Credit Card
• Disadvantages of the OCBC Titanium Rewards Credit Card
• Eligibility, fees & charges
• What transactions are not eligible for bonus rewards?
• How to apply?
• Other similar rewards credit cards
• Should you get the OCBC Titanium Rewards Credit Card?

OCBC Titanium Rewards Credit Card Overview: Key Features

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OCBC Titanium Rewards Card product summary:

• Bonus 10 OCBC$ (4 miles) per S$1 spend on shopping, department store, and online spend categories, capped at 120,000 OCBC$ per year
• 1 OCBC$ per S$1 spend on all other retail spend, no cap on points earned
• Bonus 2% cash rebate on electronics at Best Denki
• Complimentary e-Commerce protection on all online shopping purchases
• Flexibility in OCBC$ conversion to cash, miles, vouchers, rewards, and more
• Enjoy interest-free, fixed monthly instalment plan with min. S$100 spend on OCBC credit card under OCBC PayLite
• Earn up to 7.65% p.a. interest on OCBC 360 Savings Account when paired with OCBC credit card spend
• Minimum age: 21
• Annual income requirement: S$30,000 (Singaporeans/PRs), S$45,000 (Foreigners)
• Annual fee: S$194.40 (First 2 years waived)
  • Subsequent S$10,000 per year required for annual fee waiver 

Reasons to get the OCBC Titanium Rewards Credit Card

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Here’s listing out the 5 USPs of adding the OCBC Titanium Rewards Card to your wallet that will likely hold you in good stead.

Pros ✅

#1: Earn 4 miles per dollar on shopping

OCBC rewards you with OCBC$ when you spend in blocks of S$5. Earn 50 OCBC$ (20 miles) for every S$5 spent on your shopping, whether it’s in store or online, locally or overseas. That's equivalent to 10 OCBC$ per S$1 spend or 4 miles per S$1 (mpd) spend.

This includes transactions made at department stores, electronic stores, shoe stores, men’s and women’s clothing stores, family clothing stores, kids’ stores and more. 

Keep this handy list of Merchant Category Codes (MCC) in mind whenever you're about to commence a shopping spree: 

What’s also particularly useful about this card is that it rewards you with 4 mpd on some of the most popular e-commerce sites such as:

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

Note: ShopeePay transactions under MCC 5262 are not eligible to earn OCBC$. Amazon and Mustafa Centre transactions under MCC 5411 are not eligible either.

If you frequently shop at these stores, be it online or offline, the OCBC Titanium Rewards Card can be a great option to earn you miles that go towards your next overseas trip.

💡 Pro-tip: You can also check out our articles with the latest promo codes to use at: Lazada, Qoo10, Redmart, Klook, Shopee and food delivery services (including Foodpanda, GrabFood, Deliveroo and WhyQ).

While there's no limit to the base OCBC$ you can earn, bonus OCBC$ is capped at 120,000 OCBC$ per year. This refers to the card anniversary year and not the calendar year.

Once you hit the 120,000 OCBC$ cap, all transactions made on shopping will earn the Base OCBC$ of 5 OCBC$ per $5 spent or 0.4 mpd on your spend.

#2: E-commerce protection

Shopping online has its pros and cons. There are times when you’ll receive products with defects or wouldn’t receive them at all.

This is where the OCBC Titanium Rewards Card fits in.

It lets you enjoy e-commerce protection, which safeguards you against non-delivery and defective products, or in cases when the seller fails to reimburse you.

When you buy any physical goods online with this card, you will be provided with worldwide coverage for online purchases under these conditions:

• Incomplete delivery or wrong item delivered
• Improperly functioning due to physical damage to delivered items
• Non-delivery of purchase after 30 days of the scheduled delivery

#3: Extra cash rebate at BEST Denki 

BEST Denki: If you have plans to make a purchase at BEST Denki, either at their retail outlets or online, you can earn an additional 2% cash rebate on your purchase.

There is no cap to this rebate and this is on top of the 50 OCBC$ you earn for every S$5 spent at BEST Denki.

To put things into perspective, an Apple MacBook Air from BEST Denki costs S$1,544 currently. This can get you a cash rebate of $30.88 on top of roughly 3,088 bonus OCBC$ earned.

If you have plans to purchase other pricey electronics from BEST Denki, such as the latest QLED TV or an air purifier, this card could just come in handy.

You can also exchange OCBC$ for cash rebates, air miles, vouchers, products or experiences. 

#4: Two-year annual fee waiver

Many credit cards offer waivers for the annual fee, typically for the first 1 or 2 years. For the OCBC Titanium Rewards card, the annual fee of $194.40 is waived for the first 2 years. 

#5: The option to choose between Blue or Pink

Most credit cards have a default look for their credit cards. There are no options to choose between designs, colours and look of the card (except cards such as the OCBC FRANK credit card that has an impressive 120 card designs for you to choose from).

However, there are two versions available for the OCBC Titanium Rewards — Blue or Pink. It is completely up to you to choose between the two colours (FYI, there are no gender stereotypes here). This gives you the slightest element of choosing a card that represents you, makes you happier when looking at it or simply a colour that you prefer for a credit card.

Cons ❌

#1: You don’t earn 50 OCBC$ (4 mpd) on other spend

This card specifically rewards you for the purchases you make on shopping. However, on all other spending outside of shopping purchases, such as dining and transport, you will earn 5 OCBC$ per $5 spent.

💡Pro-tip: For miles-chasers, this equates to 0.4 mpd, lower than the average 1.2 mpd you can earn with other miles credit cards.

#2: OCBC$ awarded in S$5 blocks

Another rather glaring disadvantage of its rewards point system – OCBC$ – is that it's awarded in S$5 transaction blocks. This follows a similar structure as UNI$ (UOB) and DBS Points (DBS). 

For example, if your transaction adds up to S$99, it will not be rounded up to S$100. Instead, it'll be rounded down to S$95 and then divided per S$5 blocks to tally the bonus OCBC$ points earned on this purchase.

Again, this pro-rated calculation applies to UNI$ and DBS Points too. So honestly, this isn't a huge issue when considering that other popular rewards credit cards like UOB Lady's & UOB Lady's Solitaire Cards and the DBS Woman's & Woman's World Card are subjected to caveat as well.

It's just that those cards offer a broader range of eligible spend categories to earn bonus rewards points as opposed to the OCBC Titanium Rewards Cards on retail shopping.

#3: There is a spending cap

There is a spending cap of 120,000 OCBC$ (or about S$12,000 spent on shopping). This cap could be limiting for big spenders that shell out more than S$12,000 on shopping through the year.

What fees & charges should you look out for?

• Annual fee: S$194.40 (First 2 years waived)
• Minimum monthly payment: 3% of total balance or S$50, whichever is higher
• Late payment fee: S$100
• Overlimit fee: S$40
• Interest on purchases: 27.78% p.a. 
• Interest on cash advance: 28.92% p.a. subject to compounding
• Cash advance fee:
• Foreign transaction fee: 3.25% (inclusive of 1% currency conversion from Visa/Mastercard)
• Dynamic currency conversion fee: 1%
  
  

Eligibility criteria

• At least 21 years old
• Annual income requirement for Singaporeans/PRs: S$30,000
• Annual income requirement for Foreigners: S$45,000

What transactions aren't eligible for OCBC$?

If you're familiar with Merchant Category Codes (MCCs), most credit cards (except for unlimited cashback cards) will have category exclusions. Such excluded categories will not be eligible to earn additional cashback, miles, or rewards points on their spend. 

In OCBC Titanium Rewards' case, ineligible transactions under the following MCCs include (but not limited to):

• MCC 8398: Charitable Donations
• MCC 8211, 8244, 8299: Education
• MCC 6300: Insurance Premiums
• MCC 8062: Non-Profit and Government Hospitals
• Real Estate Agents & Managers
• MCC 5262: Marketplaces (only for Shopee Pay)

You can refer to their T&Cs here for more details.

How to apply?

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Click on the ‘Apply Now’ button on this page and complete the application form on SingSaver site. You might need to prepare the following documents for the application process:

• Front and back of NRIC/Passport/Employment Pass
• Salaried employees: Past 6 months' CPF statement (Singaporean/PR) or latest Income Tax Notice of Assessment and latest original computerised payslip
• Self-employed / Commission earner: Latest Income Tax Notice of Assessment or latest 12 months' CPF statement
• Foreigners:
  • Passport
  • Employment Pass
  • Latest original computerised payslip and latest Income Tax Notice of Assessment or original company letter certifying employment and salary

Credit cards similar to OCBC Titanium Rewards Card

If you are looking for a credit card that rewards you for your shopping, you can also consider these cards:

Citi Rewards Credit Card

The Citi Rewards Card also gives you 4 mpd for your shopping and online spend. This includes shopping at department stores, spending on bags, shoes, clothes, both online and offline.

Note that the Citi Rewards Card rewards you with 4mpd on all online spend as well, allowing you to earn 4mpd on online transactions for other categories such as transport.

Outside of shopping and online transactions, the earn rate is 0.4 mpd, mirroring the non-shopping earn rate of OCBC Titanium Rewards card.

Read our full Citi Rewards Credit Card review here.

See also: Credit Card Combo: Why You Should Pair Citi PremierMiles & Citi Rewards

UOB Lady’s / Lady's Solitaire Credit Card

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UOB Lady's Solitaire Card

The UOB Lady’s Card and the UOB Lady's Solitaire Card are win-win for everyone.

It can be useful to carry in your wallet, especially since it lets you choose the category that earns you 4 mpd. This category can be changed every quarter, allowing you to earn more miles on any other category depending on your spending for that quarter.

You can choose among these:

• Beauty & Wellness
•   Fashion
• Dining
• Family
• Travel
• Transport and Entertainment

For shopping, select ‘Fashion’ as your preferred category for the current quarter to earn 4 mpd on your fashion spend. There is also an e-Commerce Protection provided for all your online purchases.

DBS Woman’s / Woman's World Card

The DBS Woman’s Card earns 2 mpd on the first S$1,000 online spend each month. The DBS Woman’s World Card earns 4 mpd on the first S$2,000 online spend each month. There is also e-Commerce Protection provided for your online purchases.

Or if you want more options beyond the above-listed rewards credit cards, you can check out other shopping credit cards here.

See also: 7 Reasons Why Men Should Sign Up for Women’s Credit Cards

Should you get the OCBC Titanium Rewards Credit Card?

OCBC$ can be exchanged for rewards such as KrisFlyer Miles, shopping vouchers, dining vouchers, mall vouchers, department store vouchers, movie vouchers, cash in your credit card and more.

For example:

25,000 OCBC$ = 10,000 Krisflyer Miles 
3,600 OCBC$ = S$10 cash rebate 

Here’s the full catalogue of rewards you can exchange your OCBC$ for.

Now that you have the full picture of the pros and cons of signing up for the OCBC Titanium Rewards card, which one would you pick?

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