OCBC NXT Credit Card

OCBC NXT Credit Card

The OCBC NXT Credit Card offers a great option for big purchases, with interest-free auto instalments that are split across 3 or 6 months, plus a sweet 1% cash rebate with min. spend of S$1,000.

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Card benefit

% cashback

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Earn up to 1% cashback on eligible retail spend when you meet a minimum monthly spend of S$1,000, otherwise earn 0.5% cashback. Cashback is capped at S$100 per month and excludes Grab, Gojek, and taxi transactions.

Annual Fee

S$ 163.5

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First 2 Years Waived. Min. spend of S$10,000 per year for waiver of annual fee for subsequent years.

Minimum Annual Income

S$ 30,000

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S$30,000 and above per annum (Singaporean). S$45,000 and above per annum (Foreigner).

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Highlights

Card benefit

% cashback

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Earn up to 1% cashback on eligible retail spend when you meet a minimum monthly spend of S$1,000, otherwise earn 0.5% cashback. Cashback is capped at S$100 per month and excludes Grab, Gojek, and taxi transactions.

Annual Fee

S$ 163.5

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First 2 Years Waived. Min. spend of S$10,000 per year for waiver of annual fee for subsequent years.

Minimum Annual Income

S$ 30,000

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S$30,000 and above per annum (Singaporean). S$45,000 and above per annum (Foreigner).

Things to consider when choosing this card:

Things to consider

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Installment

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Rebate cap applied

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Monthly spend required

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Annual Fee required

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Benefits

Cashback

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Cashback Base Rate

0.5 %

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0.5% on all eligible retail spend below S$1,000 per calendar month. Max Cashback = S$100/month.

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Cashback Local

Up to 1 %

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With a minimum spend of $1,000 and above per calendar month, otherwise 0.5% cashback.

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Cashback Overseas

Up to 1 %

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With a minimum spend of $1,000 and above per calendar month, otherwise 0.5% cashback.

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Cashback Travel

Up to 1 %

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With a minimum spend of $1,000 and above per calendar month, otherwise 0.5% cashback.

restaurant

Cashback Dining

Up to 1 %

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With a minimum spend of $1,000 and above per calendar month, otherwise 0.5% cashback.

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Cashback Supermarket

Up to 1 %

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With a minimum spend of $1,000 and above per calendar month, otherwise 0.5% cashback.

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Cashback Petrol

Up to 1 %

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With a minimum spend of $1,000 and above per calendar month, otherwise 0.5% cashback.

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Cashback Retail

Up to 1 %

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With a minimum spend of $1,000 and above per calendar month, otherwise 0.5% cashback.

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Cashback Local Online Shopping

Up to 1 %

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With a minimum spend of $1,000 and above per calendar month, otherwise 0.5% cashback.

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Cashback Overseas Online Shopping

Up to 1 %

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With a minimum spend of $1,000 and above per calendar month, otherwise 0.5% cashback.

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Cashback Health

Up to 1 %

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With a minimum spend of $1,000 and above per calendar month, otherwise 0.5% cashback.

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Cashback Department Store

Up to 1 %

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With a minimum spend of $1,000 and above per calendar month, otherwise 0.5% cashback.

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Cashback Digital Wallet

Up to 1 %

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With a minimum spend of $1,000 and above per calendar month, otherwise 0.5% cashback.

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Cashback Contactless Spend

Up to 1 %

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With a minimum spend of $1,000 and above per calendar month, otherwise 0.5% cashback.

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Cashback Transport

Up to 1 %

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With a minimum spend of $1,000 and above per calendar month, otherwise 0.5% cashback. Except Grab, Gojek, and taxis.

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Quick Facts

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Purchases are automatically split into monthly installments to ease your cashflow.

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0% interest on monthly instalments.

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Earn 1% cash rebates when your monthly bill is S$1,000 or more.

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Not applicable to any cash advance, balance transfer, instalment payment plan, interest fees and other promotions and transactions.

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Eligibility

Eligibility

Minimum Age

21 years old

Minimum Annual Income

S$ 30,000

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S$30,000 and above per annum (Singaporean). S$45,000 and above per annum (Foreigner).

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Fees / Repayment

Fees

Annual Fee Waiver

2 years

Annual Fee

S$ 163.5

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First 2 Years Waived. Min. spend of S$10,000 per year for waiver of annual fee for subsequent years.

Foreign Currency Transaction Fee

3.25 %

Cash Advance Service Charge

S$ 15

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Or 8% of amount withdrawn, whichever is greater.

Repayment

Minimum Payment

S$ 50

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S$50 or 3% of the Total Balance, whichever is higher, and any overdue amount.

Late Payment Charge

S$ 100

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S$100 if Minimum Payment Due is not received on or before the Payment Due Date.

Interest on Purchase

27.78 %

Interest on Cash Advance

28.92 %

Interest Free Period

23 days

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Others

Association

Mastercard

Supported Payment Type

Google Pay

Apple Pay

Samsung Pay

Fitbit Pay

Garmin Pay

NETSPay

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OCBC NXT Credit Card

OCBC NXT Credit Card

Pros & cons

Pros	Cons
Eligible purchases are automatically split into interest-free instalments — 3 months for spend between $100 and $1,000, and 6 months for spend above $1,000. This helps users manage cash flow without worrying about additional interest charges.	If you do not meet the minimum monthly spend of $800, your cashback rate drops to only 0.5% on all spend.
Unlike some cards where you need to manually select cashback categories, the OCBC NXT Credit Card automatically categorises your spend. As long as you hit the minimum spend, you enjoy elevated cashback on dining, groceries, transport, fuel, and online travel.	The cashback cap for each category limits the total amount of cashback you can earn monthly, which may restrict those who spend heavily across multiple categories.
Cardholders enjoy a waiver of the $163.50 annual fee in the first 2 years, making it easy to try the card with no upfront cost.	Payments like Grab, Gojek, taxi services, government services, insurance, and utilities are excluded from cashback.

Who is this card for

The OCBC NXT Credit Card is ideal for budget-conscious spenders who can consistently hit the $800 monthly spend across groceries, fuel, and dining to maximise cashback. Families and working adults with regular household bills and essential expenses will also find great value, thanks to the card’s generous cashback structure. Drivers in Singapore can benefit from 5% cashback on fuel, along with extra savings at petrol stations. Lastly, the card suits home-based spenders who mainly make local purchases and prefer cashback over air miles or travel rewards.

Compare to other cards

OCBC NXT Credit Card is suitable for individuals who prefer to manage their cash flow through interest-free instalments and can benefit from modest cashback on larger purchases.

In comparison, the UOB One Card rewards consistent monthly spending across a variety of categories, making it ideal for those with predictable spending habits.

Additionally, Citi Cash Back Card offers high cashback rates on everyday essentials like dining, groceries, and commuting, benefiting users who can meet the monthly spend requirement.

OCBC NXT Credit Card

UOB One Card

Citi Cashback Card

Interest Rate: 27.78% p.a.

Annual Fee: $163.50 (waived for the first 2 years)

Minimum Annual Income:

$30,000 for Singaporeans and PRs
$45,000 for foreigners

Benefits:

Automatically splits transactions into 3 months for spends between $100 and $1,000, and 6 months for spends above $1,000.
Earn 1% cashback if monthly spend is ≥ $1,000; 0.5% cashback if spend is < $1,000. Cashback is capped at $100 per month.
Excludes cashback on transactions with Grab, Gojek, and taxi services.

Interest Rate: 27.80% p.a.

Annual Fee: $196.20 (waived for the first year)

Minimum Annual Income:

$30,000 for Singaporeans and PRs
$40,000 for foreigners

Benefits:

Up to 10% cashback on categories like dining, online shopping, groceries, health and beauty, convenience stores, transport, utilities, and more.
Cashback is awarded based on quarterly spending tiers
Additional fuel savings at Shell and SPC stations.

Interest rate: 27.9%

Annual fee: $196.20 (first year waived)

Minimum annual income:

$30,000 for Singaporeans and PRs
$42,000 for foreigners

Benefits:

Up to 8% cashback on on private commute and petrol spend, worldwide
Cashback capped at $80 per statement month
Minimum spend of $800 per month required to unlock 8% cashback
Access Citi World Privileges for local and global dining, travel and shopping discounts

Credit card application

Step 1: Visit the OCBC NXT Credit Card page on SingSaver

Start by visiting the OCBC NXT Credit Card product page or comparison page on SingSaver. When you’re ready, click on the “Apply Now” button. This will redirect you to the secure online application form.

Step 2: Complete the online application form

Provide your personal and financial details, including your name, NRIC or FIN number, contact information, employment details, and annual income. Be sure to fill in the form accurately to avoid any delays.

Step 3: Upload the necessary supporting documents

To verify your eligibility, you’ll need to upload supporting documents such as:

A copy of your NRIC (front and back) or FIN
Latest payslip, CPF contribution history (past 12 months), or Notice of Assessment (NOA)

Foreigners may also need to provide proof of residence and employment pass details.

Step 4: Submit your application and wait for approval

Once you’ve reviewed and submitted your application, OCBC will assess your details. This process typically takes 3 to 5 working days, though it may vary depending on volume and the completeness of your application.

Step 5: Receive your new credit card

If your application is approved, your OCBC NXT Credit Card will be mailed to your registered address. Once received, simply activate your card via the OCBC Digital app or OCBC Internet Banking — and you’re ready to start spending and earning cashback.

Credit card application resources

Need a card that matches how you spend and live? Check out our top recommendations by category below:

How does the OCBC NXT credit card work?

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It automatically splits your payments into monthly payments

Will all my OCBC NXT Credit Card transactions be automatically converted to instalments?

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Certain transactions, like cash advances, cash-on-instalment, balance transfers, transactions done at or related to casinos or online gambling organisations, etc., will not be automatically converted to instalments.

Can I waive the annual fee?

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Yes, you can! Here’s how:

Log in to the OCBC portal with your access code and PIN, fingerprint ID
Navigate to “Request fee waiver” / “Credit card fee waiver”
Select the card that you would like to request a waiver for and submit a request

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