OCBC Increases the Cashback and Cap for the 365 Credit Card from 1 Nov 2026
Updated: 5 Oct 2026
Written byAlevin K Chan
Freelance Contributor
⚡ Quick Answer
| Card | Card benefit | Minimum Monthly Spend | Annual Fee |
|---|---|---|---|
| 0.25 - 6 % cashback | - | S$196.20 |
Disclaimer: The information on this page is for general educational and informational purposes only and should not be considered financial or investment advice.
OCBC 365 credit card changes at a glance
| Spend category | Current cashback | From 1 Nov 2026 |
|---|---|---|
| Dining (fast food now included) | 5% | 6% |
| Groceries | 3% | 6% |
| Land transport (including SimplyGo) | 3% | 6% |
| Petrol | 6% | 6% |
| Telco, utilities, EV charging and streaming | 3% | 0.25% |
| Watsons | 3% | 3% until 31 Mar 2027, then 0.25% from 1 Apr 2027 |
| Minimum monthly spend | S$800 (tier 1) or S$1,600 (tier 2) | S$800 (single tier) |
| Monthly cashback cap | S$80 (tier 1) or S$160 (tier 2) | S$160 |
| Eligible spend below S$800 | 0.25% | 0.25% |
| Eligible advertising platform spend | Up to 1%, no cap or min spend | Up to 1%, no cap or min spend |
OCBC 365 credit card benefits from 1 November 2026
What's getting better
The headline upgrade is a single 6% rate across the four biggest everyday categories. Dining goes up from 5%, and fast food now counts as dining. Groceries and land transport, including SimplyGo bus and MRT rides, double from 3% to 6%. Petrol stays at 6%.
The cashback cap matters just as much. You now get the S$160 monthly cap at the S$800 minimum spend, so you no longer need to hit S$1,600 to earn more than S$80 a month. The rates apply to eligible in-store and online card transactions, both in Singapore and overseas.
What's getting cut
Recurring telco and utility bills, EV charging and streaming subscriptions fall from 3% to 0.25% from 1 Nov 2026. If you've been putting these bills on your OCBC 365 card, it may be worth moving them to another card before November.
Watsons gets a longer runway. It keeps 3% cashback until 31 March 2027 and drops to 0.25% from 1 April 2027.
OCBC 365 credit card minimum spend and cashback cap
You'll need at least S$800 in eligible spend in a calendar month to earn the 6% rates. If you fall short, all eligible spend that month earns 0.25% cashback.
Because the cap is now S$160, you'd need about S$2,667 a month in 6% categories before you hit it. Most cardholders will never reach the cap, so the real test is whether you can reliably hit S$800.
Here's how a S$1,200 monthly spend works out under each structure:
| Category | Monthly spend | Current cashback | From 1 Nov 2026 |
|---|---|---|---|
| Dining | S$400 | S$20.00 (5%) | S$24.00 (6%) |
| Groceries | S$350 | S$10.50 (3%) | S$21.00 (6%) |
| Land transport | S$150 | S$4.50 (3%) | S$9.00 (6%) |
| Petrol | S$150 | S$9.00 (6%) | S$9.00 (6%) |
| Telco and utilities | S$150 | S$4.50 (3%) | S$0.38 (0.25%) |
| Total | S$1,200 | S$48.50 | S$63.38 |
In this example, you'd earn about S$15 more a month even after losing the bill cashback. If most of your spend is bills rather than dining and groceries, though, you could end up earning less.
Decision Guide
Before You Compare
Check your typical monthly card spend
The 6% rates only apply once eligible spend reaches S$800 in a calendar month.
Move recurring bills before 1 Nov
Telco, utilities, EV charging and streaming drop to 0.25% from 1 Nov 2026.
Know when you'd hit the S$160 cap
At 6%, you'd reach the cap at about S$2,667 of bonus-category spend a month.
Note the later Watsons cut-off
Watsons keeps 3% cashback until 31 Mar 2027 before dropping to 0.25%.
Check the annual fee waiver terms
The fee is waived for 2 years; later waivers need S$10,000 in annual spend.
OCBC credit card application: how to apply for the OCBC 365
To apply for the OCBC 365 Credit Card, you'll need to be at least 21 years old and earn at least S$30,000 a year if you're a Singaporean or PR, or S$45,000 if you're a foreigner (confirm in Strapi). The annual fee of S$196.20 is waived for the first two years. After that, the waiver requires S$10,000 in spend over a card year.
Applying through SingSaver takes a few minutes. Click Apply Now and complete the application on OCBC's site, where Singpass MyInfo can prefill your details. Then meet the qualifying spend within the offer period to claim your SingSaver reward.
Frequently asked questions
What is the OCBC 365 credit card minimum spend from 1 Nov 2026?
You need S$800 in eligible spend per calendar month to earn the 6% rates. Below that, eligible spend earns 0.25% cashback.
What is the new OCBC 365 cashback cap?
The cap is S$160 per calendar month at the S$800 spend tier. Previously, S$800 in spend earned a maximum of S$80, and the S$160 cap required S$1,600.
Does fast food earn cashback on the OCBC 365 card?
Yes. From 1 Nov 2026, fast food counts as dining and earns 6% once you meet the minimum spend.
Will telco and utility bills still earn 3% cashback?
No. From 1 Nov 2026, telco, utilities, EV charging and streaming earn 0.25%.
Does Watsons still earn 3% cashback?
Yes, until 31 March 2027. From 1 April 2027, Watsons spend earns 0.25%.
About the author
Alevin K Chan
Alevin loves helping people make good money decisions. He briefly flirted with being a Financial Advisor, but quickly realised writing about personal finance is the better way to go.
The information on this page is for educational and informational purposes only and should not be considered financial or investment advice. While we review and compare financial products to help you find the best options, we do not provide personalised recommendations or investment advisory services. Always do your own research or consult a licensed financial professional before making any financial decisions.