OCBC NXT Credit Card
Highlights
SingSaver's Take
Things to Consider
Benefits
Fees & Charges
Eligibility
Pros & cons
Pros
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.
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.
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.
Cons
If you do not meet the minimum monthly spend of $800, your cashback rate drops to only 0.5% on all spend.
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.
Payments like Grab, Gojek, taxi services, government services, insurance, and utilities are excluded from cashback.
OCBC NXT Credit Card
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.
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OCBC NXT Credit Card |
UOB One Card |
Citi Cashback Card |
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Interest Rate: 27.78% p.a. Annual Fee: $163.50 (waived for the first 2 years) Minimum Annual Income:
Benefits:
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Interest Rate: 27.80% p.a. Annual Fee: $196.20 (waived for the first year) Minimum Annual Income:
Benefits:
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Interest rate: 27.9% Annual fee: $196.20 (first year waived) Minimum annual income:
Benefits:
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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.
Frequently asked questions about the OCBC NXT Credit Card
It automatically splits your payments into monthly payments.
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 installments.
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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