2025 Card Review: OCBC Rewards
- MilesWise
- Mar 3
- 3 min read
Updated: Mar 6
The OCBC Rewards Card has had its ups and downs, but 2024 brought a silver lining: a 6 mpd bonus for MCC5311. This means you can use OCBC Rewards to buy HeyMax vouchers, allowing you to rack up miles across a wide range of categories. While this is only a temporary boost until June 2025, it’s a welcome opportunity for those looking to maximize their miles.
OCBC Rewards Card: MileWise Card Rating for 2025
☐ Core Card to Use 🔥
☑ Use Only When There Is a Promotion 🎯
☐ Apply Only for Sign-Up Bonus (SUB) 💰
☐ Don't Bother Applying 🚫
MileWise Commentary: With HeyMax vouchers (MCC: 5311), you can extend this 6 mpd benefit to a wide variety of everyday spend categories. However, the card still suffers from limited bonus categories compared to competitors, points earned in S$5 blocks, and underwhelming transfer ratios for many airline and hotel partners. I am using OCBC Rewards as much as I can for the 6mpd, but I wouldn't recommend this card unless you're a big spender and have already maxed out your caps on your other 4-6mpd credit cards.
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Key Features of the OCBC Rewards Card
4 mpd on eligible online and offline shopping (restricted MCC whitelist)
6 mpd (till Jun 2025) on department stores, duty-free, and Watsons
Use HeyMax (MCC: 5311) to effectively earn 6 mpd on more categories
S$1,110 monthly cap on 4 mpd, S$1,000 cap on 6 mpd categories
Annual fee waived for first 2 years, and waived with S$10,000 annual spend thereafter
Although it has 8 transfer partners, poor points-to-miles ratio for 7 of them means your only "worth it" option is Krisflyer.
Who Should use the OCBC Rewards Card?
Online or offline shoppers: If you regularly spend at online shopping, department stores, duty-free shops, and Watsons, the 6 mpd promo is a game-changer.
Those Who Max Out the S$1,500 Cap Monthly on DBS WWMC – If your online spending regularly exceeds S$1,500 per month, adding the OCBC Rewards Card can provide additional spending caps from your online shopping portion.
Follow these tips to maximise your miles from OCBC Rewards Card
Leverage HeyMax Vouchers: Purchase HeyMax vouchers for merchants like Amazon, Grab, and Deliveroo to earn bonus miles.
Enjoyed this article? Find more tips to accelerate your miles game! ✈️💳
Survey: OCBC Rewards Card
Are you doing HeyMax x OCBC Rewards?
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OCBC Rewards Card Specifications
🏷️Annual Fee: | Free |
|---|---|
💰 Income Requirement: | $30,000/year |
🌍 Foreign Currency Fee: | 3.25% |
⏳ Points Expiry: | 2 years |
✈️ Transfer Partners: | 8; althought only Krisflyer a viable option |
🔄 Transfer Ratio: | 25,000 points: 10,000 miles (Krisflyer only) |
📦 Transfer Block: | 25,000 points: 10,000 miles (Krisflyer only) |
💳 Transfer Fee: | S$27.25 |
🔗 Points Pooling: | Yes, with other OCBC Cards |
📌 How/When Points Are Credited: | Base points are credited when the transactions post. Bonus points are credited in the followingmonth. |
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