New OCBC 365 Visa Signature Cashback Card

[Trazora]

Actually it is the posting date that matters not the transaction date on the credit card statement. The posting date not reflected on statement but should not be earlier than the actual transaction date

 

[purpletoysmum]

Never spend on the last day. Should aim for 3 days before. Or one week if it's an overseas merchant.

 

[DarkBlue]

Actually it is the posting date that matters not the transaction date on the credit card statement. The posting date not reflected on statement but should not be earlier than the actual transaction date

thank you.

 

[shadow84]

just to confirm, if i purely use this card for online shopping, 3% rebate capped at $80/mth gives me max spending at $2667 before i dun get any rebates?

 

[Trazora]

just to confirm, if i purely use this card for online shopping, 3% rebate capped at $80/mth gives me max spending at $2667 before i dun get any rebates?

You get 3% for online shopping if the merchant category is not in the exclusion list and min spending in the month is $600. Total rebate capped at $80 per month

 

[beri stupid idiot]

there are some tnc changes to the frankie and not-so-365 card coming jan 2016

 

[chm527]

what are the changes? didn't see on their website.. only saw Bonus+ Savings Account and Premier Dividend+ Savings

 

[chongpang]

Hi everyone, i do not hold any ocbc credit cards but wish to apply now, i know if i apply at roadshow i will get $30 vouchers from Robinsons, $10 from Royal Sporting House and $10 from XXX, but if i apply online i will get $50 cashback, anyone know how the cashback works? Is it better?

 

[XiangKaPager]

there are some tnc changes to the frankie and not-so-365 card coming jan 2016

got sauce?

 

[mdax23]

Hi everyone, i do not hold any ocbc credit cards but wish to apply now, i know if i apply at roadshow i will get $30 vouchers from Robinsons, $10 from Royal Sporting House and $10 from XXX, but if i apply online i will get $50 cashback, anyone know how the cashback works? Is it better?

Cashback better. U can use it for anything. After that they deduct from your statement.

 

[OCBC Bank]

there are some tnc changes to the frankie and not-so-365 card coming jan 2016

what are the changes? didn't see on their website.. only saw Bonus+ Savings Account and Premier Dividend+ Savings

Hi all,

With effect from 1st October 2015, there have been some changes on our FRANK card.

A minimum spend of S$400 on the FRANK Credit Card is required to qualify for additional cash rebate on online purchases, entertainment and NETS FlashPay Auto Top-Ups (ATU).

This S$400 excludes online transactions and NETS FlashPay ATU. Monthly rebates are capped at S$60 per month.

Do visit http://www.frankbyocbc.com/products/cards/credit-card/#tables for more information.

As for the 365 card, we are not aware of any upcoming changes in the terms and conditions.

^DG

 

[chongpang]

Cashback better. U can use it for anything. After that they deduct from your statement.

Do you know the requirements for the cashback? Any min spend?

 

[Trazora]

Do you know the requirements for the cashback? Any min spend?

You can refer to the TnC http://www.ocbc.com/assets/pdf/sgd50cashback-online-promo-newcardholders-tncOct15.pdf

 

[nexusfanboi]

Hi Rufin,

Recurring giro payments to SP Services and Town Council are counted towards the $600 spent, and will be eligible for the 0.3% rebates.

^DG

How does this work? How does one go about GIRO-ing to the credit card?

 

[OCBC Bank]

How does this work? How does one go about GIRO-ing to the credit card?

Hi nexusfanboi,

You may contact the billing organizations for advice on setting up giro-deduction from the cards.

^WX

 

[sg2303]

Hi leogeo,

If the transaction shows up in your Nov unbilled statement, it will count towards your Nov spending.

^Wilson

Dear Wilson from OCBC,

I think you just gave a wrong information.

I had a similar situation like this.

My Oct statement showed that I have spent $630 and I had to pay $630 for Oct bill.

But I was denied the rebates and only given 0.3% rebates because OCBC says 1 of the transaction ($80) made on 29 Oct was posted in November and so will count towards Nov spending. BUT that transaction was right in Oct statement.

In short:
Oct statement charged me $630.
But I didn't make the cut for the minimum spending in Oct because $80 was supposedly posted in November and should count towards Nov spending. Oct spending now became $550.

How do you explain this?

 

[OCBC Bank]

Dear Wilson from OCBC,

I think you just gave a wrong information.

I had a similar situation like this.

My Oct statement showed that I have spent $630 and I had to pay $630 for Oct bill.

But I was denied the rebates and only given 0.3% rebates because OCBC says 1 of the transaction ($80) made on 29 Oct was posted in November and so will count towards Nov spending. BUT that transaction was right in Oct statement.

In short:
Oct statement charged me $630.
But I didn't make the cut for the minimum spending in Oct because $80 was supposedly posted in November and should count towards Nov spending. Oct spending now became $550.

How do you explain this?

Hi sg2303,

We will only consider posted date of transactions

Your statement will show the Transacted Date of your purchase. However, the amount may only be posted later in November. If you’d like a confirmation when that October purchase was posted to your card account, we can arrange for a service executive to call you & advise you.

^Wilson

 

[gnixer]

Hi sg2303,

We will only consider posted date of transactions

Your statement will show the Transacted Date of your purchase. However, the amount may only be posted later in November. If you’d like a confirmation when that October purchase was posted to your card account, we can arrange for a service executive to call you & advise you.

^Wilson

I also encountered the same thing for last month.
it is not our control when the merchant choose to collect the fund despite we made the transactions a few days in advance.

Ocbc is so inflexible about this grey potion. at least standard chartered has a more flexible guideline. whether post in which month, it is still money spent on the card or else who still want to spend on the card without any perk.

 

[Trazora]

I also encountered the same thing for last month.
it is not our control when the merchant choose to collect the fund despite we made the transactions a few days in advance.

Ocbc is so inflexible about this grey potion. at least standard chartered has a more flexible guideline. whether post in which month, it is still money spent on the card or else who still want to spend on the card without any perk.

From what i understand all banks look at the posted transaction date not the transacted date. Same for standard chartered

 

[sg2303]

Hi leogeo,

If the transaction shows up in your Nov unbilled statement, it will count towards your Nov spending.

^Wilson

Hi sg2303,

We will only consider posted date of transactions

Your statement will show the Transacted Date of your purchase. However, the amount may only be posted later in November. If you’d like a confirmation when that October purchase was posted to your card account, we can arrange for a service executive to call you & advise you.

^Wilson

Dear Wilson,

In that case, do you agree your 2 statements contradict?

My transaction showed up in the Oct statement, should it be counted towards Oct spending or Nov spending?

Please tell me.

OCBC CSO had already called and explained.
Transaction date is 29 Oct, posted date is 1 Nov.
Transaction appeared in Oct statement but counted towards Nov spending. Contrary from what you have mentioned.