ocbc 360 account

[marshmallow96]

Hi, I have problem this month to meet the $500 spending for ocbc365 card.
Paid for my car insurance but was told later that the MCC code is not eligible for both the card quarterly rebate and ocbc360 $500 spending.

Wondering if paying road tax using ocbc365 will be eligible at least for the $500 spending ?
Anyone has advise ? or any suggestion how to at least meet the $500 spending ?

it's stated in Clause 3 of the T&C, basically, the exclusion for the spending bonus is the same that for the credit cards. Anyway, it also stated clearly in T&C that insurance and taxes not included

 

[cochran]

Today had a talk with OCBC at one of the branch regard the 360 invest interest part. Mmm. Min need 20k and there is dividend of about $80-90 per month and the $120+ invest bonus per mth. Thought all was good....

Then after checked with friend. The invest bonus will only last for 12mths and after that no more and need another 20k reinvest for the invest bonus.

 

[ericcsn]

Today had a talk with OCBC at one of the branch regard the 360 invest interest part. Mmm. Min need 20k and there is dividend of about $80-90 per month and the $120+ invest bonus per mth. Thought all was good....

Then after checked with friend. The invest bonus will only last for 12mths and after that no more and need another 20k reinvest for the invest bonus.

You buy and sell the investment and recover the $20k after 14 days ( say 15th day or a month or so later) so the $20k comes back to you and don’t need another $20k to rinse and repeat in 12 months time.

“This bonus interest is accorded for 12 months after the effective date of purchase, post the free look/cancellation period or 14 days, whichever is longer”.

 

[cochran]

Now the thing is if sell, 1st year there is a 3% fee, 2nd year 2% and 3rd year 1% only 4th year free if sell off.

 

[ericcsn]

Now the thing is if sell, 1st year there is a 3% fee, 2nd year 2% and 3rd year 1% only 4th year free if sell off.

No you don’t.

 

[hwmook]

Now the thing is if sell, 1st year there is a 3% fee, 2nd year 2% and 3rd year 1% only 4th year free if sell off.

Who told you such rubbish?

 

[cochran]

This is the invest that OCBC shared with me.





If there is another product that allow only 1 year. then maybe i ask OCBC. ha

 

[koolkool]

This is the invest that OCBC shared with me.





If there is another product that allow only 1 year. then maybe i ask OCBC. ha

I was googling this fund. It invest in international bonds and also corporate bonds. I think it is just launched and track record wise is quite unknown. This redemption fees of 3% is quite steep. The question is whether the fund can beat this 3%. For you to not pay the redemption fees, you need to hold for 4 years. I need to ask your self if the bond market will always get you the returns for the next 4 years.

If you just want to get the invest interest from 360 account, I personally don't think this is a good idea. You should look for the least cost to you and have a track record to recover this cost at the shortest time. Just my view.

 

[cochran]

Correct. So i am not going for this fund for the ocbc 360 invest interest. If its covered for 3-4 years of interest i dont mind. ha.

the 20k put into mari invest income have higher return and can withdraw anytime.

 

[English Teacher]

Just joined OCBC 360 today

 

[SantyBalls]

did 360 interest drop again?

 

[Euqorab]

did 360 interest drop again?

It dropped effective 1st August 2025

 

[bumdssa]

taking the chance to move out of ocbc and reset my 100k this mth.
if cant find anything better than 2.45% next mth then will probably put back again.

 

[x9evolution]

taking the chance to move out of ocbc and reset my 100k this mth.
if cant find anything better than 2.45% next mth then will probably put back again.

Put back again? Isn’t reset is to take out what ever more then $100k and left $100k inside,

If you reset to zero , then this month interest also zero

 

[bumdssa]

Put back again? Isn’t reset is to take out what ever more then $100k and left $100k inside,

If you reset to zero , then this month interest also zero

I took out to put elsewhere for this month. Get slightly more interest.

 

[koolkool]

Everything according to plan so far! All bonus came in. Sold off my UT with small profit in less than a month. Now I will wait for the credit card cashback to confirm there is cashback end of the month so my effective interest rate will be higher. Thanks all for your kind advice.

Just an update that I received my cashback from the Cardup spent on Infinity card end of last month! That helps to reduce the cost of getting the "spend" bonus to a large extent!

 

[ericcsn]

bonus is in: $331.21. time to move out

 

[bargin]

bonus is in: $331.21. time to move out

thnks for sharing. Bonus in liao !!

 

[ahbard]

Jin Cham...from $600 become $200..

 

[Nanonited]

Jin Cham...from $600 become $200..

Nerfed very bad.. where else to go?