OCBC Infinity Card Review | What You Need to Know

OCBC Infinity Sign Up:


OCBC Infinity Card Overview:

  • The OCBC Infinity Card is a cashback credit card offering a straightforward 1.6% cashback on all your spending, everywhere you shop. There’s no need to worry about minimum spending requirements or caps on cashback earned. This is a fuss-free credit card is perfect both for low spender and those who are planning to have a big purchase.

Eligibility & Fees:

Minimum Age: 21 years old

Minimum Annual Income: S$30,000 (locals/PRs); S$45,000 (foreigners)

Annual Fee: S$196.20 (first year waived)


Key Benefits:

  • Get 1.6% cashback on all of your purchases, whether they are transacted local, online, in stores, and overseas.
  • No minimum monthly spending required
  • No maximum spending cap

Best used to Double-Dip on Cashback + Interest Earned
  • This card can earn 1.6% cashback on anything except those on the exclusion list. But that’s not all, this is one of the cards where your spending can count into the fulfilment of the “Spend” criteria on OCBC 360 account. See “Any Hacks/Promos” below. The other cashback card alternative would be OCBC 365, that comes with higher cashback but also a minimum spend required of S$800.
  • OCBC Infinity is an easy card to use for those who don’t want to stress out over hitting the minimum spend

  • Pair with OCBC 360 Account to earn annualized ROI of 4.75% (Interest on Savings + Cashback)
  • Spending on items in the exclusion list (e.g. insurance payments) with the OCBC Infinity still count towards the “Spend” criteria to unlock higher interest on OCBC 360 account.

Exclusion List:

  • All card fees and charges, card annual fees, membership fees, renewal fees, Balance Transfer and charges incurred for any Balance Transfer facility, Cash-on Instalment facility and charges incurred for any Cash-on-Instalment facility, Instalment Payment Plan, Extended Payment Plan, Income Tax payment, interest, late payment charges, Goods and Services tax, Cash Advances, bill payments made via Internet Banking, and other fees and charges.
  • Funds to prepaid accounts and merchants who are categorised as “payment service providers”, which include (without limitation) EZ-Link, NETS FlashPay, eNETS, SAM, Transit Link, AXS, GrabPay, Youtrip, Shopee Pay and Singtel Dash. The exclusions are not exhaustive and may be subject to changes from time to time.
  • any transactions under these MCCs:

MCC
Description
4784
Tolls and Bridge Fees
4829
Wire Transfer Money Orders (WTMOs)
4900
Utilities–Electric, Gas, Heating Oil, Sanitary, Water
5047
Medical, Dental, Ophthalmic and Hospital Equipment and Supplies
5199
Nondurable Goods (Not Elsewhere Classified)
5960
Direct Marketing Insurance Services
5993
Cigars, Stores and Stands
6010
Member Financial Institution–Manual Cash Disbursements
6012
Member Financial Institution–Merchandise and Services
6051
Quasi Cash–Merchant (Non-Financial Institutions – Foreign Currency, NonFiat Currency, Cryptocurrency)
6211
Securities–Brokers and Dealers
6300
Insurance Sales, Underwriting and Premiums
6513
Real Estate Agents and Managers–Rentals
6540
Non-Financial Institutions – Stored Value Card Purchase/Load
7349
Cleaning, Maintenance and Janitorial Services
7523
Automobile Parking Lots and Garages
7995
Gambling – Betting, including Lottery Tickets, Casino Gaming Chips, OffTrack Betting, and Wagers at Race Tracks
8062
Hospitals
8211
Schools, Elementary and Secondary
8220
Colleges, Universities, Professional Schools and Junior Colleges
8241
Schools, Correspondence
8244
Schools, Business and Secretarial
8249
Schools, Trade and Vocational
8299
Schools and Educational Services–Not Elsewhere Classified
8398
Organizations, Charitable and Social Service
8651
Organizations, Political
8661
Organizations, Religious
8675
Automobile Associations
8699
Organizations, Membership–Not Elsewhere Classified (Labor Union)
9211
Court Costs Including Alimony and Child Support
9222
Fines
9223
Bail and Bond Payments
9311
Tax Payments
9399
Government Services–Not Elsewhere Classified
9402
Postal Services–Government Only
9405
Intra-Government Purchases–Government Only

Advantages:
  • Great for those who just want one card for all payments
  • No minimum spend and spending cap
  • No extra redemption process needed to redeem cashback
  • Able to pair with OCBC 360 account to clock S$500 monthly spending to earn extra interest
Disadvantages:
  • Relatively low cashback rate as this is a general spending card

When will I receive my Cashback: Cashback will be automatically credited to your OCBC Infinity card account by the end of the following calendar month. Cashback will be automatically offset against that month’s billed amount.


Final Thoughts:

If you prefer simplicity and a guaranteed cashback rate on all of your purchases while earning higher interest on your savings, the OCBC Infinity Card is a solid choice. On the other hand, cards with greater cashback rates or extra benefits may offer better deals if you value maximizing your rewards.


Credit cards change their T&Cs every so often and it is difficult to stay updated. That’s why I created a Telegram Broadcast where you can receive timely bite-sized updates to get the most out of your spending.


OCBC Infinity Sign Up:

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lobangsis
lobangsis
Aud, your lobang sis shares personal finance to achieve happiness, prosperity and progress for us all.

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