Planning to leap on OCBC’s 11,520 miles sign-up bonus for the Titanium Rewards playing cards?
Do not trouble – the financial institution simply pulled it – two weeks early!
Replace seventeenth March: having initially terminated this sign-up bonus over two weeks early, OCBC has now had a change of coronary heart and determined it will likely be ongoing till thirty first March 2023 as initially introduced.
For those who had been hoping to reap the benefits of OCBC’s uncommon (and really aggressive) sign-up bonus for its Titanium Rewards playing cards between now and the tip of March, with 11,520 bonus miles on provide for a spend of simply S$100, there’s some unhealthy information sorry.
Regardless of this not being marketed as a UOB-style “first xxx candidates” deal, OCBC has clearly determined they’ve dished out sufficient OCBC$ with this one already, and have pulled the deal over two weeks earlyso no matter you do – do not apply now!
Signal-up bonus promotion withdrawn
OCBC has been providing an 11,520 miles sign-up bonus for new-to-bank cardholders choosing up its Titanium Rewards playing cards since mid-January 2023, as a result of finish on thirty first March 2023.
Even current cardholders, like these with the Voyage card, had been in line for a 5,760 miles stash, only for spending S$100 within the first 30 days.
It was a very candy deal provided that the OCBC TR playing cards are fee-free for the primary two years, making the miles free supplied you had S$100 spend to make, plus there’s as much as S$12,000 of annual 4 mpd spend obtainable in chosen classes .
OCBC has now up to date its web site to point out that this 28,800 OCBC$ (11,520 miles) deal is “absolutely redeemed”which is unusual because it… erm… wasn’t ever imagined to be capped!
Nothing in the Phrases and Circumstances doc for this promotion talked about any type of higher applicant restrict, however then OCBC can at all times fall on that ‘golden’ authorized time period most banks throw in in the direction of the tip, for any promotion:
Successfully although, “absolutely redeemed” is completely disingenuous right here.
What OCBC actually needs to be saying is that the promotion has been terminated earlylittle question as a result of they suppose they’ve given sufficient OCBC$ away already.
It is a bit shady, and positively not customer-focused, however then once more OCBC has some kind right here.
In August 2018 the financial institution pulled the rug on its 4 mpd deal for cell funds and private care transactions – a full 5 months earlier than its proposed finish date.
Right here they’re doing the identical once more, albeit solely two weeks earlier than the sign-up bonus provide was as a result of finish.
What’s not clear is how current candidates within the final couple of days are affected. OCBC solely introduced on its web site that this uncapped deal has been “absolutely redeemed” at 6pm at this time (14th March 2023), so does that imply everybody who utilized earlier than that’s nonetheless eligible for the bonus? When did this “full redemption” (and nil OCBC$ bonus) kick in?
We’re checking with the financial institution to see what the standing is, and can replace this part with their response.
“Absolutely redeemed” is the actual cop-out from OCBC right here with this provide.
The sign-up bonus promotion by no means talked about an higher applicant cap, and this merely reminds us all that the financial institution unceremoniously pulled one other card promotion 5 months forward of scheduled again in 2018.
Those that utilized not too long ago will definitely be involved – we have contacted the financial institution for a response on precisely when this cutoff for the provide took impact.
It is actually a disgrace as a result of this was an amazing deal, but it surely’s secure to say it is now too late to take benefitand that it additionally sows the seeds for some severe distrust over the financial institution’s different promotions, like these for the 90°N Mastercard and the Voyage Card.
Might they pull these promotions too? I believe the reply OCBC simply gave us is “YES!”