U-turn: OCBC reinstates 11,520 miles sign-up bonus for Titanium Rewards card

OCBC has backtracked on its early reduce off for the most recent Titanium Rewards sign-up bonus deal, reinstating the provide to candidates by to thirty first March.

On Tuesday this week OCBC introduced a puzzling and considerably regarding change to its sign-up bonus for the Titanium Rewards card, stating that the deal had been “totally redeemed” over two weeks earlier than it was attributable to finish.

The worrying half was that the phrases and situations for the provide did not point out that it was capped in any approach – was this an indication that the financial institution was taking place the UOB-esque “first xxx candidates” for its bonus miles presents?

Technically the financial institution all the time has a time period in its provide situations stating that it could possibly pull a deal early at its discretion, and we merely needed to assume that is precisely what that they had determined to do on this case.

The deal is again on

On Wednesday morning and – maybe not coincidentally – 15 hours after our article reporting the change was printed, OCBC had a change of coronary heart.

The financial institution eliminated its web site message that the deal had been totally redeemed, and has since confirmed to us that the sign-up bonus “continues to be on-going”.

The deal is again!

It isn’t clear why OCBC introduced that the provide had been pulled early, however there was definitely a adverse backlash to the information in our article and on our social media put up!

As much as 11,520 miles

Now that the provide is again, here is a reminder of the way it works, because it’s fairly a very good one and it’s best to in all probability think about using it to select up some straightforward low cost miles, if you happen to’re eligible.

Offered you do not at present maintain an OCBC bank card (any variant, not simply the Titanium Rewards pair), and also you have not held one within the final six monthsprofitable candidates for both of the Titanium Rewards playing cards below this promotion (blue or pink) will obtain the next sign-up bonus:

  • 28,800 OCBC$ (11,520 miles) on assembly a minimal spend of S$100 inside 30 days of card approval

Present OCBC main cardholders (or those that have held one within the final six months) can be eligible for the next provide:

  • 14,400 OCBC$ (5,760 miles) on assembly a minimal spend of S$100 inside 30 days of card approval

Merely apply by the OCBC hyperlink to be eligible for this provide:

You’ll solely be eligible for the sign-up bonus as soon as, both for the blue or pink model of the OCBC Titanium Rewards bank card (sadly, there isn’t a alternative to ‘double-down’ by making use of for each!).

Should you maintain an OCBC bank card as a supplementary cardholder (however not as a main cardholder on any such account within the final six months), you will be eligible for the total 11,520 miles bonus.

Different issues to know in regards to the promo

  • Qualifying spend for the required S$100 in retail transactions to earn the sign-up bonus excludes classes as outlined in Part 5 of the promotion Phrases and Situations.
  • Eligible no-nos spend embody cost for insurance coverage premiums, bus / MRT and transit spend, and different particular MCCs talked about in Part 3i right here.
  • The sign-up bonus, paid as OCBC$ which may then be transformed to KrisFlyer miles, can be credited by the tip of the month three calendar months after your card approval month (eg permitted in March 2023, bonus credited by thirtieth June 2023) .
  • you need to apply and have your card permitted by thirty first March 2023 on the newest, to be eligible for the promotion. Approval can take a number of days, so sooner relatively than later is the perfect plan for this one.

Issues to know in regards to the OCBC TR playing cards

Not a very thrilling card for normal spending, the OCBC Titanium Rewards earns simply 0.4 miles per S$1 spent both in Singapore or abroad.

The key advantage of this card comes into play with the bonus (10x) incomes classes, which fall below procuring. Offered you get the MCC proper, you will earn 4 mpd on the proper retailers, 10x the common earn charge, each in Singapore and abroad.

Retailers promoting objects equivalent to garments, sneakers and luggage, electronics and devices are included, with on-line transactions additionally eligible. Spending at department shops like TANGS additionally counts, as does eligible spend with Kris+ retailers falling below the eligible MCC checklist.

Here is the total checklist of Service provider Class Codes (MCCs) which qualify for 4 miles per $1 spent each regionally and abroad, together with on-line transactions:

  • MCC 5611: Males’s and Boys’ Clothes and Equipment Shops
  • MCC 5621: Girls’s Able to Put on Shops
  • MCC 5631: Girls’s Accent and Specialty Shops
  • MCC 5641: Youngsters’s and Infants’ Put on Shops
  • MCC 5311: Division Shops
  • MCC 5651: Household Clothes Shops
  • MCC 5661: Shoe Shops
  • MCC 5691: Males’s and Girls’s Clothes Shops
  • MCC 5045: Computer systems, Peripherals, and Software program
  • MCC 5732: Electronics Shops
  • MCC 5699: Miscellaneous Attire and Accent Outlets

This consists of retailers like Apple, Courts, Finest Denki, iStudio, H&M, TANGS and Amazon.

Be aware that since 1st March 2023, transactions made at Amazon and Mustafa Heart utilizing the OCBC Titanium Rewards Credit score Card is not going to earn 4 mpd in the event that they fall below Service provider Class Code (MCC) 5411 (Grocery shops, Supermarkets).

This consists of Amazon Recent purchases, which was beforehand a pleasant strategy to clock spend for a lot of cardholders.

Traditionally the cardboard has additionally supplied 4 miles per greenback on cell transactions, although we are able to in all probability safely say there is no return for this one – it was even reduce quick from its authentic period again in August 2018 (prefer it first appeared this sign-up bonus had been!).

Earlier than you make the leap with the OCBC TR playing cards, listed below are a number of key factors to notice.

Bonus factors are capped yearly

The 10x reward incomes bonus factors are capped at S$12,000 spend per card membership yr, nonetheless you may get two playing cards (the blue and the pink) and successfully double your annual allowance on this class to S$24,000.

That is higher than another playing cards with 10x incomes classes, just like the Citi Rewards which moved to a month-to-month earnings cap a number of years in the past, relatively than an annual restrict.

That makes the OCBC TR playing cards extra suited to large ticket purchases within the bonus classes. Successfully you can spend all $12,000 of your annual cap in a single month if you happen to like (doubtlessly helpful for a big electronics or furnishings buy, for instance).

S$5 incomes blocks are enforced for miles incomes

Sadly in June 2020, OCBC shifted to a S$5 incomes block coverage for miles accrual on its Titanium Rewards playing cards. That annoying coverage means you successfully get a decrease earn charge in case your transaction isn’t in a precise block of S$5.

For instance, a S$9.90 transaction will solely earn the identical variety of OCBC$ as a S$5 transaction, whereas a S$4.90 transaction will not earn something in any respect! Smaller purchases are most adversely affected.

You may solely switch to KrisFlyer, in 10k batches

OCBC$ solely converts to the Singapore Airways KrisFlyer frequent flyer program. Even Asia Miles aren’t an possibility with this one, although OCBC is promising an expanded checklist of companions (with as but unknown switch ratios) from late 2022 February 2023 who is aware of when!

Additionally if 11,520 KrisFlyer miles appears like simply the kind of prime up you want, keep in mind that OCBC enforces conversion blocks of 10,000 miles (25,000 OCBC$), in complete blocks.

You will not be capable of earn 11,520 bonus miles then extract that precise sum into KrisFlyer after your S$100 spend, as an alternative you will mainly need to proceed to accrue OCBC$ till you’ve got reached no less than the subsequent 10,000-mile block. That is fairly a bit extra spend, as you will must have accrued 50,000 OCBC$ (20,000 miles) on this instance.

Transfers price S$25

Additionally price noting is the charge to transform OCBC$ to KrisFlyer miles, which is S$25 per switch, regardless of what number of ‘blocks’ you’re changing. Clearly it is smart to transform as massive a amount as attainable to dilute the conversion price per mile.

For full particulars, see our full overview of this bank card.

phrases and situations

Full phrases and situations for the OCBC Titanium Rewards sign-up bonus can be found right here:

OCBC TR ‘Apply and Spend’ Promo T&C

OCBC has completed an about-face on its early withdrawal of the 11,520 miles sign-up bonus for the Titanium Rewards card, which could be very reassuring information provided that the phrases and situations for the provide did not specify any higher cap on what number of candidates may take benefit.

The very last thing we wanted was one other financial institution taking place the UOB route of capping offers to the primary xxx candidates, and it is good to see OCBC has now determined towards this, even whether it is uncomfortable in regards to the quantity of OCBC$ already dished out as a part of this promo.

As for the deal itself – it is a good one. That is a straightforward approach for a lot of of our readers to prime up their miles steadiness by 11,520 miles (or 5,760 miles) for under S$100 of retail spend, and the cardboard is fee-free for the primary two years.

Should you’re it’s best to apply quickly, since solely approvals by thirty first March 2023 can be eligible.

(Cowl Photograph: Shutterstock)

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