The Ultimate Family Companion? OCBC Platinum Credit Card Review 2025

For Singaporean families seeking everyday savings, the OCBC Platinum Credit Card positions itself as a versatile lifestyle companion. But does it deliver value in 2025โ€™s competitive landscape? We dissect its perks, pitfalls, and positioning.

๐Ÿ’ณ Key Features & Benefits: Where the Card Shines

  1. Rewards Structure:
  • 5 OCBC$ per S$5 spent (equivalent to 1 OCBC$ per S$1 or 0.4 air miles per dollar) on all transactions .
  • OCBC$ are redeemable for cash rebates, air miles, vouchers, or retail products via OCBCโ€™s Rewards Portal .
  1. Family-Centric Perks:
  • Travel: Exclusive Expedia deals on flights, hotels, and packages .
  • Dining: Discounts at Paradise Group outlets and other partner restaurants .
  • Wellness: Spa package discounts and 0% instalment plans for health/beauty services .
  1. Supplementary Cards:
  • Free for the first two years (normally S$81.75/year), making it easy to extend benefits to family members .

โš ๏ธ Fees, Eligibility & Fine Print

CategoryDetails
Annual FeesS$163.50 (principal), waived first 2 years. Waiver requires S$10,000 annual spend .
Income RequirementsS$30,000/year (Singaporeans/PRs), S$45,000/year (foreigners) .
PenaltiesLate payment fee: S$100; High interest: 26.88% p.a. .

Note: One user reported aggressive late-fee enforcement after missing a “few dollars” on payment, resulting in a S$200+ charge . Always pay on time!

๐Ÿค” How It Compares to Other OCBC Cards

While versatile, the Platinum isnโ€™t OCBCโ€™s top earner:

CardBest ForRewards RateAnnual Fee
Platinum CreditFamily deals1 OCBC$/S$1 (0.4 mpd)S$163.50 (waived Y1-2)
OCBC 365Cashback5% dining, 6% petrol, 3% groceriesS$196.20 (waived)
OCBC 90ยฐNTravel miles2.1 mpd (overseas), 1.3 mpd (local)S$196.20 (waived Y1)
OCBC RewardsShopping6 mpd at select retailers (e.g., Watsons)S$196.20 (waived)

Verdict: The Platinum lags behind for miles/cashback enthusiasts but wins for bundled lifestyle discounts.

โš ๏ธ Critical Drawbacks to Consider

  • Low Rewards Efficiency: At 0.4 mpd base rate, itโ€™s outperformed by most premium cards (e.g., UOB Ladyโ€™s Solitaire offers 4 mpd) .
  • Strict Waiver Policy: Fee waivers require S$10,000/year spendโ€”higher than some competitors .
  • Niche Use Cases: Benefits like Expedia/Paradise deals only matter if you frequent those partners .

๐Ÿ’ก Ideal User Profile

This card suits:

  • Families leveraging dining, travel, and wellness discounts.
  • Occasional spenders who value simplicity over max rewards.
  • Supplementary card users benefiting from zero fees in early years.

Skip it if: You chase miles (get OCBC 90ยฐN) or cashback (OCBC 365) .

โœ… The Bottom Line

The OCBC Platinum Credit Card is a solid lifestyle card for families but a weak earner for rewards optimizers. Its 2025 relevance hinges on whether you:

  1. Regularly use Expedia, Paradise Group, or partner spas.
  2. Value supplementary cards for household spending.
  3. Can reliably hit S$10,000/year for fee waivers.

Pro Tip: Pair it with OCBCโ€™s high-interest savings accounts (e.g., OCBC 360) to compound value from spending .

For limited-time offers, check OCBCโ€™s site or SingSaver (e.g., free AirPods on sign-up) .

Have you used the OCBC Platinum Card? Share your experiences below! ๐Ÿ‘‡

Saeed Ashif Ahmed
Saeed Ashif Ahmed

Co-Founder and Director of Rabbit Rank LLC, which is recognized as one of the most reliable digital marketing companies in the industry.

Articles: 48

Newsletter Updates

Enter your email address below and subscribe to our newsletter

Leave a Reply