Review: OCBC Infinity – Unlimited 1.6% Cashback, Works For OCBC 360 Account

Good news: yay, new credit card! OCBC has just released a new cashback card (nice) that works with OCBC 360 Account (great)!

Not-so-good news: its earn rate is a paltry 1.6% (sigh). In a world of 5% to 18% cashback, 1.6% is not just terribly unexciting; it’s almost a waste of time.

Nonetheless, if you are an OCBC 360 Account user with a preference for cashback and want something really fuss-free, I suppose the OCBC Infinity is made for you.

Card details

CardOCBC Infinity Cashback Card
Earn Rate1.6% cashback except excluded categories
Minimum SpendN/A
Maximum RewardsN/A
Annual FeeS$194.40 (free for first year)
Annual Income RequirementS$30,000

As the card name suggests, OCBC Infinity gives an unlimited amount of cashback, and there is also no minimum spend to worry about. It’s meant to be a simple, fuss-free credit card, and its lack of conditions and low earn rate reflect that.


🔥 👍🏼

New OCBC Cardholders


  • Get an Apple Bundle [Apple AirPods (Generation 3) with Magsafe Charging Case + MagSafe Charger] (worth S$330.50)
  • Travel Bundle [Samsonite Volant Spinner 68/25 EXP + 2x Apple AirTag] (worth S$570)
  • Hinomi H1 Classic Plus Ergonomic Office Chair with Headrest (worth S$459)
  • S$300 cash via PayNow

Charge at least S$500 within 30 days from card approval

⚠️ Fill up SingSaver rewards form in email to choose your gift. No form completed = no reward given

Last date to apply: 31st January 2024

Terms and conditions:

  1. Tap here (save a copy for your own reference)

Get 1.6% cashback on most transactions. First 2,000 new-to-OCBC cardholders get extra 0.2% cashback

The card is still subject to a list of exclusions commonly seen in other credit cards. As expected, things like MCC 6540 is excluded, so yeah no need to wonder: Grab top-ups will not get any rewards.

Of late, education and school-related expenses have also been gradually excluded by many credit cards, and this is also true of OCBC Infinity.

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

In fact, I might be mistaken but this is probably the longest list of exclusions I’ve seen in a credit card’s terms and conditions.

The competition

Talking about exclusions, one of the OCBC Infinity’s most high-profile competitors has to be the UOB Absolute. The latter gives a higher 1.7% cashback with virtually no exclusions except for Grab top-ups, and even then it gives a better-than-nothing 0.3% cashback (though new-to-bank cardholders do get 10% for a limited amount).

The only reason OCBC Infinity has a fighting chance is the fact that it is a Mastercard which has wider acceptance than UOB Absolute’s American Express network, and that it works for the OCBC 360 Account (more on that later).

UOB Absolute

🔥 👍🏼

S$350 Cash credits: 
 The first 200 new-to-UOB credit card customers in June 2024 who successfully apply for an eligible UOB Credit Card between 1 June 2024 and 31 June 2024 (both dates inclusive) and spend a min. of S$1,000 per month for 2 consecutive months from their card approval date, will receive S$350 cash credit. Click here for full terms and conditions.

Terms and conditions

10% cashback:
For all new-to-UOB Credit Cardmembers who successfully apply for UOB Absolute Cashback Card by 30 June 2024, enjoy 10% cashback on the transactions charged to your UOB Absolute Cashback Card during your card approval calendar month and the following calendar month. Total bonus cashback is capped at S$100. Full terms and conditions apply.

Get 1.7% cashback on nearly anything excluding Grab top-ups which get 0.3% instead.

Other cards that do favourably against the OCBC Infinity would be DCS Cashback card which gives 2% cashback without any minimum spend, and the temporarily buffed CIMB World Mastercard which can give unlimited 2% cashback if you hit S$2,500 of spend within the month.

Fortunately, OCBC Infinity does well against its StanChart and Citibank counterparts in this space. StanChart Simply Cash and Citi Cash Back+ both aren’t as good, but that’s not saying much. Both aren’t great cards, and StanChart is slightly inferior at 1.5% while Citi Cash Back+ has a weird redemption system that is unnecessarily complicated.

Do tap on the link of each card too as the sign-up promo makes a significant impact to their value proposition. Also, I intend to have a shootout between all cashback cards soon, so stay subscribed if you want updates on such content and more great deals.

Works with OCBC 360 Account’s Spend bonus… but is it the best card for that?

Perhaps one of the strongest things going for the OCBC Infinity is that it works as one of the eligible cards to qualify for OCBC 360 Account’s Spend requirement.

It’s quite an awkward situation however, because OCBC 360 isn’t quite the strongest savings account right now. UOB One Account continues to dominate the space for condition-based savings accounts (comparison here), and if you had to choose one you’d probably go for UOB One given its higher interest rate, easier conditions, and better credit cards.

For whatever reason you do have an OCBC 360 Account, having extra 0.6% p.a. does make spend on an OCBC credit card significantly more attractive:

Balance AmountApproximate Monthly Interest at 0.6% p.a.“Cashback” Rate on $500 of spend

When you have a sizeable amount in your OCBC 360 Account and have a choice to make between putting S$500 of spend on an eligible OCBC card or some other credit card, the extra interest from achieving the Spend category can tip the scales quite heavily in OCBC’s favour.


Check out a rundown of great options giving up to 6.8% p.a. for cash savings!

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The question is then whether OCBC Infinity is the card to pick amongst the bunch of eligible OCBC credit cards. If you don’t want miles, the almost equally fuss free OCBC 90°N is probably out of the picture (and if you do want miles, I’m not sure why you are this deep in a 1.6% cashback card review).

That leaves one of the other cards which are harder to use, even if they come with higher earn rates, and I guess that’s why people might consider the OCBC Infinity after all.

Want a simple, easy-to-use cashback card to go with your OCBC 360 Account? Take your paltry 1.6% cashback and be on your merry way, I guess.

Sign-up promo

The card is supposed to have a launch promo, but OCBC seems to have paused the roll out for now. It’s all very strange, but regardless, the promo for this card didn’t seem all that exciting especially when you look at the ongoing promo for its other cards.

Even if you want this card, I would first get one of the other OCBC cards for their sign-up promo first before getting the OCBC Infinity.


I don’t quite know how to feel about this card and wonder whether I’ve already spent too much time on something so boring.

I do, however, get why it exists: there’s probably a segment of people out there who simply can’t be bothered with min/maxing their card rewards, and 1.6% is surely better than nothing. But as someone who didn’t know better and once put a S$11,000 transaction on a 1.5% cashback card many moons ago, it’s hard to get over a disdain of low-earn cards like this.

And perhaps that’s the point of such cards in the first place – for those who don’t care, or for those who don’t know.

The good:

  • Works with OCBC 360’s spend category
  • Simple and fuss-free

The bad:

  • Earn rate is too low

The ugly:

  • I once put S$11,000 of spend on a 1.5% cashback card… the shame.

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