OCBC Bank has rolled out its latest credit card designed to enable cardholders to earn up to $960 in cashback rewards annually.
Known as OCBC 365 Credit Card, the new card offers cash back on every type of purchase such as petrol or weekend and weekday dining, online travel bookings to concert and movie tickets, as reported by straitstimes.com.
The bank said that the cash back offer varies from 0.3 to 6% as per the daily spending on various categories of shopping.
Cashback rewards can be earned at all merchants given that minimum $600 is spent within any given month.
OCBC group lifestyle financing head Desmond Tan was quoted by straitstimes.com as saying, "Through research, we know that the feature of cashback ranks high in the mind of the consumers."
"We want to make it simple and almost effortless for our customers to be rewarded," Tan told the publication.