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OCBC Rewards Card cashback rate, cap and annual fee

OCBC Rewards Card pays 4.17% at Lazada, Shopee, Taobao, TikTok Shop (to 31 Mar 2027), and 4 other rates. The card costs SGD 196.20 a year.

This is information about each card's published terms, not a recommendation to apply. PayperWIZ arranges no credit and is paid nothing by any bank or card issuer.

OCBC · Singapore · catalogue v121

Read from OCBC's own published terms on 29 Oct 2026.

SGD 196.20Annual fee
SGD 1,111Spend at the top rate, a month
4.17%Best rate

What it pays, by category

SpendingRateMonthly cap
Lazada, Shopee, Taobao, TikTok Shop (to 31 Mar 2027)online and delivery4.17%—15 OCBC$ per S$1 at Lazada, Shopee, Taobao and TikTok Shop until 31 Mar 2027, with 5,000 extra bonus OCBC$ a month.
Watsons (to 31 Mar 2027)pharmacy4.17%—15 OCBC$ per S$1 at Watsons until 31 Mar 2027.
department stores, clothing, shoes, sports and luggageretail and department stores2.78%SGD 30.89reached at SGD 1,100 of spend10 OCBC$ per S$1 at department stores, clothing, shoe, sporting goods, luggage and duty-free stores, in store and online. 10,000 bonus OCBC$ a month (
selected online retailersonline and delivery2.78%SGD 30.89reached at SGD 1,100 of spend10 OCBC$ per S$1 at selected online retailers. Shares the 10,000 bonus OCBC$.
everything else0.28%—5 OCBC$ per S$5 (1 per S$1) on all retail spend, uncapped.
Valued through OCBC$ (3,600 OCBC$ = S$10 statement credit), so the 10X is 2.78% and the base 0.28%. Lower reading: the terms and the page cap bonus OCBC$ at 10,000 a month; the page's yearly line ('180,000 a year, 15,000 a month') includes the temporary 5,000 for the promotional merchants. S$196.20 a year including GST (was blank), waived for two years and then on S$10,000. Source: ocbc.com Rewards Card page (read in a browser) and the OCBC Rewards Card Programme terms (from 1 Nov 2023), read 29 Oct 2026.

Questions people ask

What cashback does the OCBC Rewards Card pay?

4.17% at Lazada, Shopee, Taobao, TikTok Shop (to 31 Mar 2027), and 4 other rates.

Is there a cap on the OCBC Rewards Card?

Yes. department stores, clothing, shoes, sports and luggage is capped at SGD 30.89 a month; selected online retailers is capped at SGD 30.89 a month.

What is the annual fee on the OCBC Rewards Card?

SGD 196.20 a year.

Knowing the rate is not the same as remembering it

PayperWIZ holds the cards you actually own and names the right one at the till — after the cap you have already used this month, and after the foreign-currency fee. Every rate in it says where it came from, the way this page does: read off the issuer and dated, or marked indicative.

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