OCBC Titanium MasterCard Review

About

OCBC Titanium MasterCard is a pure cash back credit card with no reward points.

Credit Card Highlights

• 5% rebate on dining, groceries, petrol & utility bills
• 1% rebate on everything else
  
  You can earn 5% rebate when you shop at any grocery store, dine at any restaurant, refuel at any petrol station and pay any of your utility bills, anywhere in the world. For everything else that you swipe for, you will get 1% cash rebate. The 5% and 1% rebates above are subject to a maximum of RM600 a year or RM50 a month, when you shop with your OCBC Titanium MasterCard.

• Complimentary access to KLIA Plaza Premium Lounge
  
  Charge RM3,000 and above on airfare or travel packages to your OCBC Titanium MasterCard and get free access to the Plaza Premium Lounge at KLIA while your travel companion enjoys 25% discount. To access the KLIA Plaza Premium Lounge, please call the Contact Centre at 1300 88 5000 at least 2 working days in advance to make a reservation.

Other Benefits:

• Complimentary travel inconvenience benefit
  Enjoy free coverage up to RM5,000 for lost luggage and delayed flights when you charge your full airfare to your OCBC Titanium MasterCard.

• Annual usage bonus
  Spend at least RM10,000 a year to receive annual usage bonus of RM50, which can be used to offset Government Service Tax. Supplementary cardholders can also spend at least RM5,000 a year to receive annual usage bonus of RM25.

• Interest-free period
  Enjoy a 20-day interest-free period from the billing date on all retail purchases. You can also spend at any of our participating merchants with an interest-free instalment plan. Terms and conditions apply.

Eligibility

• Age 21 and above
• Annual income RM36,000 and above

Fees And Charges

• Principal card: RM68 a year*
• Supplementary card: RM28 a year*
• No annual fee for the first year

* Annual fee can be waived with 12x swipe or signed up during zero annual fee promotion period.

Credit Card Review

Here are my comments on OCBC Titanium MasterCard.
  
The most beneficial highlights for OCBC Titanium Mastercard is the 5% rebate on petrol, dining, groceries and utilities including TNB bills, Telco bills and Astro bills. Unfortunately, there is a maximum of cash back of RM50/month. So the 5% cash back for OCBC Titanium is only useful for those who spend less than RM1K per month. If you are spending more than RM1k, you would have most probably used up the RM50 cash back, continue charging to OCBC Titanium Mastercard will give you no benefit since it has no reward points or any other benefits. You will then need to consider charge your transaction after the first RM1k to other cards.

Required Documents For Credit Card Application

	Application Category			Required Documents for Credit Card Application Processing
	Salaried Employee			Photocopy of MyKad (both sides) Latest 1 month salary slip; OR Latest 1 year EPF statement from e-kiosk or over-the-counter certified by EPF Office
	Self-Employed			Photocopy of MyKad (both sides) Form B / E filing with validated tax receipt & proof of PCB deduction (if any) Latest 3 months' bank statements