OCBC Great Eastern Platinum Mastercard

Your on-going RM100,000 Life Insurance Coverage which commenced prior to 1 March 2021 will not be affected. It will continue until the end of the 12-months coverage period. After the end of the 12-months coverage period, the coverage feature will cease. Please refer to Illustration 1 below: Please note that the Terms and Conditions of the coverage policy still applies throughout your coverage period. Click here to view your coverage policy and endorsement.

Yes, you will enjoy the new cashback features which will start from 1 March 2021 simultaneously. Please refer to Table 2 of clause 3(a) of the Terms and Conditions, or Table 3 of FAQ 9 which sets out the transactions that form part of retail spending and transactions that do not.

Your on-going Auto-IPP which commenced prior to 1 March 2021 will not be affected. It will continue until the end of the 12-months tenure. After the end of the 12-months tenure, the Auto-IPP feature will cease. Please refer to Illustration 2 below:

Yes, you will also enjoy the new cashback features which will start from 1 March 2021 simultaneously. Do note that Auto-IPP transactions are not eligible for cashback. Please refer to Table 2 of clause 3(a) of the Terms and Conditions, or Table 3 of FAQ 9 which sets out the transactions that form part of retail spending and transactions that do not.

Yes, you may contact the OCBC Contact Centre at 03-8317 5000 and request to pay the Auto-IPP in full. You shall continue to pay the installment amounts as stated in the monthly statement until such time the installment amounts are converted into lump sum and reflected in your monthly statement.

OCBC Bank has Easy Payment Plan programme (“EPP”) available for all OCBC Credit Cardmembers with up to instalment tenure of up to 20 months that comes with a one-time handling fee of up to 7%. Please refer to Table 1 below: You can apply for EPP via OCBC Bank’s Internet Banking service or contact the OCBC Contact Centre at 03-8317 5000.
Visit https://www.ocbc.com.my/personal-banking/cards/epp-innerpage.html for more information and Terms and Conditions of the EPP programme.

You will earn rebates on purchases validly charged to your OCBC Great Eastern Platinum Mastercard as shown in Table 2 below: You will also enjoy merchant offers from OCBC and Great Eastern’s Live Great Privileges.

The 2.5% rebate on Great Eastern Insurance Premiums payments (“Great Eastern Insurance”) is capped at RM100 per calendar year, per Principal card; while there is no maximum rebate limit to the 0.1% rebate on Other Retail Spending.

With an annual premium of just RM4,000 you will already earn RM100 cashback. As for the 0.1% rebate on Other Retail Spending, it is unlimited.

As stated in clause 3(a) of the Terms and Conditions of the OCBC Great Eastern Platinum Mastercard:

1. “Great Eastern Insurance Premium payments” mean the amount of Great Eastern insurance premium payment(s) (“Great Eastern Insurance”) which is validly charged to your OCBC Great Eastern Platinum Mastercard Card for the month. This excludes any transaction reversal, transaction dispute, transaction fraudulence or Automatic Instalment Payment Plan relating to Great Eastern Insurance;
2. “Other Retail Spending” means the amount of the Cardmember’s retail spending which is validly charged to the OCBC Great Eastern Platinum Card for the month. Table 3 below sets out the transactions which form part of retail spending and transactions which do not; and excludes any Great Eastern Insurance:
   TABLE 3

   OTHER RETAIL SPENDING (TRANSACTIONS INCLUDED IN REBATE CALCULATION)	NON-RETAIL SPENDING (TRANSACTIONS EXCLUDED FROM REBATE CALCULATION)
   (i) Local and overseas purchases	(i) Easy Payment Plan (EPP)
   (ii) Auto Debit/Recurring	(ii) Balance Transfer (BT)
   (iii) E-commerce/Online Purchases	(iii) Call for Cash (CFC)
   (iv) Instalment Payment Plan (IPP)	(iv) Power Credit Cash Plus
   (v) Mail Order/Telephone Order	(v) Outstanding Balance
   	(vi) Cash Advance
   	(vii) Finance Charge
   	(viii) Annual Fee
   	(ix) Late Payment Charge
   	(x) Reversal on Transaction
   	(xi) Disputed Transaction
   	(xii) Fraudulent Transaction
   	(xiii) Card Replacement Fee
   	(xiv) Service Tax
   	(xv) Other Fees and Charges
   	(xvi) Any transaction relating to Great Eastern Insurance

Yes. Supplementary Cardmembers will also enjoy the same benefits as Principal Cardmembers. The Supplementary Cardmember’s spending will be cumulated with the Principal Cardmember’s spending for rebate calculation, and rebates reflected in the billing statements of the Principal Cardmember’s OCBC Great Eastern Platinum Card account.

The rebate is accumulated based on your monthly billing cycle and will be credited into your Credit Card account on the last day of your billing cycle.

No. There is no annual fee for Principal and Supplementary OCBC Great Eastern Platinum Card.