OCBC Great Eastern Platinum Mastercard

Unlimited Cashback
for the Wellness Explorer.
If taking care of your wellbeing is important to you, OCBC Great Eastern Platinum Mastercard is your ideal wellness buddy that rewards you for all your lifestyle choices.
Features
2.5% Cashback on Great Eastern insurance premiums
Capped at RM100 p.a.
Unlimited Cashback
0.1% Unlimited Cashback on other retail spending excluding Great Eastern insurance premiums
No Annual Fees
Live Great Privileges
and other health and wellness rewards with our Live Great Partners
Eligibility
Age
21 and above
Annual income
Minimum RM36,000 per annum
Requirement
Must be a GE policyholder
Frequently Asked Questions
1.
I still have an on-going RM100,000 Life Insurance Coverage from my OCBC Great Eastern Platinum Card. Will my on-going coverage be affected?
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:
Illustration 1
Commencement of RM100,000 Life Insurance Coverage
Continuation for 12 Months Coverage
Final Coverage
Coverage Renewal from 1 March 2021 onwards
1 March 2020 28 February 2021
1 January 2021 31 December 2021
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.
2.
With the on-going RM100,000 Life Insurance Coverage until completion of its 12 months Coverage period, will I also enjoy the new cashback features concurrently?
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.
3.
I still have an on-going Auto-IPP for my Great Eastern Insurance premiums. Will my on-going Auto-IPP be affected?
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:
Illustration 2
Auto IPP Commencement Date (1st instalment)
Continuation for 12 Months Tenure
Auto IPP Final Instalment (12th instalment)
Auto-IPP Renewal from 1 March 2021 onwards
1 March 2020 28 February 2021
1 January 2021 31 December 2021
4.
With the on-going 0% 12 months Auto-IPP until completion of its 12 months tenure, will I also enjoy the new cashback features concurrently?
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.
5.
Can I pay off my outstanding Auto-IPP amount in full?
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.
6.
I am keen to pay my Great Eastern insurance premiums via instalments. Are there other instalment programs available?
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:
TABLE 1
EPP Tenure
ONE-TIME HANDLING FEE (NON REFUNDABLE)
5 months 4%
10 months 6%
20 months 7%
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.
7.
What are the benefits of the OCBC Great Eastern Platinum Mastercard?
You will earn rebates on purchases validly charged to your OCBC Great Eastern Platinum Mastercard as shown in Table 2 below:
TABLE 2
REBATE
TRANSACTIONS FOR REBATE CALCULATION
2.5%
(capped at RM100 per calendar year, per Principal card)
Great Eastern Insurance Premiums payments only
0.1% Other Retail Spending
(excludes Great Eastern Insurance Premiums)
You will also enjoy merchant offers from OCBC and Great Eastern’s Live Great Privileges.
8.
Is there a maximum rebate limit applicable to the OCBC Great Eastern Platinum Mastercard?
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.
9.
What consists of Great Eastern Insurance Premium payments and Other Retail Spending?
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
10.
Will my supplementary Card enjoy the same benefits as I do?
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.
11.
When will I get my rebate?
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.
12.
Is there any annual fee for the OCBC Great Eastern Platinum Card?
No. There is no annual fee for Principal and Supplementary OCBC Great Eastern Platinum Card.
Terms and Conditions apply.

Revision to the OCBC Great Eastern Platinum Mastercard Features from 1 March 2021

Terms and Conditions of the Exclusive Easy Payment Plan Program from 1 November 2021 till 31 January 2022



Important Notes:
OCBC Bank (Malaysia) Berhad merely provides payment convenience and disclaims all liabilities and obligations in respect of any products, services or representations by third parties. Usage of OCBC Credit Cards is subject to the terms and conditions in OCBC Cardmember’s Agreement.


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