Hm, I have UOB One Platinum. But mainly use it for Petrol only, cap at RM30 per month I think.

That's why applied for OCBC Titanium, especially for rebates on other purchases.

Same here Bro, its a hassle to change the auto debit for the Utility Bills, etc

-deleted as out of Topic-

This post has been edited by cfa28: Oct 24 2013, 03:41 PM

just got my ocbc titanium mastercard today..!

the brochure come with the card still advertising 5% cash back?

Congrat. How long did it take you?

for sure, i think... there is no point for ocbc to print new design of brochures less the benefits...
maybe you should ask whether the brochure advertising 10% cash back instead?

3weeks..they sent it on 10 october but receive today ...jut got it activated few minutes ago ..

Or the easier and lazier way is to call the CS and ask how much you have accumulate thus far

the first year I joined. OCBC send me an Annual Statement but in 2-nd year, no more Annual Statement Probably cost them more to send such statements.

From a CC Company perspective, a Points System vs Cash Rebate system, a Cash Rebate is more costly cos

1) Cash Rebate is immediate payment
2) Some card holders forget to redeem and some points expire
3) Many Points System - the actual value is low cos the CC company has special arrangements, etc

But a Cash Rebate encourages ppl to spend more. But still the MDR to the CC Company vs Cash Rebate to card holder, I dare to say that > 70% of Card Members get more rebates that was OCBC earns in MDR.

So, what is OCBC earning, Simple, they hope that you overspend and cannot pay in full so they can charge you 15% interest rate. This 15% interest rate may be enough to enough to cover the 5% cash rebate if there are enough of what they called 'revolvers', people who only can pay minimum or slightly above minimum.

CC Company hate transactors, ppl who pay in full. CC Company will lose money if they are more Transactors compared to Revolvers. So, if you guys want OCBC to continue this great Card, don't pay in full. Just revolve your monthly account.

Has anyone done a Poll of Transactors vs Revolvers in LYN?



This post has been edited by cfa28: Oct 24 2013, 07:13 PM

LYN CC Division is filled with ethical chaps. They will not encourage Revolvers. But I do revolve once in a while. Before I make any large purchases, I do a bit of calculation and see how much I can pay initially and how long do I need to finish it up. I make it a point to not exceed three times of payments to finish it up.

It seems that OCBC no longer issues OCBC Titanium mastercard. I had just visited their website, it's not there anymore, only Platinum and Gold available.
Congrats to those who manage to get their cards before the end of Titanium card!
Those who are not, let's pray for OCBC would come out with a better card.

what's MDR?

Merchant Discount Rate ??
http://en.wikipedia.org/wiki/Merchant_account#Discount_Rates

Today (25/10) is the last day they accept nrw application. Make sure all your required documents are ready and well documented then you still can go ahead and apply. Last day last day... come on! Jump on bandwagon or regret later.

Hence come to my earlier point that there is no point threatening them. If OCBC Bank fails balance things out and really is losing money on this card product, no amount of complain will change their decision to withdraw this card from the market (should they decide to) or to replace the Titanium MasterCard with yet another redesigned credit card with lower rewards return to the card holder.


No. Not really. The reason is quite simple too. It is because people who settle their outstanding in full every month is < those who pay only minimum of a bit more than the minimum.


I certainly would not encourage people to do that. While i do not know how many people here settle their credit card in full every month and those who don't, but one thing for sure is that majority of Malaysian credit card holders do not settle their credit card outstanding in full every month. That is according to BNM.

Congratulations for all the cardholders of OCBC Titanium Mastercard And all the best to those who applied on the last day, hope you can join us.

So far I am really making use of this card for dining. Absolutely awesome

if OCBC titan discontinue, next best card combo with mbb2 will be HLB wise card

Wise is not attractive for light user plus the annual fee is a bomb, i think Gen X published an article on this especially on the Platinum one where the annual is dragging the rebate percentage down.

Not only the OCBC TMC, the Great Eastern Card which also offers cash back for Insurance and Education is missing.

And it is not the first time they remove a card from their website. Not to long ago, they also offered IQ credit cards.

Yes, I did do an article on cash back from MBB 2 AMEX, OCBC and WISE. Click here to read my article Credit Cards Effective Cash Back.

You mean for Wise Card, there is no 'Free Annual Fee'. Almost all cards in Market is free Annual Fee right? Okay, I will discuss other Cards here but I will go to the Wise thread.

As for my previous post on Transactors vs Revolvers, guys, it was in sarcasm that I said that you guys should revolve. To digress for OCBC, even if the people Revolve, cos the Rebates are quite high, 5% and 1%, etc, unless the average Outstanding is more than RM4.0K for a monthly interest of 1.25% (Annual 15%), OCBC probably still lose $$$.