OCBC 90⁰N Visa Card
Travel rewards that convert to cash with the OCBC 90°N Visa Card
Eligibility
Minimum Monthly Income
RM 5,000 (RM 60,000 annually)
Min. Age
Cardholder: 21 years old
Supplementary Cardholder: 18 years old
Resident Status
Anybody
Documents required to apply
You will need to provide several documents such as (varies between different banks):
- Photocopy of MyKad (both sides) or passport (for foreigners) witha working permit validity of at least 12 months
- Latest 1-month salary slip for fixed income or 3 months salary slips for variable income
- 3 months supporting bank statements
- Latest EPF statement with at least 3 months' contributions
- Latest Borang B/BE/e-filing with proof of tax payment
Fees & Charges
Interest Rate
15% - 18%
Annual Fee
RM 0
Free*
Annual Fee Waiver
Yes
Free for first year and spend a minimum of RM30,000 for the subsequent years to get annual fee waiver
Late Payment Fee
RM 50 or 5% of the outstanding amount, whichever is higher
Interest Rate
15%
Features
Good for Rewards & Travel
5x Travel$ for every RM1 spent on overseas purchases (in foreign currencies) 1x Travel$ for every RM1 spent on local purchases Convert the accumulated Travel$ into cash credit (500 Travel$ = RM1 equivalent)
Complimentary travel insurance worth up to RM1 million 2x free access to Plaza Premium Lounge in KLIA/klia2 for the first year for you, and one accompanying guest
Terms and Conditions
Product review by CompareHero
What is the OCBC 90°N Visa Card?
A travel rewards credit card that gives you Travel$ points on every purchase. You earn 1 Travel$ per RM1 spent locally and 5 Travel$ per RM1 spent overseas or on foreign currency online purchases.
The card targets Malaysians who travel regularly or plan to. Beyond the points, you get up to RM1 million travel insurance when you charge flight tickets to the card, plus complimentary airport lounge access during your first year.
What benefits do I get with this card?
Travel$ Rewards:
- 1 Travel$ per RM1 on local spending
- 5 Travel$ per RM1 on overseas spending and foreign currency online purchases
- Points valid for 5 years
- Supplementary card spending credits to the main cardholder's account
Travel Insurance: Up to RM1 million coverage for death and permanent disability when you charge flight tickets to the card. The coverage activates automatically without registration.
Airport Lounge Access: Two (2) free Plaza Premium Lounge visits at KLIA/klia2 in the first year, shareable with a guest. Second year onwards, keep getting two (2) annual visits by spending RM30,000 or more per year.
Any additional benefits?
You can redeem Travel$ as cash credit for any purchase, not just travel expenses. The redemption rate is 500 Travel$ to RM1 cash credit. You need a minimum of 5,000 Travel$ (RM10 cash credit) to redeem. Redemption happens through OCBC Internet Banking or the mobile app, and cash credits are added to your account within three days.
You must have made at least one travel purchase in the past 12 months before you can redeem to qualify. Travel purchases include airlines, hotels, car rentals, tour operators, and tourist attractions.
Lower interest rates are available if you pay on time consistently. Pay on time for 12 consecutive months, and you'll pay 15% p.a. on retail purchases. Pay on time for 10-11 months within the past year, and you'll pay 17% p.a. Less than 10 months of on-time payments means 18% p.a. Cash advances are always 18% p.a., regardless of payment history.
Who can apply for this credit card?
You need to be at least 21 years old and earn a minimum of RM60,000 per year. Both Malaysian citizens and foreigners can apply, though foreigners need a work permit valid for at least another 12 months. Malaysians working abroad can also apply with proper income documentation.
What are the fees or charges applicable?
The annual fee for the principal card costs RM288 yearly, and the supplementary card is RM88 yearly (first year is waived). You can get a annual fee waiver if you meet a minimum spend of RM30,000 per year. Service tax of RM25 applies on activation and is renewed annually.
Cash advances cost 5% of the amount or RM20 minimum (whichever is higher), plus 18% p.a. interest from day one. Late payments cost 1% of your balance or RM10 (whichever is higher), capped at RM100. Foreign currency conversion adds 1.25% admin fee on top of Visa's rate. Card replacement costs RM50.
Any request for statement copies is free for the current month and the previous 2 months. RM5 per statement for anything older than 3 months.
Minimum monthly payment is at 5% of new balance (excluding instalments) + 100% of all monthly instalments, OR RM50, whichever is higher.