OCBC Great Eastern Platinum MasterCard
Earns 2.5% cashback on Great Eastern premiums and 0.1% unlimited on other spend.
Eligibility
Minimum Monthly Income
RM 4,000 (RM 48,000 annually)
Min. Age
Cardholder: 21 years old
Supplementary Cardholder: 21 years old
Resident Status
Great Eastern Policyholders only
Documents required to apply
You will need to provide several documents such as (varies between different banks):
- A copy of your IC (both sides)
- Latest 1-3 months salary slip
- Latest 3 months bank statement
- Latest EPF statement (3 months)
- Latest B/BE Form/E-Filing with official tax receipt
Fees & Charges
Interest Rate
15% - 18%
Annual Fee
RM 0
Free*
Annual Fee Waiver
Yes
Waived for life
Late Payment Fee
RM 50 or 5% of the outstanding amount, whichever is higher
Interest Rate
15%
Features
2.5% cashback on Great Eastern insurance premiums, capped at RM100 per year and 0.1% unlimited cashback on other retail spending.
Convert big purchases into manageable instalments, with a one-time handling fee as low as 2% for tenures of up to 20 months.
Transfer credit card balances from other banks to an OCBC card with interest rates as low as 2.88%, with no one-time processing fee.
Merchant offers from OCBC and Great Eastern's Live Great Privileges.
Benefits
Benefits of the OCBC Great Eastern Platinum Mastercard
- Earn 2.5% cashback on eligible Great Eastern insurance premium payments, capped at RM100 per calendar year.
- Earn 0.1% unlimited cashback on all other eligible retail spending.
- No annual fee for both principal and supplementary cards.
- Cashback is automatically credited to your credit card account at the end of each billing cycle.
- Enjoy exclusive offers through Live Great Privileges, including selected dining, shopping, travel, health, and wellness promotions.
Terms and Conditions
Product review by CompareHero
What Is the OCBC Great Eastern Platinum Mastercard?
The OCBC Great Eastern Platinum Mastercard is a cashback credit card designed for Great Eastern Life policyholders. It rewards eligible Great Eastern insurance premium payments with2.5% cashback, while all other eligible retail spending earns 0.1% unlimited cashback. Cardholders also enjoy no annual fee and access to Live Great Privileges, a lifestyle programme offering exclusive merchant deals and wellness benefits.
If you already pay your Great Eastern insurance premiums every year, this card lets you earn cashback on an existing expense while continuing to receive cashback on your everyday purchases.
How the Cashback Works
The OCBC Great Eastern Platinum Mastercard rewards both your insurance commitments and everyday spending, although the earning rates differ depending on the type of transaction.
Eligible Great Eastern insurance premium payments earn 2.5% cashback, up toRM100 per calendar year. For example, if you pay RM4,000 in eligible premiums over the year, you'll receive RM100 cashback, which is the maximum annual cashback available for insurance premiums.
All other eligible retail spending earns 0.1% unlimited cashback with no earning cap. Cashback is automatically credited to your credit card account on the last day of each billing cycle, so there's no need to redeem points or cashback manually.
Eligible Cashback Transactions
The OCBC Great Eastern Platinum Mastercard earns cashback on most eligible retail purchases. Besides 2.5% cashback on eligible Great Eastern insurance premium payments, you'll also earn0.1% unlimited cashback on other eligible spending, including in-store purchases, online shopping, dining, groceries, petrol, recurring payments, auto-debit transactions, and Instalment Payment Plans (IPP).
Cashback isn't awarded for non-retail transactions or certain payment methods. These include:
- Balance transfers
- Cash advances
- Easy Payment Plan (EPP) transactions
- Finance charges and fees
- Government-related payments
- JomPAY
- FPX
- DuitNow QR transactions
- Transactions made in the United Kingdom and countries within the European Economic Area (EEA)
Live Great Privileges
The OCBC Great Eastern Platinum Mastercard includes access to Live Great Privileges, a lifestyle programme by Great Eastern that offers exclusive promotions from selected merchants.
Depending on the current campaign, cardholders may enjoy offers on dining, shopping, travel, health screenings, fitness, and other wellness-related services. As these promotions change from time to time, it's worth checking the latest offers through Great Eastern's Live Great programme.
Fees and Charges
The OCBC Great Eastern Platinum Mastercard has no annual fee for both principal and supplementary cards, allowing you to enjoy its cashback benefits without meeting any minimum spending requirement.
- Government service tax: RM25 per card upon activation and every anniversary thereafter.
- Cash advance: Interest is charged at 18% p.a.from the transaction date, together with a cash advance fee of 5% of the amount withdrawn or RM20, whichever is higher.
- Minimum monthly payment: The higher of RM50 or 5% of your new balance plus 100% of any contracted instalment amounts, including instalment plans and balance transfers.
- Late payment fee: 1% of your outstanding retail and cash advance balance, or RM10, whichever is higher, capped at RM100.
- Overseas transaction fee: 1.00% on top of the Visa or Mastercard currency conversion rate.
Eligibility Requirements
To apply for the OCBC Great Eastern Platinum Mastercard, you must:
- Be at least 21 years old.
- Earn a minimum annual income of RM48,000.
- Be a Great Eastern Life policyholder.
Required Documents
The documents you'll need depend on your employment status. If OCBC is unable to verify the documents you've submitted, it may request additional supporting documents before processing your application.
Salaried employees at multinational companies, publicly listed companies, government-linked companies, or government agencies
- MyKad (front and back), or passport with a valid work permit for foreigners
- Latest one month's salary slip (fixed income) or latest three months' salary slips (variable income)
Alternatively:
- Latest EPF statement with at least three months' contributions
- Latest Borang B/BE or e-Filing with proof of tax payment
Salaried employees at other companies
- MyKad (front and back), or passport with a valid work permit for foreigners
- Latest three months' salary slips
- Latest three months' supporting bank statements
Alternatively:
- Latest EPF statement with at least three months' contributions
- Latest Borang B/BE or e-Filing with proof of tax payment
Self-employed applicants (more than two years in the current business)
- MyKad (front and back), or passport with a valid work permit for foreigners
- Form 24/29/49
- Business Registration certificate or printout from SSM, CTOS, or CBM
- Latest Borang B/BE or e-Filing with proof of tax payment
Depending on your income:
- Six months' salary slips and supporting bank statements (except sole proprietors)
- Six months' principal business bank statements (shareholding above 50%)
- Latest EPF statement with at least three months' contributions (except sole proprietors)
Commission earners
- MyKad (front and back), or passport with a valid work permit for foreigners
- Six months' commission statements and supporting bank statements
Great Eastern agents should instead submit an HR confirmation letter together with their latest Borang B/BE or e-Filing with proof of tax payment.
Foreigners and Malaysians working overseas
- Salaried applicants: latest three months' salary slips and supporting bank statements, or CPF statement (Singaporeans and Malaysian PRs in Singapore), plus a valid work permit or Permanent Resident ID
- Self-employed applicants: latest tax assessment from the country of employment, plus a valid work permit or Permanent Resident ID
How to Apply
You can apply for the OCBC Great Eastern Platinum Mastercard if you meet the eligibility requirements and have the necessary supporting documents ready.
If you're applying through CompareHero, compare the latest promotions before submitting your application. Eligible applicants may also enjoy exclusive sign-up offers when available, subject to the campaign's terms and conditions.