The OCBC stands for Overseas Chinese Banking Corporation limited corporate bank. It is one of the widest and largest established Singapore Banks. At present, the headquarters of the OCBC Corporate bank is in Singapore. The parent banking facilities and services are provided by the Company Background limited corporation and the LEE Corporation. It is considered to be the safest, most secure, and protected Chinese bank. It also provides a wide range of banking services and facilities to the user, customers, and employees. Let’s read about OCBC rewards
The variety of banking services provided by the OCBC banks includes money transactions, deposits, and withdrawal, granting loans, interest on loans, guidance to the account holders, overdraft facility, credit, and debit cards system, locker rooms, and many more. The corporative banks also provide rewards and credit point systems. The customers can access the OCBC rewards by using the credit or debit card allotted by the bank.
How do OCBC rewards work?
The OCBC rewards and credit points system works in the same manner as other banks or corporations’ credit points or loyalty programs. The rewards are meant to save some monetary value in the form of reward points in the user’s bank account. These points are used by the people to get a discount from all the offline and online stores where the company’s rewards can be used in place of the monetary income. Moreover, the frequent use of the corporation’s credit point cards and continuous purchase or use of services also help in increasing the earlier earned reward points. The OCBC rewards are stored in the account in the form of credit points, although it holds a certain monetary value. It is used to get a discount on purchases of products or services.
Eligibility of OCBC rewards
The OCBC bank corporation has specified eligibility criteria based on the age, profession, or services of the person, and other bank account details. The rewards and credit points system of the OCBC bank is open to all the domestic as well as the international customers and users. Moreover, the employees and other workers working in any branch of the OCBC Bank or other service provider of the corporate bank are also liable to take the benefits of the rewards and credit points cards. The eligibility of the OCBC rewards is as follows-
- The age of the applicant who is willing to take the benefits of the OCBC rewards must be eighteen or more than eighteen years. They must also provide required certificates to prove the age of the credit points owner.
- The customer, user, or employees who want to keep track of the reward and credit points are required to create an account with OCBC bank. The people who are not bank account holders can not use OCBC rewards or credit points.
- The customers or reward users must frequently use the OCBC rewards cards. The OCBC Reward points expire if the customers have not used the credit points cards in the last six to eight months.
How to get an OCBC credit points card?
STEP 1- All the customers or employees who want to get the benefits of the OCBC rewards must first create an account by using the bank’s online, official website.
STEP 2- The account holders can select the option of creating credit points and rewards account by filling in all the details earlier filled by the user while creating the OCBC Bank account.
STEP 3- After completing the procedure of creating the account, the user will receive the rewards cards where they can store and track the rewards earned by them. They can also use these rewards and credit points to get a discount on their purchase orders.
STEP 4- The rewards cards user can be any person who has an OCBC bank account. These can be used in place of casual credit cards on any online or offline shopping platform.
Uses
There are many uses of the Overseas Chinese Banking Corporation (OCBC) rewards and credit points
- The customers or OCBC bank holders can gift the rewards to other users who are also the account holders. These rewards points can be used as gift hampers or discount coupons for the user’s friends or family members.
- The purpose of the corporation to offer the rewards loyalty program is to attract the user’s attention to the company’s policy. The customers get many benefits from these rewards which mostly include a discount on offers on the products or services provided by the company.
- The rewards are used to get free banking advice from top international banks like Overseas Chinese Banking Corporation (OCBC).
- The customer sand rewards users can get a free monetary bank transaction, deposits, and low-interest loans if they use the Rewards and credit points card in the OCBC banking facilitator.
- Customers can use the rewards point credit card in many retail stores and shops in Singapore.
Benefits
- The monetary value of one OCBC Reward roughly equals 5$. Therefore, one reward point can be used by the customers for the direct purchase of products amounting to 5 dollars or less.
- The customer or rewards cardholders who have more than 500 OCBC reward points can use the reward points for free banking and trading advice.
- The cardholders who frequently use the rewards points can also redeem these credit points every six months. The OCBC rewards for frequent card users do not expire in five to six years.
Conclusion
The OCBC stands for Overseas Chinese Banking Corporation. The firm is known for its banking facilities and advice. The customers are liable to perform functions like monetary transactions, loans, deposits, credit cards, debit cards, etc. the banking corporation also provides credit cards and rewards loyalty programs. It is available for both the customers and employees. The people are required to create an account on the OCBC official website through online mode. After creating the account, the customers receive reward credit point cards which can be used in any online or offline shopping retail store, banking facilitator, or customer services provider. There are also many benefits of the OCBC rewards. It can also be used in any retail store in Singapore.
