Priority Banking

OCBC Premier – Benefits & Preferential Rates (2019)

OCBC priority banking

Compared to the other local banks, OCBC Premier has a more accessible priority banking programme due to lower enrolment requirements.

So, what do you get as an OCBC’s priority banking customer?

 

Summary of OCBC Premier benefits

OCBC Premier
Minimum assets required $200,000
Travel benefits 2.3 miles with every $1 spent in foreign currency, 1.6 miles with every $1 spent on local dining and 1.2 miles with every $1 spent on other local retail spending with OCBC Premier VOYAGE Card
Preferential rates Up to 1.65% interest with Premier Dividend+ Savings Account
Other benefits 1% rebate on overseas spending and duty-free shops in Singapore, selected online merchants, transport, fast food and convenience stores in Singapore with OCBC Premier Banking Debit Card

 

OCBC Premier credit cards

OCBC Premier customers enjoy the use of the OCBC Premier VOYAGE Card, which has the following benefits:

  • 2.3 miles with every $1 spent in foreign currency
  • 1.6 miles with every $1 spent on local dining
  • 1.2 miles with every $1 spent on other local retail spending
  • Access to VIP Plaza Premium airport lounges
  • Free limousine services with minimum spend of $3,000 in a month
  • Golf privilege
  • 19% off at Caltex

The OCBC Premier Banking Debit Card isn’t too shabby for a debit card, with 1% rebate on overseas spending and duty-free shops in Singapore, as well as selected online merchants, transport, fast food and convenience stores in Singapore.

 

Minimum requirement to become an OCBC Premier customer

To become an OCBC priority banking customer, you need to deposit or invest at least $200,000 with OCBC.

 

OCBC Premier travel benefits

Besides the accrual of air miles and use of VIP Plaza Premium Airport lounges using your OCBC Premier Voyage Card, customers also enjoy Lounge Key Access. Basically, for 27 USD per visit per person, you access to more than 800 LoungeKey lounges.

You can also opt to engage a dedicated VIP Meet & Greet agent who escorts you through the airport when you’re about to catch a flight. At selected airports, you get to jump the queue when going through security and immigration.

Other perks include being able to use the JetQuay Quayside single trip service for free and free limousine transfer services at preferential rates.

There are also discounts on flights with certain fares on Emirates, and perks such as free breakfast and free room upgrades at Grand Hyatt in Melbourne, Rio De Janeiro, Singapore and Taipei.

Finally, you get free travel insurance when you pay for your travel tickets with your OCBC Premier World Elite Debit Card.

 

OCBC Premier preferential rates

Premier customers are entitled to open an OCBC Premier Dividend+ Savings Account, which offers interest of up to 1.65% per year. To qualify for this interest, you need to deposit at least $2,000 monthly. If you don’t make deposits but also don’t make withdrawals, you earn interest of 1.15% per year.

That’s a very attractive interest rate, and the main requirement is that you deposit $50,000 into the account with fresh funds.

You also get preferential interest rates on other bank accounts like the OCBC 360 bank accounts, as well as some products like time deposits.

 

Other OCBC Premier benefits

You are entitled to some dining benefits which include discounts at selected establishments like Bedrock Bar and Grill and Fat Cow when you pay with the OCBC Premier World Elite Debit Mastercard.

Golfers also enjoy golf benefits like 50% off green fees.

 

OCBC private client benefits

OCBC Premier divides its customers into two tiers—regular customers with deposits or investments of at least $200,000, and private Clients with deposits and/or investments of at least $1,000,000.

While some of the benefits remain the same as what regular premier clients get, OCBC private clients do get additional perks like unlimited complimentary airport transfers from home to Changi Airport, access to the OCBC Premier Private Client Lounge at OCBC Centre, more attractive referral fees and an OCBC Premier Private Client VOYAGE card with annual fees waived.

 

OCBC Premier outlets

OCBC has 13 Premier Banking Centres in Singapore. See full addresses of all OCBC Premier Banking Centres.

Have you ever been an OCBC Premier customer? Share your experiences in the comments!

 

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