Dec 5, 2013 (Thu): OCBC Bank (Malaysia) Berhad is aiming to make its credit card to become the favourite number two card in every Malaysian’s wallet by offering an unprecedented 0.5 percent to 1.2 percent rebate on any retail purchase without limit the rebate amount.
“MasterCard’s processed data for consumer credit cards over the last twelve months reveals that about 75% of all purchases are in categories that usually do not attract special rebates. So, while a person might get an attractive 5% or even 20% rebate on certain purchases, there will always be another three or four purchases where banks do not offer a special rebate. And because these purchases, although collectively of higher value, are less frequently made, they do not command top-of-mind awareness for the consumer. Now, they have a clear opportunity to gain more savings by using OCBC Cards for such purchases,” OCBC Bank’s Head of Cards & Unsecured Lending Mr Chow Theng Kai said.