OCBC Great Eastern Platinum Mastercard
2.5% cashback on Great Eastern insurance premiums (capped RM100/yr) + 0.1% uncapped on other retail
Apply for OCBC Great Eastern Platinum Mastercard →Last updated 21 September 2026 · Reviewed by Raymond, Rates.my
OCBC Great Eastern Platinum Mastercard overview
The OCBC Bank OCBC Great Eastern Platinum Mastercard is a Platinum-tier Mastercard cashback card built around cashback. 2.5% cashback on Great Eastern insurance premiums (capped RM100/yr) + 0.1% uncapped on other retail. It best suits middle-income earners, with a minimum income requirement of RM48,000 a year. It carries no annual fee.
Features & benefits
- ✓2.5% cashback on Great Eastern insurance premium payments (capped RM100/calendar year per card)
- ✓0.1% uncapped cashback on all other eligible retail spend
- ✓No annual fee
- ✓Requires an existing Great Eastern Life policy to apply
Is the OCBC Great Eastern Platinum Mastercard worth it?
The OCBC Great Eastern Platinum Mastercard is best suited to middle-income earners — its minimum income requirement is RM48,000 a year (about RM4,000 a month). As a cashback card, it works best for everyday spenders who want straightforward rebates on categories like petrol, groceries and dining.
- +Free for life — no annual fee
- +Up to 2.5% cashback on great eastern insurance premium payments only (2.5%, capped rm100/calendar year per card); 0.1% uncapped on all other retail spend
- −Cashback capped at RM100 a month
- −Top cashback applies only to specific categories (great eastern insurance premium payments only (2.5%, capped rm100/calendar year per card); 0.1% uncapped on all other retail spend)
- −Like any credit card, finance charges apply if you don't pay the balance in full each month
Cashback at a glance
The top rate rewards one main category — great only if that fits your spending. The maximum is the published monthly cap; actual cashback depends on the exact eligible categories, exclusions and minimum-spend terms — confirm the fine print below before you apply.
Eligibility & how to apply
Requirements are general guidance — OCBC Bank sets the final approval criteria. Confirm current terms before you apply.
The fine print, decoded
The catches most people miss on the OCBC Great Eastern Platinum Mastercard, in plain language — so nobody gets caught out. Always confirm against the official terms.
- What's excluded
- Easy Payment Plan (EPP), Balance Transfer, Call for Cash, Power Credit Cash Plus, outstanding balance, Auto Balance Conversion, cash advance, finance charge, annual fee, late payment charge, reversed/disputed/fraudulent transactions, card replacement fee, service tax, other fees & charges, donations to charitable/social-service organisations, government-related payments, JomPAY/FPX/DuitNow QR, and any transaction made in the UK or an EU/EEA country (full country list on the official page) are all excluded from the 0.1% Other Retail Spending rebate.
- How the cap works
- 2.5% Great Eastern insurance-premium rebate capped at RM100 per calendar year, per Principal and Supplementary card (i.e. RM4,000/yr premium already maxes it out). 0.1% rebate on Other Retail Spending is uncapped.
- Foreign transaction fee
- 1.25% administration cost (per the shared OCBC credit-card PDS covering this card) plus Visa/Mastercard's own conversion rate.
- Fee waiver
- No annual fee at all — nothing to waive.
- ⚠Applicants must already hold a Great Eastern Life insurance policy to be eligible for this card.
- ⚠The 2.5% rebate only applies to Great Eastern insurance premium payments; everything else (including EPP/BT/cash advances and UK/EU transactions) earns 0.1% at best or nothing.
Verified 16 September 2026. Summarised in our own words from OCBC Bank's published terms — indicative only, and terms change. Read the official document before you apply.
📄 Official OCBC Great Eastern Platinum Mastercardterms & product disclosure →OCBC Great Eastern Platinum Mastercard FAQ
You need a minimum annual income of RM48,000 (about RM4,000 a month). OCBC Bank also considers your overall credit standing.
No — the OCBC Great Eastern Platinum Mastercard is free for life with no annual fee.
It earns up to 2.5% cashback on great eastern insurance premium payments only (2.5%, capped rm100/calendar year per card); 0.1% uncapped on all other retail spend, capped at RM100 a month. 2.5% cashback on Great Eastern insurance premiums (capped RM100/yr) + 0.1% uncapped on other retail.
No — the OCBC Great Eastern Platinum Mastercard is a conventional credit card. Check with OCBC Bank for any Islamic (card-i) equivalent.
It's a good fit for middle-income earners who want cashback — its main draw is "2.5% cashback on Great Eastern insurance premiums (capped RM100/yr) + 0.1% uncapped on other retail". With no annual fee, there's little downside to holding it. Compare it with the related cards below before applying.
See how the OCBC Great Eastern Platinum Mastercard compares
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Rates, fees and promotions are indicative and time-limited — always confirm current terms with OCBC Bank before applying. Not financial advice. Rates.my is an independent comparison site, not affiliated with or endorsed by OCBC Bank; card names and logos belong to their respective owners. Spotted an error or need a correction or takedown? Contact Raymond at raymond@rates.my.