OCBC Great Eastern Platinum Mastercard
Up to 3% Great Eastern insurance rebate + tiered retail spend rebate
Apply for OCBC Great Eastern Platinum Mastercard →Last updated 7 August 2026 · Reviewed by Raymond, Rates.my
OCBC Bank OCBC Great Eastern Platinum Mastercard overview
The OCBC Bank OCBC Great Eastern Platinum Mastercard is a Platinum-tier Mastercard cashback card built around cashback. Up to 3% Great Eastern insurance rebate + tiered retail spend rebate. It best suits upper-middle-income earners, with a minimum income requirement of RM60,000 a year. It carries no annual fee.
Features & benefits
- ✓3% Great Eastern insurance premium rebate via Easi-Pay (capped RM450/yr)
- ✓Tiered retail-spend rebate: 0.75% / 1.50% / 3.00% by monthly spend tier
- ✓1.5% rebate on medical & education spend
Is the OCBC Great Eastern Platinum Mastercard worth it?
The OCBC Great Eastern Platinum Mastercard is best suited to upper-middle-income earners — its minimum income requirement is RM60,000 a year (about RM5,000 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 3% cashback on great eastern insurance premiums (via easi-pay), tiered retail spend, medical & education
- −Cashback capped at RM3000 a month
- −Top cashback applies only to specific categories (great eastern insurance premiums (via easi-pay), tiered retail spend, medical & education)
- −Higher income requirement — RM60k a year
- −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
- Auto debit/recurring, Flexi Payment Plan, Savvy Saver Plan, balance transfers, cash advances, Call-for-Cash, Dial-a-Cash/Cheque, outstanding balances, finance charges, annual fees, late charges and reversed/fraudulent transactions are all excluded from the retail-spend rebate.
- How the cap works
- Retail-spend + medical + education rebates share one combined cap: RM250/month, RM3,000/year. The Great Eastern insurance-premium rebate is capped separately at RM450/year (on a max RM15,000/year premium base), and only counts for premiums paid via Great Eastern's Easi-Pay service.
- Foreign transaction fee
- 1.25% administration cost (per the shared OCBC credit-card PDS covering this card) plus Visa/Mastercard's own conversion rate.
- ⚠Retail-spend rebate resets monthly (non-cumulative) — unused tier headroom doesn't carry over.
Verified 4 August 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 RM60,000 (about RM5,000 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 3% cashback on great eastern insurance premiums (via easi-pay), tiered retail spend, medical & education, capped at RM3000 a month. Up to 3% Great Eastern insurance rebate + tiered retail spend rebate.
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 upper-middle-income earners who want cashback — its main draw is "Up to 3% Great Eastern insurance rebate + tiered retail spend rebate". 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.