OCBC World Mastercard
1% overseas cashback + RM2m travel insurance
Apply for OCBC World Mastercard →Last updated 7 August 2026 · Reviewed by Raymond, Rates.my
OCBC Bank OCBC World Mastercard overview
The OCBC Bank OCBC World Mastercard is a World-tier Mastercard cashback card built around cashback. 1% overseas cashback + RM2m travel insurance. It best suits high-income earners, with a minimum income requirement of RM100,000 a year. It has an annual fee of RM388 (free 1st year). Standout perks include airport lounge access, complimentary travel insurance.
Features & benefits
- ✓1% cashback overseas / 0.5% local, uncapped
- ✓Up to RM2m travel insurance
- ✓Airport lounge access
Is the OCBC World Mastercard worth it?
The OCBC World Mastercard is best suited to high-income earners — its minimum income requirement is RM100,000 a year (about RM8,333 a month). As a cashback card, it works best for everyday spenders who want straightforward rebates on categories like petrol, groceries and dining.
- +Annual fee waivable (free 1st year)
- +Up to 1% cashback on overseas spend (1%) / local spend (0.5%)
- +Complimentary airport lounge access
- +Complimentary travel insurance
- −RM388 annual fee unless the waiver condition is met
- −Top cashback applies only to specific categories (overseas spend (1%) / local spend (0.5%))
- −Higher income requirement — RM100k 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 World Mastercard, in plain language — so nobody gets caught out. Always confirm against the official terms.
- What's excluded
- Easy Payment Plan, balance transfers, Call-for-Cash, Power Credit Cash Plus, auto balance conversion, cash advances, finance/late charges, annual fee, disputed/fraudulent transactions, government payments, JomPAY/FPX/DuitNow QR, and — notably — any transaction made in the UK or an EU/EEA country (full country list in the T&C) are all excluded from cashback.
- How the cap works
- No cap — the official T&C sets no monthly or annual cashback ceiling on Total Retail Spending.
- Foreign transaction fee
- Visa/Mastercard's own currency-conversion rate plus a standard 1.25% administration cost and any transaction fee Visa/Mastercard charges — per OCBC's general Credit Cards Fees and Charges schedule (the World Mastercard is not among the 4 cards that document exempts from the 1.25%).
- ⚠Cashback resets monthly and is non-cumulative from the prior month.
Verified 5 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 World Mastercardterms & product disclosure →OCBC World Mastercard FAQ
You need a minimum annual income of RM100,000 (about RM8,333 a month). OCBC Bank also considers your overall credit standing.
The annual fee is RM388, but it can be waived: free 1st year.
It earns up to 1% cashback on overseas spend (1%) / local spend (0.5%). 1% overseas cashback + RM2m travel insurance.
No — the OCBC World Mastercard is a conventional credit card. Check with OCBC Bank for any Islamic (card-i) equivalent.
It's a good fit for high-income earners who want cashback — its main draw is "1% overseas cashback + RM2m travel insurance". Weigh the RM388 annual fee against how much you'll earn back. Compare it with the related cards below before applying.
See how the OCBC World Mastercard compares
This card features in our ranked shortlists — compare it against the best in each category:
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.