OCBC Bank (M) Bhd managing director and head of consumer financial services Anne Leh (left) and head of consumer lifestyle finance Lee Kim Seong launching the bank’s travel-themed Visa card - OCBC 90°N Visa Card for travellers.
KUALA LUMPUR: OCBC Bank (M) Bhd (OCBC Bank) has launched the OCBC 90°N Visa Card that rewards travellers in the ways they most appreciate.
OCBC Bank said although travel-themed, the card featured other popular reward types as well, including points for everyday spending which can be viewed and redeemed as cashback on anything via OCBC internet banking or the OCBC Malaysia Mobile Banking.
“With every ringgit spent using the OCBC 90°N Visa Card, cardmembers earn reward points called Travel$. For every ringgit spent domestically they earn 1 Travel$, with the rewards points increasing to 5 Travel$ for the same amount spent overseas,” OCBC said.
Other benefits include complimentary Plaza Premium lounge access at KLIA and klia2 in the first year and RM1mil in travel insurance coverage that includes death and permanent disablement.
OCBC managing director and head of consumer financial services Anne Leh said the return of travel in people’s itineraries along with the popularity of rebates and rewards makes the OCBC 90°N Visa Card a “must have.”
“Statistically, the growing popularity of travel in Malaysia cannot be denied. According to the Global Travel Insight report from Visa, a full recovery is expected for the global travel and tourism industry three years after the pandemic. Asia Pacific monthly outbound travel was forecasted to match its 2019 levels as early as July 2023, the report states, which is about now.
“Overall, overseas credit card expenditure amongst our cardmembers has also exceeded the pre-pandemic levels of 2019, and we continue to see strong growth in this category. The OCBC 90°N Visa Card is well placed to gain acceptance among Malaysian travellers,” she said.
First-time OCBC credit card customers also enjoy a welcome offer of up to RM300 in travel rewards which include bonus Travel$ to accelerate cashback redemption as well as discounts on Grab Rides and travel excursions booking on Klook when they successfully apply for and spend a minimum of RM1,500 with the card. This Campaign runs until Oct 31, 2023.
The annual fee is waived for the first year for first-time OCBC Credit Card customers.
