ocbc credit card travel insurance

OCBC Travel Insurance Review 2022: Promotion, Complimentary Insurance, Covid-19

OCBC travel insurance is a top choice for Singaporeans who are risk-averse and prefer to insure themselves with longstanding brands – it is provided by Great Eastern, the insurance arm of OCBC. 

However, is it really worth staying within your comfort zone? As familiar as you might be with a product, it is just as important to know how it compares against the offerings from other travel insurance providers. Let’s take a deep dive into the nitty gritty that you probably have glazed over in the past.

• OCBC Travel Insurance: Summary
• OCBC Travel Insurance: Coverage
• OCBC Travel Insurance Promotion
• OCBC Travel Insurance Covid-19 Coverage
• OCBC 365 Card Travel Insurance
• OCBC Travel Insurance: Extreme Sports
• OCBC Travel Insurance Claims Review
• Should I buy OCBC Travel Insurance?

1. OCBC Travel Insurance: Summary

OCBC travel insurance is sold under the OCBC Explorer brand, but as mentioned, it’s provided by Great Eastern Insurance Singapore. Like most other insurance providers, OCBC Explorer’s travel insurance coverage is offered in 3 tiers: 

• the Starter plan (basic coverage)
• the Essential plan (enhanced coverage)
• the Ultimate plan (most comprehensive coverage)

A key difference between the 3 plans besides the price and coverage is the extension of Covid-19 coverage. Covid-19 coverage is only extended to the Essentia l and Ultimate plans. If you opt for the Starter plan, Covid-19 coverage is excluded.    

Let’s delve deeper into the different plans, their coverage, and see how they stack up.

2. OCBC Travel Insurance: Coverage

OCBC Explorer has divided its insurance premiums into 2 regions:

• Area 1 : Australia, Brunei, Cambodia, China, Hong Kong, India, Indonesia, Japan, Korea, Laos, Macau, Malaysia, Myanmar, New Zealand, Philippines, Taiwan, Thailand, Vietnam. 
• Area 2 : Worldwide, including countries in Area 1.

As you might already know, the area of travel affects the cost of the travel insurance policies. Let’s dive deeper into the coverage, claim limits, and key benefits: 

So, how do OCBC Explorer’s plans fair? As mentioned earlier, one major drawback of the OCBC Explorer’s Starter plan is the lack of Covid-19 coverage. It’s not available even as an add-on. Given that Miss Rona is still raging rampant, we strongly advise against travelling without Covid-19 coverage. 

Assuming that you’ll be purchasing an Essential plan at the very least, you can expect to pay between $70-$138 per week depending on your travel destination. OCBC’s Explorer’s Ultimate plan, with the most comprehensive coverage (including Covid-19 coverage), is definitely one of the cheapest plans you will find in Singapore.

For comparison, let’s have a look at some of the other affordable travel insurance premiums in Singapore: 

Comparison of OCBC travel insurance prices vs other travel insurance providers:

• OCBC Explorer Travel Insurance: $70 to $138 per week  
• Tiq by Etiqa Travel Insurance : $39 to $106 per week + $18 to $63 per week add-on for Covid-19 coverage = $57 to $169 per week
• FWD Travel Insurance : $25 to $73 per week +  $20.60 to $34.04 per week add-on for Covid-19 coverage = $45.60 to $107.04 per week 
• AIG travel insurance : $48 to $132 per week 
• Sompo Travel Insurance : $52 to $132 per week

Coverage wise, OCBC Explorer’s Essential and Ultimate plans deliver good coverage for key things such as medical expenses, emergency medical evacuation, and personal accident death . With an overseas medical expenses coverage limit of $700,000 for its Ultimate plan, OCBC Explorer is higher than of Sompo’s $400,000 and AIG’s $200,000. 

Total Premium

[MoneySmart Exclusive]    • Enjoy 40% off your Single Trip policy premium and 60% off Covid-19 add-on for Annual Plans. T&Cs apply • Additionally, receive 2,400 My Millennium Points (worth S$16) with every policy purchased. T&Cs apply.    [Etiqa's 10th Year 2024 Grand Draw] Stand a chance to win S$10,000 cash or a Singapore Mint Lunar Dragon 1 gram 999.9 fine gold medallion (worth S$173) with eligible Etiqa/Tiq by Etiqa plans purchased. T&Cs apply.

Key Features

Comprehensive Covid-19 add-on, protecting you before, during and after your trip

Covers Cruise to Nowhere

Instant claims encashment via PayNow

24-hour worldwide emergency travel support

Get paid upon a 3-hour flight delay, even without submitting a claim

Sompo Travel Insurance Essential

Common travel insurance benefits such as personal accident, medical expenses overseas, travel delay, loss of personal belongings.

Protection against hefty overseas medical expenses, trip cancellation costs and other essential coverage if you are diagnosed with COVID-19

3. OCBC Travel Insurance Promotion

OCBC also runs near-constant promotions to keep its premiums competitive. Usually you can get around 50% off single trip plans.The current OCBC travel insurance promotion gives you 35% off Essential and Ultimate single trip plans. 

The discounted prices (under promotion) are as follows:

On top of that, OCBC is also offering a $20 HealthPass Wellness Store voucher to offset fitness packages, health screenings, and more on the HealthPass by OCBC app when you purchase  OCBC Explorer travel insurance. The promo is valid till 31 July 2022. 

Rather generous with its promotions, OCBC also has a pre-departure swab test promo at selected clinics for $110. However with pre-departure swab test requirements lifted in most countries, this might not longer be of much relevance.  

You can keep track of the latest OCBC travel insurance promotions here.

4. OCBC Travel Insurance Covid-19 Coverage 

OCBC Explorer’s Essential and Ultimate plans automatically include Covid-19 coverage. Let’s see how it stacks up: 

OCBC Explorer’s Covid-19 coverage is comprehensive but only if you opt for the Ultimate plan. The Essential plan’s coverage limit for overseas medical expenses and emergency medical evacuation is only a measly $50,000 respectively. 

With OCBC Explorer’s travel insurance plans, you get what you pay for. Fork out a little bit more and you will get adequate coverage. With that being said, bear in mind that OCBC Explorer’s Ultimate travel insurance plan is still on the affordable end. 

The other great thing about OCBC Explorer’s Covid-19 cover is their automatic extension policy. This means that if you were hospitalised or quarantined due to Covid-19 while you’re overseas, your period of insurance will be extended for up to 30 days at no extra cost. This applies to both the Essential and Ultimate plans. 

5. OCBC 365 Card Travel Insurance 

In the past, like several other banks, OCBC provided free travel insurance as a perk of selected credit cards like the OCBC 365 credit card . However, It’s not the case anymore but quite honestly, you’re not missing out on much. With an overseas medical expenses claim capped at $500, the coverage was shockingly low anyway. It’s the insurance equivalent of some D-list Instagram influencer’s wardrobe. 

OCBC 365 Credit Card

5% cashback on everyday dining (including local, overseas and online food delivery)

6% cashback on fuel spend at all petrol service stations locally and overseas

3% cashback on groceries, land transport, online travel, recurring telco and electricity bills

0.25% cashback on everything else

Min. spend of S$800 per month, with cashback capped at S$80 per month

Unlock up to S$160 cashback per month with a min. spend of S$1600 per month

2 years fee waiver for principal card (S$194.40), subsequent years waived with min. spend of S$10,000 p.a.

At MoneySmart, we strive to keep our information accurate and up to date. This information may be different from what you see when you visit a financial institution, service provider, or specific product site. MoneySmart shall not be liable to compensate the Customer should the information is not as updated as our Partner.

Most kiasu Singaporeans would probably rather pay a little to get much better coverage. You’re better off with OCBC’s regular travel insurance plans, anyway.

6. OCBC Travel Insurance: Extreme Sports Outdoor Adventure

  OCBC travel insurance has decent coverage… if you plan to stay stationary the entire trip. They are very strict with the excluded activities for Starter and Essential plans.

To get any kind of coverage for activities like scuba diving, skiing, trekking, etc. you have to opt for the most expensive Ultimate plan. 

As you can tell from the table above, if you’re planning on vacation jam-packed with adventure sports and outdoor activities, you’ll only be covered under OCBC Explorer’s Ultimate travel insurance plan. 

Otherwise, competitors like FWD travel insurance already cover most of these activities in their cheapest plans, so if you don’t want to spend more than you have to on your travel insurance, definitely shop around more. 

If you’re taking part in contact or extreme sports, Direct Asia travel insurance ‘s sports rider is an add-on worth looking into. 

7. OCBC Travel Insurance Claims Review

For those who bought travel insurance through OCBC, most of the after-sales support is through Great Eastern. Expectedly so due to the fact that Great Eastern is the insurance provider. 

The worst thing about buying OCBC travel insurance in the past was that the claims process had to go through snail mail to make a claim! Thankfully, those days are past us. 

Great Eastern hotline: +65 6248 2211

Great Eastern travel insurance claims: Download and print the  Great Eastern travel insurance claim form and mail it with supporting documents to Great Eastern General Insurance Limited, 1 Pickering Street, #01-01 Great Eastern Centre, Singapore 048659 (Attention: Claims Department)

OCBC also has a 24-hour emergency assistance hotline: +65 6339 2155. This is available for travel and medical-related assistance that you may require.

8. Should I Buy OCBC Travel Insurance?

The OCBC Explorer travel insurance, we’d say it’s definitely worth it if you opt for the Ultimate plan. Given that the Starter plan does not even offer Covid-19 coverage, it’s definitely out of the question. While the Essential plan offers some Covid-19 coverage, it’s far from decent. Coupled with the fact that both the Starter and Essential plan offer basically no coverage for outdoor activities and extreme sports, if you’re going with OCBC’s travel insurance plans, you either go big or go home. 

It might make sense to get the lower tier plans if you’re visiting an expensive Asian country and are just planning to shop, eat and chill with your mask on at all times to keep Miss Rona at bay. 

Looking to buy OCBC travel insurance? Compare all Singapore travel insurance policies by price and coverage first .

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OCBC travel insurance at a glance: Is it worth it?

OCBC travel insurance is a top choice for Singaporeans who are risk-averse and prefer to insure themselves with longstanding brands – it is provided by Great Eastern , the insurance arm of OCBC.

OCBC also sells travel insurance called OCBC Explorer, and likewise we’ll be looking at the coverage and price to see if it’s a good buy. 

In the past, like several other banks, OCBC provided free travel insurance as a perk of selected credit cards like the OCBC 365 credit card . It’s not be the case anymore but quite honestly, you’re not missing out on much. With an overseas medical expenses claim capped at $500, the coverage was shockingly low anyway. It’s the insurance equivalent of some D-list Instagram influencer’s wardrobe.

Most kiasu Singaporeans would probably rather pay a little to get much better coverage. You’re better off with OCBC’s regular travel insurance plans. We’ll take a look at these in the next section.

OCBC travel insurance at a glance

OCBC travel insurance is sold under the OCBC Explorer brand, but as mentioned, it’s provided by Great Eastern Insurance Singapore .

There are 3 tiers to choose from: Starter, Essential and Ultimate. Here’s a look at how they stack up:

*Price based on seven-day trip to South Korea 

OCBC travel insurance promotion

At such high prices, it’s no wonder that OCBC runs near-constant promotions to keep its premiums competitive. Usually you can get around 50 per cent off single trip plans.

The current OCBC travel insurance promotion  gives you 35 per cent off Essential and Ultimate single trip plans. 

You can keep track of the latest OCBC travel insurance promotions here.

After discount, a week’s coverage in South Korea, one of the Singapore’s VTL-approved countries, would cost about $64 – pretty average on the price range.  

However, if you’re just planning a trip to Malaysia or something, you might want to shop elsewhere for cheaper options. That’s because most other insurers consider Asean a separate region from Asia and charge less for travel insurance to those countries. OCBC, however, has no cheaper tier for Asean.

ALSO READ:  OCBC 360 account review: How good is it for earning interest?

What does OCBC travel insurance cover?

OCBC travel insurance has decent coverage… if you plan to stay stationary the entire trip. They are very strict with the excluded activities for Starter and Essential plans.

To get any kind of coverage for activities like scuba diving, skiing, trekking, etc. you have to pay more than double for the most expensive Ultimate plan. No thanks! It’s not worth it as most modern insurers cover adventure activities with their basic plans – no upgrade needed.

If you’re not planning to take part in anything remotely risky, you’ll be fine with the Starter plan. Its coverage is comparable to that of standard travel insurance plans. However, given that the Essential plan is cheaper than the Starter plan after the 35 per cent discount that currently applies, it only makes sense that you opt for the Essential tier.

The Essential tier also offers more where Covid-19 benefits are concerned. While the OCBC travel insurance plans do offer some coverage, they are far from the best in the market. We’ve put together a list of comprehensive travel insurance plans that include Covid-19 benefits here .

OCBC travel insurance claim procedure

For those who bought travel insurance through OCBC, most of the after-sales support is through Great Eastern.

Great Eastern hotline: +65 6248 2211

Great Eastern travel insurance claims: Download and print the Great Eastern travel insurance claim form and mail it with supporting documents to Great Eastern General Insurance Limited, 1 Pickering Street, #01-01 Great Eastern Centre, Singapore 048659 (Attention: Claims Department)

Conclusion: should you get OCBC travel insurance?

The OCBC’s regular paid travel insurance, I’d say it’s worth your money only if you’re visiting an expensive Asian country and are just planning to shop, eat and chill. This is definitely one to avoid if you’re into outdoor activities. It’s silly that you need to pay such a high price for coverage. In terms of taking Covid-19 benefits into account, OCBC’s plans are mediocre at best. 

To me, the worst thing about buying OCBC travel insurance is that the claims process is so last century. I just cannot believe that you have to go through snail mail to make a claim!

I guess that comes with the territory when you’re dealing with such an established player. If you’re going on holiday with the older generation, your parents may insist you stick to this known brand rather than buy travel insurance “ABC Insurance Pte Ltd”.

Looking to buy OCBC travel insurance? Compare all Singapore travel insurance policies by price and coverage first.

This article was first published in MoneySmart .

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5% on fuel spend at all petrol service stations locally and overseas

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OTHER EXPENSES

• 0.3%  on all other spending

Spend a minimum of S$800 based on posted transactions in a calendar month.

Posting date refers to the date when OCBC Bank receives the transaction details from the merchant/retailer that you make a transaction at. This may differ from your transaction date. Please refer to FAQs for more details.

If you spend less than S$800 , a flat 0.3% cashback is awarded. Cashback amount is capped at S$80 per calendar month.

• Dining cashback is applicable to spend at dining merchants locally and overseas with their main business activity classified as "Dining" which includes restaurants, cafes, caterers and fast food outlets.
• Online food delivery is applicable to online spend made at food delivery merchants with their main business activity classified as "Dining". For example, Deliveroo and Foodpanda.
• Where the local and overseas dining merchant is located within a hotel, bar or a country club, the main business activity of such merchant may not be classified as "Dining".
• For the avoidance of doubt, the dining spend incurred at any merchant not classified as "Dining", such as spend on dining at bar and/or pubs as well as wedding banquets held at hotels and country clubs will not qualify for the dining cashback.

Online Travel

• Online travel cashback is applicable to online spend made at travel merchants with their main business activity classified as "Travel". For example online airlines and hotel bookings, and online attractions booking engine (e.g. Agoda and Airbnb).

Petrol Rebates

Petrol cashback is applicable to spend made at all petrol kiosks locally and overseas with their main business activity is classified as "Petrol".

• For the avoidance of doubt, the petrol spend incurred through fleet cards will not qualify for the petrol cashback e.g. Abecha-Esso Fleet.

Enjoy up to 20.4% fuel savings all year round at Esso service stations.

*Fuel savings of 20.4% at Esso service stations comprises of   (i) 14% upfront discount which includes station onsite discount, petrol station loyalty programme discount and OCBC 365 Credit Card discount and   (ii) 4.3% cashback on gross fuel spend (or equivalent to 5% cashback on nett fuel spend) at Esso as long as a minimum of S$800 spend is charged to OCBC 365 Credit Card in a calendar month; and   (iii) S$5 rebate (or 2.1% rebate on gross fuel spend) with minimum S$200 nett fuel spend charged at Esso to OCBC 365 Credit Card within a calendar month. Valid till 31 January 2020.   Discount rates stated may be subject to change from time to time without prior notice. Please check onsite for prevailing rates.   All discounts will be applied on prevailing pump prices of fuel purchased.   Figures are rounded to 1 decimal place and based on gross fuel spend of S$233 for easier illustration.

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(i) 18% upfront discount for all fuel grades in Singapore (ii) 4.1% cashback on gross fuel spend (or equivalent to 5% cashback on nett fuel spend) at Caltex as long as a minimum of S$800 spend is charged to OCBC 365 Credit Card in a calendar month; and (iii) S$10 rebate (or 2.5% rebate on gross fuel spend) with minimum S$300 nett fuel spend charged at Caltex to OCBC 365 Credit Card within a calendar month   Figures are rounded to 1 decimal place and based on gross fuel spend of S$400 for easier illustration.

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Terms and conditions apply

Land Transport

• Land transport cashback is applicable to spend made at road and rail transport locally and overseas such as ComfortDelGro, Ofo and Ryde.
• Grocery cashback is applicable to spend at grocery merchants locally and overseas with their main business activity classified as "Grocery" only.
• Online grocery is applicable to online spend made at grocery merchants with their main business activity classified as "Grocery". For example, FairPrice On and Honestbee.

Simply download and print out this form, then submit to your chosen telecommunication provider:

Electricity

Recurring Utilities cashback is only applicable when payment has been setup as recurring to the following power service provider such as Senoko Energy, Sembcorp Power and Keppel Electric.

Other Rebates

• Cardmembers will earn 0.3% cashback on EZ-Link and TransitLink transaction(s) not exceeding S$200 posted in a calendar month.

Complimentary Travel Insurance of Up To S$500,000

Simply charge your round-trip air/sea/land travel tickets to your OCBC 365 Credit Card, and you will get up to S$500,000 complimentary Travel Personal Accident Insurance and up to S$400 coverage for Baggage Loss (more than 48 hours).

Terms and Conditions

Complimentary Travel Insurance

OCBC 365 Principal and Supplementary cardholders can enjoy travel insurance when air tickets are charge to their OCBC 365 Credit Card.

• Up to S$200,000 complimentary Travel Personal Accident Insurance
• Up to S$500 Overseas Medical Expense Reimbursement
• Up to S$200 coverage for Flight Delay and or Flight Mis-connection (more than 4 hours)
• Up to S$200 coverage for Baggage Delay (more than 6 hours)
• Up to S$400 coverage for Baggage Loss (more than 48 hours)

The above insurance coverage is only applicable for cardholders not exceeding 65 years of age as of last birthday and is only valid for maximum trip duration of 30 consecutive days.

The Travel Personal Accident Insurance and Flight and Baggage Insurance is underwritten by Great Eastern General Insurance Limited, a wholly-owned subsidiary of Great Eastern Holdings Ltd and member of the OCBC Group and is not a bank deposit or obligation of, or guaranteed by OCBC Bank. For more details and applicable terms and conditions, please refer to policy document

For Enquiries or Claims: For enquiries or claims, please contact GEG Customer Service at 1800-248 2888 (Select Option "2" for General Insurance) or email [email protected] Operating Hours: 9am to 5.30pm (Weekdays, excluding Public Holidays)

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You must be aged 21 and above., singaporeans & singapore prs:, minimum annual income of s$30,000., foreigners:, minimum annual income of s$45,000., fees & charges.

Annual Fees

Principal Card S$192.60 a year (Free for first 2 years). To earn an annual fee waiver for your OCBC 365 Credit Card, you must spend a minimum of at least S$10,000 in one year, starting from the month after your OCBC 365 Credit Card was issued. 

Supplementary Card S$96.30 a year (Free for first 2 years)

Interest Fees

26.88% p.a.

For more information on Fees & Charges for Credit Card, please refer to  https://www.ocbc.com/assets/pdf/ cards-fee-charge.pdf

To earn an annual fee waiver for your OCBC 365 Credit Card, you must spend a minimum of at least S$10,000 in one year, starting from the month after your OCBC 365 Credit Card was issued.

What counts towards the minimum amount you must spend: Retail transactions, monthly Instalment Payment Plans and monthly PayLite instalments, so long as the amount is shown in your statement during the year.

What does not count towards the minimum amount you must spend: Cash-On-Instalments, cash advances 

Until 31 August 2018, the interest rate for OCBC credit cards is 25.92% per annum if we do not receive full payment by the due date. A minimum charge of $2.50 a month, calculated from the transaction date, will be billed to your account until we receive full payment.

From 1 September 2018, the interest rate for OCBC credit cards (excluding NTUC/OCBC Plus! Visa Cards, Corporate Cards and Private Label Cards ) will be revised to 26.88% p.a.

What do I need to prepare

For singaporean/singapore pr:.

Salaried employees:

Latest month CPF contribution history statement or latest computerised/electronic payslip and latest income tax Notice of Assessment These documents may be retrieved at the branch with a valid SingPass

Self-Employed, Commissioned or Variable income earners:

Latest Income Tax Notice of Assessment OR Latest 12 months' CPF Contributions These documents may be retrieved at the branch with a valid SingPass

For foreigners:

Your Passport

Employment Pass (at least 6 months validity)

Latest computerised/electronic payslip and latest income tax Notice of Assessment OR original company letter certifying employment and salary

Important Notices:

The Terms and Conditions governing your OCBC 365 Card Cashback Programme will be revised with effect from 1 October 2018 to meet your everyday spend.

OCBC Cardmembers Agreement Terms and Conditions Governing OCBC 365 Credit Card Cashback Programme Terms and Conditions Governing OCBC 365 Credit Card Cashback Programme (with effect from 1 Oct 2019) Terms & Conditions Governing the OCBC Exclusive Cashback Promotion for New OCBC Credit Card, OCBC EasiCredit.

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Frequent Asked Questions

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• OCBC 90°N MasterCard: Does it Live Up to the Hype?

• Versatile Miles: 1.3 mi/S$1 locally, 2.1 mi overseas
• Rewards never expire
• No minimun spend
• No cap on miles earned
• Local rates are less competitive
• No category-specific rewards boosts

OCBC 90°N MasterCard is the best option on the market for high spenders seeking unlimited rewards, both in cashback and miles. Cardholders earn in Travel$, each redeemable for S$0.01 rebate or 1 air mile. Based on these rates, cardholders enjoy rewards equal to an unlimited 1.3% local cashback & 2.1% overseas, or 1.3 miles per S$1 locally & 2.1 miles overseas. These rates are quite competitive amongst both rebate and travel cards, particularly for spend in foreign currencies. Even better, rewards never expire and there is no cap to the miles you can earn. Overall, consumers seeking an unlimited and versatile combination of rewards should definitely consider OCBC 90°N MasterCard.

OCBC 90°N MasterCard Features and Benefits

What makes ocbc 90°n mastercard stand out.

OCBC 90°N MasterCard offers both unlimited rewards potential and unparalleled redemption versatility, making it ideal for high spenders who'd like to earn a mix of cashback and miles. Cardholders earn in Travel$, which can be redeemed for cashback or miles at equivalent conversion value, with an earn rate equal to an unlimited 1.3% rebate locally & 2.1% overseas or 1.2 miles per S$1 local spend and 2.1 miles per S$1 overseas spend. Rewards earned never expire and there is no cap to the rewards you can earn each month.

OCBC 90°N MasterCard's rates–particularly for spend in foreign currencies–are quite competitive. No other unlimited cashback card offers as high an overseas rate, and the closest alternative requires S$2k minimum spend to access its boosted rate. OCBC 90°N MasterCard does not have a minimum spend requirement. In terms of miles, OCBC 90°N MasterCard's 2.1 mi/S$1 overseas rate is slightly higher than the 2 mi/S$1 offered by comparable cards. Given these differences, OCBC 90°N MasterCard is best for those with significant overseas budgets, particularly high spenders who prefer cashback in most cases, which makes this card one of the best miles credit cards in Singapore with its high and attractive rewards system.

Overseas Rewards Rate Comparisons

Beyond its rates, OCBC 90°N MasterCard primarily stands out for its versatility. As mentioned, OCBC 90°N MasterCard rewards consumers with Travel$, where 1 Travel$ has a redemption value of S$0.01 cash or 1 air mile. These rates are roughly equivalent, assuming miles are redeemed for standard flight bookings (where each mile has a redemption value of approximately S$0.01). Most rewards cards devalue points redeemed for cashback, essentially driving cardholders to redeem points exclusively for miles (which then typically incurs a S$25 transfer fee). OCBC 90°N MasterCard's unique structure makes it easier for consumers to earn a mix of cashback and miles, without having to worry about devaluations.

Still, it's worth mentioning that the redemption value of a mile varies based on its ultimate application. While redeeming an air mile for an economy ticket translates to about S$0.01 in value, redeeming for business or first class can boost redemption value to up to S$0.08. In this case, affluent travellers may still lean towards redeeming rewards for miles with OCBC 90°N. These high spenders could earn at higher miles rates with travel cards like UOB PRVI Miles Amex , however, and enjoy additional travel perks.

The annual fee is also very affordable, at only S$54.00 per year. Overall, OCBC 90°N MasterCard is the best option on the market for consumers seeking unlimited rewards that can easily be shifted between cashback and miles.

How Does OCBC 90°N MasterCard's Rebate Program Work?

Use our quick guide below to learn how you can redeem OCBC 90°N Card's rewards.

• Cardholders earn in Travel$, which can be redeemed for cashback or air miles
• The redemption value of 1 Travel$ is equal to S$0.01 cash rebate or 1 KrisFlyer air mile
• Travel$ are converted to miles through the KrisFlyer Miles Redemption Programme
• Travel$ never expire
• Travel$ bonuses and rewards earnings are reflected in the monthly card statement
• Travel$ cannot be transferred or carried over to any other OCBC Credit Card
• There is a S$25 conversion-to-miles fee

OCBC 90°N MasterCard's Rewards Exclusions

The following credit card expenditures are ineligible for rewards.

How does OCBC 90°N MasterCard Compare to Other Cards?

Read our comparisons of OCBC 90°N MasterCard with other cards and learn what makes each card unique in their own way. We compare and contrast each card to highlight its uniqueness to help you identify the card that you need.

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Zoryana is a Senior Research Analyst at ValueChampion, who focuses on evaluating credit cards, savings and fixed deposits in Singapore. She holds a BA in Political Science and an MPA in International Finance and Economic Policy, both from Columbia University. Prior to joining ValueChampion, Zoryana worked in treasury management consulting.

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10 Credit Cards That Provide Travel Insurance

Many or all of the products featured here are from our partners who compensate us. This influences which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and here's how we make money .

Travel insurance helps you get your money back when things go wrong with your trip. And it remains a debate: Do you really need it, and is it worth it?

Personally, I’ve often skipped travel insurance, preferring to put the extra money toward my trip. Yet as I pulled into the airport after a winter ski trip to Jackson Hole, Wyoming, in my SUV rental, a snowplow kicked up a rock and a crack extended across the windshield. And just like that, I got in the dreaded rental car accident .

Thankfully, I had rented my car with my Delta SkyMiles® Gold American Express Card , which covered rental car windshield reimbursement. Note that I had also specifically opted out of the car rental's insurance coverage offered at the counter, which is a requirement in order to allow my credit card coverage to kick in. Terms apply.

» Learn more: The best travel credit cards right now

A number of credit cards provide various types of travel insurance (including trip cancellation, trip interruption and car rental loss and damage insurance) when you use your card to pay for flights, rental cars and other travel expenses. So do you need additional travel insurance? Maybe not.

What does your travel insurance cover?

First, let’s look at the different types of coverage that your credit card may offer to help protect your trip, from your bags to your rental car to your health.

Baggage delay . If your luggage doesn’t arrive when you do, you may receive a reimbursement to offset the costs of having to purchase new attire and other items you may need. The length of delay required and the coverage offered varies by card.

Lost/damaged baggage . If your bags are lost or damaged by a carrier, or items have been stolen from your baggage, your provider may provide monetary compensation.

Trip delay . If your trip on a common carrier is delayed, you may receive monetary compensation to help cover meals, hotels, transportation and necessary purchases up to a certain amount per ticket.

Trip cancellation . If you need to cancel a prepaid, nonrefundable trip, you may receive compensation to offset the lost funds. This benefit generally applies to cancellations for covered reasons, which vary by card.

Trip interruption . If you miss a portion of your trip due to a covered reason, this benefit will reimburse you for any unused, prepaid, nonrefundable reservations (i.e., excursions, hotel nights).

Medical treatment . If you are hurt while traveling and require medical treatment, medical expenses may be covered up to a certain dollar amount.

Medical evacuation . If your illness or injury requires you to return home immediately for care, the insurance coverage through your card may cover the costs.

Travel accident insurance. In the case of accidental death or dismemberment, your credit card may provide coverage to you or to your beneficiary

Rental car insurance. This coverage provides protection to your rental car against theft and damage. Coverage may be primary or secondary to your personal auto insurance, depending on the card.

» Learn more: Should you insure your cruise?

Popular credit cards with travel insurance

Some of the best travel rewards cards include various forms of travel insurance. These are a few of our favorite cards that offer certain types of coverage. If you have a different travel rewards card, it’s a good idea to check the benefits of your card before assuming that it either does or doesn’t have any of the coverage listed here.

1. Chase Sapphire Reserve®

Trip cancellation: Up to $10,000 per person and $20,000 per trip. Maximum benefit of $40,000 per 12-month period.

Trip interruption: Up to $10,000 per person and $20,000 per trip. Maximum benefit of $40,000 per 12-month period.

Trip delay: Up to $500 per ticket for delays more than six hours.

Baggage delay: Up to $100 per day for five days.

Lost luggage: Up to $3,000 per passenger.

Travel accident: Up to $1,000,000.

Rental car insurance: Up to $75,000.

2. Chase Sapphire Preferred® Card

Trip delay: Up to $500 per ticket for delays more than 12 hours.

Travel accident: Up to $500,000.

Rental car insurance: Up to the actual cash value of the car.

3. Marriott Bonvoy Brilliant® American Express® Card

Lost luggage: Up to $2,000 for checked bag and up to $3,000 for checked and carry-on bag. New York state residents get $2,000 per bag, up to a maximum of $10,000 for all covered persons per trip.

Travel accident insurance. Up to $500,000.

Trip delay insurance: Up to $500 per trip. Maximum benefit of $1,000 per 12-month period.

Trip cancellation: Up to $10,000 per trip. Maximum benefit of $20,000 per 12-month period.

Trip interruption: Up to $10,000 per trip. Maximum benefit of $20,000 per 12-month period.

4. Marriott Bonvoy Boundless® Credit Card

Baggage delay: Up to $100 per day for five days for essential purchases like toiletries and clothing for delays of over six hours.

Lost luggage: Up to $3,000 per passenger for checked or carry on luggage.

Damaged luggage: Up to $3,000 per passenger for checked or carry on luggage.

5. Southwest Rapid Rewards® Plus Credit Card

Baggage delay: Up to $100 per day for three days.

Travel accident insurance: Up to $250,000 to $500,000 (Visa Platinum and Visa Signature, respectively).

Rental car insurance: Up to actual cash value of vehicle.

Travel and emergency assistance services: Assistance and referral via the Benefit Administrator, cardholder is responsible for all costs.

6. United℠ Explorer Card

Trip cancellation: Up to $1,500 per person and $6,000 per trip.

Trip interruption: Up to $1,500 per person and $6,000 per trip.

Rental car insurance: Covers damage or theft with restrictions.

7. Delta SkyMiles® Gold American Express Card

Lost carry on luggage: Up to $1,250 per person for carry on baggage while in direct transit to or from a common carrier terminal, while traveling on a common carrier or while at a common carrier terminal.

Lost checked luggage: Up to $500 per person while traveling on a common carrier.

Rental car insurance: Up to $50,000.

Terms apply.

8. The Platinum Card® from American Express

Trip delay: Up to $500 per trip for delays more than 6 hours.

9. Capital One Venture Rewards Credit Card

Lost luggage: Up to $3,000 per passenger. For New York state residents, coverage is limited to $2,000 per bag.

Travel accident insurance: Up to $250,000.

Rental car insurance: Covers damage or theft with restrictions. Eligible rental periods are limited to 15 consecutive days in the cardholders home country or 32 consecutive days outside it.

10. Hilton Honors American Express Aspire Card

Baggage delay: Up to $100 per carrier for three days.

Do I need additional travel insurance?

Even with the coverage listed above, some credit cards offering travel insurance benefits may not provide enough insurance for your needs. For example, if you have paid $10,000 for a vacation using your card and trip cancellation is not offered, you may want to purchase additional coverage. Likewise, if you book a very expensive trip but your card only covers $10,000 in trip cancellation coverage, you may want to consider additional coverage.

American Express offers full travel insurance options through AmEx Assurance . This specific benefit is available to all travelers and does not require an American Express card. You can pick and choose the coverage you want, and a quote will be processed based on your age, trip expense and days traveling.

For example, here's what we found when requesting insurance for a two-day trip that costs $1,000. You can decide what coverage you'd like and see the full cost of your options:

The quote we received covered 100% reimbursement for cancellation, then offered different levels for other types of coverage.

Medical protection was available for $25,000 to $100,000.

Travel accident protection was available for $250,000 to $1,500,000.

Baggage protection was available for up to $500 to $2,500.

Trip delay coverage was offered for $150 to $1,000 per day, depending on selecting basic, silver, gold or premium options.

When renting a car, be sure to check the specific requirements of your credit card, which may vary by location and type of vehicle.

So do you need travel insurance? A good rule of thumb is if the amount you could lose is more than you want to lose (or can afford to lose) if something goes wrong, get the insurance. For a list of travel insurance companies that provide online quotes, read more about how to find the best travel insurance .

» Learn more: Does trip insurance cover award flights?

Cards with travel insurance, recapped

If you are concerned about an upcoming trip and want to be fully protected, combine your travel credit card insurance with a build-your-own plan to cover what your credit card does not.

How to maximize your rewards

You want a travel credit card that prioritizes what’s important to you. Here are our picks for the best travel credit cards of 2024 , including those best for:

Flexibility, point transfers and a large bonus: Chase Sapphire Preferred® Card

No annual fee: Bank of America® Travel Rewards credit card

Flat-rate travel rewards: Capital One Venture Rewards Credit Card

Bonus travel rewards and high-end perks: Chase Sapphire Reserve®

Luxury perks: The Platinum Card® from American Express

Business travelers: Ink Business Preferred® Credit Card

on Chase's website

1x-10x Earn 5x total points on flights and 10x total points on hotels and car rentals when you purchase travel through Chase Travel℠ immediately after the first $300 is spent on travel purchases annually. Earn 3x points on other travel and dining & 1 point per $1 spent on all other purchases.

60,000 Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $900 toward travel when you redeem through Chase Travel℠.

1x-5x 5x on travel purchased through Chase Travel℠, 3x on dining, select streaming services and online groceries, 2x on all other travel purchases, 1x on all other purchases.

60,000 Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 when you redeem through Chase Travel℠.

1x-2x Earn 2X points on Southwest® purchases. Earn 2X points on local transit and commuting, including rideshare. Earn 2X points on internet, cable, and phone services, and select streaming. Earn 1X points on all other purchases.

50,000 Earn 50,000 bonus points after spending $1,000 on purchases in the first 3 months from account opening.

• Asia Superior Travel Insurance
• Personal Banking
• Insurance Services

Travel with peace of mind

Apply single trip plan to enjoy 20% premium discount Terms and conditions apply

Travel Insurance Package

Asia Superior Travel Insurance (“the Plan”) is specially designed to provide you with peace of mind and an all-round protection against unexpected accidents occurring during your trip.

OCBC Bank (Hong Kong) Limited ("OCBC Bank") and Asia Insurance Co., Ltd. ("Asia Insurance") are pleased to introduce the Asia Superior Travel Insurance ("the Plan") for our valuable customers.

Plan Highlights

Covid-19 extension.

• Medical expenses coverage up to HK$1,000,000
• Worldwide emergency assistance services
• Overseas hospital cash allowance
• Free automatic insurance extension (up to 21 days)

Extended Scale of Compensation for Permanent Disablement

• Compensation is provided starting from the loss of a toe

Act of Terrorist Extension

• Losses arising from the act of terrorist under Medical Expenses Benefit, Personal Accident Benefit, Worldwide Emergency Assistance Services and Outbound Travel Alert (OTA) Extension

Popular Amateur Sports and Activities

• Cover for popular amateur sports and activities such as bungee jumping, rafting, skiing and other winter sports, etc.

Newly Added Benefits

• Outbound Travel Alert (OTA) Extension
• Single Occupancy
• Home Care Benefit
• Overseas Rental Vehicle Excess Protection
• Trauma Counselling

Free Automatic Extension

• Free automatic extension up to 15 extra days (for Single Trip Plan only)

No Co-payment or Excess

Eligibility.

• Applicant/Proposer must be a Hong Kong resident and aged 18 or above
• Insured Person(s) must be Hong Kong resident(s)
• Age Limit (on Departure Date) : from 6 months up to age of 75
• All trips under this insurance must be originated from Hong Kong
• Important Notice
• Major Exclusions
• Premium Table

Section 1 – Medical Expenses Benefit

1 For Insured Person aged below 18 or over 70, the maximum limit of Medical Expenses incurred overseas and under COVID-19 Extension shall be HK$250,000 and HK$350,000 for Plan A and Plan B respectively.

Section 2 – Personal Accident Benefit

2 For Insured Person aged below 18 or over 70, the maximum limit of Other Accidents shall be HK$250,000 and HK$350,000 for Plan A and Plan B respectively.

3 For Insured Person aged below 18 or over 70, the maximum limit payable under Major Burns Benefit shall be 50% of the limit applicable to the plan selected.

Section 3 – Worldwide Emergency Assistance Services

Section 4 – translation service in overseas hospital, section 5 – overseas hospital cash allowance, section 6 – trip cancellation.

4 Refer “Outbound Travel Alert (OTA) Extension” for the details of benefit limit.

Section 7 – Trip Curtailment 5

5 Insured Person can only claim under either Section 7 – Trip Curtailment or Section 8 – Trip Re-routing or Section 9 – Travel Delay (but not more than 1 section) in respect of any loss arising from the same cause.

Section 8 – Trip Re-routing 5

Section 9 – travel delay 5 (for delay over 6 consecutive hours), section 10 – personal baggage and personal effects, section 11 – baggage delay (for delay over 6 consecutive hours), section 12 – loss of travel document, section 13 – personal money, section 14 – unauthorised use of lost credit card, section 15 – personal liability, section 16 – home care benefit, section 17 – overseas rental vehicle excess protection, section 18 – trauma counselling, table of personal accident benefit.

The aggregate benefit payable for the above insured events during the same journey shall not exceed 100% of the maximum limit of Personal Accident Benefit for each Insured Person.

AUTOMATIC INSURANCE EXTENSION (For Single Trip Plan only)

The Period of Insurance will be extended automatically for up to 15 days in case of delay in return to Hong Kong due to transport delay, sickness or injury of Insured Person, adverse weather conditions, strike, hijack or mechanical and/or electrical breakdown of public conveyance.

COVID-19 EXTENSION *

If during the Period of Insurance, the Insured Person is diagnosed with COVID-19 during the journey, the following benefits will be provided.

* COVID-19 Extension will not be provided if the Insured Person (i) fails to be vaccinated with at least 2 doses of COVID-19 vaccine recognised by the Government of Hong Kong SAR before the journey (not applicable to Insured Person aged below 12) and/or (ii) fails to comply with the vaccination related entry requirement of the destination the Insured Person is travelling to.

Insured Person will not be covered under this Extension notwithstanding that he/she is medically unsuitable for vaccination and obtained a COVID-19 Vaccination Medical Exemption Certificate (Exemption Certificate).

^ If Insured Person is diagnosed with COVID-19 while travelling overseas, free-of-charge extension of insurance cover for up to 21 days will be provided to Insured Person, Insured Person's spouse/children/parents and person aged below 18 accompanied by Insured Person provided that they are insured under the same policy. (For Single Trip Plan only)

OUTBOUND TRAVEL ALERT (OTA) EXTENSION

The extended coverage for Outbound Travel Alert (OTA) provides more comprehensive protection in different situations and minimises the financial loss due to the issuance of travel alert. The Insured Person will be entitled to the benefits listed below for red or black travel alerts.

Conditions:

• (1) Cancellation of trip must take place not earlier than 7 days from the departure date of the scheduled itinerary and the Red or Black OTA to the planned destination must be in force at the time of cancellation.
• (2) Curtailment of trip must take place while Red or Black OTA to the destination is in force after commencement of the journey.
• (3) Irrecoverable administration fee charged by the travel agent/public conveyance provider/accommodation provider and/or visa fee shall be paid only while the Red or Black OTA is hoisted within 7 days before the commencement date of the insured journey and the Insured Person has to cancel such insured journey.

Exclusions:

• (1) Not covered if the Red or Black OTA is hoisted or announced to the destination(s) listed in the itinerary before or at the time of the insurance application.
• (2) Excludes any loss and/or claim if the Insured Person refuses to take the first available alternative transportation offered by the original public conveyance provider.

HOME TO HOME COVER

Covers the entire journey starting from the time the Insured Person directly leaves his/her place of residence or place of work in Hong Kong (whichever is the later) to commence his/her overseas journey but not exceeding 4 hours prior to booked departure time; and ending at the time the Insured Person arrives at his/her place of residence or place of work in Hong Kong or 4 hours after the scheduled arrival time, whichever is the earlier.

• Insured/Proposer must be a Hong Kong resident and aged 18 or above.
• This Policy is applicable to conventional leisure or business (clerical or administrative work only) travel, not applicable to expedition, adventure or similar journey.
• Any children under 12 years of age must be accompanied by an adult.
• COVID-19 Extension will not be provided if the Insured Person (i) fails to be vaccinated with at least 2 doses of COVID-19 vaccine recognised by the Government of Hong Kong SAR before the journey (not applicable to Insured Person aged below 12) and/or (ii) fails to comply with the vaccination related entry requirement of the destination the Insured Person is travelling to.
• Insured Person must be fit to travel at the time of applying this insurance and not in acknowledgement of any circumstances (including but not limited to financial, medical, political, adverse weather conditions) which could lead to cancellation, interruption or curtailment of the journey.
• For Single Trip Plan, the policy is non-cancellable, and no refund of premium is allowed once the policy is issued.
• The insurance cover shall be non-transferrable.
• Written notice of claim must be given to Asia Insurance within 30 days following the occurrence of any event giving rise or likely to give rise to a claim under this Policy. Written proof of loss must be furnished to Asia Insurance within 30 days from the date of issuance of receipt of the claim form provided to Asia Insurance.
• This is only a brief description of product features and does not constitute any part of the insurance contract. Please refer to the policy document for details of insurance terms, conditions and exceptions which shall prevail in case of inconsistency. Asia Insurance reserves the right of final approval and decision.
• If there is any conflict or inconsistency between the English & Chinese versions, the English version shall prevail.

The following is a highlight of some key exclusions to Asia Superior Travel Insurance. Please refer to policy document for the full list of exclusions that apply to each section and the entire policy.

• War (whether declared or not), invasion, rebellion, biological or chemical attack, civil war, civil commotion and related perils.
• Act of Terrorist (for all Sections except Section 1 – Medical Expenses Benefit, Section 2 – Personal Accident Benefit, Section 3 – Worldwide Emergency Assistance Services and Outbound Travel Alert (OTA) Extension).
• Nuclear fission or radioactive contamination.
• Infectious disease requiring quarantine or isolation by law or the public conveyance provider.
• Any wilful, malicious, criminal, unlawful, or deliberate act of the Insured, the Insured Person or any family member of the Insured or of the Insured Person, or travel companion.
• Any pre-existing conditions, including but not limited to congenital or hereditary conditions.
• Any circumstance, event or incident which exists or is known to exist or ought to be known or announced before the time of application of the insurance.
• Self-inflicted injuries, pregnancy, psychological disturbances, alcoholism, drug addiction, venereal disease, AIDS or AIDS related complex.
• Sport or game in a professional capacity; trekking or parachuting or hiking at an altitude limit greater than 5,000 metres above sea level or diving to a depth greater than 30 metres below sea level or mountaineering (necessitating the use of ropes or pitons); any speed time trial for or any form of race competition including but not limited to car racing, motor rallies and competition, horse-racing, and competitions of swimming, sailing, bicycling, skiing and so forth (other than on foot).
• Flying or other aerial activities except while travelling as a fare-paying passenger in a licensed passenger carrying aircraft operated by a recognised airline or air charter company and not as pilot or air crew nor for the purpose of any trade or technical operation in or on the aircraft.
• Loss of baggage, travel documents or personal money not reported to the relevant authorities (e.g. airlines, travel agents, police, etc.) within 24 hours upon discovery of such loss and failure to provide a report certified by such authorities.
• Personal liabilities arising from ownership, possession, hire, use or operation of vehicles, unmanned aircraft system, aircraft, watercraft, or weapons.
• Property Cyber and Data Exclusion.
• Communicable Diseases including any mutation or variation thereof (for Section 2 – Personal Accident Benefit and Section 15 – Personal Liability only).
• COVID-19/Pandemics or epidemics including any mutation or variation thereof (for all Sections except Section 2 – Personal Accident Benefit and Section 15 – Personal Liability).

PREMIUM TABLE (Single Trip Plan)

• “Asia” includes Brunei, Cambodia, China, Guam, Indonesia, Japan, South Korea, Laos, Macau, Malaysia, Myanmar, Philippines, Singapore, Taiwan, Thailand and Vietnam.
• Premium Levy collected by the Insurance Authority has been imposed on relevant policy at the applicable rate and would be remitted in accordance with the prescribed arrangements. For further information, please visit www.asiainsurance.hk or contact: (852) 3606 9933. Asia Insurance will pay the Premium Levy on behalf of the policyholders of Asia Superior Travel Insurance.

For more coverage information, please refer to Product Brochure and Insurance Policy .

For claims details, please refer to Travel Claim Advices and Claim Form .

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The Plan is a product of insurance company or insurer but not OCBC Bank (Hong Kong) Limited.

OCBC Bank (Hong Kong) Limited ("OCBC Bank") is registered in accordance with the Insurance Ordinance (Cap. 41 of the Laws of Hong Kong) as insurance agency and is the authorized insurance agency of Aisa Insurance Company Limited (“Aisa Insurance”) for distribution of the Plan in the Hong Kong Special Administrative Region ("HKSAR"). The Plan is underwritten by Asia Insurance which is authorized and regulated by the Insurance Authority ("IA") of HKSAR. Asia Insurance will be responsible for providing your insurance coverage and handling claims under your Plan.

Premium Levy payable to the IA by policyholders has been imposed on relevant policy at the applicable rate and would be collected through insurance companies. For further information, please visit www.asiainsurance.hk or www.ia.org.hk . For further information, please click here for details.

OCBC Bank and Asia Insurance reserve the right to amend or terminate the terms and conditions for the relevant premium discount without prior notice to customers. In case of any disputes, the decision of OCBC Bank and Asia Insurance shall be final.

The above information is for reference only and illustrative purpose only and shall not form any part of the policy document. Please refer to the insurance policy for terms and conditions. Where there is any discrepancy or inconsistency between the above information and the terms and conditions of the insurance policy, the latter shall prevail.

In respect of an eligible dispute (as defined in the Terms of Reference for the Financial Dispute Resolution Centre in relation to the Financial Dispute Resolution Scheme) arising between the OCBC Bank and the customer out of the selling process or processing of the related transaction, OCBC Bank is required to enter into a Financial Dispute Resolution Scheme process with the customer; however any dispute over the contractual terms of the product should be resolved directly between Asia Insurance and the customer.

Asia Insurance reserves the right to accept or decline any application for this Plan. In case of any dispute in connection with the contents of this Plan, the decision of Asia Insurance shall be final and conclusive. If you have any enquiries, please call the enquiry hotline.

In case of any conflict or inconsistency between the English and Chinese versions of the above information, the English version shall prevail.

10 Credit Cards With Travel Insurance

T ravel these days is challenging, but credit cards with travel insurance can offset a host of headaches. The best rewards credit cards will reimburse customers that have lost or delayed baggage, missed connections or canceled trips. Some cards even pay survivors in case of death or dismemberment.  

A recent study by WalletHub evaluated 66 of the best credit cards with travel insurance across three broad categories: luggage insurance, travel accident insurance, and eligibility, cost and extra coverage.  

Many cards that used to offer travel insurance have reduced or eliminated coverage. In fact, WalletHub found that only 24% of the consumer credit cards they studied offered trip cancellation insurance. And cards issued by Wells Fargo, Citi, Discover and Synchrony provide no travel insurance coverage.

Best credit cards with travel insurance

Chase Bank has been positioning its Sapphire-branded travel cards as leaders in the competitive arena of low-fee and premium travel credit cards . So it's no surprise that the Chase Sapphire Reserve® and the Chase Sapphire Preferred® credit cards both score highest in the study. Here are areas where the cards beat the competition, with the maximum coverage amount by category.

Chase Sapphire Reserve : 

Best for travel accident insurance ($1 million in coverage).

Chase Sapphire Preferred : 

Best for luggage insurance, ($3,000 in coverage).

Best for Trip Cancellation: ($20,000 in coverage per trip).

Best for Eligibility, Cost and Extra Coverage Combined, including:

Trip Delay ($500 in coverage per ticket).

Travel Accident ($500,000 in coverage).

Delayed Luggage ($500 in coverage per trip).

Trip Cancellation ($20,000 in coverage per trip).

The 10 best cards with travel insurance

Here are the top cards, with three tying for fourth place.

Source: Adapted from WalletHub Best Credit Cards With Travel Insurance , June 23, 2023. 

Do you need travel insurance?

Thanks to new federal regulations, U.S. consumers have more protections when flying. These rules require airlines to refund customers for U.S. flights canceled for certain reasons beyond a passenger’s control. Airline customers also have more rights when their flights are delayed. The rules are complicated, so be sure you refer to the Department of Transportation’s refund guidelines . 

In more good news for travelers, the new regulations spurred industry improvements ; nine airlines changed their policies to guarantee coverage of hotels and ten airlines to guarantee meals for stranded passengers.  

Still, for expensive trips, you will want to assess your credit card's travel insurance benefits. If you find them wanting, you can purchase trip insurance, which typically runs about 5% to 6% of the cost of your trip. The average cost for U.S. travelers from April 2022 to April 2023 was $284, according to the Los Angeles Times . 

Related Content

• Best Travel Rewards Credit Cards
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• What You Need to Know About Travel Medical Insurance
• Safest Countries to Visit

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5 Best Credit Cards in the Singapore [2024]

6 minute read

Citi Cash Back Plus Card

UOB One Card

DBS Woman’s World Card

The American Express Singapore Airlines KrisFlyer Credit Card

OCBC Frank Credit Card

Card payments are the most popular method of payment in Singapore . Singaporeans use credit cards frequently, with an average of 131.2 card payments per person in 2022 , up from 99.7 during the pre-pandemic period in 2019.

However, not all credit cards are the same. Depending on your spending habits and financial situation, it is essential to compare and choose the best option for you. Therefore, we have researched and listed the best credit cards available in Singapore in 2024.

This article will guide you on how to choose the best credit card. We will also examine each card in detail, including its benefits, fees, eligibility, and who should use it. Hence, you can make an informed decision and select the best card for your needs.

How To Pick Your Best Credit Card

Before selecting a credit card, it is important to understand the factors involved. Here are the steps you can take to choose the best credit card for you.

Understand Your Spending Habits

First and foremost, assess where your money typically goes each month. Take a look at your major expenses and identify your primary spending categories.

Are you spending more on supermarkets, dining out, online purchases, or travel? Knowing your spending habits will help you select a credit card that aligns with your lifestyle.

Evaluate the Rewards and Benefits

Common credit card reward programs include:

• Cashback: Receive a percentage of your spending back as cash rewards, which can be applied to your credit card statement or bank account.
• Points: Earn points for every SGD spent, which can be redeemed for merchandise, gift vouchers, or services through the credit card's rewards portal.
• Air Miles: Accumulate miles with each purchase, which can be redeemed for airline tickets, seat upgrades, airport lounge access, or complimentary travel insurance. Therefore, air miles credit cards are ideal for frequent travellers.

Consider which reward matches your lifestyle. For example, if you are a frequent Grab user, choosing a card that rewards points or discounts for Grab transactions might be the best option for your new credit card.

📌 Note: When comparing options, remember to check for introductory rewards. Review the conditions and benefits to fully maximise your gains.

Consider Fees and Charges

Credit cards typically have various fees and charges associated with them, including annual fees, foreign transaction fees, and late payment fees.

It's essential to carefully evaluate these costs and how they impact the overall benefits of the card. Some cards may waive the annual fee for the first year or provide fee waivers if you meet certain spending requirements.

Check Eligibility Requirements

In general, credit card eligibility criteria include age, residency, and minimum income requirements. Typically, credit card providers set the minimum annual income for entry-level credit cards at SGD 30,000. For foreigners, the minimum income requirement is generally higher.

It's important to verify that you meet these criteria before applying to prevent unnecessary credit checks, which could negatively affect your credit score.

Now, let’s explore the list of top credit cards in Singapore.

5 Best Credit Cards in Singapore

📌 Note: The information provided below is subject to change. Ensure you check with each credit card provider for up-to-date information.

1. Citi Cash Back Plus Card

Citibank is a global financial institution that offerings services for both individuals and businesses. Credit cards are also one of the primary financial products.

If you’re looking for an unlimited cashback credit card, you might consider the Citi Cash Back Plus Card . Below are its main benefits.

Citi Cash Back Plus Card Key Benefits

• Earn unlimited 1.6% cash back on all eligible spending.
• No minimum spending requirements
• Secure up to SGD 1 million in coverage by purchasing travel tickets with the Citi Cash Back Plus card.
• Compatible with Apple Pay, Google Pay, and Samsung Pay.

We Recommend Citi Cash Back Plus Card For

✅ Individuals seeking a credit card to earn unlimited rewards on their day-to-day spending.

Citi Cash Back Plus Card Fees

For detailed pricing information, please check the card information sheet .

Citi Cash Back Plus Card Eligibility Criteria

To apply for the card, you must meet the following criteria.

• You are 21 or older.
• You have a minimum annual income of SGD 30,000.

2. UOB One Card

Another cashback credit card on our list is the UOB One Card . Offered by 

United Overseas Bank (UOB), this card is designed to help you save more on your daily expenses.

Whether you're a frequent shopper at Grab and Shopee or looking to maximise savings on every transaction, this card is your gateway to more rewards and savings. Here are key benefits you can expect from the UOB One Card.

UOB One Card Key Benefits

• Earn up to 10% cashback on McDonald’s, Shopee, Grab, DFI Retail Group (Cold Storage, CS Fresh, Giant, Guardian, 7-Eleven & more), and SimplyGo (public transportation).
• Earn up to 10% cashback on UOB Travel.
• Earn up to 4.33% cashback on Singapore Power utilities bills.
• Enjoy up to 22.66% fuel savings at Shell and SPC petrol stations.
• Compatible with Apple Pay, Google Pay, Samsung Pay and Fitbit Pay.

It’s important to note that cashback is given out quarterly , and you need to spend at least SGD 500 every month to earn the cash rebate. For the highest cashback rates, your monthly spending should be at least SGD 2,000 for three consecutive months.

However, UOB provides a cash rebate calculator to help you estimate the cashback you can earn from UOB One Card based on your spending history.

We Recommend UOB One Card For

✅ Regular Grab, DFI group, and Shoppee shoppers looking to enhance their shopping experience with maximised rewards.

✅ Anyone seeking a cashback credit card to save on daily essentials.

UOB One Card Fees

For detailed fee information, please visit the UOB One Card page . If you need specifics on certain fees, please refer to the UOB credit card general information document .

UOB One Card Eligibility Criteria

The UOB One Card is open to both residents and non-residents who:

• Are at least 21 years old.
• Earn at least SGD 30,000 annually (locals) or SGD 40,000 (foreigners) or have a fixed deposit of at least SGD 10,000.

UOB provides a list of necessary documents for the application process. Ensure to have your documents prepared before applying for the card.

3. DBS Woman’s World Card

DBS Bank was initially established to focus on industrial financing. Nevertheless, the bank has expanded its financial products and services, including credit cards.

One of the credit cards in their product line is the DBS Woman’s World Card , designed for frequent online spenders, including women and men. Here are some of its key benefits.

DBS Woman's World Card Key Benefits

• Earn 10x DBS Points (4 miles per SGD 1) on online purchases, with an awarding cap of SGD 1,500 per calendar month. 
• Earn 3x DBS Points (1.2 miles per SGD 1) on overseas purchases
• Earn 1x DBS Point (0.4 miles per SGD 1) on other purchases
• Enjoy complimentary ecommerce protection for your online shopping (T&Cs apply).
• Spread the cost of your purchases over up to 24 monthly instalments.
• Compatible with Apple Pay, Samsung Pay, and Google Pay.

In addition, when using Woman’s World Mastercard® for online spending, you are entitled to worldwide coverage in the following scenarios:

• You receive an incomplete delivery or an incorrect item is delivered.
• The item you received is malfunctioning due to physical damage during delivery.
• You do not receive your purchase within 30 days of the scheduled delivery.

If any of the above scenarios occur, you can file a claim with Mastercard® directly.

We Recommend DBS Woman's World Card For

✅ Frequent online shoppers who want to accumulate rewards faster.

✅ Individuals who are looking for extra protection when shopping online.

DBS Woman's World Card Fees

Please visit the DBS Woman's World page for more information. Additionally, for details on specific fees, please refer to the DBS Card Rates and Fees section .

DBS Woman's World Card Eligibility Criteria

To apply for the DBS Woman's World Card, you must

• Be at least 21 years old.
• Earn at least SGD 80,000 annually.

You can check with the application checklist to prepare the required documents before applying for the card.

4. The American Express Singapore Airlines KrisFlyer Credit Card

AMEX stands out as a prominent credit card issuer. It offers a range of cards with diverse rewards programs tailored to personal and business users, including travel, dining, shopping, and more.

One of its offerings in Singapore, The American Express® Singapore Airlines KrisFlyer Credit Card , is designed to improve cardholders’ travel experiences. Let's look at the key benefits this card offers.

AMEX Singapore Airlines KrisFlyer Key Benefits

• Earn 3.1 KrisFlyer miles for every SGD 1 spent on Grab Singapore, with a cap of SGD 200 per calendar month.
• Earn 2 KrisFlyer miles for every SGD 1 you spend on singaporeair.com, the SingaporeAir app, and KrisShop, with no cap.
• Earn KrisFlyer miles on every SGD 1 equivalent spent in foreign currency during June and December with no cap.
• Earn unlimited 1.1 KrisFlyer miles for every SGD 1 spent on all eligible transactions.
• All KrisFlyer miles earned are credited directly into your KrisFlyer account.
• Get SGD 150 cashback on purchases at singaporeair.com after spending SGD 12,000 between 1 July 2023 and 30 June 2024

New to the American Express? You can receive up to 27,000 KrisFlyer miles by spending at least SGD 500 within the first month after your card is approved. Additionally, by granting your consent to direct marketing at the time of application, you'll receive SGD 20 in eCapitaVouchers.

📌 Note: This welcome offer will be valid until 29 May 2024.

We Recommend AMEX Singapore Airlines KrisFlyer For

✅ Frequent travellers who regularly use Grab for commutes, food delivery, and other services.

✅ KrisFlyer program members who want to boost their mile accumulations, enhancing their reward potential.

✅ New AMEX card members who seek fast travel reward accumulation.

AMEX Singapore Airlines KrisFlyer Fees

Please check the KrisFlyer credit card document for detailed pricing information.

AMEX Singapore Airlines KrisFlyer Eligibility Criteria

To qualify for this AMEX card, applicants must satisfy the criteria below.

• You are 21 years old or over.
• You earn a minimum annual income as required by regulations.

Unfortunately, we could not find information regarding the minimum income requirement. Please contact AMEX directly for more information.

5. OCBC Frank Credit Card

The Oversea-Chinese Banking Corporation (OCBC) Bank is recognised as one of the largest banks in Southeast Asia, with a significant presence in terms of assets and profitability. 

OCBC offers an extensive array of financial products tailored to the varied needs of both individuals and businesses. Among these products, the OCBC Frank Credit Card stands out in their personal credit card selection. Here are what you can expect from this credit card.

OCBC Frank Credit Card Key Benefits

• Earn 8% cash back on eligible SGD purchases made online
• Earn 8% cash back on local spending via contactless payment.
• Earn 8% cash back on non-SGD transactions both online and in-store.
• Earn an additional 2% cash back on purchases at eligible green stores, including Scoop, Wholefoods, and Little Farms.
• Compatible with Apple Pay, Samsung Pay, Google Pay, Fitbit Pay, and Garmin Pay.

It’s important to note that cardholders need to spend at least SGD 800 per calendar month to earn cashback.

We Recommend OCBC Frank Credit Card For

✅ Eco-conscious customers who want to maximise rewards while supporting sustainable products and initiatives.

✅ International spenders looking to earn generous cashback on foreign currency transactions.

OCBC Frank Credit Card Fees

Please consult the detailed pricing structure with OCBC Fees and Charges .

OCBC Frank Credit Card Eligibility Criteria

You must meet the following requirements to apply for the card.

• Be at least 21 years old
• Earn at least SGD 30,000 (locals) or SGD 45,000 (foreigners)

Credit cards offer various benefits, including earning travel rewards, cash back, and managing expenses. Choosing the right card can impact your financial health and lifestyle. When uncertain, consider your goals, spending habits, credit score, the perks and fees of potential cards, and read the card reviews from real customers. 

To maximize your benefits while maintaining your financial well-being, stay informed about the terms and conditions of your credit card, as issuers may update policies.

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Which credit card is the best in the US?

The "best" credit card in the US depends on your spending habits and goals. For instance, the Chase Sapphire Preferred® is one of the best travel credit cards in terms of reward rates, the Capital One VentureOne Rewards is the best no-annual-fee travel card, the Blue Cash Everyday® is one of the best cashback credit cards for groceries, the Discover it® Secured is the best for credit building, and the Citi Rewards+® suits those seeking versatile credit card. Other big names include Chase Ultimate Rewards,  Chase Freedom Unlimited, Delta SkyMiles® Blue American Express Card, Wells Fargo Active Cash® Card, and more.

What credit card offers the benefits without an annual fee?

Here are some of the top US cards with good benefits and no annual fees: • Capital One VentureOne Rewards Credit Card: One of the best rewards credit cards for budget-conscious travelers. • Discover it® Secured Credit Card: Great for building credit with cashback rewards. • Blue Cash Everyday® Card from American Express: A cash reward credit card for everyday spending, especially for groceries and gas. • Citi Rewards+® Card: Great for everyday spending plus some travel-related rewards.

Which credit card is the most accessible for applicants?

The Discover it® Secured Credit Card might be considered the most accessible for applicants because it is tailored for those who are new to credit or those with limited or rebuilding credit. 

What is the most suitable credit card for all purposes?

The Citi Rewards+® Card is a versatile option suitable for various purposes, as it focuses on everyday spending while also offering promotional benefits such as discounts on travel, including hotels and attractions.

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Here are the top 15 companies in Singapore to work for, according to LinkedIn

Banks dominated the top 5 best companies in Singapore to work for, according to LinkedIn's list on the best workplaces in the country in 2024 .

"Commercial banking firms from banking to insurance and digital payments, dominated the 2024 LinkedIn Top Companies in Singapore, comprising more than half of the top 15 (up from 5 in 2023)," Pooja Chhabria, head of editorial for Asia-Pacific for LinkedIn told CNBC Make It .

"This is no surprise as Singapore is a well-established financial hub in the region, characterized by stable regulatory frameworks, and increased adoption of digital banking," she said.

LinkedIn's data assesses various aspects of career progression. It ranked companies based on eight pillars: ability to advance, skills growth, company stability, external opportunity, company affinity, gender diversity; educational background and employee presence in the country.

The list, released Wednesday, only includes companies that had at least 500 employees in Singapore as of the end of 2023. Additionally, recruiting firms, educational institutions and government agencies were excluded from the list.

Here are the top five names on LinkedIn's 2024 list for Singapore:

1. DBS Bank

Industry: Banking

Size of company: 30,000+

Most notable skills: Commercial banking, criminal law, intellectual property

Most common job titles: Business development officer, wealth manager, software engineer

Headquartered in the city-state, the Development Bank of Singapore was established by the government in 1968 to help finance the young nation's industrialization and urban development projects. It is today Southeast Asia's largest bank, offering corporate banking and financial services. This is the third year in a row that DBS Bank has landed in the top five on LinkedIn's top companies to work for in Singapore.

2. Schneider Electric

Industry: Manufacturing, machinery, automation

Size of company: 100,000+

Most notable skills: Power systems, electronic control systems, utilities, instrumentation

Most common job titles: Account manager, project manager

Founded almost two centuries ago in 1836, this French multinational company is a new addition to the list. Schneider Electric specializes in energy management and digital automation and offers solutions across sectors such as energy, infrastructure and more.

3. Standard Chartered Bank

Size of company: 80,000+

Most notable skills: Commercial banking, capital markets, software development life cycle

Most common job titles: Business analyst, business development officer, product team manager

Standard Chartered Bank moved down one notch to third place after being ranked second from 2021-2023. Established in 1969 in London, the international banking group provides treasury services as well as retail, corporate and institutional banking.

4. American Express

Industry: Financial services, banking

Size of company: 70,000+

Most notable skills: Travel management, commercial banking, sales leads

Most common job titles: Relationship manager, data science manager, director

Another new addition to the list is American Express , which was founded in 1850 in Buffalo, New York. The global financial services company specializes in credit cards and offers products for consumers and businesses alike.

5. OCBC Bank

Size of company: 15,000+

Most notable skills: Commercial banking, insurance, investment banking

Most common job titles: Business development officer, financial advisor, financial planner

OCBC topped the list in 2021, ranked 4th in 2022, and dropped off LinkedIn's list last year. This year, the company regained a spot in the top five. Founded in 1932, the Oversea-Chinese Banking Corporation is among the country's top three banking giants. This multinational financial firm offers services from commercial banking to wealth management. Almost 20% of its roles are on a hybrid schedule, according to LinkedIn .

Whilst commercial banking dominated the list, the healthcare, pharmaceutical and biomed sector made a strong showing with five companies in the top 15. Pooja Chhabria Head of Editorial APAC and LinkedIn Career Expert

Another sector that is quickly growing in Singapore is health care.

Some of the companies in the health-care sector are featured high up on the list in Singapore:

6. Singlife (a subsidiary of Sumitomo Life Insurance Company) 7. Procter & Gamble 8. BD 9. Abbott 10. Mastercard 11. Takeda 12. Roche 13. S&P Global 14. Alphabet Inc. 15. HSBC

"Interestingly, only six companies from last year retained their placement on this year's list, indicating a significant turnover in featured companies and suggesting that more firms are investing in attracting top talent and helping employees create meaningful careers," Chhabria told CNBC Make It.

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