Saving & Spending
Shopee Pay is now excluded from OCBC credit card rewards
By Singapore's Budget Babe  •  April 1, 2021
OCBC recently updated their terms and conditions for their credit cards - cardmembers you may want to take note of these new exclusions as the changes kick in starting today, 1 April 2021. In summary, OCBC has added 6 new Merchant Category Codes (MCCs) to its MCC exclusion list. For those of you who are unfamiliar with the term, it simply refers to the code that your payment transactions are categorized under, in order for the credit card issuer or bank to give you the reward points / cashback / miles associated with that type of spend. For those of you who shop frequently on Shopee, take note that using Shopee Pay (which gives you extra coins on Shopee) will no longer give you any credit card rewards. On the other hand, Shopee transactions that are paid directly via your credit card should continue to generally net you rewards across most cards since it falls under MCC 5331....
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By Singapore's Budget Babe
Budget Babe is an ordinary lady striving to achieve financial freedom in Singapore before the age of 45. She is always looking for cost-effective ways to live a fulfilling life in amidst Singapore's rising costs, and writes in order to empower fellow Singaporeans on taking charge of their own lives and finances. The final goal is to eventually break free from the competitive rat race. Will I meet you there? ...
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