How OCBC NXT works
When you spend on your credit card, you usually have a month or so to pay off what you owe...In a world where credit cards are judged largely by their cashback percentages or mile per dollar earn rate, OCBC NXT offers a dramatically different value proposition. Instead of giving you high upfront rewards, OCBC NXT stretches your payment over 3, 6, or 12 months depending on your spending. The card’s old name included “CashFlo” (indeed with the “w”) which is perhaps a much better description of what the card helps you achieve – better cashflow on your expenses. Cashflow is king particularly when interest rates are high, and we are indeed in a relatively high interest rate environment. This card does have a few compelling use cases given the rates we can get from bank deposits these days.
