In a media briefing, OCBC has announced changes to its flagship cashback card, OCBC 365, with a higher cashback of 6% on groceries, transport and dining, as well as a simplified minimum spend structure. However, remember when I mentioned something is changing for cards supporting utilities? The card’s cashback on telco, utilities, EV charging and streaming will be reduced to the card’s base rate of just 0.25%. The changes will kick in from 1st November 2026. Groceries and transport cashback doubled to 6% The biggest improvement is to groceries, SimplyGo, and cabs/ride-hailing, which currently earn 3% cashback. From 1st November 2026, these categories will earn 6% cashback for cardholders that hit the S$800 minimum monthly spend, effectively doubling the existing rate. Dining cashback increases to 6%, now includes 5814 Cashback on dining will also be increased from 5% to 6% cashback, making it more competitive with other cards in this category. Importantly, OCBC will also broaden the dining category to include fast-food establishments, allowing...