OCBC Rewards Card Milestone: 6 Months of Exclusive Rewards

OCBC has extended the 6 miles per dollar (mpd) earn rate for its Rewards Card for transactions at Shopee, Lazada, and Watsons, according to reporting from The MileLion on July 1, 2026. This earn rate applies to a specific set of merchants and remains subject to the card’s monthly spending caps on bonus rewards.

The extension maintains a high earn rate for online marketplaces and health and beauty retailers, categories that frequently see fluctuating reward rates across Singaporean credit cards. The 6 mpd rate is a combination of the card’s base earn rate and a promotional bonus.

Which merchants qualify for the 6 mpd rate?

The 6 mpd earn rate applies to expenditures at Shopee, Lazada, and Watsons, The MileLion reported. These merchants are part of a broader list of qualifying spend categories that OCBC has highlighted for the Rewards Card’s accelerated miles program.

The earn rate is designed to incentivize spending at high-volume e-commerce platforms and essential retail outlets. According to the reporting, the extension ensures that users can continue to accumulate miles at this accelerated pace for these specific vendors.

How does the OCBC Rewards Card bonus work?

The OCBC Rewards Card typically operates on a base earn rate, with additional bonus points awarded for spending in eligible categories. To reach the 6 mpd threshold, the card awards a base rate plus a 5 mpd bonus for qualifying transactions.

This bonus is not unlimited. The earn rate is capped based on a maximum monthly spend. According to standard OCBC Rewards Card terms, bonus miles are typically capped at a spend of $1,000 per calendar month. Spending beyond this limit earns the base reward rate.

Users must convert their accumulated reward points into miles to realize the 6 mpd value. The efficiency of this conversion depends on the card’s current points-to-miles ratio.

How does this compare to other miles cards?

The 6 mpd rate positions the OCBC Rewards Card above many of its competitors in the Singapore market. Most “accelerated” miles cards, such as those from DBS or UOB, typically offer a maximum of 4 mpd for specific categories or online spend.

By offering 6 mpd, OCBC provides a 50% higher earn rate than the 4 mpd industry standard for these categories. This makes the card more aggressive in capturing spend from users who prioritize rapid miles accumulation over other rewards like cashback.

However, the effectiveness of the card is tied to the $1,000 monthly cap. Users who spend significantly more than $1,000 per month on Shopee or Lazada may find that their average earn rate drops as the bonus cap is reached, requiring them to rotate spend across multiple cards to maintain high efficiency.

What are the implications for consumers?

The extension of this rate allows cardholders to maintain their current spending strategies without shifting to alternative cards for their e-commerce and pharmacy needs. It reduces the need for “card churning” for those whose monthly spend falls within the $1,000 bonus window.

Consumers using the card for Watsons, Shopee, and Lazada will continue to see an accelerated build-up of miles, which can be transferred to various airline loyalty programs. The MileLion notes that the ability to earn 6 mpd on these specific, high-frequency merchants is a significant advantage for the OCBC Rewards Card in a competitive credit landscape.