The collaboration between OCBC Bank and Great Eastern insurance provider resulted in the birth of Great Eastern Platinum MasterCard. This card aims to bring the best of both worlds – credit card and insurance – to its cardholders.
No Annual Fee for a Lifetime
Imagine having an insurance policy that covers you for a lifetime without having to pay for a premium. Anyone above 21 years old with an annual income of RM24,000 can afford to sign up for OCBC Great Eastern Platinum MasterCard.
But beforehand, you need to hold, at least, a valid insurance policy with GE Life to qualify for this credit card. You can issue a supplementary credit card to family members at zero annual cost as well, provided that they meet the minimum age required.
Complimentary Insurance Coverage
When combining an insurance with a credit card, the person holding the card should benefit the most from this deal.
With OCBC Great Eastern Platinum MasterCard, you can cut spending on other insurance products such as personal accident as you will be covered with death and total permanent disability coverage.
The cherry on top is, the RM100,000-worth of insurance coverage is complimentary for the first year, without having to swipe or reach a minimum spending limit.
To continue enjoying this coverage, you will need to spend RM10,000 and above on total retail spending for the following years. This insurance coverage, however, only insures the principal cardholder of this credit card.
Auto Debit and Auto-IPP
Kick the habit of forgetting to pay for your GE Life insurance premium with a 0% Instalment Payment Plan. This extra feature allows you to charge your insurance premium payment to your credit card and repay them over a 12-month Auto-IPP.
The minimum single transaction amount you can convert is RM2,200, which will be deducted via Auto Debit. Bear in mind that when using an Auto-IPP feature, your credit limit will be reduced by a portion of your Auto-IPP.
Also, if you fail to repay your instalment in full, you could incur a finance charge, which mean no more 0% interest on the outstanding balance.
Live Great Privileges
As a Great Eastern insurance policyholder, you get to benefit from the many perks under the Live Great Privileges, ranging from health and wellness programs to workshops and events, as well as mobile apps.
Double the rewards when you own an OCBC Great Eastern Platinum MasterCard as you will be entitled to great discounts and savings on fitness and health activities with Live Great Partners.
With the holidays around the corner, it is common to find yourself rushed for time because of the countless number of events and outings to plan.
Don't worry, OCBC has a 24-hour concierge service for all your booking needs and queries whether for travel or booking a concert at the local amphitheater. All your needs can be fulfilled within reach at 1800 80 6429.