OCBC refuses to waive annual fees

[laksaboy]

Good good... negative publicity.

Frankly, banks shouldn't be so arrogant... many other banks are pulling customers now e.g. ANZ.

 

[johnny333]

I've got an OCBC credit card & every year I have to call them to get a fee waiver. Actually I originally had a Robinson card & the card was converted into a OCBC credit card. From what I understand if you send $X dollars each year the fee is automatically waived.

I have a few credit cards & prefer to limit to using just 1 card because it is easier to keep track of my bills. If I use more than one card it would be a pain because I would have to visit so many banks to make my monthly payments.

I dislike OCBC because of the treatment I received when I had a housing loan with them. They are a terrible bank. Fortunately I don't bank with them anymore & if they refuse to waive the fees I would be happy to cancel my card

 

[xebay11]

I always tell them that I would not be paying the annual fees. First time they refused, I immediately asked to terminate all my cards and the bank backed down. Since then, I never once paid the annual fees. I also do not pay the interest and finance charges for late payment. Sometimes this happens when I am busy and forget to settle the bill on time. Usually, those charges are waived too.

Is lying part of your character?

 

[Pek Kim Lui]

Dear all,
Just spoke to OCBC to waive my annual fees but they refuse. they say you have to spend $5k per card (not per account) than they will waive the af of $192. I spent about $4k this year on my name but they still refuse. Do make a check if you are holding their cards and if this is true, please cancel all your cards with them as in this age and time most banks don't charge af anymore.I cancelled all my 3 cards today on the spot.

They earned super profit last fiscal closing so now walking w nose in the air
Fuck them..... you did right by cancelling all their cards: I will close all my accts incl FDs

 

[Pek Kim Lui]

According to what I know, you can't speak to the service staff for waiver. The automated system will insist that you submit your waiver request via the system, and that it's supposed to be the only way you can apply for waiver.

Maybe the staff who attended to your call is a Ah Neh who knows fuck about waiver. The Ah Neh could be in India.

OCBC gone case leow w ah nehs in their HQ n branches!!!

 

[Pek Kim Lui]

ocbc sucks big time! ...

me closed all my a/c wif dem loong time ago! ...

14 yrs ago they sold me unit trusts worth 100k and I am still bleeding red.... unit trust supposed to make money in the long run. Apparently OCBC only interested in making commission upfront!!!!!!!!!!!! You die your biz

 

[johnny333]

14 yrs ago they sold me unit trusts worth 100k and I am still bleeding red.... unit trust supposed to make money in the long run. Apparently OCBC only interested in making commission upfront!!!!!!!!!!!! You die your biz

Investing in unit trusts are a bad idea. The only unit trust investments I now have are my CPF investment account. All of them made losses. Since I can't take it out I just leave them alone.

Better to invest in equities which pay a dividend. If you are invested in unit trusts you do not get the dividend & when you sell, there will be a delay of a few days. So you don't know if you are selling at a lost or a gain.

 

[laksaboy]

Investing in unit trusts are a bad idea. The only unit trust investments I now have are my CPF investment account. All of them made losses. Since I can't take it out I just leave them alone.

Better to invest in equities which pay a dividend. If you are invested in unit trusts you do not get the dividend & when you sell, there will be a delay of a few days. So you don't know if you are selling at a lost or a gain.

If unit trusts were so good, then why aren't those people selling you actually investing in them?

Obviously, the sales commission is better.

 

[skyfall]

just use CASH.
CASH is KING.
Credit cards will turn your life upside down!!
don't end up a BANKRUPT like me.

 

[Gotze]

Dear all,
Just spoke to OCBC to waive my annual fees but they refuse. they say you have to spend $5k per card (not per account) than they will waive the af of $192. I spent about $4k this year on my name but they still refuse. Do make a check if you are holding their cards and if this is true, please cancel all your cards with them as in this age and time most banks don't charge af anymore.I cancelled all my 3 cards today on the spot.

You certainly know what you want in life.

 

[soIsee]

If unit trusts were so good, then why aren't those people selling you actually investing in them?

Obviously, the sales commission is better.

I had to tell retards along the same lines in regard to those who went to get LASER eye operation.

If laser op would solve all your supposed eye short sighted problems, why would the surgeon doing the operation opt to still wear spectecles.! LoL

 

[Pek Kim Lui]

Investing in unit trusts are a bad idea. The only unit trust investments I now have are my CPF investment account. All of them made losses. Since I can't take it out I just leave them alone.

Better to invest in equities which pay a dividend. If you are invested in unit trusts you do not get the dividend & when you sell, there will be a delay of a few days. So you don't know if you are selling at a lost or a gain.

at one time govt pushed CPF approved unit trust & SPH sang praise of it..... banks which shud be confined to banking jumped onto the bandwagon making quick buck commissions out of it.Come to think of it, it was really a scum.
After 10 yrs of bleeding, they pushed my investment into a non-CPF approved unit trust as the origin on closed shop.... again commissions were earned from me plus throwing a rookie into deep waters! Crooks!
When I complained to CEO who delegated the matter to his Goebble I was encourage to complain to an "independent" organisation which obviously on the bank and ABS side and will grind me to dust or just tire me out.

See how I got scammed?

 

[nayr69sg]

I've got an OCBC credit card & every year I have to call them to get a fee waiver. Actually I originally had a Robinson card & the card was converted into a OCBC credit card. From what I understand if you send $X dollars each year the fee is automatically waived.

I have a few credit cards & prefer to limit to using just 1 card because it is easier to keep track of my bills. If I use more than one card it would be a pain because I would have to visit so many banks to make my monthly payments.

I dislike OCBC because of the treatment I received when I had a housing loan with them. They are a terrible bank. Fortunately I don't bank with them anymore & if they refuse to waive the fees I would be happy to cancel my card

Hey Bro you still around?

Long time no hear from you.

 

[Scrooball (clone)]

They did that with me once with my old Robinson’s card which as we know is now defunct. I fucked them proper, canceled my card. Then applied again to use only for Robinson’s purchases. Haha

 

[Scrooball (clone)]

14 yrs ago they sold me unit trusts worth 100k and I am still bleeding red.... unit trust supposed to make money in the long run. Apparently OCBC only interested in making commission upfront!!!!!!!!!!!! You die your biz

U bought unit trust? Upfront they charge u approximately 5% fee. So if u have $100 capital, u are only investing $95. It’s likely that in your first year u won’t even break even. Lol… and not to forget some unit trusts have performance fees and annual fees. Good luck investing in this shit.

 

[sweetiepie]

Hey Bro you still around?

Long time no hear from you.

KNN bro Johnny most likelee no longer around KNN he was already very old and not in good health back in 2015 KNN

 

[winners]

KNN bro Johnny most likelee no longer around KNN he was already very old and not in good health back in 2015 KNN

My thoughts exactly. Probably up lorry by now. I used to have some disagreements on political issues with him previously.

 

[nayr69sg]

My thoughts exactly. Probably up lorry by now. I used to have some disagreements on political issues with him previously.

Wish he would come back. Miss him.

 

[winners]

Wish he would come back. Miss him.

Brother, it's 1am now in Canada and you're still awake?

 

[bushtucker]

Ocbc never had any great benefits or loyalty rewards offered for their credit cards anyway. Good riddance to them. However they have been very competitive lately with home loans.