OCBC CASHFLO MASTERCARD

You are entitled to an Interest Free Auto-Instalment Payment Plan (Auto-IPP) for retail transactions of RM500 and above.

Retail Spending means the amount the Cardmember spends on retails purchases. Table 1 below sets out the transactions which form part of retail spending and which ones are not entitled to the Auto Instalment Payment Plan (Auto-IPP).

Table 1

This is a feature for the OCBC Cashflo Mastercard where: 

1. Purchases from RM500 - RM1,000 are automatically converted to a 3-month Auto-IPP.
2. Purchases that are above RM1,000 will be automatically converted to a 6-month Auto-IPP.

This feature allow Cardmembers to better manage their cash flow by spreading out their payments over a 3 or 6 months period. This is especially good for places that may not offer 0% Instalment Payment Plan upfront, such as luxury retailers.

*The Auto-IPP is interest-free provided the Cardmember fully settles the amount stated in the OCBC Cashflo Mastercard monthly statement, on or before the payment due date. If any amount debited to the Cardmember's account (including but not limited to the Auto-IPP monthly instalment amount) is not paid in full when due, the Cardmember will be charged finance and late payment charges, interest and fees on the outstanding amount at the rates determined by OCBC Bank and subject to the OCBC Cardmember's Agreement.

The Auto-IPP feature is available only for purchases of goods and services and if the minimum spending requirement is met. For example, purchase of a television at an electronic store or purchase of flight tickets, or payment for a dining transaction by using a currently valid OCBC Cashflo Mastercard. Table 2 below sets out the transactions which form part of Auto-IPP and transactions which do not.

Table 2