OCBC FRANK Card Reviews and Comparison - Seedly
OCBC FRANK Card
2.8
11 reviews
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Reviews (11)
2.8
Reviews (11)
2.8
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  • Only good for student, as is free and won’t require for minimum deposit. Once you start work already you will find there are a lot more better account in the market that give higher returns.
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  • It is good for student but has age limitation, so my friends cannot apply for it. It is a bit frustrated, so he chose DBS
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  • Posted on 05 Jul 2019
    FRANK credit card: the rebates of 6%, 5% are attractive w relatively lower min spending of $400. but the S$400 has to be in-store spending FRANK Credit Card (excluding Online, EZ-Link Top-ups and Transit Link related transaction). Then it becomes very sian because most shopping and deals are online but have to find somewhere to spend $400 to get the higher rewards of online spending.
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  • Updated on 01 Jul 2019
    Lousy rebates recently but I still use this card because I like the designs haha it is an ok card for students (with low volume of purchases) to get and use since atms are readily accessible. If you encounter fraudulent charges, the bank is quick to freeze the transactions and your card + inform you :)
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  • Updated on 13 Jun 2018
    this is a good card for students, but there are better ones out there when you start working. Hence, get it when you are a student, and then just ignore it once you have better options
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  • Updated on 09 Jun 2018
    Got this card free a few years back as a student because it was fun. shortly after i graduated, this card lost it's appeal and easily replaced by most other cards in the market.
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  • Updated on 31 May 2018
    Got this card free a few years back as a student because it was fun and customisable but that was it, rebates were not that great. Could easily be replaced with another card nowadays.
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  • Updated on 23 May 2018
    OCBC FRANK card WAS one of the best cards in the market for the millennial. However, after they changed their rebate conditions it became a very lousy card. It was fun and interesting to customize the card at first, but that is not enough for me to retain the card, especially with DBS Live Fresh coming into the picture. All the promotions done for this card (i.e. Movie Tickets for every Frank card sign up vs. $20/$100 cash credit for DBS Live Fresh) became lousy or even simply just stopped. Don't bother wasting your time with this card
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Bank Account

OCBC FRANK Card

OCBC 360

Jacqueline Yan
Jacqueline Yan

()

Level 4. Prodigy
Updated 5d ago
OCBC 360! I was on Frank previously and it was pretty useful in helping me save money with the saving goals feature. Switched to OCBC 360 for the bonus interest rates, also because I got a credit card. Even if you don't have CC with OCBC 360, having money going in monthly gives you bonus interest. And since you won't be spending money on that account, you'll definitely be able to unlock another bonus interest by having your balance increase by at least $500 from the previous month. The saving goals features are available in 360 too so it's pretty helpful!

Investments

Blue Chips

OCBC FRANK Card

Stocks

Tan Wei Ming
Tan Wei Ming

()

Level 5. Genius
Updated on 07 Jun 2019
OCBC Monthly Investment plan is too expensive for someone who wants to invest $100 a month. $5 out of $100 is alr 5% cost. That's too expensive! Besides POSB InvestSaver, the other monthly investment plan that I will recommend is Maybank Kim Eng monthly investment plan. Do take a look!

OCBC

OCBC FRANK Card

Bank Account

Cimb fastsaver need a min 1k in the account for the 1% interest btw. Since you might have accumulated a sum of money in the SAYE, why not put it in SSB or FD if you have sufficient enough for placements?

OCBC

OCBC FRANK Card

OCBC 360

CIMB

CIMB FastSaver

Bank Account

Tan YB
Tan YB

()

Level 3. Wonderkid
Answered on 10 Jun 2018
If there is salary going in, suggest ocbc 360. And to use cimb only if you reach the ocbc $70k limit for bonus interest / if you don't Wana put more than $50k in one bank. Can use ocbc 360 for monthly bills as well to earn higher bonus interest
About OCBC FRANK Card
Card NameOCBC FRANK Card
Cashback Rate3-6%
Monthly Cashback Cap$60 per month
Monthly Min Spend$400
HighlightsOnline Shopping

Fees and Charges for Frank by OCBC Card

  • Annual Principle Fee: $80
  • Annual Supplementary Card fee: $40
  • Fee waiver: Fee waivered for the first 2 years
  • Interest-Free Period: 23 days
  • Annual Interest Rate: 26.88%
  • Minimum monthly payment: 3% or $50, whichever is higher
  • Late payment charge: $100
  • Cash advance fee: 6% or $15

Eligibility for Frank by OCBC Card

  • Aged 21 and above
  • Singaporeans and PR; Minimum annual income of  $30,000
  • Foreigners; Minimum annual income of $45,000

Key features of Frank by OCBC Card

  • 6% rebate on online shopping
  • Up to 5% cash rebates on cafes, cinemas bars and entertainment
  • 0.3% cash rebates on all other types of spending
  • 2 years fee waiver for principal card, subsequent years waived with a minimum spend of $10,000 in one year, starting from the month after your FRANK credit card was issued.

 

Terms and conditions of Frank by OCBC Card

  • Transactions not eligible for cash rebate include: charitable/religious organisation donations, cleaning, maintenance and janitorial services, real estate agents and bank fees. For the full list and specific conditions, please refer to Frank by OCBC’s T&Cs.
  • To be eligible for cash rebates, cardmembers must spend a minimum of $400 worth of Visa offline transactions on the card in a calendar month.
  • Monthly cash rebates are capped at $60.
  • Please visit the full T&Cs here.

 

For more info, you can check out Frank by OCBC’s page.