OCBC FRANK Credit Card Reviews and Comparison - Seedly
 
OCBC FRANK Credit Card
3.1
20 reviews
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Reviews (20)
3.1
Reviews (20)
3.1
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  • Posted 1d ago

    Purchased

    OCBC FRANK Card

    This card is great for students and fresh grads, easy to apply and there are a lot of designs to choose from!
    0 comments
    0
  • Posted 3d ago

    Purchased

    OCBC FRANK Card

    First of all, OCBC has excellent customer service that is worth mentioning/ Customer service was extremely helpful and often able to resolve any queries almost immediately even via phone call. Responsiveness is on point. They are professional in terms of communicating and relatively easy to be contacted via the hotline with the minimal waiting time. Secondly, OCBC cards can obtain instant approval when you apply via MyInfo and can be used immediately. The principal card at S$80 a year (Free for first 2 years). To earn an annual fee waiver for your FRANK Credit Card, you must spend a minimum of at least S$10,000 in one year, starting from the month after your FRANK Credit Card was issued.  Thirdly, highlights of the perks. Get S$50 when you sign up for the FRANK Credit Card via MyInfo and a free 1-night stay at M Social Singapore if you spend a minimum of S$400 within the qualifying period. Rebates designed to reward young adults. 6% online rebate. Up to 5% entertainment rebate. 0.3% rebate on everything else. Cash rebates are capped at S$60. The perks are extremely good for the student. I highly recommended this credit card to all my folks. I almost forgot to mention, FEE waiver (overdue payment) can be easily waived with just a phone call away. Also, there’s a limited-time promotion now. Apply now and get up to S$50 cash rebate. Grab it while the promo lasts.
    0 comments
    0
  • Posted 4d ago

    Purchased

    OCBC FRANK Card

    good rebates for online purchases. great for fresh grads or low spender but you are looking at high rebates then this card is not for you
    0 comments
    0
  • Posted 4d ago

    Purchased

    OCBC FRANK Card

    The OCBC Frank card is relatively simple and more applicable for the younger generation for its credit limit. Not much benefits in comparison to other competitors like UOB etc.
    0 comments
    0
  • Posted 4d ago

    Purchased

    OCBC FRANK Card

    OCBC frank card has one of the highest bonus rebates for online spend. 6% cashback rebate for online spend. It also has a cool 5% cashback rebates for entertainment(movies, clubs and selected cafes like starbucks and coffee ) from friday to sunday. However, the total cashback is capped at $60(relatively low) and to be eligible, you would have to spend $400 in-store. This is the downside to the OCBC Frank card which may be a obstacles to most people. Overall, i would say quite average for this card and you get to choose your own design. If OCBC can remove in-store criteria in the frank card like many years ago, then this card would be very perfect.
    0 comments
    5
  • Posted on 20 Sep 2019
    Great designs on the card faces. Appealing to a younger demographic but there isn't much going for it other than that.
    0 comments
    4
  • Posted on 19 Sep 2019
    Can use as ez link, atm card, credit card. Many many extremely many unique card face to choose from. One of the entry level card for fresh grad.
    0 comments
    0
  • Beside having nice card designs, this card is very much a basic card which suitable for young adults and students profile. Not much perks
    0 comments
    0
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OCBC FRANK Credit Card

Tan Wei Ming
Tan Wei Ming
Level 6. Master
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!

Savings

Bank Account

POSB

OCBC FRANK Credit Card

Junus Eu
Junus Eu
Top Contributor

Top Contributor (Oct)

Level 8. Wizard
Updated on 27 Sep 2019
Having that initiative to take that step is already a good start! But moving on: 1. YES! Definitely get that savings account that gives you higher interest with salary crediting. 2. Since you are just starting and have 0 savings, maybe not the best time to do the minimum spend game if you need to spend extra to spend that minimum spend to hit the higher interest tier. Now on to 3: 3. Start looking up the various investment options - get educated and look to build up your emergency fund, then investment capital. Bank accounts can only get you so far, but yes, it's on the tail end of the risk-reward spectrum. 4. Of course, another way to increase savings is to increase income. As you are just starting, learn as much as you can and grow as an individual.

Bank Account

OCBC 360

OCBC FRANK Credit Card

Kenneth Lou
Kenneth Lou, Co-founder at Seedly
Level 9. God of Wisdom
Answered on 13 Sep 2019
Definitely OCBC 360! On the bank side, they are focusing on the interest tiers to be on this account. FRANK was more for a student or undergraduate segment. The war is always between OCBC360 vs DBS Multiplier vs UOB ONE which caters towards the working adult segment.

OCBC

Bank Account

OCBC FRANK Credit Card

Jay Liu
Jay Liu, Diploma in Accountancy at KHEA
Level 7. Grand Master
Answered on 19 Sep 2018
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 360

CIMB

CIMB FastSaver

Bank Account

OCBC FRANK Credit Card

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 Credit Card
Card NameOCBC FRANK Card
Cashback Rate3-6%
Monthly Cashback Cap$60 per month
Monthly Min Spend$400
HighlightsOnline Shopping

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

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

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.