OCBC FRANK Credit Card Reviews and Comparison - Seedly
 
OCBC FRANK Credit Card
3.3
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3.3
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  • Posted 4h ago

    Purchased

    OCBC FRANK Card

    I have applied and use this Frank Credit Card for more than 5 years, though the rebates, cashbacks and perks have changed through these years, this card is still the best among other credit cards for modern lifestyle usage. [Useful For...] 6% online shopping rebate - this is the best of the best rebate. Nowadays, most of my purchases are from online, from groceries to apparel to electronics. My favourite online malls such as Qoo10, Lazada, Amazon, Zalora, Fairprice Online are all applicable for 6% cashback! 5% from Friday to Sunday, and 3% during the rest of the week for Entertainment & Cafe. Although I do not go to KTV or clubs, but I do go to cafes such as Starbucks and The Coffee Bean & Tea Leaf weekly! Just topup the Starbucks card using the Frank Card for 6% cashback and earns Starbucks points for purchasing! [Cashback Card] Do note that do not spend more than S$1400 on this card as the rebates/cashback are capped at S$60 per month! [Promotions and Perks] Frank Card tied up with several online merchants which grant extra rebates such as as Zalora (15% off) , Lazada (12.1% off) and Expedia ($15 off) which I uses often! Do note that the total $60 cashback monthly capped still applies! [Hidden Terms] A minimum spend of S$400 on in-store transactions on the FRANK Credit Card is required to qualify for additional cash rebates on online purchases and entertainment. This S$400 excludes online transactions. A minimum spend of S$400 is quite a low amount and easy to hit the target, as compared to other bank's credit cards that need a minimum spend of at least S$600-800. I could easily spend at supermarket, restaurants and petrol. [Fee Waivers] Frank Credit Card has similar terms as with other OCBC credit cards. In order to waive of the annual fees, I will need a minimum spend of at least S$10,000 in one year. That is quite ridiculous and considerable amount! The other banks do not have such terms and gladly to waive off the credit card annual fees if you uses their card. Some banks even offered no credit card annual fee for life! [Card Hacks] Shh....there is still a hack to waive off the annual fee without the need of a minimum spend of at least S$10,000 in one year. Just have multiple products across OCBC Group, such as Savings Account, Term Deposits, Easi-Credit account, Home Loans, Unit Trust Account, Securities Account and GE Insurance. I have 5 different OCBC credit cards and their annual fees are all automatically waived annually! [Bill Payment] I paid through my OCBC Savings account or ibanking, so no worries of late payment.
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  • Posted 4h ago

    Purchased

    OCBC FRANK Card

    Owned this card since I was a student, and would recommend especially for the younger folks. Promotions and perks are be quite appealing at times, so do keep a lookout for them when available!
    0 comments
    0
  • Posted 16h ago

    Purchased

    OCBC FRANK Card

    I have been using OCBC Frank credit card for many years. Initially I used it to earn higher interest for my 360 account. After the initial few years, the spending interest was dropped from 1% to only 0.3%. As such now I switch my main credit card to UOB One Card. I am still keeping and using the OCBC Frank credit card though as the $500 spending criteria is more relax than the other banks !
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  • Updated 17h ago

    Purchased

    OCBC FRANK Card

    Though OCBC Frank card don't have much perks compare to the other mainstream cards, however with its low entry of offline spending (at least $400), in comparison to a high $800 min spend card, it can be a relatively useful card. It is best coupled with the OCBC 365 savings account to maximise the cashback component for the account (meeting $500 CC spend) and on top, you get the Frank's card cashback rebate. Good for low-spenders.
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  • Posted 4d 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!
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  • Posted 6d 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.
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  • Posted 1w 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
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  • Posted 1w 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
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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!

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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.

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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.