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.
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!
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!
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.
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!
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!
I paid through my OCBC Savings account or ibanking, so no worries of late payment.