If you’re a young adult in Singapore looking for a credit card that offers great rewards without requiring a high-spend budget, the OCBC FRANK Credit Card might be the perfect fit for you. This credit card is designed to cater to the needs of young adults who are always on the go and want to earn cashback on their daily expenses.
With the OCBC FRANK Credit Card, you can enjoy up to 6% rebate on online, mobile contactless, and FX spend. This makes it an excellent card for those who frequently shop online or use mobile payment methods. Additionally, if you spend at least S$10,000 annually, you can enjoy a fee waiver. However, do note that there is a capped cashback of S$75 and a 0.3% rebate on general purchases.
In this article, we will be giving you a quick review of the OCBC FRANK Credit Card in Singapore. We will be discussing the eligibility requirements, fees and charges, cashback and other benefits, how it compares to other cards, and how to maximize your cashback. So, if you’re interested in learning more about this credit card, keep reading!
2 Min Read
Looking for a credit card in Singapore that rewards your everyday spending without requiring a high budget? The OCBC FRANK Credit Card might be the perfect fit for you! This card is designed for young adults who enjoy online shopping, mobile payments, and foreign currency transactions. Here’s a quick overview:
Key Features:
- Up to 6% cashback on online, mobile contactless, and FX spending (capped at S$75 monthly)
- 0.3% cashback on other purchases
- Exciting rewards program with points redeemable for various options
- Mobile contactless payments through Apple Pay, Samsung Pay, Google Pay
- Exclusive discounts and deals with select merchants
- Eco-friendly initiatives and green merchant rewards
- Customizable card design
Eligibility:
- Minimum age: 21 years old
- Minimum annual income: S$30,000 (Singaporeans/PR), S$45,000 (foreigners)
- Good credit score
Annual Fee:
- S$80, waived for the first two years and with subsequent S$10,000 annual spending
Overall:
The OCBC FRANK Credit Card is a great option for young adults in Singapore looking for a rewarding and versatile credit card. With its cashback rates, exclusive deals, and unique features, it can help you save money and enjoy your everyday spending.
Still unsure? The OCBC website has all the details and lets you compare it to other cards to see if it’s the right fit for you.
OCBC FRANK Credit Card Overview
If you’re looking for a credit card that offers great rewards, then the OCBC FRANK Credit Card is definitely worth considering. This card is designed to cater to the needs of young adults who want to earn rewards without having to spend too much. Here’s what you need to know about the OCBC FRANK Credit Card.
Product Summary
The OCBC FRANK Credit Card is a cashback credit card that offers up to 10% cashback on online, mobile contactless, and foreign currency spending. With this card, you can earn 6% cashback on online purchases, 6% on mobile contactless spend, and 6% on FX transactions. In addition, you can earn 8% cashback on foreign currency transactions and online/contactless mobile transactions in SGD.
The card also comes with a range of other benefits, including discounts on dining, entertainment, and travel. Plus, you can enjoy exclusive privileges when you shop at selected merchants.
OCBC Frank Card Design
One of the unique features of the OCBC FRANK Credit Card is its design. The card is designed to reflect your personality and style, with a range of designs to choose from. You can choose from a range of designs, including animals, food, and travel, to create a card that truly reflects your personality.
The card is also available in three different colours, including blue, pink, and orange. So, whether you’re looking for a card that’s fun and playful or one that’s sleek and sophisticated, the OCBC FRANK Credit Card has got you covered.
Applying for the OCBC FRANK Card
If you’re a student or young adult looking for a credit card with exciting rewards and cashback offers, the OCBC FRANK Card is an excellent option for you. Here’s how you can apply for the card.
Eligibility
To apply for the OCBC FRANK Card, you must meet the following eligibility criteria:
- You must be at least 21 years old
- You must have a minimum annual income of S$30,000 for Singaporeans and Permanent Residents, and S$45,000 for foreigners
- You must have a good credit score
Application Process
The application process for the OCBC FRANK Card is easy and straightforward. You can apply for the card online or visit any OCBC branch to submit your application in person.
To apply online, follow these simple steps:
- Visit the OCBC FRANK Card page
- Click on the “Apply Now” button
- Fill in your personal and financial details
- Submit your application
If you’re eligible for the card, you’ll receive a notification of approval within a few minutes. You can also check the status of your application online.
Once your application is approved, you’ll receive your new OCBC FRANK Card within 7-10 business days. The card comes with a credit limit of up to four times your monthly income, so you can use it to make purchases or withdraw cash as per your needs.
Tip
Excited to start maximizing your OCBC FRANK Card benefits? Here’s a pro tip for you: Keep an eye out for exclusive promotions and deals available to cardholders! OCBC frequently offers exciting perks like discounts on dining, shopping, and entertainment.
Make sure to regularly check your email or the OCBC mobile app for the latest updates on these fantastic offers. Additionally, don’t forget to track your spending with the card to earn bonus rewards and cashback.
Rewards and Cashback
If you’re looking for a credit card that rewards you for your spending, the OCBC FRANK Credit Card is a great option. This card offers a range of cashback and rewards benefits, making it an excellent choice for anyone looking to maximise their rewards.
Cashback Details
The OCBC FRANK Credit Card offers up to 10% cashback on online, mobile contactless, and foreign currency spending, with a cashback cap of S$75 per month. However, the cashback is split into three different subcategories, so monitoring your spending could be a hassle. The cashback rate for each category is as follows:
- 6% cashback for online spending
- 6% cashback for mobile contactless payments
- 6% cashback for foreign currency spending
The biggest drawback of this card is the cashback cap of S$25 per category. That means you can get 6% cashback on a maximum of S$416.67 worth of online spending, mobile payments, or foreign currency spending.
Rewards Programme
Apart from cashback, the OCBC FRANK Credit Card also offers a rewards programme. You can earn 1 OCBC$ for every S$1 spent on eligible transactions. You can then redeem your OCBC$ for a range of rewards, including vouchers, merchandise, and air miles.
The rewards rates for this card are as follows:
- 1 OCBC$ for every S$1 spent on eligible transactions
- 1.2 miles for every S$1 spent on eligible transactions overseas
- 3 miles for every S$1 spent on eligible transactions with selected merchants
The rewards cap for this card is S$1,000 per month, which should be more than enough for most people.
Contactless Payment Features
If you’re someone who prefers contactless payment options, you’ll be pleased to know that the OCBC FRANK Credit Card offers mobile contactless payments through popular platforms such as Apple Pay, Samsung Pay, and Google Pay. This means that you can simply use your smartphone to make payments at merchants that accept contactless payments.
Mobile Contactless Payments
With the OCBC FRANK Credit Card, you can use Apple Pay, Samsung Pay, and Google Pay to make mobile contactless payments. Simply add your card to your mobile wallet and you’re good to go. This feature is especially useful if you prefer to travel light and don’t want to carry your physical credit card around with you.
Contactless Payment Technology
The OCBC FRANK Credit Card uses Visa contactless spend technology, which allows you to make payments by simply tapping your card on a contactless payment terminal. This feature is especially useful for small transactions, as you don’t need to enter your PIN for transactions under £30.
Overall, the OCBC FRANK Credit Card offers a range of contactless payment options that make it easy and convenient to make payments on the go. Whether you prefer mobile contactless payments or traditional contactless payments, the OCBC FRANK Credit Card has got you covered.
Online Shopping Benefits
Are you someone who loves to shop online? If so, the OCBC FRANK Credit Card is the perfect card for you! With this card, you can enjoy amazing rewards and exclusive online offers that will make your online shopping experience even more exciting.
Online Spending Rewards
When you use your OCBC FRANK Credit Card for online purchases, you can earn up to 6% cashback! That’s right, you can get cashback on everything from shopping on Shopee to buying items on Taobao. Plus, if you’re someone who frequently uses Grab rides, you can also earn cashback on those transactions.
With the OCBC FRANK Credit Card, you can earn up to S$75 cashback per month. So, the more you spend online, the more cashback you can earn. It’s that simple!
Exclusive Online Offers
In addition to earning cashback on your online purchases, the OCBC FRANK Credit Card also offers exclusive online deals and promotions. For example, you can enjoy discounts on your favourite online stores, such as Lazada and Zalora. You can also get special deals on travel bookings and hotel stays when you book online.
So, not only can you earn cashback on your online purchases, but you can also save money with exclusive online offers. It’s a win-win situation!
Sustainable and Eco-Friendly Spending
Are you passionate about sustainable and eco-friendly spending? Then the OCBC FRANK Credit Card is the perfect card for you. With its eco-friendly initiatives and green merchant rewards, you can make a positive impact on the environment while enjoying the benefits of a credit card.
Eco-Friendly Initiatives
The OCBC FRANK Credit Card offers a range of eco-friendly initiatives to help you reduce your carbon footprint. For instance, you can opt for e-statements instead of paper statements, which will help to reduce paper waste. In addition, you can donate your FRANK$ rewards to environmental causes, such as The Sustainability Project, which supports sustainable living in Singapore.
Green Merchant Rewards
With the OCBC FRANK Credit Card, you can earn rewards when you shop at selected green merchants. For example, you can earn up to 5% cashback when you shop at Scoop Wholefoods, which offers a range of eco-friendly and sustainable products.
You can also earn up to 10% cashback when you shop at Little Farms, which sells organic and sustainable produce. Furthermore, you can earn up to 5% cashback when you shop at Minimakers, which offers a range of eco-friendly and sustainable products for your home.
The OCBC FRANK Credit Card also offers rewards when you shop at other green merchants, such as The Sustainability Project and The Green Collective SG. With these rewards, you can make a positive impact on the environment while enjoying the benefits of a credit card.
Additional Perks and Offers
The OCBC FRANK Credit Card is not just about cashback rewards. It also offers a range of additional perks and benefits, making it a great all-round credit card for your everyday needs. Here are some of the additional perks and offers you can enjoy with the OCBC FRANK Credit Card:
Dining and Entertainment
With the OCBC FRANK Credit Card, you can enjoy up to 15% off at selected dining establishments in Singapore. Whether you are looking for a fine dining experience or a casual meal with friends, the OCBC FRANK Credit Card has got you covered. You can also enjoy discounts on movie tickets and other entertainment activities when you use your OCBC FRANK Credit Card to make your bookings.
Transport and Travel
If you are a frequent traveller, you will appreciate the transport and travel perks that come with the OCBC FRANK Credit Card. You can enjoy up to 6% cashback on your foreign currency spend, and up to 3% cashback on your local transport spend when you use your OCBC FRANK Credit Card. You can also enjoy discounts on car rentals and other travel-related expenses when you use your OCBC FRANK Credit Card to make your bookings.
When it comes to local transport, the OCBC FRANK Credit Card is also compatible with SimplyGo, which means you can use your card to pay for your bus and train rides without the need for an EZ-Link card. This is a convenient feature that saves you the hassle of topping up your EZ-Link card.
In addition, if you are a BlueSG subscriber, you can enjoy up to 10% cashback on your BlueSG charges when you use your OCBC FRANK Credit Card to make your payments. This is a great way to save money on your daily travel expenses.
Fees and Charges
Are you wondering about the fees and charges associated with the OCBC FRANK Credit Card? Here’s a quick rundown of what you can expect.
Annual Fee Information
The OCBC FRANK Credit Card comes with an annual fee of S$80. However, this fee is waived for the first two years. After that, you can still get the annual fee waived if you spend at least S$10,000 in a year. If you’re a student, you can enjoy a waiver of the annual fee.
Other Fees and Charges
In addition to the annual fee, there are other fees and charges associated with the OCBC FRANK Credit Card. Here’s a list of the most common ones:
- Late Payment Charge: If you don’t make your minimum payment by the due date, you’ll be charged a late payment fee of S$100.
- Foreign Currency Transaction Fee: If you make a purchase in a foreign currency, you’ll be charged a fee of 2.8% of the transaction amount.
- Automatic Annual Fee Waiver: If you meet the spending requirements, the annual fee will be waived automatically.
- Discounts: Depending on the promotions available at the time, you may be able to enjoy discounts on the annual fee or other charges.
- Interest Rate: The interest rate for the OCBC FRANK Credit Card is 26.88% per annum.
- Overlimit Fee: If you exceed your credit limit, you’ll be charged a fee of S$40.
- Cash Advance Fee: If you withdraw cash using your credit card, you’ll be charged a fee of 6% of the amount withdrawn.
- Currency Conversion Fee: If you make a purchase in a currency other than Singapore dollars, you’ll be charged a fee of 1.8% of the transaction amount.
Spending Caps and Limitations
Monthly Cashback Cap
With the OCBC FRANK Credit Card, there is a monthly cap on the amount of cashback you can earn. As of 2024, the monthly cap is S$75. This means that you can earn a maximum of S$75 in cashback per month, regardless of how much you spend on your card. It’s important to note that the cashback is split into different categories, so you can earn up to S$25 in cashback per category.
Exclusions and Spend Categories
While the OCBC FRANK Credit Card offers great rewards, there are some exclusions and spend categories that you should be aware of. For example, the cashback is not applicable to EZ-Link top-ups, and offline spending. Additionally, the cashback is split into three different categories: online spending, mobile contactless payments, and foreign currency spending. Each category has a cashback cap of S$25.
It’s important to keep in mind that the cashback is not unlimited and there are certain limitations to what you can earn. However, with the right spending strategy, you can maximise your cashback and enjoy the rewards that come with the OCBC FRANK Credit Card.
Comparison with Other Credit Cards
If you’re looking for a credit card that offers great rewards and benefits, you might be wondering how the OCBC FRANK Credit Card stacks up against other popular credit cards in the market. Here’s a quick comparison of the OCBC FRANK Credit Card with some of its closest competitors.
OCBC FRANK vs DBS Live Fresh Card
The DBS Live Fresh Card is a popular credit card that offers cashback on online shopping, dining, and entertainment. While the OCBC FRANK Credit Card also offers cashback on online shopping and dining, it stands out with its unique design and customisable card face. With the OCBC FRANK Credit Card, you can choose from a range of designs or even create your own card face.
OCBC FRANK vs UOB EVOL Card
The UOB EVOL Card is another credit card that offers cashback on online shopping and dining. However, the OCBC FRANK Credit Card offers higher cashback rates on these categories, with up to 6% cashback on online shopping and up to 5% cashback on dining. Additionally, the OCBC FRANK Credit Card offers cashback on other categories such as groceries, transport, and utilities.
OCBC FRANK vs HSBC Revolution Card
The HSBC Revolution Card is a popular credit card that offers rewards points on dining, entertainment, and online transactions. While the OCBC FRANK Credit Card also offers rewards points on these categories, it offers higher cashback rates on online shopping and dining. Additionally, the OCBC FRANK Credit Card offers unique benefits such as customisable card face and mobile payments.
OCBC FRANK vs Citi SMRT Card
The Citi SMRT Card is a credit card that offers cashback on groceries, online shopping, and transport. While the OCBC FRANK Credit Card also offers cashback on these categories, it offers higher cashback rates on online shopping and dining. Additionally, the OCBC FRANK Credit Card offers unique benefits such as customisable card face and mobile payments.
Managing Your OCBC FRANK Account
As a proud owner of an OCBC FRANK Credit Card, managing your account is easy and convenient. Here are some tips to help you manage your account like a pro.
OCBC Mobile Banking App
The OCBC Mobile Banking App is a great tool for managing your FRANK account on the go. With the app, you can check your account balance, view transactions, pay bills, transfer funds, and even apply for a credit limit increase. You can also use the app to replace your lost or damaged card, and to set up alerts for your account activity.
Payment Options and Flexibility
OCBC FRANK Credit Card offers you flexibility when it comes to payment options. You can make your payments through various channels, including internet banking, mobile banking, AXS stations, and SAM machines. You can also set up a GIRO arrangement to ensure that your minimum monthly payment is deducted automatically from your account.
Additionally, the FRANK Credit Card offers you great cashback rewards on your everyday purchases, including fast food, ASOS, and Starbucks. So, you can enjoy your favourite things while earning cashback at the same time.
Frequently Asked Questions
What fabulous perks can I expect with the OCBC FRANK Credit Card?
With the OCBC FRANK Credit Card, you can expect to earn up to 6% cashback on online purchases, mobile contactless spend, and FX transactions. You can also earn 0.3% cashback on other eligible spends. Additionally, you can enjoy exclusive discounts and promotions at selected merchants, such as Zalora and Lazada.
How does the OCBC FRANK Credit Card stack up against the OCBC 365 Card?
The OCBC FRANK Credit Card is a great choice for those who frequently make online purchases and mobile payments. On the other hand, the OCBC 365 Card is better suited for those who spend more on daily essentials such as groceries and dining out. It offers up to 6% cashback on dining, 3% cashback on groceries, and 3% cashback on recurring bills.
What’s the minimum amount I need to spend to reap the rewards of the FRANK Credit Card?
To enjoy the cashback rewards of the OCBC FRANK Credit Card, you need to spend a minimum of S$800 based on posted transactions in a calendar month.
Could you enlighten me on the time it typically takes to receive my shiny new FRANK Credit Card?
Once your application for the OCBC FRANK Credit Card is approved, it typically takes 7 to 10 working days for the card to be delivered to your registered address.
Is there a splendid alternative to the OCBC FRANK Credit Card that I should consider?
If you’re looking for an alternative to the OCBC FRANK Credit Card, you might want to consider the DBS Live Fresh Card or the UOB YOLO Card. Both cards offer similar cashback rewards for online and mobile transactions, as well as dining and entertainment spends.
What’s the current interest rate that’ll apply to my OCBC FRANK Credit Card?
The current annual interest rate for the OCBC FRANK Credit Card is 26.88%. It’s important to pay your credit card bills on time and in full to avoid paying high interest rates and late payment fees.
APPLYING FOR LOANS WAS NEVER SIMPLER
The rising cost of living, holiday plans, or the desire for the latest gadgets – everyone has different reasons for needing a personal loan. If you cannot manage these expenses upfront, a personal loan might be the solution you seek.
Quick Credit Pte Ltd, a licensed moneylender in Jurong, simplifies the application process. To get started, simply gather:
- NRIC/Work Pass
- Latest 3 months’ payslips
- CPF Contribution Statements (Singaporeans)
- Proof of Address (Foreigners)
Apply online, call us at 68996188, or visit our Quick Credit office at IMM Building, 2 Jurong East Street 21, #04-01A/B.
Take control of your finances today.