If you’re a student or young adult in Singapore, you may be looking for a debit card that offers attractive rebates on your spending. Enter the OCBC FRANK Debit Card, a popular option that offers rebates on online shopping, fast food, and more. With 120 card designs to choose from, you’ll be able to find one that suits your style.
In this quick review, we’ll take a closer look at the OCBC FRANK Debit Card and what it has to offer. We’ll cover everything from the card’s features and benefits to how you can apply for one. Whether you’re looking for a debit card to help you save money on your daily expenses or simply want a card that reflects your personality, the OCBC FRANK Debit Card may be just what you need.
1 Min Read
Strapped for time? This is for you!
The OCBC FRANK Debit Card is a popular option in Singapore, especially for students and young adults. It offers 1% cashback on everyday spending like online shopping, fast food, and transport. Plus, you get to choose from over 60 cool designs to personalize your card!
Here’s a quick breakdown:
- Earn 1% cashback on everyday spending
- Over 60 unique card designs
- No minimum balance required (below 26 years old)
- Easy online application
Want to know more? Check out the full review for a detailed breakdown of the card’s features, fees, and how it stacks up against other options!
OCBC FRANK Debit Card Overview
Are you a Singaporean or permanent resident looking for a debit card that offers unique features and benefits? Look no further than the OCBC FRANK Debit Card! With this card, you can enjoy a range of benefits that are sure to excite you.
Unique Features and Benefits
The OCBC FRANK Debit Card is designed with you in mind. It offers a range of unique features and benefits, including eco-friendly card designs that allow you to express your personality. You can choose from over 60 designs to find one that suits your style.
In addition, the card offers rebates and cashback on your spending, allowing you to save money while you shop. You can earn up to 1% cashback on your spending, making this card an excellent choice for those who love to shop.
Design and Customisation Options
The OCBC FRANK Debit Card is designed to be stylish and eco-friendly. It is made from recycled plastic, making it an excellent choice for those who care about the environment. You can choose from over 60 designs to find one that suits your style, and you can even customise your card with your own design.
Eligibility and Application Process
To be eligible for the OCBC FRANK Debit Card, you must be a Singaporean or permanent resident. Foreigners are also eligible if they have a valid NRIC or FIN. The application process is simple and can be done online or in person at any OCBC branch.
Fees and Charges
The OCBC FRANK Debit Card comes with a range of fees and charges, including an annual fee, currency conversion fee, card replacement fee, and service fee. However, the fees are relatively low compared to other debit cards in Singapore. You can also enjoy free withdrawals at all OCBC ATMs.
Account and Card Management
Managing your OCBC FRANK Debit Card account is easy. You can access your account and card details online or through the OCBC Mobile Banking app. You can also use your card for online shopping and mobile contactless spend, and it is compatible with Apple Pay, Samsung Pay, and Google Pay.
Security Features
The OCBC FRANK Debit Card comes with a range of security features to protect your account and card details. It is equipped with Visa and Mastercard security features, and you can also set your own spending limits and receive SMS alerts for transactions.
Customer Support Services
If you have any questions or concerns about your OCBC FRANK Debit Card, you can contact OCBC’s customer support team. They are available 24/7 to assist you with any issues you may have.
Tip: Unlock Extra Savings with OCBC FRANK Debit Card
Take advantage of exclusive partnerships and promotions like cashback, discounts, and special offers at partner merchants. Check the FRANK website under ‘Promotions’ for details and eligibility requirements. Don’t miss out on these limited-time opportunities to maximize your savings with your OCBC FRANK Debit Card.
Rewards and Cashback Programme
Are you looking for a debit card that offers great rewards and cashback programmes? Look no further than the OCBC FRANK Debit Card! This card is perfect for students and young adults who want to save money on their daily expenses. Let’s take a closer look at the rewards and cashback programme offered by this card.
Cashback Rates and Categories
With the OCBC FRANK Debit Card, you can earn up to 6% cashback on your daily expenses. The cashback rate varies depending on the category of spending. You can earn 6% cashback on online shopping, fast food, and transport. For dining, you can earn 5% cashback, and for groceries, you can earn 3% cashback. The cashback cap for each category is S$60 per month.
Exclusivity and Tie-Ups
The OCBC FRANK Debit Card also offers exclusive deals and tie-ups with various merchants. For example, you can enjoy discounts and cashback when you use your card to pay for Grab rides, 7-Eleven and Cheers purchases, Comfort and CityCab rides, and SimplyGo transactions. Additionally, you can enjoy discounts when you shop at Apple and Samsung stores.
Comparison with Other Bank Cards
Compared to other bank cards, the OCBC FRANK Debit Card offers a competitive cashback programme. For example, the UOB EVOL Card offers 8% cashback on dining, entertainment, and online shopping, but the cashback cap is only S$75 per month.
The DBS Live Fresh Card offers 5% cashback on online shopping and 5% cashback on SimplyGo transactions, but the cashback cap is only S$20 per month. The UOB One Card offers up to 5% cashback on all spend, but the minimum spend required is S$500 per month. The HSBC Revolution Card offers 5% cashback on dining, entertainment, and online shopping, but the cashback cap is only S$75 per month.
Financial Insights
Saving and Budgeting with FRANK
With the OCBC FRANK Debit Card, you can easily save and budget your expenses. The card offers an option to set up a savings goal, which can be useful if you’re looking to save for a specific expense or just want to save money in general. You can also track your expenses easily with the FRANK app, which categorises your spending and provides insights into your spending habits.
Understanding Interest Rates
The OCBC FRANK Debit Card offers an interest rate of up to 0.3% p.a. on your account balance. This rate is higher than most savings accounts in Singapore, making it a great option for those who want to earn interest on their account balance. You can also earn bonus interest when you spend on your FRANK Debit Card, making it a great way to maximise your savings.
Foreign Currency Usage
If you’re planning to travel overseas, the OCBC FRANK Debit Card can be a useful tool for managing your foreign currency transactions. The card offers a competitive foreign exchange rate and no foreign exchange fee, making it a cost-effective option for overseas spending. You can also withdraw cash from overseas ATMs with your FRANK Debit Card, although there may be a fee for this service.
Lifestyle Integration
The OCBC FRANK Debit Card is more than just a payment card; it’s an integral part of your lifestyle. With a variety of perks and benefits, this card is designed to enhance your everyday experiences. Here are some of the ways that the FRANK Debit Card can help you integrate seamlessly into your lifestyle.
Travel and Transport Conveniences
If you’re a frequent traveller, the FRANK Debit Card offers several travel and transport conveniences. You can enjoy exclusive discounts on Grab rides and Comfort and CityCab taxi fares. Moreover, you can link your FRANK Debit Card to your SimplyGo account and enjoy hassle-free public transport payments. You can also enjoy foreign currency transactions with no additional fees.
Dining and Entertainment Perks
With the FRANK Debit Card, you can enjoy a range of dining and entertainment perks. You can enjoy up to 6% cash rebates at over 200 dining merchants, including Zouk, Stickies, Harry’s, and more. You can also enjoy discounts on karaoke sessions at Cash Studio and free entry to selected clubs.
Shopping and Online Purchases
The FRANK Debit Card also offers rebates and discounts on shopping and online purchases. You can enjoy up to 5% cash rebates on online purchases, including food delivery and e-commerce platforms. You can also enjoy discounts at eco-friendly retailers like BlueSG.
Eco-Conscious and Social Responsibility
The FRANK Debit Card is not just about convenience and perks; it’s also about being eco-conscious and socially responsible. The card is made from eco-friendly materials, and you can opt for e-statements to reduce paper waste. Moreover, a portion of your spending goes towards supporting social causes, such as education and the environment.
Practical Considerations
When considering getting an OCBC FRANK Debit Card in Singapore, there are several practical considerations you should keep in mind. Here are some key factors to consider:
Minimum Balance and Service Fees
Unlike some other debit cards in Singapore, the OCBC FRANK Debit Card does not require a minimum balance. However, there is a monthly service fee of S$2 if you do not meet certain requirements. To avoid this fee, you must either maintain a minimum monthly spend of S$400 on your FRANK Debit Card, or have a FRANK Account with a minimum balance of S$1,000.
Income and Deposit Requirements
There are no income requirements to apply for the OCBC FRANK Debit Card, but you will need to make an initial deposit of at least S$100 when you open a FRANK Account. Additionally, to use the NETS FlashPay and QR code features of the card, you will need to have funds in your FRANK Account.
ATM Network and Accessibility
The OCBC FRANK Debit Card can be used at any OCBC ATM in Singapore, as well as at any ATM with the NETS or Mastercard logo. Additionally, the card can be used to make purchases at any merchant that accepts NETS or Mastercard. However, it is important to note that there may be fees associated with using the card at non-OCBC ATMs.
Card Replacement and Renewal
If your OCBC FRANK Debit Card is lost or stolen, you can request a replacement card through the OCBC Mobile Banking app or by visiting an OCBC branch. There may be a fee for card replacement, depending on the circumstances. Additionally, the card must be renewed every three years.
Target Demographics
If you’re a young adult or a student looking for a debit card that suits your needs, the OCBC FRANK Debit Card is an excellent option to consider. With no fall-below fee or minimum balance requirement for applicants below 26 years old, this debit card is designed to cater to the needs of young adults and students in Singapore.
Young Adults and Students
The OCBC FRANK Debit Card is ideal for young adults and students who are looking for a debit card that offers flexibility and convenience. With no minimum income threshold, this debit card is perfect for those who are just starting out in their careers or are still studying. Additionally, the card comes with a range of features and benefits that are tailored to the needs of young adults and students.
Working Adults and Foreign Income Earners
If you’re a working adult or a foreign income earner in Singapore, the OCBC FRANK Debit Card is an excellent option to consider. With the ability to make transactions in foreign currency, this debit card is perfect for those who travel frequently or make overseas purchases. Additionally, the card comes with a range of features and benefits that are tailored to the needs of working adults and foreign income earners.
Lifestyle and Spending Habits
Your lifestyle and spending habits play a crucial role in determining which debit card is right for you. The OCBC FRANK Debit Card is designed to cater to a wide range of lifestyles and spending habits, making it an excellent choice for those who want a debit card that suits their needs. Whether you’re a frequent shopper, a foodie, or a fitness enthusiast, the card offers a range of rewards and benefits that are tailored to your lifestyle and interests.
Frequently Asked Questions
What are the exciting benefits of using a FRANK Debit Card?
The FRANK Debit Card comes with a range of exciting benefits that make it a great choice for young adults. With this card, you can earn unlimited 1% cashback on fast food, transport, convenience stores, and select online shopping platforms. Additionally, you’ll get a Frank account where you can earn interest on your savings. You can also personalise your card design to match your style.
How can I apply for an OCBC FRANK card and what’s the process like?
You can apply for an OCBC FRANK card online via MyInfo if you’re a Singaporean citizen or permanent resident aged between 16 and 25. Alternatively, you can visit a Frank or OCBC location near you to apply in person. The process is quick and easy, and you can expect to receive your card within a few days of approval.
What’s the minimum balance required to maintain in an OCBC Frank account?
There is no minimum balance required to maintain in your OCBC Frank account. However, you need to maintain a minimum balance of S$500 in your account to earn interest.
Can I use my OCBC Frank Debit Card abroad, and are there any perks?
Yes, you can use your OCBC Frank Debit Card abroad. However, you’ll be charged a fee for foreign currency transactions. On the bright side, you’ll enjoy exclusive perks such as discounts on dining, shopping, and entertainment when you use your card overseas.
How quickly can I get my hands on the OCBC Frank card after applying?
You can expect to receive your OCBC Frank card within 7-10 working days after approval. If you need your card urgently, you can opt for express delivery for a fee.
What options do I have to personalise my FRANK Card design?
You can choose from over 120 stylish card designs to personalise your FRANK Card. You can also customise your card with your own photo or design for a small fee. With so many options, you’re sure to find a design that suits your style and personality.
APPLYING FOR LOANS WAS NEVER SIMPLER
The rising cost of living and unexpected expenses can leave you needing financial solutions. Whether it’s a dream vacation, a new gadget, or simply managing daily costs, a personal loan can bridge the gap.
Quick Credit Pte Ltd, a licensed moneylender in Jurong, offers a streamlined application process for your convenience.
Here’s what you’ll need to get started:
- NRIC / Work Pass
- Latest 3 months payslips
- CPF Contribution Statements (Singaporeans only)
- Proof of Address (Foreigners only)
Apply for your loan today! Choose the method that suits you best:
- Apply online for a fast and easy experience.
- Call us at 68996188 to speak with a friendly representative.
- Visit our Quick Credit office at IMM Building, 2 Jurong East Street 21, #04-01A/B.
Take control of your finances and turn your plans into reality. Apply for a personal loan with Quick Credit today!