OCBC Frank Card is, by far, the most accessible card on the market for young adults. Not only does it have one of the lowest minimum requirements out there (just S$400), it also offers an easy fee waiver, with just S$10,000 annual spend–unheard of with competitors. Even more importantly, OCBC Frank Card offers excellent rewards rates–6% rebate online, 5% on weekend entertainment and local cafes (3% weekdays). It’s easy for young adults earn big rewards with OCBC Frank Card at levels where they’d never even meet the minimums of alternative cards. If you’re interested in accessible, no-fee cashback, look no further than OCBC Frank Card.
What Makes OCBC Frank Card Stand Out
OCBC Frank Card offers young adults an easy, accessible way to earn cashback from social and online spend. Cardholders earn 6% rebate on online purchases including fashion retail, travel bookings and more, plus 5% on weekend spend at select cafes and local entertainment establishments (3% weekdays). Consumers also earn 3% rebate on FlashPay Auto Top-Ups, capped at S$3. All other spend, however, earns just 0.3%.
|Eligible Merchant Categories for Entertainment Rebate (Singapore Only)|
|Select Cafes: Starbucks, The Coffee Bean & Tea Leaf, The Connoisseur Concerto (TCC), Dimbulah Coffee, Coffee Club, Costa Coffee|
|Bars & Entertainment: Drinking establishments (alcoholic beverages), bars, taverns, cocktail lounges, nightclubs, discotheques, cinemas|
OCBC Frank Card stands out for its low minimum spend requirement and annual fee waiver. Cardholders begin earning at elevated rates after just S$400 offline spend (online purchases do not count towards this minimum). Consumers who spend S$400 on weekend entertainment and S$667 online can max out the S$60/month earnings cap with just S$1,067 in purchases. At this rate, it's also easy to avoid the S$80 fee, which is waived with S$10,000 annual spend.
How to Optimise Spend & Max Rewards
However, there are also drawbacks to OCBC Frank Card. It’s not a great match for consumers seeking everyday cashback. Online spend on utilities, recurring bills, and school and hospital payments are all not eligible for rebate. Dining, groceries, and other categories are also not rewarded. In addition, cardholders who travel only earn 0.3% rebate for overseas spend, which is quite low–for perspective, S$100 spend abroad would only earn S$0.30.
Ultimately, OCBC Frank Card does offer young adults a great, no-fee way to earn cashback from social and online spend. For those who cannot reliably meet the S$600 minimums for cards like UOB YOLO Card, and who want cashback on entertainment, which isn’t offered by lower-minimum cards like Citi SMRT Card’s, OCBC Frank Card is definitely worth consideration.
How Does OCBC Frank Card’s Rewards Program Work?
Use our quick and easy-to-read guide below to learn how you you can redeem card rewards.
- Every 1 dollar of cashback earned is equal to S$1
- Cashback earned is automatically offset against the next month’s billed amount
- Cashback earned by Supplementary Cards is credited to the Primary account
- Accumulated cashback is automatically forfeited with cancellation of the card account
OCBC Frank Card Rewards Exclusions
Some credit card expenditures are ineligible for earning rewards. We identify these exclusions below.
|General Exclusions||Annual card fees; Cash-on-Instalment; Instalment Payment Plan; interest, late payment charges; tax payments; Cash Advances; Balance Transfers; PayLite; OCBC Internet Banking payments; bill payments made via any AXS network (& other fees and charges); payments to Charitable/Religious Organizations; payments to Cleaning, Maintenance and Janitorial Services; payments to Real Estate Agents and Managers-Rentals|
|Add’l Online Exclusions||All general exclusions listed above, plus: payments made via telephone or mail order; subscription & recurring payments; to government institutions; financial institutions (including banks and brokerages); insurance companies; utility bill payments; prepaid accounts & “payment service providers”; schools, hospitals, professional services providers; parking lots; membership fees to clubs & associations; via online banking (& more)|
OCBC Frank Card Features and Benefits:
|Details & Benefits|
|Annual Fee||S$80.0, Waived 2 years, & subsequently with S$10,000 annual spend|
|Annual Income Requirement||S$30,000 for locals S$45,000 for foreigners|
How does OCBC Frank Card Compare Against Other Cards?
Read our comparisons of OCBC Frank Card with other cards and learn what makes each card unique in their own way. We compare and contrast each card to highlight its uniqueness to help you identify the card that you need.
OCBC Frank Card v. UOB YOLO Card
UOB YOLO Card appeals to young adults with curated nightlife privileges plus cashback on dining, entertainment, and Grab (8% weekends, 3% weekdays). Cardholders earn 3% on online fashion spend and up to 13% on select online travel bookings. As with OCBC Frank Card, general spend earns 0.3% rebate and earnings are capped at S$60/month. However, there is a S$600 minimum and S$192.6 fee. Consumers prioritising no-fee cashback might prefer OCBC Frank Card.
OCBC Frank Card v. Citi SMRT Card
Young professionals with a modest budget can benefit from Citi SMRT Card’s EZ-Link functionality and rebates on everyday spend. Cardholders earn 5% cashback on fast food, groceries, and cinemas, 3% for online spend, and 2% on health & beauty and Auto Top-Ups. The S$300 minimum is low, but the earnings cap is just S$50/month. In addition, rewards are very limited for entertainment,so OCBC Frank Card may be better for social consumers with high entertainment spend.
OCBC Frank Card v. HSBC Revolution Card
Average consumers seeking no-fee miles can earn from local dining and entertainment spend with HSBC Revolution Card. Cardholders earn unlimited 2 miles per S$1 in both categories, plus on online spend–including travel bookings, recurring bills and transit payments. HSBC Revolution Card also has no minimum requirement and the S$160.5 fee is waived with S$12,500 annual spend. This card is a great alternative, but consumers who prefer cashback to miles might prefer OCBC Frank Card.
OCBC Frank Card v. DBS Live Fresh Card
DBS Live Fresh Card doubles as an ATM and EZ-Link card and offers 5% cashback on online and contactless spend, 0.3% on general retail. Cardholders enjoy entertainment promotions like Zouk nightlife privileges. However, there is a S$600 minimum spend, a S$128.4 fee, and the monthly cap is divided into S$20/category, making it difficult to reach the S$60/month max. Consumers who are more interested in maximising cashback than in all-in-one functionality might prefer OCBC Frank Card.