OCBC Frank Card: What Makes It Special?

OCBC Frank Card: What Makes It Special?

Cashback on Entertainment & Online Spend for Young Adults with Easily-Waived Fee

Good for

  • People who mostly shop online
  • Social consumers with high spend on local entertainment
  • People interested in a no-fee card

Bad for

  • People who mostly shop for fashion retail
  • Individuals seeking cashback on essentials
  • Frequent travellers with high overseas spend

Editor's Rating


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.

  • 6% rebate on online spend, 5% on weekend entertainment & select cafes (3% weekdays)
  • Just S$400 minimum requirement to access rates
  • Fee Waiver with S$10,000 annual spend
  • Up to 16% fuel savings with Caltex, 14% with Esso
  • Earn S$88 cashback with card approval + S$80 cash credit with S$800 spend in 1st month
  • Up to 8% off bookings with Agoda
  • 0.3% rebate on general spend–including overseas
  • 3% rebate on Auto Top-Ups is capped at just S$3/month

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

Online RetailS$6676%S$40
Entertainment cashback rate is based on weekend spend. Weekday spend earns 3%

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.

Exclusion CategoryDescription
General ExclusionsAnnual 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 ExclusionsAll 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 FeeS$80.0, Waived 2 years, & subsequently with S$10,000 annual spend
Annual Income RequirementS$30,000 for locals S$45,000 for foreigners
Card Details
  • 6% rebate on online spend, local & overseas (exclusions apply)
  • 5% weekend rebate at local entertainment establishments & select cafes (3% weekdays)
  • 3% rebate on 1st & 2nd NETS FlashPay Auto Top-Ups (up to S$3)
  • 0.3% base rebate for all other spend (including offline overseas)
  • S$400 minimum offline spend required to unlock elevated rates
  • Rebates capped at S$60/month
  • Up to 16% fuel savings with Caltex, 14% with Esso
  • 120 unique card designs, tailored to young adults
  • Earn S$88 cashback with card approval + S$80 cash credit with S$800 spend in 1st month
  • Up to 8% off bookings with Agoda

How does OCBC Frank Card Compare Against Other Cards?

Consider this if you frequently spend money on shopping and entertainment

Annual Income Requirement S$30,000
Foreigner Income Requirement S$45,000

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 performs above the market average for value-to-consumer after two years based on a monthly spend of S$2,000

OCBC Frank Card v. UOB YOLO Card

Consider this if you are a young adult looking for discounts and perks on dining, entertainment and travel spending

Annual Income Requirement S$30,000
Foreigner Income Requirement S$40,000

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

Consider this if you want to earn cashback on your daily commute on public transit

Annual Income Requirement S$30,000
Foreigner Income Requirement S$42,000

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

Consider this if you spend mostly on shopping, dining and entertainment

Annual Income Requirement S$30,000
Foreigner Income Requirement S$40,000

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 Visa Card
DBS Live Fresh Visa Card

Consider this if you shop online frequently and have many opportunities to pay with mobile wallets

Annual Income Requirement S$30,000
Foreigner Income Requirement S$45,000

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.

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