OCBC Frank vs. OCBC 365 Credit Card Comparison 2020

Both OCBC Frank and OCBC 365 Card have great merit amongst cashback cards. However, these options best serve very different types of individuals. While the former favours young adults, the latter is ideal for household spenders. We've looked closely into to the details to breakdown the exact differences and similarities to help you choose the card that better fits your lifestyle.

  • Details of rebate system & structure
  • General & boosted cashback rates
  • Minimum spend requirements & monthly rewards caps
  • Maximum potential annual earnings
Comparison of Perks & Privileges
  • Travel insurance offerings
  • Current petrol promotions & savings
  • SimplyGo & mobile pay compatibility
  • Extra rebate programmes & card-specific privileges
Comparison of Fees & Requirements
  • Minimum age & minimum income requirements
  • Annual fees, spend-based waivers & sign-on bonuses
  • Foreign transaction fees

Comparison of Competitive Rebate Cards in Singapore by Dollar Value

Based on an average monthly spend of S$2,000, we analysed some of the most competitive rebate cards on the market to estimate returned value-to-consumer after 2 years, accounting for rebates and netting out annual fees. As a note, dollar value is heavily dependent on spending habits; intangible benefits (like free travel insurance and airport lounge access) are valuable but difficult to quantify.

A graph displaying how competitive rebate credit cards compare to one another in terms of their rewards
Comparison of Competitive Rebate Cards in Singapore by Estimated 2-Year Dollar Value

Comparison of Competitive Rebate Cards in Singapore by Dollar Value

Based on an average monthly spend of S$2,000, we analysed some of the most competitive rebate cards on the market to estimate returned value-to-consumer after 2 years, accounting for rebates and netting out annual fees. As a note, dollar value is heavily dependent on spending habits; intangible benefits (like free travel insurance and airport lounge access) are valuable but difficult to quantify.

A graph displaying how competitive rebate credit cards compare to one another in terms of their rewards
Comparison of Competitive Rebate Cards in Singapore by Estimated 2-Year Dollar Value

Overview: OCBC Frank Card vs. OCBC 365 Card

Whether you're an OCBC loyalist or simply looking for one of the most competitive credit cards on the market, you may be interested in OCBC Frank Card or OCBC 365 Card. These cards allow consumers to earn top cashback rates in common spend categories while avoiding paying an annual fee–which is great for cost-conscious spenders.

Summary Comparison Table: OCBC Frank Card vs. OCBC 365 Card

CategoryFeatureOCBC Frank CardOCBC 365 Card
RatesMin. Spend Req.S$400/moS$800/mo
Rebate Boosts
  • 6% online online
  • 5% select wknd entertainment & cafes (3% wkdays)
  • 0.30% general spend
  • 6% dining & food delivery
  • 5% groceries, land transport, online travel & recurring bills
  • 0.30% general spend
Earnings Cap
  • S$60
  • S$80
PerksPetrol SavingsUp to 20% fuel savings at Sinopec, 16% at Caltex, 14% at EssoUp to 24% fuel savings at Sinopec, 23% at Caltex, 20.4% at Esso
CompatibilitySimplyGo & Mobile Pay CompatibleSimplyGo & Mobile Pay Compatible
Card PrivilegesFrank Hot DealsVisa Concierge & Luxury Hotels Privileges
FeesAnnual FeeS$80.0S$192.6
Waiver OptionWaived 2 years, & subsequently with S$10,000 annual spendWaived 2 years, & subsequently with S$10,000 annual spend
OCBC Frank Card's minimum requirement refers to offline spend. Additional details apply. See sections below or card websites for a further breakdown of information

While both are quite strong, these cards cater to very different types of spenders however. Young adults on a limited budget are more likely to benefit from OCBC Frank Card, while household spenders looking for an everyday card might prefer OCBC 365 Card. After careful analysis, we've identified exactly how these cards compare and have provided a detailed breakdown in the sections below.

Rewards Rates: OCBC Frank Card vs. OCBC 365 Card

While it's possible to rapidly earn cashback with either OCBC Frank or OCBC 365 Card, the type of individual most likely to benefit from each card's rewards structure is quite different. For example, OCBC Frank Card is a better match for young adults. Its very low S$400 offline minimum spend requirement is just half that of OCBC 365 Card, making it easier for those with limited budgets to unlock higher rates. Cardholders also receive cashback boosts in categories that mirror younger consumers' spending habits: 6% rebate for online purchases (including Grab rides) and up to 5% on weekend spend at bars, cinemas, KTVs, clubs & select cafes. While monthly rewards are capped at a slightly lower S$60/month, this is still quite competitive and can be maxed out with as little as S$1k monthly spend.

OCBC 365 Card, on the other hand, is ideal for household spenders. The S$800 minimum spend requirement and S$80/month earnings cap roughly align with the market standard for everyday cards. At this level, cardholders can earn up to S$240 more within a year than possible with OCBC Frank. OCBC 365 Card's categories are also a bit more well-rounded. Consumers earn boosted rebates on everything from dining and groceries to transport, online travel and even recurring bills (which are typically excluded from earning rewards). While a young adult may not need to worry about many of these categories, they form a core part of the average established Singaporean's budget.

Comparison Table: Cashback Rewards

FeatureUOB One CardOCBC 365 Card
Rebate StructureMonthly SystemMonthly System
Rate StructureCategory BoostsCategory Boosts
Base Rate0.30%0.30%
Min. Spend Req.S$400S$800
Boosts
  • 6% online spending
  • 5% select wknd entertainment & cafes (3% wkdays)
  • 6% dining & food delivery
  • 3% groceries, transport, online travel, recurring telco & electric bills
Mo. Rewards Cap
  • S$60
  • S$80
Max Annual EarningsS$720S$960
OCBC Frank Card's minimum spend is based on offline spending.

Despite its accessibility, OCBC Frank Card isn't quite as straightforward as OCBC 365 Card. Consumers earn most on the weekends (weekday purchases earn at a notably lower rate) and some categories are merchant restricted (cafes, for example, are limited to merchants such as Starbucks and The Coffee Bean & Tea Leaf). OCBC 365 Card does not have day or vendor restrictions, making it easier for cardholders to earn on nearly every purchase.

Perks & Privileges: OCBC Frank vs. OCBC 365 Card

OCBC Frank Card and OCBC 365 Card also offer slightly different perks. While both offer the convenience of SimplyGo compatibility and mobile pay functionality, OCBC Frank's privileges cater almost exclusively to young adults while OCBC 365 Card offers extra perks for travellers.

For example, OCBC Frank Card does not offer many "extras" beyond its Frank Hot Deals. These promotions (and occasional sweepstakes) offer bonus savings and discounts on fashion brands, live entertainment, fast food, movie tickets and more. OCBC Frank Card does, however, have a special feature worth mentioning. For a fee, consumers can customise their card by choosing from one of over 120 designs.

Comparison Table: Card Perks & Privileges

FeatureOCBC Frank CardOCBC 365 Card
Travel InsuranceN/AS$500k Personal Accident; S$500 Medical; Travel Inconvenience
Petrol SavingsUp to 20% fuel savings at Sinopec, 16% at Caltex, 14% at EssoUp to 24% fuel savings at Sinopec, 23% at Caltex, 20.4% at Esso
Transit PerksSimplyGo CompatibleSimplyGo Compatible
Mobile PayGoogle Pay, Apple Pay, Samsung Pay, Fit Bit, Garmin & moreGoogle Pay, Apple Pay, Samsung Pay, Fit Bit, Garmin & more
Card PrivilegesFrank Hot Deals, Custom Card DesignsVisa Concierge Services, Visa Luxury Hotels Privileges
Additional details apply. See card websites for a further breakdown of information

OCBC 365 Card, in this case, appeals more to travellers. While OCBC Frank Card does not provide free travel insurance, OCBC 365 Card offers personal accident, medical and even travel inconvenience coverage–quite comprehensive for a free plan. Cardholders can also enjoy perks like free dining credits, complimentary WiFi and even room upgrades through the Visa Luxury Hotels programme. As a result, more established individuals looking for special perks on their vacations may prefer the benefits offered by OCBC 365 Card.

Fees, Promos & Requirements: OCBC Frank vs. OCBC 365 Card

Both OCBC Frank and OCBC 365 Card stand out from market alternatives by offering spend-based fee-waivers. In both cases, the original annual fee is waived for 2 years and then subsequently, with S$10k annual spend. This averages out to about S$833/month, which is quite reasonable for the average consumer–especially for an OCBC 365 cardholder, who would already need to spend S$800+/month to unlock its higher rates.

This minimum requirement may, however, still be a bit out of reach for young adults on a limited budget. Fortunately, OCBC Frank Card's annual fee is just S$80.0–very low compared to the S$192.6 market standard. And, given the 2-year upfront waiver, there's plenty of time for cardholders to build up their budgets and eventually, qualify for the waiver.

Comparison Table: Requirements, Promos & Fees

FeatureOCBC Frank CardOCBC 365 Card
Minimum Age21 yo21 yo
Minimum Income
  • SG & PR: S$30,000
  • Foreigners: S$45,000
  • SG & PR: S$30,000
  • Foreigners: S$45,000
Annual FeeS$80.0S$192.6
Waiver OptionWaived 2 years, & subsequently with S$10,000 annual spendWaived 2 years, & subsequently with S$10,000 annual spend
Sign-on BonusNew cardholders will receive S$50 cashback & S$50 Grab VouchersFree S$100 cash via PayNow (new customers) via our partnership with SGSaver
FX Fee3.25%3.25%
Additional details apply. See card websites for a further breakdown of information

Comparison to Similar Rebate Credit Cards

Even though OCBC Frank Card and OCBC 365 Card are extremely competitive, there are still a few additional options on the market worth considering. We've analysed these alternatives below to help you determine whether or not they might fit your needs.

POSB Everyday Credit Card: Top Promotional Rebates

  • Promotional rebates of up to 15% in key spend categories
  • Promotions: S$200 cashback with no minimum spend using promo code "DBSFLASH" (must make 1 transaction)
  • Receive 8% off online shopping by reaching monthly Personalised Spend Goal online (rewards capped at S$16-S$120/mo)
  • Read Our Full Review
  • Annual fee: S$192.6, 1-year waiver
  • 15% rebate on online food delivery, 5% dining, 5% groceries at Sheng Siong
  • 3% rebate on personal care at Watsons
  • 1% rebate on recurring bills with select merchants (capped at S$1/month)
  • SimplyGo/ABT capabilities for public transit fares
POSB Everyday Card is a great option for consumers looking to max out earnings on daily essentials. While rates often change due to shifting promotions, cardholders can typically expect to earn up to 15% on online food delivery & catering, plus 3%–5% on select dining, groceries, personal care and more. POSB Everyday cardholders even earn 1% rebate on recurring bills with select companies (though earnings are capped at S$1/month). These rates, paired with POSB Exclusive Merchant Deals, make it easy to accrue cashback from daily purchases.


Despite the breadth of its categories, POSB Everyday Card isn't especially easy to use, however. Consumers must hit a Personalised Spend Goal to unlock higher rates, which is set by POSB based on the cardholder's general spending behaviours. This rate varies from person to person, so it's difficult to predict upfront how accessible rates will be. Additionally, some categories are merchant restricted while others aren't, and some categories have capped rewards while others don't (this shifts with promotional changes). Overall, while POSB Everyday Card certainly has its strengths for everyday spenders, those who want a more straightforward option might prefer OCBC 365 Card.

  • Stand-Out: Promotional rebates of up to 15% in key spend categories
  • Promotions: S$200 cashback with no minimum spend using promo code "DBSFLASH" (must make 1 transaction)
  • Receive 8% off online shopping by reaching monthly Personalised Spend Goal online (rewards capped at S$16-S$120/mo)
  • Read Our Full Review
  • Annual fee: S$192.6, 1-year waiver
  • 15% rebate on online food delivery, 5% dining, 5% groceries at Sheng Siong
  • 3% rebate on personal care at Watsons
  • 1% rebate on recurring bills with select merchants (capped at S$1/month)
  • SimplyGo/ABT capabilities for public transit fares
POSB Everyday Card is a great option for consumers looking to max out earnings on daily essentials. While rates often change due to shifting promotions, cardholders can typically expect to earn up to 15% on online food delivery & catering, plus 3%–5% on select dining, groceries, personal care and more. POSB Everyday cardholders even earn 1% rebate on recurring bills with select companies (though earnings are capped at S$1/month). These rates, paired with POSB Exclusive Merchant Deals, make it easy to accrue cashback from daily purchases.


Despite the breadth of its categories, POSB Everyday Card isn't especially easy to use, however. Consumers must hit a Personalised Spend Goal to unlock higher rates, which is set by POSB based on the cardholder's general spending behaviours. This rate varies from person to person, so it's difficult to predict upfront how accessible rates will be. Additionally, some categories are merchant restricted while others aren't, and some categories have capped rewards while others don't (this shifts with promotional changes). Overall, while POSB Everyday Card certainly has its strengths for everyday spenders, those who want a more straightforward option might prefer OCBC 365 Card.

UOB YOLO Card: Best Rebates for Young Weekend Spenders

  • Top weekend rebates of up to 8% for social spenders
  • Promotions: New cardholders will receive S$80 cash via Paynow upon approval
  • Existing cardholders will receive S$20 worth of GrabFood voucher
  • Read Our Full Review
  • Annual fee: S$192.6, 1-year waiver
  • 8% cashback on weekend dining, entertainment, Grab, select UOB Travel (3% weekdays)
  • 3% online travel & fashion
  • Free travel insurance
While OCBC Frank Card is a great option for lower-spending young adults, UOB YOLO Card is ideal for those who have slightly larger budgets. Cardholders who can meet the S$600 minimum monthly spend earn up to 8% cashback on weekend dining, entertainment, Grab and more (3% on weekdays), plus 3% on online fashion and travel bookings any day of the week. UOB YOLO Card's weekend rates are higher than OCBC Frank's and, beyond Grab, there aren't any merchant restrictions. However, UOB YOLO cardholders earn at most 3% for select online spend, which is just half what they'd earn with OCBC Frank Card.


Finally, UOB YOLO Card has a significantly higher fee at S$192.6. This fee is waived just 1 year (rather than 2), and there is no subsequent spend-based waiver option. Overall, UOB YOLO Card provides cardholders with more substantial budgets the opportunity to earn at higher rates on their social spend. OCBC Frank, however, is undeniably a better option for lower-spending young adults who frequently shop online.

  • Stand-Out: Top weekend rebates of up to 8% for social spenders
  • Promotions: New cardholders will receive S$80 cash via Paynow upon approval
  • Existing cardholders will receive S$20 worth of GrabFood voucher
  • Read Our Full Review
  • Annual fee: S$192.6, 1-year waiver
  • 8% cashback on weekend dining, entertainment, Grab, select UOB Travel (3% weekdays)
  • 3% online travel & fashion
  • Free travel insurance
While OCBC Frank Card is a great option for lower-spending young adults, UOB YOLO Card is ideal for those who have slightly larger budgets. Cardholders who can meet the S$600 minimum monthly spend earn up to 8% cashback on weekend dining, entertainment, Grab and more (3% on weekdays), plus 3% on online fashion and travel bookings any day of the week. UOB YOLO Card's weekend rates are higher than OCBC Frank's and, beyond Grab, there aren't any merchant restrictions. However, UOB YOLO cardholders earn at most 3% for select online spend, which is just half what they'd earn with OCBC Frank Card.


Finally, UOB YOLO Card has a significantly higher fee at S$192.6. This fee is waived just 1 year (rather than 2), and there is no subsequent spend-based waiver option. Overall, UOB YOLO Card provides cardholders with more substantial budgets the opportunity to earn at higher rates on their social spend. OCBC Frank, however, is undeniably a better option for lower-spending young adults who frequently shop online.

DBS Live Fresh: Flat Cashback for Modern Spenders

  • Up to 5% rebates on online & contactless spend
  • Promotions: S$200 cashback w/ promo code "DBSFlash" (must make 1 transaction)
  • Receive 8% off online shopping by reaching monthly Personalised Spend Goal online (rewards capped at S$16-S$120/mo)
  • Read Our Full Review
  • Annual fee: S$128.4, 1-year waiver
  • 5% rebate on online spend & contactless purchases
  • All-in-one card with SimplyGo functionality
DBS Live Fresh Card is one of the best options on the market for modern spenders looking for an easy-to-use card. In fact, cardholders who spend just S$600/month earn a flat 5% rebate on all purchases made online or via Visa payWave (inc. transactions with Google Pay, Samsung Pay, Apple Pay & more). Given how more and more merchants in Singapore are accepting contactless payments, it's possible to earn cashback on nearly every purchase.


DBS Live Fresh is easier to use than OCBC Frank or OCBC 365 because there's no need for day, category or merchant tracking. However, DBS Live Fresh's rebate structure limits its profitability. While cardholders can technically earn up to S$60/month, each individual spending category is capped at S$20. While cardholders can quickly max out this cap with online and contactless spend (S$400 spend in each), they'd need to spend S$6,667 in order to max out the general spend category, given its low 0.30% rate. As a result, DBS Live Fresh cardholders might expect to earn S$40–S$45/month at most, which is rather low.

  • Stand-Out: Up to 5% rebates on online & contactless spend
  • Promotions: S$200 cashback w/ promo code "DBSFlash" (must make 1 transaction)
  • Receive 8% off online shopping by reaching monthly Personalised Spend Goal online (rewards capped at S$16-S$120/mo)
  • Read Our Full Review
  • Annual fee: S$128.4, 1-year waiver
  • 5% rebate on online spend & contactless purchases
  • All-in-one card with SimplyGo functionality
DBS Live Fresh Card is one of the best options on the market for modern spenders looking for an easy-to-use card. In fact, cardholders who spend just S$600/month earn a flat 5% rebate on all purchases made online or via Visa payWave (inc. transactions with Google Pay, Samsung Pay, Apple Pay & more). Given how more and more merchants in Singapore are accepting contactless payments, it's possible to earn cashback on nearly every purchase.


DBS Live Fresh is easier to use than OCBC Frank or OCBC 365 because there's no need for day, category or merchant tracking. However, DBS Live Fresh's rebate structure limits its profitability. While cardholders can technically earn up to S$60/month, each individual spending category is capped at S$20. While cardholders can quickly max out this cap with online and contactless spend (S$400 spend in each), they'd need to spend S$6,667 in order to max out the general spend category, given its low 0.30% rate. As a result, DBS Live Fresh cardholders might expect to earn S$40–S$45/month at most, which is rather low.

Cashback Credit Card Comparison Tables

Credit CardMin. SpendRebatesCap
Citi Cash Back S$888
  • 8% dining, groceries & petrol
S$75/mo
Citi SMRT N/A
  • Up to 7% groceries, 5% fast food, movies & coffee
  • 3% online, 2% health & wellness
S$50/mo
DBS Live Fresh S$600
  • 5% online & contactless
S$60/mo
OCBC 365 S$800
  • 6% dining & food delivery
  • 3% groceries, transport, online travel, bills
S$80/mo
OCBC Frank S$400
  • 6% online purchases
  • 5% wknd local entertainment & select cafes (3% wkdays)
S$60/mo
POSB Everyday Varies
  • 15% online food delivery & catering
  • 5% dining & select groceries
  • 3% personal care at Watsons, 1% recurring bills
Varies
UOB One S$500-S$2k
  • Up to 5% flat rebate
S$100+/mo
UOB YOLO S$600
  • Up to 8% wknd dining, entertainment & Grab (3% wkdays)
  • 3% online fashion & travel
S$60/mo
Citi SMRT rebates are merchant-restricted. OCBC Frank's minimum refers to offline spend only. POSB Everyday Card's minimum is a Personalised Spend Goal set by the bank and varies by consumer; its rebates are primarily merchant-restricted and its earnings cap varies according to promotions
Credit CardTravel InsPetrol SavingsCard Perks
Citi Cash Back Coverage up to S$1MUp to 20.88% fuel savings at Esso & ShellCiti World Privileges, Citi Gourmet Pleasures
Citi SMRT N/AUp to 14% fuel savings at Esso & ShellCiti World Privileges, Citi Gourmet Pleasures
DBS Live Fresh N/AUp to 14% fuel savings at Esso #FreshDropFriday Sweeps
OCBC 365 Coverage up to S$500kUp to 24% fuel savings at Sinopec, 23% at Caltex, 20.4% at EssoVisa Concierge & Luxury Hotels
OCBC Frank N/AUp to 20% fuel savings at Sinopec, 16% at Caltex, 14% at EssoFrank Hot Deals
POSB Everyday N/AUp to 20.1% fuel savings at SPCPOSB Merchant Deals
UOB One Coverage up to S$500kUp to 28.72% fuel savings at ShellUOB SMART$, UOB Travel & Dining Advisors
UOB YOLO Coverage up to S$500kUp to 13.6% fuel savings at ShellUOB SMART$, YOLO events
Travel insurance refers to free travel accident coverage for the principal cardholder
Credit CardAnnual FeeSpend WaiverPromotion
Citi Cash Back S$192.6Waived for 1 yearNew cardholders get a set of Airpods Pro (worth S$379) or S$300
Citi SMRT Back S$192.6Waived for 2 yearsReceive up to S$120 cashback with S$1.2k min. spend in 1st 3mo
DBS Live Fresh S$192.6Waived for 1 yearS$200 cashback w/ promo code "DBSFlash"
OCBC 365 S$192.6Waived 2 years, & subsequently with S$10,000 annual spendFree S$100 cash via PayNow (new customers) via our partnership with SGSaver
OCBC Frank S$80.0Waived 2 years, & subsequently with S$10,000 annual spendNew cardholders will receive S$50 cashback & S$50 Grab Vouchers
POSB Everyday S$192.6Waived for 1 yearReceive S$200 cash back with promo code "DBSFLASH"
UOB One S$192.6Waived for 1 yearNew cardholders will receive S$80 cash via Paynow & Existing cardholders will receive S$20 worth of GrabFood Vouchers
UOB YOLO S$192.6Waived for 1 yearNew cardholders will receive S$80 cash via Paynow & Existing cardholders will receive S$20 worth of GrabFood Vouchers
Waivers and bonuses subject to change. See card websites for further details

Learn More About Finding the Best Credit Card for You

Carrie Arndt

Carrie is a Senior Analyst at ValueChampion, specialising in credit cards in Singapore. She previously led consumer studies worldwide as a Senior Research Executive at MMR Research.

Comments and Questions

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