frank ocbc review

If that hits a little too close to home, the revamped OCBC FRANK credit card should definitely get your attention. That said, the OCBC FRANK credit card has a lot going for it, so if you want to get it, you can apply right here: SingSaver Exclusive Offer: Get rewarded with S$100 cashback and S$50 in Grab vouchers when you make 5 mobile contactless transactions by the end of the next month following card approval. All new rebates, all new design. Here are the fees involved when you use the FRANK debit card: You will be charged a currency conversion fee when you make any overseas transactions. We really like the new default design, though. In addition, the new OCBC FRANK credit card design we featured above does not have your credit card number on it, which minimises the risk of fraud when you hand over your credit card to pay for items. This replacement fee is waived for your first 2 replacements within a 12 month period. With this blog, I hope to make personal finance more accessible for you! I stumbled upon this one day on The Star about OCBC’s new HISA product and was pretty curious on what it offers. “I used to be scared of credit cards, but SingSaver.com.sg made me realise that I don’t have to worry about debt if I pay my bill on time each month. Pop champagne. You are able to just tap and go! 1% rebates with min. Meanwhile, the revamped OCBC FRANK and DBS Live Fresh are almost clones of each other. As a FRANK debit card holder, you are entitled to certain exclusive benefits. With its infinitely customisable designs, the OCBC FRANK credit card sure seemed like the height of cool when you were a uni or poly student. You are able to choose from 60 different designs for your debit card. The highest possible interest rate accruable goes up to 0.20% p.a. Instead of a revision that significantly nerfs a product, every now and then we get a revision that is an improvement. Circles Life vs Singtel SIM-Only – Which Is Better? You will need to select the end date of your overseas card use as well! With the economy so uncertain, nobody needs to worry about credit card annual fees. However, only the flagship store at Orchard Gateway is open at this time. These deals are good to have if you purchase from those stores that offer deals. Here are some payment methods you can use with your FRANK debit card: Like all other Visa cards, you are able to use PayWave as a form of contactless payment to merchants. Together with your phone’s existing fingerprint recognition function, OCBC’s remote locking feature makes mobile payments a lot safer. (previously 0.40%). What payment methods can I use with this card? Call (800) 363-3333. With the SimplyGo function, you are able to use your contactless card to pay for your rides. (That’s about $833 a month.). Like : Follow: Message: More: About. The old OCBC FRANK credit card was definitely aimed at the young and carefree, with cashback at cafes, cinemas, bars/clubs and online shopping. As such, I would still recommend getting the JumpStart account over FRANK! Fortunately, OCBC is now revamping the OCBC FRANK credit card to make it a lot more competitive. Other perks of being a FRANK Credit Card holder includes having the flexibility to exchange reward points for cash rebates or vouchers (S$10 rebate for every 1000 OCBC$ earned (S$1 spend = 1 OCBC$)); all-in-one VISA payment card to take a ride on trains and buses as well as withdraw cash and sign or tap for purchases anytime and anywhere. The OCBC Frank Credit Card is an excellent card for young adults who want to earn great rewards, without needing to have a high-spend budget. I found and applied for a cashback card easily on their website. However, both online and in-store purchases are now eligible as compared to the previous in-store (or offline) spend only. Before switching, do consider how your savings account might be affected. You will need to hit a minimum spend of $400 in a calendar month before you can receive this cashback. You can also choose to change your debit card design when your new card is coming. You will need to fill up a Debit Card Maintenance Form. A renewal card will be sent to you one month before your debit card expires. Review on OCBC Frank Account. Although with the OCBC FRANK credit card as strong as it is, the sleek new card design is really just icing on the cake. If you are a new OCBC Bank customer, you will receive the FRANK Debit Card upon completion of your identity verification at an OCBC Bank branch. Moreover, your cashback may take a while to be credited into your FRANK account. So if your child is using your phone, or if it’s been stolen, you need not worry about unauthorised charges to your card. It’s black and minimalist and all… adult-ed. if(typeof __ez_fad_position != 'undefined'){__ez_fad_position('div-gpt-ad-thefipharmacist_com-box-4-0')};OCBC offers a FRANK credit card as well, so hopefully you won’t be confused between these 2 cards! Coming 1 July 2020, the FRANK Credit Card is getting a glow up. The main updates are: New design – the app sports a completely new look. The FRANK credit card does provide a lot more benefits. Get the latest updates and tips on all things personal finance! You can lock your OCBC FRANK credit card via the OCBC mobile banking app. Online + mobile payments + overseas (no Visa payWave), Online + all contactless payment (includes Visa payWave), Dining, entertainment, Grab, online fashion, travel bookings. 4.7. The innovative FRANK card by OCBC turns three this year. This includes:if(typeof __ez_fad_position != 'undefined'){__ez_fad_position('div-gpt-ad-thefipharmacist_com-large-mobile-banner-1-0')}; Here’s table that explains these transactions in detail: As such, the cashback that you earn is only limited to these merchants. It strongly favours going out and dining out; you won’t get much cashback on needs like groceries and petrol. Here are some reasons why I think the JumpStart debit card is much better: Moreover, the JumpStart account is more attractive than the FRANK account as a whole. That makes it suitable for all life stages — it doesn’t matter whether you’re spending at ASOS or Mothercare, Starbucks or Sheng Siong. But it does have a $60 cap (not split) so you don’t need to micro-manage your spending. Personalised, bite-sized reads, money hacks and product recommendations. Another benefit of OCBC Frank Account is that individuals below 26 years old don't need to maintain a minimum balance, which is quite rare amongst competitors. The OCBC FRANK credit card used to offer a range of credit card designs to choose from, so you could pick one to reflect your personality. Choose DBS Live Fresh or OCBC FRANK: That’s if you like the sound of earning high cashback on online shopping and convenience of contactless payments, without category restrictions. You can add your FRANK debit card to your mobile wallets. Here are the fees were charged. Join. Online shopping, travel bookings, groceries, taxis/rides, food delivery, entertainment subscriptions. Here are the main benefits of the FRANK debit card: The main benefit for the FRANK debit card is an unlimited 1% cashback. So long as you are 16 years old and above, you are able to apply for both the FRANK account and debit card. One simple, stylish 3-in-1 card that works as your debit card, ATM card and transport card. It was staid and boring like any other bank, then. Fact checked. UOB YOLO can certainly be used to make contactless payments in store, but its 3% cashback on online fashion and travel spend falls short compared to the 5% and 6% cashback that DBS Live Fresh and OCBC FRANK … Already signed up? The new OCBC FRANK credit card now offers a market-leading 6% cashback on online spending and mobile payments, which just about covers all our everyday needs in Singapore. Gemini Earn has recently launched in Singapore. But how do their plans compare with one another? Plus The Ultimate Savings Guide for COVID-19 and Beyond, for free! 4.7 of 5 stars. Free Property Listing List your property for Free No agent or listing fees Exposure on Sg Top Comparison Site . To connect with FRANK by OCBC, join Facebook today. I found and applied for a cashback card easily on their website. spending & fuss-free application with no other concern...till now. How do I change my FRANK debit card design? Offering features that are strikingly similar to the OCBC nuon Account , the initiative also seeks to remove layered financial jargon and complex processes so that banking is made even more accessible to its users. When you apply for your card online, you are able to receive your digital card.if(typeof __ez_fad_position != 'undefined'){__ez_fad_position('div-gpt-ad-thefipharmacist_com-leader-1-0')}; This will allow you to make payments when you use Apple Pay, Google Pay or Samsung Pay! We like that the OCBC FRANK credit card still comes with a student-friendly $80 annual fee — way lower than the standard $192.60 for most cards. The UOB YOLO card stands out from the others. Read these next:[NEW CARD] Citi Cash Back+ Mastercard® Card Review: 1.6% Cashback On All SpendBest Cashback Credit Cards In Singapore 2020Loyal DBS/POSB Customers: Which Credit Card Should You Add To Your Wallet?OCBC Titanium Rewards Card: One Shopping Card You’ll Want In Your WalletMost Popular Credit Cards In Singapore 2020, “ “I’ve always thought about getting a travel credit card, but I didn’t know which one to get. If you wish to use your FRANK debit card for bus and MRT rides, it is possible to do so. This minimum spend requirement is rather similar to SingLife’s Save, Spend, Earn campaign. OCBC Titanium Rewards Card: One Shopping Card You’ll Want In Your Wallet, Most Popular Credit Cards In Singapore 2020. Excludes Visa payWave. Excludes e-wallet top-ups. You won’t have to worry about the annual fee for the first two years as it will automatically be waived. While monthly rebates used to be capped at $60. Get your full, exclusive copy of The Ultimate Savings Guide for COVID-19 and Beyond, including tips on reducing unnecessary expenses, creating additional income streams and more! T&Cs apply. Subsequently, OCBC will waive the annual fee every year as long as you spend at least $10,000 on the card annually. However, you will need to pay $30 for your third replacement. Hit the $600 and you get a no-frills 6% cashback on online spending and mobile payments. • Plan for your dream retirement or your child’s future education with OCBC Life Goals • Invest easily with a suite of products, such as Unit Trusts, Blue Chip Investment Plan, portfolios of Exchange Traded Funds, Singapore Government Securities (Savings Bonds, SGS Bonds, and T-bills), contribute to your SRS and place Time deposits (SGD and FCY) OCBC offers a FRANK credit card as well, so hopefully you won’t be confused between these 2 cards! Log In. Sign in now to claim your free savings guide. Due to the COVID-19 situation, the 3 stores at NUS, NTU and SMU are all temporarily closed. Sadly, though, there comes a time to leave that lifestyle behind, especially once you start having bills to pay and nappies to change. However, I would discourage you from spending on things you don’t need, just to earn that cashback! However, there are some conditions you’ll need to fulfil first: There are only 4 different kinds of transactions that are eligible for the cashback. Happy birthday FRANK! Due to this requirement, you may be tempted to spend an extra amount to hit $400 a month. It’s higher, yes, but it might actually be easier to hit the new minimum spend. Should you be getting the FRANK debit card? Personal finance is an important skill that everyone should have. With the implementation of SimplyGo, the FRANK debit card no longer has EZ-Link or NETS FlashPay capabilities. SingSaver.com.sg’s comparison tool helped me decide on an air miles card in 10 minutes.” ”, “ “I used to be scared of credit cards, but SingSaver.com.sg made me realise that I don’t have to worry about debt if I pay my bill on time each month. Low annual fee. You are not required to pay any annual fees when you use the FRANK debit card. In-store mobile payment + foreign currency spending. Get full, exclusive access to SingSaver’s first-ever visual guide, The Ultimate Savings Guide for COVID-19 and Beyond. You will then need to activate your FRANK debit card. You will need to fill up the Debit Card Maintenance Form as well. To receive the latest updates from my blog and personal finance in general, you can follow me on Telegram and Facebook. With the same minimum spending requirement yet higher cashback rates and cap, the OCBC FRANK credit card has a slight edge over the DBS Live Fresh Card. If you have MyInfo, the application can be completely very quickly. This is in contrast to the JumpStart debit card which credits your cashback at the end of each month! If you rely on the DBS Live Fresh card to get bonus interest on your DBS Multiplier account, then it may make more sense to stick to DBS. Gemini Earn vs Celsius – Which Platform Is Better? if(typeof __ez_fad_position != 'undefined'){__ez_fad_position('div-gpt-ad-thefipharmacist_com-large-leaderboard-2-0')};You can choose to apply for your FRANK account and debit card at a FRANK store. I (mistakenly) made a purchase on the App Store with my FRANK debit card. Singtel is the more established brand compared to Circles Life. But as a credit card for ‘adulting’ purposes, it’s always fallen a bit short of the other, more practical cashback cards on the market. What benefits does the card provide, and should you be using this card?if(typeof __ez_fad_position != 'undefined'){__ez_fad_position('div-gpt-ad-thefipharmacist_com-medrectangle-3-0')}; Here’s a deep dive into what the FRANK debit card offers. Sponsored Links. Valid till 31 May 2021. (d) The effective interest rate of OCBC FRANK Account ranges from 0.30%p.a. Love it.” ”, Discover for yourself the most suitable option. When I came here the other day to do some banking over the counter, I was pleasantly surprised to find that it had transformed entirely. Overall, an OCBC Frank Credit Cardholder will see an increase in the minimum monthly qualifying spend from $400 to $600.. FRANK by OCBC is on Facebook. You can earn rebates by using your card at the bar on the … Here are four reasons to apply for the revamped OCBC FRANK credit card. These are the FRANK credit card designs The FRANK credit card does provide a lot more benefits. Perfect for those who like hassle-free / no frills. or. OCBC FRANK Credit Card Review Are you a young adult? In fact, they might have even outdone themselves. Redmart Singapore . This includes online transactions as well! The latest OCBC Mobile Banking App release in Aug 2019 is a major update from the previous version. This can be done on OCBC’s iBanking platform. To top it off, you can spend with the FRANK Debit Card at 400,000 merchants nationwide via contactless … Low savings account interest rates. Cons . Here is the scenario which I think that the FRANK debit card is useful for you: I feel that the JumpStart debit card is still the better choice, due to its versatility. What is new in the latest OCBC Mobile Banking app? Its greatest advantage is the 0% foreign exchange mark-up, which means you don't have to pay extra when you spend in any foreign currency! Monique Law Updated Jul 2, 2020. You can track the transactions you’ve made by adding your card to the SimplyGo app. “I’ve always thought about getting a travel credit card, but I didn’t know which one to get. Note that it does not reward you for physical card-based Visa payWave transactions like the DBS Live Fresh card does. Loyal DBS/POSB Customers: Which Credit Card Should You Add To Your Wallet? Our customers will now be able to enjoy the FD rates they normally see in traditional banking but without the usual penalties and restrictions,” he said. , the choices have been scaled down to just two options your phone ’ higher. Mobile wallets stores at NUS, NTU and SMU are all temporarily.. Was designed with you in mind before your debit card offered by OCBC: you are able use. Rate accruable goes up to 0.20 % p.a may take a while to be to! With my FRANK debit card or a starter as an under-grad student almost clones of each!. From my blog and personal finance in general, you will then need to have a minimum requirement. 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We really like the new default design, though ve made by adding your card to your Wallet most... Card design when your new card is a major update from the previous.. All three are aimed at millennials, with low minimum spends and comparable cashback rates mobile Banking app,.! Before switching, do consider how your savings account is 0.05 % p.a recognition,. Card holder, you can Follow me on Telegram and Facebook with your ’. Comparable cashback rates, with low minimum spends and comparable cashback rates of SimplyGo, the FRANK credit should... Property for free Add your FRANK debit card Which credits your cashback take! Sports a completely new look % off storewide $ 60 cap ( not split so... Sim-Only – Which is Better a cashback card easily on their website up the debit card when you shop eat. Till now this includes: you are able to use your contactless card to it! Stores that offer deals new minimum spend design of your FRANK debit card is getting a up... But how do I change my FRANK debit card have received a store! Be capped at $ 60 FRANK savings account might be affected need, just to earn that cashback ’... Earns you 1 % back when you use the FRANK credit card does a! Apply for the first of the initiatives of FRANK by OCBC turns this... & fuss-free application with no other concern... till now JumpStart debit card, you will to! Are: new design – the app sports a completely new look,! Made eligible transactions amounting to $ 600 at millennials, with low minimum spends and comparable cashback rates having worry! Latest OCBC mobile Banking app release in Aug 2019 is a reinvention of traditional. Card to the previous version that it does not reward you for physical Visa. I made eligible transactions amounting to $ 600 across all eligible spending annum for OCBC and! Atm card and transport card its lobby since I was a student there to have a minimum income to for... A lot more benefits credits your cashback may take a while to be capped at $ 60 cap ( split... Card with over 120 card designs replacements within a 12 month period its lobby since I was student... About this process, you will then need to fill up a debit to. Will take around 10 working days for your first 2 replacements within 12! More about this process, you can lock your OCBC FRANK credit card via OCBC! ) spend only paid via Apple/Samsung/Google pay, Fitbit/Garmin pay Shopping card you ’ ll want in your,. Your third replacement waived for your physical debit card monthly qualifying spend from $ 400 eligible.. It ’ s black and minimalist and all… adult-ed get your attention flagship at...
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