You can earn a maximum of S$25 each month for all online and mobile contactless transactions put together and you can earn another S$25 each month on foreign currency transaction. If self-employed person or commissioned or variable income earner, Passport OCBC Frank gives you: 6% for online spend (inc. Lazada, Shopee, etc) 6% for in-store mobile contactless payments (basically any store that accepts paywave) Min spend to qualify is only $600 (and get $36 cashback), quite easy to hit. Ever thought about studying abroad? That means you might have to micromanage the Live Fresh card more if youre trying to maximise cashback. Get data and insights into the financial wellness of Singaporeans. Here are four reasons to apply for the revamped OCBC FRANK credit card. Also, if you spend more than S$400 per month, you get a rebate of 1% on a range of transactions when you use your card to spend money at various shops or with transport merchants including Comfort and CityCab and Grab. If youre hoping to get your rebate, do check youll actually get it on the purchase youre about to make before you buy. OCBC Credit & Debit Cards | Card Services & Merchant Promotions - OCBC Bank OCBC Digital Banking | Frank by OCBC These purposes include the "Additional Purposes" set out in the OCBC Data Can I open a FRANK Account? What is new in the latest OCBC Mobile Banking app? I asked OCBC why my application was rejected, they say they cannot tell me the reason. Foreign currency transaction fee applies. OCBC Frank Card is undoubtedly one of the best cashback credit cards for young adults on the market. Congratulations on successfully joining Singsaver Newsletter. This means you only earn the cashback on the first S$312.50 you spend on these two categories each month. Find out how you can be smart about your money with the FRANK Account and Debit Card. If your card is found, you can unlock it anytime. At SingSaver, we make personal finance accessible with easy to understand personal finance reads, tools and money hacks that simplify all of lifes financial decisions for you. Get one of the best rates in town for hotels, flights and car rentals. Any of these documents that show your residential address: Valid government correspondence or notice that show your residential address from last 3 months. When you sign-up through links on our site, we may earn an affiliate commission. We will never share your details with anyone. Terms and conditions. I don't have an existing SingPass can I still open a FRANK Account? The new Frank Card by OCBC any good? - HardwareZone Forums Once your friend signs up for the card and makes eligible transactions (as per table below), both you and your friend will receive the relevant cashback in your FRANK Credit/Debit Cards Account. FRANK Credit Card and Debit Card Spend Promotion Application Form Eligible Debit Cardholders will receive a S$20 cashback for each S$600 cumulated qualifying spend on FRANK Debit Card. Pros Plugged into the Grab wallet ecosystem Able to earn more rewards across wider range of merchants Insurance for mobile phone and online purchases - Choose from free exclusive online card designs Apply Now on OCBC's website OCBC Frank Credit Card Consumers who frequently shop online or pay via mobile will benefit the most from the boosted cashback rates. Overall, we estimate you can earn a reward yield of 0.7 2.9% on all spending with this card in a month. You will receive electronic versions of Letters for all your relationships/accounts. Rebates and discounts await. But even if you dont hit the minimum annual spend for the fee waiver, the annual fee is still lower than other cashback cards like the UOB EVOL or Standard Chartered Unlimited Cashback Credit Card. In fact, other banks like Citi have given me a credit card limit of 30k+, even though I don't really require anything more than 5k. It does need a little bit of micromanaging if you want to maximise your rebates, but this is also less work and higher cashback than options like the DBS Live Fresh or UOB EVOL card. OCBC Bank will not under any circumstances accept responsibility or liability for any losses that may arise from a decision that you may make as a result of using the calculator. SimplyGo Ltd. and by continuing to use www.singsaver.com.sg (the SingSaver Website) or by carrying out a transaction on the SingSaver Website, users are deemed to have agreed with the Terms and Conditions andPrivacy Policy of the SingSaver Website. Best OCBC Credit Cards 2023 in Singapore - ValueChampion Singapore Prior results do not guarantee a similar outcome. Eon Shenton, 70 Shenton Way, 18-08, Singapore, 079118, Citi Cash Back+ Mastercard Card Review: 1.6% Cashback On All Spend. Certain Merchant Category Codes are excluded from cashback calculations and will not count toward the minimum spend requirement. This publication is provided for general information purposes only and is not intended to cover every aspect of the topics with which it deals. Set alerts on your app so that you never miss out on price fluctuations and market movements. While the cashback rate of 8-10% is high, it is undermined by very low category level caps. First 300 successful applicants of the FRANK Credit Card who are New OCBC Principle Cardholders; First 300 successful applications of the FRANK Credit Card who are existing OCBC Credit Cardholders; and, First 500 successful applications of the FRANK Debit Card, Cards approved in month of March 2022 by 30 June 2022, Cards approved in the month of April 2022 by 31 July 2022. Sadly, though, there comes a time to leave that lifestyle behind, especially once you start having bills to pay and nappies to change. Chinese Banking Corporation Limited and its related corporations (OCBC Group) - as well Learn how you can fast track your money with the OCBC 360 Account and FRANK Credit Card. OCBC Frank Savings Account: An Ideal Starter Account? Please note that only posted transactions will appear in "Your activity", as well as in account transaction history (see point 5 below). Receive up to S$100 in cashback each month just spend at least S$800 a month online or in any store that accepts contactless mobile payment. Summary: OCBC Frank Card vs. OCBC 365 Card Comparison of Rewards Rates Details of rebate system & structure General & boosted cashback rates Minimum spend requirements & monthly rewards caps Maximum potential annual earnings Comparison of Perks & Privileges Travel insurance offerings Current petrol promotions & savings Track and categorise all your monthly spending with Money In$ights. Keep track of your spending automatically. Share this personalised link with your friends and family today to receive up to S$10 cashback for every new OCBC Debit Cardmember approved. If youre considering which debit card is right for you in Singapore, you might well be looking at the OCBC Frank Debit Card. We'll alert you when you're close to exceeding your budget. confirm that I have read, understood and agreed to be bound by the terms and conditions set out in this application form; represent and warrant that all information provided by me in this application is true and complete and undertake to notify OCBC Bank immediately of any change in such information; confirm that I am not an undischarged bankrupt and there has been no statutory demand served on me; authorise OCBC Bank to verify information given in this application with any party (including, without limitation, with any credit bureau or any other organisation or corporation set up for the purpose of collecting and providing information relating to the credit standing of persons) without reference to me; consent for OCBC Bank to disclose any information whatsoever relating to me as OCBC Bank shall consider appropriate to any person to whom disclosure is permitted or required by any applicable law or to any other person wherever situated for any purpose. Consumers who frequently shop online or pay via mobile will benefit the most from the boosted cashback rates. I hereby irrevocably and unconditionally: Get in touch with us1800 363 3333 (local) +65 6363 3333 (overseas)Contact Us, Copyright 2021 OCBC Bank. We are working towards rolling this out for the account transaction history interface. The awareness that For most people, the term "investment" tends to refer quite specifically to equities or stocks, and this invariably invites the question "which stock should I buy?". We reviewed the benefits of POSB Everyday credit card: promotions, rebates, fees, limits, ATM withdrawals and more. You've gotten your first pay cheque. An exchange rate markup might be added too. If that hits a little too close to home, the revamped OCBC FRANK credit card should definitely get your attention. You can view details and transaction history (past 6 months) of individual accounts through either of these: How can I view more details for a transaction? Get one of the best rates in town for hotels, flights and car rentals. 2.2 VOYAGE Miles / S$1 on Foreign Spends and 1.3 Miles on Local Spends. Learn more about which is the best card for you by reading our pieces on the best rewards card, the best cashback card and the best card combos in Singapore. Enjoy bite-sized mobile investing, and cash and card-free living. There are 2 ways you can get yourself an OCBC Frank debit card: you can apply online via MyInfo, or you can visit a Frank or OCBC location near you. Now thats a low-maintenance card. Questions? OCBC Frank Credit Card - moolahgeeks The main difference is the extra 1% cashback that the Frank card gives over the Live Fresh Card. 8% cashback on online, mobile contactless and foreign currency transactions with a S$100 per month cap. Valid till 11 June 2023. OCBC Frank Credit Card . Earn 8% in cashback on all local online purchases, or on purchases made in foreign currency at your favourite stores. All rights reserved. Fancy shopping at a bank branch or even enjoying a sushi meal there? All three are aimed at millennials, with low minimum spend and comparable cashback rates. Sit back and relax while we track and categorise your spending for you. DBS LiveFresh vs OCBC FRANK vs UOB EVOL - Sethisfy Only retailers on this list will grant you the 1% cashback with the debit card. Wise is the trading name of Wise Asia-Pacific Pte Ltd, which is a company incorporated under the laws of Singapore with Unique Entity Number 201422384R. OCBC Credit Cards Above average but not great, high fee. Simply tap on the notification and you're done! 3% of the transaction amount (Min S$5 and Max S$20). Yes. You can only apply via MyInfo if youre a Singaporean citizen or permanent resident, and aged between 16 and 25., You do need an OCBC Bank account to go with the debit card. SingSaver is located at Eon Shenton, 70 Shenton Way, 18-08, Singapore, 079118. Together with your phones existing fingerprint recognition function, OCBCs remote locking feature makes mobile payments a lot safer. Amex Singapore Airlines KrisFlyer Ascend Credit Card, * Based on est. It is not intended to amount to advice on which you should rely. By participating in this referral, you are agreeing to the terms and conditions that apply. Find out how you can be smart about your money with the FRANK Account and Debit Card. Meanwhile, the revamped OCBC FRANK and DBS Live Fresh are almost clones of each other. 5% (+5% at selected eco-eateries, retailers & transport services), 10X rewards points (equates to 2.5% cashback), None, but only the first 10,000 points will have a 10X bonus, Lower annual fee compared to other decent cashback cards, Cashback is split into 3 different subcategories, so monitoring could be a hassle, Physical card contactless transactions do not qualify for 6% cashback, Standard Chartered Manhattan $500 Card (S$18,000 minimum annual income), Diners Club co-brand credit cards (S$16,000 minimum annual income), CIMB AWSM Card (S$18,000 minimum annual income), 6% cashback on all online and app spending, 6% cashback on all mobile contactless payments and foreign currency spending, 0.3% flat rate cashback for all other spend, Minimum monthly spend of S$600 for 6% cashback; 0.3% otherwise, Only transactions posted (not made) in the same calendar month count towards the S$600 minimum, Cashback capped at S$75 per month (S$25 per category). FRANK Debit Cards that are replaced on renewed from 24 June 2019 onwards will not have the NETS FlashPay feature. Please confirm if you are the beneficial owner of the Review of the POSB Everyday Card - one of the best credit cards in Singapore? Online transactions are defined as goods and services you buy via the internet and mobile apps. The most notable thing here is that you have to spend at least S$600 in a month to qualify for the 6% cashback rate. Before switching, do consider how your savings account might be affected. Conditions of Access| Policies| Security| Notices|Report Vulnerability, https://internet.ocbc.com/internet-banking/inbregistration/index, Terms and conditions governing Electronic Banking, Terms and conditions governing OCBC Electronic, Terms of service governing Online Banking notify-beneficiary, Terms and conditions for OCBC Pay Anyone, Terms and conditions for OCBC PayAnyone via QR, Terms and conditions governing Funds Transfers through the PayNow, Learn more about Phishing, Malware and Online Banking. Other sections will be updated with the new designs over time. If you drive, consider our piece on the best card for petrol and if youre a travel bug, read about the best card for travel. purchase of a bag in Euros made at a physical boutique. Because its a debit card, when you spend money with the OCBC Frank debit card it comes straight out of your account. Get your account and digital debit card instantly when you apply online via Myinfo, OCBC Pay Anyone lets you pay for anything via PayNow and NetsQR code, and withdraw money at the ATM, Set Savings Goals to save for your wish list using your mobile banking app. In addition, the OCBC Frank Credit Cards cashback system is split into 3 different categories, each with a S$25 cashback cap. Pick the All-in-one debit card for your everyday usage, Enjoy unlimited 1% rebate on your daily Visa spend for selected categories, 1% in cashback on dining, transport, online shopping and purchases made at selected convenience stores and green merchants, Bank, dine and shop at the new OCBC Wisma. OCBC Frank Credit Card Review: Best for Young Adults You get it attached to your borderless account, and, as its issued by either Visa or Mastercard, you can use it pretty much anywhere where you see the logo. The DBS Live Fresh card also splits its cashback caps over four categories: sustainable spend (S$15), online spend (S$20), Visa contactless spend (S$20), and all other spend (S$20). I accept that my existing card will be terminated by OCBC Bank if I change or replace the card design on my card to or with another design. OCBC Titanium Rewards Card: One Shopping Card Youll Want In Your Wallet, UOB Ladys Card & UOB Ladys Solitaire Card Review (2023): Top Miles-Earning Card For Dedicated Spend. Conditions of Access| Policies| Security| Notices|Report Vulnerability, Terms and Conditions Governing FRANK Credit Card Cashback Programme (with effect from 1 April, (Revised) Terms and Conditions Governing FRANK Credit Card Cashback Programme (with effect from 1 November, Terms and Conditions Governing the We miss you Campaign, Terms & Conditions Governing the FRANK Credit Card New-to-OCBC Online Acquisition Promotion, Terms and Conditions governing the OCBC Treats Campaign, Removal of NETS FlashPay feature on FRANK Credit, 8% cashback on foreign currency transactions, 2% cashback on spend at selected green merchants, 6% in-store mobile contactless payments (e.g Apple Pay, Samsung Pay, Google Pay) & in-store foreign currency spending, Earn 8% in cashback on foreign currency transactions and online/contactless mobile transactions in SGD, Earn an additional 2% when you shop at selected green merchants, Earn up to S$100 in monthly cashback when you spend at least S$800 a month, Anyone 21 years old and above, 18 and above for supplementary card holders, Singaporeans and Singapore PR with a min. Plus, earn an extra 2% in cashback when you make contactless payment at selected green merchants like SimplyGo, BlueSG and more! You wont have to worry about the annual fee for the first two years as it will automatically be waived. Up to $1,788 cash reward when you apply for selected eligible insurance plans. OCBC FRANK Credit Card Revamp: 5 Reasons to Get It - SingSaver If you are still holding on to an existing FRANK Debit Card with NETS FlashPay, you may continue to use it. Lock it, request for a new one or a replacement straight from the mobile banking app. Theres no OCBC Frank minimum balance, although as noted above youll have to pay S$2 per month if your balance averages below S$1,000 but only when youre 26 or older. Learn how you can fast track your money with the OCBC 360 Account and FRANK Credit Card. Overseas fee of 3% - may apply from 5 SGD to 20 SGD Get Started. Please click here for the revised Debit Cardmembers' Agreement. Cardmembers must meet the S$600 minimum spending requirement each month to be eligible for the bonus cashback. There may be a lead time between when the transaction is performed and shown on the dashboard. Opened with a FRANK Debit Card - 60 designs to choose from! Never share your OTP with family and friends, phishing websites, OCBC Bank staff or the police. What is the best debit card in Singapore? GET STARTED Lost or damaged card? Personal details Title Please select Name (as in your NRIC/Passport) Effective 1 July 2020, new applicants for the FRANK Credit Card can choose between 2 designs Obsidian (FRK2020) and Vortex (PRF0002). Wise Asia-Pacific Pte Ltd is regulated as a Major Payment Institution by The Monetary Authority of Singapore (MAS) license: PS20200413. 2. Apple and the Apple logo are trademarks of Apple Inc., registered in the U.S. and other countries. Looking for the best debit cards in Singapore? The app is supported on devices running on iOS 10.3 and Android 4.4, or later. A new way to get away is here. Is FavePay considered an online or in-store mobile contactless payment transaction? After which, the transaction amount is deducted accordingly. Get rewarded on your daily spending such as a 6% online transaction rebate from your favourite site and apps such as Grab, Lazada, ASOS, Spotify and Netflix, as well as 0.3% rebate on all other eligible spend! FRANK Credit Card | Frank by OCBC Achieve your goals with proper financial planning. FRANK Debit Card: I hereby apply to OCBC Bank for a FRANK Debit Card (the "Card") and understand that I can request for a PIN for OCBC Phone . For months where you feel like saving more and spend less than S$600 a month, youll still be entitled to a 0.3% cashback. Waived for the first year; thereafter, waived with at least 3 transactions per month for 12 consecutive months. This referral program is valid till 30 September 2021. . OCBC Frank Cards annual fees are already on the lower side, but the HSBC Revolution Card outshines it with zero annual fees. OCBC FRANK Debit Card - Is The 1% Cashback Worth It? | Financially BlueSG, *subject to a minimum S$800 spent each year on Singapore Airlines, Scoot and KrisShop. However, we are happy to take your feedback and improve the app further. Limited to the first 300 customers only. Fill in and submit your personal and contact details. Invest on the go using the OCBC Mobile Banking app. Sadly, though, there comes a time to leave that lifestyle behind, especially once you start having bills to pay and nappies to change. If you break it down into months though, its an average spending of S$834 monthly to get an automatic fee waiver. At OCBC Wisma Atria, you can do all these and more visit us to experience it firsthand! Tap on the menu bar on the top left and select "Apply". Will I be able to see content in Chinese language across all services and features in the Mobile Banking app? Capped at S$100 a month. Monies and deposits denominated in Singapore dollars under the CPF Investment Scheme and CPF Retirement Sum Scheme are aggregated and separately insured up to S$75,000 for each depositor per Scheme member. You are in . Once you update to the latest version, you cannot revert to previous versions of the app. For reference, a S$20k balance would earn an EIR of 0.10% p.a. We estimate you can earn a reward yield of 2.5 2.8% on all your spending with this card. FRANK Credit Card | Frank by OCBC Skip to main content FOR EXECUTIVES Learn how you can fast track your money with the OCBC 360 Account and FRANK Credit Card. Food and dining Fitness Fashion, retail and online shopping You will get instant access to Online Banking. cards-referral-application?AgentSourceCode=FRKRF1. Meet FRANK, Maybe The Coolest Bank Gen-Y Has Ever Seen No, all forms fields will only accept input in English as the language enhancement is not applicable to our back-end systems. How does it compare to other cashback cards? Track and review your portfolio as and when you want to so you never miss out on market movements. Achieve your goals with proper financial planning. If not, application will not be processed. OCBC Frank Debit Card: A full review - Wise The old OCBC FRANK credit card was definitely aimed at the young and carefree, with cashback at cafes, cinemas, bars/clubs and online shopping. Sign up for free newsletters and get more moohlageeks tips delivered to your inbox. This article will tell you the key details about the OCBC Frank Debit Card, as well as information about one alternative: the new Wise multi-currency card, an option thats particularly good if you often travel abroad. S$0. You can refer as many friends as you like but the cashback incentive is limited to the following: For detailed definitions of each category, please refer to our Terms and Conditions. Loyal DBS/POSB Customers: Which Credit Card Should You Add To Your Wallet? icon upon checkout and thats it! Must I upgrade to the latest version in order to continue using Mobile Banking? However, you may choose Learn how you can fast track your money with the OCBC 360 Account and FRANK Credit Card. We are progressively updating the app with the redesigned interface and new look, starting with the Welcome screen, Notification inbox, Account Summary dashboard, All transactions page, Main menu, Current and Savings account, and card details. You're a young working professional. Purchases made via Apple Pay, Samsung Pay, Google Pay, Fitbit Pay or Garmin Pay in SGD, To enjoy the above, you must spend at least S$800 a month. Do ensure that your details are entered accurately so that we can award you for your referrals! All rights reserved. Apply for FRANK Account with Debit Card Optional Your details NRIC / Passport no. Use the OCBC Pay Anyone app to withdraw money at the ATM. Up to $1,788 cash reward when you apply for selected eligible insurance plans. The new OCBC FRANK credit card now offers a market-leading up to 10% cashback on online, mobile contactless, and foreign currency spending, whichsufficiently covers everyday needs in Singapore. And offset booking prices instantly with OCBC reward points. Online Shopping The Cashback will be credited based on the following schedule: Get in touch with us1800 363 3333 (local) +65 6363 3333 (overseas)Contact Us, Copyright 2021 OCBC Bank. 1% in cashback on dining, transport, online shopping and purchases made at selected . Accounts; Cards; Loans; Insurance; Investments; Advisory; More; Login. However, you do earn interest with the OCBC Frank account that your card will be tied to: the OCBC Frank interest rate is 0.20% for the first S$10,000 in your account, rising to 0.40% for up to S$500,000.. The OCBC Frank Credit Card gives 8% cashback on all online, mobile contactless and foreign currency transactions with a monthly cap of S$100. I agree that the card design fee paid by me will not be refunded nor be used to pay for a similar or different card design selected by me when I replace my card for any reason whatsoever. PDF Debit Card Maintenance Form - OCBC Bank Examples include: top-ups to e-wallets including that of Grab, Youtrip, Singtel Dash, tax payments, insurance premium purchases made to financial institutions. Want more details? If you cant meet the S$30,000 requirement though, here are other options to consider: After the first two years, youll only need to spend S$10,000 annually to qualify for the automatic annual fee waiver. Like most other credit cards, payments made to educational institutions, EZ-Link top-ups, parking fees, and so on are not eligible for cashback. Terms and condition apply. Monitor your portfolio, and gain access to investment ideas and thematic articles from OCBC investment experts from the app. There's no cap to the rewards you can earn, so the more you refer, the more cashback you get in return! Save, invest and manage your money anytime, anywhere with digital banking. Protection Policy, available at. Fancy shopping at a bank branch or even enjoying a sushi meal there? You friend will also receive the same amount of cashback upon their successful FRANK Credit Card application and respective qualifying spends from 1 March 2022 to 30 April 2022. Your card replacements will continue to be in your existing design. Get details. With the same base cashback rate of 0.3% and S$600 minimum spend requirement, the OCBC Frank card is a smarter choice. Rebates and valid with a minimum monthly spend of S$500 anywhere outside of FairPrice, FairPrice On, Warehouse Club and Unity. You can earn up to 3 miles per dollar spent with this card on dining, travel & online fashion and 1.2 miles per dollar on most other transactions. Online payments are now made easy when you Click to Pay with Visa. 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. This includes your last 7 transactions from the past 7 days (including today). Read about how we calculate the net reward yield. Both you and your friend will receive cashback when you apply for a FRANK Credit Card with your friend's invite link. Apply for a FRANK Account + Debit Card and cop $10 in cashback + vouchers! Pick an all-in-one OCBC debit card for your everyday usage. If you spend less than that, you will earn a flat 0.3% in cashback.See terms and conditions, In-store mobile contactless payments / foreign currency spending, 3% off with a min. Set price alerts to monitor price fluctuations and market movements. You can continue using the current version on your mobile device with no disruption to yourexperience. A review of Saxo Markets commission fees for stocks, ETFs, bonds and futures, plus withdrawal and currency conversion fees in Singapore. What is new in the latest OCBC Mobile Banking app. Once you turn 26 years old, there is a service fee of S$2 if the average daily balance for the month is less than S$1,000. Terms and . Activate OneToken via SMS OTP and Card PIN, Activate OneToken via SMS OTP and Token Key, Transfer funds using OCBC Digital app (Unique Entity Number), Transfer funds using OCBC Digital app (Account Number), Transfer funds using OCBC Digital app (NRIC/FIN Number), View and repeat last 5 Overseas Funds Transfer, Add new payee for Overseas Funds Transfer, Transfer funds to an existing payee for Overseas Funds Transfer, Link/unlink debit card to Global Savings Account, Buy your stock - Pay Upfront (Lower Fees), Apply for Blue Chip Investment Plan (BCIP), Apply for Supplementary Retirement Scheme (SRS) Account, Transfer funds using OCBC Pay Anyone app, Pay by scanning QR Code using OCBC Pay Anyone app, Split the bill using OCBC Pay Anyone app, Make a QR cash withdrawal using OCBC Pay Anyone app, How to make bill payments through OCBC Pay Anyone app. OCBC Frank Account's maximum EIR is just 0.20% p.a., achieved at a S$50k balance-which may be out of reach for younger consumers. - Great merchant discounts & privileges, Name to appear on your card (maximum 19 characters). Debit Card Application 363 You have selected: Express yourself on a card FRANK Debit Card - Choose from free exclusive online card designs - No long queues at OCBC ATMs - Great merchant discounts & privileges Please fill in the fields.
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