Subscription Modal Banner
Weekly newsletter subscription
Get SingSaver’s top tips and deals, plus an exclusive free guide to investing, sent straight to your inbox.

I agree to the terms and conditions and agree to receive relevant marketing content according to the privacy policy.

Success Tick Icon
Congratulations on successfully joining Singsaver Newsletter
Blog
Savings & Credit Cards
Card Reviews

OCBC Frank Debit & Credit Cards: Best Cashback & Card Designs For Gen Zs

SingSaver team

SingSaver team

Last updated 22 September, 2023
22 sep_ocbc frank debit card vs credit card_blog hero_v2

Gen Zs, listen up – the OCBC FRANK Card is back with refreshed offerings and bigger rewards for you.

For those who adore cashback, you'll likely be familiar with the titular debit and credit card rolled out by "FRANK by OCBC". But for the uninitiated, these cashback cards are back and better than ever before: the OCBC FRANK Debit Card is out here promising unlimited cashback with even bonus cashback at Apple and Samsung stores for a limited time only! (Did you know that it also comes with an exciting array of debit card designs to customise from? ✨)

Meanwhile, the OCBC FRANK Credit Card promises attractive cashback on online, mobile contactless, foreign currency spend, and even bonus cashback on select eco-merchants – effectively reclaiming its throne as the cashback card for every spend-thrifty Gen Z out there.

Curious to discover what else these cards have to offer, both functionally and perhaps, aesthetically? Then keep on reading! 🤓

Table of contents

Why is the OCBC FRANK Debit Card great for Gen Zs?

OCBC Frank Debit Card

OCBC Frank Debit Card
See more
See less
Debug data (SizeLimitingPyMap: {market=singsaver, badges={show=true, exclusive={background={color=#CCFBF1, opacity=100, rgba=rgba(204, 251, 241, 1), rgb=rgb(204, 251, 241), hex=#CCFBF1, css=#CCFBF1}, color={color=#0D968B, opacity=100, rgba=rgba(13, 150, 139, 1), rgb=rgb(13, 150, 139), hex=#0D968B, css=#0D968B}, text=Exclusive Offer}, featured={background={color=#FFF6EB, opacity=100, rgba=rgba(255, 246, 235, 1), rgb=rgb(255, 246, 235), hex=#FFF6EB, css=#FFF6EB}, color={color=#E9590C, opacity=100, rgba=rgba(233, 89, 12, 1), rgb=rgb(233, 89, 12), hex=#E9590C, css=#E9590C}, text=Featured}, welcome={background={color=#E5F4FF, opacity=100, rgba=rgba(229, 244, 255, 1), rgb=rgb(229, 244, 255), hex=#E5F4FF, css=#E5F4FF}, color={color=#0080F0, opacity=100, rgba=rgba(0, 128, 240, 1), rgb=rgb(0, 128, 240), hex=#0080F0, css=#0080F0}, text=Welcome Gift}, popular={background={color=#c6b0d9, opacity=100, rgba=rgba(198, 176, 217, 1), rgb=rgb(198, 176, 217), hex=#c6b0d9, css=#c6b0d9}, color={color=#9a6fbf, opacity=100, rgba=rgba(154, 111, 191, 1), rgb=rgb(154, 111, 191), hex=#9a6fbf, css=#9a6fbf}, text=Popular}, time_limited={background={color=#FEF1F1, opacity=100, rgba=rgba(254, 241, 241, 1), rgb=rgb(254, 241, 241), hex=#FEF1F1, css=#FEF1F1}, color={color=#DC2828, opacity=100, rgba=rgba(220, 40, 40, 1), rgb=rgb(220, 40, 40), hex=#DC2828, css=#DC2828}, text=Time Limited}, time_limited_countdown={background={color=#FEF1F1, opacity=100, rgba=rgba(254, 241, 241, 1), rgb=rgb(254, 241, 241), hex=#FEF1F1, css=#FEF1F1}, color={color=#DC2828, opacity=100, rgba=rgba(220, 40, 40, 1), rgb=rgb(220, 40, 40), hex=#DC2828, css=#DC2828}, text=}, best_value={background={color=#EBFEFF, opacity=100, rgba=rgba(235, 254, 255, 1), rgb=rgb(235, 254, 255), hex=#EBFEFF, css=#EBFEFF}, color={color=#088EAF, opacity=100, rgba=rgba(8, 142, 175, 1), rgb=rgb(8, 142, 175), hex=#088EAF, css=#088EAF}, text=Best Value}}, product_moneyhero={product=Optional.empty, comparables=[MINIMUM_ANNUAL_INCOME, CASHBACK_LOCAL, ANNUAL_FEE], ad_hoc_comparables=[], reorder_comparables=[], cta_button={show=true, url={url={type=EXTERNAL, content_id=null, href=}, open_in_new_tab=true, no_follow=false, sponsored=false, user_generated_content=false, rel=noopener}}}, static_text={rewards=Exclusive SingSaver Promotion, see_more=See more, see_less=See less, cta_button_label=Apply Now, cta_button_subtext=, yes=Yes, no=No, day=Day, days=Days}, product_singsaver={comparables=[CASHBACK_LOCAL, MINIMUM_MONTHLY_SPEND], product={id=59168070078, table_id=4702395, table_name=product_singsaver, columns={hs_id=59168070078, hs_child_table_id=0, hs_updated_at=1684906352312, hs_published_at=1696003393318, productid=bltbca758625b5999ef_12_en-sg, data={"__typename":"BankAccount","id":"bltbca758625b5999ef_12_en-sg","image":{"url":"https://images.contentstack.io/v3/assets/bltc05b5aa7ae1c3a47/bltb5bdd101f8866d4c/5c529d89cf375c6030cf511f/OCBCFrankDebitCard.png","description":"","dimension":null},"featured":false,"promotional":null,"comparables":[{"__typename":"CompareElementSimple","title":{"key":"MIN_MONTHLY_SPEND","display":"Min. Monthly Spend"},"sortValue":400000,"displayValue":"400","tooltip":null,"description":"","prefix":"S$","suffix":""},{"__typename":"CompareElementSimple","title":{"key":"MINIMUM_MONTHLY_INCOME","display":"Min. Monthly Income"},"sortValue":9007199254740991,"displayValue":"No Requirement","tooltip":null,"description":"","prefix":"","suffix":""},{"__typename":"CompareElementSimple","title":{"key":"CASHBACK_ALL_SPENDING","display":"Cashback"},"sortValue":-1000,"displayValue":"1","tooltip":null,"description":"on fastfood, selected convenience stores, online merchants and transport merchants, with minimum spend of $400 per calendar month","prefix":"","suffix":"%"}],"ctaButton":null,"functional":{"metaData":{"alias":"ocbc-frank-debit-card"},"rateTableEntries":null,"fees":null,"defaults":null},"provider":{"alias":"ocbc","providerName":"OCBC"},"description":{"shortDescription":[]},"productName":"OCBC Frank Debit Card","title":"SG.BA.OCBC0002.OCBCFRANKDEBITCARD","features":{"title":"Features","pros":["120 stylish designs to choose from. Customisation fees range from S$0 to S$30 depending on card design.","Earn cash rebates across your daily expenses on transport and online spend","Get a 1% rebate with your FRANK Debit Card when you shop, eat, and ride","Merchants include Grab, Zalora, Lazada, Fairprice Online, 7-Eleven, and McDonald's"],"cons":["You need to have a OCBC Deposit Account"]},"eligibility":[{"type":{"key":"MINIMUM_AGE","display":"Minimum Age"},"value":"16","description":{"shortDescription":"16","longDescription":null,"tooltip":null}},{"type":{"key":"MINIMUM_MONTHLY_SPEND","display":"Monthly Spend Required"},"value":"400","description":{"shortDescription":"S$400","longDescription":null,"tooltip":null}},{"type":{"key":"MINIMUM_MONTHLY_INCOME","display":"Min. Monthly Income"},"value":"","description":{"shortDescription":"No Requirement","longDescription":null,"tooltip":null}}],"enableCountdown":false,"enableFlipBanner":false,"documents":null,"disclaimer":null,"applicationProcess":[{"type":null,"data":null}],"fees":[],"productPrivileges":null,"interestRateTiers":null,"imageOrientation":null}, hs_created_at=1672893166474, hs_is_edited=false, hs_deleted_at=0, productname=OCBC Frank Debit Card}}, ad_hoc_comparables=[], reorder_comparables=[], cta_button={show=true, url={url={type=EXTERNAL, content_id=null, href=}, open_in_new_tab=true, no_follow=false, sponsored=false, user_generated_content=false, rel=noopener}}}, tabs={fees={show=false, expanded=false, order_sequence=1, heading=Fees, labels={fee_frequency=Fee Frequency, duration_of_inactivity=Duration of Inactivity, duration_of_inactivity_indicator=Duration of Inactivity Indicator}}, promotions_terms_and_conditions={show=false, expanded=false, order_sequence=1, heading=Terms & Conditions, additional_offer=Additional Offer, exclusive_offer=Exclusive Offer, welcome_offer=Welcome Offer}, usage={show=false, expanded=false, order_sequence=1, heading=Usage, labels=[]}, show=true, features={show=true, expanded=true, order_sequence=1, heading=Features}, eligibility={show=true, expanded=false, order_sequence=1, heading=Eligibility, text=Eligibility}, basic_benefit={show=true, expanded=false, order_sequence=1, heading=Basic Benefits, items=[]}, enhanced_benefit={show=true, expanded=false, order_sequence=1, heading=Enhanced Benefits, items=[]}, other_benefit={show=true, expanded=false, order_sequence=1, heading=Other Benefits, items=[]}, benefit_limits={show=true, expanded=false, order_sequence=1, heading=Benefit Limits, items=[]}}, product_moneymax={product=Optional.empty, comparables=[MINIMUM_ANNUAL_INCOME, CASHBACK_LOCAL, ANNUAL_FEE], ad_hoc_comparables=[], reorder_comparables=[], cta_button={show=true, url={url={type=EXTERNAL, content_id=null, href=}, open_in_new_tab=true, no_follow=false, sponsored=false, user_generated_content=false, rel=noopener}}}, style={primary={color=#00AAFB, opacity=100, rgba=rgba(0, 170, 251, 1), rgb=rgb(0, 170, 251), hex=#00AAFB, css=#00AAFB}, call_to_action_background={color=#F97316, opacity=100, rgba=rgba(249, 115, 22, 1), rgb=rgb(249, 115, 22), hex=#F97316, css=#F97316}, call_to_action_color={color=#FFFFFF, opacity=100, rgba=rgba(255, 255, 255, 1), rgb=rgb(255, 255, 255), hex=#FFFFFF, css=#FFFFFF}, call_to_action_subtext_color={color=#687076, opacity=100, rgba=rgba(104, 112, 118, 1), rgb=rgb(104, 112, 118), hex=#687076, css=#687076}, theme=default, summary_section_label={color=#18794E, opacity=100, rgba=rgba(24, 121, 78, 1), rgb=rgb(24, 121, 78), hex=#18794E, css=#18794E}, star_rating={background={color=#FFFFFF, opacity=100, rgba=rgba(255, 255, 255, 1), rgb=rgb(255, 255, 255), hex=#FFFFFF, css=#FFFFFF}, fill={color=#FFFF04, opacity=100, rgba=rgba(255, 255, 4, 1), rgb=rgb(255, 255, 4), hex=#FFFF04, css=#FFFF04}}}, type=module, promotional={display_within_collapsible=true, show_banner=true}, product_money101={product=Optional.empty, comparables=[ANNUAL_FEE, MIN_SPEND_INSTALMENTS_TAX, MAX_CASHBACK_ONLINE_SHOPPING], ad_hoc_comparables=[], comparable_order=[], cta_button={show=true, url={url={type=EXTERNAL, content_id=null, href=}, open_in_new_tab=true, no_follow=false, sponsored=false, user_generated_content=false, rel=noopener}}}}) null (SizeLimitingPyMap: {id=59168070078, table_id=4702395, table_name=product_singsaver, columns={hs_id=59168070078, hs_child_table_id=0, hs_updated_at=1684906352312, hs_published_at=1696003393318, productid=bltbca758625b5999ef_12_en-sg, data={"__typename":"BankAccount","id":"bltbca758625b5999ef_12_en-sg","image":{"url":"https://images.contentstack.io/v3/assets/bltc05b5aa7ae1c3a47/bltb5bdd101f8866d4c/5c529d89cf375c6030cf511f/OCBCFrankDebitCard.png","description":"","dimension":null},"featured":false,"promotional":null,"comparables":[{"__typename":"CompareElementSimple","title":{"key":"MIN_MONTHLY_SPEND","display":"Min. Monthly Spend"},"sortValue":400000,"displayValue":"400","tooltip":null,"description":"","prefix":"S$","suffix":""},{"__typename":"CompareElementSimple","title":{"key":"MINIMUM_MONTHLY_INCOME","display":"Min. Monthly Income"},"sortValue":9007199254740991,"displayValue":"No Requirement","tooltip":null,"description":"","prefix":"","suffix":""},{"__typename":"CompareElementSimple","title":{"key":"CASHBACK_ALL_SPENDING","display":"Cashback"},"sortValue":-1000,"displayValue":"1","tooltip":null,"description":"on fastfood, selected convenience stores, online merchants and transport merchants, with minimum spend of $400 per calendar month","prefix":"","suffix":"%"}],"ctaButton":null,"functional":{"metaData":{"alias":"ocbc-frank-debit-card"},"rateTableEntries":null,"fees":null,"defaults":null},"provider":{"alias":"ocbc","providerName":"OCBC"},"description":{"shortDescription":[]},"productName":"OCBC Frank Debit Card","title":"SG.BA.OCBC0002.OCBCFRANKDEBITCARD","features":{"title":"Features","pros":["120 stylish designs to choose from. Customisation fees range from S$0 to S$30 depending on card design.","Earn cash rebates across your daily expenses on transport and online spend","Get a 1% rebate with your FRANK Debit Card when you shop, eat, and ride","Merchants include Grab, Zalora, Lazada, Fairprice Online, 7-Eleven, and McDonald's"],"cons":["You need to have a OCBC Deposit Account"]},"eligibility":[{"type":{"key":"MINIMUM_AGE","display":"Minimum Age"},"value":"16","description":{"shortDescription":"16","longDescription":null,"tooltip":null}},{"type":{"key":"MINIMUM_MONTHLY_SPEND","display":"Monthly Spend Required"},"value":"400","description":{"shortDescription":"S$400","longDescription":null,"tooltip":null}},{"type":{"key":"MINIMUM_MONTHLY_INCOME","display":"Min. Monthly Income"},"value":"","description":{"shortDescription":"No Requirement","longDescription":null,"tooltip":null}}],"enableCountdown":false,"enableFlipBanner":false,"documents":null,"disclaimer":null,"applicationProcess":[{"type":null,"data":null}],"fees":[],"productPrivileges":null,"interestRateTiers":null,"imageOrientation":null}, hs_created_at=1672893166474, hs_is_edited=false, hs_deleted_at=0, productname=OCBC Frank Debit Card}})

OCBC FRANK Debit Card product summary:

  • 1% unlimited cashback on fast food dining, online shopping, entertainment, eco-friendly merchants, transport, and convenience stores
  • Bonus 1% cashback at Apple and Samsung stores (till 31 Oct 2023)
  • Over 60 customisable card face designs to select from
  • No annual fees
  • Two free card replacements within first 12 months from first card replacement
    • S$30 replacement fee thereafter per calendar year
  • Age eligibility: 16 - 25 years old
  • Foreign currency transaction fee: 3.25%
  • Currency conversion fee: 2.80%
  • Earn 4X more interest with the OCBC FRANK account with no hidden fees
    • No initial deposit amount
    • No fall below fee until 25 years old; S$2 fee per month thereafter

Reason #1: Earn 1% unlimited cashback (& bonus cashback) on your favourite merchants

From the overview alone, the OCBC FRANK debit card looks pretty straightforward, doesn't it? It earns 1% unlimited cashback on everyday spend merchants.

The eligible merchants and their respective categories are as follows:

Source: OCBC

All things considered, this limitless 1% cashback rate is actually quite respectable because keep in mind, this is a debit card for youths after all; pitting its cashback rates against other cashback credit cards wouldn't be fair game. In fact, unlimited cashback cards already earn between 1.5% to 1.7% cashback, so the OCBC FRANK debit card is really not too far off!

Here are some other credit card options in these categories:

💡Pro-tip: The UOB One Credit Card offers up to 15% cashback at 7-Eleven specifically since the convenience store operates under Dairy Farm International. 

Meanwhile, for those who've been hyped for the Apple iPhone 15 launch, the OCBC FRANK debit card's right up your alley! From now till 31 October, enjoy a bonus 1% cashback on Apple and Samsung transactions, both online and at physical stores!

Do note that to earn both the unlimited and bonus cashback, you'll need to spend at least S$400 per month on eligible transactions to qualify. Otherwise, you will not be eligible for any cashback whatsoever.

Yes, you read that right, not even any base cashback, so that's quite a bummer. Nevertheless, that doesn't mean the debit card and savings account are entirely useless, because, they'll still perform their primary functions (building and spending on savings) – just without the added bonus of cash rebate. 

Yet at the same time, as a Gen Z, we believe you should more or less be able to hit S$400 every month, isn't that right? 😜

 

Reason #2: Customise your debit card from over 60 designs

Source: OCBC

Which other bank allows you to customise your debit card with such cute, stylish, and trendy designs? 'Nuff said. Express yourself to the fullest with the card face of your choice, with a selection of over 60 designs available. They've even recently collaborated with local artist, Cliothewindow, to create K-drama-inspired designs that are perfect for every young couple out there!

Easily appealing to the Gen Z crowds, these debit card designs are enough incentive to apply and open an OCBC FRANK savings account itself. Our personal favourites are the Gilded Goldies, Ok Boomer, Lofi, Flow of Life, Fuji, and any of the couple's designs! 👀

OCBC Frank Account

OCBC Frank Account
See more
See less
Debug data (SizeLimitingPyMap: {market=singsaver, badges={show=true, exclusive={background={color=#CCFBF1, opacity=100, rgba=rgba(204, 251, 241, 1), rgb=rgb(204, 251, 241), hex=#CCFBF1, css=#CCFBF1}, color={color=#0D968B, opacity=100, rgba=rgba(13, 150, 139, 1), rgb=rgb(13, 150, 139), hex=#0D968B, css=#0D968B}, text=Exclusive Offer}, featured={background={color=#FFF6EB, opacity=100, rgba=rgba(255, 246, 235, 1), rgb=rgb(255, 246, 235), hex=#FFF6EB, css=#FFF6EB}, color={color=#E9590C, opacity=100, rgba=rgba(233, 89, 12, 1), rgb=rgb(233, 89, 12), hex=#E9590C, css=#E9590C}, text=Featured}, welcome={background={color=#E5F4FF, opacity=100, rgba=rgba(229, 244, 255, 1), rgb=rgb(229, 244, 255), hex=#E5F4FF, css=#E5F4FF}, color={color=#0080F0, opacity=100, rgba=rgba(0, 128, 240, 1), rgb=rgb(0, 128, 240), hex=#0080F0, css=#0080F0}, text=Welcome Gift}, popular={background={color=#c6b0d9, opacity=100, rgba=rgba(198, 176, 217, 1), rgb=rgb(198, 176, 217), hex=#c6b0d9, css=#c6b0d9}, color={color=#9a6fbf, opacity=100, rgba=rgba(154, 111, 191, 1), rgb=rgb(154, 111, 191), hex=#9a6fbf, css=#9a6fbf}, text=Popular}, time_limited={background={color=#FEF1F1, opacity=100, rgba=rgba(254, 241, 241, 1), rgb=rgb(254, 241, 241), hex=#FEF1F1, css=#FEF1F1}, color={color=#DC2828, opacity=100, rgba=rgba(220, 40, 40, 1), rgb=rgb(220, 40, 40), hex=#DC2828, css=#DC2828}, text=Time Limited}, time_limited_countdown={background={color=#FEF1F1, opacity=100, rgba=rgba(254, 241, 241, 1), rgb=rgb(254, 241, 241), hex=#FEF1F1, css=#FEF1F1}, color={color=#DC2828, opacity=100, rgba=rgba(220, 40, 40, 1), rgb=rgb(220, 40, 40), hex=#DC2828, css=#DC2828}, text=}, best_value={background={color=#EBFEFF, opacity=100, rgba=rgba(235, 254, 255, 1), rgb=rgb(235, 254, 255), hex=#EBFEFF, css=#EBFEFF}, color={color=#088EAF, opacity=100, rgba=rgba(8, 142, 175, 1), rgb=rgb(8, 142, 175), hex=#088EAF, css=#088EAF}, text=Best Value}}, product_moneyhero={product=Optional.empty, comparables=[MINIMUM_ANNUAL_INCOME, CASHBACK_LOCAL, ANNUAL_FEE], ad_hoc_comparables=[], reorder_comparables=[], cta_button={show=true, url={url={type=EXTERNAL, content_id=null, href=}, open_in_new_tab=true, no_follow=false, sponsored=false, user_generated_content=false, rel=noopener}}}, static_text={see_more=See more, see_less=See less, cta_button_label=Apply Now, cta_button_subtext=, rewards=獎勵, yes=Yes, no=No, day=Day, days=Days}, product_singsaver={comparables=[MINIMUM_ANNUAL_INCOME, FALL_BELOW_MONTHLY_FEES, APR_WITH_YEARLY_INTEREST_RATE, INTEREST_RATE_WITH_APR], product={id=59168069874, table_id=4702395, table_name=product_singsaver, columns={hs_id=59168069874, hs_child_table_id=0, hs_updated_at=1672893166273, hs_published_at=1696003393318, productid=bltc6429b5e107c69e3_21_en-sg, data={"__typename":"BankAccount","id":"bltc6429b5e107c69e3_21_en-sg","image":{"url":"https://images.contentstack.io/v3/assets/bltc05b5aa7ae1c3a47/blta10de954a4671edf/5c529d860494cc4030a8b75e/OCBC.png","description":"TODO","dimension":null},"featured":false,"promotional":null,"comparables":[{"__typename":"CompareElementSimple","title":{"key":"MIN_DEPOSIT_AMOUNT","display":"Min. Initial Deposit"},"sortValue":0,"displayValue":"0","tooltip":null,"description":"","prefix":"S$","suffix":""},{"__typename":"CompareElementSimple","title":{"key":"INTEREST_RATE","display":"Min Annual Interest Rate"},"sortValue":-50,"displayValue":"0.05","tooltip":null,"description":"","prefix":"","suffix":"%"},{"__typename":"CompareElementSimple","title":{"key":"MAX_INTEREST_RATE","display":"Max Annual Interest Rate"},"sortValue":-200,"displayValue":"0.2","tooltip":null,"description":"","prefix":"","suffix":"%"}],"ctaButton":null,"functional":{"metaData":{"alias":"ocbc-frank-account"},"rateTableEntries":null,"fees":null,"defaults":null},"provider":{"alias":"ocbc","providerName":"OCBC"},"description":{"shortDescription":[]},"productName":"OCBC Frank Account","title":"SG.BA.OCBC0001.FRANKACCOUNT","features":{"title":"Features","pros":["Maintain an account balance above S$50,000 to enjoy a 0.2% interest rate p.a.","Earn 0.1% p.a. on your first S$25,000","No initial deposit required for account holders below 26 years old","Insured up to S$75,000 by SDIC. Additional <a href=\"https://www.frankbyocbc.com/products/accounts/frank-account\" target=\"_blank\">T&Cs</a> apply.","Read our full review of the <a href=\"https://www.singsaver.com.sg/blog/ocbc-frank-account\" target=\"_blank\">OCBC Frank Account</a>"],"cons":["Fall-below fee of S$2 if average daily balance falls below S$1,000 (waived if below 26 years old)","Early closure fees of S$30 if account is closed within 6 months"]},"eligibility":[{"type":{"key":"MINIMUM_MONTHLY_INCOME","display":"Min. Monthly Income"},"value":"0","description":{"shortDescription":"No Requirement","longDescription":null,"tooltip":null}},{"type":{"key":"MINIMUM_AGE","display":"Minimum Age"},"value":"","description":{"shortDescription":"16","longDescription":null,"tooltip":null}}],"enableCountdown":false,"enableFlipBanner":false,"documents":null,"disclaimer":null,"applicationProcess":[{"type":null,"data":null}],"fees":[{"type":{"key":"FALL_BELOW_MIN_DEPOSIT_FEE","display":"FALL_BELOW_MIN_DEPOSIT_FEE"},"value":"2","description":{"shortDescription":"","longDescription":"","tooltip":null}}],"productPrivileges":null,"interestRateTiers":null,"imageOrientation":null}, hs_created_at=1672893166273, hs_is_edited=false, hs_deleted_at=0, productname=OCBC Frank Account}}, ad_hoc_comparables=[], reorder_comparables=[], cta_button={show=true, url={url={type=EXTERNAL, content_id=null, href=}, open_in_new_tab=true, no_follow=false, sponsored=false, user_generated_content=false, rel=noopener}}}, tabs={fees={show=false, expanded=false, order_sequence=1, heading=Fees, labels={fee_frequency=Fee Frequency, duration_of_inactivity=Duration of Inactivity, duration_of_inactivity_indicator=Duration of Inactivity Indicator}}, promotions_terms_and_conditions={show=false, expanded=false, order_sequence=1, heading=Terms & Conditions, additional_offer=Additional Offer, exclusive_offer=Exclusive Offer, welcome_offer=Welcome Offer}, usage={show=false, expanded=false, order_sequence=1, heading=Usage, labels=[]}, show=true, features={show=true, expanded=true, order_sequence=1, heading=Features}, eligibility={show=true, expanded=false, order_sequence=1, heading=Eligibility, text=Eligibility}, basic_benefit={show=true, expanded=false, order_sequence=1, heading=Basic Benefits, items=[]}, enhanced_benefit={show=true, expanded=false, order_sequence=1, heading=Enhanced Benefits, items=[]}, other_benefit={show=true, expanded=false, order_sequence=1, heading=Other Benefits, items=[]}, benefit_limits={show=true, expanded=false, order_sequence=1, heading=Benefit Limits, items=[]}}, product_moneymax={product=Optional.empty, comparables=[MINIMUM_ANNUAL_INCOME, CASHBACK_LOCAL, ANNUAL_FEE], ad_hoc_comparables=[], reorder_comparables=[], cta_button={show=true, url={url={type=EXTERNAL, content_id=null, href=}, open_in_new_tab=true, no_follow=false, sponsored=false, user_generated_content=false, rel=noopener}}}, style={primary={color=#00AAFB, opacity=100, rgba=rgba(0, 170, 251, 1), rgb=rgb(0, 170, 251), hex=#00AAFB, css=#00AAFB}, call_to_action_background={color=#F97316, opacity=100, rgba=rgba(249, 115, 22, 1), rgb=rgb(249, 115, 22), hex=#F97316, css=#F97316}, call_to_action_color={color=#FFFFFF, opacity=100, rgba=rgba(255, 255, 255, 1), rgb=rgb(255, 255, 255), hex=#FFFFFF, css=#FFFFFF}, call_to_action_subtext_color={color=#687076, opacity=100, rgba=rgba(104, 112, 118, 1), rgb=rgb(104, 112, 118), hex=#687076, css=#687076}, theme=default, summary_section_label={color=#18794E, opacity=100, rgba=rgba(24, 121, 78, 1), rgb=rgb(24, 121, 78), hex=#18794E, css=#18794E}, star_rating={background={color=#FFFFFF, opacity=100, rgba=rgba(255, 255, 255, 1), rgb=rgb(255, 255, 255), hex=#FFFFFF, css=#FFFFFF}, fill={color=#FFFF04, opacity=100, rgba=rgba(255, 255, 4, 1), rgb=rgb(255, 255, 4), hex=#FFFF04, css=#FFFF04}}}, type=module, promotional={display_within_collapsible=true, show_banner=true}, product_money101={product=Optional.empty, comparables=[ANNUAL_FEE, MIN_SPEND_INSTALMENTS_TAX, MAX_CASHBACK_ONLINE_SHOPPING], ad_hoc_comparables=[], comparable_order=[], cta_button={show=true, url={url={type=EXTERNAL, content_id=null, href=}, open_in_new_tab=true, no_follow=false, sponsored=false, user_generated_content=false, rel=noopener}}}}) null (SizeLimitingPyMap: {id=59168069874, table_id=4702395, table_name=product_singsaver, columns={hs_id=59168069874, hs_child_table_id=0, hs_updated_at=1672893166273, hs_published_at=1696003393318, productid=bltc6429b5e107c69e3_21_en-sg, data={"__typename":"BankAccount","id":"bltc6429b5e107c69e3_21_en-sg","image":{"url":"https://images.contentstack.io/v3/assets/bltc05b5aa7ae1c3a47/blta10de954a4671edf/5c529d860494cc4030a8b75e/OCBC.png","description":"TODO","dimension":null},"featured":false,"promotional":null,"comparables":[{"__typename":"CompareElementSimple","title":{"key":"MIN_DEPOSIT_AMOUNT","display":"Min. Initial Deposit"},"sortValue":0,"displayValue":"0","tooltip":null,"description":"","prefix":"S$","suffix":""},{"__typename":"CompareElementSimple","title":{"key":"INTEREST_RATE","display":"Min Annual Interest Rate"},"sortValue":-50,"displayValue":"0.05","tooltip":null,"description":"","prefix":"","suffix":"%"},{"__typename":"CompareElementSimple","title":{"key":"MAX_INTEREST_RATE","display":"Max Annual Interest Rate"},"sortValue":-200,"displayValue":"0.2","tooltip":null,"description":"","prefix":"","suffix":"%"}],"ctaButton":null,"functional":{"metaData":{"alias":"ocbc-frank-account"},"rateTableEntries":null,"fees":null,"defaults":null},"provider":{"alias":"ocbc","providerName":"OCBC"},"description":{"shortDescription":[]},"productName":"OCBC Frank Account","title":"SG.BA.OCBC0001.FRANKACCOUNT","features":{"title":"Features","pros":["Maintain an account balance above S$50,000 to enjoy a 0.2% interest rate p.a.","Earn 0.1% p.a. on your first S$25,000","No initial deposit required for account holders below 26 years old","Insured up to S$75,000 by SDIC. Additional <a href=\"https://www.frankbyocbc.com/products/accounts/frank-account\" target=\"_blank\">T&Cs</a> apply.","Read our full review of the <a href=\"https://www.singsaver.com.sg/blog/ocbc-frank-account\" target=\"_blank\">OCBC Frank Account</a>"],"cons":["Fall-below fee of S$2 if average daily balance falls below S$1,000 (waived if below 26 years old)","Early closure fees of S$30 if account is closed within 6 months"]},"eligibility":[{"type":{"key":"MINIMUM_MONTHLY_INCOME","display":"Min. Monthly Income"},"value":"0","description":{"shortDescription":"No Requirement","longDescription":null,"tooltip":null}},{"type":{"key":"MINIMUM_AGE","display":"Minimum Age"},"value":"","description":{"shortDescription":"16","longDescription":null,"tooltip":null}}],"enableCountdown":false,"enableFlipBanner":false,"documents":null,"disclaimer":null,"applicationProcess":[{"type":null,"data":null}],"fees":[{"type":{"key":"FALL_BELOW_MIN_DEPOSIT_FEE","display":"FALL_BELOW_MIN_DEPOSIT_FEE"},"value":"2","description":{"shortDescription":"","longDescription":"","tooltip":null}}],"productPrivileges":null,"interestRateTiers":null,"imageOrientation":null}, hs_created_at=1672893166273, hs_is_edited=false, hs_deleted_at=0, productname=OCBC Frank Account}})


See also: Best Savings Accounts in Singapore to Stash Your Cash

Why is the OCBC FRANK Credit Card perfect for Gen Zs?

OCBC-FRANK-Platinum-U1200476-Front(RGB)-2

OCBC FRANK credit card product summary:

  • 8% cashback on online, mobile contactless, and foreign currency transactions
  • Extra 2% cashback on selected eco-merchants
  • Minimum S$800 spend per calendar month required
  • Cashback capped at S$100 total per month, or broken down into S$25 per category
  • First 2 years annual fee waiver

Now for the debit card's more "adulting" counterpart, the OCBC FRANK Credit Card is a popular cashback card among many millennials and for good reason! While we won't go into the details (because we have its card review for that), here are some of our favourite advantages of the card.

Reason #1: Attractive 8% cashback on a wide range of categories

The OCBC Frank Credit Card features a highly attractive 8% cashback on online, mobile contactless, and foreign currency transactions. This proves fairly convenient given the widespread prevalence of online shopping and transactions nowadays.

Payments included range from clothes to gadgets, or even flights and hotels to movie tickets and even Grab rides! Talk about covering all bases of a Gen Z's lifestyle spending habits!

Reason #2: Go eco-friendly with extra 2% cashback

As the saying goes, "A little goes a long way" – and the same applies to contributing towards our environment. For the eco-conscious Gen Zs, the OCBC Frank Credit Card is like a breath of fresh air because it rewards you with an additional 2% cashback on selected eco-merchant transactions from supermarkets to eco-retailers.

While it may initially appear contradictory or counterintuitive, considering that credit cards do encourage consumerism, the extra 2% cashback does incentivise cardholders to shop more environmentally, so that does count for something. 

⭐ Read our complete OCBC FRANK credit card review for the full run-down on utilising this card to its fullest!

OCBC_BLOGARTICLE_800x250

SingSaver Exclusive Offer: For a limited time only, snag a Dyson Airwrap™ multi-styler (Complete) (worth S$859) on top of your chosen reward if you are one of the first 10 applicants of select OCBC Credit Cards at 12pm and 3pm daily during the flash deal period. Valid till 1 October 2023. T&Cs apply.

Receive an Apple iPad 9th Gen 10.2 Wifi 64GB (worth S$503.65) or an AirPods Pro Gen 2 + MagSafe Charger bundle (worth S$421.90) or S$350 eCapitaVoucher or S$250 Cash via PayNow when you make a min. spend S$500 within 30 days of card approval. Valid till 4 October 2023. T&Cs apply.

OCBC FRANK Credit Card: Good upgrade from the debit card

All in all, if you're familiar with cashback cards and their mechanics, you may have already made your mind up on the OCBC FRANK Credit Card two paragraphs ago.

However, for those holding the OCBC Frank Debit Card, you’ll find the OCBC FRANK Credit Card a close cousin.

Both the credit and debit versions of the FRANK Card work similarly, giving you rebates as you spend, ultimately saving you money over time. However, the FRANK Credit Card gives you much better rebate rates (up to 10%) compared to the Debit Card version (albeit unlimited, only 1%).

The key difference here is that the FRANK Credit Card will incur interest if you fail to pay your statement in full. (Whereas for the FRANK Debit Card, you won’t incur interest charges simply because you’re limited to the funds you already have in your account.)

Overall, upgrading from OCBC FRANK debit card to credit seems like the next logical step, rewarding you with better rebates while learning the finer points of money management.


Read these next:
OCBC FRANK Credit Card Review: 10% Cashback On Online Spend
Credit Card Comparison: DBS Live Fresh vs UOB EVOL vs OCBC FRANK
Best Credit Cards For Young Adults in Singapore
5 Tips For Millennials to Start Adulting Financially
Why A Young Working Adult Should Build A Strong Credit Score
How to Start Investing in My Teens, Twenties, Thirties, Forties

Similar articles
Valentine’s Day 2017 Singapore Staycation Deals
CPF Investment Scheme (CPFIS): Guide To Investing With Your CPF
4 Things To Do With Your Children’s Ang Bao Money
Birth Control Pills in Singapore: Where to Buy, How it Works, Side Effects
Cost Comparison (Makeup Edition): Watsons vs Guardian
Great Eastern GREAT Cancer Guard Review: Fixed-premium Cancer Care With High Sum Assured
Best Air Fryers Singapore 2021: Tips, Reviews, Prices And More
Cash Vs Credit Card Vs Multicurrency Card For Travelling Overseas

Tags OCBC Frank credit card OCBC Guides & Tips credit card review Cashback Cards Credit Card Unlimited Cashback Cards

SingSaver team

SingSaver team

At SingSaver, we make personal finance accessible with easy to understand personal finance reads, tools and money hacks that simplify all of life’s financial decisions for you.

Back to Blog

FINANCIAL TIP:

Use a personal loan to consolidate your outstanding debt at a lower interest rate!

Sign up for our newsletter for financial tips, tricks and exclusive information that can be personalised to your preferences!

© 2015-2023 SingSaver PTE LTD. All rights reserved. This online platform is operated by SingSaver Pte. 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 and Privacy Policy of the SingSaver Website. All insurance product-related transactions on the SingSaver Website are arranged and administered by SingSaver Insurance Brokers Pte. Ltd., a wholly owned subsidiary of SingSaver Pte. Ltd. SingSaver Insurance Brokers Pte. Ltd. is a licensed and authorised broker regulated by the Monetary Authority of Singapore (“MAS”). SingSaver Pte. Ltd. (which administers all other financial products on the SingSaver Website) is not regulated by MAS. SingSaver is located at Eon Shenton, 70 Shenton Way, 18-08, Singapore, 079118.