Miles vs Cashback

OCBC FRANK Credit Card

A youth-oriented cashback card rewarding online, mobile-contactless and foreign-currency spend, subject to a monthly minimum and a cashback cap.

Issuer
OCBC
Network
Visa
Rewards
Cashback
Annual fee
Annual fee, often waivable
Beginner-friendlyStrong overseas
Online shoppingOverseas spendGeneral spend

Pros

  • +8% cashback on online, contactless mobile and foreign-currency spend
  • +Low entry bar: S$30,000 minimum annual income for Singaporeans/PRs (S$15,000 if aged 55+)
  • +Annual fee waived for the first two years, then auto-waived with S$10,000 annual spend

Cons

  • −Requires at least S$800 in qualifying spend each month, or the rate drops to the 0.3% base
  • −Cashback is capped at S$25 per category and S$100 per month, so the 8% effectively maxes out around S$312.50 of spend per category
  • −8% foreign-currency cashback does not offset the ~3.25% foreign transaction fee (1% Visa + 2.25% OCBC) plus DCC risk for heavy overseas use
  • −No lounge access or travel perks
Annual feeS$196.20as of 16 Jun 2026
Cashback8% cashback on online, contactless mobile and foreign-currency spend (10% with the +2% green-merchant bonus), capped at S$25/category and S$100/month with S$800 min monthly spendas of 16 Jun 2026
Min. income (S'porean/PR)S$30,000/yras of 16 Jun 2026
Min. income (foreigner)S$45,000/yras of 16 Jun 2026

Eligibility: Minimum annual income S$30,000 for Singaporeans/PRs aged 21-54 (S$15,000 for those 55+) and S$45,000 for foreigners.

Who it’s for

The OCBC FRANK Credit Card is a cashback card from OCBC, best suited to people who spend on online shopping, overseas spend and general spend. It's beginner-friendly and strong for overseas spend. It carries an annual fee that can often be waived. Confirm the current terms before applying.

View official detailsAlways confirm the latest fees, rates and terms on the issuer’s site.

Sources

Last reviewed 16 Jun 2026.

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