Saving & Spending
OCBC FRANK Credit Card: What Are The Changes in July 2020?
By Seedly  •  June 15, 2020
After OCBC revised their interest rates for their OCBC 360 Savings Account, guess what else are they tweaking?
SpongeBob Peeking Out Of Window
Source: SpongeBob SquarePants | Giphy
That’s right. Their OCBC FRANK Credit Card benefits. So, is it for the better? Or will it be more cui (Hokkien: lousy)? Let’s find out.

TL;DR: Changes to OCBC FRANK Credit Card from 1 July 2020

Seedly OCBC FRANK Credit Card Benefit July Change

Revision of OCBC Frank Credit Card Benefits from 1 July 2020

OCBC Frank Credit Card Benefits Before 30 June 2020 After 1 July 2020
Minimum Monthly Qualifying Spend $400 offline spend $600 all eligible spend (both online and in-store)
Bonus Cashback Categories 6% for online spend 6% for online spend (capped at $25 per month)
3 to 5% entertainment 6% in-store mobile contactless payment and/or foreign currency transactions made in-store (capped at $25 per month)
0.3% all eligible spend 0.3% all eligible spend (capped at $25 per month)
Total Monthly Cashback Cap $60 $75
What if I do not meet the minimum monthly spend? 0.3% flat cashback 0.3% flat cashback
Overall, an OCBC Frank Credit Cardholder will see an increase in the minimum monthly qualifying spend from $400 to $600....
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By Seedly
Launched in 2016, Seedly helps users make smarter financial decisions with its budgeting app which allows its 40,000 users to sync up their financial accounts and better manage their cash-flow. Last year, we introduced a new community feature which allows users to crowdsource knowledge from peers before making a financial decision.
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