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?
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
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....