FRANKly speaking, 6% rebate is a lot!

OCBC launched the FRANK Credit Card some time ago. The main draw for this card is that you get back 6% rebates on online purchases, and NETS Flashpay auto top ups. Yup, 6%! The catch? You have to spend a minimum of $500/month. $500 of online and/or offline purchases that is, but to maximise your rebates, it makes sense to just make online purchases or use your  NETS Flashpay.

Here’s some sites and ways you can clock up $500 in online/Flashpay spendings:

Online

Currently, OCBC has compiled a pdf list of online sites which are confirmed to give you your 6% rebate. Hardwarezone users have compiled another google doc list.

The commonly used sites includes:

• Movies/Performances: Cathay Cineplex, gv.com.sg, Shaw Mobile, Sistic
• Travel: Agoda, Air Asia (SG), Cheaptickets.sg, Hotels.com, Jetstar, Qatar Airways, Scoot, Singaporeair.com, Tiger Airways, Zuji
• Shopping: Amazon, Apple Store, Ebay, Groupon, Noel Gifts, Paypal, Qoo10.sg, Bigdeal Plus!, vPost
• Food: Pizzahut, KFC Online

Here are some other sites that others have claimed works:
(note: payment must be made by credit card):

• vBox.com.sg: For paying of bills like Singtel/Starhub etc.
• (only bills payable through credit card counts)
• Singtel/M1/Starhub online
• HDB Season Parking
• Fairprice Online
• CPF Medisave Topup: use CPF Board E-cashier, and choose E-nets credit. Note there is a $15 admin charge and max $1,000 contribution. However, 6% rebate = $60 which is more than enough cover the admin fee), plus you save on income tax payable.

NETS Flashpay

Paying with your NETS Flashpay card also clocks you 6% since you get back 6% each time you auto top up. There is an auto top up fee of $0.25, but that is currently being waived till the end of 2014.

• SP Services: Pay your utility bills through iNets Kiosks. You can only pay a maximum of $50 each time since that’s the max value the card can auto top up. However, if you have 1 or 2 more supplementary cards, you could basically pay $50 x number of cards each time.
• Watsons
• Starbucks
• Subway
• NTUC Fairprice
• Comfort & CityCab and SMRT taxis
• ERP and CEPAS-compliant car park charges
• McDonalds

… and basically anywhere with the NETS Flashpay sign.

I personally just use the NETS Flashpay to pay off my SP Services bill. It’s a pain to keep track of how much is in the card, as the auto top up will only trigger when it’s close to $0, and only on buses, trains, and ERP and CEPAS car parks. This way, if there’s $45.23 balance on my card, I’ll use $45 at the iNets Kiosk, and the next bus/mrt trip will trigger the auto top up. Do note there is a wait time between auto-top up. 3 business days or something.

The catch with using the FRANK card is really, “How do I rack up $500 in online or NETS Flashpay spending?”

Most do it by bulk paying.

For example:

• Jan: Bulk pay 8 months of HDB Season Parking – $65 x 8 = $520
• Feb: Pay for airfare/hotel for March Holidays
• Apr: Bulk pay $500 M1/Singtel Bill
• Sep: Order iPhone online

You get the idea. The good thing about Frank is, it’s a month-to-month basis card. You only have to fulfil the $500 minimum for that month to qualify for the rebates for that month. So you don’t have to use the card every month, but when you do, it make sense to bulk pay to make up the $500. Or if you have $150 of online shopping for that month, you can bulk pay to make up the remaining $150 for the 6% rebate to kick in.

The list will be updated as I come across more online sites that meets the requirements.