ME frank Credit Card

11.99% p.a.

$0

ME frank Credit Card Review

Rates and fees information correct as at 23 February 2017.

Review published: 2 June 2015

What's hot:

  • 11.99% p.a. purchase and cash advance rate

  • No annual fee

  • Up to 55 days interest free

  • Mozo Experts Choice Award 2016

What's not:

  • $10 late payment fee

Mozo snapshot:

If you're after a credit card with no hidden catches then we'd like to introduce you to frank, the low rate card from ME, the bank. Everything about frank is black and white, from the low 11.99% interest rate for both purchases and cash advances. It also has no annual fee, making it one of Mozo's Experts Choice Award winners in 2016.

Key features:

frank is just the sort of guy you want to carry around with you on a shopping spree. He's got a very generous 55 interest free days (as long as you pay your balance off in full by the payment date) and even if you do occasionally overspend and can't pay back purchases in full by month's end, the low 11.99% p.a. interest rate will mean that you're not putting all of your repayments towards interest.  

While you'll also only be charged 11.99% p.a. on cash advances, there is an additional cash advance fee of $4 or 2% of the cash advance rate which ever is greater. And while frank is generous with interest free days on purchases, be aware that with any cash advance you will start paying interest immediately.

frank comes chip enabled and so when you're out shopping in Australia you can Tap & Go with MasterCard payPass for purchases under $100. Frank also comes with good online security via MasterCard’s SecureCode and Zero Liability protection for extra peace of mind.

You can take frank with you overseas but keep in mind that any overseas purchases made in person or online will incur a  2.5% international transaction fee of the Australian dollar amount. 

frank doesn't like tardiness so if you are late or miss with a payment you will be hit with a $10 late payment fee. This can be easily avoided if you set up automatic repayments. 

Who it's good for:

frank won't cost you a cent to keep in your wallet so he is ideal for shoppers looking for a no frills credit card for everyday spending. 


Any catches?

If frank gets lost or stolen, there is a $20 emergency replacement card fee to have it couriered in Australia and a whopping $100 fee if you’re overseas.

Like all credit cards, the 55 day interest free period only applies if you pay your balance in full by the due date each month.


How are ME credit cards rated by the Mozo community?

Product Type Overall Rating Price Features Service Convenience Trust
7.6

Based on 47
ME credit cards reviews

7.7 6.4 7.8 7.6 8.2

Read ME credit card reviews by the Mozo community

Latest reviews of ME frank Credit Card

ME

ME frank Credit Card credit card review

Overall rating   9 / 10

Great rate and service is the best!

ME are really great. Lowest credit card interest rate around and fees are also very low. Online banking is super easy and the staff, if you ever need to call, are exemplary in customer service.

ME are really great. Lowest credit card interest rate around and fees are also very low. Online banking is super easy and the staff, if you ever need to call, are exemplary in customer service.

    Price   10 / 10

    Features   9 / 10

    Customer service   8 / 10

    Convenience   8 / 10

    Trust   9 / 10

Less

Darren (QLD), reviewed 4 months ago

ME

ME frank Credit Card credit card review

Overall rating   10 / 10

Get the last dress left without the hefty interest

Very low interest and no charges!

Very low interest and no charges!

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Alishia (WA), reviewed about 1 year ago

ME

ME frank Credit Card credit card review

Overall rating   8 / 10

Excellent

Excellent system, easy to understand. Customer service always to high standard.

Excellent system, easy to understand. Customer service always to high standard.

    Price   8 / 10

    Features   8 / 10

    Customer service   8 / 10

    Convenience   8 / 10

    Trust   8 / 10

Less

Nathan (QLD), reviewed about 1 year ago

ME

ME frank Credit Card credit card review

Overall rating   0 / 10

Suspicious & poor service

Something dodgy going on here. I have a great credit history, plenty of cashflow, very small mortgage and was flat out declined. They refused to explain. Was just trying to avoid annual fees for a low spend credit card used for internet shopping....

Something dodgy going on here. I have a great credit history, plenty of cashflow, very small mortgage and was flat out declined. They refused to explain. Was just trying to avoid annual fees for a low spend credit card used for internet shopping. I suspect they are not interested in anyone who will pay off their balance each month. I'll stick with the big banks thanks and pay a small fee.

    Price   0 / 10

    Features   0 / 10

    Customer service   0 / 10

    Convenience   0 / 10

    Trust   0 / 10

Less

Nick (WA), reviewed about 1 year ago

ME

ME frank Credit Card credit card review

Overall rating   0 / 10

Something very fishy

Applied for a ME Bank credit card via an email from my super Fund CBUS. I own 2 properties worth well over 1 million $ in value, have been full time employed for the past 30 years with no debts to my name at all with a very steady income of around...

Applied for a ME Bank credit card via an email from my super Fund CBUS. I own 2 properties worth well over 1 million $ in value, have been full time employed for the past 30 years with no debts to my name at all with a very steady income of around $90,000 per year. They have rejected my application. My current credit card is with one of the big 4 banks has a balance of $0 which when I do use it is paid off by direct debit so I never incur any interest costs. Trying to avoid the yearly fee I currently incur with my current Credit card I liked the sound of a no annual fee credit card, tried to call to discuss WHY and they would not discuss. Do they only want vulnerable people with large mortgages and poor credit history on their books?

    Price   0 / 10

    Features   0 / 10

    Customer service   0 / 10

    Convenience   0 / 10

    Trust   0 / 10

Less

Neil (VIC), reviewed over 1 year ago

Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers. Reviewers may receive a voucher from Mozo in exchange for their review. Vouchers are given to all reviewers who meet our review guidelines regardless of the sentiment of their reviews.

Rates

  • 11.99% p.a.

  • none

  • none

  • none

  • 11.99% p.a.

  • 55

Fees

  • $0.00

  • none

  • none

  • none

  • $10.00

  • 2%, Min $4.00

  • 2.50%

  • $5.00

  • $0.00

  • $0.00

Other financial bits

  • $10.00

  • 3.0

Features

  • 8

  • none

  • none

About ME

ME Bank stands for a new kind of banking - one that's fairer, more transparent and is committed to great deals for its customers. ME Bank was created by Australia's leading super funds and has award-winning home loans and term deposits, low-cost savings accounts, country-wide ATM access and banking experts that come to you at your convenience.

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