ME frank Credit Card
ME frank Credit Card
Mozo Review ME frank Credit Card Review
Last updated: 9 May 2019.
What's hot:
11.99% p.a. purchase and cash advance rate
No annual fee
Up to 55 days interest free
Multiple Mozo Experts Choice Award winner
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, to the 55 day interest free period and its $0 annual fee. It's also a multiple 2018 Mozo Experts Choice Award winner for best No Annual Fee Credit Card and best Low Rate Travel Credit Card, as well as a 2019 winner for best Low Rate Travel Credit Card.
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 2.3% 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.
Details
Rates and fees information correct as at 18 September 2019 Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.Rates
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11.99% p.a.
-
none
-
No current offer
-
none
-
11.99% p.a.
-
55
Fees
-
$0.00
-
none
-
none
-
none
-
$10.00
-
2%, Min $4.00
-
2.30%
-
$5.00
-
$10.00
-
$0.00
Features
-
$10.00
-
3.0
-
8
-
none
Customer Reviews
How are ME credit cards rated by the Mozo community?
Latest reviews of ME frank Credit Card
- Overall9/10
Competitive rates and great customer service!
I dislike the interest rates, although they are very competitive they could certainly be reduced...
Read full review
I dislike the interest rates, although they are very competitive they could certainly be reduced further. The app does not have all the options to do internet banking - not easy to navigate. I think that the website is a lot worse than the app. However overall - I am very satisfied with the customer service of ME bank and have found their rates to be very competitive.
Price8/10Features-Customer service-Convenience-Trust-Less
Chloe | Victoria
reviewed about 2 years ago
- Overall9/10
Competitive rates and fast friendly service
Always helpful with queries, friendly and fast customer service.
Read full review
Always helpful with queries, friendly and fast customer service.
Price9/10Features-Customer service-Convenience-Trust-Less
Jade | Victoria
reviewed over 2 years ago
- Overall9/10
Great rate and service is the best!
ME are really great. Lowest credit card interest rate around and fees are also very low. Online...
Read full review
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.
Price10/10Features9/10Customer service8/10Convenience8/10Trust9/10Less
Darren | Queensland
reviewed almost 3 years ago
- Overall0/10
Suspicious & poor service
Something dodgy going on here. I have a great credit history, plenty of cashflow, very small...
Read full review
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.
Price0/10Features0/10Customer service0/10Convenience0/10Trust0/10Less
Nick | Western Australia
reviewed over 3 years ago
- Overall8/10
Excellent
Excellent system, easy to understand. Customer service always to high standard.
Read full review
Excellent system, easy to understand. Customer service always to high standard.
Price8/10Features8/10Customer service8/10Convenience8/10Trust8/10Less
Nathan | Queensland
reviewed over 3 years ago
About ME
ME stands for a new kind of banking - one that's fairer, more transparent and is committed to great deals for its customers. ME 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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