Credit Card Comparison: DBS Live Fresh vs UOB EVOL vs OCBC FRANK

Cashback credit cards are not created equal no matter how similar they may seem. Learn more about the similarities and differences between DBS Live Fresh, UOB EVOL and OCBC FRANK to figure out which one will help you rack up the most rewards.

New to the world of credit cards? Well, cashback credit cards are perhaps the most straightforward types of credit cards that exist on the market – perfect for credit card beginners. We will be looking at DBS Live Fresh vs UOB EVOL vs OCBC FRANK in this article, three almost-identical cashback credit cards that are likely to grab the attention of young adults, Gen-Zs and millennials alike. 

• What these cashback credit cards have in common
• Comparison #1: Cashback workings
• Comparison #2: Annual fee
• Comparison #3: Additional perks
• Conclusion

DBS Live Fresh vs UOB EVOL vs OCBC FRANK

What these cashback credit cards have in common 

Foremost, DBS Live Fresh, UOB EVOL and OCBC FRANK are similar in that they require cardholders to: 

(i) earn an annual income of at least S$30,000 (Singapore Citizen/ PR); and 

(ii) spend at least S$800 monthly in order to earn the advertised cashback 

The cashback that you earn from charging your expenses to either of these cards are also automatically credited into your card account to offset your bill. The ease of use should be a plus point for many since you literally do not need to lift a finger to enjoy your cashback! 

DBS Live Fresh, UOB EVOL and OCBC FRANK also offer sign-up bonuses for new cardholders – something you definitely want to consider if you are looking to sign up for a new credit card. 

How these cashback credit cards differ 

While DBS Live Fresh, UOB EVOL and OCBC FRANK have certain common attributes, these cashback credit cards have different cashback workings and perks in store for their cardmembers, making each credit card unique in its own right. 

Depending on your lifestyle and spending habits, one credit card may be more suitable for you than another. Read on to learn more about DBS Live Fresh vs UOB EVOL vs OCBC FRANK. The easy-to-digest nuggets of information will come in handy when it’s time for you to pick the best cashback credit card that suits you!

Comparison #1: Cashback workings

DBS Live Fresh, UOB EVOL and OCBC FRANK are rather different when it comes to their cashback rates and categories.

If you primarily do your shopping online, zoom in on OCBC FRANK. This cashback credit card has a higher cashback cap on online purchases compared to the other two cards. 

To maximise the amount of cashback you can earn, be sure to study your spending habits as these three cashback credit cards all have a cap on the total amount of cashback you are eligible to earn per month – some more limiting than others!

Comparison #2: Annual fee

A nice quirk of UOB EVOL is that it offers annual fee waivers for subsequent years so long as you make a min. of three transactions every month.

Comparison #3: Additional perks

All three cashback credit cards have plenty of deals and promotions available to cardmembers. However, if you are extra savvy with your money and would like to take advantage of higher interest rates earned on your savings (if you aren’t already using a high interest savings account), definitely consider pairing the DBS Live Fresh with the DBS Multiplier Account or the UOB EVOL with the UOB One Account. 

Both savings accounts offer savers like you and I a much better deal than traditional, basic savings accounts that only let customers ‘enjoy’ 0.05% p.a. on their hard-earned savings.

Conclusion: Which one should you choose?

DBS Live Fresh, UOB EVOL and OCBC FRANK are all great options for earning generous cashback on your purchases. But again, there is a catch associated with these credit cards that offer higher cashback rates: (i) minimum spend and (ii) cashback cap. 

S$600 - S$800 minimum spend requirement: This is rather attainable even if you aren’t a big spender by any means. The trick is to consolidate your spending across categories, such as transportation, meals, entertainment, in-store and online shopping, groceries and mobile phone bills. 

(Psst, another easy way is to volunteer to pay first whenever possible, say, when you are out chilling with your friends.)

Choose UOB EVOL: That’s if you like the sound of earning high cashback on online shopping and convenience of mobile contactless payments, without category restrictions.

This applies regardless of whether you are purchasing pet supplies, stocking up on groceries, snagging shopping deals online, paying for meals and drinks, going to the movies, or even booking travel online when the world’s in a much better place.  

Choose DBS Live Fresh: DBS Live Fresh could be the right fit for you if you would like a card for your daily expenditures. Plus, there's no pressure to meet the monthly minimum spend requirement since you will still get 0.3% unlimited cashback on all eligible spend with no cap.

Choose OCBC FRANK: If you want to earn the highest amount of cashback on your online and contactless mobile spending combined (i.e. S$50), OCBC FRANK is the one for you.

Read these next:
Best Cashback Credit Cards In Singapore
Best Online Shopping Credit Cards in Singapore
DBS/POSB Credit Card Promotions and Deals
OCBC FRANK Revamp: 5 Reasons To Sign Up For This Newly Relaunched Card
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