ME Frank credit card

Keep interest costs low and pay no annual fee with the ME Frank credit card.

The ME Frank credit card offers an ongoing $0 p.a. annual fee and a low variable interest rate of 11.99% p.a. for purchases, balance transfers and cash advances.

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11.99% p.a.

Balance transfer rate

11.99% p.a.

Purchase rate

$0 p.a.

Annual fee

55 days

Interest free period

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Details

Product NameME Frank Credit Card
Balance transfer rate11.99% p.a.
Purchase rate11.99% p.a.
Annual fee$0
Interest-free periodUp to 55 days on purchases
Cash advance rate11.99% p.a.
Min credit limit$1,000
Max credit limit$15,000
Card typeMastercard
Foreign currency conversion fee1.5%
Minimum income$25,000
Available to temporary residentsNo
Joint applicationNo

Pros

  • A low 11.99% p.a. interest rate on purchases and cash advances
  • Ongoing $0 p.a. annual fee

Cons

  • No rewards program, insurance or other perks
Bonus pointsN/A
Annual fee$0
Minimum monthly repayment3% of the closing balance or $10, whichever is greater
Late payment fee$10
Foreign currency conversion fee1.5%
Cash advance fee2% or $4, whichever is greater
Overseas cash advance fee2% of transaction amount or $4 (whichever is greater)
Additional cardholder fee$0
Number of additional cardholders8
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Review by


Amy Bradney-George has been writing about personal finance for more than 13 years – including over 600 articles as a senior writer for Finder. Her work has also appeared in publications including Money Magazine, The Sydney Morning Herald, Financy, ABC News Australia and Equity Magazine. Amy has a Bachelor of Arts in Journalism and Drama from Griffith University.

Expert review

The ME Frank is a no-frills credit card that offers an ongoing $0 p.a. annual fee and straightforward credit card features. Its variable interest rate of 11.99% p.a. is extremely competitive among low rate cards and actually applies to all transactions. This means you get charged the same interest rate for purchases, cash advances and balance transfers, which can make it easier to keep track of charges.

How to apply

You can apply for the ME Frank credit card online in around 5–10 minutes. To get started, make sure you meet the eligibility criteria and have the required documents and details on hand for a quick application process.

Eligibility criteria

  • Minimum income. You must earn a minimum of $25,000 p.a. a year to apply for this card.
  • Residency. You must be an Australian citizen or permanent resident.

Card benefits

  • $0 p.a. annual fee. This card does not charge an annual fee.
  • Low interest rate. The ME Frank credit card charges a competitive variable interest rate of 11.99% p.a. This rate applies to purchases, balance transfers and cash advances.

Rates & fees

  • Interest-free period. When you pay your balance back in full for the previous statement period, you can take advantage of up to 55 days interest-free on purchases. The actual length of time will depend on when you make the purchase in your payment cycle, starting from the first day of your statement cycle. For example, purchases made on the first day of a new statement period will be eligible for 55 days interest-free, the purchases made on the second day would get 54 days, and so on.
  • Cash advance fee. When you withdraw money using your card or make another cash advance transaction you'll be charged a fee of 2% of transaction amount or $4 (whichever is greater).

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235 Comments

    Default Gravatar
    Hoang
    March 28, 2019

    I have just got a Credit Card from MeBank. I would like to know that does my Credit Card include a travel Insurence when I pay the air tickets foroverseas?
    I look forward to hearing from you soon.
    Thanks

      Default Gravatar
      Nikki
      March 29, 2019

      Hi Hoang,

      Thanks for reaching out!

      Upon checking, the ME frank credit card does not have complimentary travel insurance. If you are still looking for credit cards with complimentary travel insurance using or comparison table or get a quote from our list of travel insurance providers.

      Before applying, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you. You can also contact the provider if you have specific questions.

      Hope this was helpful. Don’t hesitate to message us back if you have more questions.

      Best,
      Nikki

    Default Gravatar
    Richard
    December 6, 2018

    Which bank issues ME Frank credit cards?

      Avatarfinder Customer Care
      Jhez
      December 11, 2018

      Hello Richard,

      Thank you for your comment.

      The bank that issues frank low rate card is ME Bank.

      Should you wish to have real-time answers to your questions, try our chat box on the lower right corner of our page.

      Regards,
      Jhezelyn

    Default Gravatar
    Eddie
    October 14, 2018

    What is the quickest likely turnaround time from initial credit card application to finalized and available credit card

      Avatarfinder Customer Care
      John
      October 15, 2018

      Hi Eddie,

      Thank you for your question.

      According to our review on credit card application length and standard waiting period, the process may take 5-10 business days depending on the card issuer. See our guide on how to check your credit card application status. Hope this helps!

      Cheers,
      Reggie

    Default Gravatar
    Linda
    May 2, 2018

    Good morning, My husband wants to apply for ME credit card. He will be working for a different company from next Monday 7/05/2018 after 3 years with present company doing the same work. Will this affect his application. His choice to change.

      Avatarfinder Customer Care
      Jeni
      May 4, 2018

      Hi Linda,

      Thank you for getting in touch with finder.

      As you click on the application requirements tab it says that the minimum income is $25,000. If you husband has the proof of having that minimum income or more then you have nothing to worry about applying for this card even if he is changing jobs.

      Please note: “You can apply for the ME frank credit card online in around 5–10 minutes. To get started, make sure you meet the eligibility criteria and have the required documents and details on hand for a quick application process.”

      Employment details. This includes your position, salary and your employer’s name and contact details. If your self-employed, you may need to provide your accountant’s details and your previous Australian Taxation Office statements.

      As a friendly reminder, while we do not represent any company we feature on our pages, we can offer you general advice.

      I hope this helps.

      Have a great day!

      Cheers,
      Jeni

    Default Gravatar
    John
    May 1, 2018

    Can a self funded retiree apply for a ME frank credit card?

      Avatarfinder Customer Care
      Jeni
      May 1, 2018

      Hi John,

      Thank you for getting in touch with finder.

      As a friendly reminder, while we do not represent any company we feature on our pages, we can offer you general advice.

      As long as you meet the application requirements like having the minimum income of $25,000 then you are qualified to apply for this card.

      Once you click on Go to site button on this page, you may also see their contact number for your further enquiries. They are open from Monday to Friday 8am-8pm (AEST) and on Saturday 9am-5pm (AEST).

      I hope this helps.

      Have a great day!

      Cheers,
      Jeni

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