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ME Credit Cards

ME Frank Credit Card

Updated 19 January 2022

The ME Frank card cuts all the confusion with its simple approach to interest rates. With Frank you get a low 11.99% p.a. on purchases, balance transfer and cash advances. Enjoy as many as eight additional cardholders at no cost with up to 55 days interest free on purchases (if you pay your balance off by the due date each month). All this wrapped up with no annual fee that offers access to Mastercard SecureCode for online purchasing, and worldwide assistance. Minimum income of $25,000 required to apply.

Purchase Rate (p.a)


Balance Transfer (p.a)


Annual Fee (p.a)


$0 over 99 months

My transfer amount

Balance transfer from:

My annual fee

My interest rate

Pros and cons

  • Low variable interest rate of 11.99% p.a. on purchases, cash advances and balance transfers
  • Up to 55 days interest free on purchases
  • No credit card annual fee
  • Add up to 8 extra cardholders free of charge

  • No introductory balance transfer offer
  • Minimum income of $25,000 p.a. is required. This is quite high for a low rate card review

Editor Review

ME Frank Credit Card

Pauline Hatch
Pauline is a personal finance expert at, with 8 years in money, budgeting and property reporting under her belt about this card.

The ME Frank card

Cut the nonsense, it’s time to get down to business. If you see life in strictly black and white, with no fuss and nonsense, then the ME Frank Credit Card could be for you. No introductory offers, no rewards, no fancy features: this is a card that gets straight to the point, and puts it all down in black and white.

As a cardholder, you can enjoy a low variable purchase rate of 11.99% p.a., a low cash advance rate of 11.99% p.a., and a low balance transfer rate of 11.99% p.a. Pretty easy to remember, right? On top of that, you pay no annual fee, ever. As a card that is super straightforward, it’s certainly easy to see why this card is a multi award winner.

Want to find out more? Let’s have a look.

What we love…

Unlike so many credit cards out there, the ME Frank Credit Card cuts all the frills, giving you only what you need. If you’re not interested in fancy features or rewards, there’s Frank. If you don’t want complicated introductory offers that get you all tangled up, there’s Frank. If you only want a low rate no annual fee card, then Frank’s your guy.

The low purchase rate of 11.99% p.a. places the ME Frank Credit Card firmly in the low-interest rate card category. But, if you’re comparing low rate cards, you may notice that most of these cards – unlike Frank – also charge an annual fee. For example, the Bendigo Bank Low Rate Mastercard currently has a $45 ongoing annual fee.

Then, if we look at comparable no annual fee cards, we generally see higher standard rates of interest on purchases. One such example would be the St.George No Annual Fee Credit Card, which obviously has no annual fee, but also has a current purchase rate of 20.74% p.a.

While we’re at it, we can also point out that unlike Frank’s cash advance rate of 11.99% p.a., the St.George card’s cash advance rate currently stands at 21.49% p.a. Now, in general, we don’t recommend using the cash advance feature as it can be pretty costly, but it’s good to know that (with its 11.99% p.a. balance transfer rate) Frank’s rates are low across the board.

What’s not so great…

We’re a bit stumped on this one. There’s not much we could come up with that’s negative. We have had some comments from people with good credit and high income that have been declined for the card. We don't know how they are scoring applications but there seems to be some difficultly in being approved. It’s worth looking closely at any fees that may apply to cash advances and transactions. Always read the small print, people.

Why should you choose this card?

If you want to pay low interest rates on purchases, cash advances and balance transfers, then the ME Frank Credit Card could be the perfect option. If you tend to carry a balance each month, this card will help to keep interest to a minimum.

On the other hand, if you pay off your balance, then it’s worth noting that the card also offers up to 55 days interest free on purchases. If you want to buy a fairly large purchase, you could have up to 55 days to pay it off before interest starts accruing.

If you don’t need features and rewards – and you don’t want to have to pay for them in annual fees – this is a great choice of card. Plus, you don’t have to worry about intro offers and what happens when they end. And if you so choose, you can add up to eight extra cardholders free of charge.

Overall Rating

This award-winner is an awesome no frills card, with low rates across the board – plus, no annual fee. This is a card that’s definitely worth looking in to.

User reviews

ME Frank Credit Card ( based on 26 user reviews )

78% rating based on 26 reviews

Customer Service


18 November 2019

I truly appreciate the fact that this credit card was easy to cancel. It is a source of huge frustration to me when I have to jump through administrative hoops, sit on hold and answer a million questions when I am ready to cancel a particular card. Me Bank made it super easy and automated via their online portal, and I truly appreciate it. It leaves me with a fantastic experience, and no bitter taste in my mouth (which usually comes from these annoying interactions! when trying to cancel!). Thank you, ME Bank!!!

Recommends this card
98% Visitor

28 October 2017

The site reviewer does not acknowledge that Union Members get an even lower rate. 9.99%

Recommends this card
100% Visitor

12 March 2017

I legitimately love this card and this bank. Frank is straightforward with easy to calculate rates and fees. The card also has a great, attractive design. There's very few cards with such a low interest rate and no annual fee. It's especially simple if you do your other banking with ME, which is similarly low-to-no fee. I love that their call centre's in Australia; I don't have any difficulty understanding the staff I talk to, and vice versa. Rewards cards always seemed like an absolute waste of space – it takes so much effort to gain any advantage from them. Frank is a refreshingly simple change. It's just effortless. I'll never, ever get rid of this card. It's my go-to.

Recommends this card

Rates and fees

Interest rates

Purchase rate 11.99% p.a.

Cash advance rate 11.99% p.a.

Interest free period on purchases up to 55 days

Balance transfer

Balance transfer rate 11.99% p.a. for 99 months

Balance transfer revert rate 11.99% p.a.

Balance transfer from personal loan N/A

Balance transfer fee No fee

Balance transfer limit N/A

Banks you can't balance transfer from N/A

Credit limits

Minimum credit limit $1,000

Maximum credit limit N/A

Fees & repayments

Annual fee $0 p.a.

Additional cardholder fee Up to 8 at no extra cost

Foreign transaction fee 2.3% (International transaction fee – 1.5%, Mastercard cross-border fee – 0.8%)

Minimum repayment 3% or $10 (whichever is greater)

Cash advance fee 2% or $4 (whichever is greater)

Late payment fee $10

Additional features

Complimentary insurance

International Travel Insurance No

Flight Inconvenience Insurance No

Transit Accident Insurance No

Smartphone Screen Insurance No

Purchase Protection Insurance No

Extended Warranty Insurance No

Rental Vehicle Excess In Australia Insurance No


ME Frank Credit Card

Key features

  • No credit card annual fee
  • Low variable interest rate of 11.99% p.a. on purchases, cash advances and balance transfers.
  • Add up to 8 extra cardholders free of charge
  • Up to 55 day interest free on purchases
  • Use tap & go™ for purchases up to $200 with Mastercard

Minimum criteria to apply for this card

  • Be over 18 years old

  • Good Credit and have not applied for multiple credit cards recently

  • Australian citizen or permanent resident

  • Minimum income of $25,000 p.a.

  • You have your personal details ready to complete the online application


Pauline is a personal finance expert at, with 8 years in money, budgeting and property reporting under her belt. Pauline is passionate about seeing Aussies win by making their money – and their credit cards – work smarter, harder and bigger

Recently Asked Questions

Something you need to know about this card? Ask a our credit card expert a question.

173 questions (showing the latest 10 Q&As)

Eugene Hope

Eugene Hope

10 July 2021
I have a card with 1000$ limit i am want to increase limit 5000$


9 July 2021
I recently applied for and received this credit card. I've been looking through the T&C's and other information and cannot find the information I am looking for. If I set up direct debits for my bills to be drawn from the card - will they be classified as cash advances?
    Roland B Bleyer - Founder


    13 July 2021
    Hi Lynda, great question and thanks for asking. Direct debits are handled differently by each bank and provider. Check our guide to BPAY and rewards to make the most of your card. Thanks again!


21 June 2021
I drive for ride share(Uber etc) for over two years My last 9 months financials show befor tax income of $45,000 I own two cars outright and a $950,000 home with no mortgage Would I be a candidate for this card I currently use debit card only
    Roland B Bleyer - Founder


    23 June 2021
    Hi David, thanks for your question! Looking at ME Frank credit card’s eligibility, I see that you should earn at least $25,000 per year and you will also need to provide evidence of the income you receive. Having no outstanding debts can be seen as a benefit, but you should also order a copy of your credit file and credit score before applying. If you’re all ready to apply for this card, you can click here.
Dannielle Meyers

Dannielle Meyers

21 March 2021
Hi I have a low credit score due to bankruptcy over 5yrs ago. I have no credit or debt, I just paid my final payment on car loan and have 20k in savings. My income is about 80k a year. I need a credit card only to improve my credit score. Would I qualify for a ME Frank credit card?
    Roland B Bleyer - Founder


    22 March 2021
    Hi Dannielle, unfortunately I can't give you any indication of whether or not you'll be approved for a credit card. Bankruptcy stays on your credit report the later of: 5 years starting on the day you became bankrupt, or 2 years starting on the day you were no longer bankrupt. Once this time has passed, you will have a better chance of being approved. In the meantime, you can improve your credit score by making regular repayments and lowering any existing, unused credit limits. Another good practice is to call the bank you're already with and see what kind of credit card they could offer you - since they have all of your financial information and history already. I hope that helps.
Donna Roberts

Donna Roberts

26 February 2021
Hi there, If my balance is zero do I still need to pay a monthly amount?
    Roland B Bleyer - Founder


    1 March 2021
    Hi Donna, no - if your balance is $0 you do not need to pay anything. And since the annual fee is $0 as well, you won't have to worry about that. Just remember that if you've set up any direct debits (like Netflix or a gym membership), you will likely have money owing every month.


21 February 2021
what is the maximum credit limit?
    Roland B Bleyer - Founder


    22 February 2021
    Hi Lil, ME doesn't specify a maximum credit limit and it will depend on your personal financial circumstances. It might be best to give them a call and see if they can give you any indication. Market-wise, a similar card, the ING Orange One ($0 annual fee and 11.99% p.a. interest rate), offers a maximum credit limit of $30,000.
Margaret Kerr

Margaret Kerr

31 January 2021
Hi, I would like to apply for a ME Frank credit card, however I am retired and do not earn $25,000 per year. I receive a part pension and my husband and I have a SMSF. Or total assets are in excess of $750,000. Please advise if I would qualify for a card. Regards Margaret Kerr
    Roland B Bleyer - Founder


    1 February 2021
    Hi Margaret, I hear you. I do not think that ME see the pension as income. You do need to earn the minimum income to apply for a credit card. Its a tough position when you retire and then require new financial products. I think you will need to look outside of ME for a new credit card. Additionally no annual fee cards are harder to get approved. Looking at another low rate card like the ANZ low rate could be an option. The minimum income is 15k and they can see the pension as income. Additionally income from your SMSF can be counted.


13 January 2021
Hi there - is the ME Frank Credit Card balance transfer able to be transferred into a savings account or only another credit account? Thanks!
    Roland B Bleyer - Founder


    14 January 2021
    Hi Ryan, no there is not. If you move money to a bank account. Then its called a cash advance. Good news is the cash advance rate is the same as the purchase and balance transfer. Though you are hit with a 2% cash advance fee. You are also charged interest from day 1 with cash advances until paid off. No interest free days on cash advances.


29 September 2020
Hey Roland, I have a quick question with regard to the eligibility of the credit card. I have been a housewife until I decided to start an online business last month. I am in the process of setting up the online Amazon business and need a personal Credit Card to get registered ( Amazon don't accept Debit Cards), but I have no earning history. I have got a potential income letter from my accountant. Is there any way I can get a very basic Credit Card as Credit Card is the mandatory requirement to register a Seller account.
    Roland B Bleyer - Founder


    1 October 2020
    Hi Fatema, I suggest you are working for at least 6 months before applying. What you could do is geta family member or friend to apply for a credit card for you. Then you become a secondary cardholder. This could be the way to go until you are up and running for longer. I would also look for a card that has no foreign fees if transacting in different currencies. Another option could be I am not sure of the minimum requirements for this. Though I still think my other idea is better for now.


28 September 2020
Can you transfer cash from the card to a personal account via internet banking? If so, how much is the limit you can transfer?
    Roland B Bleyer - Founder


    29 September 2020
    Hi Nathan, this would be a cash advance. The limit typically then would be your credit limit less the fees. With cash advances the interest starts from day 1 plus there is a cash advance fee. I am not sure how you would do it as I have not done myself. If you are unsure, reach out to ME Frank credit card customer service.


20 September 2020
Can I have internet banking for this credit card account? Can I withdraw cash at anytime through internet banking? Is there any one time fee apart from the interest for that cash advance?
    Roland B Bleyer - Founder


    21 September 2020
    Hi John, yes you can have internet banking. You should be able to cash advance from your internet banking, app or ATM. Cash advance fee or $4 or 2% of the cash withdrawn (whichever is greater). Cash advance interest charges start from day 1.
Mansoor Sahel

Mansoor Sahel

16 September 2020
Hi bro I just apply for for credit card and the say unsecsfull I talk with bank they don't know why it is question left in my mind and what is the reason of it If there any chance to I can talk to someone as soon poseble that be great thanks.
    Roland B Bleyer - Founder


    16 September 2020
    Hi Mansoor, no annual fee credit cards can be much harder to get approved for. Affordability modelling is where many people are getting stuck. Reach out to ME Its certainly a good idea to find out as much as possible. I would also check your credit file to see if any issues.


9 September 2020
How much annual income required for $10,000 credit card limit.
    Roland B Bleyer - Founder


    10 September 2020
    Hi Steve, it is not as simple as yet. Credit limits are assigned at the point of application based on a range of factors. Income v Expenses (affordability) is a key. If you make $100,000 a month but are spending it all. Then its unlikely you will qualify. Bottom line, you cannot know what limit the bank will assign until you apply. Though you can request the credit limit you desire. If you are not happy with a credit limit. Then you can cancel the application before activation.

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