If you’re looking for a credit card that offers great rewards and benefits, the DBS Black Visa Card is definitely worth considering. This card is designed for individuals who want to earn rewards on their everyday spending and enjoy a range of exclusive perks. In this article, we’ll take a closer look at the DBS Black Visa Card and review its features, benefits, and drawbacks.
The DBS Black Visa Card is a rewards credit card that lets you earn DBS Points on your everyday spending. You can earn one DBS Point for every $5 spent, and you can earn points faster if you use Visa PayWave, Apple Pay, Samsung Pay, or Google Pay. You can redeem your points for a wide range of rewards, including air miles, shopping vouchers, and cash rebates. Additionally, the card offers a range of exclusive benefits, such as complimentary travel insurance, airport lounge access, and discounts on dining and shopping.
Key Takeaways
- The DBS Black Visa Card is a rewards credit card that lets you earn DBS Points on your everyday spending.
- You can earn points faster if you use Visa PayWave, Apple Pay, Samsung Pay, or Google Pay.
- The card offers a range of exclusive benefits, such as complimentary travel insurance, airport lounge access, and discounts on dining and shopping.
Overview of the DBS Black Visa Card
If you are looking for a rewards credit card in Singapore that offers a range of benefits, then the DBS Black Visa Card is worth considering. This credit card offers a range of benefits and features that make it an attractive option for shoppers and travellers alike.
Key Features and Benefits
The DBS Black Visa Card offers a range of key features and benefits that make it stand out from other credit cards in Singapore. One of the most significant benefits is the 0% interest installment plan for large purchases over 3, 6, or 12 months, without any processing fee. This feature can help you manage your finances better and spread out the cost of large purchases.
Another benefit of the DBS Black Visa Card is the rewards system. Using the card lets you earn DBS Points at a standard rate of $5 = 1 DBS Point (2 miles). However, you can earn points faster if you use Visa PayWave, Apple Pay, Samsung Pay, or Google Pay. This will get you $5 = 3 DBS Points (6 miles), making it an attractive option for those who frequently use mobile wallets.
Understanding the Rewards System
The rewards system of the DBS Black Visa Card is straightforward and easy to understand. Every time you use your card to make a purchase, you earn DBS Points. These points can be redeemed for a range of rewards, including air miles, cashback, and vouchers.
For example, if you spend $1,000 using your DBS Black Visa Card, you will earn 200 DBS Points (400 miles). You can then redeem these points for a range of rewards, such as a $10 voucher or 400 air miles. The redemption process is simple, and you can do it online or through the DBS rewards app.
In conclusion, the DBS Black Visa Card is an excellent option for those looking for a credit card that offers a range of benefits and rewards. With its 0% interest installment plan, rewards system, and fast points earning through mobile wallets, it is an exciting credit card to consider.
Earning and Redeeming Rewards
Are you looking for a credit card that rewards you for your daily spending? Look no further than the DBS Black Visa Card. With this rewards card, you can earn DBS Points on every dollar you spend, which can be redeemed for vouchers, miles, and other rewards.
Maximising DBS Points
To maximise your DBS Points, use your card to pay for everyday expenses such as groceries, dining, and shopping. You can earn 1 DBS Point for every S$5 you spend, and even more if you use Visa PayWave, Apple Pay, Samsung Pay, or Google Pay.
Exclusive Shopping and Dining Offers
In addition to earning DBS Points, you can also enjoy exclusive shopping and dining offers with the DBS Black Visa Card. Get discounts and special deals at participating merchants, including popular restaurants and food courts.
Travel Perks and Miles Conversion
If you love to travel, the DBS Black Visa Card has you covered. You can convert your DBS Points to KrisFlyer miles or Asia Miles, which can be used to book flights, hotels, and other travel expenses. Plus, you’ll enjoy exclusive travel perks such as free travel insurance and hotel deals.
Overall, the DBS Black Visa Card is a great choice for anyone looking for a rewards card that offers a variety of benefits. With its generous rewards program, exclusive shopping and dining offers, and travel perks, you’ll be able to make the most of your everyday spending.
Costs and Fees
If you’re considering the DBS Black Visa Card, it’s important to understand the costs and fees associated with the card. Here’s a breakdown of the key fees and charges you should be aware of:
Annual Fee and Waivers
The annual fee for the DBS Black Visa Card is S$192.60 per year. However, the good news is that the annual fee is waived for the first year, so you won’t have to pay anything for the first 12 months.
In addition, the annual fee can be waived for subsequent years if you spend a minimum of S$25,000 per year on the card. This makes it a great option for those who plan to use the card frequently and want to avoid paying an annual fee.
Interest Rates and Charges
The annual interest rate for the DBS Black Visa Card is 26.80%, which is relatively high compared to other credit cards in Singapore. It’s important to note that this rate only applies if you carry a balance on your card from month to month. If you pay your balance in full each month, you won’t be charged any interest.
Late payment fees are also charged if you don’t make your minimum payment on time. The late payment fee is S$100, which can add up quickly if you miss multiple payments.
Foreign currency transaction fees are another cost to be aware of if you plan to use your card for overseas purchases. The fee is 3.25% of the transaction amount, which can add up quickly if you’re making a lot of purchases in a foreign currency.
Overall, the DBS Black Visa Card is a great option for those who want to earn rewards while using their credit card. However, it’s important to be aware of the costs and fees associated with the card so you can make an informed decision.
Convenience and Accessibility
The DBS Black Visa Card is designed to offer you convenience and accessibility in your everyday life. With contactless payments, mobile wallet integration, and more, you can enjoy seamless transactions wherever you go.
Contactless Payments with Visa PayWave
The DBS Black Visa Card lets you make contactless payments with ease using Visa PayWave. This feature allows you to simply tap your card on a payment terminal to complete your transaction. It’s a fast and secure way to pay, making it perfect for busy people on the go.
Mobile Wallet Integration
In addition to contactless payments, the DBS Black Visa Card also offers mobile wallet integration. You can use your card with popular mobile wallets such as Apple Pay, Samsung Pay, and Google Pay. This means you can leave your physical card at home and use your mobile device to make payments instead. It’s a convenient way to pay, and it’s also more secure than carrying around a physical card.
With the DBS Black Visa Card, you can enjoy the benefits of wireless payment and mobile wallet integration. This makes it easy to make contactless spend and complete transactions on the go. Whether you’re shopping online or in-store, the DBS Black Visa Card offers you the convenience and accessibility you need.
Comparisons with Other Credit Cards
DBS Black Visa vs. Other DBS Cards
When it comes to DBS credit cards, the DBS Black Visa Card is one of the most popular options for shoppers. However, it’s important to note that there are other DBS credit cards that may better suit your needs.
For example, if you’re looking for a cashback credit card, you may want to consider the DBS Woman’s Card or the DBS Altitude Visa Card. The DBS Woman’s Card offers up to 5% cashback on online shopping, while the DBS Altitude Visa Card offers up to 3 miles per dollar spent on online flight and hotel bookings.
On the other hand, if you’re looking for a rewards credit card, the DBS Woman’s World Card may be a better option. This card offers up to 10X rewards points on online shopping, dining, and overseas spending.
Competing with Other Banks’ Cards
When compared to other banks’ cards, the DBS Black Visa Card holds its own. However, there are some other cards you may want to consider if you’re looking for a card that offers similar benefits.
For example, the Citi Rewards Card offers up to 10X rewards points on online and offline shopping, dining, and entertainment. The UOB Preferred Platinum Card offers up to 10% cashback on dining, online shopping, and travel bookings. The HSBC Revolution Credit Card offers up to 5X rewards points on dining, entertainment, and online shopping.
If you’re looking for a cashback card, the Standard Chartered Unlimited Cashback Credit Card may be a good option. This card offers unlimited cashback on all spend with no minimum spend required.
Overall, the DBS Black Visa Card is a solid option for those looking for a credit card that offers rewards for shopping. However, it’s important to compare it to other cards to ensure you’re getting the best deal for your needs.
Application Process
Are you excited to apply for the DBS Black Visa Card? Here’s what you need to know about the application process.
Eligibility Criteria
To be eligible for the DBS Black Visa Card, you must meet the following criteria:
- You must be at least 21 years old.
- You must have a minimum annual income of SGD 30,000.
- You must be a Singaporean or Permanent Resident.
- You must not have any existing DBS/POSB credit card or have cancelled one in the last 12 months.
Required Documents
To apply for the DBS Black Visa Card, you will need to provide the following documents:
- Your NRIC or passport.
- Your latest payslips or CPF contribution history statement.
- Your latest Income Tax Notice of Assessment.
Once you have gathered all the required documents, you can apply for the DBS Black Visa Card online or at any DBS/POSB branch. The application process is straightforward and should take only a few minutes to complete.
So, what are you waiting for? Apply for the DBS Black Visa Card today and start enjoying its many benefits!
Cardholder Benefits
If you are looking for a credit card that offers great benefits, then the DBS Black Visa Card is definitely worth considering. Here are some of the benefits you can enjoy as a cardholder:
Cashback and Rebates
With the DBS Black Visa Card, you can enjoy cashback and rebates on your purchases. For example, you can earn up to 3% cashback on your online purchases. Additionally, you can earn up to 5% cashback on your groceries and up to 10% cashback on your fuel purchases. These cashback and rebate offers can help you save a lot of money over time.
Online Shopping Advantages
If you love shopping online, then the DBS Black Visa Card is perfect for you. You can enjoy exclusive discounts and promotions when you shop online with your card. For example, you can get up to 15% off your purchases at Lazada and Shopee. Additionally, you can get up to 10% off your purchases at Zalora and other online retailers.
Fuel Savings and Supermarket Deals
Another great benefit of the DBS Black Visa Card is the fuel savings and supermarket deals. You can enjoy up to 10% cashback on your fuel purchases at selected petrol stations. Additionally, you can get up to S$20 FairPrice vouchers when you spend S$200 at FairPrice supermarkets.
Overall, the DBS Black Visa Card offers a range of benefits that can help you save money on your purchases. Whether you are looking for cashback, online shopping advantages, or fuel savings, this card has something for everyone.
Frequently Asked Questions
What exclusive perks come with the DBS Black Visa Card?
The DBS Black Visa Card offers a range of exclusive perks to its users. These include access to VIP airport lounges, complimentary travel insurance coverage, and special discounts at selected merchants.
How does the DBS Black Visa Card’s rewards programme compare to others?
The DBS Black Visa Card rewards programme is one of the most attractive in Singapore. It offers users the opportunity to earn DBS Points at a standard rate of $5 = 1 DBS Point (2 miles). You can earn points faster if you use Visa PayWave, Apple Pay, Samsung Pay or Google Pay. This will get you $5 = 3 DBS Points (6 miles).
Are there any special travel benefits associated with the DBS Black Visa Card?
Yes, there are. The DBS Black Visa Card offers complimentary travel insurance coverage of up to $1 million, which includes personal accident, medical expenses, and travel inconvenience benefits.
What are the eligibility criteria for obtaining a DBS Black Visa Card?
To be eligible for a DBS Black Visa Card, you must be a Singapore citizen or permanent resident, aged 21 years and above, and have a minimum annual income of $30,000. Foreigners must have a minimum annual income of $45,000.
Can you explain the annual fee and if it’s waived for the first year for the DBS Black Visa Card?
The annual fee for the DBS Black Visa Card is $192.60 per year. However, the first-year annual fee is waived. There is also a supplementary card annual fee of $96.30 per year.
How does the DBS Black Visa Card enhance your lifestyle with its features?
The DBS Black Visa Card offers a range of lifestyle features to enhance your experience as a cardholder. These include access to exclusive dining, shopping, and entertainment privileges, as well as discounts at selected merchants. Additionally, the card offers a range of payment options, including Visa PayWave and mobile payments, making it a convenient and versatile payment solution.
