If you’re looking for a debit card in Singapore, DBS Visa Debit Card is one of the most popular options available. It offers a range of benefits and features that make it an attractive option for anyone looking for a reliable, low-cost debit card. In this article, we’ll take a closer look at the DBS Visa Debit Card and compare it to other popular debit cards in Singapore.
The DBS Visa Debit Card is a no-fee debit card that offers cashback rewards on selected spending with a minimum spend of S$500 on Visa and cash withdrawal under S$400. It’s a great option for those who seek a debit card that earns cashback on a variety of spend. The cardholders who make frequent foreign exchange transactions can also benefit from this card. However, there are some cons to the card, which we’ll discuss in detail in this article.
We’ll also compare the DBS Visa Debit Card to other popular debit cards in Singapore, such as the Crypto.com Visa card, which allows you to hold CRO cryptocurrency and enjoy cashback benefits at the same time. We’ll take a closer look at the features, benefits, fees, and charges of each card to help you make an informed decision about which debit card is right for you.
Overview of DBS Visa Debit Card
If you’re looking for a debit card that offers cashback on a variety of spending, then the DBS Visa Debit Card might be the right choice for you. This no-fee debit card allows you to earn cashback on selected spending with a minimum spend of S$500 on Visa and cash withdrawal under S$400.
With a ValueChampion rating of 3.5/5.0, the DBS Visa Debit Card has several pros. Firstly, it’s perfect for those who seek a debit card that earns cashback on a variety of spend. Secondly, it’s great for cardholders who make frequent foreign exchange transactions.
However, there are also some cons to consider. For example, you need to spend at least S$400 a month on your debit card to get 3% cashback for contactless transactions. Additionally, cash withdrawals above S$400 will not earn cashback.
The DBS Visa Debit Card also offers several other features that make it an attractive choice. For example, it provides local and global access to making payments in a simple and easy way, with a Tap and SimplyGo option. Additionally, it has no foreign exchange fee, making it an excellent choice for frequent travellers.
Overall, if you’re looking for a debit card that offers cashback on a variety of spending, the DBS Visa Debit Card is definitely worth considering. With its many features and attractive cashback options, it’s a great choice for anyone looking for a reliable and convenient way to make payments.
Key Features and Benefits
If you’re looking for a reliable and feature-packed debit card, the DBS Visa Debit Card is an excellent choice. Here are some of the key features and benefits that make it stand out:
Cashback and Rewards
With the DBS Visa Debit Card, you can enjoy up to 3% cashback on your contactless payments, including Apple Pay, Samsung Pay, Google Pay, and SimplyGo for public transport. The cashback is capped at $200 per transaction, and there are some terms and conditions that apply. However, this is a great way to save money on your everyday purchases and transportation expenses.
Local Transport Perks
If you’re a frequent user of public transport in Singapore, the DBS Visa Debit Card offers some great perks. With SimplyGo, you can use your card to pay for your bus and train rides without the need for an EZ-Link card. Plus, you can enjoy up to 10% rebate on your bus and train rides when you link your card to your DBS Multi-Currency Account.
Foreign Currency Advantages
If you’re a frequent traveller or you frequently shop online from foreign websites, the DBS Visa Debit Card offers some great foreign currency advantages. You can link your card to your DBS Multi-Currency Account and enjoy no foreign exchange fees when you spend in foreign currency. Plus, you can earn up to 2% cashback on your foreign currency spend, which can add up to some significant savings over time.
Online Shopping and Food Delivery
The DBS Visa Debit Card is also a great choice for online shopping and food delivery. You can enjoy exclusive discounts and promotions when you shop at selected online merchants, such as Lazada, Qoo10, and Zalora. Plus, you can enjoy up to 10% cashback on your food delivery orders from selected merchants, such as Deliveroo and Foodpanda.
Overall, the DBS Visa Debit Card is an excellent choice for anyone looking for a reliable and feature-packed debit card in Singapore. With its cashback and rewards, local transport perks, foreign currency advantages, and online shopping and food delivery benefits, this card has something for everyone.
Comparative Analysis with Other Debit Cards
If you are looking for a debit card in Singapore, you have several options to choose from. To help you make an informed decision, we have compared the DBS Visa Debit Card with some of the other popular debit cards in Singapore.
DBS vs. UOB Debit Card Features
The UOB One Debit Card is a popular choice among students and young adults in Singapore. However, when compared to the DBS Visa Debit Card, it falls short in a few areas. For example, the UOB One Debit Card has an annual fee of SGD 18.17, while the DBS Visa Debit Card has no annual fee. Additionally, the UOB One Debit Card only offers up to 10% cashback on various spends, while the DBS Visa Debit Card offers 3% cashback for contactless transactions with no cap on the cashback earned.
DBS vs. OCBC Debit Card Benefits
The OCBC Frank Debit Card is another popular option in Singapore, especially among young adults. However, when compared to the DBS Visa Debit Card, it lacks certain benefits. For example, the OCBC Frank Debit Card offers cashback only on specific categories such as online shopping, mobile payments, and entertainment, while the DBS Visa Debit Card offers cashback on all contactless transactions. Additionally, the OCBC Frank Debit Card has a cap on the cashback earned, while the DBS Visa Debit Card has no such cap.
DBS vs. Citibank and HSBC Debit Cards
Citibank and HSBC are two other major players in the debit card market in Singapore. However, when compared to the DBS Visa Debit Card, they have certain limitations. For example, the Citibank Debit Mastercard offers cashback only on certain categories such as dining, groceries, and petrol, while the DBS Visa Debit Card offers cashback on all contactless transactions. Similarly, the HSBC Debit Card offers cashback only on specific categories such as dining, shopping, and travel, while the DBS Visa Debit Card offers cashback on all contactless transactions.
In summary, the DBS Visa Debit Card is a great choice for those looking for a debit card in Singapore. It offers several benefits such as no annual fee, cashback on all contactless transactions, and no cap on the cashback earned. While other debit cards in Singapore may have certain benefits, they fall short when compared to the DBS Visa Debit Card.
Fees and Charges
When it comes to choosing a debit card, one of the most important factors to consider is the fees and charges associated with it. In this section, we’ll take a closer look at the fees and charges associated with the DBS Visa Debit Card.
Understanding the Annual Fee
The DBS Visa Debit Card comes with an annual fee of S$18. However, this fee can be waived if you meet certain criteria, such as making a minimum spend of S$400 per month. This can be a great way to save money on your annual fees, so be sure to keep track of your spending to ensure you meet the criteria.
Foreign Exchange and Transaction Fees
If you plan on using your DBS Visa Debit Card for overseas transactions, it’s important to be aware of the foreign exchange and transaction fees. The foreign exchange fee is 2.8% of the transaction amount, while the transaction fee is S$2.50 per transaction. These fees can add up quickly, so it’s important to factor them into your budget when travelling overseas.
ATM Withdrawal Costs
If you need to withdraw cash from an ATM using your DBS Visa Debit Card, there are some costs to be aware of. For local ATM withdrawals, there is no charge. However, for overseas cash withdrawals, there is a fee of S$7 per transaction. This fee can be quite high, so it’s important to plan ahead and withdraw enough cash to avoid multiple transactions.
Overall, the DBS Visa Debit Card offers competitive fees and charges, especially if you meet the minimum spend criteria to have your annual fee waived. However, it’s important to be aware of the foreign exchange and transaction fees, as well as the ATM withdrawal costs, to ensure you don’t overspend on fees.
Usage and Convenience
Using the DBS Visa Debit Card is very convenient and hassle-free. You can use it to withdraw cash from any ATM that accepts NETS, and you can also use it to make purchases at any merchant that accepts Visa. Here are some of the ways in which the DBS Visa Debit Card makes your life easier:
Local and Overseas Withdrawal Limits
The DBS Visa Debit Card has a daily withdrawal limit of $3,000 for local ATMs and $5,000 for overseas ATMs. This means that you can withdraw cash whenever you need it, without having to worry about running out of money.
Contactless Payments and Digital Wallets
The DBS Visa Debit Card supports contactless payments through Visa PayWave, Apple Pay, Samsung Pay, or Google Pay. This means that you can pay for your purchases by simply tapping your card or phone on the payment terminal. You can also link your DBS Visa Debit Card to your Grab app to pay for your rides and taxis.
Ease of Use with Public Transport
The DBS Visa Debit Card is also very convenient for use with public transport. You can use it to pay for your rides on buses and trains through the SimplyGo system, or you can link it to your EZ-Link card for even more convenience. With the DBS Visa Debit Card, you no longer have to worry about carrying cash or topping up your EZ-Link card.
Overall, the DBS Visa Debit Card is a great option for those who value convenience and ease of use. With its high withdrawal limits, support for contactless payments and digital wallets, and ease of use with public transport, it is a must-have for anyone looking for a hassle-free way to manage their finances.
Eligibility and Application Process
If you’re looking for a debit card that offers cashback and other perks, the DBS Visa Debit Card might be the right choice for you. Here’s what you need to know about the eligibility requirements and application process.
Minimum Income and Age Requirements
To be eligible for the DBS Visa Debit Card, you must be at least 16 years old and have a minimum income of S$500 per month. If you’re a student, you can still apply for the card as long as you meet the age requirement.
Steps to Apply for a DBS Visa Debit Card
Applying for the DBS Visa Debit Card is easy and can be done online or in-person at a DBS branch. Here are the steps you need to follow:
- Visit the DBS website and select the DBS Visa Debit Card.
- Check the eligibility requirements and make sure you meet them.
- Fill out the application form with your personal and financial details.
- Submit the required documents, which may include your NRIC or passport, proof of income, and proof of address.
- Wait for your application to be processed and approved.
- Once your application is approved, you’ll receive your DBS Visa Debit Card in the mail.
It’s important to note that the application process may vary depending on your circumstances and the type of card you’re applying for. Make sure you read the terms and conditions carefully before applying.
Overall, the DBS Visa Debit Card is a great option for those looking for a debit card with cashback and other perks. With its easy application process and reasonable eligibility requirements, it’s a card that’s worth considering.
Rewards and Loyalty Programmes
If you’re looking for a debit card that rewards you for your spending, the DBS Visa Debit Card might be a great option for you. Here are a few benefits you can enjoy with this card:
DBS Points and Treats Program
The DBS Points and Treats Program is a rewards program that lets you earn points for your spending. You can redeem these points for a variety of rewards, including dining vouchers, shopping vouchers, and even air miles. With the DBS Visa Debit Card, you can earn 1 point for every S$5 you spend on local transactions, and 2 points for every S$5 you spend on overseas transactions.
Linking with Passion Membership
If you’re a member of the Passion loyalty programme, you can link your membership with your DBS Visa Debit Card to earn even more rewards. With the Passion membership, you can earn points for your spending at participating merchants, and redeem these points for rewards such as movie tickets, dining vouchers, and more. By linking your Passion membership with your DBS Visa Debit Card, you can earn additional rewards such as cashback and discounts on your purchases.
Overall, the DBS Visa Debit Card offers a great rewards program that can help you get more out of your spending. Whether you’re looking for cashback, discounts, or other rewards, this card has something to offer. Plus, with the ability to link your Passion membership, you can earn even more rewards and get even more value from your spending.
Spending and Cashback Opportunities
Are you looking for a debit card that rewards you for your spending? The DBS Visa Debit Card might just be what you need. Here are some tips on how to maximise your rewards with minimum spend.
Maximising Rewards with Minimum Spend
To get the most out of your DBS Visa Debit Card, you need to spend at least $500 on Visa transactions each month. This will give you up to 10% cashback on online food delivery and local transport. You can also earn 2% cashback on all foreign currency spend. So, if you frequently shop online or travel overseas, this card might be a great fit for you.
Cashback on Essential Purchases
The DBS Visa Debit Card also offers cashback on essential purchases. You can get 3% cashback on contactless transactions with a minimum spend of $400 per month. This includes Visa PayWave, Apple Pay, Samsung Pay, and Google Pay. You can also use your card to pay for public transport with SimplyGo and get cashback. However, do note that cash withdrawals are limited to $400 or less per month across all your DBS/POSB accounts.
When it comes to groceries and dining, the DBS Visa Debit Card offers cashback at selected merchants. You can get up to 5% cashback at NTUC FairPrice, Cold Storage, Guardian, Unity, and other Dairy Farm Singapore stores. You can also get 8% cashback at FairPrice On and Warehouse Club. So, if you often shop at these stores, this card might be a great way to save money.
In summary, the DBS Visa Debit Card offers a variety of cashback opportunities for essential purchases, online spending, and overseas transactions. By spending wisely and taking advantage of these rewards, you can enjoy great savings.
Travel Benefits and Global Access
Travelling abroad can be exciting, but it can also be a hassle when it comes to managing your finances. With the DBS Visa Debit Card, you can enjoy a range of travel benefits and global access that make your travels more convenient and stress-free.
Multi-Currency Account Convenience
One of the biggest advantages of the DBS Visa Debit Card is its multi-currency account convenience. With the DBS Multi-Currency Account, you can hold up to 12 foreign currencies and switch between them seamlessly. This means you can avoid foreign exchange fees and save on foreign currency spend. You can also track your foreign currency spend in real-time through your DBS iBanking account or the DBS digibank app.
Overseas Spending and Withdrawals
The DBS Visa Debit Card also offers great benefits for overseas spending and withdrawals. You can use your card to make purchases at millions of merchants worldwide that accept Visa, and enjoy the same exchange rates as DBS Remit. This means you can save on foreign transaction fees and earn miles on your overseas spend. You can also withdraw cash from any overseas ATM that accepts Visa or PLUS, and avoid overseas cash withdrawal fees when you withdraw from any of the 3 million ATMs worldwide that are part of the DBS network.
In summary, the DBS Visa Debit Card offers a range of travel benefits and global access that make it a great choice for frequent travellers. With its multi-currency account convenience and great benefits for overseas spending and withdrawals, you can enjoy a hassle-free travel experience and save on foreign exchange fees and overseas cash withdrawal fees.
Security and Fraud Protection
When it comes to your finances, security and fraud protection should be top of mind. Fortunately, DBS Visa Debit Card has a number of measures in place to ensure your peace of mind.
Firstly, DBS takes security seriously and has implemented various measures to protect you from fraud. Their website has a comprehensive guide on scams and fraud attempts, and what you should do to prevent yourself from becoming a victim [1].
Secondly, the DBS Visa Debit Card comes with a chip and PIN technology that provides an added layer of security when making purchases. This means that you will need to enter your PIN for every transaction, making it harder for fraudsters to use your card without your knowledge.
Furthermore, DBS offers real-time SMS and email alerts for all transactions made using your card. This means that you will be notified of any transactions made on your card, allowing you to quickly identify and report any suspicious activity.
Lastly, DBS has a 24/7 customer service team that you can contact in case of any suspicious activity or if your card is lost or stolen. They will be able to assist you in blocking your card and preventing any further unauthorized transactions.
Overall, DBS Visa Debit Card provides a secure and reliable way to manage your finances, with various measures in place to protect you from fraud.
Customer Support and Service
When it comes to customer support and service, DBS and POSB are known for their exceptional service. You can reach out to them through various channels such as phone, email, or through their social media platforms. DBS and POSB have a dedicated team of customer service representatives who are always ready to assist you with any queries or concerns you may have.
If you have any issues with your DBS Visa Debit Card, you can contact their customer service team, who will be more than happy to assist you. They are available 24/7, so you can reach out to them at any time of the day. You can also visit any of their branches to get assistance in person.
In case you lose your DBS Visa Debit Card, you can report it immediately by calling their hotline or through their mobile app. They will block your card to prevent any unauthorised transactions and issue you a new card. If you are overseas and lose your card, you can contact their international hotline for assistance.
Overall, DBS and POSB have a reliable and efficient customer support system in place. They are committed to providing their customers with the best service possible and are always looking for ways to improve their customer experience. If you have any concerns or queries, do not hesitate to reach out to them.
Frequently Asked Questions
What splendid perks come with the DBS Visa Debit Card?
The DBS Visa Debit Card offers a wide range of exciting perks and benefits. These include up to 10% cashback on online food delivery and local transport, 3% cashback for contactless transactions, and exclusive discounts on dining, shopping, and entertainment. You can also enjoy complimentary travel insurance and access to airport lounges when you book your flights with your DBS Visa Debit Card.
How can I avoid foreign transaction fees with my DBS Visa Debit Card?
With the DBS Visa Debit Card, you can avoid foreign transaction fees by using it to make purchases in the local currency of the country you are visiting. This way, you can save money on conversion fees and enjoy a hassle-free shopping experience overseas.
Is there an exhilarating promo code currently available for the DBS Visa Debit Card?
Yes, there are several promo codes available for the DBS Visa Debit Card. You can check the DBS website or mobile app for the latest offers and discounts. Some of the current promotions include cashback on online shopping, dining, and travel bookings.
Which DBS Debit Card offers the most smashing cashback rewards in Singapore?
The DBS Visa Debit Card is one of the best debit cards in Singapore when it comes to cashback rewards. With up to 10% cashback on online food delivery and local transport, and 3% cashback for contactless transactions, you can save a lot of money on your everyday expenses.
Can the DBS Visa Debit Card be used to make a purchase in multiple currencies without a hitch?
Yes, the DBS Visa Debit Card is a multi-currency card that can be used to make purchases in multiple currencies without any hassle. You can also withdraw cash in local currency from ATMs worldwide. However, do note that there may be foreign transaction fees and currency conversion fees involved, so it is best to check with DBS before using your card overseas.
How does the DBS multi-currency card stack up against competitors like YouTrip?
The DBS multi-currency card is a great option for those who want to make purchases in multiple currencies without any hassle. It offers competitive exchange rates and low fees, making it a popular choice among travellers. However, YouTrip is another popular multi-currency card that offers similar features and benefits. It is best to compare the two cards and choose the one that best suits your needs and preferences.
