If you’re looking for a credit card that can help you save money on your daily expenses, DBS Cashback Credit Card Singapore might be the perfect fit for you. With its cashback benefits and features, you can earn rebates on your spending and get more value for your money.
To apply for a DBS Cashback Credit Card Singapore, you need to meet certain eligibility requirements and go through a simple application process. Once you’re approved, you can start enjoying the additional perks and privileges that come with the card, such as discounts, promotions, and exclusive deals.
However, it’s important to understand the fees and charges associated with the card, as well as the spending and cashback conditions that apply. You should also consider the supplementary card and family benefits that are available, as well as how DBS/POSB credit cards compare to other options on the market. In this article, we’ll go over the key things to remember about DBS Cashback Credit Card Singapore, so you can make an informed decision and get the most out of your credit card.
Key Takeaways
- DBS Cashback Credit Card Singapore offers cashback benefits and features that can help you save money on your daily expenses.
- To apply for the card, you need to meet certain eligibility requirements and go through a simple application process.
- It’s important to understand the fees and charges associated with the card, as well as the spending and cashback conditions that apply.
Cashback Benefits and Features
If you are looking for a credit card that rewards you for your spending, the DBS Cashback Credit Card is an excellent option. Here are some of the key benefits and features you can expect:
Exclusive Cashback Offers
With the DBS Cashback Credit Card, you can earn cashback on your everyday spending. You can earn up to 5% cashback on Visa Contactless Spend and up to 10% cashback on selected eco-merchants. Plus, you can enjoy exclusive cashback offers that are not available with other credit cards.
DBS Live Fresh Card Perks
One of the best features of the DBS Cashback Credit Card is the DBS Live Fresh Card. This card offers up to 10% cashback on your spending, including 5% cashback on online and Visa Contactless Spend. You can also earn an additional 5% Green Cashback on selected eco-eateries, retailers, and transport services.
Maximising Rewards with Eco-Friendly Spending
If you are looking to live a more sustainable lifestyle, the DBS Cashback Credit Card can help you maximise your rewards. By spending with eco-merchants, you can earn up to 10% cashback and support sustainable businesses. Plus, with the Green Cashback feature, you can earn additional rewards for your sustainable spend.
Overall, the DBS Cashback Credit Card is an excellent choice if you want to earn cashback on your spending and support sustainable businesses. With exclusive cashback offers, the DBS Live Fresh Card, and rewards for eco-friendly spending, this card is a great way to maximise your rewards.
Eligibility and Application
If you are considering applying for a DBS Cashback Credit Card in Singapore, it is important to understand the eligibility criteria and application process. Here are the key things you need to know before you apply.
Understanding Eligibility Criteria
To be eligible for a DBS Cashback Credit Card, you must be at least 21 years old and have a minimum annual income of S$30,000 if you are a Singaporean, or S$45,000 if you are a foreigner. Additionally, you must meet the bank’s credit assessment criteria.
Application Process Details
You can apply for a DBS Cashback Credit Card online or in-person at a DBS branch. The online application process is simple and straightforward. You will need to provide your personal details, including your name, contact information, and SingPass ID. You will also need to submit your income and employment details, as well as any other relevant information required by the bank.
Documents Required for Application
To complete your application, you will need to provide supporting documents. These include proof of identity, such as your NRIC or passport, as well as proof of income, such as your latest payslip or income tax statement. Foreigners may also need to provide additional documents, such as their work permit or employment pass.
Before applying, make sure you read and understand the terms and conditions of the DBS Cashback Credit Card. This will help you avoid any surprises or misunderstandings later on. With a little preparation and attention to detail, you can apply for a DBS Cashback Credit Card and start enjoying its benefits in no time!
Additional Perks and Privileges
If you are looking for a cashback credit card that offers more than just cashback, then the DBS Cashback Credit Card is the one for you. In addition to earning cashback on your purchases, you can also enjoy a range of exclusive perks and privileges.
Dining and Entertainment Rewards
With the DBS Cashback Credit Card, you can enjoy up to 10% cashback on dining and entertainment expenses at selected merchants. This includes popular restaurants, bars, and clubs across Singapore. You can also enjoy exclusive dining privileges such as discounts and freebies at participating restaurants.
Online Shopping Advantages
If you love shopping online, then the DBS Cashback Credit Card is perfect for you. You can enjoy up to 5% cashback on your online purchases at selected merchants. Plus, you can take advantage of exclusive online shopping privileges such as promo codes and discounts at popular e-commerce sites.
Travel and Transport Services
When it comes to travel and transport, the DBS Cashback Credit Card has got you covered. You can enjoy exclusive travel privileges such as discounts on hotel bookings with Expedia and free rides with Gojek. You can also enjoy transport privileges such as discounts on SimplyGo and exclusive access to Visa Concierge services.
In conclusion, the DBS Cashback Credit Card offers more than just cashback. With a range of exclusive perks and privileges, you can enjoy a more rewarding lifestyle. Whether you love dining out, shopping online, or travelling, the DBS Cashback Credit Card has something for everyone.
Understanding Fees and Charges
If you’re considering applying for a DBS cashback credit card, it’s important to understand the fees and charges that come with it. Here is a breakdown of the most important fees and charges to keep in mind:
Annual Fee and Waivers
DBS cashback credit cards come with an annual fee, which varies depending on the specific card you choose. For instance, the POSB Everyday Card has an annual fee of S$192.60, while the DBS Live Fresh Card has an annual fee of S$128.40. However, DBS offers an annual fee waiver for the first year, so you won’t have to pay anything upfront.
To continue enjoying the annual fee waiver for subsequent years, you may need to meet certain spending requirements. For example, with the DBS Altitude American Express Card, you need to charge a minimum of S$25,000 to your card each year to receive the annual fee waiver for the following year. Similarly, with the POSB Everyday Card, you need to charge a minimum of S$6,000 to your card each year to receive the annual fee waiver for the following year.
Interest Rates and Finance Charges
DBS cashback credit cards come with an interest rate of 26.8% p.a. on the outstanding balance, with a minimum charge of S$2.50. This means that if you don’t pay off your balance in full each month, you’ll be charged interest on the remaining balance.
In addition to interest charges, DBS may also charge finance charges on cash advances and balance transfers. The finance charge for cash advances is 28% p.a., while the finance charge for balance transfers is 0% for the first 6 months and 18% p.a. thereafter.
Other Potential Fees
Aside from annual fees and interest charges, there are a few other potential fees to keep in mind when using your DBS cashback credit card. For instance, if you make a late payment, you may be charged a late fee of S$100. Additionally, if you exceed your credit limit, you may be charged an overlimit fee of S$40.
It’s also worth noting that DBS may charge a Goods and Services Tax (GST) on some of these fees and charges. For instance, the GST on the annual fee is currently 7%.
Overall, while there are some fees and charges associated with DBS cashback credit cards, there are also plenty of opportunities to save money through cashback rewards. By understanding the fees and charges upfront, you can make informed decisions about how to use your card and avoid unnecessary fees.
Spending and Cashback Conditions
If you’re considering applying for a DBS cashback credit card in Singapore, it’s important to understand the spending and cashback conditions that come with it. Here are some key things to remember:
Meeting the Minimum Spend
To earn cashback on your DBS cashback credit card, you’ll need to meet the minimum spend requirement. This is usually around S$800 per month, but it can vary depending on the card you choose. Keep in mind that some cashback cards require you to spend a minimum amount in a specific category, such as dining or groceries.
Understanding the Cashback Cap
Another important thing to remember is the cashback cap. This is the maximum amount of cashback you can earn in a given period, usually a month. Once you reach the cashback cap, you won’t earn any more cashback until the next period. Make sure you understand the cashback cap for your specific card so you can plan your spending accordingly.
Eligible Transactions for Cashback
Not all transactions are eligible for cashback on your DBS cashback credit card. Some retailers may not accept Visa contactless payments, for example, which could impact your ability to earn cashback. Additionally, some eco-eateries may not be eligible for cashback, so make sure you check the list of eligible transactions before making a purchase.
To summarise, meeting the minimum spend requirement, understanding the cashback cap, and knowing which transactions are eligible for cashback are all important factors to consider when using a DBS cashback credit card in Singapore. By keeping these things in mind, you can maximise your rewards and enjoy the benefits of using a cashback credit card.
Supplementary Card and Family Benefits
Are you looking for a credit card that offers benefits for your entire family? DBS Cashback Credit Card Singapore offers supplementary cards that you can add to your account. Here are some key things to remember about supplementary cards and family benefits.
Adding Supplementary Cards
Adding supplementary cards is easy and convenient. You can apply for a supplementary card online if you are an existing DBS/POSB credit cardholder. Once you receive the card, you can activate it and start using it right away. You can also set a spending limit for each supplementary card to ensure that your family members do not overspend.
Benefits for the Whole Family
With DBS Cashback Credit Card Singapore, you can earn DBS points on your purchases. You can redeem these points for a variety of rewards, including dining vouchers, shopping vouchers, and air miles. When you add supplementary cards to your account, your family members can also earn DBS points on their purchases. This means that your family can enjoy the rewards together.
In addition to earning DBS points, your family members can also enjoy the same benefits as you do. This includes cashback on their purchases, discounts on dining and entertainment, and exclusive deals on travel and shopping. With DBS Cashback Credit Card Singapore, you can be sure that your family is getting the most out of their spending.
To summarise, adding supplementary cards to your DBS Cashback Credit Card Singapore account is a great way to extend the benefits to your family. Your family members can enjoy the same rewards and benefits as you do, and you can earn DBS points on all of your family’s purchases. So why wait? Apply for a supplementary card today and start enjoying the benefits together!
Comparing DBS/POSB Credit Cards
When it comes to cashback credit cards, DBS/POSB offers a variety of options to choose from. Here’s a breakdown of some of their most popular cards:
DBS Live Fresh vs POSB Everyday Card
The DBS Live Fresh and POSB Everyday Card are two of the most popular cashback credit cards from DBS/POSB. While both offer cashback on dining, groceries, and online shopping, there are some key differences to consider.
The DBS Live Fresh card offers up to 5% cashback on online shopping and contactless payments, as well as up to 10% cashback on selected eco-merchants. On the other hand, the POSB Everyday Card offers up to 5% cashback on dining, groceries, and petrol, making it a great option for those who spend more on these categories.
To help you decide which card is right for you, here’s a quick comparison:
| Card Features | DBS Live Fresh | POSB Everyday Card |
|---|---|---|
| Cashback on Online Shopping | Up to 5% | N/A |
| Cashback on Contactless Payments | Up to 5% | N/A |
| Cashback on Eco-Merchants | Up to 10% | N/A |
| Cashback on Dining | N/A | Up to 5% |
| Cashback on Groceries | N/A | Up to 5% |
| Cashback on Petrol | N/A | Up to 5% |
DBS Woman’s Card and DBS Altitude Card
If you’re looking for a cashback credit card that also offers travel perks, consider the DBS Woman’s Card or the DBS Altitude Card.
The DBS Woman’s Card offers up to 10% cashback on online shopping, as well as discounts on beauty and wellness services. Additionally, cardholders can earn air miles on their spending, making it a great option for frequent travellers.
The DBS Altitude Card, on the other hand, offers air miles on all spending, as well as travel perks such as lounge access and travel insurance. While it doesn’t offer cashback, it’s a great option for those who want to earn air miles on their everyday spending.
To help you decide which card is right for you, here’s a quick comparison:
| Card Features | DBS Woman’s Card | DBS Altitude Card |
|---|---|---|
| Cashback on Online Shopping | Up to 10% | N/A |
| Air Miles Earned | Yes | Yes |
| Travel Perks | No | Yes |
| Annual Fee | $192.60 | $192.60 |
Overall, DBS/POSB offers a variety of cashback credit cards to suit different spending habits and lifestyles. Consider your spending habits and priorities to choose the best card for you.
Frequently Asked Questions
How can I maximise my rewards with the DBS Live Fresh Card?
The DBS Live Fresh Card is a great choice for those who want to maximise their rewards. To get the most out of this card, you should use it for your daily expenses such as dining, entertainment, and online shopping. You can earn up to 5% cashback on these categories, subject to a minimum spend of SGD 600 per month.
What exclusive perks come with the DBS Platinum Credit Card?
The DBS Platinum Credit Card offers a range of exclusive perks, including discounts on dining, shopping, and travel. You can also enjoy complimentary travel insurance coverage of up to SGD 500,000 when you charge your travel expenses to this card. Additionally, you can earn up to 3X DBS Points on your overseas spending.
In what ways does the DBS Live Fresh Student Card cater specifically to students?
The DBS Live Fresh Student Card is designed specifically for students. It offers cashback on dining, entertainment, and online shopping, which are activities that are popular among students. Additionally, this card offers discounts on textbooks, stationery, and other school supplies, making it an excellent choice for students who want to save money.
What are the key differences between the DBS Cashback Debit and Credit Cards?
The DBS Cashback Debit Card is a debit card that offers cashback on daily essentials such as groceries, transport, and dining. On the other hand, the DBS Cashback Credit Card offers cashback on a wider range of categories, including online shopping, entertainment, and travel. Additionally, the DBS Cashback Credit Card offers higher cashback rates compared to the DBS Cashback Debit Card.
How do I ensure I meet the criteria for DBS Live Fresh Cashback Terms?
To ensure that you meet the criteria for DBS Live Fresh Cashback Terms, you should make sure that you spend at least SGD 600 per month on the categories that are eligible for cashback. Additionally, you should make sure that you pay your credit card bills on time to avoid incurring any late payment fees.
What makes cashback credit cards a smashing choice for savvy spenders?
Cashback credit cards are an excellent choice for savvy spenders because they offer cashback on your everyday expenses. This means that you can earn money while you spend money. Additionally, cashback credit cards often come with exclusive perks such as discounts on dining, shopping, and travel, making them an excellent choice for those who want to save money.
