Are you looking for a credit card that offers great rewards and benefits in Singapore? Look no further than DBS credit cards. DBS offers a range of credit cards that cater to different lifestyles and needs. Whether you’re a frequent traveller, a shopaholic, or a foodie, there’s a DBS credit card that’s perfect for you.
One of the most popular DBS credit cards is the DBS Live Fresh Card. This card offers cashback on online and contactless spending, making it a great choice for those who prefer to shop online. Another popular option is the DBS Altitude Card, which offers air miles for every dollar spent, making it ideal for frequent travellers. If you’re a foodie, you might want to consider the DBS Black Card, which offers dining privileges and discounts at some of Singapore’s top restaurants.
With so many options to choose from, it can be overwhelming to decide which DBS credit card is right for you. That’s why we’ve put together this quick review of DBS credit cards in Singapore. We’ll take a closer look at some of the top DBS credit cards and their benefits, so you can make an informed decision and choose the card that’s perfect for you.
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Looking for a credit card that fits your lifestyle in Singapore? Look no further than DBS! They offer a variety of cards with cashback, miles, rewards points, and more.
Here’s a quick overview:
- Popular options: DBS Live Fresh (cashback), DBS Altitude (miles), DBS Woman’s Card (rewards points).
- Benefits: Cashback, miles, rewards points, discounts, airport lounge access, and more.
- Eligibility: Minimum income of S$30k for Singaporeans, S$45k for foreigners (varies by card).
- Types of cards: Premium, miles, cashback, dining & entertainment, and more.
- Things to consider: Credit limit, annual fees (with waivers available for some cards).
Remember, it’s important to use your credit card responsibly and avoid overspending.
Ready to learn more? Explore the different DBS credit cards and find the perfect one for you!
Overview of DBS Credit Cards
If you’re looking for a credit card in Singapore, DBS Bank has a wide range of options that could fit your needs. DBS offers credit cards with various benefits, including cashback, miles, rewards points, and DBS points.
One of the most popular types of DBS credit cards is the cashback card. With a cashback card, you can earn cash rebates on your spending, which can help you save money in the long run. DBS offers several cashback credit cards, including the DBS Live Fresh Card, which gives you up to 10% cashback on eco-merchants, and the POSB Everyday Card, which offers the best cashback on dining, groceries, shopping, and more.
If you’re more interested in earning miles or rewards points, DBS also has options for you. The DBS Altitude Card allows you to earn air miles on your spending, while the DBS Woman’s Card gives you rewards points that you can use to redeem a variety of items.
In addition to these benefits, DBS credit cards also come with a range of perks and privileges. For example, many DBS credit cards offer discounts on dining, shopping, and entertainment, as well as access to airport lounges and travel insurance.
Eligibility Criteria
If you are interested in applying for a DBS credit card, you will need to meet certain eligibility criteria. Here are the requirements you need to fulfill to be considered eligible:
Income Requirements
To be eligible for a DBS credit card, you must have a minimum gross annual income of S$30k if you are a Singaporean or S$45k if you are a foreigner. However, keep in mind that different cards may have different income requirements, so it’s best to check the specific card you are interested in to confirm the income requirement.
Documentation for Salaried Employees
If you are a salaried employee, you will need to provide the following documents to apply for a DBS credit card:
- Computerised payslip (latest)
- Latest income tax notice of assessment OR
- Latest 12 months’ CPF statement
In some cases, you may also be required to provide a company letter stating your employment details and salary.
Documentation for Self-Employed and Foreigners
If you are self-employed or a foreigner, you will need to provide the following documents to apply for a DBS credit card:
- Latest income tax notice of assessment OR
- Last 2 years’ income tax notice of assessment (for self-employed individuals)
- Company registration document (for self-employed individuals)
- Employment Pass (for foreigners)
Keep in mind that different cards may have different documentation requirements, so it’s best to check the specific card you are interested in to confirm the documentation requirements.
Overall, DBS credit cards offer a range of benefits and rewards, making them a popular choice for many in Singapore. By meeting the eligibility criteria and providing the necessary documentation, you can apply for a DBS credit card and start enjoying the benefits today.
Types of DBS Credit Cards
DBS offers a wide range of credit cards that cater to different lifestyles and preferences. Here are some of the types of DBS credit cards that you can choose from:
Premium Cards for High Earners
If you belong to the S$120k segment and are looking for an exclusive credit card, DBS has got you covered. The DBS Insignia Visa Infinite Card is one of the most prestigious credit cards in Singapore, offering unparalleled privileges and benefits. With this card, you can enjoy access to over 1,000 airport lounges worldwide, complimentary limousine transfers, and 24-hour concierge service. The annual fee for this card is S$3,210.
Cards Offering Miles
If you are a frequent traveller, you can earn miles with your DBS credit card and redeem them for flights and other travel-related expenses. The DBS Altitude Visa Signature Card is a popular choice among travellers, as it offers up to 3 miles per S$1 spent on online flight and hotel transactions. You can also earn 1.2 miles per S$1 spent locally and 2 miles per S$1 spent overseas. The annual fee for this card is S$192.60.
Cards for Cashback and Rebates
If you prefer cashback or rebates, DBS has several credit cards that offer these benefits. The DBS Live Fresh Card is a great option for those who love to shop and dine out. You can earn up to 5% cashback on online and contactless transactions, as well as on dining and entertainment. The annual fee for this card is S$128.40.
Dining and Entertainment Specials
If you love to eat out and enjoy entertainment, DBS has credit cards that offer dining and entertainment privileges. The DBS Woman’s World Card is a popular choice among women, as it offers up to 10% cashback on dining, online shopping, and groceries. You can also enjoy exclusive discounts and perks at over 1,000 merchants in Singapore. The annual fee for this card is S$192.60.
Understanding Credit Limits
One of the most important aspects of a credit card is the credit limit. This is the maximum amount of money that you can spend using your credit card. The credit limit is determined by the bank and is based on several factors, including your annual income, credit score, and credit history.
DBS Credit Cards have different credit limits depending on your income. If your annual income is S$30,000 or below, your credit limit is capped at 2 times your monthly income. If you earn S$30,000 to S$120,000 a year, your credit limit is up to 4 times your monthly income. If you earn more than S$120,000 per year, your credit limit is up to 8 times your monthly income.
To apply for a credit limit increase, you can fill out the online form on the DBS website. You will need to provide your personal details, income information, and the reason for the credit limit increase. DBS may also request additional documents, such as your latest payslip or income tax statement, to verify your income.
It’s important to remember that a higher credit limit means more spending power, but it also means a higher debt if you’re not careful with your spending. Always make sure that you can afford to pay off your credit card balance each month before making any purchases. It’s also a good idea to keep track of your spending and set a budget to avoid overspending.
Tip
Ready to maximize your credit card benefits? Keep an eye on your credit utilization ratio – it’s the percentage of your credit limit that you’re currently using. Aim to keep it below 30% to maintain a healthy credit score.
Regularly review your credit limit to ensure it aligns with your financial goals and needs. Consider requesting a credit limit increase if your income has increased or your spending patterns have changed. Remember, responsible credit card usage can lead to greater financial flexibility and rewards!
Exploring Card Benefits
DBS Credit Cards in Singapore offer a range of benefits that cater to your lifestyle needs. Here are some of the benefits you can enjoy with your DBS Credit Card:
Travel Benefits
Travel in style with your DBS Credit Card. Enjoy exclusive travel benefits such as complimentary travel insurance and airport lounge access with Priority Pass. You can also earn miles on your travels and redeem them for flights, hotel stays, and more.
Dining Perks
Indulge in delicious meals at your favourite restaurants with your DBS Credit Card. Get dining discounts and cashback offers at selected restaurants. You can also earn miles on your dining spends and redeem them for more dining experiences.
Shopping and Cashback Offers
Shop till you drop with your DBS Credit Card and enjoy cashback offers and rebates on your shopping spends. You can also earn miles on your shopping spends and redeem them for shopping vouchers and merchandise.
In addition to the above benefits, DBS Credit Cards also offer other perks such as 24-hour customer service, easy payment options, and secure transactions. With so many benefits to choose from, you are sure to find a DBS Credit Card that suits your lifestyle needs.
Rewards and Bonus Points
When it comes to rewards and bonus points, DBS credit cards have a lot to offer. With every dollar you spend, you can earn DBS points that can be redeemed for a variety of rewards, including shopping vouchers, dining discounts, and even cash credits.
One of the best things about DBS credit cards is the flexibility they offer. You can choose to use your DBS points to pay for your purchases on the spot, or even days after, through DBS PayLah!. This means you can save up your points for a bigger reward, or use them as soon as you earn them.
DBS also offers a range of promotions that allow you to earn bonus points on certain types of spending. For example, the DBS yuu Card offers a base cash rebate of 5% (10 yuu points) at participating merchants with no minimum spend required. You’ll earn an additional 13% cash rebate (26 yuu points) when you spend a minimum of S$600 per month, or up to 18% cashback in total (36 yuu points).
With DBS rewards credit cards, you can earn reward points as you spend, and redeem them for shopping or dining vouchers, movie tickets, and more. DBS even offers a rewards program specifically for its yuu Card, where you can earn cash rebates and yuu points for your spending.
Application Process
Applying for a DBS credit card in Singapore is a straightforward process. The online application form allows you to conveniently apply for a credit card from the comfort of your own home. The form is user-friendly and gathers all the necessary information required for the application.
Online Application Form
The online application form is designed to capture essential details, such as personal information, employment details, and income. It provides a seamless experience, guiding you through the process step by step. Once completed, the form is submitted electronically, expediting the application process.
Salary Crediting and Verification
For salaried employees, salary crediting is a crucial aspect of the application process. DBS requires income verification, often in the form of an income tax notice of assessment. This ensures that the applicant meets the minimum income requirement for the chosen credit card. Verifying your income through salary crediting is essential for a smooth and efficient application process.
Annual Fees and Waivers
When it comes to DBS credit cards in Singapore, annual fees are a common concern. But don’t worry, because DBS offers a range of credit cards with different annual fees and waivers to suit your needs.
Some DBS credit cards come with no annual fee, such as the DBS Live Fresh Student Card and the DBS Black Visa Card. These cards are perfect for students or those who want a credit card without the burden of an annual fee.
For other DBS credit cards, the annual fee ranges from S$192.60 to S$321 per year. However, DBS also offers annual fee waivers for certain credit cards. For example, the DBS Altitude Card offers a fee waiver for the first year, and subsequent annual fees can be waived if you spend a certain amount each year.
To help you understand the annual fees and waivers for each DBS credit card, we’ve compiled a table below:
| Credit Card | Annual Fee | Waiver |
|---|---|---|
| DBS Live Fresh Card | S$192.60 | 1-year waiver |
| DBS Altitude Card | S$192.60 to S$321 | 1-year waiver + subsequent waiver with minimum spend |
| DBS Black Visa Card | No annual fee | N/A |
| DBS Takashimaya American Express Card | S$196.20 | 1-year waiver with minimum spend |
| DBS Woman’s Card | S$160.50 to S$214 | 1-year waiver + subsequent waiver with minimum spend |
As you can see, there are different annual fees and waivers for each DBS credit card. It’s important to choose the right card based on your spending habits and needs. If you’re a frequent traveller, for example, the DBS Altitude Card might be the best choice for you because of its travel perks and fee waivers.
Overall, DBS credit cards offer a range of annual fees and waivers to suit your needs. Just make sure to read the terms and conditions carefully before applying for a credit card to ensure that you understand the fees and waivers.
List of DBS Credit Cards
If you are looking for a credit card in Singapore, DBS offers a range of options to suit your needs. Here’s a list of the DBS credit cards that you can choose from:
- DBS Live Fresh Card: This card is perfect for those who enjoy dining out and shopping. You can earn up to 5% cashback on online shopping and contactless payments, as well as 0.3% cashback on all other transactions.
- DBS Altitude Visa Signature Card: This card is geared towards frequent travellers. You can earn up to 3 miles per S$1 spent on air tickets and hotel bookings, as well as 1.2 miles per S$1 spent on all other transactions.
- DBS Woman’s Card: This card is designed for women and offers exclusive privileges and discounts on shopping, dining, and beauty services. You can earn up to 5% cashback on online purchases and 0.3% cashback on all other transactions.
- DBS Black Visa Card: This card is for high net worth individuals and offers exclusive privileges such as access to airport lounges and concierge services. You can earn up to 3% cashback on all transactions.
- DBS Esso Card: This card is ideal for motorists who frequently visit Esso petrol stations. You can earn up to 21.2% fuel savings at Esso and 5% cashback on all other transactions.
- DBS Takashimaya Card: This card offers exclusive privileges and discounts at Takashimaya Department Store, as well as cashback on all other transactions.
- DBS Live Fresh Student Card: This card is designed for students and offers cashback on dining, online shopping, and contactless payments, as well as discounts on movie tickets and other entertainment.
As you can see, DBS offers a variety of credit cards to suit different needs and lifestyles. Whether you’re a frequent traveller, a shopaholic, or a student, there’s a DBS credit card that’s perfect for you.
Frequently Asked Questions
What are the latest promotions available for DBS credit cards?
DBS credit cards offer a range of promotions that are updated regularly. Some of the current promotions include cashback rewards, bonus miles, and discounts on dining and shopping. To stay up-to-date on the latest promotions, you can visit the DBS website or follow DBS on social media.
How quickly can I expect to receive my DBS credit card after approval?
Once your DBS credit card application has been approved, you can expect to receive your card within 7 to 10 business days. If you need your card urgently, you can request for express delivery at an additional fee.
Which DBS credit card is considered the top choice for consumers in Singapore?
The DBS Altitude Card is considered one of the top choices for consumers in Singapore. It offers generous rewards for travel-related expenses, including airfare, hotels, and dining. Additionally, the card offers exclusive access to airport lounges and travel insurance coverage.
Can you tell me the benefits of the DBS Platinum credit card?
The DBS Platinum credit card offers a range of benefits, including cashback rewards on dining, groceries, and petrol purchases. Additionally, the card offers discounts on travel bookings and access to exclusive dining deals. Cardholders can also enjoy complimentary travel insurance coverage and 24-hour customer service.
What is the customer service hotline number for DBS credit card inquiries?
If you have any inquiries about your DBS credit card, you can contact the customer service hotline at +65 1800 111 1111. The hotline is available 24 hours a day, 7 days a week.
How does the DBS credit card compare to other banks’ cards in Singapore?
DBS credit cards are known for their competitive rewards programs and exclusive benefits. However, it’s always a good idea to compare credit cards from different banks to find the best option for your needs. Some factors to consider include annual fees, interest rates, rewards programs, and customer service.
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