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    SAFRA DBS MasterCard

    SAFRA DBS MasterCard overview

    Earn cash rebates on all transactions and get exclusive access to SAFRA clubhouses and added benefits at SAFRA and DBS merchant establishments on the SAFRA DBS MasterCard.

    Joining Benefits/Perks

    Get cashback of up to S$30 on the SAFRA DBS MasterCard:

    • Apply for the SAFRA DBS MasterCard online by December 31st, 2016.
    • Receive cashback of up to S$20 when you make at least 5 MasterCard contactless payments within a month of your card approval.
    • Receive an additional cashback of S$10 on making 5 transactions using mobile wallet within a month of your card approval.

    SAFRA DBS Mastercard Promotion

    Given below is a list of promotions for SAFRA DBS Mastercard credit card:

    • Get a cashback of S$30 when you apply for a SAFRA DBS Mastercard credit card and meet the minimum Mastercard contactless transactions within the first month of the card approval. Offer is valid till December 31, 2017.
    • Get a discount of 10% on the total bill at Tino’s Pizza in Singapore when you pay with your SAFRA DBS Mastercard credit card. The offer is valid till December 31, 2017.
    • Dine at Bornga and enjoy a discount of 10% on the total bill. The offer is valid till December 31, 2017.
    • Get a discount of 5% and an additional discount of 5% on sale items when you shop at Rabeanco. The offer is valid till December 31, 2017.
    • Make purchases at any Esso station across the island and get 14% instant savings on fuel purchase and smile points that are equivalent to 2.5% in fuel savings. The card rewards 1 smile point for every litre of Synergy fuel purchased at any Esso station across the island. The cardholder can get a S$10 fuel redemption for 300 smile points and a redemption oF S$300 for 700 smile points.
    • This school holiday season, enjoy a trip to Sydney, Brisbane, Melbourne, Perth, and Hong Kong at fares as low as S$282. The booking can be made on dbstravels.com.

    Other Promotion

    Blackmores: Enjoy amazing discounts of up to 50% with your DBS SAFRA MasterCard Credit Card at Blackmores stores across Singapore. The offer is valid on your DBS SAFRA MasterCard till 31 December 2017.

    Cluster-Cluster: Enjoy 15% off with your DBS SAFRA MasterCard at Cluster-Cluster stores across Singapore. The promotional offer is valid till 30 September 2017.

    Dapper Avenue: DBS SAFRA cardmembers get S$20 cash credits when they use their credit card to make payments. Also, customers can get an additional 5% off on shirts at Dapper Avenue. The offer is valid till 31 December 2017.

    Hotel Grand Pacific Singapore: Enjoy 1-for-1 buffet at Hotel Grand Pacific Singapore with your POSB Everyday Card. Visit the Sun’s café for the 1-for-1 dinner buffet or the Peranakan lunch to grab the offer. The dining offer is valid till 30 December 2017.

    Toby’s The Dessert Asylum: With your POSB Everyday Card, you get 52% off on Pastas at Toby’s The Dessert Asylum. Also, you can upgrade to a set meal if you wish. The dining offer is valid till 31 August 2017.

    Features of the SAFRA DBS MasterCard

    • No annual fees are charged for SAFRA members for this credit card.
    • This credit card comes equipped with MasterCard contactless feature which can be used for transactions below S$100 at more than 30,000 establishments in Singapore.
    • This is an all-in-one card wherein you can use it as a credit card, an ATM card and a NETS FlashPay card.
    • You can top-up your NETS FlashPay card to pay for rides on LTR/MRT, Comfort and Citycabs and public buses. You can additionally use this card to make retail purchases, pay for ERP gantry and carpark fees.

    Rewards

    • What you get:
      • Cash rebate of 3% on MasterCard contactless transactions made locally.
      • Cash rebate of 3% on online transactions.
      • Cash rebate of 0.3% on other retail purchases.
    • How to redeem:
      • You will receive your cash rebates in the form of SAFRA$ where 1 SAFRA$ = S$1.
      • You can offset your purchases instantly at 6 SAFRA clubhouses in Singapore.
      • You can redeem your SAFRA$ online by logging into Internet banking and offsetting it to pay for your credit card bill.
    • Charges and details:
      • To qualify for the 3% cash rebate, you must spend a minimum amount of S$500 per calendar month.
      • SAFRA$ have an expiry date of 1 year.

    Benefits of the SAFRA DBS MasterCard

    Exclusive Access to SAFRA Clubhouses across Singapore:

    • You will have access to 6 SAFRA clubhouses on the island namely:
      • SAFRA Toa Payoh
      • SAFRA Mount Faber
      • SAFRA Jurong
      • SAFRA Yishun
      • SAFRA Tampines
      • SAFRA Punggol
    • You can access the club facilities in these club houses which will include access to the gym, swimming pools and entertainment facilities.

    SAFRAPOINTS:

    • You will receive 1 SAFRAPOINT on every dollar that you spend at participating merchants and on facilities you use at SAFRA over and above the cash rebates you earn on your credit card.
    • You can redeem the earned SAFRAPOINTS for a wide range of vouchers, services and products online.

    Fees and Charges

    Type of fee Amount payable
    Annual fee No annual fee for card holders who remain SAFRA members (SAFRA membership fee will be applicable)
    Supplementary card fee No annual fee for card holders who remain SAFRA members (SAFRA membership fee will be applicable)
    Interest rate 25.90% p.a. (Minimum charge is S$2.50)
    Late payment charges S$80 for outstanding balance above S$50
    Cash advance fee 6% of the withdrawn amount (Minimum charge is S$15)
    Interest on cash advance 28% p.a. (Minimum charge is S$2.50)

    Transactions in foreign currencies

    • Transactions made in US Dollars (USD) will be converted into Singapore Dollars (SGD). Transactions made in any other foreign currency except USD will first be converted into USD and then into SGD.
    • The conversion rates are determined by the card association and are based either on the government mandated rate or wholesale interbank rates.
    • All foreign charges that are converted by MasterCard are subject to a 1% conversion factor on the converted amount.
    • DBS charges an administrative fee of 1.5% of the transaction amount on all foreign currency transactions.
    • For foreign currency transactions converted into SGD through DCC or Dynamic Currency Conversion, an administrative fee of 1% of the converted amount will be applicable.
    • For all SGD transactions processed overseas, an administrative fee of 1% will be applicable.

    How to apply for the SAFRA DBS MasterCard

    You can apply for the SAFRA DBS MasterCard online by filling in the online application form, uploading the required documents and submitting it to the bank. To access the online application form, please visit the SAFRA DBS Card webpage of the official DBS Singapore website and click on the option, “Apply Now”.

    Eligibility Criteria for the SAFRA DBS MasterCard

    • Minimum age: 21 years.
    • Minimum income for Singapore citizens: S$30,000 p.a.

    Please note that all applicants for this credit card must be current SAFRA members. Your application will only be approved if you wish to continue maintaining your SAFRA membership. However, after receiving your new SAFRA DBS MasterCard, you must destroy your old SAFRA membership card as you are allowed to have only 1 valid membership.

    If your credit card application for SAFRA DBS MasterCard is not approved by the bank, you will be issued a SAFRA membership card.

    Documents Required

    • Salaried Employees:
      • Front and back copy of NRIC AND
      • CPF Contribution History for the past 12 months AND
      • Most recent Income NOA (Notice of Assessment) OR
      • Most recent computerized payslip.
    • Commission based employees/Variable income employees:
      • Front and back copy of NRIC AND
      • CPF Contribution History for the past 12 months OR
      • Last 2 years Income NOA (Notice of Assessment).
    • Self-employed:
      • Front and back copy of NRIC AND
      • Last 2 years Income NOA (Notice of Assessment).

    Interest on the SAFRA DBS MasterCard

    The interest charged on the SAFRA DBS MasterCard is 25.90% p.a. The interest rate will compound if you do not make full payments on your closing balances. The interest will be charged on a daily basis from your transaction date and until you make the payment in full. The minimum interest charged is S$2.50. If you pay your closing balance in full by your payment due date, then no interest will be charged on your transactions.

    Repayments

    The minimum repayment amount for the SAFRA DBS MasterCard is S$50 or 3% of your outstanding balance + any amount exceeding your credit limit. If you do not make the minimum payment by your payment due date, an additional 3% interest will be added to your interest rate of 25.90% p.a. This interest adjustment will be applicable from your next credit card account statement. Your interest rate will be reinstated to 25.90% p.a. on the first business day of your next statement cycle after you have paid the minimum payment by your payment due date.

    Lost/stolen card liability

    If your SAFRA DBS MasterCard is lost, stolen or the PIN has been disclosed to a third party, you must immediately notify DBS Bank regarding the same. Upon successfully notifying the bank regarding the theft, loss or disclosure, you will be liable to pay a maximum amount of S$100 on any unauthorized transactions on your card that occurred before you notified the bank. You will not be liable to pay for any unauthorized transactions on your card after you have notified the bank.

    Reporting Lost/Stolen Credit Cards

    If you have lost your SAFRA DBS MasterCard or it has been stolen, you must immediately report the same to DBS Bank by calling DBS Customer Service. The DBS credit card hotline number is available on the official DBS Singapore website. You can also request for card replacement when you call DBS Customer Service.

    After you have reported the incident to the bank, you must assist the bank in recovering any unauthorized charges made on your card. Additionally, you must also provide DBS with a police report and a written confirmation of the loss/theft/disclosure + any other information requested by the bank. DBS Bank must be satisfied that the loss/theft/disclosure has not been a direct result of your negligence or intent to default.

    News About SAFRA DBS MasterCard

    • SAFRA DBS MasterCard 2016

      Runtime – This is an ongoing promotion that is valid until March 31, 2016.

      Particulars –

        • Apply for the SAFRA DBS MasterCard within the promotion period (March 31, 2016).

        • Spend a minimum amount of SGD 500 on your new Credit Card within 1 month of the approval date of your card and receive SGD 80 worth CapitaVouchers.

      Terms and Conditions

        • Applicants must be existing SAFRA principal members to be eligible to apply for this promotion.

        • Applicants who have cancelled their principal SAFRA DBS MasterCard within the last 6 months before the commencement date of the promotion will not be eligible to apply for this promotion.

        • For more information on this promotion or for further details on the terms and conditions, please feel free to contact the bank.

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