DBS Cash Rebate Credit Card

    Credit cards are a significant part of our lives today. It is very important for us as it provides us with the financial assistance that we need. May it be going overseas with your family for a long awaited trip or catching a movie with your mom and dad, a credit card can always come in handy. There are different types of credit cards present in the market today. They come with unique features and benefits and are designed according the spending needs of a customer. Cash rebate is one of the most important feature that consumers want on their cards.

    DBS Bank is one of the biggest banks in the world and was established in the year 1877. Previously, it was known as the Post Office Savings Bank. DBS Bank was essentially set up so that it could take over all the industrial finance activities from Economic Development Board. Currently, DBS bank has more than hundred branches spread across in Singapore. According to the total assets, this bank is the largest in entire South East Asia. The bank has a very strong presence in different financial sectors including asset management, treasury and markets, consumer banking, debt fund raising, equity and securities brokerage. The bank never fails to offer products and services that come with a lot of innovation and customisation.

    The DBS Credit Cards are tailored to meet the demands on the changing customers. The cash rebate credit cards come with immense flexibility and attractive perks. The rates of interest for the repayment of the debt are also lucrative and beneficial for the customers. Such cash rebate cards can always prove to be the friend you need and offer you with financial support.

    DBS Cash Rebate Credit Card Promotions

    DBS Cash rebate credit cards are extremely popular among credit card users in Singapore. DBS credit card promotion offers on a range of purchases, with additional rebates in specific categories that includes entertainment, movies, dining, online shopping, retail purchase and travel to name a few.

    • ZoukOut 2017: Enjoy special prices for the all-night ZoukOut 2017, to be held at Siloso Beach, Sentosa on 8 and 9 December 2017. Up to 7 December 2017, you can buy the tickets at the below-mentioned prices if you are a DBS credit card user:
      • Individual Day Pass (Day 1): 10% discount – S$124.20
      • Individual Day Pass (Day 2): 10% discount – S$133.20
      • 2-day Festival Passes Bundle (4 Passes per day): S$800
      • Extra 5% cashback on using DBS Live Fresh Card
    • Fuel Savings at SPC: Enjoy fuel savings of up to 15% with your DBS Credit Card. The offer is valid till 31 December 2017.
    • Dining Rebates: Use your DBS Credit Card and earn rebates of up to 15% when you make at least three transactions in a calendar month using the DBS FasTrack App. Dining promotional offers are valid till 31 December 2017.
    • SAFRA Promotion: Make a minimum of transactions within the first month of receiving the DBS SAFRA Card and get S$30 cashback. The offer is valid on MasterCard Contactless payments and is valid till 31 December 2017.

    DBS offers several cash rebate credit cards that let you earn rebates on specific spend categories and sometimes have a cap on the amount of rebate that can be earned in a month. Let us take a look at some cash rebate cards offered by DBS in Singapore.

    Cash Rebate Cards offered by DBS in Singapore

    The following are the cash rebate credit cards that DBS offers to Singaporeans, Permanent Residents and Foreigners:

    • DBS Live Fresh Credit Card
    • DBS Black Credit Card
    • DBS Esso Credit Card
    • SAFRA DBS MasterCard Credit Card

    Each of these cash rebate cards offered by DBS come with a string of exciting benefits. Let’s go ahead and take a look at some notable features and benefits of these cards:

    DBS Live Fresh Card

    • The card gives you up to 10% cashback on the following spends:
      • Online or via mobile apps
      • Payments using Visa payWave contactless mode
      • Apple Pay, Samsung Pay or Android Pay
    • The card also allows you to earn 3 DBS Points per S$5 spent on online purchases and Visa payWave transactions.
    • For all other payments, you earn 1 point per S$5.
    • This card can be used as an EZ-Link card as well.
    • You can access exclusive promotional offers through the DBS Lifestyle app.

    DBS Black Card

    • This card comes in two iterations – the DBS Black Visa Card and the DBS Black American Express Card.
    • The card gives you 5% cashback on shopping as well as at departmental stores and grocery purchases.
    • You can also earn 3 DBS Points for every S$5 spent on local Visa payWave purchases, and 1 DBS point on all other purchases.
    • You need to spend at least S$700 on your card in a month to enjoy the 5% cashback.

    DBS Esso Card

    • This is a fuel credit card with special benefits at Esso petrol stations across Singapore. You can get up to 23.6% discount which includes cashback of S$30 on a minimum nett purchase of S$200 at Esso for 3 months in a row.
    • You are automatically added to the Esso Smiles Driver Rewards Programme, through which you can save more on your petrol bills.
    • You can use the ‘Pay at Pump’ option to pay your fuel bills at Esso.

    SAFRA DBS MasterCard Credit Card

    • Use your DBS SAFRA MasterCard to make contactless payments via MasterCard PayPass and get a 3% rebate on your transactions.
    • With the DBS SAFRA Card, you also get a 3% rebate on all transactions made online. These transactions can range from entertainment bookings to dining reservations and online shopping.
    • On all other retail transactions performed using your SAFRA Card, you will receive a 0.3% cash rebate.
    • With these rebates, you can enjoy greater savings on your monthly credit card expenses.
    • In order to qualify for the DBS SAFRA rebate, you are required to make a minimum spend of S$500 in a calendar month.

    Interest Rates on DBS Cash Rebate Credit Cards

    The rate of interest for these DBS Credit Cards is 25.90% p.a. This interest is only applicable to purchases and expenses on your credit card and not cash withdrawals. The interest charges have to paid only if you are not paying your credit card bill for the month in full.

    Cash withdrawals attract a higher rate of interest – 28% p.a. (levied at a compounding rate). Cash advances also carry handling charges equivalent to 6% of the transaction.

    A minimum monthly payment of 3% of the credit card outstanding balance needs to be paid by the due date of the month in order to avoid late payment charges and other penal charges.

    DBS Cash Rebate Credit Card Fees and Charges

    Product/Item Fees and Charges
    DBS Live Fresh Card

      • Principal card - S$128.40 (first year fee waived)

      • Supplementary card - S$64.20

    DBS Black Cards

      • Principal card - S$192.60 (first year fee waived)

      • Supplementary card - S$96.30

    DBS Esso Card

      • Principal card - S$85.60 (first year fee waived)

      • Supplementary card - S$42.80

    SAFRA DBS MasterCard No annual fee for the credit card. Cardholders need to pay for their SAFRA membership.
    Interest rate 25.9% p.a.
    Cash advance fee 6% of the amount withdrawn with a minimum charge of S$15
    Interest on cash advance 28% p.a.
    Late payment fee S$100 if outstanding is above S$50
    Lost or stolen card liability Maximum S$100

    How to apply for a DBS Cash Rebate Credit Card

    If you wish to apply for a cash rebate card from DBS, you can visit the official DBS website in Singapore and fill out the online application form along with submitting your supporting documents. An executive from the bank will get in touch with you and take your application process forward. You will receive your credit card in about 7 to 8 business days post approval of our credit card application.

    Eligibility Criteria for DBS Cash Rebate Cards

    In order to apply for these credit cards, the following eligibility parameters need to be met:

    • Minimum age: 21 years of age
    • Minimum income:
      • Singaporeans & permanent residents: S$30,000 p.a.
      • Foreigners: S$45,000 p.a.

    For the SAFRA DBS Credit Card, you also need to be a SAFRA member.

    Documents required

    • Salaried individuals:
    • Self-employed individuals and individuals with varied income:
      • Copy of your NRIC, CPF Statement obtained using your SingPass ID, latest Computerised Payslips.
    • Foreigners:
      • Copy of Passport, Proof of employment from employer, Employment Pass, Latest Computerised payslips.

    How to cancel a DBS Cash Rebate Card

    If you wish to cancel your DBS Cash Rebate Card, you can contact the DBS hotline number and inform the bank about the same. You will need to provide information about your card and information on most recent transactions performed to enable the bank to accurately establish your identity. Your card will subsequently be blocked and further transactions cannot take place on your credit card.

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