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 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.
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.
The following are the cash rebate credit cards that DBS offers to Singaporeans, Permanent Residents and Foreigners:
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:
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.
|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|
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.
In order to apply for these credit cards, the following eligibility parameters need to be met:
For the SAFRA DBS Credit Card, you also need to be a SAFRA member.
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.