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 credit cards offered by DBS bank 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 Bank has been in the financial market for a long time and known about the requirements and demands of the customers. They have offered services that have won millions of hearts and have also helped them earn substantial goodwill and reputation. The cash rebate credit cards from this bank are some of the best cash rebate credit cards that one can find in the financial market. With a myriad of perks and benefits, these credit card will always deliver as per your need and at your convenience. You can track your expenses too. This will enhance the security on the credit card and give you complete control over the cash flow.
There are three cash rebate credit cards offered by DBS Bank. Let us know them in details.
|Participating Merchant||Category||Amount that you spend||Rebate percentage||Total Rebate in SAFRA$
(rounded up to two decimal points)
|Flight ticket purchase from AirAsia.com||Online||SGD 500||3 percent||15.00|
|Groceries purchased from the Cold Storage||Grocery||SGD 150||3 percent||4.50|
|Concert tickets from Sistic.com||Online||SGD 380||3 percent||11.40|
|Movie ticket purchase from Shaw||Online||SGD 20||3 percent||0.60|
|Aston at the SAFRA Toa Payoh||Retail||SGD 40||0.3 percent||0.12|
|All other expenditures including telecommunication bills, utility bills and dining spends||Retail||SGD 500||0.3 percent||1.50|
|Total spend in a month||SGD 1590|
|Total savings in that month||SGD 33.12|
There is no fee r charge associated with the SAFRA credit card as long as you continue to be a SAFRA member. The SAFRA membership fee is, however, applicable. Please, contact the bank to more about the SAFRA membership fee.
The SAFRA cards are exclusively tailored and designed for the SAFRA members. DBS has also set a minimum criteria to be eligible for a SAFRA credit card
A dependent child above the age of eighteen years or a female spouse may apply for the supplementary SAFRA credit cards. This can happen if only the principal card holder’s application for the SAFRA credit card is approved by DBS Bank.
No. You cannot apply for more than 1 SAFRA credit card. Each SAFRA member is allowed to hold only one SAFRA credit card.
A foreigner who wants to make an application for the POSB Everyday Credit Card must have an annual income of SGD 45000.
The minimum age to be eligible for a DBS Capita Card is 21 years.
A citizen of Singapore or a permanent resident of Singapore, who wants to apply for the POSB Everyday credit card, must have a minimum income of SGD 30000 on a yearly basis.