DBS, when it comes to banking is like a household name across Singapore and for the most obvious reason. Along with being headquartered in Singapore, DBS has a large list of accolades to its name. It was awarded the ‘Safest Bank in Singapore’ for 8 consecutive years which is no mean feat. DBS has prided itself in putting their consumers first and their ever increasing consumer base and range of products and services are testament to this principle.
DBS credit cards are a popular choice not just in Singapore but in the surrounding region as well. With DBS increasing its presence in Asia every passing day, cardholders can enjoy wide and global acceptance on their credit cards. The joining benefits offered by their cards cater to its wide consumer database. Joining benefits include vouchers to select merchant outlets, air miles for the avid traveller and cashback of varying amounts for the smart shopper. With a long list of cards to offer DBS has successfully managed to pack them with features while keeping their costs down. The annual fees of the cards are very affordable especially with the annual fee waivers present on almost every card. Some DBS Credit Cards even have a 5 year waiver on the annual fee.
The credit cards from DBS can be widely divided into reward cards, travel cards, student cards, and cashback cards. Cardholders can even enjoy more specific cards that can cater to them such as the DBS Woman’s card or the NUSS card which allows automatic charge of the cardholder’s NUSS bills onto their card.
Here are Best Credit Cards offered by DBS Bank in singapore:
|Card Name||Joining Fee||Annual Fee||Suitable For||Joining Perks|
|DBS Woman’s Card||S$0 (First year fee waived)||S$160.50||Online shopping, overseas purchases, dining, taxi bookings||Cashback up to S$100|
|DBS Woman’s World Card||S$0 (First year fee waived)||S$192.60||Online shopping, overseas purchases, dining, taxi bookings||Cashback up to S$100|
|DBS Altitude Visa Signature Card||S$0 (First year fee waived)||S$192.60||Online flight and hotel bookings, local and overseas transactions||Up to 10,000 air miles|
|DBS Altitude American Express Card||S$0 (First year fee waived)||S$192.60||Online flight and hotel bookings, local and overseas transactions||-|
|DBS Live Fresh Card||S$0 (First year fee waived)||S$128.40||Online shopping, Visa payWave transactions||Cashback up to S$100|
|DBS Black Visa Card||S$0 (First year fee waived)||S$192.60||Shopping, local Visa payWave transactions||Cashback up to S$100|
|DBS Black American Express Card||S$0 (First year fee waived)||S$192.60||Shopping, local Visa payWave transactions||-|
|POSB Everyday Card||S$0 (First year fee waived)||S$128.40||Dining, grocery, petrol, utility/telecommunication bills, health and beauty products||Cashback up to S$100|
|SAFRA DBS Card||S$0||Perpetual fee waiver for SAFRA members||Online transactions, retail purchases, local MasterCard contactless payments||S$30 cashback|
|DBS Live Fresh Student Card||S$0 (5 years fee waived)||S$128.40||Students, online transactions, Visa payWave transactions||-|
DBS Reward Points Credit Cards
With DBS Takashimaya American Express Card you will get:
With DBS Takashimaya Visa Card you will get:
With DBS Woman’s Card you will get:
With DBS Woman’s World Card you will get:
With DBS Esso Card you will get:
With DBS NUS Alumni Card you will get:
With DBS NUSS Card you will get:
With DBS Altitude Visa Signature Card you will get:
With DBS Altitude American Express Card you will get:
With DBS Live Fresh Card you will get:
With DBS Black Visa Card you will get:
With DBS Black American Express Card you will get:
With POSB Everyday Card you will get:
With SAFRA DBS Card you will get:
With DBS Live Fresh Student Card you will get:
Eligibility Criteria for Residents:
Eligibility Criteria for Foreigners:
DBS Credit Card Activation for regular use:
You can activate your DBS Credit Card through iBanking in the following way:
You can also activate your credit card through a Mail-in Activation Slip. Note that for this process the bank will take 5 business days to activate your credit card after receiving this slip.
You will be charged a service fee to activate your card.
DBS Credit Card Overseas Activation:
There are several ways through which you can activate your DBS Credit Card which are as follows:
You can request to cancel your DBS Credit Card through iBanking by following the steps below:
Supplementary cards associated with the principal card will be automatically cancelled upon termination of the principal card.
DBS Credit card was lost or damaged, and for more queries related credit cards, here are DBS Hotline or customer service numbers to reach DBS Bank
Yes, supplementary credit cards are available with most of the credit cards from DBS. However, an annual fee might be charged for the supplementary card.
There is no annual fee for this credit card, as long as the cardholder remains a member of SAFRA.
Yes, DBS offers the following American Express credit cards:
Yes, you will be eligible to apply for the DBS Live Fresh Visa Student Card.
If you want to earn air miles, you can opt for the DBS Altitude Visa Signature Card or DBS Altitude American Express Card.
The minimum income required to get a DBS Woman’s MasterCard card is S$30,000 p.a. for a Singaporean and S$45,000 p.a. for a foreigner.
To find out more information about the credit cards, you can visit the bank’s website or visit any branch or contact on their customer care number.
If your outstanding balance is up to SGD50, then the bank will not charge you for late payment. In case your outstanding balance is SGD50.01 and more, then you will have to pay SGD60 as penalty for paying late.
The interest rate on cash advance is 28 percent p.a. on the amount you withdraw. This interest is charged on a daily basis from the date you withdraw until you make the full payment.
You have to pay minimum 3 percent of the amount mentioned on your credit card statement or SGD50 (whichever is higher) plus the outstanding sum, if you have any.
Runtime: This promotion is valid until December 31, 2016.
• This card will give you discounts worth 5%.
• You can also gain 2 Takashimaya Bonus Points whenever you make purchases at Takashimaya Department Store worth S$12.
• You can recover your Takashimaya Gift Vouchers worth S$30 with 100 Takashimaya Bonus Points.
How to apply for this promotion:
• You need to register online for a Principal DBS Takashimaya Visa Credit Card any time before December 31, 2016. This will give you a cashback of S$10.
• Next, you can spend at Takashimaya Department Store worth S$250 within a month after your card is approved. You will receive an extra cashback of S$15 for this spend.
Terms and conditions:
• The qualifying spend does not include buying of Takashimaya Gift Vouchers.
• The benefits of this promotion cannot be exchanged, replaced, or transferred.
• Bob’s Bar, Cassia and The Knolls, Capella Singapore: With a DBS Woman’s Card, you can receive 15% off your bill when you dine here. This offer is valid until December 31, 2016.
• The Garden, Sofitel Singapore Resort and Spa Sentosa: Use your DBS Woman’s Card to earn 10% discount on Sunday Brunch and 15% off ala carte dishes. The promotion is valid until December 31, 2016.
• S.E.A. Aquarium: Reserve your tickets online and earn 15% off adult tickets (up to S$32) and get a Coke can for free. This offer is valid on park visits before January 2, 2017.
• Universal Studios Singapore: Get 10% concession on adult ticket (up to S$74) by making the payment through your DBS Woman’s Card. You can avail this offer if you go to the park any time before January 2, 2017.
• Dyson: Get 20% off Dyson Pure Cool Link Desk Fan (up to S$699). You can register for the My Preferred Payment Plan and pay only S$46.58 each month. Make your payment without any interest fee and processing fee over a period of 12 months. This offer is valid December 31, 2016.
• Reebonz: Shop at this store and gain a discount of 6% on your purchases. This offer is applicable on Fridays, Saturdays, and Sundays until December 31, 2016.
Terms and conditions:
None of the above-mentioned promotions can be clubbed with other separate offers.
01st December 2016
Runtime: Valid till November 30, 2016
If you are a DBS Altitude Visa Signature Card member, you now have the amazing opportunity to travel on a marvellous culinary adventure with famous celebrity chef and host of Destination Flavor, Adam Liaw. For every S$500 you spend using your DBS Altitude Visa Signature Card, you stand a chance to win a 5-Day 4-Night trip for two to Sydney, Australia. The trip include: a 5-star accommodation, flight travel to and fro with Singapore Airlines, private wine tours, gourmet food and more. 5 lucky winners will get an opportunity to win rewards worth S$100,000. Terms and conditions apply. The offer is valid till November 30, 2016.
16th November 2016
Latest rankings of Asia’s safest banks were dominated by Singapore’s three major banks - DBS, OCBC and UOB. While DBS clinched the coveted first place, OCBC was ranked second and UOB a near fourth. DBS retained its undisputed position for the eighth consecutive year. All three banks also figured in the top 20 in the “World’s Safest Banks” list compiled by New York based Global Finance - a popular trade publication. While DBS earned the 12th spot in the list, OCBC figured at number 14 and UOB at number 16. The banks were selected on the basis of their long term credit ratings assessed by the world’s three major credit rating agencies - Standard and Poor, Fitch and Moody’s- and total worldwide assets.
Germany’s KfW retained the prestigious number 1 spot for the fifth year on the trot, followed by Switzerland’s Zurcher Kantonalbank and the Landwirtschaftliche Rentenbank, also from Germany. Global Finance’s November issue will have the complete results of its annual survey.
13th October 2016
DBS planning to start the conversational AI technology which allow its customers to access banking services quickly on Facebook Messenger by the end of this year. As per DBS statement the chat bot service will be extended later to other Messenger like WhatsApp and WeChat in the future. Customers can now easily check their bank balance and pay bills by just chatting with the app. Customers can simply text to check their balance, which will be answered promptly. Also customer can pay bills by simply texting. The request will be processed after identifying the correct payee.
19th August 2016
Runtime – This is an ongoing promotion that is valid now and until September 30, 2016.
Particulars – Apply for a DBS Live Fresh Card online within the promotion period and receive Uber rides worth S$100.
Terms and Conditions:
• You must spend a minimum of S$400 each month for the initial 2 months from the date your card is approved to be eligible for this promotion.
• The Uber rides worth S$100 will be issued as voucher codes that you must use when paying with your DBS Live Fresh Card only.
• For further details on this promotion or for more information on the terms and conditions, please feel free to contact the bank.
Euromoney, a finance magazine recently handed out awards of excellence in which it named DBS the World’s Best Digital Bank. DBS beat out its competitors Citi, ING and BBVA for this award. DBS is the first Asian bank to receive a global accolade from this magazine. DBS was also named Asia’s best bank by Euromoney. This is the first time a Singapore based bank has received this title. Euromoney has chosen DBS because of the bank’s digital strategy that has pervaded every aspect, thereby creating a true digital financial institution.
The Chief Executive of DBS, Piyush Gupta has also corroborated this by saying that for the past few years, DBS has been immersed in digital agenda and firmly believes that the landscape of the banking industry in the future will look much different going forward.
15th July 2016
According to the local media, DBS Bank is looking for a growth of up to 38% in Indonesia with revenue from Consumer Business for 2016, primarily through expansion in its wealth management services.
According to the Group Director of Consumer Banking of DBS Indonesia, Wawan Salum, the revenue obtained from wealth business has been boosted due to the rise of priority customers with over IDR500 million (US$38,000) in individual savings.
DBS Bank is also looking to expand the bank’s digital product lines according to customer needs.
12th July 2016
A new version of Insignia Visa Infinite credit card has been launched by the Development Bank of Singapore (DBS). This card is a metal card and comes with Visa payWave technology.
The card can be used for contactless payments and it aims to cater to the payments needs of consumers in high net-worth and affluent section. To avail this card, one must have an invite.
According to Visa, the section of people who are affluent in Singapore are increasing by 25% every year. The Development Bank of Singapore also noted that out of all the transactions made in Singapore, 40% of them are contactless transactions. According to the country manager for Visa (Brunei and Singapore), Ms Ooi Huey Tyng, and introduction of this card by DBS has embraced the new cashless lifestyle of the affluent class.
07th July 2016
The success of Apple Pay in Singapore has motivated DBS Bank to increase its efforts to make Singapore a cashless country. Over 47,000 customers of DBS debit and credit cards have started using Apply Pay for making payments. Around 45% cardholders who actively use the app had paid for at least 3 transaction within 2 weeks. The Apple Pay system has increased the frequency of cashless payments in the country. Looking at the current trend, DBS bank is confident of the fact that cashless payments will increase in the future. The bank is trying to raise the transaction limit at present and it plans to remove the limits eventually. It also introduced DBS FasTrack, the bank's new payment system. This system mainly targets the small enterprises and their consumers.
16th June 2016