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.
Cashless transactions have become the new norm these days with multiple payment platforms allowing individuals to make payments through mobile applications, smart watches, QR codes, etc. The cashless landscape has seen significant expansion over the last few years owing to massive advancement in technology and new innovation techniques has only benefited the cause even more.
Payment through QR Code: The QR Code payment involves scanning barcodes (date) onto a smartphone. The code is associated with the seller’s/customer’s (whichever is relevant) credentials, allowing for payments to be done almost instantly.
Contactless Mobile Payments: Payment through mobile apps including Samsung Pay, Android Pay and Apple Pay have also contributed to revolutionising the cashless landscape and bringing in far more efficiency in the financial system. These payment platforms use Near Field Communication technology to accept and receive payments and don’t require an internet connection. This greatly reduces potential risk of hacking and breach of information (as NFC doesn’t require the internet).
Wearable Devices: Wearable devices are also gaining widespread recognition – Smart Watches are one such example. DBS launched the Smart Buddy Programme in about 19 schools in Singapore. Under the programme, students received a smart watch capable of performing smart, contactless transactions.
P2P Services: Although not very popular yet, P2P services have also gained god distance in influencing the contactless landscape. In a P2P platform, two individuals can directly enter into an agreement and payments can be sent or received.
25th September 2017
• Starting from 1 August 2017, DBS Woman’s Cards’ Comfort & CityCab Priority Bookings Programme will be discontinued. However, cardholders will continue earning up to 10X DBS Points on Comfort (payment made with Masterpass), Uber and Grab rides.
• Starting from 2 July 2017, DBS Points will not be awarded on DBS Takashimaya Credit Cards for purchases made at Takashimaya Square, B2 and Takashimaya Department Store. These purchases will only earn Takashimaya Bonus Points. However, select non-Takashimaya purchases on the credit cards will continue earning DBS Points.
• Starting from 2 July 2017, Smiles Points will not be awarded on certain transactions including non-fuel spends at Esso service stations, balance transfer, cash withdrawals, interest charges, etc. Starting from 1 May 2017, spends on DBS Esso Card will not earn DBS Points.
• Starting from 2 July 2017, SAFRA$ cash rebate will not be awarded for certain transactions including utility bill payments, payments made to insurance companies, non-profit organisations, financial institutions, hospitals, payments made through AXS, SAM, eNets transactions, etc.
• Starting from 1 May 2017, bonus DBS points will not be awarded on DBS Woman’s Cards’ for payments made through iPaymy and CardUp.
• Starting from 14 February 2017, the DBS CapitaCard has been renamed to the DBS Visa Platinum Card.
31st July 2017
DBS has established a financial planning centre which offers customers advisory services free of cost at Tanjong Pagar NAV Hub. “NAV - Your Financial GPS” is the name that DBS has given to this initiative.
The centre does not deal with the sale of any of the bank’s products or services, but offers customised financial planning to customers. The sessions are offered by DBS/POSB staff members.
Furthermore, the bank is also conducting financial planning classes every month preceded by experts from the industry which is open to the public to attend. Customers can also visit the bank’s online portal for useful tips.
The initiative is a result of a survey that was conducted by the bank which yielded the outcome that over half of Singapore’s young crowd do not know how to or do not plan their finances. The survey also showed that 60% of customers between the ages of 20 years and 35 years having below 2 years’ of work experience wanted to achieve their goals through managing their money better.
18th July 2017
Banks in Singapore are resorting to chatbots to save time on frequently asked questions and repetitive or redundant queries by customers. DBS Bank’s chatbot, dVA (digital Virtual Assistant), is run through POSB and is available on the banks’ Facebook page.
dVa helps customers with queries about the bank’s services and products, as well as to locate the nearest ATMs and operating hours of branches. Jeremy Soo, head of consumer banking group of DBS Bank, said, “We know that our customers are spending time conversing on their favourite mobile messaging apps, and we are immersing ourselves in the customer journey by making it easier and more convenient for them to engage us. Customers can also soon look forward to conducting their banking transactions via this service.” DBS has a customer base of over 5 million currently.
OCBC also launched two bots – Emma for home loans and Buddy for internal HR queries. Chatbots are likely to save banks over S$8 billion every year by 2022, according to Juniper Network.
18th July 2017
With higher business costs weighing margins down, Singaporean banks are making changes to their fees and charges.
DBS on May 1 increased the late payment charges for its credit cards from S$80 to S$100. If your outstanding balance is more than S$50, the new charges become applicable.
DBS also raised the annual fees for the POSB Everyday Card to S$192.60 from S$128.40 for the primary card and to S$96.30 for the supplementary cards from S$64.20.
The hike in late payment fees by DBS has been imitated by OCBC and UOB banks as well. According to ValuePenguin analyst Duckju Kang, banks usually spread out their fee changes as per fluctuations of Singapore Interbank Offered Rate (SIBOR) and other economic conditions. Chief Executive of MoneySmart Vinod Nair said the banks could be trying to offset the spike in their business costs through this change.
18th July 2017
DBS Bank of Singapore said that the BANGKO Sentral ng Pilipinas might start to alter its stance in the month of August to combat the weakening of the Peso with an increase in rates by up to 25 basis-points.
According to DBS, on the basis of a nominal effective exchange rate, the Peso had seen a year to date (May 17) depreciation of 6.7%. Its depreciation puts it as one of the worst performers in Asia. DBS also said that the current account balance also saw a deficit and while they are not overly concerned with it, they feel that the gap will widen assuming that investments see a strong growth. The current account balance deficit is likely to have a negative impact on the Peso.
DBS also said inflation is trending upwards and will average at about 3% as compared to the previous year’s 1.9%.
28th June 2017
Singapore’s largest bank, DBS, has been named the most valuable brand in the Island for the fifth consecutive year. According to the report by Brand Finance that features the Top 100 most valuable Singapore brands, DBS, with a combined brand value of 5.4 billion USD, retained the top spot ahead of several other leading brands in Singapore.
Brand Finance, a highly reputed consultancy based out of London, went n to point out that the difference in net worth between DBS and the second most valuable brand is a whopping i.8 billion USD, adding that it will be difficult for any brand to outperform DBS. This makes it quite clear that DBS is here to stay at the top of the rankings.
DBS recently completed its acquisition of ANZ earlier this year to cement its position as the most valuable brand.
28th June 2017
At a time when cashless payments are becoming the norm, several banks have started to launch innovative payment services to make things much more easier for consumers.
Several top Singaporean banks, including DBS, Singapore’s largest bank, have integrated their mobile wallets with QR Code payment systems at specific merchants. The QR code payment system is way more easy to use, both by consumers and merchants.
DBS became the first Singaporean banks to incorporate this service. Several other top banks that haven’t integrated this service are already contemplating doing so. OCBC is another top bank that has set this system in motion. Also, several numerous hawker centres have evinced interest in the QR enabled DBS PayLah.
This comes as quite a development to the MAS’s (Monetary Authority of Singapore) vision of making Singapore a Smart Financial Centre.
28th June 2017
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