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.
Existing DBS Visa Credit Card holders now have the opportunity to win a trip for two to watch the finals of the 2018 FIFA World Cup in Russia. To be eligible for this lucky draw, cardholders need to register on DBS’ website before 31 March 2018. The winner will be selected based on the total spends across all their DBS Visa Cards. Every spend of S$100 provides registered members with one chance to win.
DBS is looking to pick a total of three winners for the 5-day, 4-night stay in Moscow. While first prize winners get two tickets for the finals, second and third prize winners receive two tickets each for the semi-finals. Along with the tickets for the match, all three winners also get to enjoy free economy airfare, deluxe accommodation with daily breakfast, pre-match hospitality, a day tour of Moscow, exclusive gifts, and more.
Customers who own multiple DBS Visa credit cards need to register only one card and need to be 21 years old and above to be eligible for this promotional offer. The draw will be conducted on 13 April 2018 in the presence of external auditors.
The names of the winners will be published on the DBS website within seven days of the draw and they will be notified by post within 15 working days.
20 February 2018
In the latest promotion introduced by DBS/POSB, cardholders will get ang baos worth S$88 this Chinese New Year on a minimum spend of S$1,888 using the bank card. This offer is valid only till 4 March 2018.
31st January 2018
DBS and Xero have added a new feature to their API-based banking solution for easier invoicing to ensure that customers don’t have to enter transaction details separately to DBS internet banking and Xero, thereby cutting down more time.
30th January 2018
DBS is offering its customers the option of reserving their CNY notes online. The process of reservation is a five-step process and it can be done until 12 February 2018. The collection process starts from 31 January 2018 and will end on 14 February 2018.
30th January 2018
DBS expects to see an improvement in domestic earnings in Q417 due to better-than-expected GDP flash numbers. It has also predicted better returns on stocks under its coverage for 2018 and support levels for the service sector to sustain.
05th January 2018
Singapore police have warned the public of phishing attempts through false emails pretending to be from DBS Bank and Singapore Airlines. Victims are lured to give up their personal details and credit card information, using which illegal transactions are made.
21st Decemember 2017
DBS has announced special deals for the festive season on their DBS Lifestyle App. From dining to shopping, have a merry Christmas with DBS credit cards!
18th Decemember 2017
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