DBS Fuel Credit Cards

    DBS is one of the prime banks of the region offering all sort of financial products and services to Singaporeans. The bank offers wide range of DBS Credit Cards, including cards for specific purposes such as air miles credit cards, shopping cards, student’s cards, etc.

    Fuel or Petrol credit cards lets you save big on your fuel purchases. Some of these cards are structured to offer discounts at specific fuel stations in Singapore. DBS’s Esso Card is one of the best fuel credit cards in Singapore. Let’s look at why this is so.

    Features and Benefits of DBS Fuel Credit Cards

    DBS Esso Credit Card

    A popular fuel credit card offered by DBS to Singaporean citizens, Permanent Residents and foreigners is the DBS Esso Credit Card. Let’s take a look at notable features and benefits that make this card a complete fuel credit card. If you think you’re spending too much on fuel, this card is a must-have!

    • The DBS Esso Card lets you enjoy savings of up to 23.6% at Esso fuel stations across Singapore.
    • Other expenditure incurred on your credit card will let you earn Smiles Points, which can be redeemed for a range of petrol benefits and offers. The earn rate is 1 Smiles Points for every S$10 spent.
    • Every litre of Synergy fuel purchased from an Esso Station in Singapore will earn you 1 Smiles points.
    • You also get up to 35% bonus points if you purchase 250 litres of Synergy fuel in a calendar year.
    • Other benefits include instalment options, balance transfers and auto charging of bills.

    Interest Rates on DBS Fuel Cards

    The annual rate of interest on DBS Fuel Cards is 25.9% p.a. The interest is charged on a compounding basis every month on your outstanding balance. You are required to make a minimum monthly payment of 3% of your outstanding balance by the due date.

    The interest on cash advances is 28%. Also, a cash advance handling fee of 6% of the amount withdrawn will be levied. Cash advances attract a daily, compounding interest rate until the entire amount is repaid in full.

    Fees on DBS Fuel Credit Card

    Particulars Fees and Charges
    Annual fees for DBS Esso Credit Card

      • Principal card – S$85.60

      • Supplementary card – S$42.80

    Interest rate 25.9% p.a.
    Cash advance charge 6% of the withdrawn amount or S$15, depending on whichever of the two is higher.
    Interest on cash advance 28% p.a. levied at a compounding rate of interest
    Late payment fee
    • No charge for an outstanding balance less than S$50
    • S$100 for an outstanding balance of S$50.01 and more
    Lost or stolen credit card liability Maximum liability charge of S$100

    How to apply for DBS Fuel Credit Cards

    If you wish to apply for a DBS Fuel Credit Card, all you need to do is visit the official DBS Singapore website and fill out the online application form. You need to enter your details – identity details, income details, residential details etc. in the fields provided.

    You will also be required to submit your supporting documents that include your proof of identity, income residence, etc. Once done, a representative from DBS’s credit team will get in touch with you and clarify details provided by you in the application form. Your application will then be processed and reviewed.

    While reviewing your application, banks will look at aspects including your employment history, history of credit, existing debt and your overall credit score. If your application meets the credit norms of the bank, it will subsequently be approved. Note that once your application is approved, your credit card will reach you in about 7 business days.

    Eligibility Criteria for DBS Fuel Credit Card

    In order to apply for these DBS grocery Credit Cards, the following eligibility parameters need to be met:

    • Minimum age: 21 years of age
    • Minimum income:
      • Singaporeans & permanent residents: S$30,000 p.a.
      • Foreigners: S$45,000 p.a.

    Documents required

    • Salaried individuals:
      • Copy of NRIC, Latest computerised payslips, CPF statement.
    • Self-employed individuals and individuals with varied income:
      • Copy of your NRIC, CPF Statement obtained using your SingPass ID, latest Computerised Payslips.
    • Foreigners:
      • Copy of Passport, Proof of employment from employer, Employment Pass, Latest Computerised payslips.

    How to Cancel a DBS Fuel Credit Card

    If you wish to cancel a DBS Fuel Card, simply write to DBS with a request to cancel the card. Also provide your card number and signature along with the request. The letter needs to be sent to “DBS Cards, Orchard Road, P.O. Box 360, Singapore 912312”. Once you’ve done this, you need to cut the primary and supplementary cards into half, in order to prevent misuse. You also need to pay off your outstanding bills on the card.

    Alternatively, you can also cancel your card online using DBS’s digital banking service. You must use the last 4 digits of your card and it’s PIN.

    In case you need to cancel the card because you lost or misplaced it, then you can call the DBS hotline on 1800 111 1111 and report the loss. The bank will block your card and send you a new one.

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