Compare the Best DBS Credit Cards in Singapore 2018

Updated August 2018

Looking for the best DBS credit card in Singapore? Compare and find your ideal card with MoneySmart’s easy-to-use credit card comparison tool.

DBS Live Fresh Card
DBS Live Fresh Card

Up to 5%

Cash Back on Online Spend & Contactless Payments

S$60

Cash Back Cap per month

S$600

Min. Spend per month

  • ZoukOut General Admission Tickets
  • ZoukOut VIP party experience worth S$10,000
  • +2 more

Other Promotions

  • Online Exclusive: up to S$100 cashback
  • Win a pair of SQ Suites return tickets to one of these 5 locations

Key Features

  • 5% cashback on online shopping and when you pay using Visa payWave, Apple Pay, Samsung Pay or Google Pay through your Card
  • Get 0.3% cashback on everything else with no cap on rebates
  • Auto EZ-Reload
  • 1-year annual fee waiver

Annual Rates

Principle Annual Fee
$128
Supplementary Annual Fee
64.2
Fee Waiver
1 year fee waiver
Annual Interest Rate
25.90%

Eligibility

Singaporean Minimum Income
$30,000
Non-Singaporean Minimum Income
$45,000
DBS Takashimaya American Express Card
DBS Takashimaya American Express Card

S$10 = 2 Taka Points

at Takashimaya Department Store & Takashimaya Square, B2

S$10 = 2 Taka Points

on All Other Spend at Selected Stores

S$30 Vouchers

converted from 100 Taka Points

Key Features

  • Additional 10% savings during selected sale events at Takashimaya Department Store
  • Get a $30 Takashimaya Voucher with 100 points (S$500 spend)
  • Receive S$3 top-up to CashCard with min. spend of S$120 at Takashimaya Department Store

Annual Rates

Principle Annual Fee
$193
Supplementary Annual Fee
96.3
Fee Waiver
1 year fee waiver, subsequent years waived with min. spend of $6,000 p.a.
Annual Interest Rate
25.90%

Eligibility

Singaporean Minimum Income
$30,000
Non-Singaporean Minimum Income
$45,000
DBS Altitude Visa Signature Card
DBS Altitude Visa Signature Card

S$1 = 1.2 Miles

Local Spend

S$1 = 2 Miles

Overseas Spend

S$1 = 3 Miles

Selected Online Hotel and Flight bookings

  • Win a pair of SQ Suites return tickets to one of these 5 locations

Key Features

  • Enjoy up to 3 miles/S$1 on all spend
  • Complimentary travel insurance coverage of up to S$1 million
  • 10,000 bonus miles upon paying annual membership fee; Miles never expire

Annual Rates

Principle Annual Fee
$193
Supplementary Annual Fee
96.3
Fee Waiver
1 year fee waiver
Annual Interest Rate
25.90%

Eligibility

Singaporean Minimum Income
$30,000
Non-Singaporean Minimum Income
$45,000
DBS Woman's Card
DBS Woman's Card

S$5 = 5X Points

on Online Spend

S$5 = 1X Point

on All Other Spend

1 Point = 3 Miles

Rewards to Miles Conversion

  • Win a pair of SQ Suites return tickets to one of these 5 locations

Key Features

  • Earn 5X Rewards ( 5 DBS Points OR 10 miles per S$5 spent) when shopping online
  • Earn 1X Rewards (1 DBS Point OR 2 miles per S$5 spend) on all other purchases
  • Shop now, pay later with 0% interest payment plans
  • Enjoy 15% off on medical packages at Global Health and Travel

Annual Rates

Principle Annual Fee
$161
Supplementary Annual Fee
80.25
Fee Waiver
1 year fee waiver, subsequent years waived with a minimum spend of S$15,000 p.a.
Annual Interest Rate
25.90%

Eligibility

Singaporean Minimum Income
$30,000
Non-Singaporean Minimum Income
$45,000
DBS Woman's World Card
DBS Woman's World Card

S$5 = 10X Points

on Online Spend

S$5 = 1X Points

on All Other Spend

1 Point = 3 Miles

Rewards to Miles Conversion

  • Win a pair of SQ Suites return tickets to one of these 5 locations

Key Features

  • Earn 10X Rewards (10X DBS Points OR 20 miles) for every S$5 spent online
  • Earn 3X Rewards (3X DBS Points OR 6 miles) for every S$5 spent overseas
  • Shop now, pay later with 0% interest payment plans over 3, 6 or 12 months

Annual Rates

Principle Annual Fee
$193
Supplementary Annual Fee
96.3
Fee Waiver
1 year fee waiver, subsequent years waived with min. spend of $25,000 p.a.
Annual Interest Rate
25.90%

Eligibility

Singaporean Minimum Income
$80,000
Non-Singaporean Minimum Income
$80,000
DBS Black Visa Card
DBS Black Visa Card

S$5 = 3X Points

on All Local Visa PayWave purchases

S$5 = 1X Points

on All Other Spend

1 Point = 3 Miles

Rewards to Miles Conversion

  • Win a pair of SQ Suites return tickets to one of these 5 locations

Key Features

  • 3X DBS Points per S$5 spent on all local Visa payWave purchases
  • 1X DBS Point per S$5 spent on all other purchases
  • Shop now, pay later with 0% interest payment plans

Annual Rates

Principle Annual Fee
$193
Supplementary Annual Fee
96.3
Fee Waiver
1 year fee waiver
Annual Interest Rate
25.90%

Eligibility

Singaporean Minimum Income
$30,000
Non-Singaporean Minimum Income
$45,000
DBS Esso Card
DBS Esso Card

27.6%

Discount on Fuel Purchases at Esso

17%

Instant Discount at Esso

1 Smiles Point

per 1 litre of Synergy fuel purchased at Esso

  • Online Exclusive: Up to S$120 Fuel Savings
  • Get up to 27.6% fuel savings

Key Features

  • Up to 27.6% fuel savings (17% instant discount + S$60 in Smiles Points* + 2.3% Smiles Savings^
  • *S$60 in Smiles Points with min. spend of S$600; ^2.3% Smiles Savings with purchase of 250L of Synergy fuel per calendar month
  • Free fuel when you convert your shopping, dining and all retail spend into Smiles Points
  • S$10 charged outside of Esso = 1 Smiles Point
  • S$30 fuel voucher = 750 Smiles Points
  • 0% interest-free Instalment Payment Plan for Motor Insurance and Road Tax

Annual Rates

Principle Annual Fee
$86
Supplementary Annual Fee
42.8
Fee Waiver
1 year fee waiver
Annual Interest Rate
25.90%

Eligibility

Singaporean Minimum Income
$30,000
Non-Singaporean Minimum Income
$45,000
DBS Live Fresh Visa Student Card
DBS Live Fresh Visa Student Card

0.3%

Cash Back on All Spend

S$500

Credit Limit per month

18

Min. Age Requirement

Key Features

  • 0.3% cashback on online shopping and contactless payments
  • Contactless payments: Visa payWave, Apple Pay, Samsung Pay, Google Pay
  • Enjoy 5-year annual fee waiver

Annual Rates

Principle Annual Fee
$128
Supplementary Annual Fee
N/A
Fee Waiver
5 years fee waiver
Annual Interest Rate
25.90%

Eligibility

Singaporean Minimum Income
$0
Non-Singaporean Minimum Income
$0
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The Best Credit Card for You? 3 Steps to Help You Decide

The best credit card for you depends on your lifestyle and regular spending habits. Here are 3 steps to help you decide which credit card is best for you.

Step 1

Find a card that fits your spending habits

Think about your current lifestyle and spending habits. What are the things you spend the most money on? For example, if you’re a real foodie and spend a lot on dining out, then it makes sense to get a card with double rewards points for eating out and useful perks like 1-for-1 deals at restaurants.

Step 2

Plan how to use your credit card benefits

Credit cards come with a whole plethora of benefits for cardholders. You’ll need to narrow things down by focusing on the benefits that you would actually use. Do you want to collect air miles and fund your upcoming travels? Or accumulate points for shopping vouchers? Or would you rather enjoy cash rebates? This is a deeply personal matter, so it’s worth considering how you like to be rewarded.

Step 3

Check the Terms & Conditions

Now that you’ve got a shortlist of credit cards, it’s time to dig deeper into the details of the rewards or air miles programmes. Find out all you can about terms and conditions like expiry dates, exclusions, minimum spend, credit limit, etc. Be sure to ask a bank rep to clarify if you don’t see answers anywhere.

Common Credit Card Fees

Annual fees aren’t the only type of credit card charges you might be paying. Many of these other common fees will impact the benefits you earn, so be mindful of them and actively monitor your spend.

Balance Transfer Fees

Charged when you move a balance from one card to another, usually 2-4% of the amount transferred.

Cash Advance Fees

Some credit cards allow you to withdraw cash from ATMs, using your credit line. Be prepared to fork out up to 6% of the transaction amount, plus 2%+ daily charges on unpaid withdrawn balance.

Foreign Transaction Fees

Charged for transactions processed outside of Singapore, whether while you’re travelling or making an online purchase. This is usually 2.5% to 3% on top of the prevailing foreign exchange rate.

Did you know?

Paying the Minimum Balance Can Be Very Costly

Because credit cards are effectively short-term loans, you are meant to pay off your bills in full every month. If you make only the minimum payment each month, you may accrue huge additional costs on top of your bill due to the credit card’s interest rate (typically 24%+)!

Your Credit Card Behaviour Affects Your Credit Score

If you plan to apply for any kind of credit or loan (such as a housing loan or car loan) in the future, be aware that any “bad behaviour” with your credit card can come back to haunt you in the form of a bad credit score.

More From The MoneySmart Blog

Check out our blog for more personal finance tips and insights.

Frequently Asked Questions

How do credit cards work?

A credit card is basically a way to borrow money from a bank to make purchases. Unlike a bank loan, a credit card “loans” money in smaller amounts and on a short-term basis, requiring you to pay the bank back monthly (or be subject to unpleasant penalties and interest fees). The biggest payment networks are MasterCard, VISA and American Express, but do note that merchants may not accept all types.

How do I apply for a credit card?

Simply fill out an application online or at a bank branch and submit the required documents such as proof of income. After approval, the bank will inform you about how much you are allowed to borrow and mail you your new credit card. You’ll need to activate the credit card as well as sign on the back.

What’s the difference between debit cards and credit cards?

Unlike credit cards, debit cards do not involve any borrowing. They are linked to your bank account, so purchases made on your debit card are paid for by deducting straight from your funds. You must have sufficient funds on hand to use your debit card. If you have a credit card, you can borrow the money for the time being and pay it back later.

How to prevent credit card fraud?

There’s no sure-fire way to prevent credit card fraud, so unfortunately holding a credit card also means being vigilant about making sure it doesn’t end up in the wrong hands. Make use of credit card alerts, monitor your transactions closely, be wary of phishing scams and don’t make it easy for others to get hold of your credit card information.

What should I do with my credit card statement?

It might not be the most fun thing to read, but it IS super important to understand your credit card statement. So don’t throw it away without checking it. Of course, after reading the statement you will have to pay your bill – typically through online banking, though some people use ATMs, SAMs, AXS machines or go to the bank in person.