Why Trust MoneySmart?There is currently only one DBS credit card that has no annual fee—the SAFRA DBS Card. The and this benefit is tied to fulfilling a simple membership condition. The card itself isn’t universally fee-free, but rather waives the annual fee as long as you maintain the specified membership status This makes it a genuinely low-cost option for eligible Singaporeans.
SAFRA DBS Card
The annual fee for the SAFRA DBS Card is waived permanently as long as you remain an active SAFRA member. This waiver covers both principal and supplementary cards.
When you apply for the SAFRA DBS Card, you will be required to join or already hold SAFRA membership. Note that a SAFRA membership comes with its own annual fee.
If you’re already a SAFRA member, the SAFRA DBS Card is your best no-annual-fee option within the DBS range.
Other DBS credit cards with waivers:
DBS Live Fresh Student Card
With no annual fee for the first 5 years, this card is targeted at tertiary students and applicants aged 21–27.
DBS Altitude American Express Card
This card comes with a first-year annual fee waiver, with the annual fee applying from the second year onwards.
Fee waiver requests via DBS digibot
Many other DBS cards allow annual fee waivers—subject to bank approval—through the DBS digibot or customer service. However, these waivers are not guaranteed every year and require you to initiate the request.
