Compare the Latest DBS Credit Card Promotions in Singapore 2019

Updated June 2019

Find the latest DBS credit card promotions in Singapore. Get free luggage, cash rebates, bonus miles and other attractive gifts when you sign up for these credit cards.

Popular DBS Promo Credit Cards

DBS Live Fresh Card

Up to 5%

Cash Back on Online Spend & Contactless Payments

S$60

Cash Back Cap

S$600

Min. Spend per month

  • Enjoy up to S$120 cashback

Up to 5%

Cash Back on Online Spend & Contactless Payments

S$60

Cash Back Cap

S$600

Min. Spend per month

Promo Features

  • Get S$120 cashback when you apply for DBS Live Fresh Credit Card with min. $800 spend within first 2 months from card approval date; valid for new DBS/POSB cardmember. Existing cardmembers get S$40 cashback; valid from 1 Mar - 30 June 2019
  • Stand to win a limited edition Leica Sofort with every S$50 spend; Valid from 1 April - 30 June 2019
  • Each S$50 spent gets one chance in the lucky draw; up to 50 winners

Annual Interest Rate and Fees

Annual Interest Rate26.80%
Principle Annual Fee$128
Supplementary Annual Fee64.2
Fee WaiverAvailable
Minimum Monthly Repayment3% or S$50, whichever is higher
Interest Free Period20 days

Minimum Income Requirements

Singaporean$30,000
Foreigner$45,000

Other

Card AssociationVisa
Wireless PaymentVisa payWave, Apple Pay, Samsung Pay, Google Pay
DBS Altitude Visa Signature Card

S$1 = 1.2 Miles

Local Spend

S$1 = 2 Miles

Overseas Spend

S$1 = 10 Miles

Hotel transactions at Kaligo

  • Get up to 38,000 Miles

S$1 = 1.2 Miles

Local Spend

S$1 = 2 Miles

Overseas Spend

S$1 = 10 Miles

Hotel transactions at Kaligo

Promo Features

  • Charge a minimum of S$25,000 to your DBS Altitude Card each year to receive 10,000 bonus miles and annual fee waiver for the following year
  • Otherwise, get 10,000 bonus miles when you pay the annual fee of S$192.60 (including GST) to renew your membership

Annual Interest Rate and Fees

Annual Interest Rate26.80%
Principle Annual Fee$193
Supplementary Annual Fee96.3
Fee WaiverAvailable
Minimum Monthly Repayment3% or S$50, whichever is higher
Interest Free Period20 days

Minimum Income Requirements

Singaporean$30,000
Foreigner$45,000

Other

Card AssociationVisa, American Express
Wireless PaymentVisa payWave, Apple Pay, Samsung Pay, Google Pay
DBS Esso Card

21.2%

Discount on Fuel Purchases at Esso

18%

Instant Discount at Esso

1 Point

per S$1 spent at all Other Petrol Stations

21.2%

Discount on Fuel Purchases at Esso

18%

Instant Discount at Esso

1 Point

per S$1 spent at all Other Petrol Stations

Promo Features

  • Up to 21.2% fuel savings (18% instant fuel savings + S$7 Additional Savings)
  • 1 Litre of Synergy fuel = 1 Smiles Point
  • S$10 of Synergy fuel redeemable for 300 Smiles Points OR S$30 of Synergy fuel redeemable for 750 Smiles Points

Annual Interest Rate and Fees

Annual Interest Rate26.80%
Principle Annual Fee$193
Supplementary Annual Fee96.30
Fee WaiverAvailable
Minimum Monthly Repayment3% or S$50, whichever is higher
Interest Free Period20 days

Minimum Income Requirements

Singaporean$30,000
Foreigner$45,000

Other

Card AssociationMasterCard
Wireless PaymentMasterCard PayPass, Apple Pay, Samsung Pay, Google Pay
All results loaded

What Are Credit Card Promotions?

We all have that one relative or friend who swears by credit card sign-up promotions. Every time you see them, they seem to have a new piece of Samsonite luggage for their collection or a wad of Takashimaya vouchers to blow.

Unlike with rewards or miles credit cards, such introductory promotions typically do not require you to accumulate and redeem points. Instead, banks offer attractive sign-up gifts like branded luggage to entice new customers. The credit card itself can be any sort of card.

Types of Credit Card Promotions

Here are 3 common types of promotions offered by credit cards in Singapore:

Free Gifts

Promotional freebies that await when you sign up for a credit card. Apart from that perennial favourite – free luggage – there are also variations such as free mobile data and free petrol. Some credit cards also offer the chance to win bigger-ticket prizes such as package holidays or limited edition branded goods.

Welcome Miles/points

Miles credit cards or rewards credit cards will sometimes sweeten the deal for newcomers with a big bunch of points in the first few months of card usage. These often come with substantial minimum spends.

Cashback Promotions

Some cashback credit cards offer a big cash rebate, e.g. $100 cashback, upon successful application or the first spend on that card. Check if there is a minimum spend or any other catch before you jump at the chance to get free money.

More From TheMoneySmart Blog

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

Frequently Asked Questions

What kind of credit card promotion is best?

The ideal credit card promotion is one that merely sweetens the deal on a credit card that is already a good fit for your lifestyle and spending habits – the icing on the cake. Also, make sure you actually need the freebie on offer. If your storeroom is already bursting with 27 other American Tourister bags, maybe skip the free luggage promo this time.

How do I stay on top of new credit card promotions?

By following MoneySmart, of course! Bookmark this page for the latest promotions and keep up with our blog as we’ll feature noteworthy credit card news as it happens.

Is there a drawback to signing up for too many credit cards?

It can be tempting to sign up for many credit cards just for the introductory freebies, but having too many cards can have unintended consequences. For one thing, if you cannot keep track of your credit cards, you are more susceptible to credit card fraud. Applying for too many credit cards or having unused credit cards lying around also does not help your credit score should you wish to take out a loan in the future.