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Best POSB / DBS Credit Cards in Singapore – Credit Card Reviews 2018

dbs credit cards singapore 2018

Clara Lim

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Even though our beloved DBS / POSB is the most popular savings bank in Singapore, up until a few years ago you would not have associated them with good credit cards. Back then, nobody ever flaunted their DBS credit cards the way rich and successful people did their Amex or Citibank plastic.

But DBS has since caught up. They’ve revamped some DBS credit cards to be much more attractive than before, and pumped in a lot of marketing dollars around them to boot. Check out the best DBS & POSB credit cards below:

 

POSB and DBS credit cards

Credit card Benefits Things to note
DBS Live Fresh Card 5% cashback on online spend, contactless payment Min. spend $600

Cashback cap $60

POSB Everyday Card Up to 20.1% savings at SPC

5% cashback at Sheng Siong

3% cashback at Watsons

1% cashback on SP Group, Starhub bills

10% cashback on online food delivery (expires 30 Sep 2018)

5% cashback on dining and entertainment (expires 30 Sep 2018)

No min. spend

Caps for each category apply

DBS Esso Card 17% upfront discount at Esso

Additional quarterly rebate for fulfilling min. spend x 3 months

DBS Altitude Visa Signature $1 = 1.2 miles (local)

$1 = 2 miles (overseas)

$1 = 3 miles (online travel spend)

$1 = 6 miles (Expedia, expires 31 Mar 2018)

$1 = 10 miles (Kaligo, expires 31 Dec 2018)

Expenditure cap $5,000 for online travel spend

Long lead time for Expedia and Kaligo bonus points

DBS Woman’s World Card 10X rewards ($1 = 4 miles) on online spend

3X rewards ($1 = 1.2 miles) on overseas spend

Min. income $80,000 p.a.

Expenditure cap $2,000

DBS Woman’s Card 5X rewards ($1 = 2 miles) on online spend Expenditure cap $1,000

 

DBS cashback credit card for online shopping: DBS Live Fresh Card

DBS Live Fresh Card

DBS Live Fresh Card


Card Benefits

    • 5% cashback when you shop online
    • Additional 5% cashback for the first 6 months with S$600/month min. spend; Cashback cap at S$60/month
    • Sign up within 8 Jan - 31 Mar 2018

    The DBS Live Fresh Card was a hit when it was relaunched last year with a 5% + 5% cashback promotion on online and contactless payments. However, since the bonus rebate has ceased (it ended in Mar 2018), the basic rebate is back to being 5%. Still, it’s not bad if you just want a DBS cashback credit card for online shopping.

    Key features:

    • Get 5% on online spending & offline contactless payment
    • Online spending includes online shopping, travel bookings, food delivery, movie tickets, etc.
    • Minimum spend $600 a month
    • Cashback cap of $60 a month

    Essential info:

    • Minimum income: $30,000 (Singaporean & PR) / $45,000 (foreigner)
    • Annual fee: $128.40 (waived for first year)

     

    Also consider: CIMB Visa Signature card

     

    POSB cashback credit card for daily expenses: POSB Everyday Card

    POSB Everyday Card

    POSB Everyday Card


    Card Benefits

      • Up to 20.1% cash rebate at SPC
      • 5% cash rebate at Sheng Siong. S$50 cash rebate cap per calendar month.
      • 3% cash rebate at Watsons, and local medical spend (dental, clinic, hospital)
      • 1% cash rebate on recurring utilities bills from SP Group and recurring StarHub mobile/digital cable/broadband bills and ins-tore purchases
      • Get 0.3% on everything else
      • No minimum spend required

      If the task of paying for your household’s groceries, petrol, utilities and telco bills fall to you, this is an underrated card that can help out with the expenses.

      The SPC petrol discount is extra worth it – you get 5% off, plus 10% if you have the SPCU card, when your bill comes, you get another 6% rebate on the final charge. The utilities one, however, is a bit disappointing. The cash rebates (1%) for SP Group and StarHub is capped at… $1. 

      Key features:

      • Savings at SPC (up to 20.1%), Sheng Siong (5%) and Watsons (3%)
      • Rare card with cashback for utilities (SP Group) and telco (Starhub) bills
      • No minimum spend
      • Bonus rebate until 30 Sep 2018: 10% cash rebates on online food delivery and 5% cash rebates on dining and entertainment, capped at $50 and subject to a $800 minimum spend.

      Essential info:

      • Minimum income: $30,000 (Singaporean & PR) / $45,000 (foreigner)
      • Annual fee: $192.60 (waived for first year)

       

      Also consider: HSBC Visa Platinum Credit Card, BOC Family Card

       

      DBS petrol credit card with 17% instant discount: DBS Esso Card

      DBS Esso Card

      DBS Esso Card


      Card Benefits

        • Up to 21.6% (instant 17% + S$30) fuel savings with a min. spend of S$180nett/month for Jan, Feb, Mar 2018
        • 17% instant discount at Esso (5% site discount + 5% Smiles card discount + 7% card discount)
        • Free fuel when you convert your shopping, dining and other card spend into Smiles Points
        • S$10 charged outside of Esso = 1 Smiles Point
        • S$30 fuel voucher = 750 Smiles Points

        The DBS Esso Card doesn’t give you the absolute highest savings in Singapore, but it makes a great petrol credit card for lazy people (like me). You get instant savings – no need to game the system for maximum rebates. There’s also no minimum spend and no cashback cap. 

        Key features:

        • Generous upfront petrol discount of 17% at Esso
        • No minimum spend or cashback cap
        • Bonus quarterly rebate if you hit a minimum spend 3 months consecutively (promotion varies every quarter, check website for latest) 
        • Bonus rebate for April, May and June 2018: Instant 17% + S$30 fuel savings with a min. spend of S$180 nett/month

        Essential info:

        • Minimum income: $30,000 (Singaporean & PR) / $45,000 (foreigner)
        • Annual fee: $85.60 (waived for first year)

         

        Also consider: Citi Cash Back Card

         

        DBS entry-level air miles credit card: DBS Altitude Visa Signature

        DBS Altitude Visa Signature Card

        DBS Altitude Visa Signature Card


        Card Benefits

          • S$1 = 1.2 miles (Local spend)
          • S$1 = 2 miles (Overseas spend)
          • S$1 = 3 miles (Online flight & Hotel transactions)
          • 6 miles/S$1 spend at Expedia; 10 miles/S$1 spend at Kaligo
          • Get 10,000 Bonus Miles when you renew your annual membership
          • Enjoy 2 Complimentary Global Airport Lounge Access visits and get up to S$1 million travel accident insurance coverage for you and your family members

          With its low entry point ($30,000 p.a. salary) and first year annual fee waiver, the DBS Altitude is probably the best first air miles card for fresh grads dreaming of their next trip, but need to stick to a budget. 

          In general, the base accrual rate is 1.2 miles for $1 (which isn’t fantastic), but it’s bumped up for travel-related spends. For each dollar spent on hotels and flights, you can earn 3 miles. For overseas spend (foreign currency), it’s 2 miles per dollar.

          Key features:

          • Earn miles fastest if you book on Kaligo ($1 = 10 miles until 31 Dec 2018) and Expedia ($1 = 6 miles until 31 Mar 2018)
          • Or shop around for a cheaper deal. You’ll still get $1 = 3 miles when you spend online on flights, hotels, Airbnb etc. (up to $5,000 a month only)
          • Note that base earn rates are not the best
          • Bonus points for Kaligo and Expedia promos are awarded quarterly and only come in 2 months after the end of the quarter (i.e. 2 – 5 months’ wait for your points to be credited)
          • Free Priority Pass airport lounge access (2 visits per year)
          • No minimum spend

          Essential info:

          • Minimum income: $30,000 (Singaporean & PR) / $45,000 (foreigner)
          • Annual fee: $192.60 (waived for first year)

           

          Also consider: American Express KrisFlyer Credit Card

           

          DBS rewards credit card for high earners: DBS Woman’s World Card

          DBS Woman's World Card

          DBS Woman's World Card


          Card Benefits

            • Earn 10X Rewards (10 DBS Points OR 20 miles per S$5 spend) when shopping online
            • Earn 3X Rewards (3 DBS Points OR 6 miles per S$5 spend) when shopping overseas
            • Enjoy 0% interest over 3, 6 or 12 months and waived processing fee with My Preferred Payment Plan
            • Enjoy exclusive shopping privileges with DBS Lifestyle App

            If you’re earning enough to qualify, the DBS Woman’s World Card is one of the best credit cards in Singapore for earning air miles (or other rewards). It couples a high earn rate with a very wide range of online spending categories, so you can rack up miles in no time. Fun fact: men can sign up as well.

            Key features:

            • 10X rewards ($1 = 4 miles) on online spending (capped at $2,000 a month)
            • Includes online shopping, travel bookings, food delivery, movie tickets, groceries, etc.
            • 3X rewards ($1 = 1.2 miles) on overseas spending
            • No minimum spend

            Essential info:

            • Minimum income: $80,000
            • Annual fee: $192.60 (waived for first year)

             

            Also consider: UOB Preferred Platinum Visa Card

             

            DBS rewards credit card for online shopping: DBS Woman’s Card

            For the rest of us, there’s the more accessible DBS Woman’s Card which has the usual $30,000 p.a. income requirement. However, it gives you only half the points of the DBS Woman’s World Card.

            Key features:

            • 5X rewards ($1 = 2 miles) on online spending (capped at $1,000 a month)
            • Includes online shopping, travel bookings, food delivery, movie tickets, groceries, etc.
            • No minimum spend

            Essential info:

            • Minimum income: $30,000 (Singaporean) / $45,000 (foreigner)
            • Annual fee: $160.50 (waived for first year)

             

            Also consider: HSBC Revolution Credit Card

             

            Other DBS credit cards

            • DBS Black Card: 3X DBS rewards points for local Visa payWave purchases
            • DBS Takashimaya Card: spend at Takashimaya to earn Takashimaya vouchers
            • DBS NUS Alumni & NUSS Cards: for NUS alumni only
            • SAFRA DBS Card: for SAFRA members only
            • DBS Live Fresh Student Card: for students only

             

            Do you use DBS or POSB credit cards? Tell us why or why not in the comments!

            Keep updated with all the news!

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            Clara Lim

            I used to be MoneyDumb. I hung out at H&M every day and thought that a $50 lunch set was a good deal. These days, I spend my time researching the crap out of life and trying to maximise utility on micro-decisions. I'm not sure if that's an improvement.