Credit Cards

Best POSB & DBS Credit Cards in Singapore – Credit Card Reviews 2019

Best DBS/POSB Credit Cards Review

Clara Lim

0 Comments

Even though our beloved DBS is the most popular savings bank in Singapore, up until a few years ago you would not have associated them with good credit cards. 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:

 

Best POSB & DBS credit cards in Singapore 2019

Here’s a quick look at 6 major POSB & DBS credit cards in Singapore, and what they’re best for:

POSB / DBS credit card Key benefits
DBS Live Fresh Card 5% cashback online & contactless payment
POSB Everyday Card Cashback at Sheng Siong, Watsons & SPC with no min. spend
DBS Altitude Card $1 = 1.2 miles (local) / 2 miles (overseas) / 3 or more miles (online travel bookings)
DBS Woman’s Card $1 = 2 miles on online spending
DBS Black Card $1 = 1.2 miles on contactless payment
DBS Esso Card 18% upfront discount at Esso

 

DBS Live Fresh Card – 5% cashback for online & offline spending

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

    Clearly targeted at millennials with its snazzy card design, the DBS Live Fresh Card offers an all-rounded 5% cash rebate on both online and offline purchases. Not only can you use it on the ASOS sale and on Grab rides, you can also swipe it at Koi, McDonald’s, and whatever other merchants accept Visa PayWave.

    But be aware of the minimum spend as well as the $20/$20/$20 split caps which are quite a pain in the ass to manage. They prohibit you from spending too much in any one category.

    Clubbers should sign up for this credit card as it gives you free entry to Zouk and discounted drinks at Zouk/Redtail/Capital.

    Promo alert: If you don’t have this card yet, now (until 28 Feb 2019) is a great time to sign up because DBS is offering 10% cashback instead of 5% for the first 2 months. Cashback is also capped at $100 instead of $60. Plus, if this is your first DBS/POSB credit card, you get a bonus $50 cashback.

    See the full review of the DBS Live Fresh Card here.

    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 $20 (online spend) + $20 (contactless payment) + $20 (all other spend)
    • Free entry to Zouk before 12am + drink discounts

    Essential info:

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

     

    POSB Everyday Card – 5% cashback at Sheng Siong with no min. spend

    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, the POSB Everyday Card is an underrated card that can help out with the expenses. 

      My favourite thing about it is that there’s no minimum spending requirement, and some of the cash rebates don’t even have caps.

      See the full review of the POSB Everyday Card for more details.

      Key features:

      • 5% cashback at Sheng Siong
      • 3% cashback at Watsons (3%)
      • 1% cashback for electricity and telco (Starhub) bills
      • Up to 20.1% savings at SPC
      • No minimum spend

      Essential info:

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

       

      DBS Altitude Card – $1 = 3 miles for online travel bookings

      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, first year annual fee waiver and miles that don’t expire, the DBS Altitude Card is one of the best “starter” air miles card for fresh grads dreaming of their next trip, but need to stick to a budget.

        In general, the base accrual rate for local ($1 = 1.2 miles) and overseas spending (2 miles) isn’t fantastic… but if you’re a budget traveller, you can take advantage of the better earn rates for online travel bookings.

        For each dollar spent on accommodation and flights online, you earn a much better 3 miles. If you book on Expedia or Kaligo, the earn rate is even better: $1 = 6 and 10 miles respectively.

        Read the full review of the DBS Altitude Card here.

        Key features:

        • Earn 1.2 miles per $1 spent locally
        • Earn 2 miles per $1 spent overseas
        • Earn 3 miles per $1 spent online on flights, hotels, Airbnb etc. (up to $5,000 a month )
        • Earn miles fastest if you book on Kaligo ($1 = 10 miles) and Expedia ($1 = 6 miles)
        • Free Priority Pass airport lounge access (2 visits per year)
        • No minimum spend
        • Miles don’t expire

        Essential info:

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

         

        DBS Woman’s Card – $1 = 2 miles for online spending

        DBS Woman's Card

        DBS Woman's Card


        Card Benefits

          • Earn 5X Rewards (5 DBS Points OR 10 miles per S$5 spend) when shopping online
          • 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 the type who buys everything online, the DBS Woman’s Card is a viable alternative for earning miles with your local spending (or you can always exchange the rewards points for anything you fancy). There’s no minimum spending requirement which is nice too.

          Don’t be put off by the name – men can sign up for it too.

          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)

          Note: There’s an “upsized” version of the card if you’re earning at least $80,000 a year, called the DBS Woman’s World Card. It gives you basically double the rewards points and expenditure cap.

          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

             

            DBS Black Card – rewards card for offline spending

            DBS Black Visa Card

            DBS Black Visa Card


            Card Benefits

              • 3X DBS Points per S$5 spent on all local Visa payWave purchases
              • 1X DBS Point per S$5 spent on all other purchases

              If you prefer offline shopping, you’re probably better off with the DBS Black Card, a rewards card that lets you earn 3X rewards ($1 = 1.2 miles) on local contactless payment. That means Visa payWave and mobile payments, which are accepted by many major retailers, supermarkets and restaurants these days.

              Although this isn’t as impressive as DBS Live Fresh’s 5% cashback on contactless payments, there’s no minimum spend and no cap on this credit card, making it quite a good, low-hassle alternative for general spending.

              Read our full review of the DBS Black Card here.

              Key features:

              • 3X rewards ($1 = 1.2 miles) on contactless payments
              • No minimum spend, no cap

              Essential info:

              • Minimum income: $30,000 (Singaporean) / $45,000 (foreigner)
              • Annual fee: $193 (waived for first year)

               

              DBS Esso Card – 18% instant petrol discount 

              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 of 18% – no need to game the system for maximum rebates. There’s also no minimum spend and no cashback cap. 

                If you really want to maximise your discounts, though, you can always check the DBS Esso Card page for the latest promotions. Typically it’s a bonus rebate that is awarded if you hit the minimum spend for X months consecutively.

                Read our post if you want to find 0ut which are the best petrol credit cards in Singapore.

                Key features:

                • Generous upfront petrol discount of 18% at Esso
                • No minimum spend or cashback cap

                Essential info:

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

                 

                Other DBS credit cards in Singapore

                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!

                 

                Related articles

                The Best Cashback Credit Cards in Singapore

                The Best Air Miles Credit Cards in Singapore 

                The Best Credit Cards in Singapore for Online Shopping

                Subscribe to get weekly updates on personal finance

                Tags:

                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.