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

dbs credit card review

Clara Lim

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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. 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:

 

Best POSB / DBS credit cards in Singapore 2018

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

Best for Best POSB/DBS credit card Key benefits
Young working adults DBS Live Fresh Card 5% cashback online & contactless payment
Families POSB Everyday Card 5% cashback at Sheng Siong & 3% at Watsons
Drivers DBS Esso Card 17% upfront discount at Esso
Travel junkies DBS Altitude Card $1 = 3 miles on all online travel spending, $1 = 6 miles on Agoda, $1 = 10 miles on Kaligo
Online shoppers DBS Woman’s Card 5X rewards ($1 = 2 miles) on online spending
Offline shoppers DBS Black Card 3X rewards ($1 = 1.2 miles) on contactless payment

 

DBS Live Fresh Card – 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. As a bonus, there’s a $50/$100 cashback promotion if you sign up for this credit card.

    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
    • Promotion until 30 Sep 2018: Sign up and spend $600 in a month to get either $100 (if this is your first DBS credit card) or $50 (if you’re an existing cardmember) cashback

    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 Everyday Card – cashback on family expenses

    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 with no minimum spending requirement. The SPC petrol discount is extra worth it – you effectively save 20.1% and there’s no rebate cap!

      If you spend at least $800 a month on the card, you can also make use of some promotional rebates that POSB has at the moment. See the full review of the POSB Everyday Card here for more details.

      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 rebates until 30 Sep 2018: 10% 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 Esso Card – 17% 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 17% – no need to game the system for maximum rebates. There’s also no minimum spend and no cashback cap. 

        Look out also for a bonus quarterly rebate if you hit a minimum spend 3 months consecutively. The promotion varies every quarter so check the DBS Esso Card page for the latest.

        Key features:

        • Generous upfront petrol discount of 17% at Esso
        • No minimum spend or cashback cap
        • Bonus rebate for Jul to Aug 2018: $30 rebate min. spend $300 nett/month (on Esso Supreme+), or $10 rebate with min. spend $200 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 Altitude Card – miles card for travel junkies

        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 spending. 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 2019)
          • 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 Woman’s World Card – online shopping card for high earners

          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 $80,000 p.a., you qualify for the DBS Woman’s World Card, 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 Woman’s Card – rewards card for online shoppers

            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

              For the rest of us, there’s the more accessible DBS Woman’s Card which has the usual $30,000 p.a. income requirement. It’s very similar to the DBS Woman’s World Card, but gives you only half the points and has a smaller expenditure cap.

              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

               

              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

                Those who don’t spend much online are probably better off with the DBS Black Card, a rewards card that lets you earn 3X rewards (1.2 miles per $1) on local contactless payment (Visa payWave and mobile payments) purchases. Since PayWave is accepted almost everywhere these days, getting bonus points shouldn’t be an issue.

                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)

                 

                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

                DBS Black Visa Card – MoneySmart Review 2018

                DBS Live Fresh Card – MoneySmart Review 2018

                POSB Everyday Card – MoneySmart Review 2018

                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.