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DBS Live Fresh Card – MoneySmart Review 2022

Singapore’s go-to bank DBS must really want to change up their mundane, workaday image — just look at the snazzy DBS Live Fresh Card. The cashback credit card has a graphic, illustrated card design and fuss-free mechanics to appeal to the millennial crowd.

Let’s see if the DBS Live Fresh Card has the substance to match its style.

• DBS Live Fresh Card: Summary
• DBS Live Fresh Card: Annual Fee, Minimum Income
• DBS Live Fresh Card Cashback Benefits
• DBS Live Fresh Card Minimum Spend
• DBS Live Fresh Card Exclusions
• How do I maximise my DBS Live Fresh Card?
• Should I get the DBS Live Fresh Card?
• DBS Live Fresh Card Privileges, Promotion
• DBS Live Fresh Card Sign-Up Promotion
• Alternatives to the DBS Live Fresh Card

1. DBS Live Fresh Card: Summary

The DBS Live Fresh Card is a basic cashback credit card, but it’s not one your parents will appreciate. There are absolutely no perks for necessities like grocery shopping, petrol or utilities.

100% targeted at millennials and Gen Z, the DBS Live Fresh Card offers up to 5% cash rebate on online and Visa contactless spend . Everything else earns a measly 0.3%.

Total monthly cashback is capped at $60; adding to that, the cap is further split into 3 categories: $20 for Online Spend, $20 for Visa Contactless Spend and $20 for all other spend.

There’s an additional 5% cashback (capped at $15 a month) for sustainable spending, if you can be bothered to game that. This category includes public transport, bike/car sharing and selected F&B and retail outlets.

DBS Live Fresh Card

Key features.

Score up to 6% cashback on your shopping sprees & daily commutes

Up to 6% cashback on Shopping & Transport Spend

0.3% unlimited cashback on All Spend

Enjoy first year annual fee waiver

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2. DBS Live Fresh Card: Annual Fee, Minimum Income

3. dbs live fresh card cashback benefits.

The DBS Live Fresh Card’s cashback benefits are pretty straightforward:

The online spend and Visa contactless payments categories are nothing new to most of us. The sustainable spend category, on the other hand, is one that many of us might be unfamiliar with. So let’s dive into a few merchants that qualify under the DBS Live Fresh Card’s sustainable spend category. This includes:

If you like to go grocery shopping at atas supermarkets and dine at expensive cafes, you can get an additional 5% cashback on the online spend category with the DBS Live Fresh Card. For the rest of us who stick to NTUC and the kopitiam, you can still benefit from the bonus cashback when you take public transport or use car sharing services .

Besides the sustainable spend category, the other bonus cashback categories – online spend and Visa contactless payments – give you 5% cashback. It’s not exactly anything to shout and scream about. The UOB Evol Card gives you 8% cashback in the same bonus categories.

On top of that, the 0.3% cashback on all other spend is basically negligible and not even really worth thinking about. Overall, the most appealing thing about the DBS Live Fresh Card is its additional 5% cashback on public transport and car sharing services.

4. DBS Live Fresh Card: Minimum Spend

To qualify for DBS Live Fresh Card’s bonus cashback, you have to hit a minimum spend of $600 for each calendar month. To hit the cashback cap on Visa contactless payments and online spend, you’ll have to shell out $400 in each category for $40 cashback.

If you do your due to max out the cashback cap, you’ll automatically meet the monthly minimum spend. Otherwise, you’ll only earn 0.3% on all your spend. Trust me, you really don’t want to see all your efforts go to nought.

In order to avoid that, the following are DBS Live Fresh Card exclusions to keep in mind when you’re using your DBS Live Fresh Card.

5. DBS Live Fresh Card Exclusions

The DBS Live Fresh Card’s exclusions are pretty standard. Here are some of the key transactions which will not qualify for any cashback rewards:

• Insurance payments
• Hospital bills
• Utility payments
• Cryptocurrencies purchases
• School fees
• Payments to financial institutions
• Payments to non-profit organisations
• Government services

If you were thinking of raking up cashback rewards by charging your bills, parking, and insurance payments to the card…tough luck! We must say, the DBS Live Fresh Card is pretty lenient otherwise.

6. How do I maximise my DBS Live Fresh Card?

With every cashback card, the goal is to earn as much cashback as you possibly can. The highest cashback you can earn with the DBS Live Fresh card is $75. However, in order to do so, you’ll have to spend the following amounts in each category:

That’s a total spend of $2,767 to hit the maximum cashback of $75. However, the 0.3% cashback on all spend is honestly not even worth it. So, ignore the all other spend category and focus on the online spend and Visa contactless payments categories instead. That way, you’ll also hit your monthly minimum spend of $600.

Altogether, you’ll earn $40 in cashback and up to $15 more if you take the public transport or go to a fancy supermarket.

7. Should I get the DBS Live Fresh Card?

If you haven’t already guessed, the DBS Live Fresh Card belongs in the pockets of Gen Z and millennials who rely on the internet to get stuff done. Even better if you’re a Gen Z and millennial who takes it upon yourself to save the planet.

There aren’t any specific bonus rebates for key categories (like groceries, dining and the likes), but in this day and age, you can pay for everything with just a click or wave right?

If it can’t be ordered online, cardholders can make use of the 5% cashback on contactless payment methods to still earn some rebates when spending on those necessities. But bear in mind — cashback is capped at $20.

Plus, if you take the bus and train with your DBS Live Fresh Card, shop at sustainable grocery stores, and dine at eco-friendly restaurants you get an additional 5% cashback!

8. DBS Live Fresh Card Privileges, Promotions

If you love saving the environment, you’ll love the DBS Live Fresh Card. Not only does it give you additional cashback for sustainable spend, you can also enjoy the following promotions with sustainable merchants:

And if you’re a lover of mother earth, granted you’d want to travel the world to see the sights and scenes. Here are some of the  exclusive hotel and flight deals you can get with the DBS Live Fresh Card:

9. DBS Live Fresh Card Sign-Up Promotion

If you’re convinced that the DBS Live Fresh Card is one that’ll work for you, sign-up by 31 Jan 2023 to earn $150 in cashback. Wondering how? Here’s what you have to do:

• You must be new to DBS credit cards (or have cancelled yours more than a year ago)
• Apply online through digibank or Myinfo with Singpass, using promo code 150CASH
• Spend at least $800 in eligible transactions within 60 days of card approval
• Promotion ends 31 December 2023

Don’t say no to free cashback!

10. Alternatives to the DBS Live Fresh Card

Almost all the banks in Singapore are fighting over millennial dollars — after all, young Singaporeans have zero brand loyalty (how many credit cards do you have?) and can be easily persuaded to part with what little money we have.

So as expected, the DBS Live Fresh Card has some serious competition. Let’s see how it stacks up against the others:

UOB EVOL Card – Another credit card obviously targeting the same demographic as the DBS Live Fresh Card, the UOB EVOL Card offers a more attractive 8% cashback for online shopping and PayWave transactions, but with the same cashback cap of $60.

OCBC FRANK Card  – Similar to DBS offerings, the OCBC FRANK Card lets you earn 6% on online shopping and mobile contactless (Apple Pay etc.) payments. The same minimum spend of $600 applies, but the cap is higher at $75.

OCBC Frank Card

Earn 8% cashback on online/ contactless mobile transactions in SGD

Earn 8% cashback on Foreign Currency transactions

Earn 2% bonus cashback at selected Green Merchants: SimplyGo, BlueSG, Scoop Wholefoods and more.

0.3% cashback on other eligible spends

To enjoy the cashback, you need to spend a minimum of S$800 based on posted transactions in a calendar month

If you spend less than S$800, a flat 0.3% cashback is awarded

Min. annual spend of S$10,000 from date of approval to qualify for automatic annual fee waiver

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DBS Live Fresh Card Review: The Ultimate Guide for Singaporeans

If you’re looking for a credit card that offers cashback rewards on your everyday spending , then the DBS Live Fresh Card might be worth considering. This all-in-one card allows you to use the same card for your bus and train rides, ATM withdrawals, and even ride-hailing services. Plus, you can enjoy a 1-year annual fee waiver and earn up to 5% cashback on your transport spend with a minimum spend of S$600 per calendar month for the first 180 days from Card Approval Date.

In addition to its transport cashback rewards, the DBS Live Fresh Card is also eco-friendly, earning up to 10% cashback on your favourite eco-merchants and more. With this card, you can turn your everyday spend into effortless cashback, all while supporting environmentally-friendly businesses. But is the DBS Live Fresh Card the right choice for you? Read on to find out more about its key features, how to apply, and how to maximise its benefits.

Key Takeaways

• The DBS Live Fresh Card offers up to 5% cashback on transport spend and up to 10% cashback on eco-merchants.
• To apply for the card, you’ll need to meet certain eligibility criteria and provide the required documents.
• Maximise the benefits of the DBS Live Fresh Card by understanding the fine print, taking advantage of lifestyle perks and privileges, and using it for your everyday spending.

Key Features of DBS Live Fresh Card

If you’re looking for a credit card that is eco-friendly and offers great rewards and cashback, the DBS Live Fresh Card might be the perfect fit for you. Here are some of its key features:

Eco-Friendly Aspects

The DBS Live Fresh Card is Singapore’s first-ever eco-friendly recycled card, made from 85.5% recycled plastic. By using this card, you can help reduce plastic waste and contribute towards a more sustainable future.

Rewards and Cashback

With the DBS Live Fresh Card, you can enjoy up to 10% cashback on your spending. Get up to 5% cashback on contactless and online spend , and an additional 5% green cashback on selected eco-eateries, retailers and transport services. Plus, you can also earn 0.3% cashback on all other spend.

Online and Contactless Spend Benefits

The DBS Live Fresh Card offers great benefits for online and contactless spending. You can get 5% cashback on online and Visa contactless spend, and FavePay counts as an online transaction if used at retail outlets. Visa contactless transactions are those made through a contactless terminal via the Card or mobile wallets on Apple Pay, Samsung Pay, Google Pay.

Overall, the DBS Live Fresh Card is a great option if you’re looking for an eco-friendly credit card that offers great rewards and benefits for online and contactless spending.

Applying for the DBS Live Fresh Card

If you’re looking for a credit card that rewards you for your online shopping and contactless payments, then the DBS Live Fresh Card might be the perfect fit for you. Here’s what you need to know about applying for the card.

Eligibility Criteria

Before you apply for the DBS Live Fresh Card, you need to make sure that you meet the eligibility criteria. To be eligible for the card, you need to be at least 21 years old and have a minimum income of £30,000 per year. Additionally, you need to be a Singaporean citizen or a permanent resident.

Application Process

Applying for the DBS Live Fresh Card is a simple and straightforward process. You can apply for the card online, and the application process should take no more than 15 minutes. Here’s what you need to do:

• Visit the DBS website and navigate to the Live Fresh Card application page.
• Fill in your personal details, including your name, address, and contact information.
• Provide your employment details, including your current job and income.
• Upload the necessary documents, such as your NRIC or passport, and your latest payslip.
• Review your application and submit it.

Once you’ve submitted your application, you should receive a response within a few working days. If your application is approved, you’ll receive your DBS Live Fresh Card in the mail within a few weeks.

So, if you’re looking for a credit card that rewards you for your online shopping and contactless payments, the DBS Live Fresh Card might be the perfect fit for you. Just make sure you meet the eligibility criteria and follow the simple application process, and you’ll be on your way to earning cashback on your purchases in no time.

Maximising Benefits

When it comes to the DBS Live Fresh Card, there are a few things you can do to maximise your benefits and get the most out of your card. Here are some tips to help you make the most of your DBS Live Fresh Card.

Meeting the Minimum Spend

To qualify for the 5% cashback on contactless and online spend, you need to meet the minimum spend requirement of $600 per month. This means you need to spend at least $600 in a calendar month to earn the full 5% cashback. If you don’t meet the minimum spend requirement, you will only earn 0.3% cashback on all your spend.

One way to meet the minimum spend requirement is to use your DBS Live Fresh Card for all your daily expenses, such as groceries, dining, and transport. You can also use your card for big-ticket items, such as electronics or travel, to help you reach the minimum spend requirement.

Understanding the Cashback Cap

While the DBS Live Fresh Card offers up to 10% cashback, there is a cashback cap of $60 per calendar month. This means that once you have earned $60 in cashback, you will not earn any more cashback for the rest of the month.

To maximise your cashback, you should aim to hit the cashback cap every month. This means you need to spend at least $1,200 per month on contactless and online spend to earn the full $60 cashback. You can also earn bonus cashback by using your card at selected eco-eateries, retailers, and transport services.

In conclusion, to get the most out of your DBS Live Fresh Card, you need to meet the minimum monthly spend requirement and understand the cashback cap. By doing so, you can earn up to 10% cashback on your favourite eco-merchants and more.

Lifestyle Perks and Privileges

As a DBS Live Fresh Cardholder, you get to enjoy a range of lifestyle perks and privileges that cater to your dining, entertainment, travel, and overseas spending needs. Here are some of the benefits you can look forward to:

Dining and Entertainment

DBS Live Fresh Card offers a 5% cash rebate on online and contactless dining and entertainment spend. This means that you can enjoy your favourite meals and entertainment activities while earning cashback at the same time.

In addition to the cash rebate, you also get to enjoy exclusive dining privileges at selected restaurants. For instance, you can enjoy up to 50% off your total bill at participating restaurants in Singapore.

Travel and Overseas Spending

If you’re planning to travel overseas, DBS Live Fresh Card has got you covered. You can earn up to 5% cashback on your overseas spend, including overseas online shopping. This means that you can shop to your heart’s content while earning cashback at the same time.

Moreover, you can enjoy exclusive privileges such as discounts on airport limousine transfers, complimentary travel insurance, and more.

Overall, DBS Live Fresh Card offers a range of lifestyle perks and privileges that cater to your dining, entertainment, travel, and overseas spending needs. With its generous cash rebates and exclusive privileges, this card is definitely worth considering if you’re looking for a card that offers great value for your money.

Understanding the Fine Print

When it comes to credit cards, understanding the fine print is crucial. The DBS Live Fresh Card is no exception, and it’s important to know what fees and charges you may incur and what terms and exclusions apply.

Fees and Charges

The DBS Live Fresh Card comes with a first-year annual fee waiver, which means you won’t have to pay anything for the first year. After that, the annual fee is $128. However, if you spend at least $12,000 per year, the annual fee will be waived for the following year.

If you carry a balance on your card, you’ll be charged an interest rate of 26.8% p.a. This rate is on the high side, so it’s important to pay off your balance in full each month to avoid finance charges.

If you use your card for foreign currency transactions, you’ll be charged a fee of 3.25% of the transaction amount. This is standard for most credit cards, but it’s something to keep in mind if you plan on using your card overseas.

Terms and Exclusions

There are certain terms and exclusions that apply to the DBS Live Fresh Card. For example, to qualify for the cashback rewards, you’ll need to spend at least $600 per month. Additionally, the cashback rewards are capped at $60 per month.

There are also certain exclusions to the cashback rewards. For example, you won’t earn cashback on transactions related to insurance, education, government services, and more. It’s important to read the terms and conditions carefully to understand what transactions are eligible for cashback rewards.

Overall, the DBS Live Fresh Card is a great option for those looking for a cashback credit card . Just be sure to understand the fees and charges, as well as the terms and exclusions, before you apply.

Frequently Asked Questions

What fabulous benefits can one enjoy with the DBS Live Fresh Card?

The DBS Live Fresh Card offers a range of benefits that are tailored to the needs of millennials and Gen Z. You can receive up to 5% cashback on online and Visa contactless spend, and an additional 5% Green Cashback on selected Eco-Eateries, Retailers and Transport Services. The card also offers 0.3% Cashback on All Other Spend, making it a great all-rounder.

How can I snag an annual fee waiver for my DBS Live Fresh Card?

You can enjoy a first-year annual fee waiver with the DBS Live Fresh Card. To continue enjoying this benefit, you must spend at least $12,000 per year on your card. If you are unable to meet this requirement, an annual fee of $128.40 will apply.

What’s the minimum spend required to unlock the perks of the DBS Live Fresh Card?

There is no minimum spend required to unlock the perks of the DBS Live Fresh Card. However, to enjoy the maximum cashback of 5%, you must spend at least $600 per month on online and Visa contactless spend. If you spend less than this amount, you will still receive cashback, but at a lower rate.

Could you enlighten me on how the cashback system operates for the DBS Live Fresh Card?

The cashback system for the DBS Live Fresh Card is straightforward. You will receive cashback on eligible transactions made with your card. The cashback will be credited to your account by the end of the following month. There is no limit to the amount of cashback you can earn, and it never expires.

Is the DBS Live Fresh Card the ultimate choice for online shopping aficionados in Singapore?

The DBS Live Fresh Card is a great choice for online shopping aficionados in Singapore. With up to 5% cashback on online spend, you can save money while shopping for your favourite items. The card also offers an additional 5% Green Cashback on selected Eco-Eateries, Retailers and Transport Services, making it an eco-friendly choice for those who care about the environment.

Are there any special terms and conditions I should be aware of before diving into the DBS Live Fresh Card experience?

Yes, there are some special terms and conditions you should be aware of before diving into the DBS Live Fresh Card experience. For example, to be eligible for cashback, you must make a minimum of 5 transactions per month. Also, cashback is not awarded on transactions such as cash advances, balance transfers, and instalment payment plans. It’s always a good idea to read the fine print before signing up for any credit card.

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DBS Live Fresh Student Card: Is It a Good Option for You?

DBS Live Fresh Student Card

• High cashback on student-friendly brands
• Fee waivers for 5 years – enough to last through tertiary education
• No minimum spend
• Doubles up as a public transport card with cashback via SimplyGo
• Limited eligible categories
• Low cashback (0.3%) if the merchant doesn’t fall in the selected eligible categories
• Minimum 21 years of age, which means many polytechnic students aren’t eligible
• Limited eligible tertiary institutions

Current Promotion

The DBS Live Fresh Student Card is Singapore’s first eco-friendly card: it promises a ‘green’ way to shop, eat, and travel.

With no minimum income requirement and a bunch of tantalising benefits, this card seems ideal for young adults. But is it really all that it promises to be?

Here’s what we’ll cover:

• Who’s eligible to apply
• Features and benefits    
• Tiers of cashback
• How much cashback you can really get in a month
• Who would benefit most from the DBS Live Fresh Student Card

Who is Eligible to Apply for the DBS Live Fresh Student Card?

The criteria are pretty basic:

• Between 21 to 27 years old
• Studying in a tertiary institution in Singapore*
• Don’t have an existing DBS/POSB credit card and/or other unsecured facilities # with DBS/POSB

You don’t even need a minimum income; it’s that simple.

Card applications can be made via the DBS website . Remember to get your IC and Student Matriculation Card ready because these are the two basic supporting documents required.

* Existing student from NUS, NTU, SMU, SIM, SUTD, SIT, SUSS, NYP, NP, TP, SP, or RP

What Features and Benefits Does It Offer?

Let’s break down the features and discuss how you can benefit from them:

What Are the Different Tiers of Cashback?

The DBS Live Fresh Student Card mentions a fair bit about cashback benefits, so it’s worth diving deeper to see if they’re all that they promise.

The cashback programme is broken down into three categories:

#1 – 5% cashback on brands popular with students, capped at S$15 per month

The list current features these merchants:

• Golden Village

#2 – Extra 5% green cashback, capped at S$15 per month

As of 4 November, here’s the current list of eligible ‘green’ merchants:

#3 – 0.3% on all other spend, capped at S$20 per month

What’s not eligible for cashback.

As with most credit cards, there are certain items that are excluded from cashback. Here’s what the DBS Live Fresh Student card doesn’t give rebates on: 

• Interest-free instalment plans
• Utility bills
• AXS payments
• Payments to financial institutions (e.g. banks, online trading platforms)
• Payments to government institutions and services
• Hospital bills
• Insurance premiums
• Payments to non-profits
• Top-ups of prepaid cards (e.g. EZ-Link, GrabPay, ShopeePay)
• Betting transactions
• Cryptocurrency transactions
• Any fees DBS charges
• Any cancelled or voided transactions

How Much Cashback Can You Actually Get In a Month?

According to DBS, the maximum cashback you can get is S$50. That doesn’t sound too bad, especially considering that other student cards like the Maybank eVibes Card only offer 1% cashback on all spending.

But is it really possible to collect S$50 in rebates each month? Not quite.

Say you spend S$300 on standard brand partners to collect the maximum S$15 cashback. Then you spend the remaining S$200 on eco-partners to collect S$10 cashback. That puts you at S$25 total cashback.

And that’s assuming that you only spend on eligible merchants, which is highly unlikely. 

Realistically, most people report only getting a few dollars in rebates per month. (Then again, that’s not bad on a student card.)

Who Would Benefit from the DBS Live Fresh Student Card?

This credit card is best for:

• Eco-conscious young adults who want a card that aligns with their values
• Those who regularly visit Golden Village, McDonald’s, Starbucks, and have monthly subscriptions to Netflix and Spotify
• Those looking for a starter card with straightforward options and perks

Who’s NOT suitable for this card:

• Those who aren’t active consumers of eco-friendly products and services
• Those looking to purchase bigger-ticket items with a credit card
• Those who don’t spend frequently at the DBS partner merchants

DBS LIVE FRESH

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From now until 30 April 2024, apply for designated cards through MoneySmart（ DBS Eminent Card/  DBS Live Fresh/ DBS Compass Visa）successfully to get HK$200 Apple Store Gift Card  or HK$200 Klook Voucher or HK$200 ParknShop Voucher!  

Are you eligible?

You need to apply through MoneySmart and credit card is approved. There are no spending requirements

Must be a new-to-bank cardholder.

Before the application through the MoneySmart, please first Turn off ad block; Clear the cookies; Don’t use incognito mode; Turn off the prevent cross-site tracking (Safari users) or Turn off do not track function (Chrome users)

After clicking MoneySmart’s designated link, please complete the application from asap; Do not open another web page.

When applying for a DBS credit card, the DBS Card+ app will require you to upload HKID image. Please place your HKID on a piece of white paper, take a photo with your mobile device, and make sure  the HKID number in  both front and back of  see-through windows can be clearly seen (applicable to New Smart Identity Card).

What you need to know

Customers must complete and submit the redemption form after logging in to  MoneySmart  on or before 30 June 2024

By 2 July 2024, new customers  who have downloaded DBS Card+ mobile application via the designated link, and successfully applied for a DBS credit card, can earn an extra HK$50 InstaRedeem Amount

Get an  extra HK$100 cash rebate  if new customers successfully accumulate Octopus Automatic Add-Value transaction of HK$1,000 or above OR apply for 12-month or above Flexi Shopping Programme (of any amount) with the New Card within 2 months of the New Card issuance date!

All Details

Key features.

Up to 5% Cash Rebate Reward of Your Choice Selection List(Online Foreign Currency Spending; Online Travel Merchant Spending; Online Supermarket Spending; Online Dining Spending; Online Entertainment Spending; Online Fashion & Apparel Spending; Online Charity Donations

1% Unlimited Cash Rebate for Online Spending in foreign currencies

10 Free Trials for Flexi Shopping

iFlexi - up to 90-day Interest-free Repayment Period for Online Transaction

Flexi Travel - up to 90-day Interest-free Repayment Period for Overseas and Travelling Transaction

Online Shopping

Up to 5% Cash Rebate Reward of Your Choice Selection List (Online Foreign Currency Spending; Online Travel Merchant Spending; Online Supermarket Spending; Online Dining Spending; Online Entertainment Spending; Online Fashion & Apparel Spending; Online Charity Donations)

Overseas Spending

Welcome offers.

New Customers^ who fulfilled the relevant spending requirements within 3 months from the card issuance date (“Spending Period”), and register and activate DBS Card+ account within 1 month of the New Card issuance date, can enjoy the first-year annual fee waiver and the following welcome offer:

HK$4,800 within 3 months from the new card issuance date: HK$350 InstaRedeem Discount

HK$1,000 or above in total for top up amount via Octopus Automatic Add Value Service or successfully apply 12-month or above Flexi Shopping Programme with New Card within 3 months from the new card issuance date, no amount requirement: Extra HK$100 Cash Rebate

New Customers^ and Existing Customers^ successfully activate the physical New Card via DBS Card+ app within 2 month after its issuance: HK$50 InstaRedeem Discount

New Customers^ apply via DBS Card+ Extra Welcome Offer: HK$50 InstaRedeem Discount(Details：go.dbs.com/hk-online-acq-50SIR)

^New Customers shall mean applicants who, during the New Card approval process have not applied for, do not currently hold, or in the 12 months prior to the date of application for the New Card, have not held and/or cancelled any principal credit cards (including co-branded cards) issued by the Bank (“New Customers ”). Existing Customers shall mean applicants who, during the New Card approval process have not applied for, do not currently hold, or in the 12 months prior to the date of application for the New Card, have not held and/or cancelled DBS Live Fresh Card issued by the Bank (“Existing Customers ”).

Credit card offers are subject to Terms and Conditions. Please refer to go.dbs.com/hk-livefresh-en for details

To borrow or not to borrow? Borrow only if you can repay!

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Annual interest rate and fees, minimum income requirements, card association.

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Key Features

Spend in over 150 currencies

No fee on international ATM withdrawals, up to S$1,050 per month depending on the plan (subject to 5 withdrawals per month)

Send money domestically and internationally to 150+ countries (both bank transfer and instant card transfer)

Debit card with minimum top-up of S$20

In-app budgeting & analytics and Vault features to manager your savings

Ability to split bills easily with anyone

Free and instant P2P transfers to other Revolut users globally

Invest in 1000+ global company shares, 110+ crypto tokens, commodities with live watchlists, trading charts, market news and learn modules

Premium and Metal Add ons : Lower or no fees across multiple products (e.g., FX, Remittance, ATM, Crypto, Stocks, Commodities), Complimentary travel insurance, Customised metal card, Premium card with three exclusive designs, Priority customer service and LoungeKey Pass access to airport lounges around the world

Apply via MoneySmart and easy 5 minute setup via Revolut mobile app

See all details 

The hidden fees I talked about above are related to overseas spending. I would still recommend this card for local spending for its fuss-free cashback mechanisms. Let’s take a look at what the DBS Visa Debit Card has to offer.

Benefits of the DBS Visa Debit Card

Even if you’re rolling in enough dough to get any credit card you want, you might still be tempted to sign up for a DBS debit card for several reasons:

No annual fee

Very accessible —as long as you’re 16 years old and have a DBS savings or current account, you can get your hands on this sleek black debit card.

4% cashback on online food delivery

3% cashback on local transport (Ride-hailing, taxis, Simply Go)

2% cashback on all foreign currency spend (including online purchases)

Cashback will be automatically credited and reflected in your monthly statement within 60 days. Good for lazy folks who don’t even want to lift a finger to redeem cashback (that finger is pointing at myself).

No foreign exchange fees if you link your My Account as the primary account to your DBS Visa Debit Card. But read what I wrote in the previous section about the foreign transaction fees that will still apply.

The DBS Visa Debit Card is a great option to earn cashback on everyday expenses like food and transport.

However, there are some catches. Firstly, your eligibility to earn cashback depends on 2 factors:

You need to spend at least $500 a month on qualifying Visa cards. The other qualifying cards are less accessible—the DBS Treasures Visa Debit Card, DBS Treasures Private Client Visa Debit Card, DBS Private Bank Visa Debit Card, and DBS SUTD Visa Debit Card.

Keep your  cash withdrawals to $400 and below across all your DBS/POSB cards in the same month.

Fulfil these 2 requirements are you’ll earn the cashback promised! …up to the  cashback cap of $20 per month .

Who should use the DBS Visa Debit Card?

For a start, just about anyone can get hold of this card because it’s a debit card, i.e. there’s  no minimum income and no annual fee . Yay! If you don’t qualify for a credit card (e.g. you’re still a student), this is hands down one of the best debit cards in Singapore you could be using right now.

But of course, it also means the funds are debited directly . You definitely cannot spend beyond your means. Think twice about getting this card if you’re planning for large purchases or if you have really poor self-control. Alternatively, you could also log in to iBanking and set your daily debit card transaction limit ($2,000 by default) to something within your means.

However, it works well as a day-to-day expenses card as there’s a generous bonus cashback of 4% on food delivery and 3% on transport. That means you earn every time you tap your card to get onto the bus or MRT.

Don’t forget that you will need to spend at least $500 in a month to qualify for the cashback.

There’s also the “troublesome factor”. If you aren’t an existing POSB or DBS account holder, or if you don’t want to have to limit cash withdrawals from your account to $400 and below , you’ll have to sign up for a new savings or current account, which is an added inconvenience.

If you are a POSB or DBS account holder and are using a plain vanilla ATM or debit card, it wouldn’t hurt to swap it for the DBS Visa Debit Card.

Alternatives to the DBS Visa Debit Card

While DBS Visa Debit Card is one of the most generous debit cards out there when it comes to cashback, there are many credit cards that reward you with similar or higher cashback.

Standard Chartered Smart Credit Card —With its $0 annual fee and $0 minimum spend requirement, the Standard Chartered Smart Credit Card is a fierce contender. You’ll also earn a higher cashback rate of up to 6% on fast food dining, coffee and toast, digital subscriptions (Netflix, Disney+ and Spotify) and on your daily commute (Bus/MRT).

MoneySmart Exclusive

Up to 6% Cashback

Standard Chartered Smart Credit Card

Cashback from Netflix, Spotify, fast food joints and more. *T&Cs apply.

Minimum Spend

MoneySmart Exclusive:

Get  a  Sony LinkBuds S Earbuds  (worth S$309) or a   Lenovo Tab M10 Gen 3  (worth S$299.01) or  up to S$230 Cash via PayNow   when you apply and meet the relevant spend criteria!  T&Cs apply .

Valid until 21 Apr 2024

6%* cashback on your everyday spend at your favourite merchants across fast food dining, coffee and toast, digital subscriptions and on your daily commute (Bus/MRT). No minimum spend requirement. *T&Cs apply.

No Annual Fees ever

3-month interest-free instalments with no service fees

Enjoy dining and shopping discount privileges at over 3,000 outlets in Asia with Standard Chartered’s The Good Life Program

Complimentary travel medical insurance - Have a peace of mind when you travel with complimentary travel insurance coverage of up to S$500,000. Simply charge your full travel fare to your card before you go abroad. Terms and conditions apply.

At MoneySmart, we strive to keep our information accurate and up to date. This information may be different from what you see when you visit a financial institution, service provider, or specific product site. MoneySmart shall not be liable to compensate the Customer should the information is not as updated as our Partner.

See all card details 

DBS Live Fresh Card –Get up to 6% cashback on shopping and transport. Note, however, that the minimum spending requirement is a higher $800 a month. At least the monthly cap on cashback is also raised to $70.

Online Promo

Shopping and Transportation

DBS Live Fresh Card

on Shopping & Transport Spend

Cashback Cap

Score up to 6% cashback on your shopping sprees & daily commutes

Up to 6% cashback on Shopping & Transport Spend

0.3% unlimited cashback on All Spend

Enjoy first year annual fee waiver

UOB One Card —One of the highest cashback rates out there at 10%. The catch is that there’s a $500 minimum spend and the cashback only applies to merchants like McDonalds, Shopee, Giant, Grab and SimplyGo instead of a blanket category like “food delivery”.

AMAZING APRIL PROMOTION

UOB One Card

Cashback on McDonald's, DFI Retail Group, Grab, Shopee, SP and more

Cashback Cap per quarter

Min. Spend per month

[Amazing April Promotion | CASH BONUS] Stand a chance to get an  Sony PlayStation®5 (SLIM) Disc Edition  (worth S$799) when you apply through MoneySmart! The first 6 successful applicants who submit the claim form at 2pm or 9pm can also receive a  S$88 Cash Bonus via PayNow!   T&Cs apply .   PLUS get  S$350 Cash Credit from UOB  when you are the first 200 new-to-UOB customers who successfully apply for an eligible UOB Credit Card and spend a min. of S$1,000 per month, for 2 consecutive months from the card approval date.  T&Cs  apply.

Up to 10% cashback on McDonald's (including McDelivery®)

Up to 10% cashback at Shopee Singapore (excludes ShopeePay)

Up to 10% cashback at DFI Retail Group (Cold Storage, CS Fresh, Giant, Guardian, 7-Eleven & more)

Up to 10% cashback at Grab (including GrabFood, excludes Grab mobile wallet top-ups)

Up to 10% cashback (bus and train rides)

Up to 10% cashback on UOB Travel

Up to 4.33% cashback on Singapore Power utilities bill.

Up to 3.33% cashback on all retail spend (based on S$500, S$1,000 or S$2,000)

Fuel savings of up to 22.66% at Shell and SPC

Exclusions and T&Cs at uob.com.sg/onetncs

P.S. Here’s our MoneySmart credit card ranking rubric

In case you’re wondering, here’s how we decide on our credit card rankings.

Don’t miss all our Singapore credit card reviews .

Has this article swayed you from Team Credit Card to Team Debit Card? Share it with someone else who could use an eye-opener!

About the author

Vanessa Nah  is a personal finance content writer who pens articles on the ins and outs of savings accounts, the T&Cs of credit cards, and the ups and downs of alternative investments. She’s a researcher at heart and leaves no stone unturned when it comes to breaking down complex finance concepts and making them easy to understand for the everyday Singaporean. When Vanessa’s not debunking finance myths, you’ll find her attending dance classes, fingerpicking a guitar, or (most im paw tently) fulfilling her life mission to make her one-eyed cat the most spoiled and loved kitty in the world.

The post Is the DBS Visa Debit Card Better Than a Credit Card?—MoneySmart Review 2024 appeared first on the MoneySmart blog .

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Compare the Best DBS Credit Cards in Singapore 2024

Compare all available DBS credit cards in Singapore based on what you can get out of your spending, be it cash back, rewards, petrol, grocery, shopping, buffet, air miles or no annual fee.

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DBS Live Fresh Student Card

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Best DBS Credit Card 2024

Dbs credit card hotline, dbs credit card waiver, dbs credit card promotion, dbs credit card application, cancel dbs credit card, dbs rewards.

If you’re using a DBS credit card, you’ll be able to accumulate DBS rewards points from your purchases. If you’re using a DBS Corporate, Purchasing, Country Club, Live Fresh Card, Takashimaya Esso, or SAFRA card, you don’t earn DBS points.

Your rewards points earn rate differs from card to card. For example, DBS Altitude card holders may earn 3 DBS Points per S$5 spent online in local currency but DBS Woman’s card holders may earn 10 DBS Points per S$5 spent online in local currency. Some transactions do not qualify for DBS points accrual, such as bill payments via AXS, SAM, payments to educational, governmental, insurance, financial, medical, and non-profit organisations, gambling and betting, top-ups to prepaid mobile wallets and cards such as EZ-Link, GrabPay, and Singtel Dash, and instalment plans. These are called general exclusions and you will find them across all major banks in Singapore. An important thing to note is the expiry date: your DBS Points expire a year from your credit card account opening date. In subsequent years, DBS Points expire a year from the date it was earned. That means you will need to keep track of your DBS Points and redeem them promptly.

DBS points to miles

Any DBS credit card can be a “DBS miles card” because you can easily convert your DBS rewards points to Singapore Airlines’ KrisFlyer miles, Cathay Pacific’s Asia Miles, Qantas Points, or AirAsia BIG Points when you enrol in the DBS Rewards Frequent Flyer Programme. For every 1 DBS point, you get 2 air miles. Conversions must be done in blocks of 5,000 DBS points, takes 7 working days, and is subject to a $26.75 transfer fee for each transaction.

DBS rewards redemption

To redeem your DBS rewards points, log in to DBS digibank, select “Cards”, followed by “Redeem Rewards”. You will then be able to browse the rewards redemption catalogue and add items to cart. Alternatively, log in to the DBS Rewards website to browse the rewards redemption catalogue and redeem e-vouchers, rebates, and air miles. Finally, if you have the DBS Lifestyle App downloaded on your mobile device, find the “Rewards” category and you will be able to browse the catalogue. To check your DBS points balance, call the DBS customer s service hotline at 1800 111 1111.

DBS Credit Card Overseas Activation

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• DBS Live Fresh Credit Card - Best Eco-Friendly Online Shopping Cashback Card

• Great rewards on contactless payment methods (Visa payWave)
• Green cashback on eco-eateries and retailers
• Various entertainment discounts and promotions
• Lacks travel and overseas spend rewards
• Not suitable for low budgets

DBS Live Fresh is a great option for modern spending, offering 5% cashback that applies broadly to any online transaction and any Visa contactless payments. It's also advertised as the first eco-friendly credit card in Singapore, offering an extra 5% cashback at select eco-eateries, retailers and transport services. While its online rebate isn't the highest, DBS Live Fresh Card delivers a unique combination of cashback, ATM, and SimplyGo capabilities.

DBS Live Fresh Credit Card Features and Benefits

• Enter the promo code 150CASH and spend a minimum of S$800 within 60 days of card approval to be eligible
• New DBS/POSB cardmembers can get S$150 cashback when you apply through ValueChampion

Our Evaluation: Decent Cashback and Eco-Friendly Savings, But No Fee Waivers

DBS Live Fresh Card is great if you want versatile cashback from both online and mobile payments. You earn 5% cashback on online retail spend and on payments made via Visa payWave through a contactless terminal or mobile wallet (Apple Pay, Samsung Pay, Google Pay). In today's economy, this means you can earn 5% on nearly any spend - up to the card's limit of S$40 per month in those two categories.

On top of its core 5% cashback, DBS Live Fresh also offers 5% back at select eco-eateries, eco-retailers and eco-transportation, up to a monthly category limit of S$15. All other spend earns a standard base rate of 0.3% cashback. Compared to other credit cards with online cashback, DBS Live Fresh Card stands out for its all-in-one functionality: you get ATM and SimplyGo features to complement the cashback benefits.

However, DBS Live Fresh falls behind in some ways. Its 5% rebate is decent, but not the highest available. It also requires you spend S$600 per month to earn the 5% rate, and your maximum rewards are limited to no more than S$20 in each 5% category. It also carries an annual fee of S$192.6 that is only waived in the first year, with no way of avoiding it in subsequent years. Finally, DBS Live Fresh does not earn cashback on payment platforms like CardUp, iPayMy and SmoovePay.

Still, we think that there are plenty of people who will find DBS Live Fresh Card a useful option for getting cashback without having to pay close attention to their spending habits. As long as you tap your card to pay in person or use Google Pay, Apple Pay or Samsung Pay, you'll earn 5% every month.

How Does DBS Live Fresh Credit Card's Rewards Program Work?

• Every 1 dollar of cashback earned is equal to S$1
• Cashback is credited to the cardholder's account monthly
• Cashback is automatically applied to pay part of the billed amount for that month

Before You Apply: Caps, Minimums, and Exclusions

Like most other credit cards, DBS Live Fresh comes with some restrictions that you'll need to keep in mind if you want to get the most value out of its rewards. First of all, the cashback you can earn each month is limited to S$75, divided into four categories: online spend, Visa contactless spend, sustainable spend and general spend.

Among these four categories, the sustainable spend works like an extra bonus and can be earned on top of online or contactless spend for a total of 10% cashback on a single transaction. This means that even in an ideal scenario, you must spend at least S$2,467 per month in order to reach the maximum S$75 cashback possible with DBS Live Fresh Card.

That said, much of that required spend is concentrated in the general spend rate of 0.3%, which we don't believe is a great deal compared to the 5% cashback rates in the other three categories. The more efficient method of using this card would be to target the combined S$40 cap on online purchases and Visa contactless spend, which only requires S$800 per month.

Finally, keep in mind that there are many specific types of transactions that do not qualify for any rewards with DBS Live Fresh (nor with most other credit cards). For DBS Live Fresh, the following exclusions apply:

How DBS Live Fresh Credit Card Compares to Other Cards

Read our comparisons of DBS Live Fresh Card with other cards and learn what makes each card unique in their own way. We compare and contrast each card to highlight its uniqueness to help you identify the card that you need.

DBS Live Fresh Credit Card v. OCBC Frank Card

• 6% rebate on online, mobile contactless, and FX spend
• Fee waiver with S$10,000 annual spend
• 0.3% rebate on general purchases
• Annual fee after 2 years
• Capped cashback at S$75

OCBC Frank Card is great for online shoppers who are comfortable with making mobile payments and seek rewards for entertainment spend. The card offers higher cashback rates for both online shopping and contactless payments than DBS Live Fresh Card at 6% versus 5%, respectively. It also has a lower minimum spend to unlock higher rates (just S$400/month), and cardholders can reach the cashback cap of S$60/month with spend across any category. It also provides an annual fee waiver for those who spend S$10,000 on the card annually.

Though OCBC Frank Card is not an all-in-one card, it stands apart from DBS Live Fresh Card by offering 3% cashback on the first 2 NETS FlashPay Auto Top-Ups. Finally, DBS Live Fresh Card offers discounts and promotions for nightlife experiences, while OCBC Frank Card offers up to 5% cashback on entertainment. For like-minded consumers, OCBC Frank Card is more likely to maximise rewards quickly and easily than DBS Fresh Live Card. The latter however does have all-in-one functionality.

DBS Live Fresh Credit Card v. Standard Chartered SingPost Spree Card

• Great for monthly budgets below S$500
• Rewards overseas retailer shopping
• Not suitable for monthly budgets of S$500+
• Lacks local shopping rewards

Shoppers who buy online overseas and use vPost shopping might be interested in Standard Chartered SingPost Spree Card . Cardholders earn lower rates for local and overseas online shopping than with DBS Live Fresh Card, but earn higher cashback on general spend, plus 3% on vPost transactions. Another difference is that SC SingPost Spree Card's cashback cap of S$60/month is not subdivided into categories, making it easier to max rewards than with DBS Live Fresh.

By combining cashback from overseas online spend (like through Amazon, for example) with shipping by vPost, cardholders can double up on rewards and quickly benefit from SC SingPost Spree Card. Consumers who rarely shop overseas, but do spend quite a bit online and offline locally with mobile wallets might be interested in DBS Live Fresh Card.

DBS Live Fresh Credit Card v. OCBC 365 Card

• 6% rebate on dining, 3% on groceries, transport, utilities, online travel
• Up to 22.1% fuel savings at Caltex, 20.2% at Esso
• 0.3% rebate on general spend
• High S$800 minimum spend requirement

Consumers looking for a broad, no-fee cashback card that rewards utilities payments might benefit from OCBC 365 Card . While OCBC 365 Card rewards groceries and online travel at a lower cashback rate than DBS Live Fresh Card (assuming purchase online or via mobile wallet), OCBC 365 offers higher cashback for dining (6%) and transport (3%). The card also offers 3% cashback on utility bills, which are excluded from cashback with DBS Live Fresh Card.

Finally, OCBC 365 Card's fee of S$192.6 is waived for two years and then subsequently with every annual spend of S$10,000–unlike DBS Live Fresh Card, which only waives its S$192.6 fee the first year. Ultimately, OCBC 365 Card is better for consumers seeking no-fee cashback and rewards for dining, transport, and utility payments. DBS Live Fresh Card's all-in-one functionality may be more appealing to some consumers, however.

DBS Live Fresh Credit Card v. CIMB Visa Signature Card

• Rewards online shopping, groceries and beauty spend
• Rewards pet spend and cruises
• No annual fee credit card
• Lacks discounts on transport & petrol
• Speciliazed spend
• Doesn't fit frequent travellers

Consumers intent on maximising cashback for online shopping with a no-fee card might want to consider CIMB Visa Signature Card . Consumers earn 10% rebates on online shopping, beauty, groceries,pet care and overseas travel expenses after a qualifying spend of S$800–with no annual fee. While DBS Live Fresh Card has a lower minimum spend requirement, it only offers 5% cashback for online spend and has a S$192.6 fee, waived only 1 year.

To view the best cashback credit cards available in Singapore, check over here for more!

• How to Reduce Your Singapore Credit Card Fees to Effectively Zero
• Should You Get a Cashback Credit Card to Curb Inflation in Singapore?
• The Best Cashback Credit Cards For Different Types Of Spenders

Zoryana is a Senior Research Analyst at ValueChampion, who focuses on evaluating credit cards, savings and fixed deposits in Singapore. She holds a BA in Political Science and an MPA in International Finance and Economic Policy, both from Columbia University. Prior to joining ValueChampion, Zoryana worked in treasury management consulting.

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