Best DBS/POSB Credit Cards In Singapore (2021)

SingSaver team
·11-min read

Regardless of whether you want to earn cashback, miles or rewards points in general, the largest local bank in Singapore has you covered. Here are the DBS/POSB credit cards worth your consideration.

Did you know that no matter which DBS/POSB credit card you end up going for, there are plenty of nice perks you can enjoy as a DBS/POSB credit cardmember? From deals and promotions to earning tangible rewards, the sky’s the limit.

Not to forget, you can also earn higher interest rates of up to 3.00% p.a. with the DBS Multiplier Account as you credit your income/ dividends, spend on your DBS/POSB credit card, finance your DBS home loan, purchase insurance policies and invest.

Interested in getting a DBS/POSB credit card but aren’t sure which one is right for you? Read on and click ahead — we’ve rounded up the best DBS/POSB credit cards for your easy reference.

  • Best for cashback

  • Best for miles

  • Best for DBS Points

  • Best for Gen-Zs and millennials

  • Best for online shopping

  • Best all-round credit card

Best DBS/POSB Credit Cards In Singapore

Best for

Credit card

Key benefits

Cashback

DBS Live Fresh

POSB Everyday Card

– 5% cashback on online and Visa contactless spend
– Up to 10% cashback on dining

Miles

DBS Altitude

– 2X complimentary airport lounge passes
– 1.2 mpd local spend
– 2 mpd foreign currency spend
– 3 mpd online flight & hotel transactions, capped at $5000 per month
– Up to 10 mpd on Agoda, Expedia and Kaligo
– Membership renewal bonus of 10,000 miles

DBS Points

DBS Woman’s World Card

DBS Woman’s Card

– 2X DBS points per dollar on local online spend

– 1X DBS Points per dollar on local online spend

Gen-Zs and millennials

DBS Live Fresh

DBS Woman’s Card

– 5% cashback on online and Visa contactless spend
– 1X DBS Points per dollar on local online spend

Online shopping

DBS Live Fresh

DBS Woman’s World Card

DBS Woman’s Card

– 5% cashback on online and Visa contactless spend
– 2X DBS points per dollar on local online spend

– 1X DBS Points per dollar on local online spend

All-round credit card

POSB Everyday Card

– Up to 10% cash rebate on dining
– 5% cash rebate at Sheng Siong
– 3% cash rebate at Watsons
– 1% cash rebate on recurring electricity bills
– 1% cash rebate on recurring StarHub bills
– Up to 20.1% fuel savings at SPC

Best for cashback

Cashback credit cards are some of the most straightforward types of rewards credit cards out there. DBS Live Fresh could be the card for you if you primarily spend online or in-store via contactless payment, and are comfortable with spending at least $600 a month. On the other hand, POSB Everyday Card is a great option if you have a family to support since it rewards you on a variety of expenses from dining, online shopping and personal care to groceries, fuel, electricity and StarHub bills.

DBS Live Fresh

POSB Everyday Card

Key Benefits

5% cashback on online and Visa contactless spend, including SimplyGo rides

0.3% cashback for all other spend

Up to 10% cashback on dining

5% cash rebate on online shopping on RedMart, iHerb, Lazada, Qoo10, Shopee and Amazon.sg

5% cashback at Sheng Siong

3% cashback at Watsons

Up to 20.1% fuel savings at SPC with no min. spend

1% cashback on electricity and recurring StarHub bills

0.3% cashback on all other transactions

Cons

Min. spend $600 monthly required to earn 5% cashback, otherwise you’ll earn 0.3%

$60 cashback cap per calendar month – split into $20 on eligible online spend, $20 on eligible Visa contactless spend and $20 on all other spend

Min. spend $800 required to earn up to 10% on dining. Cashback capped at $15 per calendar month. Valid till 30 June 2021

Min. spend $800 required to earn 5% cashback on online shopping on RedMart, iHerb, Lazada, Qoo10, Shopee and Amazon.sg. Cashback capped at $15 per calendar month. Valid till 30 June 2021

Sheng Siong cashback capped at $30 per calendar month

Cashback on Sembcorp Power, SP Group, Best Electricity, Ohm Energy and Tuas Power recurring electricity bills and StarHub recurring bills is capped at $1 per calendar month

Apply Now

Apply Now

Best for miles

The two air miles credit cards from DBS are fairly similar — you get to choose from the Visa or American Express variant depending on your preference as well as the extra perks that come with each of these credit cards.

DBS Altitude Visa

DBS Altitude American Express

Key Benefits

1.2 mpd local spend

2 mpd foreign currency spend

3 mpd online flight & hotel transactions, capped at $5,000 per month

Up to 10 mpd on Agoda, Expedia and Kaligo

Annual card renewal 10,000 mile bonus when you pay the annual fee

Up to $1 million travel accident insurance coverage when you charge your full travel fare to this card

1.2 mpd local spend

2 mpd foreign currency spend

3 mpd online flight & hotel transactions, capped at $5,000 per month

Up to 10 mpd on Agoda, Expedia and Kaligo

Annual card renewal 10,000 mile bonus when you pay the annual fee

Up to $1 million travel accident insurance coverage when you charge your full travel fare to this card

Extra perks

2 free Priority Pass lounge visits within each 12-month period of your membership

1.2 mpd on your bus/MRT rides. Min. spend of $1.67 on bus/train rides is required to qualify for 1 DBS Point

Visa Digital Concierge

Golf Club Privileges

Visa Airport Transfer Service discount

Attractive travel offers when you visit Japan

Up to 50% savings on dining, shopping, accommodation and more with Live The World

10% savings on outlet price and services at The Bicester Village Shopping Collection in Europe

Complimentary Silver Membership at Shinsegae Duty Free and Hyundai Department Store, South Korea

Cons

Miles are awarded in the form of DBS points which are awarded for every $5 spent

Each conversion of DBS points to miles will be subjected to an administrative fee of $25 (exclusive of GST)

Miles are awarded in the form of DBS points which are awarded for every $5 spent

Each conversion of DBS points to miles will be subjected to an administrative fee of $25 (exclusive of GST)

American Express is less widely accepted compared to Visa

DBS Altitude
DBS Altitude

Apply Now

Apply Now

Best for DBS points

As unintuitive as it may be, both men and women are allowed to sign up for DBS Woman’s World Card and DBS Woman’s Card if they so wish. These two rewards credit cards from DBS dole out generous rewards points on online purchases. The best part? No minimum spend!

DBS Woman’s World Card

DBS Woman’s Card

Key Benefits

2X DBS points per dollar on local online spend

0.6 DBS points per dollar on foreign currency spend

0.2 DBS points per dollar of local spend on other purchases

No min. monthly spend required

1X DBS Points per dollar on local online spend

0.2 DBS points per dollar of local spend on other purchases

No min. monthly spend required

Cons

2X DBS points per dollar on online spend are only applicable for the first $2,000 online spend per calendar month

High annual income requirement of $80,000

DBS points are only awarded for every $5 spent

1X DBS points per dollar on online spend are only applicable for the first $1,000 online spend per calendar month

DBS points are only awarded for every $5 spent

Apply Now

Apply Now

Best for Gen-Zs and millennials

It isn’t far-fetched to say that Gen-Zs and millennials are adept at all things online, including buying anything and everything off the internet effortlessly. DBS Live Fresh and DBS Woman’s Card are particularly great for those who have a penchant for doing their shopping online.

These two cards have a minimum annual income requirement of just $30,000 — great even if you are a freshly minted joinee of the workforce.

DBS Live Fresh

DBS Woman’s Card

Key Benefits

5% cashback on online and Visa contactless spend, including SimplyGo rides

0.3% cashback for all other spend

1X DBS Points per dollar on local online spend

0.2 DBS points per dollar of local spend on other purchases

No min. monthly spend required

Cons

Min. spend $600 monthly required to earn 5% cashback, otherwise you’ll earn 0.3%

$60 cashback cap per calendar month – split into $20 on eligible online spend, $20 on eligible Visa contactless spend and $20 on all other spend

1X DBS points per dollar on online spend are only applicable for the first $1,000 online spend per calendar month

DBS points are only awarded for every $5 spent

Apply Now

Apply Now

Best for online shopping

DBS Woman’s World Card, DBS Woman’s Card and DBS Live Fresh are credit cards that reward you handsomely on your online purchases in local SGD currency. The most generous of them all — DBS Woman’s World Card — is also the hardest to attain as it has a rather high annual income requirement.

DBS Woman’s World Card

DBS Woman’s Card

DBS Live Fresh

Key Benefits

2X DBS points per dollar on local online spend

0.6 DBS points per dollar on foreign currency spend

0.2 DBS points per dollar of local spend on other purchases

No min. monthly spend required

Complimentary e-commerce protection for online purchases

1X DBS Points per dollar on local online spend

0.2 DBS points per dollar of local spend on other purchases

No min. monthly spend required

Complimentary e-commerce protection for online purchases

5% cashback on online and Visa contactless spend, including SimplyGo rides

0.3% cashback for all other spend

Cons

2X DBS points per dollar on online spend are only applicable for the first $2,000 online spend per calendar month

High annual income requirement of $80,000

DBS points are only awarded for every $5 spent

1X DBS points per dollar on online spend are only applicable for the first $1,000 online spend per calendar month

DBS points are only awarded for every $5 spent

Min. spend $600 monthly required to earn 5% cashback, otherwise you’ll earn 0.3%

$60 cashback cap per calendar month – split into $20 on eligible online spend, $20 on eligible Visa contactless spend and $20 on all other spend

Apply Now

Apply Now

Apply Now

Best all-round credit card

An individual who has his or her own family to support may find their ideal all-in-one credit card in the form of POSB Everyday Card. This cashback credit card offers cash rebates on dining, online shopping, Watsons purchases, grocery shopping at Sheng Siong, recurring electricity and StarHub bills and SPC petrol purchases. Most grounds are covered. You can even pair this card with the DBS Multiplier Account to earn 0.40% p.a. or more on your hard earned savings.

Key benefits of POSB Everyday Card

Pros

Cons

Up to 10% cash rebate on dining

10% cashback on online food delivery transactions on foodpanda and Deliveroo only

3% cashback on all other dining spend (online and offline) under MCC 5811, 5812 and 5813 only

Min. $800 monthly spend required

Dining rebate cap – $15 per calendar month

Valid until 30 June 2021

5% cash rebate on online shopping

Only available for online shopping on RedMart, iHerb, Lazada, Qoo10, Shopee and Amazon.sg

Min. $800 monthly spend required

Rebate cap – $15 per calendar month

Valid until 30 June 2021

5% cash rebate at Sheng Siong

No min. spend required

Rebate cap – $30 per calendar month

3% cash rebate at Watsons

Available online and in-store

No min. spend required

NIL

1% cash rebate on recurring electricity bills

Includes Geneco, Union Power, Sembcorp Power, SP Group, Best Electricity, Ohm Energy and Tuas Power

No min. spend required

Cash rebate on Sembcorp Power, SP Group, Best Electricity, Ohm Energy and Tuas Power recurring electricity bills is capped at $1 per calendar month

1% cash rebate on recurring StarHub bills

No min. spend required

Cash rebate is capped at $1 per calendar month

Up to 20.1% fuel savings at SPC

No min. spend required

20.1% savings stem from discounts from SPC&U Card and DBS/POSB Card, as well as cash rebates from POSB Everyday Card

Valid until 30 June 2021

Apply Now

DBS Promotion: Enjoy $250 cashback when you key in the promo code AXS250 upon application. A minimum spend of $800 must be made within 60 days of card approval. Valid till 30 June 2021. T&Cs apply.

If you’re not a new DBS/POSB credit cardmember, consider these promotions instead.

Read these next:
Loyal DBS/POSB Customers: Which Credit Card Should You Add To Your Wallet?
Cashback vs Miles vs Rewards: Which Is The Best Type Of Credit Card For You?
Best Cashback Credit Cards In Singapore
Best Air Miles Credit Cards In Singapore
Best OCBC Credit Cards In Singapore

The post Best DBS/POSB Credit Cards In Singapore (2021) appeared first on SingSaver Blog - We Compare, You Save.

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