DBS Esso Card
DBS Esso Card
- Up to 23%
- Fuel Savings at Esso
- 1 Smiles Point
- per S$10 charged outside of Esso
- 1 Smiles Point
- per 1 Litre of Synergy Fuel
Are you eligible?
- Min. S$180 nett fuel spends per month at any Esso station in Singapore for all 2 months from the date of Card approval
What you need to know
- S$120 fuel savings is given in the form of cash rebate credited to the DBS Esso Card when Spend Criteria is met.
All Details
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DBS Esso Card Benefits 2024
For car owners who find it most convenient to refuel at Esso, the DBS Esso card offers the best upfront petrol discount in Singapore. Notable features of this card include the flexibility to earn Smiles Points on all shopping, dining, and other retail spends, which can be redeemed for free fuel. The best part is that DBS Esso cardholders can enjoy up to 23% fuel savings and up to 2.2% Smiles savings.
Additionally, there is a supplementary benefit for the many Singaporeans with POSB or DBS savings accounts (as the card is issued by DBS) — they can check their balance using the same online platform they use for Internet banking transactions.
*Note that the above mentioned promotions and rewards are accurate at the time of writing on 6 September 2024 and subject to change from time to time at DBS Bank's discretion.
Pros & Cons Of DBS Esso Card
Pros
- Up to 23% fuel savings
- 1 Base Smiles Points for every litre of Synergy fuel purchased at any Esso Station
- Access to the Esso Smiles Driver Rewards Programme as a Smiles member
- Enjoy up to 1.6% (normal tier), or 2.2% (bonus tier) fuel savings as a Smiles member
- Flexiblity of redeeming Smiles Points e.g. 300 and 750 Smiles Points for S$10 and S$30 worth of Synergy fuel respectively
Cons
- Lacks cashback benefits in other spending categories as it is a dedicated petrol discount credit card
- Fuel savings only limited to Esso petrol stations, unlike other cards that offer savings for spending at more than just one brand/type of petrol station
- Purchase of 250 litres of Synergy fuel per month is required to earn the 1.6% (normal tier), or 2.2% (bonus tier) fuel savings as a Smiles member
Compare DBS Esso Card vs. OCBC 365 Card vs. Standard Chartered Simply Cash Card
At the moment, some of the similar credit cards in the market (at the time of writing on 6 September 2024) which offer benefits that focus on cost-savings for fuel transactions like the DBS Esso Card include the OCBC 365 Card and Standard Chartered Simply Cash Card.
When comparing fuel discounts benefits, the DBS Esso Card and SCB Simply Cash Card are neck and neck, with their maximum fuel savings varying slightly i.e. up to 23% and up to 24.47% respectively. They cater to vehicle owners with different preferences to refuel at their preferred petrol stations, so if you’re one who is comfortable with sticking to Esso stations, the DBS Esso Card is for you. On the other hand, if you prefer Caltex, then perhaps the SCB Simply Cash Card will be apt.
In terms of cashback perks for a wider range/other spending categories, the OCBC 365 Card takes the cake as it gives you up to 6% cashback on fuel spend and 5% cashback on everyday dining, unlike the other two cards which do not offer such benefits.
In the nutshell, go for the DBS Esso Card if you really like the products, services and amenities that Esso stations offer you and your ride as you’ll be able to maximise your spending on fuel, plus opportunities to be rewarded with Smile Points at the same time.
Interest rate: 26.80%
Annual fee: $196.20 (first year waiver available)
Minimum annual income:
Fuel savings benefits:
Interest rate: 27.78%
Annual fee: $196.20 (waiver available)
Minimum annual income:
Fuel savings benefits:
Interest rate: 27.90%
Annual fee: $196.20 (first year waiver available)
Minimum annual income:
Fuel savings benefits:
Get Great Tips For Fuel Savings Here
DBS Esso Credit Card Application
Here are 3 simple steps to apply for the DBS Esso Credit Card
Apply via MoneySmart’s credit cards page
You may begin your application by clicking on our DBS Esso Credit Card application link.
When you choose to apply online or through the DBS mobile app and via SingPass MyInfo, DBS will pull your identity and income data from SingPass (which is already verified), thus cutting short the processing time. The approval-in-principle page will appear within minutes of submitting your MyInfo.
Provide all documentation required
You’ll need to provide all the necessary documentation in order for DBS to approve your credit card application. This list of documents include:
Receive your DBS Esso Credit Card
You’ll be able to activate your DBS Esso Card instantly through the DBS digibank mobile app, and enter a One-Time Password (OTP) after keying in your 6-digit Online Banking PIN to secure all your credit card transactions. Thereafter, it’s ready for you to use on any of your purchases and you can track your Smiles Points and credit card statements with your DBS digibank app!
Frequently Asked Questions About DBS Esso Card
Are there any fees if I apply for the DBS Esso Card?
- The DBS Esso Card charges an annual fee of $196.20 (first year waiver available) and other fees like late payment fee, minimum monthly payment, foreign currency transaction fee, cash advance transaction fee, overlimit fee.
Am I eligible for the DBS Esso Card?
- If you’re a Singapore Citizen, Permanent Resident (PR), you’re eligible to apply for the DBS Esso Card, as long as you’re aged 21 and above, and earn a minimum annual income of $30,000 (for Singaporeans and PRs) or $45,000 (for foreigners).