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DBS Live Fresh Card
DBS Live Fresh Card
- S$100
- Minimum Amount
- 0%
- Processing Fee
- 3 to 24 months
- Tenure
Are you eligible?
- Valid for New Cardmembers only.
- Spend a minimum of S$800 within 60 days from the date of Card approval.
- Apply within the Promotion Period and approved by 14 October 2024
What you need to know
- Apply for the DBS Live Fresh Card online with promo code “150CASH”
- S$150 cashback from DBS will be credited to the Card Account within 3 to 5 months
All Details
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DBS Live Fresh Card Benefits 2024
It offers perks such as annual fee waivers, no minimum spending or income requirements, and an appealing 6% cashback on contactless payments, public buses and train fares, McDelivery, Netflix, and other services.
Let's take a closer look at the requirements, pros and cons and other relevant details of the DBS Live Fresh card before you make a decision to get it.
Pros & Cons
Pros
- Up to 6% cashback on online and mobile contactless spend
- 0.3% unlimited base cashback on all spending
- Bonus 5% Green Cashback on selected eco-eateries, retailers and transport services
- Annual fee waiver available for 5 years
- Access to Fresh Deals — exclusively for DBS Live Fresh cardholders which includes entertainment, shopping, dining and travel deals
Cons
- Interest rate of 27.80%, which is higher than other cashback credit cards in the market
- A minimum spending of S$800 is required to earn up to 6% cashback
- S$70 cashback cap per month (cashback is capped at S$50 on eligible Shopping spend and S$20 on eligible Transport spend for each calendar month)
- Only available to those who are aged 21 - 27 years old
Compare DBS Live Fresh Card vs. UOB EVOL Card vs. OCBC FRANK Card
At the moment, some of the similar credit cards in the market (at the time of writing on 24 July 2024) which target the same demographic as the DBS Live Fresh Card include the UOB EVOL Card and OCBC FRANK Card.
In terms of cashback benefits, the DBS Live Fresh Card gives you up to 13% cashback for your spending i.e. 8% + 5% additional cashback, which is higher than the maximum cashback of the UOB EVOL Card and OCBC FRANK Card. Currently, all three credit cards require you to hit the minimum spend of $800 to qualify for the maximum cashback benefits.
However, the UOB EVOL Card and OCBC FRANK Card gives you more flexibility due to their higher cashback cap per month, which are $80 cashback cap and $100 cashback cap respectively.
When it comes to interest rates, the DBS Live Fresh Card and UOB EVOL Card are on par, while the OCBC FRANK Card’s rate is the lowest. As for annual fees, DBS Live Fresh Card offers an annual fee waiver available for 5 years — the best among all three cards, as the other two cards have higher spending requirements for the annual fee waivers.
Interest rate: 27.80%
Annual fee: $196.20 (first year waiver available)
Minimum annual income:
Cashback benefits:
Interest rate: 27.80%
Annual fee: $196.20 (first year waiver available)
Minimum annual income:
Cashback benefits:
Interest rate: 27.78%
Annual fee: $196.20 (first 2 years waiver available)
Minimum annual income:
Cashback benefits:
Find Out More About The Best Cashback Cards Here!
DBS Live Fresh Card Application
Here are 3 simple steps to apply for the DBS Live Fresh Card
Apply via MoneySmart’s credit cards page
You may begin your application by clicking on our DBS Live Fresh Card application link.
When you choose to apply online 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 Live Fresh Card
You’ll be able to activate your DBS Live Fresh Card 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 cashback rewards and credit card statements with your DBS digibank app!
Frequently Asked Questions
Are there any fees if I apply for the DBS Live Fresh Card?
- The DBS Live Fresh 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 Live Fresh Card?
- If you’re a Singapore Citizen, Permanent Resident (PR), you’re eligible to apply for the DBS Woman’s World Card, as long as you’re aged between 21 - 27 years old, and earn a minimum annual income of $30,000 (for Singaporeans and PRs) or $45,000 (for foreigners).