DBS Live Fresh Student Card
DBS Live Fresh Student Card
- 0.3% Cashback
- on All Other Spend
- Additional 5% Cashback
- on selected Eco-Retailers
- S$500
- Spending Cap
All Details
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DBS Live Fresh Student Card Benefits 2024
The DBS Live Fresh Student Card has been a popular choice among Singaporean students for years due to its student-friendly features. Offering five years of annual fee waivers, no minimum spending requirements, and an attractive 5% cashback on contactless payments, public transport, and popular services like McDelivery and Netflix, it's a compelling option for young cardholders.
Let's dive deeper into the card's details, requirements, and benefits to help you decide if it's the right fit for your financial needs as a student.
Pros & Cons Of DBS Live Fresh Student Card
Pros
- Up to 5% cashback on purchases with Golden Village, McDonald’s, McDelivery, Netflix, Spotify and Starbucks
- 0.3% unlimited base cashback on all spending
- Bonus 5% Green Cashback on selected eco-eateries, retailers and transport services
- No minimum spend required
- Annual fee waiver available for 5 years
- Access to Fresh Deals — exclusively for DBS Live Fresh Student 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 credit limit of $500
- Only available to those who are 21 to 27 years old and enrolled in either NUS, NTU, SIM, SIT, SMU, SUSS, SUTD, Nanyang Polytechnic, Ngee Ann Polytechnic, Temasek Polytechnic, Singapore Polytechnic or Republic Polytechnic
Compare DBS Live Fresh Student 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 7 August 2024) which target the same demographic as the DBS Live Fresh Student Card include the UOB EVOL Card and OCBC FRANK Card.
When comparing the cashback benefits, the DBS Live Fresh Student Card gives you up to 10% cashback for your spending i.e. 5% on selected spending categories + 5% additional cashback on green retailers, and transport services, which is on par with the maximum cashback of the UOB EVOL Card and OCBC FRANK Card.
However, only the DBS Live Fresh Student Card does not require a minimum spend to enjoy up to 10% cashback perks, unlike the other two credit cards which needs you to spend a minimum of $800 to qualify for the maximum cashback benefits.
In terms of cashback cap, 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. These are much more than DBS Live Fresh Student Card’s monthly cap limits of $15 on eligible sustainable spend, $15 on eligible merchant spend and $20 on all other spending categories.
As for interest rates, they do not differ much for all three cards, with DBS Live Fresh Student Card and UOB EVOL Card charging the same rate, while the OCBC FRANK Card’s rate has the lowest rate.
Interest rate: 27.80%
Annual fee: $196.20 (first 5 years 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 year waiver available)
Minimum annual income:
Cashback benefits:
Compare & Find The Best Cashback Cards Here!
DBS Live Fresh Student Card Application
Here are 3 simple steps to apply for the DBS Live Fresh Student Card
Apply via MoneySmart’s credit cards page
You may begin your application by clicking on our DBS Live Fresh Student 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 Student Card
You’ll be able to activate your DBS Live Fresh Student 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 About DBS Live Fresh Student Card
Are there any fees if I apply for the DBS Live Fresh Student Card?
- The DBS Live Fresh Student Card charges an annual fee of $196.20 (first 5 years 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 Student Card?
- If you’re a Singapore Citizen, Permanent Resident (PR), you’re eligible to apply for the DBS Live Fresh Student Card, as long as you’re aged between 21 to 27 years old and enrolled in either NUS, NTU, SIM, SIT, SMU, SUSS, SUTD, Nanyang Polytechnic, Ngee Ann Polytechnic, Temasek Polytechnic, Singapore Polytechnic or Republic Polytechnic.