DBS Takashimaya American Express Card
DBS Takashimaya American Express Card
- 2 Taka Bonus Points
- for every S$10 spend at Takashimaya
- S$4
- CashCard top-up when you spend $400 at Taka
- 10%
- Additional Discount during Sale Events at Takashimaya
Are you eligible?
- Spend a minimum of S$250 within first month from Card approval date
What you need to know
- Qualifying Spend is based on transaction(s) posted at the following:
- Takashimaya Department Store Singapore
- Takashimaya Online Store Singapore
- Participating Specialty Stores in Takashimaya Shopping Centre Singapore. Refer here for the latest participating stores.
All Details
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DBS Takashimaya American Express Card Benefits 2024
Tailored specifically for frequent Takashimaya shoppers, the DBS Takashimaya AMEX Card lets you rack up Takashimaya points with every purchase, which can then be redeemed for rebate vouchers.
On top of that, you’ll enjoy perks like annual fee waivers, exclusive discounts on Takashimaya Card Days, special promotions, and parking top-ups. Aside from AMEX, there are Visa and debit versions available as well.
Now, let's dive into the key details, including the requirements, pros, cons, and other important factors to consider if you're evaluating this card alongside other rewards credit cards.
Pros & Cons Of DBS Takashimaya AMEX Card
Pros
- 2 Takashimaya Bonus Points for every S$10 spend at Takashimaya
- Additional 10% off during selected sale events at Takashimaya Department Store
- $4 top-up to your CashCard for parking when you charge at least S$400 to your DBS Takashimaya Platinum AMEX Card at any Takashimaya department stores
- 2% voucher rebates at the Takashimaya Shopping Centre (Earn 2 Takashimaya Bonus Points with every S$30 charged)
- 6% voucher rebates in Takashimaya department stores (Earn 2 Takashimaya Bonus Points with every S$10 charged)
- Waiver of annual fee available
- Get a $30 Takashimaya Voucher with 100 points ($500 spend)
- Flexibility to convert your Takashimaya Bonus Points to vouchers or other rewards via the Takashimaya app
Cons
- A minimum annual spend of S$25,000 is required to waive the annual fee for the 2nd year and subsequent years
- A 1 redemption per day limit applies to the S$4 top-up benefit to your CashCard for parking
- Rewards benefits and voucher rebates awarded are only for spending at Takashimaya department stores or the Takashimaya Shopping Centre
Compare DBS Takashimaya AMEX Card vs. Citi Rewards Credit Card vs. HSBC Revolution Card
As compared to the Citi Rewards Card and HSBC Revolution Card, the DBS Takashimaya AMEX Card is not as generous with its rewards points.
As of now, it gives you 2 Takashimaya Bonus Points for every S$10 spent at Takashimaya, unlike the Citi Rewards Card which gives you 10X reward Points for every S$1 spent on online and shopping purchases. The HSBC Revolution Card which awards up to 10X rewards points for every S$1 spent online or via contactless payments — both much higher than what the DBS Takashimaya AMEX Card offers.
In terms of interest rates, both the Citi Rewards Card and HSBC Revolution Card charges 26.90% p.a., as compared to the DBS Takashimaya AMEX Card at 25.90% p.a.
In a nutshell, the DBS Takashimaya AMEX Card is great for spenders who like to shop at Takashimaya department stores and know how to maximise the 2 Takashimaya Bonus Points for every S$10 spend at Takashimaya, up to 6% voucher rebates and vouchers for dining, shopping, and lifestyle options at the Takashimaya Shopping Centre.
Interest rate: 25.90%
Annual fee: $196.20 (waiver available)
Minimum annual income:
Rewards benefits:
Interest rate: 26.90%
Annual fee: $196.20 (incl. 9% GST, waiver available)
Minimum annual income:
Rewards benefits:
Interest rate: 26.90%
Annual fee: None
Minimum annual income:
Rewards benefits:
Compare The Best Rewards Credit Cards In Our Blog Review!
DBS Takashimaya AMEX Card Application
Here are 3 simple steps to apply for the DBS Takashimaya AMEX Card
Apply via MoneySmart’s credit cards page
You may begin your application by clicking on our DBS Takashimaya AMEX 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 Takashimaya AMEX Card
You’ll be able to activate your DBS Takashimaya AMEX 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 Takashimaya AMEX Card
Are there any fees if I apply for the DBS Takashimaya AMEX Card?
- The DBS Takashimaya AMEX Card charges an annual fee of $196.20 (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 Takashimaya AMEX Card?
- If you’re a Singapore Citizen, Permanent Resident (PR), you’re eligible to apply for the DBS Takashimaya AMEX 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).