DBS yuu American Express® Card
DBS yuu American Express® Card
- S$1 = 10X yuu Points
- at yuu merchants, with no min. spend and no cap
- Additional bonus 26X yuu Points
- when you spend S$600 Qualifying Spend at yuu merchants in a calendar month
- S$1 = 1X yuu Point
- on all other spend
Existing Cardmembers can get S$60 cashback when you successfully apply for a DBS yuu American Express Card and make a min. spend of S$300 within 30 days of card approval. T&Cs apply.
Are you eligible?
- New Cardmembers need to spend a min. of S$800 within 60 days of card approval.
- Existing Cardmembers need to spend a min. of S$300 within 30 days of card approval.
What you need to know
- Use promo code 150CASH during application to qualify for the $150 cash promo for New Cardmembers
- New Cardmembers are defined as customers who are currently not holding on to any Principal DBS/POSB Credit Card and
- have not cancelled any Principal DBS/POSB Credit Card within the last 12 months.
- Existing Cardmembers (“Existing Cardmembers”) are defined as customers who currently have a DBS/POSB Credit Card or
- have cancelled a DBS/POSB Credit Card within the last 12 months.
All Details
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DBS yuu American Express Card Benefits 2024
The DBS yuu American Express (AMEX) Card is among the more popular rewards card offering one of the most generous multi-brand rewards programs in Singapore and the potential to earn up to 36X yuu Points on your daily spending across various categories like groceries, dining, health and beauty, and telco.
While similar to the DBS yuu Visa Card, the DBS yuu AMEX Card might be more appealing to those who prioritize exclusive privileges and travel benefits.
Before deciding if the DBS yuu AMEX Card is right for you, let's delve into the key requirements, pros, cons, and other relevant details.
Pros & Cons Of DBS yuu AMEX Card
Pros
- 5% cash rebates (equivalent to 10X yuu Points) at over 1,000 participating yuu merchants
- Bonus 13% cash rebates (equivalent to 26X yuu Points) on your yuu merchant spend
- No minimum spend required
- 1 yuu point is awarded per $1 spent on all other spending
- Seamless payments with Touch 'n Go E-wallet in Malaysia
- Convenience of payments for Electric Vehicle (EV) charging services to 14 charging companies across Singapore
- Access to greater savings worth up to S$750 on hotel bookings, online shopping and more
Cons
- Interest rate of 27.80%, which is higher than other rewards credit cards in the market
- A minimum spending of S$800 is required to get the $160 cashback and 5% cash rebates
- A minimum total spending of S$600 per month required to qualify for the bonus 13% cash rebates
Compare DBS yuu AMEX Card vs. SCB Smart Credit Card vs. Citi Cash Back+ Card
The DBS yuu AMEX Card offers greater flexibility in earning rewards points compared to the Standard Chartered Smart Credit Card and Citi Cash Back+ Card. Unlike the SCB Smart Credit Card, which has a monthly cap of 14,400 reward points, the DBS yuu AMEX Card provides unlimited earning potential, allowing you to maximize your rewards without restrictions. Additionally, its potential cashback rate of up to 18% surpasses the other two cards.
When it comes to interest rates, the Standard Chartered Smart Credit Card charges the highest rates, reaching up to 29.90% p.a. However, it's the only card among the three that doesn't charge annual fees. The DBS yuu AMEX Card and Citi Cash Back+ Card have lower interest rates but charge annual fees.
In a nutshell, the DBS yuu AMEX Card is an ideal choice for consistent spenders who can maximise its 36X yuu points (up to 18% cashback) at over 1,000 participating merchants, plus network-specific (AMEX and not Visa in this case) discounts on travel bookings, access to airport lounges, and special promotions from various merchants.
Interest rate: 27.80%
Annual fee: $196.20 for Year 1 (First year waiver available)
Minimum annual income:
Cash back benefits:
Interest rate: 23.90% to 29.90%
Annual fee: None
Minimum annual income:
Cash back benefits:
Interest rate: 27.90%
Annual fee: $196.20 for Year 1 (First year waiver available)
Minimum annual income:
Cash back benefits:
DBS yuu AMEX Card Application
Here are 3 simple steps to apply for the DBS yuu AMEX Card
Apply via MoneySmart’s Credit Cards page
You may begin your application by clicking on our DBS yuu AMEX Card application link.
When you choose to apply online via DBS’ website using SingPass MyInfo, DBS will pull your identity and income data from SingPass (which is already verified), thus reducing 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:
Activate your DBS yuu AMEX Card
You’ll be able to activate your DBS yuu AMEX card through the DBS yuu App, link your card to your yuu account, scan your yuu ID using the yuu App to earn yuu points and pay cashless and conveniently at over 1,000 participating yuu merchants.
Frequently Asked Questions About DBS yuu AMEX Card
Are there any fees if I apply for the DBS yuu AMEX Card?
- DBS charges an annual fee of $196.20 if you are a DBS yuu AMEX Cardholder. A fee waiver is available only for the first year, plus there are other fees like cash withdrawal fees or cash advance transaction fees, late payment fee, minimum monthly payment, foreign currency transaction fee, and overlimit fee.
Am I eligible for the DBS yuu AMEX Card?
- If you’re a Singapore Citizen, Permanent Resident (PR) or foreigner with a valid Singapore Employment Pass, you’re eligible to apply for the DBS yuu AMEX Card, as long as you’re aged between 21 and above, and earn a minimum annual income of $30,000 (for Singaporeans and PRs), or $45,000 (for foreigners).