SAFRA DBS Card
SAFRA DBS Card
- 3% Cash Rebate
- on Local MasterCard contactless transactions
- 3% Cash Rebate
- on Online Transactions
- S$1 = 1 SAFRA Point
- Spend to SAFRA Points Conversion
All Details
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DBS SAFRA Card Benefits 2024
Beyond these perks, the DBS SAFRA Card also provides other advantages, including annual fee waivers and various promotions tailored for SAFRA members.
Let’s explore the details, including the card’s requirements, pros, cons, and other relevant factors to consider as you evaluate this card alongside other similar options.
Pros & Cons
Pros
- Up to 3% cash rebate on your local Mastercard contactless transactions (including bus/train rides via SimplyGo)
- 3% cash rebate on online transactions
- 0.3% cash rebate on all other retail transactions
- Exclusive access to 7 SAFRA Clubhouses islandwide: enjoy access to club facilities including swimming pools, gyms, and entertainment facilities
- Every S$1 spent at participating outlets and facilities at SAFRA earns you SAFRA$1, on top of the SAFRA DBS Card cash rebates
- Enjoy SAFRA member privileges with exclusive benefits at over 1,800 merchants
- Redeem SAFRA$ as cash credits via the DBS digibank app, to offset your credit card bill
- Redeem SAFRA$ as KrisFlyer miles, in blocks of 10,000 KrisFlyer miles. Every SAFRA$245 can be converted to 10,000 KrisFlyer miles (equivalent to 40 KrisFlyer miles per SAFRA$)
Cons
- Cash rebates can only be earned as SAFRA$, and every SAFRA$1 earned is equivalent to S$1 at participating outlets and facilities at SAFRA clubhouses
- Rewards benefits are only applicable to offset purchases at all SAFRA Clubhouses and their participating merchants, unlike other cards which can be used to offset purchases at a wider range of retailers or shopping malls
- An administrative fee of S$27.25 applies for each conversion of SAFRA$ for KrisFlyer miles
Compare DBS SAFRA Card vs. HSBC Revolution Card vs. SCB Smart Credit Card
When compared to the Standard Chartered Smart Credit Card and HSBC Revolution Card, the DBS SAFRA Card seems to be quite generous with its rewards points.
Every SAFRA$245 can be converted to 10,000 KrisFlyer miles (which means 40 KrisFlyer miles per SAFRA$1), unlike the SCB Smart Credit Card which gives you 1.6 reward Points for every S$1 spent (3,500 points for 1,015 miles, which mean 3.5 miles per SCB reward point), and the HSBC Revolution Card which awards up to 10X rewards points for every S$1 spent online or via contactless payments — both much higher than what the DBS SAFRA card offers.
In terms of interest rates, the DBS SAFRA Card offers a pretty reasonable rate of 27.80% which is lower than the SCB Smart Credit Card’s maximum rate (subject to the bank’s assessment of your credit profile), but higher than HSBC Revolution Card’s fixed rate. As for annual fees, you'll save most with the SCB Smart Card and HSBC Revolution Card as they do not charge any annual fees.
In a nutshell, the DBS SAFRA Card is suitable for you if you can maximise the benefits for this card including the SAFRA member privileges with exclusive benefits at over 1,800 merchants, flexibility to redeem SAFRA$ as cash credits or KrisFlyer miles, plus the other relevant perks.
Content is accurate at the time of posting.
- Interest rate: 27.80%
- Annual fee: No fee charged as long as you remain a SAFRA member. SAFRA membership fee (from $87.20 for a 2-year membership) applies.
- Minimum annual income:
- $30,000 for Singaporeans and PRs
- $45,000 for foreigners
- Rewards benefits:
- Up to 3% cash rebate on your local Mastercard contactless transactions (including bus/train rides via SimplyGo)
- 3% cash rebate on online transactions
- 0.3% cash rebate on all other retail transactions
- Access to 7 SAFRA Clubhouses and complimentary facilities islandwide
- Earn SAFRA$1 for every S$1 spent at participating outlets and facilities at SAFRA, on top of the SAFRA DBS Card cash rebates
- Get SAFRA member privileges with exclusive benefits at over 1,800 merchants
- Convenience of redeeming SAFRA$ as cash credits via the DBS digibank app, to offset your credit card bill
- Redeem SAFRA$ as KrisFlyer miles, in blocks of 10,000 KrisFlyer miles. Every SAFRA$245 can be converted to 10,000 KrisFlyer miles (equivalent to 40 KrisFlyer miles per SAFRA$)
- Interest rate: 23.90% to 29.90%
- Annual fee: None
- Minimum annual income:
- $30,000 for Singaporeans and PRs
- $60,000 for foreigners
- Air miles/Cashback benefits:
- 6% cashback on your everyday spend at selected merchants across fast food dining, coffee and toast, digital subscriptions, and transportation
- For every $1 spent, you’ll be rewarded with 1 Standard Chartered 360° Rewards Point; 1 360° Rewards Point is equivalent to about 4.4 KrisFlyer miles after being converted
- 1.6 SCB 360° Rewards Points for every S$1 spent (equivalent to 16 points for every S$10 spent)
- No minimum spend requirement
- Interest rate: 26.90%
- Annual fee: None
- Minimum annual income:
- $30,000 for Singaporeans and PRs
- $40,000 for foreigners
- Rewards benefits:
- 10X rewards points (equivalent to 4 air miles or 2.5% Cashback) for every S$1 spent online or via contactless payments
- 1X reward point for every $1 spent on all other categories
- Up to 21.15% fuel savings at Caltex and Shell
- Complimentary access to ENTERTAINER with HSBC app, with over 1,000 1-for-1 deals on dining, lifestyle, and travel worldwide
- Cap of 10,000 rewards points per calendar month on eligible purchases
- HSBC Reward points awarded are valid for 3 years and 1 month from the date of opening of the credit card account
- No minimum spend requirement
Compare Your Preferred Rewards Credit Cards at MoneySmart
Frequently Asked Questions
Are there any fees if I apply for the DBS SAFRA Card?
- The DBS SAFRA Card has no annual fee if you're an active SAFRA member (membership starts at S$87.20 for 2 years). However, it charges 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 SAFRA Card?
- If you’re a Singapore Citizen, Permanent Resident (PR), you’re eligible to apply for the DBS SAFRA 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).