Do both of us (couple) need to apply for DBS credit card for both of us to earn DBS multiplier interest?
Me and my wife just recently open a DBS multiplier account. We are planning to open a joint account to credit our salary. But do both of us have to get DBS credit card also? Or do one of us have DBS credit card is enough to earn interest for both of us?
DBS multiplier is an individual account. Most likely if only you have DBS credit card, only your DBS multiplier will get the additional interest. Both of you can just apply for 1 credit card and spend $1 if you don't like to use the credit card which will make both of your DBS Multiplier accounts be eligible for card spending category. You can also do the SSB ladder and set the joint account as the CDP dividends account which will give another investment category for both Multiplier account.
SSB Ladder - https://kpo-and-czm.blogspot.com/2018/04/dbs-mu...
Change CDP dividends account - https://www.dbs.com.sg/personal/deposits/bank-w...
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DBS Multiplier Account
Up to 3.8% p.a.
MIN. INITIAL DEPOSIT
MIN. AVG DAILY BALANCE