Asked by Anonymous

I'm a fresh graduate with $1950 take-home salary. I'm interested in applying for DBS Multiplier, but any advice on what credit card I should apply for?

Hi guys. I'd like to sign up for DBS Multiplier, and I currently have a POSB Passbook Savings account and Debit Card. For their "credit card spend" transaction category, 1) Are transactions via my POSB Savings account / Debit Card counted? 2) If they aren't and I have to own a Credit Card, which card would you recommend given my low income level? Ideally with low annual fees / min spend.

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  • Gabriel Lee
    Gabriel Lee
    Level 6. Master
    Answered on 16 Oct 2018

    I think all of the credit cards offered by DBS/POSB requires a minimum income of $30,000 per annum. Maybe you can consider the CIMB AWSM Credit Card. It has no annual fees and gives you 1% cashback on Dining & Entertainment, Telecommunications (Starhub/M1/Singtel/Circles.Life) and Online Shopping. If you sign up before 31 December, you can get a free Wave House Sentosa 1 hour FlowRider (worth S$40) and $30 credit if you spend at least $100 within 2 months from the date of your card activation. Check out the CIMB Awesome (AWSM) Credit Card here - https://www.cimbbank.com.sg/en/personal/products/cards/credit-cards/cimb-awsm-card.html

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  • Nicholes Wong
    Nicholes Wong, Diploma in Business Management at Nanyang Polytechnic
    Top Contributor

    Top Contributor (Mar)

    Level 6. Master
    Answered on 16 Oct 2018

    1) You have to spend with your credit card.

    2) I dont remember DBS/POSB having any credit card annual income requirement below $30k except the student card.

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