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Credit Card

Bank Account

DBS

DBS Multiplier

DBS Live Fresh Card

POSB Everyday Card

Hi there, if you are opening a DBS multiplier account, you really should pair it with a credit card to earn the bonus interest. Between those two cards, it doesn't matter too much, but be aware that the cash backs are subjected to various limits and criteria, and the annual fee is also payable (although you should be able to waive it). An alternative is to consider a miles card like DBS Altitude where you can earn miles on your first dollar with no restriction and save them up for aspirational travel. Annual fee payment on a miles card will also earn you additional miles.

Credit Card

DBS

Yes, you can. If you include your bonus and AWS, it will usually be enough to allow you to qualify. Even if including it does not bring you past the threshold, banks are usually able to issue the card if they do not deem you a credit risk. It also helps if you have a POSB/DBS bank account. Having said that, I assume you are talking about the entry level cards where the requriement is $30000 annual salary.

DBS

Savings

Bank Account

Yinghua Liu
Yinghua Liu
Level 4. Prodigy
Updated 2w ago
1. You can open a DBS account online but to add a joint name to the account, you have to head down to the bank with the other person and his/her NRIC. 2. POSB Everyday Savings, DBS Multi currency account. 3. For account with less than min amount, fall below fees are as indicated in the link. https://www.dbs.com.sg/personal/support/bank-deposit-accounts-fall-below-fee.html

DBS

Credit Card

Hi, unforunately only the Altitude line of cards will earn DBS points that never expire. You may want to consider CitiPremier Miles as they also earn miles that never expire and have a wider range of transfer partners.

Credit Card

DBS

Junus Eu
Junus Eu
Top Contributor

Top Contributor (Jun)

Level 8. Wizard
Updated 4w ago
The most straighforward way would be to check with DBS to see why it was rejected. Based on the data points you provided, it might be the case that they want to see a full 12 months of income, and you are just shy of a month.

Credit Card

DBS

DBS Altitude Visa Signature Card

Miles

Elijah Lee
Elijah Lee
Top Contributor

Top Contributor (Jun)

Level 7. Grand Master
Answered on 16 Jun 2019
Certain DBS cards earn DBS points which do not expire. So if your card earns DBS points that do not expire, you can accumulate them till you have enough to get the award flight you want. If your card has an expiry date for DBS points, then they will expire one year from the quarterly period in which they were earned. Conversion wise both are the same. If your DBS points are about to expire, transferring them to Krisflyer or other frequent flyer programs will extend their lifespan by 3 years. You may consider saving up the points earned on Altitude for a big redemption. Altitude earns 3MPD on online flight and hotel transactions, so targeted spending on bonus categories like these can really bump up your point balance.

Savings

DBS

Lok Yang Teng
Lok Yang Teng
Level 6. Master
Updated on 14 Jun 2019
DBS BOYB is a one time bonus saving option which rewards you with 4% interet for 2 years. How it works: 1. You credit your salary into the DBS SAYE account 2. Do not touch the money in the SAYE account - 2% 3. Use POSB/DSB credit or debit card 5x a month - 2% DBS Multiplier is a high interest multiplier account with interest rate of 1.55 - 3.8%. Bonus interest rate is primarily given through amount of salary credited. By fulfilling some of the other requirements (credit card spending, home installement. investments and insurance), there will be smaller increments to the interest rate. It is best to take advantage of the high 4% interest rate from DBS BYOB first.

Investments

Regular Shares Savings Plans (RSS)

UOB

DBS

Online Brokerages

James Yeo
James Yeo, Founder at SmallCapAsia.com
Level 4. Prodigy
Updated on 11 Jun 2019
https://www.uob.com.sg/personal/invest/unit-trusts/regular-investment.page https://blog.moneysmart.sg/this-vs-that/posb-ocbc-poems-maybank-kim-eng-regular-savings-plans/ no min. $1000 for DBS. yes, generally can pause and stop investing without penalties. https://blog.seedly.sg/regular-shares-savings-rss-plan-faq/ In general i feel UOB's RISP not as strong as DBS and OCBC

Property

Loans

Interest Rates

DBS

Mortgage

John Ong Zhenxi
John Ong Zhenxi
Level 4. Prodigy
Updated on 07 Jun 2019
I am seeing 2 times a month for my case, in the middle of the month and month end. I just emailed to ask the bank. Lwt you know if they reply.

Investments

Stocks

Dividends

DBS

UOB

OCBC

Tan Wei Ming
Tan Wei Ming
Level 5. Genius
Answered on 02 Jun 2019
Hi, I am also looking into buying bank stocks too. I believe there is a correlation between bank stocks and US futures/US index. I always look at the futures to determine if it is the right time to buy. As US index closed lower so I expect the bank stocks to go down on Monday. I am looking at buying DBS and UOB. All three banks are good but I pick the ones that have higher dividend yield. DBS is giving $1.20/share for dividend from FY2018 onwards and UOB started giving $1.20 too after including the special dividend. I am looking at buying them at batches as I would expect that there is more room to drop.
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