I don't spend very much so it's hard for me to meet the minimum spend to maximise my cashback on this card. But it's currently the best card for me since I'm using the DBS Multiplier account and I get extra interest when I spend on DBS credit cards.
Quite a useful card to use especially when you are about to go on holiday > book Airbnb / Agoda + Flights , make payment online, usually you'll hit the minimum $600 to maximise your cashback.
The 5+5 % cashback, accompanied by $50 sign up promo enticed me to sign this card up. As a young working adult, the minimum spend is a bit high and limiting as it only works for contactless payment and online. Nevertheless, the 10% is still enticing. But may stop using it as theyjust changed the terms and condition from 1st June onwards
When I first applied for this card, it was initially a points card where I could use the rewards points to redeem cheap thrills like movie tickets and restaurant vouchers. And it used to have a very long waiver period (think it was three or five years).
It was changed to a cashback card around a year or two ago. As I could never match the spending requirement of $600, its cashback was only sufficient to cover my card charges (because i exceeded the waiver period). The waiver period got much shorter (1 year only). Its visa debit is a better alternative for paywave.
Possible benefits? It's fuss-free to apply. DBS is likely to waive your annual credit charges if you are a current user of DBS services. Otherwise, there is better option out there. I have cancelled this card to apply for other DBS credit card.
The sign up for 5+5% with a 60 cashback cap was good. However they decided to cap each category at $20 which effectively drops the cashback to $40. Classic market share grab then reversal of promises. Very dishonest. I will be switching to BOC when the promotional terms expire.
The 5% cashback for all online and contactless charges with minimum $600 spend is attractive until they start implementing the $20 cashback cap for online and $20 cashback cap for contactless payment this year. This new terms will probably be their demise. With the increasing popularity of online spending, this card is going in the exact opposite direction. Well, there is always new credit cards coming up and I will probably keep this in the drawer when the new terms kick in,
The application process takes about 1-2 weeks to receive your card. It's useful if you bought large items as it's cashback is attractive. However, if there is no promotion, it is harder to get the cahsbacks.
Rating is for new cardholder. Probably won't last long without another change or promo. (E.g. 5% extra rebate with xxx spent)
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Fees and Charges for DBS Live Fresh Card
Annual Principle Fee: $128.40
Annual Supplementary Card fee: S$64.20 for each supplementary card.
Fee waiver: First year annual fee waiver
Interest Free Period: 20 days
Annual Interest Rate: At the prevailing effective interest rate of 25.90% p.a. subject to compounding; or 29.99% p.a. subject to compounding in the event that your account has three or more defaults~ and/or one default~ which remains unpaid for two or more consecutive months in the last 12 months.
Minimum monthly payment: The minimum payment amount due on a statement of account is 3% of the outstanding balance plus the total sum of any overdue minimum payment and late payment charges, and any amount exceeding your credit limit, or S$50. Whichever is greater.
Late payment charge: S$90 if the Minimum Payment specified in the Statement is not received by us by the Payment Date.
Cash advance fee: The fee for a cash advance is $5or 3% of the transaction, whichever is greater
Eligibility for DBS Live Fresh Card
21 years old and above
Income of S$30,000 and above per annum for Singaporeans and PR Income of S$45,000 and above per annum for foreigner
Key features of DBS Live Fresh Card
5% Cashback on Online Shopping and Visa payWave purchases (Apple Pay, Samsung Pay and Google Pay)
0.3% for all other spendings and expenses
Receive up to S$200 cashback for new customers
Terms and conditions of DBS Live Fresh Card
Cashback will not be awarded for the following:
payments made via AXS and SAM
payments to educational institutions
payments to government institutions and services (court cases, fines, bail and bonds, tax payment, postal services, parking lots and garages, intra-government purchases and any other government services not classified here)
payments to insurance companies (sales, underwriting and premiums)
payments to financial institutions (including banks and brokerages)
payments to non-profit organizations
payment or top-up of funds to payment service providers, prepaid accounts and any pre-paid accounts (e.g. EZ-Link, NETS FlashPay, Transit Link, Singtel Dash)
interest, finance charges, cash withdrawal, Cash Advance, balance transfer, smart card, bill payments via internet banking and all fees charged by DBS. ix. payments made via telephone or mail order
payments made via online banking
payments to hospitals, professional service providers and payment for parking lots
utility bill payments
payments made to CardUp
transactions related to betting (including casino levy payment, lottery tickets, casino gaming chips, offtrack betting, and wagers at race tracks)
transactions related to crypto currencies (effective 1 July 2018)
any other transactions determined by DBS from time to time.