If you’re looking for a credit card that offers cashback rewards on your everyday spending, then the DBS Live Fresh Card might be worth considering. This all-in-one card allows you to use the same card for your bus and train rides, ATM withdrawals, and even ride-hailing services. Plus, you can enjoy a 1-year annual fee waiver and earn up to 5% cashback on your transport spend with a minimum spend of S$600 per calendar month for the first 180 days from Card Approval Date.
In addition to its transport cashback rewards, the DBS Live Fresh Card is also eco-friendly, earning up to 10% cashback on your favourite eco-merchants and more. With this card, you can turn your everyday spend into effortless cashback, all while supporting environmentally-friendly businesses. But is the DBS Live Fresh Card the right choice for you? Read on to find out more about its key features, how to apply, and how to maximise its benefits.
Key Takeaways
- The DBS Live Fresh Card offers up to 5% cashback on transport spend and up to 10% cashback on eco-merchants.
- To apply for the card, you’ll need to meet certain eligibility criteria and provide the required documents.
- Maximise the benefits of the DBS Live Fresh Card by understanding the fine print, taking advantage of lifestyle perks and privileges, and using it for your everyday spending.
Key Features of DBS Live Fresh Card
If you’re looking for a credit card that is eco-friendly and offers great rewards and cashback, the DBS Live Fresh Card might be the perfect fit for you. Here are some of its key features:
Eco-Friendly Aspects
The DBS Live Fresh Card is Singapore’s first-ever eco-friendly recycled card, made from 85.5% recycled plastic. By using this card, you can help reduce plastic waste and contribute towards a more sustainable future.
Rewards and Cashback
With the DBS Live Fresh Card, you can enjoy up to 10% cashback on your spending. Get up to 5% cashback on contactless and online spend, and an additional 5% green cashback on selected eco-eateries, retailers and transport services. Plus, you can also earn 0.3% cashback on all other spend.
Online and Contactless Spend Benefits
The DBS Live Fresh Card offers great benefits for online and contactless spending. You can get 5% cashback on online and Visa contactless spend, and FavePay counts as an online transaction if used at retail outlets. Visa contactless transactions are those made through a contactless terminal via the Card or mobile wallets on Apple Pay, Samsung Pay, Google Pay.
Overall, the DBS Live Fresh Card is a great option if you’re looking for an eco-friendly credit card that offers great rewards and benefits for online and contactless spending.
Applying for the DBS Live Fresh Card
If you’re looking for a credit card that rewards you for your online shopping and contactless payments, then the DBS Live Fresh Card might be the perfect fit for you. Here’s what you need to know about applying for the card.
Eligibility Criteria
Before you apply for the DBS Live Fresh Card, you need to make sure that you meet the eligibility criteria. To be eligible for the card, you need to be at least 21 years old and have a minimum income of £30,000 per year. Additionally, you need to be a Singaporean citizen or a permanent resident.
Application Process
Applying for the DBS Live Fresh Card is a simple and straightforward process. You can apply for the card online, and the application process should take no more than 15 minutes. Here’s what you need to do:
- Visit the DBS website and navigate to the Live Fresh Card application page.
- Fill in your personal details, including your name, address, and contact information.
- Provide your employment details, including your current job and income.
- Upload the necessary documents, such as your NRIC or passport, and your latest payslip.
- Review your application and submit it.
Once you’ve submitted your application, you should receive a response within a few working days. If your application is approved, you’ll receive your DBS Live Fresh Card in the mail within a few weeks.
So, if you’re looking for a credit card that rewards you for your online shopping and contactless payments, the DBS Live Fresh Card might be the perfect fit for you. Just make sure you meet the eligibility criteria and follow the simple application process, and you’ll be on your way to earning cashback on your purchases in no time.
Maximising Benefits
When it comes to the DBS Live Fresh Card, there are a few things you can do to maximise your benefits and get the most out of your card. Here are some tips to help you make the most of your DBS Live Fresh Card.
Meeting the Minimum Spend
To qualify for the 5% cashback on contactless and online spend, you need to meet the minimum spend requirement of $600 per month. This means you need to spend at least $600 in a calendar month to earn the full 5% cashback. If you don’t meet the minimum spend requirement, you will only earn 0.3% cashback on all your spend.
One way to meet the minimum spend requirement is to use your DBS Live Fresh Card for all your daily expenses, such as groceries, dining, and transport. You can also use your card for big-ticket items, such as electronics or travel, to help you reach the minimum spend requirement.
Understanding the Cashback Cap
While the DBS Live Fresh Card offers up to 10% cashback, there is a cashback cap of $60 per calendar month. This means that once you have earned $60 in cashback, you will not earn any more cashback for the rest of the month.
To maximise your cashback, you should aim to hit the cashback cap every month. This means you need to spend at least $1,200 per month on contactless and online spend to earn the full $60 cashback. You can also earn bonus cashback by using your card at selected eco-eateries, retailers, and transport services.
In conclusion, to get the most out of your DBS Live Fresh Card, you need to meet the minimum monthly spend requirement and understand the cashback cap. By doing so, you can earn up to 10% cashback on your favourite eco-merchants and more.
Lifestyle Perks and Privileges
As a DBS Live Fresh Cardholder, you get to enjoy a range of lifestyle perks and privileges that cater to your dining, entertainment, travel, and overseas spending needs. Here are some of the benefits you can look forward to:
Dining and Entertainment
DBS Live Fresh Card offers a 5% cash rebate on online and contactless dining and entertainment spend. This means that you can enjoy your favourite meals and entertainment activities while earning cashback at the same time.
In addition to the cash rebate, you also get to enjoy exclusive dining privileges at selected restaurants. For instance, you can enjoy up to 50% off your total bill at participating restaurants in Singapore.
Travel and Overseas Spending
If you’re planning to travel overseas, DBS Live Fresh Card has got you covered. You can earn up to 5% cashback on your overseas spend, including overseas online shopping. This means that you can shop to your heart’s content while earning cashback at the same time.
Moreover, you can enjoy exclusive privileges such as discounts on airport limousine transfers, complimentary travel insurance, and more.
Overall, DBS Live Fresh Card offers a range of lifestyle perks and privileges that cater to your dining, entertainment, travel, and overseas spending needs. With its generous cash rebates and exclusive privileges, this card is definitely worth considering if you’re looking for a card that offers great value for your money.
Understanding the Fine Print
When it comes to credit cards, understanding the fine print is crucial. The DBS Live Fresh Card is no exception, and it’s important to know what fees and charges you may incur and what terms and exclusions apply.
Fees and Charges
The DBS Live Fresh Card comes with a first-year annual fee waiver, which means you won’t have to pay anything for the first year. After that, the annual fee is $128. However, if you spend at least $12,000 per year, the annual fee will be waived for the following year.
If you carry a balance on your card, you’ll be charged an interest rate of 26.8% p.a. This rate is on the high side, so it’s important to pay off your balance in full each month to avoid finance charges.
If you use your card for foreign currency transactions, you’ll be charged a fee of 3.25% of the transaction amount. This is standard for most credit cards, but it’s something to keep in mind if you plan on using your card overseas.
Terms and Exclusions
There are certain terms and exclusions that apply to the DBS Live Fresh Card. For example, to qualify for the cashback rewards, you’ll need to spend at least $600 per month. Additionally, the cashback rewards are capped at $60 per month.
There are also certain exclusions to the cashback rewards. For example, you won’t earn cashback on transactions related to insurance, education, government services, and more. It’s important to read the terms and conditions carefully to understand what transactions are eligible for cashback rewards.
Overall, the DBS Live Fresh Card is a great option for those looking for a cashback credit card. Just be sure to understand the fees and charges, as well as the terms and exclusions, before you apply.
Frequently Asked Questions
What fabulous benefits can one enjoy with the DBS Live Fresh Card?
The DBS Live Fresh Card offers a range of benefits that are tailored to the needs of millennials and Gen Z. You can receive up to 5% cashback on online and Visa contactless spend, and an additional 5% Green Cashback on selected Eco-Eateries, Retailers and Transport Services. The card also offers 0.3% Cashback on All Other Spend, making it a great all-rounder.
How can I snag an annual fee waiver for my DBS Live Fresh Card?
You can enjoy a first-year annual fee waiver with the DBS Live Fresh Card. To continue enjoying this benefit, you must spend at least $12,000 per year on your card. If you are unable to meet this requirement, an annual fee of $128.40 will apply.
What’s the minimum spend required to unlock the perks of the DBS Live Fresh Card?
There is no minimum spend required to unlock the perks of the DBS Live Fresh Card. However, to enjoy the maximum cashback of 5%, you must spend at least $600 per month on online and Visa contactless spend. If you spend less than this amount, you will still receive cashback, but at a lower rate.
Could you enlighten me on how the cashback system operates for the DBS Live Fresh Card?
The cashback system for the DBS Live Fresh Card is straightforward. You will receive cashback on eligible transactions made with your card. The cashback will be credited to your account by the end of the following month. There is no limit to the amount of cashback you can earn, and it never expires.
Is the DBS Live Fresh Card the ultimate choice for online shopping aficionados in Singapore?
The DBS Live Fresh Card is a great choice for online shopping aficionados in Singapore. With up to 5% cashback on online spend, you can save money while shopping for your favourite items. The card also offers an additional 5% Green Cashback on selected Eco-Eateries, Retailers and Transport Services, making it an eco-friendly choice for those who care about the environment.
Are there any special terms and conditions I should be aware of before diving into the DBS Live Fresh Card experience?
Yes, there are some special terms and conditions you should be aware of before diving into the DBS Live Fresh Card experience. For example, to be eligible for cashback, you must make a minimum of 5 transactions per month. Also, cashback is not awarded on transactions such as cash advances, balance transfers, and instalment payment plans. It’s always a good idea to read the fine print before signing up for any credit card.