If you’re looking for a credit card that rewards you for your spending, the DBS Live Fresh Card is a great option to consider. This cashback credit card offers up to 10% cashback on your spending, with 5% cashback on online and Visa contactless spend, and an additional 5% Green Cashback on selected eco-eateries, retailers, and transport services. Plus, you’ll earn 0.3% cashback on all other spend.
The DBS Live Fresh Card is Singapore’s first-ever eco-friendly recycled card, made from 85.5% recycled plastic. Not only will you be rewarded for your spending, but you’ll also be doing your part to help the environment. With this card, you can enjoy cashback on a wide range of spending, including dining, shopping, and transportation. Keep reading to learn more about the features of the DBS Live Fresh Card and how you can maximise your rewards.
Key Takeaways
- The DBS Live Fresh Card offers up to 10% cashback on your spending, with 5% cashback on online and Visa contactless spend, and an additional 5% Green Cashback on selected eco-eateries, retailers, and transport services.
- This cashback credit card is Singapore’s first-ever eco-friendly recycled card, made from 85.5% recycled plastic.
- You can maximise your rewards with the DBS Live Fresh Card by understanding the fees, eligibility and application process, and additional benefits and privileges.
DBS Live Fresh Card Features
If you’re looking for a credit card that rewards you for being eco-friendly, then the DBS Live Fresh Card might be the perfect fit for you. This credit card offers a range of benefits, including cashback rewards, that can help you save money while also doing your part for the environment.
Eco-Friendly Benefits
One of the unique features of the DBS Live Fresh Card is its eco-friendly benefits. This credit card rewards you with an extra 5% Green Cashback when you spend at selected eco-eateries, retailers, and transport services. This is on top of the 5% cashback you get for online and Visa contactless spending. By using this card, you can support businesses that are committed to sustainable practices and help reduce your carbon footprint.
Cashback Categories
The DBS Live Fresh Card offers cashback rewards in several categories. You can earn up to 5% cashback on online and Visa contactless spending with a minimum spend of $600 per calendar month. Additionally, you can earn up to 10% cashback on retail spending, including dining, groceries, and entertainment. All other spending earns you a base cashback of 0.3%.
Online and Contactless Perks
The DBS Live Fresh Card also comes with several perks for online and contactless spending. You can earn up to 5% cashback on online and Visa contactless spending, which includes services like Grab, Lazada, and Shopee. Plus, you can use the same card for your bus and train rides, and ATM withdrawals, making it a convenient and versatile option for your everyday spending needs.
Overall, the DBS Live Fresh Card is an excellent choice for anyone looking for a credit card that rewards sustainable practices and offers cashback rewards. With its eco-friendly benefits, cashback categories, and online and contactless perks, this credit card can help you save money while also doing your part for the environment.
Maximising Rewards
If you’re looking to get the most out of your DBS Live Fresh Card, then you need to be strategic about how you use it. Here are some tips on how to maximise your rewards.
Strategic Shopping
When you’re shopping, keep an eye out for stores that offer promotions and discounts. You can also use your DBS Live Fresh Card to earn cashback on your purchases. For example, you can get up to 5% cashback on contactless and online spend, which includes online shopping on platforms like Lazada.
To further maximise your rewards, consider using promo codes when you shop. Many online stores offer promo codes that can give you additional discounts or cashback. By combining your DBS Live Fresh Card with promo codes, you can save even more money.
Dining and Entertainment
When it comes to dining and entertainment, you can also earn cashback with your DBS Live Fresh Card. Look for restaurants and entertainment venues that offer promotions or discounts. You can also use your card to earn cashback on your dining and entertainment expenses.
For example, you can get up to 5% cashback on sustainable spend at selected eco-eateries, retailers and transport services. You can also earn up to 5% cashback on your online and Visa contactless spend. This includes using your card with services like SimplyGo.
By being strategic about how you use your DBS Live Fresh Card, you can maximise your rewards and save money on your expenses. So start taking advantage of your card today and start earning cashback on your purchases.
Understanding the Fees
As with any credit card, it is important to understand the fees associated with the DBS Live Fresh Card. In this section, we will break down the annual fee and foreign transaction charges to help you make an informed decision.
Annual Fee
The DBS Live Fresh Card has an annual fee of $128. However, this fee is waived for the first year and subsequent years if you spend a minimum of $12,000 annually. This means that you can enjoy the benefits of the card without having to worry about the annual fee.
Foreign Transaction Charges
If you plan to use your DBS Live Fresh Card for purchases made overseas, you should be aware of the foreign transaction charges. The card charges a fee of 3.25% for foreign currency transactions. This means that if you make a purchase of $100 in a foreign currency, you will be charged an additional $3.25.
It is important to note that this fee is not unique to the DBS Live Fresh Card and is a common fee for most credit cards. However, if you travel frequently or make a lot of purchases in foreign currencies, this fee can add up quickly.
To avoid these charges, you may want to consider using a debit card or a credit card that does not charge foreign transaction fees. Alternatively, you can use the DBS Multi-Currency Account, which allows you to store and use up to 12 different currencies without incurring any foreign transaction fees.
Overall, the DBS Live Fresh Card offers competitive cashback rates and benefits, but it is important to understand the fees associated with the card before applying. By understanding the annual fee and foreign transaction charges, you can make an informed decision about whether this card is right for you.
Eligibility and Application
If you’re a young working adult looking for a credit card with cashback offers, the DBS Live Fresh Card might be the perfect fit for you. But before you apply, it’s important to know the eligibility criteria and application process.
Income Requirements
To be eligible for the DBS Live Fresh Card, you must have a minimum annual income of $30,000. However, if you’re a foreigner, you must have a minimum annual income of $45,000. It’s important to note that these are just the minimum income requirements, and your actual credit limit will depend on your income and credit history.
Application Process
The application process for the DBS Live Fresh Card is simple and straightforward. You can apply online or visit a DBS branch to apply in person. To apply online, you’ll need to fill out an application form and provide your personal and financial information, including your income and employment details.
Once you’ve submitted your application, DBS will review your application and credit history to determine your eligibility and credit limit. If you’re approved, you’ll receive your card within a few days, and you can start using it to earn cashback on your purchases.
In summary, to be eligible for the DBS Live Fresh Card, you must meet the minimum income requirements of $30,000 (for Singaporeans and Permanent Residents) or $45,000 (for foreigners). The application process is easy and can be done online or in person at a DBS branch. If you’re approved, you’ll receive your card within a few days and can start earning cashback on your purchases.
Additional Benefits and Privileges
As a DBS Live Fresh Cardholder, you are entitled to various benefits and privileges that make your spending experience even more rewarding.
Visa Exclusive Offers
You have access to exclusive offers and discounts when you use your DBS Live Fresh Card for Visa transactions. These offers range from discounts on dining, shopping, travel, and entertainment. You can enjoy these offers by simply using your DBS Live Fresh Card for Visa transactions.
Eco-Conscious Partnerships
DBS Live Fresh Card is committed to promoting eco-consciousness and sustainability. That’s why we have partnered with a range of eco-eateries, eco-retailers, and eco-transport services that share our vision. When you use your DBS Live Fresh Card at these partners, you will be rewarded with an extra 5% Green Cashback.
Our eco-conscience partnerships include farm-to-table restaurants, sustainable fashion retailers, and carbon-lite transport services. By supporting these partners, you are not only enjoying the benefits of your DBS Live Fresh Card, but also contributing to a better and more sustainable world.
In addition, DBS Live Fresh Cardholders have access to Visa Concierge, a 24/7 personal assistant service that can help you with travel bookings, restaurant reservations, and more. With Visa Concierge, you can enjoy a hassle-free experience wherever you are in the world.
With these additional benefits and privileges, using your DBS Live Fresh Card is not only rewarding but also environmentally conscious. So, start maximising your cashback and supporting eco-consciousness today!
Frequently Asked Questions
How can I qualify for an annual fee waiver with the DBS Live Fresh Card?
You can qualify for an annual fee waiver for the DBS Live Fresh Card by spending a minimum of $12,000 per year. The annual fee for the card is $128.40, but you can avoid paying it by meeting the minimum spend requirement.
What are the exclusive benefits of the DBS Live Fresh Student Card?
The DBS Live Fresh Student Card offers 0.3% cashback on all spend made with the card. Unfortunately, student cardholders are not eligible to earn up to 5% cashback on Contactless and Online Spend or the extra 5% Green Cashback on Sustainable Spend. However, the card is a great way for students to start building their credit history.
Could you explain how the cashback mechanism functions for the DBS Live Fresh Card?
The DBS Live Fresh Card offers cashback on eligible spend. Cardholders can earn an unlimited 0.3% base cashback on all eligible spend. Additionally, cardholders can earn up to 5% cashback on Contactless and Online Spend. The extra 5% Green Cashback on Sustainable Spend has been discontinued as of 1 March 2024.
What’s the minimum spend required to earn cashback with the DBS Live Fresh Card?
There is no minimum spend required to earn cashback with the DBS Live Fresh Card. However, to qualify for an annual fee waiver, you must spend a minimum of $12,000 per year.
Are there any particular transactions excluded from earning cashback on the DBS Live Fresh Card?
Yes, there are some transactions that are excluded from earning cashback on the DBS Live Fresh Card. These include but are not limited to cash advances, balance transfers, instalment payment plans, and bill payments.
Is the DBS Live Fresh Card considered a good choice for cashback rewards?
The DBS Live Fresh Card is a good choice for cashback rewards, especially if you frequently make Contactless and Online Spend. The card offers up to 5% cashback on these types of transactions, which can add up quickly. Additionally, the card is eco-friendly, made from 85.5% recycled plastic, and offers a great way to support sustainable spending.