Are you looking to apply for the DBS Live Fresh Card in Singapore? If so, you may be wondering about the minimum spend requirements for this credit card. The DBS Live Fresh Card is a popular choice for those who want to earn cashback rewards on their everyday spending. In this article, we’ll explore everything you need to know about the minimum spend requirements for the DBS Live Fresh Card.
The DBS Live Fresh Card is designed to reward you for your spending, with up to 10% cashback available on select categories. However, to enjoy these rewards, you’ll need to meet the minimum spend requirements. In this article, we’ll take a closer look at what these requirements are and how you can meet them. We’ll also explore some of the other key features of the DBS Live Fresh Card, including eligibility criteria, exclusive perks, and more.
Key Takeaways
- The DBS Live Fresh Card offers up to 10% cashback on select categories.
- To enjoy these rewards, you’ll need to meet the minimum spend requirements.
- The DBS Live Fresh Card also comes with a range of exclusive perks and partnerships.
DBS Live Fresh Card Overview
What Is DBS Live Fresh Card?
If you’re looking for a credit card that offers cashback on your everyday purchases, then the DBS Live Fresh Card might be the perfect card for you. This eco-friendly credit card is designed to help you save money while also reducing your carbon footprint. With the DBS Live Fresh Card, you can earn cashback on your shopping and transport expenses, both in Singapore and overseas.
Key Features and Benefits
The DBS Live Fresh Card offers a range of features and benefits that make it a popular choice among credit card users in Singapore. Here are some of the key features and benefits of the card:
Cashback: The DBS Live Fresh Card offers up to 6% cashback on your shopping and transport spend when you hit the minimum spend requirement of S$800 per calendar month. You can also earn an additional 5.7% bonus cashback on shopping spend (capped at S$50 per calendar month) and up to 5% cashback on online and Visa contactless spend with a minimum spend of S$600 per calendar month.
Eco-Friendly: The DBS Live Fresh Card is Singapore’s first eco-friendly credit card, made from 85.5% recycled plastic. By using this card, you can help reduce plastic waste and protect the environment.
Sustainable: In addition to being eco-friendly, the DBS Live Fresh Card is also sustainable. This means that it is designed to last longer than other credit cards, reducing the need for replacements and further reducing waste.
Annual Fee: The DBS Live Fresh Card comes with an annual fee of S$196.2, but you can enjoy a 1-year annual fee waiver.
Overall, the DBS Live Fresh Card is a great credit card for those who want to save money while also doing their part to protect the environment. With its cashback rewards, eco-friendly design, and sustainable features, this card is a great choice for anyone looking for a credit card that offers both financial and environmental benefits.
Understanding Cashback Rewards
If you are a DBS Live Fresh Cardholder, you are eligible for cashback rewards on your purchases. Understanding how cashback works can help you maximise your rewards and get the most out of your card.
How Does Cashback Work?
Cashback is a reward system where you get a percentage of the amount you spend back in cash. For example, if you spend $100 and your cashback rate is 5%, you will receive $5 in cashback rewards.
With the DBS Live Fresh Card, you can earn up to 5% cashback on contactless and online spend. You can also earn an additional 5% green cashback on sustainable spend. However, the card benefits of up to 5% cashback on contactless and online spend, and the extra 5% green cashback on sustainable spend will cease. Instead, unlimited 0.3% base cashback will be awarded on all eligible spend. The Minimum Spend Requirement will be increased to S$800 per calendar month.
Maximising Your Cashback
To maximise your cashback, you need to understand the cashback cap and the minimum spend requirement. The cashback cap is the maximum amount of cashback you can earn in a month. With the DBS Live Fresh Card, the total monthly cashback is capped at $60. The cap is further split into 3 categories: $20 for online spend, $20 for Visa contactless spend, and $20 for all other spend.
To qualify for the additional 5% cashback on sustainable spend and 5% cashback on online and Visa contactless spend, you must charge at least S$600 worth of retail transaction(s) to your DBS Live Fresh Card in the same calendar month. However, the Minimum Spend Requirement will be increased to S$800 per calendar month.
To maximise your cashback, you should focus on making contactless and online spend where you can earn up to 10% cashback. This is good for young working adults who want to save money while still enjoying their lifestyle.
In conclusion, understanding how cashback works and how to maximise your rewards can help you get the most out of your DBS Live Fresh Card. By making smart choices and meeting the minimum spend requirement, you can earn up to 10% cashback on your purchases.
Eligibility and Application
Who Can Apply?
If you are a Singaporean or Permanent Resident who is at least 21 years old, you are eligible to apply for the DBS Live Fresh Card. In addition, you must meet the minimum income requirement of $30,000 per annum. Foreigners who reside in Singapore are also eligible to apply, but they must have a minimum income of $45,000 per annum.
Application Process
The application process for the DBS Live Fresh Card is straightforward and can be done online. To apply, simply visit the DBS website and fill out the online application form. You will need to provide some basic personal information, such as your name, address, and contact details. You will also need to provide some supporting documents, such as your NRIC or passport, and your latest payslip or income tax notice of assessment.
Once you have submitted your application, it will be reviewed by DBS. If your application is approved, you will receive your DBS Live Fresh Card within 7 working days.
It is important to note that in order to enjoy the cashback benefits of the DBS Live Fresh Card, you must meet the minimum spend requirement of $600 for each calendar month. This excludes posted 0% interest-free instalment plan monthly transactions (IPP). If you do not meet the minimum spend requirement, you will not be eligible for the cashback benefits.
So, if you are looking for a credit card that offers great cashback rewards, and you meet the eligibility criteria, you can apply for the DBS Live Fresh Card today.
Exclusive Perks and Partnerships
As a DBS Live Fresh Cardholder, you can enjoy a variety of exclusive perks and partnerships that make your shopping and dining experiences even more rewarding. Here are some of the top perks and partnerships available to you:
Shopping and Dining Privileges
With your DBS Live Fresh Card, you can enjoy exclusive shopping and dining privileges at some of the top retailers and restaurants in Singapore. For example, you can get up to 10% cashback when you shop online at Lazada or Zalora, two of the most popular online shopping platforms in Singapore. You can also enjoy discounts and special offers at Sephora, one of the top beauty stores in the country.
In addition to these benefits, you can also enjoy farm-to-table dining experiences at select restaurants, which offer fresh, locally-sourced ingredients in their menus. This is a great way to support local businesses and enjoy healthy, delicious meals at the same time.
Eco-Friendly Partnerships
DBS Live Fresh Card is Singapore’s first eco-friendly credit card, and it comes with a number of eco-friendly partnerships that allow you to earn more rewards while supporting sustainable practices. For example, you can earn an extra 5% Green Cashback when you shop at select eco-eateries, retailers, and transport services. This is a great way to support businesses that are committed to reducing their carbon footprint and promoting sustainability.
Another great eco-friendly partnership available to DBS Live Fresh Cardholders is the Farm-to-Table programme, which offers discounts and special offers at select restaurants that use locally-sourced ingredients in their menus. This is a great way to support local farmers and enjoy healthy, delicious meals at the same time.
Overall, the DBS Live Fresh Card offers a range of exclusive perks and partnerships that make it one of the most rewarding credit cards in Singapore. Whether you’re looking to earn cashback on your online shopping or support sustainable businesses, the DBS Live Fresh Card has you covered.
Managing Your Card
As a DBS Live Fresh Cardmember, it’s important to know how to manage your card effectively. Here are some tips to help you get the most out of your card.
Online Banking and Mobile App
DBS offers an online banking platform and mobile app that allows you to manage your DBS Live Fresh Card from anywhere, at any time. With these tools, you can view your account balance, transaction history, and make payments. You can also set up alerts to notify you of any unusual activity on your account.
Fees and Charges
It’s important to be aware of the fees and charges associated with your DBS Live Fresh Card. Here’s a breakdown of some of the most important fees:
Finance Charges: If you do not pay your balance in full each month, you will be charged interest on the outstanding balance. The finance charge is 25.9% p.a. or $2.50, whichever is higher.
Late Fee: If you miss a payment or pay less than the minimum amount due, you will be charged a late fee of $100.
Foreign Currency Transaction Fee: If you use your card to make purchases in a foreign currency, you will be charged a fee of 3% of the transaction amount.
Repayment: It’s important to make your payments on time to avoid late fees and finance charges. You can make payments through DBS PayLah!, DBS PayLah! app, or through the internet banking platform.
DBS PayLah!: DBS PayLah! is a mobile payment app that allows you to make payments using your mobile phone. You can link your DBS Live Fresh Card to your PayLah! account to make payments and manage your card.
By following these tips, you can effectively manage your DBS Live Fresh Card and avoid unnecessary fees and charges.
Frequently Asked Questions
What fabulous perks come with the DBS Live Fresh Card?
The DBS Live Fresh Card offers a range of exciting perks, such as cashback on eligible spend, exclusive discounts and promotions, and access to exclusive events. You can earn up to 6% cashback on Shopping and Transport spend, and up to 5% cashback on Online and Visa Contactless Spend. Additionally, you can enjoy unlimited 0.3% base cashback on all eligible spend.
How can I qualify for cashback with my DBS Live Fresh Card?
To qualify for cashback with your DBS Live Fresh Card, you need to make a minimum spend of S$600 in a calendar month on Online and Visa Contactless Spend. Upon hitting the minimum spend requirement, you can earn up to 5% cashback on eligible spend.
What’s the annual fee for a DBS Live Fresh Card, and is there a waiver?
The annual fee for a DBS Live Fresh Card is S$128.40 per year. However, the annual fee is waived for the first year, and subsequent years if you spend a minimum of S$12,000 per year with your card.
What constitutes an online spend for the DBS Live Fresh Card?
For the DBS Live Fresh Card, online spend refers to purchases made on the internet, including online shopping, food delivery, and ride-hailing services. To qualify for cashback, you need to make a minimum spend of S$600 in a calendar month on Online and Visa Contactless Spend.
Are there any spending limits on the DBS payWave transactions in Singapore?
Yes, there are spending limits on DBS payWave transactions in Singapore. The limit for contactless transactions is S$200 per transaction, and the cumulative daily limit is S$500.
What makes the DBS Live Fresh Student Card an exciting choice for students?
The DBS Live Fresh Student Card is designed specifically for students, offering exclusive discounts and promotions on dining, entertainment, and shopping. Students can earn up to 5% cashback on Online and Visa Contactless Spend, and enjoy unlimited 0.3% base cashback on all eligible spend. Additionally, there are no annual fees for the DBS Live Fresh Student Card.