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:
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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.
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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.
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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.
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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.
