If you’re looking for a debit card that offers a range of benefits and rewards, the DBS Platinum Debit Card is definitely worth considering. As part of DBS Bank, a multinational banking and financial services corporation, the DBS Platinum Debit Card is a technological forward bank that has received numerous global accolades for its innovative and customer-focused services.
Applying for the DBS UnionPay Platinum Debit Card is a straightforward process that can be completed online or in-person at a DBS branch. Once you have your card, you can take advantage of a range of features and benefits, including up to 5% cashback on all your spending, both locally and overseas. With no minimum spend required, this is a great way to save money on everyday purchases.
Using your card overseas is also easy, with the DBS Platinum Debit Card accepted at millions of merchants worldwide. You can also enjoy preferential foreign exchange rates and no overseas transaction fees, making it a cost-effective way to manage your finances while travelling. Whether you’re shopping, dining or sightseeing, the DBS Platinum Debit Card is the perfect travel companion.
Key Takeaways
- The DBS Platinum Debit Card is a great option for anyone looking for a debit card with a range of benefits and rewards.
- Applying for the card is easy, and once you have it, you can take advantage of features such as up to 5% cashback and no overseas transaction fees.
- With its innovative and customer-focused services, DBS Bank is a technological forward bank that has received numerous global accolades.
Applying for the DBS UnionPay Platinum Debit Card
If you are interested in applying for the DBS UnionPay Platinum Debit Card, you can do so easily through the DBS digibank mobile app. Before you apply, it is important to check if you meet the eligibility criteria.
Eligibility Criteria
To apply for the DBS UnionPay Platinum Debit Card, you need to meet the following eligibility criteria:
- You must be at least 16 years old.
- You must have a POSB Savings Account, DBS Savings Plus Account, DBS Autosave Account or DBS Current Account.
- You must have a valid identification document, such as a Singapore NRIC or a passport.
Application Process
Once you have confirmed that you meet the eligibility criteria, you can proceed with the application process. Here are the steps to follow:
- Launch the DBS digibank mobile app on your phone and log in.
- Select “More” from the menu.
- Click on “Apply” and then select “Cards”.
- Choose the DBS UnionPay Platinum Debit Card and fill in your details.
- Submit your application and wait for it to be processed.
It is important to note that if you already have a DBS UnionPay Platinum Debit Card, you will not be issued a new one upon application.
With the DBS UnionPay Platinum Debit Card, you can enjoy up to 5% cashback on any spend in Chinese Yuan (CNY), 1% cashback on any other foreign currency spend, and 0.5% cashback on any local spend. Additionally, you can benefit from an overseas ATM fee waiver.
Apply for the DBS UnionPay Platinum Debit Card today and start enjoying the rewards that come with it.
Features and Benefits
If you’re looking for a debit card that offers great rewards and benefits, the DBS UnionPay Platinum Debit Card is a great option. Here are some of the features and benefits you can enjoy with this card:
Cashback and Rewards
With the DBS UnionPay Platinum Debit Card, you can earn up to 5% cashback on any spend in Chinese Yuan (CNY), 1% cashback on any other foreign currency, and 0.5% cashback on any local spend. To qualify for the cashback, you need to spend a minimum of S$400 with UnionPay per month. The cashback is capped at $50 per month. This card also offers ATM fee waiver on cash withdrawals overseas.
Exclusive Dining and Shopping Offers
As a DBS UnionPay Platinum Debit Card holder, you can enjoy exclusive dining and shopping offers at various merchants in Singapore and overseas. You can enjoy discounts, gifts and other privileges at selected dining and shopping outlets. This means you can save money while enjoying your favourite meals and shopping for your favourite items.
UnionPay QuickPass and Contactless Payments
The DBS UnionPay Platinum Debit Card supports UnionPay QuickPass and contactless payments, which means you can make payments quickly and easily without having to insert your card or enter your PIN. This feature is especially useful when you’re in a hurry or when you’re making small transactions.
Overall, the DBS UnionPay Platinum Debit Card is a great option for those looking for a debit card with cashback, rewards, exclusive dining and shopping offers, and contactless payment options. With this card, you can enjoy all these benefits while also being able to manage your money easily and conveniently.
Using Your Card Overseas
Travelling overseas can be an exciting experience, but it can also be stressful when it comes to managing your finances. With the DBS Platinum Debit Card, you can enjoy a hassle-free experience when it comes to using your card overseas. Here are some things to keep in mind when using your card abroad.
Foreign Currency Transactions
When making foreign currency transactions, you can avoid foreign exchange and debit card fees by using a DBS Platinum Debit Card linked to any of our multi-currency accounts such as the DBS Multiplier Account. This can be especially useful if you are travelling to Southeast Asia, Greater China, or other priority markets in Asia.
ATM Fee Waiver and Withdrawal Limits
With the DBS Platinum Debit Card, you can enjoy an ATM fee waiver when you withdraw cash from any DBS, POSB, or UOB ATMs in Singapore and overseas. However, do note that there may be a withdrawal limit of $3,000 per day for overseas ATM withdrawals.
It is important to note that while the DBS Platinum Debit Card can be used at most merchants and ATMs overseas, there may be foreign transaction fees of up to 3.25% imposed by the card associations (Visa/Mastercard/American Express/UnionPay).
Overall, the DBS Platinum Debit Card is a great option for Singaporeans who are looking for a convenient and hassle-free way to manage their finances when travelling overseas. With its wide acceptance at merchants and ATMs worldwide, as well as its ATM fee waiver and withdrawal limits, you can enjoy peace of mind knowing that you have easy access to your funds when you need them.
Fees and Charges
When it comes to choosing a debit card, fees and charges are one of the most important factors to consider. In this section, we will discuss the fees and charges associated with the DBS Platinum Debit Card in Singapore.
Annual Fee and Waivers
The annual fee for the DBS Platinum Debit Card is $180. However, there are several ways to waive this fee. If you maintain an average daily balance of $30,000 in your account, the annual fee will be waived. Alternatively, you can make at least 5 transactions per month using your card, and the annual fee will also be waived.
Transaction and Service Fees
The DBS Platinum Debit Card comes with a number of transaction and service fees. Here are some of the most important ones to keep in mind:
- ATM Withdrawals: There is no fee for withdrawing cash from DBS/POSB ATMs. However, if you withdraw cash from other bank ATMs in Singapore, you will be charged $5 per transaction.
- Debit Card Spend Transactions: There are no fees for spending using your DBS Platinum Debit Card.
- Cash Withdrawal Limit: The daily cash withdrawal limit for the DBS Platinum Debit Card is $3,000.
It is important to note that these fees and charges are subject to change, and you should always check the latest terms and conditions before applying for the card.
In summary, the DBS Platinum Debit Card is a great option if you are looking for a debit card with great rewards and benefits. While there are some fees and charges associated with the card, these can be easily waived if you meet certain requirements.
Managing Your Card
As a DBS Platinum Debit Cardholder in Singapore, you have access to a range of features and benefits that make managing your card easy and convenient. Here are some of the ways you can manage your card to ensure that you get the most out of it.
Contactless Function and Payment Controls
One of the most convenient features of the DBS Platinum Debit Card is its contactless function. You can use your card to make payments of up to $100 at thousands of merchants across Singapore without having to enter your PIN. This makes transactions faster and more convenient, especially when you are on the go.
To ensure that you are in control of your contactless payments, you can set payment limits and transaction alerts through the DBS PayLah! app. This allows you to track your spending and receive notifications when your card is used for transactions that exceed your set limits.
Monitoring and Security
DBS Payment Controls is another feature that allows you to monitor and control your card usage. You can set spending limits, block certain types of transactions, and receive real-time notifications when your card is used for online or overseas transactions. This gives you greater control over your spending and helps to prevent fraud.
In addition, all DBS cards are protected by the Singapore Deposit Insurance Corporation (SDIC) up to $75,000. This provides you with peace of mind knowing that your funds are safe and secure.
DBS has been recognised as the Global Finance’s Best Bank in the World and Euromoney’s Global Bank of the Year. With DBS, you can be assured of receiving world-class banking services and support.
Overall, managing your DBS Platinum Debit Card is easy and convenient. With features like contactless payments, payment controls, and real-time alerts, you can stay in control of your spending and enjoy the benefits of being a DBS cardholder.
Frequently Asked Questions
What exclusive perks come with the DBS Platinum Debit Card?
The DBS Platinum Debit Card offers a range of exclusive perks and benefits. These include access to airport lounges, cashback on dining and entertainment, and discounts on travel bookings. You can also enjoy complimentary travel insurance coverage and 24-hour concierge services.
How can I access airport lounges with my DBS Platinum Debit Card?
As a DBS Platinum Debit Cardholder, you can enjoy complimentary access to over 1,000 airport lounges worldwide. Simply present your card at the lounge reception and enjoy a comfortable and relaxing experience before your flight.
What are the daily transaction limits for the DBS Platinum Debit Card?
The daily transaction limits for the DBS Platinum Debit Card are higher than those for the classic version. You can withdraw up to $3,000 and spend up to $10,000 per day, giving you greater flexibility and convenience.
How does the DBS Platinum Debit Card enhance my spending experience?
The DBS Platinum Debit Card offers enhanced security features and contactless payment options, making it easy and convenient to make purchases both online and in-store. You can also earn cashback and rewards points on your spending, helping you to save money and get more out of your purchases.
What criteria must I meet to qualify for a DBS Platinum Debit Card?
To qualify for a DBS Platinum Debit Card, you must meet certain eligibility criteria, including a minimum income requirement and a good credit score. You can apply online or in-branch, and the application process is quick and easy.
In what ways does the DBS Platinum Debit Card differ from the classic version?
The DBS Platinum Debit Card offers a range of additional benefits and features compared to the classic version. These include higher transaction limits, access to airport lounges, and enhanced security features. The Platinum version is designed for those who want to enjoy a premium banking experience and take advantage of exclusive perks and benefits.