DBS Student Credit Card Singapore: The Ultimate Guide for Students

If you’re a student in Singapore, you know that managing your finances can be challenging. Between tuition fees, textbooks, and living expenses, it can be tough to make ends meet. That’s where the DBS Student Credit Card comes in. This credit card is designed specifically for students, with features and benefits that cater to your unique needs.

A hand holding a DBS student credit card in front of a Singaporean university campus backdrop

The DBS Live Fresh Student Card is the first-ever eco-friendly credit card in Singapore, made from 85.5% recycled plastic. Not only is it good for the environment, but it also offers a range of exclusive perks for students. With this card, you can enjoy cashback on your favourite brands, including McDonald’s, Starbucks, and Netflix. Plus, you’ll get an extra 5% Green Cashback, making it an excellent choice for environmentally conscious students.

Understanding fees and charges is essential when choosing a credit card. With the DBS Student Credit Card, you’ll enjoy a waived annual fee for the first five years. After that, the annual fee is S$196.20. The credit limit is S$500, making it an ideal starter card for students. By using your card responsibly, you can build your credit score and pave the way for future financial success.

Key Takeaways

  • The DBS Student Credit Card is an excellent choice for students in Singapore.
  • The card offers exclusive perks, including cashback on popular brands.
  • Understanding fees and charges is essential when choosing a credit card.

DBS Live Fresh Student Card Overview

A vibrant student card with the DBS logo, featuring a fresh and modern design, surrounded by colorful elements and youthful imagery

If you’re a student in Singapore, you may want to consider getting the DBS Live Fresh Student Card. This credit card is tailored to the needs of students and offers a range of features and benefits that can help you manage your expenses and save money.

Key Features and Benefits

The DBS Live Fresh Student Card is made from 85.5% recycled plastic, making it the first-ever eco-friendly credit card in Singapore. This card offers cashback rewards on everyday spending, exclusive discounts, and seamless mobile banking. Here are some of the key features and benefits of the DBS Live Fresh Student Card:

  • Annual fee waiver for 5 years
  • No minimum spend and income requirements
  • 5% cashback on McDonald’s, Starbucks, Netflix, and more
  • 0.3% cashback on all other spend
  • Credit limit of $500

In addition to these features, the DBS Live Fresh Student Card also offers a range of exclusive discounts and promotions for students. You can enjoy discounts on dining, shopping, entertainment, and more.

Eligibility and Application Process

To be eligible for the DBS Live Fresh Student Card, you must be between 21 and 27 years old and a full-time student in Singapore. You will need to provide proof of enrollment, such as your student ID or a letter from your school.

The application process for the DBS Live Fresh Student Card is simple and straightforward. You can apply online or visit a DBS branch to apply in person. You will need to provide your personal details, including your NRIC or passport number, as well as your income and employment information (if applicable).

Overall, the DBS Live Fresh Student Card is an excellent choice for students in Singapore who are looking for a credit card that offers cashback rewards, exclusive discounts, and eco-friendliness. With its annual fee waiver, low credit limit, and simple application process, it’s easy to see why this card is so popular among students.

Exclusive Perks for Students

A student holding a dbs credit card with exclusive perks, surrounded by symbols of education and luxury

As a student in Singapore, you can enjoy exclusive perks and benefits with the DBS Live Fresh Student Card. This credit card is tailored to meet your needs and offers a range of exciting features that make it the perfect choice for students.

Cashback Rewards

One of the best things about the DBS Live Fresh Student Card is the cashback rewards. You can earn up to 5% cashback on your daily spending, including dining, online shopping, and entertainment. This means you can save money while enjoying your favourite activities, such as watching movies at Golden Village or ordering food from McDelivery.

Moreover, you can also earn Green Cashback by shopping at eco-eateries and using public transport. This feature encourages you to adopt a more sustainable lifestyle and helps you contribute to protecting the environment.

Eco-Friendly Initiatives

The DBS Live Fresh Student Card is the first-ever eco-friendly credit card in Singapore, made from 85.5% recycled plastic. By using this card, you can show your support for environmental sustainability and contribute to a greener future.

Aside from the environmental benefits, the card also offers exciting perks such as discounts at Starbucks and other eco-friendly merchants. This means you can enjoy your favourite drinks and snacks while supporting sustainable businesses.

In conclusion, the DBS Live Fresh Student Card is an excellent choice for students in Singapore who want to enjoy exclusive perks and benefits while supporting environmental sustainability. With cashback rewards and eco-friendly initiatives, this credit card is designed to meet your needs and make your student life more exciting.

Understanding Fees and Charges

A student holding a credit card while reading a brochure on fees and charges, with a laptop and calculator nearby

As a student, it’s important to understand the fees and charges associated with the DBS Live Fresh Student Card. This section will break down the different costs you may encounter, so you can make informed decisions about your spending.

Annual Fees and Waivers

The DBS Live Fresh Student Card has an annual fee of $192.60, but this fee is waived for the first five years of card membership. After that, you’ll need to pay the annual fee if you want to continue using the card.

Other Potential Costs

Late fees and penalties may apply if you don’t repay your balance on time, so it’s important to stay on top of your payments. Additionally, if you use your card for cash advances, you may be charged a fee. Keep in mind that the interest rate for cash advances is higher than the interest rate for regular purchases, so it’s best to avoid using your card for cash advances if possible.

In terms of minimum spend, there isn’t a specific requirement for the DBS Live Fresh Student Card. However, keep in mind that you’ll need to make at least the minimum payment each month to avoid late fees and penalties.

Overall, the DBS Live Fresh Student Card has competitive fees and charges compared to other credit cards in Singapore. Just be sure to read the fine print and understand the terms and conditions before you start using your card.

Making the Most of Your Card

A student swipes a dbs credit card at a bookstore, eager to purchase textbooks for the upcoming semester. The cashier smiles as the transaction is approved, and the student walks away with a stack of books in hand

So, you’ve got your DBS Live Fresh Student Card and you’re ready to start using it. Here are some tips on how to make the most out of your card.

Maximising Rewards

One of the biggest advantages of the DBS Live Fresh Student Card is the rewards you can earn. To maximise your rewards, make sure to use your card for all your spend. This includes online shopping, retail purchases, and even transport services.

When using your card, look out for merchants that offer extra cashback or rewards for using your DBS Live Fresh Student Card. Some retailers also offer exclusive discounts for DBS Live Fresh cardholders, so keep an eye out for those too.

To earn even more rewards, consider using your card for dining and contactless spend. The DBS Live Fresh Student Card offers 5% cashback on eligible merchants and select eco-merchants, and 0.3% cashback on all other spend. Just make sure to keep track of your cashback cap, which is set at $60 per month.

Smart Spending Tips

To make the most out of your DBS Live Fresh Student Card, it’s important to spend smart. This means making sure you’re not overspending and staying within your budget.

One way to do this is to set a monthly spending limit for yourself. This will help you keep track of your expenses and avoid overspending. You can also use the DBS app to monitor your spending and keep track of your rewards.

Another smart spending tip is to pay your bills with your DBS Live Fresh Student Card. This way, you can earn rewards on your bills and avoid missing any payments. Just make sure to pay off your balance in full each month to avoid any interest charges.

Overall, the DBS Live Fresh Student Card is a great way to earn rewards and make the most out of your spend. By maximising your rewards and spending smart, you can get the most out of your card and enjoy all the benefits it has to offer.

Digital Banking with DBS

A smartphone displaying DBS student credit card being used for digital banking in Singapore

Managing your finances has never been easier with DBS’s digital banking services. With the DBS digibank mobile app, you can view your account balances, transfer money, pay bills, and apply for new accounts and credit cards instantly, all in one place.

Managing Your Account Online

You can access your account online through the DBS digibank mobile app or DBS iBanking. The app is available for download on both iOS and Android devices. Once you have installed the app, you can log in using your DBS digibank username and password or your Touch/Face ID.

Through the app, you can also manage your credit cards. You can view your credit card transactions, pay your credit card bills, and set up alerts for your credit card payments. You can also access your eStatements and download them for your records.

Security and Support Services

DBS takes security very seriously. To ensure that your account is secure, you can set up a PIN for your accounts. You can also enable two-factor authentication for added security.

If you have any issues or concerns regarding your account, you can reach out to DBS’s customer support team. You can contact them through the app or through their website. DBS also offers a feedback platform called “DBS Paylah! Community” where you can share your feedback and suggestions with the DBS team.

In conclusion, DBS’s digital banking services offer a convenient and secure way to manage your finances. With the DBS digibank mobile app, you can access your account anytime, anywhere. So, if you are a Singapore citizen or permanent resident, apply for a DBS student credit card today and enjoy the benefits of digital banking with DBS.

Frequently Asked Questions

A student holding a credit card, surrounded by question marks and a FAQ sign

What are the eligibility criteria for the DBS Live Fresh Student Card?

To be eligible for the DBS Live Fresh Student Card, you must be a full-time student in Singapore with a minimum age of 18 years old. There is no minimum income requirement, making it an accessible option for students who are just starting out.

What benefits can I expect from the DBS Student Credit Card?

The DBS Live Fresh Student Card offers a range of benefits that are designed to make student life more rewarding. You can enjoy 5% cashback on your favourite brands such as McDonald’s, Starbucks, Netflix, and more. You can also earn 1% cashback on all other spend with no minimum spend requirement. Additionally, the card is eco-friendly, made from 85.5% recycled plastic, making it the first-ever eco-friendly credit card in Singapore.

How does the DBS Live Fresh Student Card compare to other student credit cards?

Compared to other student credit cards in Singapore, the DBS Live Fresh Student Card offers competitive cashback rates and eco-friendly features. It also has no minimum income requirement, making it accessible to students who are just starting out.

What do I need to apply for a student credit card in Singapore?

To apply for a student credit card in Singapore, you will need to provide proof of your student status, such as a valid student ID or a letter from your school. You will also need to provide proof of your income, such as your payslip or bank statement.

Are there any exclusive perks for students with the DBS Live Fresh Card?

Yes, the DBS Live Fresh Student Card offers exclusive perks for students, such as discounts on dining, shopping, and entertainment. Additionally, you can enjoy up to S$50 cashback for each calendar month, making it a great way to save money while you spend.

Can a student under 18 years old apply for a credit card in Singapore?

No, you must be at least 18 years old to apply for a credit card in Singapore. If you are under 18 years old, you may consider applying for a debit card instead, which allows you to spend only the money that you have in your account.

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