If you’re a DBS/POSB customer in Singapore, you might be interested in the DBS Visa Debit Card. This card offers 5% cashback on eligible transactions, making it a popular choice for those looking to maximise their savings. In this article, we’ll explore how to make the most of your 5% cashback and discuss the eligible transactions that qualify for the promotion.
To start, let’s take a closer look at how to maximise your 5% cashback. To qualify for this promotion, you’ll need to spend a minimum of $500 on eligible transactions each month. You’ll also need to keep your cash withdrawals to $400 or less in the same month. If you meet these requirements, you’ll earn 5% cashback on your eligible transactions, up to a maximum of $50 per month.
Now, let’s dive into the eligible transactions for cashback. With the DBS Visa Debit Card, you can earn 5% cashback on a variety of transactions, including online food delivery, local transport, and foreign currency spending. You can also earn 2% cashback on all other foreign currency spending. Keep in mind that there are some exclusions, such as bill payments, top-ups, and online gambling transactions, so be sure to check the terms and conditions to ensure your transactions qualify.
Key Takeaways
- The DBS Visa Debit Card offers 5% cashback on eligible transactions for DBS/POSB customers in Singapore.
- To maximise your cashback, spend a minimum of $500 on eligible transactions each month and keep your cash withdrawals to $400 or less in the same month.
- Eligible transactions include online food delivery, local transport, and foreign currency spending, with some exclusions such as bill payments and online gambling transactions.
How to Maximise Your 5% Cashback
If you’re a DBS Visa Debit cardholder, you’re in luck! You can enjoy up to 5% cashback on your spending. Here’s how you can maximise your cashback rewards:
Understanding the Terms and Conditions
Before you start spending, it’s important to understand the terms and conditions of the cashback promotion. To be eligible for the 5% cashback, you must spend a minimum of $400 on Visa/Mastercard spend across any of your qualifying cards. You must also keep withdrawals to $400 and below across all DBS/POSB cards, including qualifying cards, at local DBS/POSB ATMs and branches in the same month.
It’s also worth noting that the cashback is subject to a cap of $20 per customer per month, regardless of the number of qualifying cards held by the customer. If you have more than one qualifying card, the cashback will be credited to the qualifying card with the highest Visa spend.
Leveraging the DBS Multiplier
One way to maximise your cashback rewards is to leverage the DBS Multiplier. The DBS Multiplier is a savings account that rewards you with higher interest rates when you credit your salary, transact in foreign currencies, invest or insure with DBS/POSB.
By using your DBS Visa Debit card for your foreign currency spend, you can earn up to 10% cashback on your spending as a new cardmember. This is in addition to the cashback you’ll earn from the 5% promotion. Plus, you’ll also earn higher interest rates on your savings in the DBS Multiplier account.
So, if you’re looking to maximise your cashback rewards, consider applying for a DBS Visa Debit card and leveraging the DBS Multiplier. With the right spending habits and savings strategy, you can enjoy significant rewards from your everyday spending.
Eligible Transactions for Cashback
If you are a DBS Visa Debit Cardholder, you can enjoy up to 5% cashback on eligible transactions. To qualify for cashback, you must have banking transactions in at least three out of five transaction categories. Here are the eligible transaction categories:
Local Transport Benefits
You can enjoy 3% cashback on local transport expenses such as ride-hailing, taxis, and transit with SimplyGo. With a minimum spend of $500 on your Visa Debit Card, you can earn up to $15 cashback per month.
Online Food Delivery Perks
With a minimum spend of $500 on your Visa Debit Card, you can earn up to 4% cashback on online food delivery services. This means you can enjoy savings while ordering food from your favorite restaurants.
Insurance Payments
If you pay for insurance with your DBS Visa Debit Card, you can earn up to 5% cashback. Only purchases made after enrolling into the Cashback Bonus programme will be recognized as eligible transactions.
Overall, DBS Visa Debit Cardholders can enjoy significant savings on their eligible transactions. With a minimum spend of $500 on your Visa Debit Card, you can earn up to 5% cashback on eligible transactions. So, make sure to use your DBS Visa Debit Card for your daily expenses and enjoy the benefits of cashback rewards.
Digital Banking with DBS
If you are looking for a bank that offers a seamless digital banking experience, DBS is the perfect choice for you. The bank has a range of digital banking services that are designed to make your banking experience as smooth and convenient as possible.
Navigating the Digibank App
The Digibank App is DBS’s flagship digital banking app. It is designed to give you complete control over your finances. With the app, you can easily manage your accounts, transfer money, pay bills, and more. The app is available for download on both the App Store and Google Play.
Once you have downloaded the app, you can log in using your DBS iBanking credentials. The app is easy to use, and you can navigate through it using the simple and intuitive interface. You can also customize the app to suit your needs, such as setting up alerts for transactions, checking your account balances, and more.
Making the Most of DBS PayLah! App
DBS PayLah! is another digital banking service offered by DBS. It is a mobile wallet that allows you to make payments, send and receive money, and more. The app is available for download on both the App Store and Google Play.
With DBS PayLah!, you can easily split bills with friends, pay for your online purchases, and even make donations to charity. You can also use the app to top up your mobile phone, pay for your taxi rides, and more. The app is easy to use, and you can navigate through it using the simple and intuitive interface.
Apply Now
If you are interested in applying for a DBS Visa Debit Card, you can do so easily through the Digibank App. Simply log in to the app, select “More,” then “Apply,” and finally “Cards.” With the DBS Visa Debit Card, you can earn up to 5% cashback on your purchases, and you can also enjoy other benefits such as discounts on dining, travel, and more.
Overall, DBS is a great bank to consider if you are looking for a seamless digital banking experience. With its range of digital banking services, you can easily manage your finances and make the most of your money.
Additional Rewards and Benefits
If you are looking for a debit card that rewards you for your spending, then the DBS Visa Debit Card is an excellent choice. Not only can you earn up to 4% cashback on your spending, but you can also enjoy additional rewards and benefits.
Accumulating DBS Points
With the DBS Visa Debit Card, you can accumulate DBS Points with every transaction you make. These points can be redeemed for a range of rewards, including shopping vouchers, dining discounts, and even air miles. The more you spend, the more points you earn, so you can enjoy even more rewards.
Credit Card Spend Advantages
If you also have a DBS Credit Card, you can enjoy even more benefits when you use your DBS Visa Debit Card. For example, you can earn cashback on your credit card spend, which can then be used to offset your credit card bills. You can also enjoy exclusive discounts and promotions when you use your credit card and debit card together.
In addition, if you use Samsung Pay with your DBS Visa Debit Card, you can enjoy even more rewards. Samsung Pay is a mobile payment service that allows you to pay for your purchases using your smartphone. When you use Samsung Pay with your DBS Visa Debit Card, you can earn additional cashback and rewards.
Overall, the DBS Visa Debit Card is an excellent choice for anyone looking for a debit card that rewards them for their spending. With the ability to earn up to 4% cashback, accumulate DBS Points, and enjoy additional benefits when you use your credit card and Samsung Pay, there are plenty of reasons to choose this card. So why not apply for your DBS Visa Debit Card today and start enjoying all the rewards and benefits it has to offer?
Fees and Charges
When it comes to using a DBS Visa Debit Card, it’s important to understand the fee structures that come with it. Here’s what you need to know:
Understanding Fee Structures
There are a few fees associated with using a DBS Visa Debit Card, but they’re generally quite reasonable. For example, you won’t be charged any foreign exchange fees when you use your card for purchases in foreign currencies. In addition, you can earn up to 4% cashback when you use your card for online food delivery, local transport, and foreign currency purchases.
However, it’s worth noting that there is an administrative fee of 1% charged by Visa or Mastercard for all card transactions processed outside of Singapore but charged in Singapore dollars. This fee will be payable by you and debited from your card account.
If you’re concerned about fees, it’s worth checking with DBS to see if there are any promotions or offers available that can help you save money. For example, you may be able to earn cashback or other rewards for using your card in certain ways.
Overall, while there are some fees associated with using a DBS Visa Debit Card, they’re generally quite reasonable and won’t break the bank. Just be sure to keep an eye on your account and check for any promotions or offers that can help you save money.
When using your DBS Visa Debit Card, you can also use the NETS payment system, which is widely accepted in Singapore. This means that you can use your card to make payments at a wide range of merchants, including supermarkets, convenience stores, and more.
In addition, DBS offers a range of other debit card options, including those powered by Mastercard. These cards offer a seamless experience and can be a great choice if you’re looking for a secure and convenient way to make payments.
Overall, if you’re looking for a debit card in Singapore, a DBS Visa Debit Card could be a great choice. With reasonable fees and a range of rewards and benefits available, it’s a great way to make payments and manage your finances.
Frequently Asked Questions
How can I activate cashback on my DBS Visa Debit Card?
To activate cashback on your DBS Visa Debit Card, you need to make sure that your card is linked to your My Account. Once your card is linked, you can start earning cashback on your eligible transactions.
What are the latest cashback offers with the DBS Visa Debit Card?
DBS regularly updates its cashback offers for the Visa Debit Card. You can check the latest offers on the DBS website or mobile app. As of the current date, you can earn up to 5% cashback on your local Visa contactless spend with the DBS Treasures Visa Debit Card.
Is the DBS Visa Debit Card widely accepted for international transactions?
Yes, the DBS Visa Debit Card is widely accepted for international transactions. However, it’s always a good idea to check with the merchant or your bank before making any international transactions to avoid any unexpected fees or issues.
How do I apply for the DBS Visa Debit Card to get the 5% cashback?
To apply for the DBS Visa Debit Card and get the 5% cashback, you can visit the DBS website or any DBS/POSB branch. You will need to meet the eligibility requirements and provide the necessary documents.
Which transactions are eligible for the 5% cashback with the DBS Visa Debit Card?
The eligible transactions for the 5% cashback with the DBS Visa Debit Card vary depending on the current offers. As of the current date, you can earn up to 5% cashback on your local Visa contactless spend with the DBS Treasures Visa Debit Card.
What’s the maximum cashback I can earn with my DBS Visa Debit Card each month?
The maximum cashback you can earn with your DBS Visa Debit Card each month varies depending on the current offers and your spending habits. As of the current date, you can earn up to S$50 per customer per month with the DBS Treasures Visa Debit Card. However, it’s always a good idea to check the latest offers and terms and conditions to ensure you’re getting the most out of your card.