DBS Live Fresh Card | Cashback Credit Cards By DBS Singapore

Credit Cards

To appeal to the millennial crowd, the cashback credit card has an illustrated card design and simple mechanics. In this blog, we tell you about the DBS Live Fresh Card in Singapore.

DBS Live Fresh Card Singapore

The DBS Live Fresh Card is a basic cashback credit card, but it is unlikely to please your parents. There are no benefits for necessities such as grocery shopping, gasoline, or utilities. The DBS Live Fresh Card, which is 100% aimed at millennials and Generation Z, offers a 5% cash rebate on online and Visa contactless purchases. Everything else earns a pittance of 0.3%.

The total monthly cashback is capped at $60; additionally, the cap is divided into three categories: $20 for online spending, $20 for Visa Contactless spending, and $20 for all other spending. Also, there’s an extra 5% cashback (capped at $15 per month) for sustainable spending. This category includes public transportation, bike/car sharing, and certain F&B and retail establishments.

Annual Fee, Income Requirement

The annual fee for this card is $192.60 and waived for 1 year. Also, there’s a supplementary fee of $96.30 with 25-day interest-free period. The annual interest rate stands at 26.80% . And the late payment penalty  is of $100 along with a minimum monthly repayment is 3% or $50, whichever is greater.

Minimum Spend 

To qualify for this card’s bonus cashback, you must spend a minimum of $600 per calendar month. To reach the cashback cap on Visa contactless payments and online purchases, you must spend $400 in each category for a $40 cashback. If you spend enough to reach the cashback cap, you will automatically meet the monthly minimum spend. Otherwise, you’ll only earn 0.3% on all of your purchases. You don’t want all your hard work to go to waste, believe me.

DBS Live Fresh Card Cashback Benefits

If you like to go grocery shopping at atas supermarkets and dine at expensive cafes, this card offers an additional 5% cashback on online spend. For the rest of us who stick to NTUC and the kopitiam, you can still get the bonus cashback by taking public transportation or using car sharing services.

Aside from sustainable spend, the other bonus cashback categories – online spend and Visa contactless payments – offer 5% cashback. The DBS Live Fresh Card’s most appealing feature is its additional 5% cashback on public transportation and car sharing services.

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