Best DBS/POSB Credit Cards in Singapore (2024)
updated: Nov 16, 2024
Regardless of whether you want to earn cashback, miles or rewards points in general, the largest local bank in Singapore has you covered. Here are the DBS/POSB credit cards worth your consideration.
written_by SingSaver Team
Every spending situation is unique. SingSaver assembles the 'Best For' list, so you can decide what’s best for you.
| Up to 6% cashback on select spend, plus 0.3% unlimited base cashback: DBS Live Fresh Best cashback on dining, groceries, shopping, etc.: POSB Everyday Card 1.3 mpd on local spend and 2.2 mpd on foreign spend: DBS Altitude Visa | DBS Altitude AMEX Up to 5X or 10X DBS Points: DBS Woman's Card | DBS Woman's World Card |
Did you know that no matter which DBS/POSB credit card you end up going for, there are plenty of nice perks you can enjoy as a DBS/POSB credit card member? From deals and promotions to earning tangible rewards, the sky’s the limit.
Not to forget, you can also earn higher interest rates of up to 4.10% p.a. with the DBS Multiplier Account as you credit your income/ dividends, spend on your DBS/POSB credit card, finance your DBS home loan, purchase insurance policies and invest.
Interested in getting a DBS/POSB credit card but aren’t sure which one is right for you? Read on and click ahead — we’ve rounded up the best DBS/POSB credit cards for your easy reference.
Table of contents
- Overview: Best DBS/POSB credit cards
- Best for cashback: DBS Live Fresh, DBS yuu & POSB Everyday
- Best for miles: DBS Woman's Card, DBS Woman's World Card & DBS Altitude Visa / AMEX
- Best for Gen-Zs and millennials: DBS Live Fresh & DBS Woman's World Card
- Best for online shopping: DBS Woman's Card, DBS Woman's World Card, DBS Live Fresh
- Best all-round credit card: POSB Everyday
Looking for the best credit cards to complement your spending patterns and expenditure in 2024? Check out our Ultimate Credit Card Guide that covers all things credit cards in Singapore – from choosing between a cashback, miles, or rewards credit card to planning your credit card strategy.
Overview: Best DBS/POSB credit cards
|
Best for |
Credit card |
Key benefits |
|
Cashback |
DBS Live Fresh Card |
Up to 6% cashback on Shopping & Transport Spend
0.3% unlimited cashback on all other spend
No cashback cap for all eligible spend |
|
DBS yuu Card |
36 yuu points (18% cashback) at participating merchants with S$600 minimum spend 10 yuu points (5% base cashback) at participating merchants with no minimum spend |
|
|
Miles |
DBS Altitude Visa Card |
2X complimentary airport lounge passes per year
1.3 mpd local spend
2.2 mpd foreign currency spend
Up to 3 mpd on Agoda bookings via DBS TMP
Membership renewal bonus of 10,000 miles |
|
DBS Altitude AMEX Card |
||
|
DBS Woman’s Card |
5X DBS Points per S$1 spend on online purchases (2 mpd) 1X DBS Points per S$1 spend on all other purchases (0.4 mpd) |
|
|
DBS Woman’s World Card |
10X DBS Points per S$1 spend on online purchases (4 mpd) 3X DBS Points per S$1 spend on overseas purchases (1.2 mpd) 1X DBS Point per S$1 spend on all other spend (0.4 mpd) |
|
|
Gen-Zs and millennials |
DBS Live Fresh Card
|
Up to 6% cashback on Shopping & Transport Spend
0.3% unlimited cashback on all other spend
No cashback cap for all eligible spend |
|
DBS Woman’s Card |
5X DBS Points per S$1 spend on online purchases (2 mpd)
1X DBS Points per S$1 spend on all other purchases (0.4 mpd) |
|
|
Online shopping |
DBS Live Fresh Card
|
Up to 6% cashback on Shopping & Transport Spend
0.3% unlimited cashback on all other spend
Shopping and transport cashback capped at S$70 per month
No cashback cap for all eligible spend |
|
DBS Woman’s Card |
5X DBS Points per S$1 spend on online purchases (2 mpd)
1X DBS Points per S$1 spend on all other purchases (0.4 mpd) |
|
|
DBS Woman’s World Card |
10X DBS Points per S$1 spend on online purchases (4 mpd) |
|
|
All-round credit card |
POSB Everyday Card
|
Up to 10% cash rebate on dining (capped at Daily$15 per month)
5% cashback on Amazon.sg, Lazada, Qoo10, Shopee, RedMart, iHerb, Taobao and Popular Online Store (capped at Daily$15 per month)
5% cash rebate at Sheng Siong (capped at Daily$50 per month)
Up to 3% cash rebate on recurring electricity bills (capped at Daily$3 per month)
3% cash rebate on recurring telco bills (capped at Daily$3 per month)
Up to 20.1% fuel savings + 2% additional cash rebates at SPC |
Best for cashback: DBS Live Fresh, DBS yuu & POSB Everyday
Cashback credit cards are some of the most straightforward types of rewards credit cards out there.
DBS Live Fresh Card could be your daily expenditure card since it offers up to 6% cashback for shopping and transport, plus 0.3% unlimited cashback for all eligible spend.
DBS yuu Card offers a base cash rebate of 5% (10 yuu points) at participating merchants with no minimum spend required.
You'll earn an additional 13% cash rebate (26 yuu points) when you spend a minimum of S$600 per month, or up to 18% cashback in total (36 yuu points).
However, note that you'll need to link your DBS yuu card to the yuu mobile app and pay by scanning your yuu ID to enjoy the maximum cash rebate. That's because the yuu app offers 0.5% cash rebate (1 yuu point), whereas the card earns you a 4.5% cash rebate (9 yuu point).
On the other hand, the POSB Everyday Card is a great option if you have a family to support since it rewards you on various expenses from dining, online shopping and personal care to groceries, petrol, utilities, and telco bills.
|
DBS Live Fresh Card |
DBS yuu Card |
POSB Everyday Card |
|
|
Key Benefits |
Up to 6% cashback for shopping (both local and overseas) spend and transport spend, including SimplyGo rides
0.3% unlimited cashback for all other spend
|
5% base cashback at participating yuu merchants, no minimum spend |
Up to 10% cash rebate on dining (capped at Daily$15 per month)
5% cashback on Amazon.sg, Lazada, Qoo10, Shopee, RedMart, iHerb, Taobao and Popular Online Store (capped at Daily$15 per month)
5% cash rebate at Sheng Siong (capped at Daily$50 per month)
Up to 3% cash rebate on recurring electricity bills (capped at Daily$3 per month)
3% cash rebate on recurring telco bills (capped at Daily$3 per month)
Up to 20.1% fuel savings + 2% additional cash rebates at SPC |
|
Cons |
Min. spend S$800 monthly required to earn 6% cashback, otherwise you’ll earn 0.3% |
Cash rebates only available at participating merchants, including Cold Storage, 7-Eleven, Guardian, Giant, BreadTalk, Toast Box, Food Junction, Gojek, foodpanda, and more |
Min. spend S$800 required to earn up to 10% on dining.
Min. spend S$800 required to earn 5% cashback on online shopping on RedMart, iHerb, Lazada, Qoo10, Shopee and Amazon.sg, Taobao and Popular Online Store.
Min. spend S$800 required to earn 3% cash rebates for telco spend
Sheng Siong cashback capped at S$30 per calendar month
Cashback on recurring electricity bills capped at S$5 per calendar month
Cashback on recurring telco bills capped at S$3 per calendar month |
|
Annual fee |
S$196.20 (first year waived) |
S$196.20 (first year waived) |
S$196.20 (first year waived) |
|
Minimum annual income |
S$30,000 (Singaporeans and Singapore PRs)
S$45,000 (foreigners) |
S$30,000 (Singaporeans and Singapore PRs)
S$45,000 (foreigners) |
S$30,000 (Singaporeans and Singapore PRs)
S$45,000 (foreigners) |
Best for miles: DBS Woman's Card, DBS Woman's World Card & DBS Altitude Visa / AMEX
The best DBS miles card is the DBS Woman's World Card.
As unintuitive as it may be, both men and women are allowed to sign up for DBS Woman’s World Card (and DBS Woman’s Card) if they so wish. These two rewards credit cards from DBS dole out generous rewards points on online purchases. The best part? No minimum spend!
|
DBS Woman’s Card |
DBS Woman’s World Card |
|
|
Key Benefits |
5X DBS Points per S$1 spend on online purchases (2 mpd)
1X DBS Points per S$1 spend on all other purchases (0.4 mpd)
|
10X DBS Points per S$1 spend on online purchases (4 mpd)
3X DBS Points per S$1 spend on overseas purchases (1.2 mpd)
1X DBS Point per S$1 spend on all other spend (0.4 mpd)
[Update!] Bonus points capped at S$1,500 online spend per calendar month |
|
Cons |
Bonus points capped at S$1,000 online spend per calendar month
DBS points are only awarded for every S$5 spent, rounded down to the nearest whole number |
High annual income requirement of S$80,000
DBS points are only awarded for every S$5 spent, rounded down to the nearest whole number |
|
Annual fee |
S$163.50 (first year waived) |
S$196.20 (first year waived) |
|
Minimum annual income |
S$30,000 (Singaporeans and Singapore PRs) |
S$80,000 (Singaporeans, Singapore PRs, or foreigners) |
Aside from that, there's also the DBS Altitude Card. There are two variants to choose from — Visa or American Express — depending on your preference and the extra perks that come with each credit card.
|
DBS Altitude Visa |
DBS Altitude American Express |
|
|
Key Benefits |
1.3 mpd local spend Up to 3 mpd on Agoda
Annual card renewal 10,000-mile bonus when you pay the annual fee
Get up to S$200,000 complimentary travel accident insurance coverage when you charge your full travel fare to this card |
1.3 mpd local spend
Up to 3 mpd on Agoda
Annual card renewal 10,000-mile bonus when you pay the annual fee
Get up to S$200,000 complimentary travel accident insurance coverage when you charge your full travel fare to this card |
|
Extra perks |
Two free Priority Pass lounge visits within each 12-month period of your membership
1.3 mpd on your bus/MRT rides. Min. spend of S$1.67 on bus/train rides is required to qualify for 1 DBS Point
Visa Digital Concierge
Golf Club Privileges
Visa Airport Transfer Service discount |
Up to 50% savings on dining, shopping, accommodation and more with Live The World
10% savings on outlet price and services at The Bicester Village Shopping Collection in Europe
Complimentary Mr and Mrs Smith SilverSmith membership |
|
Cons |
DBS points are only awarded for every S$5 spent, rounded down to the nearest whole number
Each conversion of DBS points to miles will be subjected to an administrative fee of $27 (inclusive of GST) |
DBS points are only awarded for every S$5 spent, rounded down to the nearest whole number
Each conversion of DBS points to miles will be subjected to an administrative fee of S$27 (inclusive of GST)
American Express is less widely accepted compared to Visa |
|
Annual fee |
S$196.20 (first year waived) |
S$196.20 (first year waived) |
|
Minimum annual income |
S$30,000 (Singaporeans and Singapore PRs) |
S$30,000 (Singaporeans and Singapore PRs) |
Best for Gen-Zs and millennials: DBS Live Fresh & DBS Woman's World Card
It isn’t far-fetched to say that Gen-Zs and millennials are adept at all things online, including buying anything and everything off the internet effortlessly. DBS Live Fresh Card and DBS Woman’s Card are particularly great for those who have a penchant for doing their shopping online.
These two cards have a minimum annual income requirement of just S$30,000 — great even if you are a freshly-minted entrant to the workforce.
|
DBS Live Fresh |
DBS Woman’s Card |
|
|
Key Benefits |
Up to 6% cashback for local and overseas shopping spend and transport, including SimplyGo rides
0.3% unlimited cashback for all other spend S$70 cashback cap per calendar month: - S$50 on shopping spend - S$20 on transport spend
No cashback cap for all other eligible spend |
5X DBS Points per S$1 spend on online purchases (2 mpd)
1X DBS Points per S$1 spend on all other purchases (0.4 mpd)
No min. monthly spend required |
|
Cons |
Min. monthly spending of S$800 required to earn 6% cashback, otherwise, 0.3% cashback |
Bonus points capped at S$1,000 online spend per calendar month
DBS points are only awarded for every S$5 spent, rounded down to the nearest whole number |
|
Annual fee |
S$196.20 (first year waived) |
S$163.50 (first year waived) |
|
Minimum annual income |
S$30,000 (Singaporeans and Singapore PRs) |
S$30,000 (Singaporeans and Singapore PRs) |
Best for online shopping: DBS Woman's Card, DBS Woman's World Card, DBS Live Fresh
DBS Woman’s World Card, DBS Woman’s Card and DBS Live Fresh Card are credit cards that reward you handsomely for local online purchases. The most generous of them all — DBS Woman’s World Card — is also the hardest to attain as it has a rather high annual income requirement of S$80,000 (though, it's said that the income requirement isn't particularly strict, especially if you're an existing DBS cardholder).
| DBS Woman’s Card | DBS Woman’s World Card | DBS Live Fresh | |
| Key Benefits |
5X DBS Points per S$1 spend on online purchases (2 mpd) 1X DBS Points per S$1 spend on all other purchases (0.4 mpd)
No min. monthly spend required
Complimentary e-commerce protection for online purchases |
10X DBS Points per S$1 spend on online purchases (4 mpd)
3X DBS Points per S$1 spend on overseas purchases (1.2 mpd)
1X DBS Point per S$1 on all other spend (0.4 mpd)
No min. monthly spend required
Complimentary e-commerce protection for online purchases
[Update!] Bonus points capped at S$1,500 online spend per calendar month |
Up to 6% cashback for local and overseas shopping spend and transport, including SimplyGo rides
0.3% unlimited cashback for all other spend
S$70 cashback cap per calendar month: - S$50 on shopping spend - S$20 on transport spend
No cashback cap for all other eligible spend |
| Cons |
Bonus points capped at S$1,000 online spend per calendar month
DBS points are only awarded for every S$5 spent, rounded down to the nearest whole number |
High annual income requirement of S$80,000 DBS points are only awarded for every S$5 spent, rounded down to the nearest whole number
DBS points expire in a year |
Min. spend S$800 monthly required to earn 6% cashback, otherwise you’ll earn 0.3% |
Best all-round credit card: POSB Everyday
An individual who has his or her own family to support may find their ideal all-in-one credit card in the form of POSB Everyday Card.
This cashback credit card offers cash rebates on dining, online shopping, Watsons purchases, grocery shopping at Sheng Siong, recurring electricity and StarHub bills and SPC petrol purchases. Most grounds are covered.
You can even pair this card with the DBS Multiplier Account to earn 4.10% p.a. or more on your hard-earned savings.
|
Key benefits |
Pros |
Cons |
|
Up to 10% cash rebate on dining |
10% cashback on online food delivery transactions on foodpanda, Deliveroo and WhyQ only
3% cashback on all other dining spend (online and offline) under MCC 5811, 5812 and 5813 only |
Min. S$800 monthly spend required
Dining rebate cap - S$15 per calendar month |
|
5% cash rebate on online shopping |
Only available for online shopping on RedMart, iHerb, Lazada, Qoo10, Shopee, Amazon.sg, Taobao and Popular Online Store |
Min. S$800 monthly spend required
Rebate cap - S$15 per calendar month |
|
5% cash rebate at Sheng Siong |
No min. spend required |
Rebate cap - S$30 per calendar month |
|
3% cash rebate on recurring electricity bills |
Includes SP Group, Geneco, Sembcorp Power+, Union Power, Keppel Electric, Senoko Energy, Tuas Power
No min. spend required |
Cash rebate on recurring electricity bills is capped at S$5 per calendar month |
|
3% cash rebate on recurring telco bills |
Includes StarHub, Singtel, Singtel GOMO, StarHub giga, M1, MyRepublic, and Circles.Life |
S$800 min. spend required |
|
Up to 20.1% fuel savings at SPC |
No min. spend required |
20.1% savings stem from discounts from SPC&U Card and DBS/POSB Card, as well as cash rebates from POSB Everyday Card |
Conclusion
Like most banks, DBS credit cards can be segregated into cashback or miles.
The best DBS cashback card for daily expenditure is the DBS Live Fresh Card, which rewards you with up to 6% cashback with a minimum spend of S$800, plus a 0.3% unlimited base cashback rate. You can use it for everyday spending such as shopping, dining, groceries, ride-hailing services, and public transport rides.
However, the DBS yuu Card is also an excellent cashback card, offering up to 18% cash rebate with a monthly minimum spend of S$600. Even if you don't hit the S$600 minimum spending requirement, you'll still get 5% cashback at Guardian, Gold Storage, Giant, 7-Eleven, BreadTalk, Toast Box, foodpanda, Singtel retailers, and more.
If you're into miles, the DBS Woman's World Mastercard is one of the best miles cards, offering 4 mpd on the first S$1,500 of your online spend. While it has a high minimum annual income of S$80,000, it's not uncommon for those earning below that threshold to get approval, especially if you're an existing DBS cardholder.
Aside from that, the DBS Altitude Card is also a solid alternative; it offers 1.3 mpd on local spend and 2.2 mpd for foreign currency spend.
Additionally, you'll also get two free lounge passes a year (Visa version only) and your DBS Points never expire. If you own the DBS Woman's World Card or DBS Woman's Card, your DBS Points also pool together, so you can minimise orphan miles and paying conversion fees.
about_the_author
SingSaver Team
At SingSaver, we make personal finance accessible with easy to understand personal finance reads, tools and money hacks that simplify all of life’s financial decisions for you.