Best Online Shopping Cashback Card for Hip Millennials
DBS Live Fresh Card
Cash Back
Sign-up Gift
Minimum Spend
DBS, one of Singapore’s top banks, gave their DBS Live Fresh Card a makeover to appeal to the millennial crowd. Combining style and attractive rewards, this credit card is great for online shopping and mobile payments. Plus, it is advertised as the first eco-friendly card in Singapore since it offers 5% cashback on selected eco-restaurants, retailers, and transport services.
Best for hip millennials who want a versatile cashback card for both online and mobile payments.
DBS Live Fresh Card Rewards
Key Features
- Singapore’s first eco-friendly credit card. It is sustainable and made from 85.5% recycled plastic.
- Earn up to 5% cashback on online and Visa contactless purchase
- Additional 5% green cashback on selected eco-eateries, retailers, and transport services.
- 0.3% cashback on all other spend
- S$600 minimum spend requirement
Dining
- Up to S$15 off at RedMart. This promo is valid till 14/09/2021.
- Up to 25% off at Goodwood Park Hotel, valid till 21-09/2021
- Up to 25% off at Grand Shanghai Restaurant, valid till 21-09/2021.
- 10% off your total bill at Overrice, valid till 31/12/2021
For more dining rewards, visit here.
Shopping
- Extra 5% off new gem-set jewelry at Maxi-Cash, valid till 31/12/2022.
- S$40 off Dyson technology, valid till 18/10/2021
- Receive up to S$25 Far East Malls eVouchers via shopFarEast App, valid till 29/08/2021.
- Additional 8% off at Simmons, valid till 31/07/2022.
For more shopping rewards, visit here.
Online Shopping
- Shopee
- New users will enjoy S$8 off with a minimum spend of S$16
- Existing users will enjoy S$4 off with no minimum spend
- S$10 off a min. spend of S$100 every Thursday
- Taobao
- New user: 40RMB off with minimum spend of 100RMB
- Existing user: S$5 off with minimum spend of S$100
Cashback Benefits
- Earn up to 5% cashback on online and Visa contactless spend, Samsung Pay, Apple Pay, Google Pay.
- Additional 5% green cashback when you spend at select eco-friendly merchants
Pros & Cons
Pros
- Attractive rewards on VISA PayWave contactless payment methods
- Eco-friendly card by providing cashback on eco-eateries and retailers
- A variety of entertainment discounts and promotions
Cons
- Lacks perks for necessities likes grocery shopping, utilities, or petrol
- Lack travel and overseas transaction rewards
- Not a great option for individuals with low budgets.
How to Apply
Age Requirement
21 years old and above
Minimum Annual Income
Singapore and Permanent Residents
S$30,000
Foreigners
S$45,000
Fees and Charges
| Annual Fee | S$192.60 |
| Fee waiver | Waive for First Year |
| Annual Interest Rate | 26.8% p.a. |
| Late Payment Fee | S$100 |
| Cash Advance Fee | $15 or 8%, whichever is highest |
| Minimum Monthly Spend / Monthly Payment: | $350 or 3%, whichever is highest |
| Foreign Currency Transaction Fee | 3.25% |
Income Documents
Existing DBS Credit Card Member
- There is no additional requirement required. You can log into your DBS Internet Banking to apply.
New DBS Credit Card Member (Singaporean/Permanent Residents)
- A copy of your NRIC (front and back)
- Latest 3 months payslips or 3 months CPF Contribution History Statement
- Latest 1-year Income Tax Notice Assessment
- Proof of residences such as utility bill
- For employees with less than 3 months service: a copy of Staff Pass and latest computerized payslips
Disclaimer: This information may differ from what you see when you visit other financial service websites or the product’s official site, but Loan Advisor continues to keep every detail updated and accurate. This site may be compensated through third-party advertisers. However, the results of our comparison tools which are not marked as sponsored will always be based on objective analysis.
How Does It Compare With Other Credit Cards In Singapore?
Credit Card | Rewards | Cashback | Annual Interest | Minimum Spend | Minimum Income Requirement | |
DBS Live Fresh Card |
| Up to 5% cashback on online spend and Visa contactless spend
5% green cashback when you spend at select eco-friendly merchants
0.3% on all other purchases
Up to S$75 cashback cap | 26.80% | S$600 | Singaporean/PR: S$30,000 Foreigner: S$45,000 | |
Citi Cash Back Card |
| Up to 8% cashback on dining, groceries, and petrol
Up to 20.88% savings from Shell & Esso
Cashback capped at S$80 per category per month | 26.90% | S$800 | Singaporean/PR: S$30,000 Foreigner: S$42,000 | |
HSBC Visa Platinum Credit Card |
| 5% cashback on Dining, Groceries, & Petrol
Cashback capped at S$2500 | 25.90% | S$600 | Singaporean/PR: S$30,000 Foreigner: S$40,000 | |
Citi Cash Back+ Mastercard |
| 1.6% cashback on eligible spend
Unlimited cashback cap | 26.90% | S$0 | Singaporean/PR: S$30,000 Foreigner: S$42,000 | |
Standard Chartered Unlimited Cashback Credit Card |
| Up to 1.5% cashback on eligible spend
Unlimited cashback cap | 26.90% | S$0 | Singaporean/PR: S$30,000 Foreigner: S$60,000 | |
American Express Singapore Airlines KriFlyer Credit Card | S$1=1.1 Miles on local spend
S$1=2 miles on overseas spend
S$1= 3.1 miles on Grab rides | N/A | 26.90% | S$0 | Singaporean/PR: S$30,000 Foreigner: S$60,000 | |
Benefits and Challenges for DBS Live Fresh Card
The DBS Live Fresh Card is a versatile cashback credit card that is perfect for those who prefer online and mobile payments. Marketed towards millennials, this credit card offers up to 5% cashback on online retail spend and on eligible Visa contactless spend.
On top of that, the DBS Live Fresh card also offers 5% cashback when you eat or shop at select eco-eateries, retailers, and transport services. All other spends will earn around 0.3% cashback.
Keep in mind that not all spending will be rewarded with a cashback, such as cash advance, balance transfer, bill payments via internet banking, tax payment, postal services, and others.
So what’s the drawback?
If you prefer to enjoy perks for necessities like grocery shopping, utilities, and petrol, it’s best to look for another card. The DBS Live Fresh card focuses on offering privileges for fashion and dining. Additionally, the bonus rebates are only for online shopping.
Lastly, the total monthly cashback is capped at S$75 which is low compared to the competition. On top of that, this cap is split into 4 categories: online spend capped at S$20, S$20 for Visa contactless spend, S$15 for sustainable spend, and S$20 on other spend.
With a high minimum spend requirement of S$600, one would expect a higher cashback limit.
Our Verdict
The DBS Live Fresh Card is an attractive option if you enjoy online transactions. To maximize your spending using this card, you need to target the combined S$40 cap on online spend and Visa contactless spend. However, you also need to meet the relatively high minimum spend of S$600.
That said, if your spending habits are concentrated on practical necessities like groceries, dining, and petrol, then you’re better off with a different cashback credit card.
With the DBS Live Fresh card, you’ll only earn a 0.3% cashback for general purchases. This is really low compared to the 5% cashback rate of the competition.
Still, some individuals find the DBS Live Fresh Card a great choice for earning cashback without paying attention to their spending habits.
FAQs
How to Maximize The Use of DBS Live Fresh Card?
DBS Live Fresh Card is just like any other cashback credit card. You earn rewards on an eligible transaction. To maximize the use of this card, you need to make online purchases and focus on Visa contactless spend.
In doing so, you’ll be earning up to 5% cashback. Other types of purchases will only earn you a 0.3% cashback, which is relatively low compared to other cashback cards.
Can I Waive The DBS Live Fresh Card Annual Fee?
To waive the annual fee of your DBS Live Fresh card, you need to submit your waiver request via DBS’ digital services.
You can waive credit card fees and charges via:
- DBS digibot
- Digibank online
- Phone banking
Additionally, you can pay off the annual fee using your DBS points. Make sure to redeem the points 1 month before the Annual fee due date.
How Do I Activate My DBS Live Fresh Card?
You can activate your card through SMS, DBS digibank app, or iBanking.
Send an SMS to 77767:
- Activate card’s last 4 digits
- If you have a foreign-registered mobile number, it’s best to use iBanking or DBS digibank app.
DBS Digibank App:
- Login to DBS digibank app
- Tap “Card Services”
- Tap “Activate Credit Card or Activate ATM/Debit Card”
- Follow instructions on the DBS digibank app screen to complete activation
Note: There are promos which you can avail if you activate and make a min. spend of S$800 within 60 days from Card Approval Date.
Conclusion
Key Takeaways:
- DBS Live Fresh Card is a great cashback card for those who enjoy online shopping and Visa contactless transactions
- Singapore’s first eco-friendly credit card. It is sustainable and made from 85.5% recycled plastic.
- With DBS Live Fresh Card, you can enjoy up to 5% cashback on eligible online spend and VISA contactless.
- Additional 5% green cashback on selected eco-eateries, retailers, and transport services.
The DBS Live Fresh Card is primarily marketed towards millennials. However, it is perfect for consumers intent on maximizing their cashback for online shopping and contactless spend. But if you’re looking for a more versatile card with higher cashback rewards, it’s best to look at other options in the market.
Looking for other ways to pay off other spending needs? You may consider taking out a personal loan since it has a lower interest rate than credit cards.
Request up to three loan quotes at Loan Advisor to find the best deals. They are the number one most trusted loan comparison site in Singapore with up-to-date information about the top licensed moneylenders.
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