Best for Voucher Rebates and Annual Fee Waiver
DBS Takashimaya Card
At Takashimaya Store
Minimum Spend S$10-S$12
At Takashimaya Sales Event
If you’re looking for one of the best credit cards on the market right now, the latest DBS bank Takashimaya Visa Card offers regular shoppers tons of Takashimaya bonus points and voucher rebates, as well as a first year annual fee waiver. However, you’ll need to be a big spender to take full advantage. So, is the DBS Takashimaya credit card and/or debit card worth your while? Let’s find out.
DBS Takashimaya Credit/Debit Card Rewards
Key Features
- Two Options Available
Pick from the DBS Takashimaya Visa Card or DBS Takashimaya American Express Card depending on your needs.
- Annual Fee Waiver
Get a first-year annual fee waiver with either DBS Takashimaya American Express or the DBS Takashimaya Visa Card.
- Generous Voucher Rebates
Enjoy 5 – 6% voucher rebates at Takashimaya Department Store branches and earn 2 Takashimaya Bonus Points with every minimum spend (or minimum charge) of $10 – $12 using your DBS Takashimaya Visa Card or American Express Card, respectively.
- Big Savings at Takashimaya Department Store Events
If you’re visiting Takashimaya Department Store enjoy saving an additional 10% at selected sale events.
- Cash Card Parking Perks
Get a $6 topup for parking on your CashCard with every minimum spend (or minimum charge) using your DBS Takashimaya Visa Card or American Express Card at Takashimaya Department Store.
Groceries
- Any money you spend on grocery shopping at Takashimaya Department store can be turned into the rebates we’ve already mentioned, while every $2,000 spent outside the store can also earn you a $10 rebate.
Petrol and Parking
- There are no petrol benefits at the time of writing, but customers can get a $6 top up to their CashCard for parking with a minimum charge of $250 at the department store.
Online Shopping
- Unfortunately, Takashimaya online store purchases are not currently eligible to earn bonus points – but you can enjoy tons benefits in store!
Shopping
- You can access extensive voucher rebates whenever you spend money at Takashimaya Department Stores here in Singapore – as well as at Takashimaya Japan, Thailand, Ho Chi Minh and Shanghai. We’ve outlined the percentages up for grabs in the section above.
Pros & Cons
Pros
- First-year annual fee waiver from the bank
- Earn voucher rebates of 5 – 6% in store
- Tons of Takashimaya Bonus Points up for grabs
- Discounts at selected sale events
- $6 parking top up
Cons
- Minimum payment or min spend required for most perks
- Only bigger spenders will get the best benefits
- Late payment charge of $100 on any outstanding balance above $200
- Other credit cards offer cash advance, more key features and competitive interest rates
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 per principal card, S$96.30 for each supplementary card |
| Fee waiver | Waive for First Year |
| Annual Interest Rate | 26.8% p.a. |
| Late Payment Fee | S$100 on any outstanding balance of $200 or more |
| Cash Advance Fee | $15 or 6%, whichever is highest |
| Minimum Monthly Spend / Monthly Payment: | $50 or 3%, whichever is highest |
| Foreign Currency Transaction Fee | 1.8% |
Income Documents
You will need to provide supporting documents as proof of income. In most cases, DBS will grant you a credit limit for all unsecured facilities capped at four times your monthly income.
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 DBS Takashimaya Compare with Other Credit Cards in Singapore?
Let’s take a quick look at how the DBS Takashimaya Card compares to some of the other best credit cards available on the Singaporean market right now:
Minimum Income | Interest | Cash Back | Minimum Spend | Rewards | |
DBS Takashimaya Visa / American Express Card | $30,000 (Singaporean)
$45,000 (Foreigner) | 26.80% p.a. | $30 worth of Takashimaya gift vouchers with every 100 Takashimaya bonus points
Even greater perks for Takashimaya Amex card members | $300 | Up to 300 Takashimaya bonus points per transaction for DBS Takashimaya Amex card members
Redeemable Takashimaya gift vouchers and rebates for all customers |
Citi Cash Back+ Mastercard | $30,000 (Singaporean)
$42,000 (Foreigner) | 26.90% p.a. | 1.6%
Unlimited cap | N/A | Redeem cash back instantly
Cash rebate via SMS or Pay with Points |
Standard Chartered Unlimited Cashback Credit Card | $30,000 (Singaporean)
$60,000 (Foreigner) | 26.90% p.a. | Up to 1.5%
Unlimited cap | N/A | 2 year fee waiver
Up to 22.61% fuel savings at Caltex |
American Express True Cashback Card | $30,000 (Singaporean)
$60,000 (Foreigner) | 26.90% p.a. | Up to 3.0%
Unlimited cap | N/A | Additional 1% cashback on foreign currency spend
No min spend or cap |
POSB Everyday Card | $30,000 (Singaporean)
$45,000 (Foreigner) | 26.80% p.a. | 0.3% for all purchases | N/A | Use SimplyGo as an MRT card to eliminate auto top up
Link to your current account or debit card |
DBS Live Fresh Card | $30,000 (Singaporean)
$60,000 (Foreigner) | 26.80% | Up to 5% available both online and via contactless payments | $600 min spend per month | 1 year fee waiver
0.3% earned on all other types of spending |
DBS Takashimaya Card: Our Verdict
So, are the DBS Takayama Visa Card and DBS Takashimaya American Express Card worth signing up for? Well, with so many amazing Takashimaya Bonus Points up for grabs, huge potential to accumulate voucher rebates and tons of other in store perks available, we think this credit card is a great option for anyone who likes to spend regularly at Takashimaya stores either here in Singapore or overseas.
That said, if you think you’re unlikely to hit those minimum charge and min spend limits, or you don’t spend too much time shopping at Takashimaya Department Store, you might do better to consider other Visa card, debit card and American Express cards instead, as well as alternative financial products such as personal and home loans, that might better suit your needs. Check out our comparison table above if you’d like to find an alternative card with more favourable minimum monthly payment or annual income requirements – or if you need other services like a cash advance or longer fee waivers.
DBS Takashimaya Card FAQs
How do I qualify for DBS bonus points?
With most DBS credit cards, every time a qualifying minimum charge is made to your card, you will earn DBS bonus points which can be exchanged for various rewards and discounts. That said, the DBS Takashimaya Card is not currently eligible for the standard DBS Points Redemption Programme – customers instead get the Takashimaya-based perks we have reviewed in this article.
How do I earn bonus points and Takashimaya gift vouchers?
With the Takashimaya credit card, you can earn 2 Takashimaya bonus points with every $12 charged to your Visa Card, or with every $10 charged to any DBS Takashimaya American Express cards.
Are there any transactions that don't earn bonus points?
Transactions that don’t meet the $12 and/or $10 limits will not incur bonus points.
What can I do with my Takashimaya bonus points?
You can exchange your bonus points for Takashimaya Gift Vouchers. For most customers, every 100 bonus points will earn you $30 worth of Takashimaya gift vouchers. That said, if you’re a DBS Takashimaya Amex card member, every 300 Takashimaya bonus points will get you $90 worth of Takashimaya Gift Vouchers in addition to this.
What other benefits do I get?
If you’re visiting a Takashimaya department store enjoy complimentary delivery service whenever you spend over $100. Just keep in mind that during 10% promotion days, this min spend limit rises to $200.
How do I know how many points I have and how do I redeem them with the bank?
You can quickly and easily track how many bonus points you have accumulated using the DBS PayLah app. Simply log in, click the Takashimaya icon and visit your “Takashimaya Bonus Points” summary page. If you’ve built up enough points, you can redeem them using the app to later spend in store.
Our DBS Takashimaya Final Thoughts
The DBS Takashimaya Visa Card and American Express Card both offer several great perks – especially to consumers who regularly spend money at Takashimaya stores. This new credit card enables you to:
- Earn anywhere up to 300 Takashimaya bonus points when you make qualifying purchases
- Get voucher rebates and amazing perks at sales events
- Enjoy a complimentary delivery service when shopping online or in store
If you like the sound of what you’ve read in this Takashimaya Visa Card review, you can apply for both types of card. Alternatively, you can compare other financial products ranging from home loans to personal finance using Loan Advisor’s comparison services.
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