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DBS Live Fresh Card – MoneySmart Review 2021

·5-min read
dbs live fresh card
dbs live fresh card

Singapore’s go-to bank DBS must really want to change up their mundane, workaday image — just look at the snazzy DBS Live Fresh Card. The cashback credit card has an attractive card design and fuss-free mechanics to appeal to the millennial crowd.

Let’s see if the DBS Live Fresh Card has the substance to match its style.

DBS Live Fresh Card terms & conditions

DBS Live Fresh Card

Annual fee & waiver

$192.60 (waived for 1 year)

Supplementary annual fee

$96.30

Interest free period

25 days

Annual interest rate

26.80%

Late payment fee

$100

Minimum monthly repayment

3% or $50, whichever is higher

Foreign currency transaction fee

3.25%

Cash advance transaction fee

8% or $15, whichever is higher

Overlimit fee

$40

Minimum income

$30,000 (Singaporean/PR) / $45,000 (non-Singaporean)

Card association

Visa

Wireless payment

Apple Pay, Samsung Pay, Google Pay

How the DBS Live Fresh Card works

The DBS Live Fresh Card is a basic cashback credit card, but it’s not one my parents will appreciate. There are absolutely no perks for necessities like grocery shopping, petrol or utilities.

100% targeted at millennials, the DBS Live Fresh Card offers up to 5% cash rebate on online and Visa contactless spend. Everything else earns 0.3% — almost negligible in my opinion.

Total monthly cashback is capped at $60; adding to that, the cap is further split into 3 categories: $20 for Online Spend, $20 for Visa Contactless Spend and $20 for all other spend.

There’s an additional 5% cashback (capped at $15 a month) for sustainable spending, if you can be bothered to game that. This category includes public transport, bike/car sharing and selected F&B and retail outlets.

DBS logo
DBS logo

Online Promo

Online & Visa Contactless Spend

DBS Live Fresh Card

Cash Back on Online Spend & Visa Contactless

Up to 5%

Min. Spend

S$600

Cash Back Cap

Up to S$75

Online Promo:

Get powered up with up to 28% cashback when you apply online for a DBS/POSB Credit Card with the promo code “MORECASH”. Valid till 31 Jan 2022.


Valid until 31 Jan 2022

Apply Now

More Details

Key Features

  • Earn up to 5% cashback on Online & Visa contactless spend with a minimum spend of S$600 per calendar month

  • Earn 0.3% cashback on all other spend

  • All-in-one card: Use the same card for your bus and train rides, and ATM withdrawals

  • Enjoy 1-year annual fee waiver

See all card details

Who should use the DBS Live Fresh Card?

If you haven’t already guessed, the DBS Live Fresh Card belongs in the pockets of Gen Z and millennials who rely on the internet to get stuff done.

There aren’t any specific bonus rebates for key categories (like groceries, dining and the likes), but in this day and age, you can pay for everything with just a click or wave right?

If it can’t be ordered online, cardholders can make use of the 5% cashback on contactless payment methods to still earn some rebates when spending on those necessities. But bear in mind — cashback is capped at $20.

When the card was re-launched in 2017, the DBS Live Fresh Card had a super generous bonus cashback promotion (think 5+5% cashback), but those days are gone.

You can also expect hassle-free rides when you take the bus and train with your DBS Live Fresh Card. Never bother about topping up the value in your EZ link card again. Actually, you won’t even need it anymore.

Alternatives to the DBS Live Fresh Card

Almost all the banks in Singapore are fighting over millennial dollars — after all, young Singaporeans have zero brand loyalty (how many credit cards do you have?) and can be easily persuaded to part with what little money we have.

So as expected, the DBS Live Fresh Card has some serious competition. Let’s see how it stacks up against the others:

UOB EVOL Card – Another credit card obviously targeting the same demographic as the DBS Live Fresh Card, the UOB EVOL Card offers a more attractive 8% cashback for online shopping and PayWave transactions, but with the same cashback cap of $60.

OCBC FRANK Card – Similar to DBS and UOB’s offerings, the OCBC FRANK Card lets you earn 6% on online shopping and mobile contactless (Apple Pay etc.) payments. The same minimum spend of $600 applies, but the cap is higher at $75.

OCBC logo
OCBC logo

OCBC Frank Card

Cash Back on Online Spend

6%

Cash Back Cap per month

S$75

Min. Spend per month on Total Purchases

S$600

Read More

More Details

Key Features

  • Minimum Total of $600 Spend

  • Up to 6% Cashback for Mobile Payments

  • 6% Rebate on FX Spending

  • S$75 Cap Monthly with $25 per Sub Category as per TNCs

  • 2 Years Fee Waiver for Principal Card, Subsequent Years Waived with Min. Spend of S$10,000 p.a.

See all card details

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Original article: DBS Live Fresh Card – MoneySmart Review 2021.

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