DBS Live Fresh Student Card: Should You Get It?

DBS Live Fresh Student Card
DBS Live Fresh Student Card

DBS Live Fresh Student Card: Should You Get It?

Boosted Cashback for Young Social Spenders

Good for

  • Social YA with budgets for dining & entertainment
  • People who don't mind spending w/ specific merchants
  • Students looking to avoid an annual fee

Bad for

  • Beginners who want a straightforward card
  • Students with primarily functional budgets
  • Higher-spending young adults

Analyst's Rating

4.0/5.0

DBS Live Fresh Student Card is the best option on the market for social young adults with notable dining & entertainment spend. Cardholders earn 5% rebate with Starbucks, McDonald's (including McDelivery), Golden Village, Netflix & Spotify–all without a minimum spend requirement. Rewards are capped at S$15/month, which can be maxed out with a manageable S$300 merchant spend. Given general purchases earn just 0.3% cashback, DBS Live Fresh Student Card is best for those who have focused budgets and who don't mind shopping with specific vendors. Finally, the S$192.6 fee is waived for 5 full years, and by this time, most students will have already graduated to a mainstream card (perhaps DBS Live Fresh).

ProsCons
  • 5% rebate on select dining & entertainment
  • No minimum spend requirement
  • Annual fee waived 5 full years
  • Just 0.3% rebate on general spend
  • Boosted rebate capped at S$15/mo
  • Total rewards capped at just S$35/mo
Promotions:
  • New cardholders get AirPods with charging case (worth S$239) with min spend of S$900 within 90 days from card approval date (until Mar.31, 2021)
  • Use code: DBS10OFF300 to get S$10 off min spend of S$300 at PRISM+ (until July 31,2021)
  • Use code: DBSLF35 to get S$35 off with min spend of S$100 at Klook (until Apr.30, 2021)
Card Overview
Pros:
  • 5% rebate on select dining & entertainment
  • No minimum spend requirement
  • Annual fee waived 5 full years
  • Promotions: New cardholders get AirPods with charging case (worth S$239) with min spend of S$900 within 90 days from card approval date (until Mar.31, 2021)
  • Use code: DBS10OFF300 to get S$10 off min spend of S$300 at PRISM+ (until July 31,2021)
  • Use code: DBSLF35 to get S$35 off with min spend of S$100 at Klook (until Apr.30, 2021)
Cons:
  • Just 0.3% rebate on general spend
  • Boosted rebate capped at S$15/mo
  • Total rewards capped at just S$35/mo

What Makes DBS Live Fresh Student Card Stand Out

Boosted cashback, focused budget. Less competitive everyday Still, virtually maintenance-free (no minimums, fee waiver).

DBS Live Fresh Student Card is the absolute best option on the market for young adults with focused social budgets. Cardholders earn an incredible 5% cashback with select dining and entertainment merchants, including Starbucks, McDonald's, McDelivery, Golden Village, Netflix and Spotify. While this rate is capped at just S$15/month, students can max out their rewards with a fairly manageable S$300 spend. At this budget level, young adults would earn far less for their social spend with just about any alternative card.

Rewards Earned from S$300 Dining & Entertainment Spend

Student Credit CardDining & Entertainment RateEarned (on S$300 spend)
DBS Live Fresh Student5%S$15.00
Maybank eVibes1%S$3.00
CIMB AWSM1%S$3.00
SC Manhattan S$5000.25%S$0.75
DBS Live Fresh Student Card's 5% rebate rate is limited to spend with Starbucks, McDonald's, McDelivery, Golden Village, Netflix and Spotify; spend with other dining & entertainment merchants earns 0.3% rebate

This isn't the best option for all students, however. Young adults looking for a starter card might prefer a straightforward option like Read Our Full Review of Maybank eVibes Student Credit Card, which offers a flat 1% rebate on all spend (rather than just in select categories or with select merchants). DBS Live Fresh Student Card offers just 0.3% rebate on general spend, so "beginners"–or individuals with less specialised budgets–may end up earning little-to-no cashback on their purchases. Finally, older students with bigger budgets (S$1.5k/mo+) can earn more with an unlimited card, like Read Our Full Review of CIMB AWSM Card.

Even still, DBS Live Fresh Student Card is incredibly competitive, and is also nearly maintenance-free. There are no minimum spend requirements and the S$192.6 fee is waived for 5 full years. At this point, most cardholders will have graduated to a mainstream card with higher rates anyways. All in all, DBS Live Fresh Student Card is ideal for social students with focused dining & entertainment budgets.

How Does DBS Live Fresh Student Card's Rebate Program Work?

Use our quick guide below to learn how you can redeem DBS Live Fresh Student Card's rewards.

  • Every 1 dollar of cashback earned is equal to S$1
  • Cashback is credited to the cardholder's account every month
  • Cashback is automatically applied to part of the billed amount for that month
  • Cashback is forfeited and is non-transferable when an account is closed

DBS Live Fresh Student Card's Features and Benefits:

DBS Live Fresh Student Card
DBS Live Fresh Student Card
Card Overview
  • Annual Fee: S$192.60, Waived for 5 years
  • Income Requirement:
Eligibility
  • Must be an undergraduate student from NUS, NTU, SMU, SUTD, SUSS, SIT, Nanyang Polytechnic, Ngee Ann Polytechnic, Temasek Polytechnic, Singapore Polytechnic or Republic Polytechnic
  • Must not have an existing DBS/POSB Credit Card
Rewards Rate Details
  • 5% cashback on Starbucks, McDonald's & McDelivery, Golden Village, Netflix & Spotify (up to S$15/month)
  • 0.3% rebate on general spend (up to S$20/month)
  • No minimum spend requirement
Benefits & Perks
  • Access to special promos & giveaways
  • DBS "Cheat Sheet" discounts on shopping, dining & lifestyle
  • SimplyGo compatibility
Promotions:
  • New cardholders get AirPods with charging case (worth S$239) with min spend of S$900 within 90 days from card approval date (until Mar.31, 2021)
  • Use code: DBS10OFF300 to get S$10 off min spend of S$300 at PRISM+ (until July 31,2021)
  • Use code: DBSLF35 to get S$35 off with min spend of S$100 at Klook (until Apr.30, 2021)

DBS Live Fresh Student Card's Rewards Exclusions

The following credit card expenditures are ineligible for rewards.

Instalment payment plan purchases, preferred payment plans, balance transfer, fund transfer, cash advances, annual fees, interest, late payment charges, all fees charged by DBS, miscellaneous charges imposed by DBS (unless otherwise stated in writing by DBS)
Payments made via AXS (except Pay+Earn), SAM and eNETS; payments to utility bill companies; any top-ups or payment of funds to payment service providers, prepaid cards, any prepaid accounts or purchase of prepaid cards/credits (including but not limited to EZ-Link, GrabPay, NETS FlashPay and Singtel Dash)
Payments to educational institutions; payments to financial institutions (including but not limited to banks, online trading platforms and brokerages); payments to government institutions and services (court cases, fines, bail and bonds, tax payment, postal services, parking lots and garages, intra-government purchases and any other government services not classified here); payments to hospitals; payments to insurance companies (including but not limited to sales, underwriting and premiums); payments to non-profit organisations
Any betting transactions (including but not limited to levy payments to local casinos, lottery tickets, casino gaming chips, off-track betting and wagers); any transactions related to crypto currencies

How does DBS Live Fresh Student Card Compare Against Other Cards?

Read our comparisons of DBS Live Fresh Student Card with other cards and learn what makes each card unique in their own way. We compare and contrast each card to highlight its uniqueness to help you identify the card that you need.

DBS Live Fresh Student Card outperforms most competitors in value-to-consumer after two years based on a monthly spend of S$1,500
DBS Live Fresh Student v. Maybank eVibes Card
Maybank eVibes Card is the best starter card for students on the market. All spend–in all categories and with all merchants–earns 1% cashback. Additionally, there are no minimum spend requirements and no earnings caps. Finally, the S$5.0 quarterly fee (S$20.0/year) is waived with card use. Maybank eVibes Card is a bit easier to use than DBS Live Fresh Card, and therefore, may be a better option for young adults looking to open their first card.
DBS Live Fresh Student v. CIMB AWSM Card
CIMB AWSM Card
CIMB AWSM Card
  • Annual Fee: None
  • Stand-Out: Unltd 1% rebate on dining, entertainment & more for students
  • Read Our Full Review
CIMB AWSM Card is an excellent option for both students as well as low-income adults, as employees earning less than S$30k/year qualify. Cardholders earn 1% unlimited rebate on dining, entertainment, online shopping & telco. While this rate is lower than the 5% offered by DBS Live Fresh Student Card, there are no merchant restrictions and more categories are eligible. Additionally, CIMB AWSM Card has no annual fee–so even after 5 years, consumers won't need to worry about added expenses. Overall, CIMB AWSM Card is a better fit for students who want a slightly more flexible card, without having to give up on competitive rates.
DBS Live Fresh Student v. Citi Clear Card
Citi Clear Card
Citi Clear Card
  • Annual Fee: S$29.96
  • Stand-Out: 0.4 miles per S$1 for students, foodie privileges
  • Read Our Full Review
Student foodies who want to earn miles instead of cashback may want to consider Citi Clear Card. Cardholders earn 1 point–equal to 0.4 miles–per S$1 spend, with no category or merchant restrictions. While this rate may not be particularly competitive, Citi Clear Card at least partially makes up for it with perks. Students have access to Citi World Privileges and Citi Gourmet Pleasures, which provide dining, shopping, lifestyle and travel discounts. Student drivers can also enjoy up to 14% fuel savings with Esso and Shell; most student cards do not offer petrol discounts. There is a S$29.96 fee, but it's waived for the 1st year.
DBS Live Fresh Student v. Maybank eVibes
Maybank eVibes Card is the best starter card for students on the market. All spend–in all categories and with all merchants–earns 1% cashback. Additionally, there are no minimum spend requirements and no earnings caps. Finally, the S$5.0 quarterly fee (S$20.0/year) is waived with card use. Maybank eVibes Card is a bit easier to use than DBS Live Fresh Card, and therefore, may be a better option for young adults looking to open their first card.
DBS Live Fresh Student v. CIMB AWSM
CIMB AWSM Card
CIMB AWSM Card
  • Annual Fee: None
  • Stand-Out: Unltd 1% rebate on dining, entertainment & more for students
  • Read Our Full Review
CIMB AWSM Card is an excellent option for both students as well as low-income adults, as employees earning less than S$30k/year qualify. Cardholders earn 1% unlimited rebate on dining, entertainment, online shopping & telco. While this rate is lower than the 5% offered by DBS Live Fresh Student Card, there are no merchant restrictions and more categories are eligible. Additionally, CIMB AWSM Card has no annual fee–so even after 5 years, consumers won't need to worry about added expenses. Overall, CIMB AWSM Card is a better fit for students who want a slightly more flexible card, without having to give up on competitive rates.
DBS Live Fresh Student v. Citi Clear
Citi Clear Card
Citi Clear Card
  • Annual Fee: S$29.96
  • Stand-Out: 0.4 miles per S$1 for students, foodie privileges
  • Read Our Full Review
Student foodies who want to earn miles instead of cashback may want to consider Citi Clear Card. Cardholders earn 1 point–equal to 0.4 miles–per S$1 spend, with no category or merchant restrictions. While this rate may not be particularly competitive, Citi Clear Card at least partially makes up for it with perks. Students have access to Citi World Privileges and Citi Gourmet Pleasures, which provide dining, shopping, lifestyle and travel discounts. Student drivers can also enjoy up to 14% fuel savings with Esso and Shell; most student cards do not offer petrol discounts. There is a S$29.96 fee, but it's waived for the 1st year.
Carrie Arndt

Carrie is a Senior Analyst at ValueChampion, helping consumers find the best credit cards and other financial products based on quantitative and qualitative analysis. She previously led consumer studies worldwide as a Senior Research Executive at MMR Research, and led development & operations and BellaVetro. She attended Duke University and Penn State University, graduating with a degree in Political Science and Government. Her work has been featured on a variety of major media such as Yahoo Finance, Asia One, Buro, Zuu Online and more.

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