SAFRA DBS Debit Card: Is It the Cashback Card for You?
SAFRA DBS Debit Card: Is It the Cashback Card for You?
ValueChampion Rating 
Pros
- "Those who want to earn cashback on all spend
- Individuals with monthly expenses above S$400
- Those who want access to SAFRA Club facilities"
Cons
- Individuals who do not want to pay a membership fee
- Those with monthly budgets below S$400
The SAFRA DBS Debit Card offers a variety of cashback rates on all types of local spend. In particular, this card benefits individuals with monthly expenses above S$400. Cashback rebates are given in SAFRA$, where S$1 is equivalent to SAFRA$1. Cashback rebates can either be used to make purchases at SAFRA Clubhouse locations, or they can be redeemed and deposited into the cardholder's bank account. With no annual fee, while remaining a SAFRA member, this debit card offers great rewards at almost no cost to the card holder.
Table of Contents
- What Makes the SAFRA DBS Debit Card Stand Out
- Annual Fee & Monthly Limits
- Rewards, Perks & Benefits
- How to Redeem SAFRA$ Cash Rebates
- How to Apply
| Pros | Cons |
|---|---|
|
|
| Promotions:
| |
What Makes the SAFRA DBS Debit Card Stand Out?
The SAFRA DBS Debit Card offers competitive cashback rewards on all types of local spend. It offers rates on all local contactless spend, online transactions, and retail purchases, which provides value to virtually all cardholders. In order to qualify for cashback, an individual must spend a monthly minimum of S$400. The cashback earnings limit is capped at S$50, which is substantially higher than most other debit cards on the market.
Additionally, all SAFRA members get exclusive admittance to various SAFRA Clubhouses. Clubhouse privileges include access to swimming pools, gyms, and entertainment facilities. Members can earn SAFRA Points on each dollar spent at a SAFRA Clubhouse that can be used at a variety of select merchants.
SAFRA DBS Debit Card Annual Fee & Limits
- SAFRA Membership Fee
Debit Card Rewards, Perks & Benefits
- 2% cash rebate on local contactless transactions
- 1% cash rebate on online purchases
- 0.3% cash rebate on retail purchases
- SAFRA Clubhouse privileges
How To Redeem SAFRA$ Cashback Rebate
The SAFRA Debit Card allows cardholders to earn SAFRA$1 for every S$1 spent. With this rate, it will be quite easy for individuals to accumulate large amounts of cash back. Redeeming your cashback rebate is a simple process; there are 2 ways a cardholder can use/redeem their points.
Redeeming at a SAFRA Clubhouse
- Make a payment using your SAFRA DBS Debit Card
- The cash rebate will be deducted from your overall balance
Account Deposit
- Log into your iBanking account
- Select your DBS account
- Transfer your SAFRA$ Balance
- The cashback will be credited to the account linked to your SAFRA DBS Debit Card
SAFRA$ Cash Rebate vs SAFRA Points
An added benefit to using the SAFRA DBS Debit Card is the potential to earn two types of rewards. In addition to the regular cashback rebate rewards, a cardholder can also earn SAFRA Points when they use their debit card at any one of the SAFRA Clubhouses. Every S$1 spent at a SAFRA location will earn the cardholder 1 SAFRA Point, which are accepted by select merchants.
How to Apply for a SAFRA DBS Debit Card
To apply for the SAFRA DBS Debit Card, refer to the steps below.
- Log into your DBS account
- Select the SAFRA DBS Debit Card
- Enter the name that you would like to appear on the card
- Confirm your personal details
- Create a personalized 6-digit PIN
- Submit the application
SAFRA DBS Eligibility Requirements
DBS has eligibility requirements in place for those who would like to use their services. In order to be eligible to apply for the SAFRA DBS Debit Card, an individual must be at least 16 years of age, have a SAFRA membership, and have either a POSB Savings Account, DBS Savings Plus Account, DBS Autosave Account, or a DBS Current Account.
How to Cancel Your SAFRA DBS Debit Card
For those who are no longer looking to use their debit card, DBS offers a simple and straightforward way to quickly cancel any DBS card.
- Log into your DBS Account
- Select the card you would like to cancel
- Enter the last 4 digits of your SAFRA DBS Debit Card
- Enter in your PIN
Credit Card Alternative: UOB One Card
- Pros
- Good fit for budgets of at least S$2,000 per month
- Easy cashback on daily spend
- Gives rebates for paying bills
- Cons
- Doesn't fit inconsistent budgets
- Annual fee
S$192.6 annual fee w/1-year waiver 5% rebate on all spend, w/minimum spend of S$2,000 (cashback limit of S$300/quarter) 10% earnings on Grab and UOB Travel & 6% on utility spend 3.33% rebate, w/ S$1,000 minimum spend (cashback limit of S$100) 3.33% rebate, w/ S$500 minimum spend (cashback cap of S$50) SMART$ Rebate Program
The UOB One credit card offers the best flat cashback rate for all transactions. With a monthly spend of S$2,000, cardholders can earn 5% on their purchases, with a bonus rate of 6% on utility bill payments, and 10% on Grab rides and UOB Travel (capped at S$300/quarter). Alternative rates are available for individuals that do not meet the S$2,000 minimum spend. Individuals that spend a monthly minimum of either S$1,000 or S$500 receive a cashback rate of 3.33%, capped at S$100/quarter and S$50/quarter respectively.
Cardholders also gain access to SMART$ rebates which grant additional cashback on spend at select merchants. For an annual fee of S$192.60, cardholders can earn great cashback rewards on their everyday spend with additional rates on select spend, making it one of the best flat rate cashback cards on the market.