Looking for your first credit card?
Do not get giddy yet with rebates, rewards and free miles. Read the fine prints first and that’s where you will know if you really need the card or not.
We know banks will do various promotions to entice people to spend with credit cards. It could be worth it and fun, but wrong decisions can be your pitfall to financial crisis. This is why you need to read the fine prints these promos and benefits have.
Yes, it could make feel you lazy seeing the small prints and sometimes long paragraphs with what seemed to be alienated words.
We have summarized them for you here.
DBS Takashimaya Card
This card lets you have only one redemption a day. Take note that the points you will earn must be used up before the cards expire or else the bonus points will be forfeited.
DBS Woman’s Card
This card is laden with promos saying that you can earn rewards up to nine times (9x). However, these are only applicable if you are able to spend the minimum amount. You may think that this is easy. You will just make multiple retail transactions.
Take note that you only have up to five retail transactions to meet the minimum required amount of S$500. Certain promos on the other hand is only applicable to online retail spend.
DBS NUSS Visa Card
This card is only for a graduate of National University of Singapore.
DBS Altitude Card
As much as you want to earn miles, only up to S$5,000 spend will be awarded with miles. If you want to avail the free pass for the airport lounge, you still need to apply for Priority Pass™ Membership.
The miles will be awarded within 90 days. Do not expect it to be reflected automatically. If you want to use the free mile to fly by the end of the year, earn points at least 90 days before you book a ticket.
Additionally, miles will not be awarded if you made a big purchase through 0% interest-free instalment plan.
DBS Live Fresh Card
No matter how much you spend, you can only get as much as S$70 cashback per account per month.
POSB Everyday Card
You maximize this card only if you are an avid shopper at Sheng Siong. The maximum spend is S$1,000 a month to get rebates.
DBS Black Card
The 5% cashback on shopping is valid only up to 31 March 2017. Take note that the minimum spend is S$700 each month to get the cashback. No matter how much you spend you can only get as much as S$70 cashback a month.
SAFRA DBS Card
The minimum spend is S$500 per month and the cashback is capped at SAFRA$50 each month.
DBS Live Fresh Student Card
The credit limit is at S$500. Online transactions can be awarded to purchases but this excludes the bills and payments though online banking. Cashback earned is capped at S$70 per month.
DBS Credit Card Promotion
All promos must be paid in a single receipt charged to DBS/POSB Credit Card. If there is any dispute between the merchant and the card holder, the merchant’s terms and conditions will apply. All information is considered correct at time of print. Check your receipts carefully before signing.
Dining Promotions Terms & Conditions
All the promos offered in the card is valid only for dine-in. Since there are also a lot of promos in various restaurants during holidays, the card promos will not be valid during these days. The amount considered in the dining promotion excludes service charge and taxes.
Travel Promotions Terms & Conditions
All travel promotions require a booking. The amount considered in excludes service charge, surcharges and taxes. The full amount of your payment must be charged on the DBS/POSB Credit Card.
0% Interest Instalment Payment Plan Terms & Conditions
Yes, it is 0% interest. However, do not forget that it has an administrative charge of S$150 if you settle the amount before the agreed due date. Should you want to close your account, you must pay the remaining balance including fees and charges.
Not all items can be approved for the 0% Interest Instalment Payment Plan. If you need to make an immediate purchase, you can just get a loan from Cash Mart. Cash Mart offers quick cash loans which is disbursed in as fast as 30 minutes. Visit CashMart.sg to apply now.
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