DBS Black Visa Card – Credit score Playing cards Evaluation 2020

Your mother and father would possibly assume it’s unhealthy luck to put on black. However that certain hasn’t harm DBS Black Visa Card’s reputation. The cardboard itself appears fairly smooth and is marketed as excellent for shopaholics, letting you earn as much as 3X DBS Factors (or 6 miles) on native contactless funds. However how helpful is it actually? Let’s have a look.

DBS Black Visa Card phrases & situations

DBS Black Visa Card
Annual charge & waiver	$192.60 (waived for 1 12 months)
Supplementary annual charge	$96.30
Curiosity free interval	25 days
Annual rate of interest	26.80%
Late cost charge	$100
Minimal month-to-month reimbursement	3% or $50, whichever is larger
International foreign money transaction charge	3.25%
Money advance transaction charge	8% or $15, whichever is larger
Overlimit charge	$40
Minimal earnings	$30,000 (Singaporean) / $45,000 (non-Singaporean)
Card affiliation	Visa (additionally accessible as American Categorical)
Wi-fi cost	Visa payWave, Apple Pay, Samsung Pay

How the DBS Black Visa Card works

The DBS Black Visa Card is a rewards bank card. Utilizing it lets you earn DBS Factors at a normal fee of $5 = 1 DBS Level (2 miles). Not terribly enticing, to be frank.

You possibly can earn factors a bit quicker in the event you use Visa PayWave, Apple Pay, Samsung Pay or Google Pay. It will get you $5 = 3 DBS Factors (6 miles). Since you get 3 instances the variety of rewards factors, preserve your eyes open for alternatives to take action. Happily, PayWave is broadly accepted lately at supermarkets, eating places, outlets, taxis, and even some meals courts.

There are some drawbacks although. For a begin, factors are awarded for each $5 spent, so chances are you’ll wish to make sure that your whole purchasing invoice is a pleasant quantity — positively not “$4.99”.

Extra importantly, 3X factors is basically low in comparison with the competitors. Many competing rewards playing cards are providing 5X and even 10X factors for a lot of spending classes. (Even DBS’ different rewards card, the DBS Girl’s Card, will get you 5X DBS Factors, though it’s for on-line spending.) We’ll cowl a few of the extra aggressive playing cards afterward.

Conversion of DBS Factors to your airline’s programme requires an administrative charge of $26.75. This charge is waived for BIG Factors conversion until 31 December 2020.

What rewards are you able to redeem with DBS Factors?

So how helpful are DBS rewards factors? Listed below are a few of the issues you possibly can redeem these factors for until 31 December 2020.

$200 Credit score for 20,000 DBS factors
$10 NTUC Fairprice voucher for 690 DBS factors
$50 Takashimaya voucher for 3,200 DBS factors
1 Golden Village ticket for 750 DBS factors

However the factor is, there are some cashback bank cards can get you greater than 1.5% rebates, with out having to undergo the difficulty of redeeming vouchers.

DBS Black Visa Card promotions

Brooks Brothers

10% off regular-priced objects at Paragon (#02-6/07) and Raffles Metropolis (#01-37B) solely. Legitimate until 31 December 2020.

Agoda

Further 7% off worldwide lodge bookings. E-book by 31 December 2020 for a sound keep interval until 30 June 2021.

Different bank cards for purchasing

So far as purchasing bank cards go, the DBS Black Visa Card is mediocre at greatest.

Listed below are another playing cards that additionally reward you for retail spending. Relying in your spending habits, you would possibly discover these extra enticing than the DBS Black Visa Card.

Citi Rewards Card – Get 10x rewards (4 miles) for each $1 spent on garments, luggage or sneakers, or at shops or on-line purchasing web sites. As you possibly can see, the earn fee for purchasing is far more beneficiant than DBS Black Visa Card’s, and also you additionally get rewarded for purchasing on-line. The principle disadvantage is that you have to spend on garments, luggage and sneakers, so robust luck if most of your retail spending goes to anything.

DBS Girl’s Card – If you happen to actually wish to get a DBS bank card, take into account the DBS Girl’s Card as nicely. It will get you 5X factors (10 miles per $5) on-line, and 1X for the whole lot else. If you happen to spend some huge cash on-line, this can be a good complement to the DBS Black Visa. Nonetheless, there’s a spending cap of $1,000 a month.

UOB Most well-liked Platinum Card – If you happen to like the truth that you will get bonus rewards factors on cellular contactless and on-line transactions, the UOB PP is one other bank card that provides this perk. It’s higher than the DBS Girl’s Card, supplying you with a UNI$10 per $5 on cellular contactless funds and on-line spending and leisure.

HSBC Revolution Credit score Card – This card beats the DBS Black Visa Card with 10X Reward factors if you store on-line, order meals supply or make future journey bookings. Though there’s simply 1X Reward level for different sorts of spending, there’s no cap on the factors you possibly can earn on them.

Discover that just about each bank card trumps the DBS Black Visa Card. However in the event you’ve made up your thoughts to get this card, you possibly can apply right here:

Do you’ve the DBS Black Visa Card? Share your critiques within the feedback.