DBS Live Fresh Credit Card Review: Turn Your Everyday Spend Into Effortless Cashback

Emma Lam

Emma Lam

Last updated 25 December, 2023

Meet the DBS Live Fresh Credit Card, a no-frills credit card for young adults that offers up to 6% cashback!

Choosing your first credit card as a young working adult can feel overwhelming. There are so many options available, and if you haven't done your research, it can be confusing to find one that suits your lifestyle. Luckily, the DBS Live Fresh Card offers a straightforward cashback feature that's easy to understand

For starters, this card will net you 6% cashback on shopping and transport spend transactions, and 0.3% unlimited cashback in categories for all other spend, like dining, petrol, entertainment, and more.

But that's just the tip of the iceberg; read more to learn what else this coveted cashback card can offer! 🤓

Table of contents 


Looking for the best credit cards to complement your spending patterns and expenditure in 2024? Check out our Ultimate Credit Card Guide that covers all things credit cards in Singapore – from choosing between a cashback, miles, or rewards credit card to planning your credit card strategy.



What the DBS Live Fresh Credit Card can do for you

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DBS Live Fresh Credit Card product summary:

  • Earn 6% cashback on your shopping sprees and daily commutes
  • Get unlimited 0.3% cashback on all other eligible spend
  • Minimum spend: S$800 per calendar month
  • Capped at S$70 total cashback per month
  • Annual income requirement: S$30,000 (Singaporeans), S$45,000 (Foreigners)
  • Annual fee: S$196.20 (First year waived)

What is the DBS Live Fresh Credit Card?

The DBS Live Fresh Card is the go-to card for those looking for a no-frills cashback card. Featuring a modest S$800 spend requirement per month and a S$30,000 annual income criteria, it's a comfortable entry-level cashback card for most young working adults.

For every local and overseas shopping and transport spend, that's an easy 6% cashback in the bag already. Plus, it provides 0.3% unlimited cashback for other eligible spend.

Pros ✅
Cons ❌

Up to 6% cashback on shopping and transport spend

Capped at S$70 cashback per month, split into the following:
- S$50 on shopping spend (online and in-store)
- S$20 on transport spend
Up to 0.3% unlimited cashback on All Spend
Low 0.3% base cashback rate
Lower min. spend of S$800 per month
 
Compatible with mobile wallets (e.g. Apple Pay, Google Pay, Samsung Pay)
 
24/7 Visa Concierge service
 

DBS/POSB Credit Card Welcome Gift: Receive up to S$388 cashback or 85,000 miles when you apply for select DBS credit cards and fulfil the relevant promotion criteria. T&Cs apply.


Why should you choose the DBS Live Fresh Credit Card?

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Pros

Earn 6% cashback on shopping and transport spend

As its first selling point, the DBS Live Fresh Card earns 6% cashback on shopping and transport transactions! Shopping online and in-store, whether locally or overseas, gets you an easy 6% cashback in your (digital) pocket. Your daily commute spend gives you 6% cashback too.

Eligible transactions include retail, recurring bill payments, and refunds in both local and foreign currency. However, to qualify for the 6% cashback, it's assumed you spend at least S$800 per calendar month; otherwise, the rate reverts to the base 0.3% unlimited cashback. 

💡Pro-tip: Personally, I spend at least S$50 to S$100 per month on public transport alone, and this amount goes up if we include occasional/emergency Grab and Gojek rides too! Considering an average monthly expenditure of S$1,000, public transport alone accounts for 10% of it! No wonder public transport expenses rack up so quickly within the month. 😰

I recommend downloading the SimplyGo app for easier tracking and consolidation of your commute expenses.


Earn 0.3% cashback on all other spend

Whether you're dining, getting groceries, or paying your bills, the DBS Live Fresh credit card guarantees you 0.3% unlimited cashback. So, whether you meet the S$800 minimum spend or not, you will still get the base rewards of 0.3% unlimited cashback on all eligible spend.

Other than the base cashback rate, car owners can also enjoy up to 14% instant fuel savings at Esso. Additionally, DBS offers exclusive fresh deals and various perks in dining, travel, shopping and more, which you'll find in their promotion page.

Check out their full list of eligible spend in their T&Cs or their FAQ.

💡 Pro-tip: Commonly excluded MCCs comprise of instalments, cash advances, fees charged by DBS and bill payments via internet banking. Refer to their T&Cs here for the full run-down.


Read more:

The Real Cost: Electric Cars vs Petrol Cars
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6 Things to Consider When Buying Car Insurance For Your Electric Vehicle


Cons ❌ 

Monthly cashback cap of S$70 for shopping and transport spend

Unfortunately, unlike unlimited cashback cards, the DBS Live Fresh Card imposes a cashback cap of S$70 per calendar month for shopping and transport spend. Fortunately, all other spend has no cashback cap.

The breakdown is as follows:

 
Cashback cap per calendar month
Shopping spend
S$50
Transport spend
S$20
All other spend
No cap

 


Eligibility: DBS Live Fresh Credit Card fees & charges

  • Annual fee:
    • Primary card: S$196.20 (First year waived)
    • Supplementary card: S$98.10 
  • Minimum monthly payment: 3% or S$50, whichever is higher
  • Overlimit fee: S$100 (For outstanding balance exceeding S$200)
  • Late payment fee: S$100 (For outstanding balance exceed S$200)
  • Cash advance fee: 8% (Min. charge of S$15)
  • Interest on purchases: 27.8% p.a. (Subject to daily compounding if charges not repaid in full)
  • Interest on cash advance: 28.5% p.a. (Subject to daily compounding if charges not repaid in full)
  • Foreign transaction fee: 3.25%
  • Dynamic currency conversion fee: 1%

Eligibility criteria

  • At least 21 years old
  • Minimum annual income: S$30,000 (Singaporeans); S$45,000 (Foreigners)

DBS/POSB Credit Card Welcome Gift: Receive up to S$388 cashback or 85,000 miles when you apply for select DBS credit cards and fulfil the relevant promotion criteria. T&Cs apply.


How to apply?

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Click on the ‘Apply Now’ button and complete the application form on SingSaver site. You might need to prepare the following documents for the application process:

  • Front and back of NRIC/Passport/Employment Pass
  • Salaried employees (> 3 months): 
    • Latest 3 months' computerised payslip 
    • Latest 3 months' salary crediting bank statements
    • Latest 12 months' CPF statement (Singaporean/PR) 
  • Salaried employees (< 3 months):
    • Latest computerised payslip
    • Company letter certifying employment and salary in SGD
    • Copy of Staff Pass 
  • Self-employed / Commission earner: Latest 2 years' Income Tax Notice Assessment
  • Foreigners:
    • Valid passport
    • Copy of Work Pass
    • Latest computerised payslip
    • Latest 1 year of Income Tax Notice Assessment (For > 3 months' employment)
    • Company letter certifying employment and salary in SGD & copy of Staff Pass (For < 3 months' employment)
    • A copy of your telecommunication or utility bill (New DBS/POSB customers only)

Alternative option: OCBC FRANK Credit Card

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Want to weigh your options before committing to the DBS Live Fresh Card? Then you might want to check out one of its competitor, the OCBC FRANK Credit Card, first.

In general, the OCBC FRANK functions on mechanics similar to those of the DBS Live Fresh.

So then, what's the difference?

While the DBS Live Fresh only offers a 6% bonus cashback on local and overseas shopping and transport spend, the OCBC Frank offers up to 6% cashback on everyday expenses such as petrol, dining, groceries, streaming services, and more.

However, you'll need to spend a minimum of S$800 or S$1,600, capped at S$80 and S$160 cashback per calendar month, respectively. However, unlike DBS Live Fresh, OCBC does not offer an unlimited base cashback rate.

⭐ Read our full OCBC FRANK Credit Card review here.

See also: How to Meet Your Credit Card Minimum Spend To Earn The Welcome Rewards?


Should you get the DBS Live Fresh Credit Card?

DBS-Live-Fresh-Student-Card-1At the end of the day, the DBS Live Fresh Card is a solid, fuss-free cashback card. Its focus on daily expenditure makes it straightforward to use. 

Are there other cashback cards out there that offer a higher cashback rate? Yes, definitely. However, the DBS Live Fresh Card is an appealing option for young working adults who want to earn cashback for their daily spending. There's also no pressure to reach the minimum required spending since you will always earn up to 0.3% cashback for all spending, with no cap.

Best Cashback Credit Cards

Check out these other cashback credit cards available on SingSaver:

  • Citi Cash Back Card: 8% cashback on groceries worldwide and all fuel; 6% cashback on dining worldwide
  • POSB Everyday Card: Up to 5% cash rebate (w/o min. spend); up to 10% cash rebate with min. spend
  • UOB One Card: Up to 10% cash rebate on public transport, Shopee, Dairy Farm International Group, UOB Travel, Grab, and McDonald's; 3.33% base cash rebate for all other spend
  • CIMB Visa Signature Card: 10% cashback on online shopping, groceries, beauty & wellness, pet shops & vet services, and cruises
  • Maybank Family & Friends Card: 8% cashback on five preferred categories; 8% cashback on Ringgit spend
  • UOB EVOL Card: 8% cashback on online and mobile contactless spend


Read these next:

OCBC FRANK Credit Card Review: 10% Cashback On Online Shopping
UOB One Credit Card Review: Generous Cashback For Grab Users & Dairy Farm Shoppers
POSB Everyday Credit Card Review: Earn Cashback On All Your Essentials 

Although she struggles *slightly* in resisting good deals and sales, Emma is on a lifelong journey to understand what financial independence as a Z-llennial means. That said, her inner child is still very much alive… with animals and gaming being her weaknesses.

FINANCIAL TIP:

Use a personal loan to consolidate your outstanding debt at a lower interest rate!

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