Best Debit Cards in Singapore
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Best Debit Cards in Singapore

Top 5 Debit Cards in Singapore

Picture yourself inside a shopping centre’s stall. There, you have a pile of brand new clothes in your shopping cart. Minutes later, you’re about to head over to the counter to pay for these items.

There, you take out a card inside your wallet and you hand it over to secure your payment. You don’t even have to count “paper money”, you just go right ahead and hand over a card. It’s that simple.

So do you agree that paying with a card is convenient? Particularly, do you agree that it’s the more convenient option of making a payment – compared to carrying around cold cash, that is?

If you do, you’re one of the many Singaporeans who agrees that a major advantage of owning a debit card is convenience. Paying with a debit card means making a payment the traditional way; you pay with your hard-earned money – but in place of paper money, a card is handed over.

Also Read: How to get a prepaid credit card in Singapore

Don’t own a debit card, so you’re thinking of getting one? If so, you would find the following table useful.

Here is a list that features the top debit cards in Singapore.

Debit Card Best for…
DBS VISA Debit Cashback + no foreign transaction fee
UOB Direct VISA Debit Rebate
DBS UnionPay Platinum Debit 24-hour Concierge
POSB PAssion Debit Everyday convenience
DBS SAFRA Debit Exclusive SAFRA privileges

1. DBS VISA Debit

Highlight: Cashback + no foreign transaction fee

Requirements:

  • 16 (minimum) years of age
  • Current holder of DBS Autosave, Current, and Savings Plus accounts and POSB Savings Account

Features:

  • 5% cashback for all transactions via contactless payment methods
  • SGD $10 cashback after charging SGD $200 to card (within 1st month of account opening)
  • Enables contactless payment; enables Apple Pay, Samsung Pay, Android Pay, and VISA payWave
  • Enables NETS FlashPay
  • Withdrawal limit 3x monthly
  • No foreign transaction fees (for CAD, EUR, AUD, JPY, HKD, USD, THB, GBP, NOK, SEK, and NZD)

DBS Visa Debit Card

Apply Now

2. UOB Direct VISA Debit

Highlight: Rebate

Requirements:

  • 16 (minimum) years of age
  • Current holder of UOB Current or Savings account

Features:

  • 10% rebate under UOB SMART$ Programme
  • Enables contactless payment (fast and secure)
  • Enables easy money-keeping via mobile devices; enables Apple Pay and Mighty Pay
  • Usable on Transit Link, City Cab, ComfortDelGro, and SMRT
  • Enables PIN-based local and overseas purchases
  • Privileges under Dining, Entertainment, and Shopping
  • 3-year annual fee waiver (SGD $18 per year)

*You can apply for the UOB Direct VISA Debit by visiting any UOB branch. 

UOB Direct Visa Debit Card

Apply Now

3. DBS UnionPay Platinum Debit

Highlight: 24-hour Concierge

Requirements:

  • 16 (minimum) years of age
  • Current holder of DBS Autosave, Current, and Savings Plus accounts and POSB Savings Account

Features:

  • 1% cashback on overseas and online transactions (with minimum spend of SGD $1,000 per quarter)
  • 0.3% cashback on local transactions (with minimum spend of SGD $1,000 per quarter)
  • 24-hour Concierge (UnionPay service)
  • Enables contactless payment (with maximum spend of SGD $100) under UnionPay QuickPass
  • Overseas cash withdrawal ATM fee waiver (SGD $5 per transaction)
  • Exclusive UnionPay privileges (such as 10% discount from more than 100 airports worldwide)

*You may discover more information and apply for the DBS UnionPay Platinum Debit here.

4. POSB PAssion Debit

Highlight: Everyday convenience

Requirements:

  • 18-59 years of age
  • SGD $12 fee

Features:

  • 0.3% cashback (for local spend with MasterCard)
  • SGD $5 taxi voucher upon account registration
  • Chance to earn 50% STAR$ points (upon account activation of Passion CAPITASTAR)
  • Basic membership to NLB libraries; you can borrow 8 (maxi mum) library items
  • Enables contactless payment via MasterCard Paypass
  • Exclusive privileges from participating POSB PAssion merchants (more than 1,000) such as:
    • Amore Fitness Boutique and Spa
    • Cold Storage
    • Dairy Farm Singapore
    • Giant
    • Lifespa
    • Wildlife Reserves Singapore

*You can find out further information about the POSB Passion Debit here.

5. DBS SAFRA Debit

Highlight: Exclusive SAFRA privileges

Requirements:

  • 16 (minimum) years of age
  • Current holder of DBS Autosave, Current, and Savings Plus accounts and POSB Savings Account
  • Existing SAFRA member

Features:

  • Exclusive access to SAFRA Clubhouses (with swimming pools and fitness centres) island-wide such as:
    • SAFRA Toa Payoh
    • SAFRA Tampines
    • SAFRA Punggol
    • SAFRA Jurong
    • SAFRA Mount Faber
    • SAFRA Yishun
  • SGD $1 = 1 SAFRAPOINT
  • 2% cashback on contactless transactions via MasterCard (with minimum spend of SGD $400 per month)
  • 1% cashback on online transactions (with minimum spend of SGD $400 per month)
  • 0.3% cashback on all other purchases (with minimum spend of SGD $400 per month)
  • Enables contactless payment (with maximum spend of SGD $100)
  • Enables NETS FlashPay
  • Exclusive perks from more than 3,000 participating merchants
  • Overseas cash withdrawal ATM fee waiver (SGD $5 per transaction)

DBS SAFRA DBS Credit card

Apply Now

Conclusion

To sum up, the featured debit cards above are among the best ones in Singapore. Other good debit cards in Singapore exist, but these are some that you’d more likely be interested. Looking at the list is a time-saver!

Moving forward, with any of the listed debit cards, you could be in on great deals. And some of these deals are exclusive to cardholders! This means not everyone gets to maximise some offers, so consider yourself lucky!

As mentioned in the introduction, debit cards are worth owning because they introduce convenience. But why not apply for credit cards instead, you ask?

After all, these credit cards are cards, too. And they also aren’t in paper form. So, is there a difference?

Well, the answer to this question is another bonus for you.

Unlike credit cards, debit cards allow you to limit your spending to the amount of money that you actually own. You don’t get the chance to spend credit that’s not yet in your account.

That said, a debit card is a money-saver’s tool! If you have trouble controlling your spending, a debit card comes to your rescue!

By now, you may want jump on the bandwagon and nod your head in agreement; debit cards are definitely advantageous – especially if you choose one that suits your lifestyle. Above are 5 of the best ones for every Singaporean out there. Which card do you want to apply for?

Feel free to discuss your debit card choice by leaving messages below. While you’re at it, go ahead and leave any relevant concerns, too!

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