Procedure to apply and obtain DBS Bank in Singapore Debit/Credit cards?
- Visit the DBS Bank website or browse through their available debit and credit card options. Compare the features, benefits, and fees associated with each card to determine which one suits your needs.
- Review the eligibility criteria for the chosen card. Generally, you need to be at least 21 years old for credit cards and 16 years old for debit cards. Singaporean citizens, permanent residents, and foreigners with valid work permits or employment passes may be eligible.
- Gather the necessary documents for the application process.
- DBS Bank provides both online and in-person application methods.
- After submitting your application, it will undergo a review process. The bank will assess your eligibility, creditworthiness, and other factors. Approval times may vary, but you can expect to receive a response within a few business days.
- If your application is approved, you will receive the card by mail or you can collect it from the bank branch. Follow the instructions provided with the card to activate it, usually by calling a specified number or via online activation.
Eligibility
- Age: You must be at least 21 years old for credit cards and 16 years old for debit cards.
- Nationality: Singaporean citizens, permanent residents, and foreigners with valid work permits or employment passes may be eligible.
- Income: Some cards may have minimum income requirements, which vary depending on the card type. Higher-income requirements may apply for premium or high-end cards.
Documents
- Identification Documents:
- Singaporeans: National Registration Identity Card (NRIC).
- Permanent Residents: NRIC and Re-entry Permit (if applicable).
- Foreigners: Passport and employment pass or work permit.
- Proof of Income:
- Salaried Employees: Recent computerized payslips, income tax statements (e.g., IRAS Notice of Assessment), or bank statements showing salary deposits.
- Self-Employed Individuals: Income tax statements, ACRA Business Profile, or bank statements reflecting business income.
- Commission-based or Variable Income Earners: Additional documents such as commission statements or contracts to support your income.
- Address Proof:
- Singaporeans and Permanent Residents: Recent utility bills, rental agreements, or bank statements with your current residential address.
- Foreigners: Similar documents indicating your local address.
- Additional Documents:
- Existing Credit Card Statements: If you are consolidating credit card balances from other banks, you may need to provide the latest statements.
- Employment Verification: Some applications may require verification from your employer, such as a letter of employment or salary certificate.
