Find Out What You Need to Know About Singapore’s Debit Cards

In terms of their ability to make digital payments, debit card Singapore are comparable to credit cards. By using debit cards to pay for what is available, you may stay within your budget. They provide cash rebates, prizes, and discounts and are a popular option for Singaporeans to pay for regular purchases. Similar to an ATM card, a Singaporean debit card enables you to pay with PayPass, MasterCard, and NETS contactless and withdraw money from any ATM.

 Numerous Advantages and Features of Singapore’s Debit Card

Due to several beneficial types and characteristics, debit card Singapore are becoming more and more popular in Singapore among consumers who are concerned about accruing debt. These are a few of the main attributes and advantages of debit cards.

1. No yearly charge

 The majority of Singapore’s top banks’ debit cards don’t charge an annual fee. For example, there are no yearly maintenance fees associated with the DBS/POSB PAssion POSB Debit Card.

2. Cashbacks and Rebates

When you use your debit card for entertainment, groceries, and shopping, you may take advantage of amazing cashback and rebates. Certain debit cards, such as the PAssion POSB Debit Card, provide up to 10% cashback on eating, shopping, and groceries.

If you shop online or at authorized Dairy Farm Group (DFG) stores, you can receive a 4 percent rebate if your monthly shopping list totals 400 SGD or more. You can get “6x TapForMore” points if you don’t receive the reimbursement. You can choose to convert your points into KrisFlyer miles and shopping vouchers, or you can use them to offset 1 SGD on your subsequent purchase for every 150 points.

On the tenth of each month, certain locations provide a one-for-one discount on entertainment or activities.

3. Payments via Contactless

You may make contactless purchases using the newest debit card, eliminating the need to swipe a card or carry cash. To use the contactless card reader, simply tap or hold your debit card. For example, you can use the PAssion POSB Debit Card to pay with Pay Pass, MasterCard, and NETS contactless. It allows you to participate in Singapore’s cashless movement.

4. Card Usage Restrictions

With a debit card, you may have daily restrictions set by default. It will assist you in keeping tabs on your expenditures and withdrawals. You can place daily limitations on NETS transactions, ATM withdrawals, and debit card spending transactions if you have the PAssion POSB Debit Card. You can modify these restrictions online if you’d like by selecting the “Change Debit Card Limit” option in iBanking.

5. Additional Benefits of the Card

You can get membership benefits with certain debit cards. You can get a complimentary membership worth 12 SGD for five years using the PAssion POSB Debit Card. You can use the Community Club’s facilities, programs, and courses at member rates if you have a Passion membership.

Additionally, you can earn TapForMore points when you use your PAssion POSB Debit Card for purchases at participating merchants. These points can be redeemed for vouchers or gifts. Enjoy exclusive discounts and promotions at selected merchants with your PAssion POSB Debit Card membership.

Additionally, you can take advantage of discounts at over 2000 PAssion merchant locations, borrow library materials, and enjoy a complimentary National Library Board Partner Membership.

In addition, you can use MasterCard or Cirrus logos to take out cash from ATMs overseas. Additionally, you can use DBS/POSB contactless cards to travel on buses or trains. Simply Go can be tapped on train gantries and bus card readers without the need for top-ups.

Your daily expenses will be easier and more convenient if you have a Singaporean debit card with the aforementioned qualities.

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