Dbs Rewards- How to Redeem DBS points?

DBS bank is a multinational banking and financial service based in Singapore. The bank was previously known as The Development Bank of Singapore Limited from which the shortened term “DBS” was derived. Let’s know about Dbs Rewards.

Dbs Rewards

DBS Rewards

What are the benefits of having a DBS credit card?

DBS credit card offers a range of credit card benefits. Choose from a variety of retail discounts, eating coupons, beauty, and entertainment packages, among other things. DBS Points can be redeemed for shopping, dining, and entertainment. Redeem your DBS Points earned from DBS Card purchases to get the most out of one of the most flexible rewards programs available. 

How to Redeem DBS points?

You can redeem DBS points by two methods. We are going to discuss both methods.

Method 1 – By DBS Rewards Website

Follow the steps below to redeem DBS points through the DBS Rewards Website: –

  • Use your digibank User ID and PIN to access the DBS Rewards website.
  • To continue, complete the 2FA Verification.
  • Items can be filtered by points, keywords, or category.
  • Drag the items and drop them in the shopping cart.
  • When you click on the product, a lightbox will appear, where you can enter the appropriate amount and then click Add to Cart.
  • To complete your redemption, select View shopping basket and then Redeem.

Method 2 – through Online Digibank

Follow the steps below to redeem DBS points through Online Digibank

  • Use your User ID and PIN to access Digibank Online.
  • Finish the authentication procedure.
  • Redeem Rewards after selecting Cards.
  • To access the DBS Rewards Site, click the DBS Rewards Home Page button.
  • Items can be filtered by points, keywords, or category.
  • Drag the items and drop them in the shopping cart
  • When you click on the product, a lightbox will appear, where you can enter the appropriate amount and then click Add to Cart.
  • To complete your redemption, select View shopping basket and then Redeem.

How to use DBS Points or POSB Daily$ to offset your spending?

To offset your spending, you can either use the DBS Paylah! App or use DBS points in-store. If you are using the DBS PayLah! For the app, follow the steps below: –

  1. Activate your DBS PayLah account! Using Touch / Face ID or PayLah! Password.
  2. On the bottom of the navigation bar, tap Rewards.
  3. To search for eligible transactions, go to Offset with Points and Daily$ and select See All.
  4. Select the amount you wish to offset using the slider. To confirm, tap Offset Now.
  5. Verify the offset amount and select Yes, Offset Now.
  6. You’ve successfully offset your spending; you may now repeat the process to save even more money.

If you wish to offset your spending using DBS points in-store, pay using DBS Points to get a discount on your purchase or use them to get quick shopping mall vouchers at their partner retailers.

Redeem it in your manner

  • DBS PayLah! the app helps you save money.
  • PayLah! allows you to offset your purchases and bills instantaneously.
  • In the Rewards Catalogue, you can find a variety of gifts and goodies.
  • Spend your cash credits, miles, or vouchers for shopping, dining, and other activities.
  • DBS Points In-Store will take your purchasing to the next level.
  • DBS Points will help you power your e-checkouts.
  • Use your DBS Points to save money on many brands when you shop online.

Important points to remember

  • DBS digibot and DBS PayLah! – these apps allow you to check your available DBS Points.
  • You’ll need a minimum of 100 DBS points and a retail purchase of S$1 or more to use DBS PayLah! to balance your spending with DBS Points.
  • Your reward will be credited to your available credit limit on your credit card right away. However, within three days of the redemption date, it will appear in your credit card transaction history.

Conclusion

DBS is a multinational banking and financial service based in Singapore. By getting yourself a DBS credit card, you can enjoy discounts at many places and earn rewards at most of the transactions. You get DBS reward points at many purchases and these points can be redeemed easily at the desired service. 

Frequently asked questions

Can I use my DBS Points to pay the annual fee on my credit card?

Yes. You can use your DBS Points to get a complete refund on your annual payments for both your Principal and Supplementary Cards. Your annual fee must be redeemed ONE month before it is due.

Please keep in mind that the yearly charge will appear on your Credit Card statement on the due date, but will be reversed on the next month’s statement. For instance, suppose your annual fee is due in May. In April, you complete your redemption (one month before the due date). In May, the annual fee is displayed in your account statement, and in June, the fee is reversed.

Q2 What are the steps to earning DBS Points?

You earn 1 DBS Point for every $5 purchase made by you. DBS Points are determined on a transaction-by-transaction basis and are rounded to the nearest whole number.

Q3 Is there anything that doesn’t give you DBS points?

The following items will not earn you DBS Points:

  • Bill payments using AXS, SAM, and eNETS 
  • Payments to colleges and universities
  • Payments to Government institutions and services 
  • Payments to Insurance companies 
  • Financial institution payments (including banks and brokerages)
  • Hospital reimbursements
  • Utility payments
  • Payments made to Non-profit organizations 
  • Betting via any channel like lottery or casino

Q5 When are my DBS Points going to expire?

Your DBS Points will expire one year from the end of the quarter in which you earned them. Look below to understand it better.

  • Points that are earned between 1 January 2021 to 31 March 2021 will expire on 31 March 2022.
  • Points that are earned between 1 April 2021 to 30 June 2021 will expire on 30 June 2022.
  • Points that are earned between 1 July 2021 to 30 September 2021 will expire on 30 September 2022.
  • Points that are earned between 1 October 2021 to 31 December 2021 will expire on 31 December 2022.
Dbs Rewards- How to Redeem DBS points?

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