DBS Spark Credit Card – Benefits, Fees & Eligibility

Introduction

The DBS Spark Credit Card, issued by DBS Bank, is an entry to mid-range credit card designed to offer customizable benefits and attractive features. It is positioned as an affordable and reasonable option for individuals looking to add magic to their everyday moments. Key differentiating benefits include assured Cash Points, milestone rewards, complimentary domestic lounge access, and exclusive BookMyShow offers. The card is available in three variants: Spark 5, Spark 10, and Spark 20, allowing customers to choose the option that best suits their budget and needs.

Welcome Benefits

• Enjoy a welcome bonus of up to 7,500 Cash Points.
• DBS Spark 5: Receive 2,500 Cash Points on your first transaction within 30 days of card setup and payment of the joining fee.
• DBS Spark 10: Receive 5,000 Cash Points on your first transaction within 30 days of card setup and payment of the joining fee.
• DBS Spark 20: Receive 7,500 Cash Points on your first transaction within 30 days of card setup and payment of the joining fee.

Fees

• Joining Fee:
  • DBS Spark 5: Rs. 499 + GST
  • DBS Spark 10: Rs. 999 + GST
  • DBS Spark 20: Rs. 1,499 + GST
• Annual Fee:
  • DBS Spark 5: Rs. 499 + GST
  • DBS Spark 10: Rs. 999 + GST
  • DBS Spark 20: Rs. 1,499 + GST
• Spend-Based Waiver (Annual Fee):
  • DBS Spark 5: Annual fee waived on spending Rs. 1,50,000 in an anniversary year.
  • DBS Spark 10: Annual fee waived on spending Rs. 2,00,000 in an anniversary year.
  • DBS Spark 20: Annual fee waived on spending Rs. 2,50,000 in an anniversary year.
• Rewards Redemption Fee: Rs. 99 + GST
• Foreign Currency Markup: 3.5%
• Interest Rates: 3.5% - 4% Per Month (42% - 48% Per Annum)
• Fuel Surcharge Waiver: 1% fuel surcharge waiver.
  • DBS Spark 5: Up to ₹100 per month.
  • DBS Spark 10: Up to ₹150 per month.
  • DBS Spark 20: Up to ₹250 per month.
• Cash Advance Charges: 2.5% of the amount withdrawn.
• Rental Transaction Fee: 1% for each rental transaction.
• Card Replacement Charges: Rs. 200 for replacement and re-issue.

Rewards

• General Rewards Rate: Earn 2 Cash Points on every ₹200 spent across all three variants.
• Monthly Milestone Benefits:

  • DBS Spark 5

    • Earn Bonus 5X Cash Points, up to 3,000 Cash Points, on monthly offline spends exceeding ₹10,000.

  • DBS Spark 10

    • Earn Bonus 10X Cash Points, up to 5,000 Cash Points, on monthly online spends exceeding ₹15,000.
    • Earn Bonus 5X Cash Points, up to 5,000 Cash Points, on monthly offline spends exceeding ₹15,000.

  • DBS Spark 20

    • Earn Bonus 20X Cash Points, up to 7,000 Cash Points, on monthly spends exceeding ₹20,000 on Utility, Dining & Grocery.
    • Earn Bonus 10X Cash Points, up to 7,000 Cash Points, on monthly online spends exceeding ₹20,000.
    • Earn Bonus 5X Cash Points, up to 7,000 Cash Points, on monthly offline spends exceeding ₹20,000.
• Quarterly Milestone Benefits:

  • DBS Spark 5

    • Earn Bonus 2,500 Cash Points on spends of ₹50,000 in a calendar quarter.

  • DBS Spark 10

    • Earn Bonus 3,500 Cash Points on spends of ₹75,000 in a calendar quarter.

  • DBS Spark 20

    • Earn Bonus 5,000 Cash Points on spends of ₹1,00,000 in a calendar quarter.
• Movies: Enjoy blockbuster entertainment with a "Buy 1 ticket, save up to ₹200 on the second one" offer on BookMyShow.
• Domestic Lounge Access:

  • DBS Spark 5

    • Receive 1 complimentary lounge access per quarter at select domestic airports.

  • DBS Spark 10

    • Receive 1 complimentary lounge access per quarter at select domestic airports.

  • DBS Spark 20

    • Receive 2 complimentary lounge access per quarter at select domestic airports.
• Shopping & Lifestyle:
  • Access exclusive offers from over 100 brands on dbsdelights.in, the dedicated rewards and redemption platform.
  • Find special deals on flights, hotels, and dining.
  • Avail gift cards and memberships through the platform.
• Annual Benefits Value:
  • DBS Spark 5: Annual benefits worth up to ₹11,000.
  • DBS Spark 10: Annual benefits worth up to ₹17,000.
  • DBS Spark 20: Annual benefits worth up to ₹30,000.
• Ineligible Categories for Cash Points: Cash Points cannot be earned on spends related to Fuel, Wallet Load, Jewellery, Rent, EMI transactions, and balance transfers.

Rewards Redemption Guide

• Cash Points are the reward points earned with every spend on your DBS Spark Credit Card.
• You can redeem these multiplied Cash Points for extra discounts and bigger savings.
• One Cash Point is equivalent to up to ₹0.20.
• Redeem Cash Points for discounts on shopping, travel, dining, gifting, and more on dbsdelights.in.
• Instantly redeem your Cash Points for travel bookings, vouchers, and other benefits.

Card Review

• Overall Verdict: The DBS Spark Credit Card is a compelling option for individuals seeking an affordable, customizable, and rewarding credit card, particularly appealing to young shopping enthusiasts. Its simple fee structure, coupled with an annual fee waiver based on yearly spending, adds significant value.
• Pros:
  • Customers can choose from three distinct variants (Spark 5, Spark 10, Spark 20), providing flexibility to select options tailored to their budgets and needs.
  • The card offers attractive features such as Buy One Get One (BOGO) on movie bookings and complimentary domestic airport lounge access.
  • The rewards program, including assured Cash Points, welcome bonuses, and monthly/quarterly milestone rewards, enhances its value proposition.
• Cons:
  • The card does not offer international lounge access, which might be a drawback for frequent international travelers.

Important Product Details

• The DBS Spark Credit Card is offered in three variants: Spark 5, Spark 10, and Spark 20, each designed with a unique set of fees and benefits to cater to diverse customer preferences.
• Customers benefit from the flexibility to choose the card variant that best aligns with their spending patterns and desired reward structure.
• The card provides assured Cash Points on all eligible spends and offers accelerated Cash Points upon reaching specific monthly and quarterly spending milestones.

Other Details

• Easy EMIs: Easily convert your spends above ₹2,500 into convenient EMIs.
• Instant Benefits: Instantly redeem your Cash Points for travel bookings, vouchers, and more.
• Tap and Pay: Enjoy contactless payments by simply waving your card before any payWave enabled reader at merchant stores.
• Interest-Free Cash Withdrawals: Withdraw up to your assigned cash limit and avail interest-free cash withdrawal for up to 50 days.
• International Acceptance: Use your card effortlessly for shopping on international websites or while traveling abroad.
• DBS Card+ Mobile App: Manage your card with ease, including instant bill payments, accessing the latest offers, and planning activities, all through the mobile app.
• All benefits and offers are subject to specific Terms & Conditions.