Development Bank of Singapore Limited, also known as DBS Bank, has introduced its first credit card in India in partnership with Bajaj Finance Limited. They have introduced two credit cards that come with various benefits and perks that can make your shopping experience smooth and fulfilling.
The Bajaj Finserv DBS Bank 5X Rewards Credit Card allows you access to benefits such as rewards, discounts, cashbacks, privileges, etc. However, the highlight of a collaborative financial instrument like this one is the collective host of exclusive access to the DBS Card+IN app and the Bajaj Finserv Health Prime Network. This not only brings you the usual benefits of a credit card but also additional perks such as health plans, subscriptions, curated offers and much more.
Certain key features of the Bajaj Finserv DBS Bank 5X Credit Card stand out to the world and make it a credit card worth applying for. A few of those key highlights are stated as shown below.
For the first year of utilising the Bajaj Finserv DBS Bank 5X Rewards Credit Card, no annual card fee will be applied. It is the second year onwards where a nominal fee of ₹499 + GST will be levied. If you spend ₹50,000 or more in a given year, its subsequent year will see no annual fees levied on your credit card account.
You can earn direct access to a larger world of shopping through the DBS Card+ IN app. Here you are provided with curated shopping choices, exclusive offers, and full access to credit card management,
For repaying credit card bills, the hassle no longer exists with the Bajaj Finserv DBS Bank 5X Credit Card. You can use the DBS Card+ IN app to pay your credit card bills in one single tap along with making other payments for various purchases such as flight tickets, food, clothes, and more.
The Bajaj Finserv DBS Bank 5X Rewards Credit Card can support your OTT and online needs by offering special discounts of up to 20% on apps such as Zomato Pro, Gaana, Bewakoof and more.
The Bajaj Finserv DBS Bank 5X Credit Card is packed with various features and benefits that you can enjoy to make every purchase a worthy one. A list and detailed explanation of each benefit is given below.
You can earn up to 2 cash points for every ₹200 spent by you through the Bajaj Finserv DBS Bank 5X Rewards Credit Card. This is applied to all transactions except for fuel charges and cash withdrawals made through the credit card. These cash points will reflect on your card account for purchases made through the credit card.
Within a given period, if you spend ₹10,000, you are entitled to 5X rewards for all transactions except fuel charges and cash withdrawals. The cash withdrawals and the fuel charges will be counted to add up to ₹10,000; however, such transactions will not be rewarded.
Additionally, 8 points for every ₹200 will be credited for all purchases in extension to the 1X rewards. However, a maximum cash points limit will be imposed on all cards of up to 3000 cash points per month.
In case of any purchases made through add-on cards, a monthly computation of cash points will be taken into account for add-on card purchases as well.
The rewards section in the DBS Card+ IN app can help you earn 10X rewards for any purchases made through this platform. You can be eligible for 18 cash points for every ₹200 you spend on retail purchases.
The maximum cash points you can earn in a month is 3000 points. This limit is not computed with the monthly milestone cash points. However, it is imperative to note that any flight-ticket purchases made through the DBS Card+ IN app will not add to the monthly milestone cash points and are not eligible for 10X cash points.
Memberships taken from the DBS Card+ IN app can make you eligible to earn points or discounts. These memberships can earn up to 20% discount or 1000 cash points.
As the user of the Bajaj Finserv DBS Bank 5X Rewards Credit Card, you can access various exclusive offers. These offers include arenas such as lifestyle, food, wellness, travel and much more along with discounts available on apps such as Gaana, Zomato Pro, Hindustan Times, etc.
Using the Bajaj Finserv DBS Bank 5X Credit Card can bring you various airport privileges. You can get up to 4 complimentary lounge access instances (including both domestic airports and international airports) within a single year.
You can enjoy waivers on fuel charges (or surcharges) for transactions that range between ₹400 and ₹4,000 through the Bajaj Finserv DBS Bank 5X Rewards Credit Card. The maximum waiver amount can be computed to ₹100.
Credit cards allow you to withdraw cash from ATMs and so does the Bajaj Finserv DBS Bank 5X Credit Card. Moreover, you can withdraw money through cash that has zero interest charges applied to the amount for a maximum of 50 days.
You can access benefits on the Bajaj Finserv Health App through a Bajaj Finserv Health Prime Membership. You can view all plans on the app itself which can be downloaded via Google Play or Apple Store. This health plan shall be valid for a year, i.e. 12 months, post registration. This membership can be renewed on a yearly basis.
The Bajaj Finserv DBS Bank 5X Credit card allows you to make purchases on EMI as well. A 5% cashback on down payments can be accessed at Bajaj Finserv partner stores for such purchases.
As a Bajaj Finserv DBS Bank 5X Rewards Credit Card holder, you can access 10X cash points for purchases made through DBS Delights. Additionally, you can bag 3 consultations with a physician with a monthly premium of just ₹75 through the Bajaj Finserv Health mobile app.
In order to be eligible for the Bajaj Finserv DBS Bank 5X Credit Card, you are required to meet certain criteria and have certain documents available for the bank/NBFC to verify and utilise for your membership or application. The eligibility criteria and documents required are as follows.
If you are applying for a Bajaj Finserv DBS 5X Credit Card, you must be a citizen of India.
Your age is required to fall within the bracket of 21 years to 70 years.
You must have a regular source of income along with a 720 or more as a credit score.
Aadhaar Card for KYC verification in video format and biometric verification
You can follow the easy steps given below in order to complete the application process for your Bajaj Finserv DBS Bank 5X Rewards Credit Card.
Step 1: Select ‘Apply Now’ on the product page.
Step 2: Enter your mobile number.
Step 3: Agree to terms and conditions after having read all the clauses stated by Bajaj Finserv.
Step 4: Click on ‘Generate OTP’.
Step 5: Provide OTP as received on your mobile number.
Step 6: Check for offers from Bajaj Finserv DBS Bank Credit Card.
Step 7: Choose your credit card as per preference.
Step 8: Enter all relevant details as requested.
Step 9: Complete KYC process.
Step 10: Use the Bajaj Finserv or DBS Card+ IN app to activate your brand new credit card.
If you have any questions or concerns surrounding your Bajaj Finserv DBS Bank 5X Credit Card, you may use the following portals of contact to get in touch with an executive.
Email address: firstname.lastname@example.org
Telephone number: 18602676789
DBS Bank, in collaboration with Bajaj Finserv, offers another credit card that is very similar to the Bajaj Finserv DBS Bank 5X Rewards Credit Card which is the Bajaj Finserv DBS Bank 5X Plus Credit Card. The Bajaj Finserv DBS Bank 5X Plus Credit Card brings you various benefits such as a 4,000 cash-point welcome bonus, rewards, cashbacks, discounts, and much more. Below is a small comparison table that can help you understand the differences between the Bajaj Finserv DBS bank 5X Credit Card and the Bajaj Finserv DBS Bank 5X Plus Credit Card.
Bajaj Finserv DBS Bank 5X Credit Card
Bajaj Finserv DBS Bank 5X Plus Credit Card
Annual fee: ₹499 with added GST
Annual fee: ₹999 with added GST
2000 cash points as welcome bonus on first transaction
4000 cash points as welcome bonus on first transaction
Annual fee waiver applicable to ₹50,000 and above
Annual fee waiver applicable to ₹75,000 and above
Since the Bajaj Finserv DBS bank 5X Credit Card is a collaborative financial instrument, an added benefit of using this card is access to special health plans for you and your family on the Bajaj Finserv Health mobile app.
Yes, KYC is a crucial step to complete when it comes to applying for the Bajaj Finserv DBS Bank 5X Credit Card. KYC, which stands for ‘Know Your Customer’ is a vital verification and clearance process that most banks undertake during subscription or application to various financial instruments.
The Bajaj Finserv DBS Bank 5X Credit Card not only brings you the general benefits of using a credit card such as rewards, cashbacks or discounts but also access to health plans, cash points, fuel surcharge waiver and much more. All this combined along with the culmination of astonishing benefits selectively provided Bajaj Finserv and DBS Bank make this a unique financial instrument.
Yes, you can access airport privileges through the Bajaj Finserv DBS Bank 5X Rewards Credit Card. You can gain lounge access for up to 8 times domestically and up to 2 times internationally.
No. You can get access to various physicians, especially one of your choice, to utilise the 3 monthly consultations. You can subscribe for the same at ₹75/month only.
The annual fee of the Bajaj Finserv DBS Bank 5X Rewards Credit Card is ₹499 with added GST. An expenditure of ₹50,000 and above through the credit card can waiver the fee entirely for the subsequent year of the purchase.
You are required to submit documents such as your Aadhaar Card, PAN Card, Passport, Marriage Certificate, Gazette Certificate, etc. These documents are vital to the application process of this credit card and hence, need to be provided as a prerequisite.
Yes, you may change your Bajaj Finserv DBS Bank 5X Credit Card Pin. All you need to do is log into the DBS Card+ IN app and select ‘Change Card PIN’ in ‘Settings’ in order to change your credit card pin.