DBS union pay debit card

[highsulphur]

If I use it in China for RMB, do I need to convert sgd into rmb in my multipler account to get the 5% rebate or they will just convert my sgd inside and give me my 5% rebate?

 

[reddevil0728]

If I use it in China for RMB, do I need to convert sgd into rmb in my multipler account to get the 5% rebate or they will just convert my sgd inside and give me my 5% rebate?

This sort of qns you better get a black and white from DBS so that if necessary you can hold them accountable

 

[highsulphur]

Just to share. Called dbs today and this is what I was told.

Using union pay debit card for RMB transactions against your multiplier account will deduct only sgd to be converted even if you have RMB stored in your multi currency account. Only the Visa debit card can draw from the rmb account

 

[spikeling]

Just to share. Called dbs today and this is what I was told.

Using union pay debit card for RMB transactions against your multiplier account will deduct only sgd to be converted even if you have RMB stored in your multi currency account. Only the Visa debit card can draw from the rmb accountI

You can't use RMB in yr MCA for visa debit card spending.

"Do note that Renminbi Offshore (CNH) is not available for the card feature."

Anyway Unionpay debit card got 5% cashback for all RMB spending. More than enough to offset the foreign exchange fee DBS charge.

 

[GrandJedi]

Anyone knows if the digital version is offered immediately on application? Trying to sign up for a promotion but leaving in 2 days.

 

[wira]

Anyone knows if the digital version is offered immediately on application? Trying to sign up for a promotion but leaving in 2 days.

dbs don have function to view full card details including CVV online correct ?

Anyway nowadays can just use alipay or wechat pay right ? still need unionpay card?

 

[reddevil0728]

dbs don have function to view full card details including CVV online correct ?

Anyway nowadays can just use alipay or wechat pay right ? still need unionpay card?

don't have but can add via the app

 

[wira]

don't have but can add via the app

you mean add to apple wallet ?
i believe in china mostly use QR codes, so need to add card to alipay or wechat pay. Not sure if most shops has the card payment pos system to accept Apple pay.

 

[reddevil0728]

you mean add to apple wallet ?
i believe in china mostly use QR codes, so need to add card to alipay or wechat pay. Not sure if most shops has the card payment pos system to accept Apple pay.

ya

 

[koolkool]

dbs don have function to view full card details including CVV online correct ?

Anyway nowadays can just use alipay or wechat pay right ? still need unionpay card?

This card is useful to overcome paying the 3% transaction fees when paying more than RMB 200 via Alipay or wechatpay. There is another card uob union pay that has the same effect but without min spend + overall you should get better cashback, assuming both dbs and uob exchange rate is same. Do note there is limit to amt of cashback per calndar month.

 

[wira]

This card is useful to overcome paying the 3% transaction fees when paying more than RMB 200 via Alipay or wechatpay. There is another card uob union pay that has the same effect but without min spend + overall you should get better cashback, assuming both dbs and uob exchange rate is same. Do note there is limit to amt of cashback per calndar month.

UOB is a credit card with cashback and 0% FX and txn fees. DBS is a Debit card with 5% cashback for china spend.

 

[linuskltan]

My understanding is that transactions in foreign currency charged to DBS UnionPay Debit Card is subjected to 3.25% fee. The 5% cashback for RMB spend requires monthly $400 minimum spend.

 

[highsulphur]

My understanding is that transactions in foreign currency charged to DBS UnionPay Debit Card is subjected to 3.25% fee. The 5% cashback for RMB spend requires monthly $400 minimum spend.

Isn't it still a net gain?

 

[wira]

My understanding is that transactions in foreign currency charged to DBS UnionPay Debit Card is subjected to 3.25% fee. The 5% cashback for RMB spend requires monthly $400 minimum spend.

cashback got cap $50/mth
more or less same as uob unionpay ...2% cashback but 0%FX and no min spend