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Features and benefits of our 5X Rewards Credit Card - First-Year-Free

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Features & benefits of the Bajaj Finserv DBS Bank 5X Rewards Credit Card FYF

Here's all you need to know about the Bajaj Finserv DBS Bank 5X Rewards Credit Card.

  • First-year-free

    First-year-free

    There is no joining fee for this credit card. You also do not have to pay any annual fee during the first year.

  • 5X monthly milestone

    5X monthly milestone

    Shop for apparel, home appliances, and groceries, and get 5X cash points when you spend a minimum of Rs. 10,000 per month.

  • 10X accelerated cash points

    10X accelerated cash points

    Use this card for utility, bill payments, and travel bookings via the Bajaj Finserv app or DBS Bank app – ‘DBS Card+ IN’ and get 10X cash points.

  • Discount on subscriptions*

    Discount on subscriptions*

    When you subscribe to Amazon Prime, Airtel Xtream, Wynk Music, TOI+, and Hindustan Times, you get a 20% discount as cash points, which you can redeem later.

  • Cashback on down payment

    Cashback on down payment

    Get 5% cashback on down payments made at any of our 1.5 lakh+ EMI Network partner stores across 4,000+ large and small cities.

  • Fuel surcharge waiver

    Fuel surcharge waiver

    Use this card to get the fuel surcharge waived off at any station across India for an amount of up to Rs. 1,200 in a year,

  • Interest-free cash withdrawal*

    Interest-free cash withdrawal*

    You can use this card to withdraw cash from any ATM across India for up to 50 days without being charged an interest.

  • Cashback on down payment

    Cashback on down payment

    Get 5% cashback on down payments made at any of our 1.5 lakh+ EMI Network partner stores across 4,000+ large and small cities.

  • Annual fee waiver

    Annual fee waiver

    Shop for groceries, gadgets and more, and get your annual fee waived off when you spend a minimum of Rs. 50,000 in a year.

  • The Bajaj Finserv DBS Bank 5X Rewards Credit Card – First-Year-Free is a power-packed credit card with features and benefits designed specially to suit your lifestyle. What truly makes the Bajaj Finserv DBS Bank 5X Rewards Credit Card – First-Year-Free unique is its bucket of rewards in the form of cash points on all your spends.

    The card not only gives you 2 cash points on every Rs. 200 spent on all retail transactions but also:

    • Monthly milestone benefit: 5X cash points on all monthly spends (on crossing spends worth Rs. 10,000 in a month)
    • Accelerated cash points: 10X cash points on utility, bill payments, and travel bookings made using the DBS Bank or Bajaj Finserv app

    *Online subscriptions include Amazon prime, OTT Play, Airtel Xtream, TOI+, Wynk Music, Hindustan Times and more purchased through DBS Bank app - DBS Card + IN.

    *Processing fee of 2.50% of the cash amount (minimum Rs. 500) is applicable.

    Still haven’t found what you are looking for? Click on any of the links at the top of this page.

    Terms and conditions apply

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Eligibility criteria and documents

Eligibility criteria

  • Nationality: Indian
  • Age: 21 to 70 years
  • Credit score: 720 or higher
  • Employment: Must have a regular source of income

Details required

  • PAN card
  • Aadhaar card number

It is also essential to have your residential address in a location that is serviceable by DBS Bank and Bajaj Finserv to get the Bajaj Finserv DBS Bank Credit Card.

DBS bank credit card

About DBS Bank

DBS Bank India announced the launch of its first-ever credit card, the Bajaj Finserv DBS Bank Credit Card, in partnership with Bajaj Finance, powered by Visa.

Designed to eliminate the need for multiple credit cards, the SuperCard is a combination of four cards in one – credit card, debit card, EMI card, and loan card. Through this partnership, DBS Bank India and Bajaj Finance aim to create a better experience for their customers across India.

  • Did you know?

    Your cash points are only valid for 2 years from the date of accrual.

How to apply for the 5X Rewards Credit Card - First-Year-Free

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Step-by-step guide to applying for the Bajaj Finserv DBS Bank Credit Card

  1. Enter your 10-digit mobile number and click on ‘APPLY’.
  2. Verify the OTP sent to your phone to check if you have an offer.
  3. If you have an offer, your credit card limit will be displayed on the screen.
  4. Click on ‘GET IT NOW’ and enter your basic details such as your, PAN, date of birth, father’s name, occupation type, company name, marital status, and address details.
  5. Now click on ‘PROCEED’ to submit your application.
  6. After your submission, our representative will call you to complete the KYC.
After your KYC verification, your card will be sent to your residential address within 5 to 7 working days.
 
Note: The online process may differ depending on whether you are a new customer or have an existing relationship with us.

Applicable fees and charges

The following are the fees and charges for the Bajaj Finserv DBS Bank 5X Rewards Credit Card - First-Year-Free:

Type of fee Applicable charges

Joining fee

NIL

Renewal fee

Rs. 499 + GST

Reward redemption fee

Rs. 99+ GST per redemption

Cash advance fee

2.50% of the cash amount (minimum Rs. 500)

Late payment fee

•No charge for the amount due up to Rs. 100
•Rs. 99 for the total due amount greater than Rs. 100 and up to Rs. 500
•Rs. 499 for the total due amount greater than Rs. 500 and up to Rs. 5,000
•10% of the total due amount greater than Rs. 5,000 (maximum Rs. 1,299)

Over limit fee

Rs. 600 + GST

Finance charges

Up to 4% per month or 48% per annum

EMI conversion processing fee

2% of the conversion amount. Minimum of Rs. 249

Click here to read about the credit card fees and charges in detail.

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Pre-approved offers for new customers

Both our new and existing customers can choose from pre-approved offerings. All we need is your mobile number to check.

You do not have to go through the complete application procedure if you are one of our customers who has been pre-approved. Consider it our green channel.

You might not require a card right now or might not have a pre-approved offer. You can still pick from a variety of offerings:

  • Examine your credit standing

    Examine your credit standing

    Some of the most crucial factors for you are your credit health and CIBIL Score. Get our Credit Health Report to keep your credit in tip-top shape.

    Check your CIBIL Score for free

  • 1 million+ products on No Cost EMIs

    1 million+ products on No Cost EMIs

    Shop for electronics, gadgets, and apparel and split the bill into No Cost EMIs with the Insta EMI Card. Use this card across 1.2 lakh partner stores in 3,000+ cities.

    Check your pre-approved card limit

  • Convert your medical bills into easy EMIs

    Convert your medical bills into easy EMIs

    Convert your healthcare bills for 1,000+ treatments across 1,700+ hospitals into easy EMIs with the Health EMI Network Card.

    Check your Health EMI Network Card limit

  • Create a Bajaj Pay Wallet

    Create a Bajaj Pay Wallet

    The only four-in-one wallet in India that allows you to pay or transfer money using your digital wallet, a credit card, and UPI.

    Download Bajaj Pay

  • Insurance in your pocket to cover every life event

    In order to cover all of your life's events, including trekking, monsoon-related illnesses, car key loss/ damage, and more, we offer more than 400 insurance covers starting at just Rs. 19.

    Discover Insurance Mall

  •  Start an SIP with just Rs. 100 per month 

    Start an SIP with just Rs. 100 per month

    Pick from over 900 mutual funds across 40+ companies, such as SBI, Aditya Birla, HDFC, ICICI Prudential Mutual Fund, and more. 

    Discover Investment Mall

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Frequently asked questions

Will I receive a welcome bonus on my card?

Since the Bajaj Finserv DBS Bank 5X Rewards Credit Card comes without any joining fees, you do not get any welcome bonus.

Is there any annual fee for this card?

Yes, an annual fee of Rs. 499 + GST is applicable after the first year. However, this will be waived off if you spend a minimum of Rs. 50,000 in a year.

Apart from earning cash points, what other benefits do I get on this card?

The Bajaj Finserv DBS Bank 5X Rewards Credit Card - First-Year-Free comes with the following benefits:

  • Get a fuel surcharge waiver of up to Rs. 1,200 per year
  • Get 5% cashback on down payment at any Bajaj Finserv EMI Network partner store
  • Convert your purchases into affordable EMIs
  • Withdraw interest-free cash for up to 50 days*

*Processing fee of 2.5% or Rs. 500 (whichever is higher) is applicable.

What are 5X monthly milestone and 10X accelerated cash points?
  • When you spend a minimum of Rs. 10,000 in a month, you get 5X cash points, which means 5 times the regular cash points. This is known as the 5X monthly milestone.*
  • When you make utility, bill payments and travel bookings through the Bajaj Finserv or DBS Bank app – ‘DBS Card+ IN’, you get 10X rewards, which means 10 times the regular rewards. This is known as the 10X accelerated cash points.**

*Maximum cash points up to 3,000 per month.

**Maximum accelerated cash points up to 3,000 per month. This will be in addition to the monthly milestone cash points.

What are the subscription benefits on this card?

When you pay for online subscriptions such as Amazon Prime, OTT Play, Airtel Xtream, TOI+, Wynk Music, and Hindustan Times using this credit card, you get a discount of 20% in the form of cash points, which you can redeem to make other purchases.

For example, If you take a subscription worth Rs 1000 from DBS Bank app - DBS Card + IN, you will get 20% of the subscription amount as the cash points, which is 800 cash points in this case. 800 cashpoints will be equivalent to Rs 200.

What are cash points?

A cash point is a benefit offered in the form of points to users whenever they transact using the Bajaj Finserv DBS Bank Credit Card. Instead of receiving cashback, points earned against the transaction are credited to your credit card account.

The value of 1 cash point is adds up to Rs. 0.25. For every Rs. 200 spent, you earn 2 cash points. These can be redeemed on the Bajaj Finserv app or DBS Card+ IN app on categories like hotel and travel bookings, shopping, food, etc.

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