Cards for Life: Credit Card Eligibility for 65 years old and above
Starting 11 June 2025, customers aged 65 and above can apply for any DBS/POSB credit card using CPF LIFE payouts as income proof.
You may apply in person at any of our DBS/POSB branches with the required documents or by calling our Customer Centre at 1800 111 1111, fill in the PDF application form, attach a copy of your NRIC and at least one income document and mail it in.
Eligibility for Credit Card Application
- If you’re 56 years old and above, you’ll need a minimum annual income of S$15,000 for Singaporeans/ Permanent Residents.
- If you’re below 56 years of age, refer to Eligibility for Credit Card Application for more information.
- Receive a sign-up gift if;
- You are currently not holding on to any Principal DBS/POSB Credit Card and;
- Did not cancel your Principal DBS/POSB Credit Card within the last 12 months.
- Be sure to use the applicable promo code in the application form. Refer to our current promotions for more information.
Documents Required
- A copy of NRIC (Front & Back); and
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At least one of the income documents below, please provide latest copy.
Income Document(s) required Period (months/year) Rental Income Tax Notice of Assessment in SGD 1 year Pension For pension payout received in DBS/POSB accounts, please indicate your personal Savings/Current account number under the Income Information Submission section on the application form (available at our Branches or call our Customer Centre)
or
Personal Bank statement in SGD showing pension payout.3 months Dividend or Interest income Income Tax Notice of Assessment in SGD and/ or
Annual personal bank statement in SGD showing Dividend or interest income1 year CPF Life / Retirement Sum Scheme (RSS) Payout CPF monthly payouts history statement showing CPF Life/Retirement Sum Scheme (RSS) payout
or
Personal Bank statement in SGD showing CPF Life/Retirement Sum Scheme (RSS) payout.1 month Salary
Employees with length of service more than 3 monthsComputerized payslip in SGD or
Salary Crediting bank statements in SGD
For salary credited into DBS/POSB account, indicate your personal Savings/Current account number under the Income Information Submission section on the application form (available at our branches or call our customer centre)3 months Salary
Employees with length of service less than 3 monthsLatest computerised payslip or
Company letter certifying employment and salary in SGD (signed copy by HR and you) and a copy of Staff Pass- - You can provide income document(s) that sum up to a minimum of S$1,250 monthly income ($15,000 annual income)
- We don't accept Assets Under Management (AUM) in place of income for unsecured credit card applications. However, you may consider applying for a Secured Credit Card by placing a Fixed Deposit. Learn more about Secured cards.
- Credit limit is determined at DBS' discretion. However, we will take your preferred limit into consideration and assign a credit limit not exceeding your preferred limit.
Application Process
- You can apply in person at any of our DBS/POSB branches with the required documents or by calling our Customer Centre at 1800 111 1111. Fill in the PDF application form and attach a copy of your NRIC and at least one income document and mail it in.
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Processing will take 7 to 9 working days after receiving the completed application with all the required documents.
- Once approved, the Credit Card will be mailed to your mailing address.
- If your application is declined, you will be notified by mail.
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