The Woman's credit card from DBS is a shopping credit card that comes in two options: The DBS Woman's World Card and DBS Woman's Card. Both cards reward you with DBS Rewards Points when you shop online. These cards offer some interesting benefits, although most of these are optional and come at an additional cost. The prevailing interest rate is 25.90% interest per annum. Everyone likes to believe that they know what women want, and in my review of these two Women only cards from DBS I'll take a look at the benefits that both cards have in common, as well as their differences so you can decide if DBS got it right.

DBS Woman's World Card

DBS Woman's Card

What Both Cards Have In Common

DBS Rewards. You earn rewards on all online spending, and these points can be redeemed for shopping vouchers, restaurant dining and leisure activities through the DBS rewards website or hotline. You receive 1 Rewards point per $5 spent within 1 working day of making an online purchase, while the bonus points are added on the 16th of the next calendar month.

Exclusive privileges for women. You can get 2 complimentary visits to True Fitness Centres at Chevron House, Djitsun Mall, NTUC Income Tampines Junction and Suntec City, and True Yoga Centre at Pacific Plaza every month. There are 5 complimentary slots every day per centre.

Optional female cancer insurance. For an optional monthly premium based on age of $9.10-$57.75 for the premium plan or $7.60-$48.35 for the classic plan, you'll be covered in the event of being diagnosed with cancer specific to women and other major cancers. No medical examination is required to enroll in this plan, and you'll receive a lump sum of $45,000 on the premium plan or $25,000 on the classic plan in the event of being diagnosed with a relevant form of woman's cancer. In the case of major cancer, the lump sum paid out will be $36,000 on the premium plan and $20,000 on the classic plan.

TravellerShield. For an optional monthly premium starting at $20.30 depending on the destination and duration. Annual coverage for an individual traveling within Southeast Asia would start at a premium of $178.50 per year on the classic model, $246.50 on the premier model, or $365.50 on the platinum model. You'll be covered in the event of accidental personal injury, damage to luggage, public transport double indemnity, medical expenses incurred overseas and more to a maximum of $1,000,000 in the case of emergency medical evacuation, for example. Terms and conditions apply.

CardShield Prime. For an optional rate of $0.49 for every $100 on your monthly outstanding balance you receive the comprehensive coverage offered by CardShield Prime. Your balance payments will be insured for up to $200,000 in the event of accidental death and up to $100,000 in the event of cancer,critical illness, death or permanent disability. Terms and conditions apply.

DBS MasterCard® MoneySend™ allows you to send money anywhere in the world from the convenience of your mobile phone or internet-enabled device. The service gives you real-time currency exchange rate estimates and the receiver can collect the money at any ATM or merchant that accepts MasterCard.

MySavings Account provides a solid solution for long-term saving. You choose an amount between $50 and $3,000 which you would like to save monthly, and the day of the month on which you would like the deposit to be made (between the 1st and the 25th). The money is transferred to your savings account automatically every month on the specified day. You can change the amount and savings date anytime through DBS iBanking or at any DBS branch. Savings are rewarded with $25 to $50 bonus interest depending on your plan. Terms and conditions apply.

Minimum monthly repayment. If you have a balance, the minimum monthly payment will be 3% of statement balance or $50, whichever is greater.

Difference Between These Two Cards

DBS Woman's Card:

$$160.50 annual fee is waived for 1 year. You can avoid paying the annual fee by charging $15,000 per year to this card. The annual fee is automatically waived when you reach that spending tier.

Get 5X DBS Rewards or 10 miles for every $5 you charge to this card when you shop online. You'll receive 1X DBS Rewards Point for every $5 spent, plus a bonus 4X Rewards Points per $5 spent up to a maximum of $1,000 spent per calendar month.

DBS Woman's World Card:

$192.60 annual fee is waived for 1 year. You can avoid paying the annual fee by charging $25,000 per year to this card. The annual fee is waived when your spending with this card reaches that amount.

Get 10X DBS Rewards. Get 10 DBS Points or 20 miles for every $5 spent on online purchases. When you shop on the internet using this card, you receive 1X DBS Rewards Point per $5 spent, plus an additional 9X Rewards Points on each $5 up to a limit of $2,000 spent monthly.

Travel rewards. Get 3X DBS Rewards (3 DBS Points or 6 miles for every $5 spend) when you use your card outside of Singapore.

DBS MasterPass is a secure payment solution for your online shopping. It lets you store your shipping and payment information safely so you don't have to re-enter that information every time you shop at a new online store.

Money Care provides personal accident protection as well as coverage for card or wallet loss. This optional coverage comes at a premium of $8.90 per month, and provides up to $3,000 coverage per year in the case of robbery within 60 minutes of an ATM cash withdrawal. You also get a free reporting service (up to 10 cards) and will be reimbursed with up to $300 per card in the case of loss. If a stolen card is used fraudulently after reporting card loss, you may receive coverage of up to $100,000. This optional coverage also offers financial protection against document theft and personal accident insurance (up to $100 per day for up to 180 days per injury). If you're under 30 years of age, this optional coverage also provides loan protection of up to $5,000 in the case of accidental death or permanent disablement.

World MasterCard Benefits. A World Mastercard gives you all of the benefits of a regular MasterCard plus access to travel, dining and shopping prvileges and a global concierge service.

Both the DBS Woman's World Card and the DBS Woman's Card are solid rewards cards that will appeal to women who do a lot of online shopping. They let you earn 5 to 10 points per $5 spent online, depending on which version of the card you have. The annual fee is waived for 1 year with both cards, so you can enjoy earning rewards for 12 months without paying an annual charge. In my opinion, at just $32.10 more per annum DBS Woman's World Card may be the better investment. This is especially true if you travel a lot, as World MasterCard credit cards give you a lot of travel benefits including a global concierge service that can help save you time by taking care of reservations, shopping and more. If your primary reason for getting a credit card is to earn rewards and enjoy privileges, DBS Woman's Card may suit you just as well.