Rewards Updates : DBS First to Accept CPF LIFE Payouts for Credit Card Applications

Source : 

https://www.moomoo.com/news/post/54080317/dbs-first-to-accept-cpf-life-payouts-for-credit-card?level=1&data_ticket=1749470706210211

Apple Intelligence : 

• Financial Inclusion Initiative: DBS becomes the first bank in Singapore to accept CPF LIFE payouts as income for credit card applications.

• Target Audience: The initiative aims to expand access to financial products for retirees and seniors receiving CPF LIFE payouts.

• Application Process: CPF LIFE recipients can apply for entry-level DBS and POSB credit cards using their CPF LIFE Annual Statement, with a simplified application process.