DBS Bank has recently introduced the DBS Visa Prepaid Card in commemoration of the Singapore 2010 Youth Olympic Games. Simply, the card is loaded with a stored value and can be used just like a credit card or a debit card over the counter. This card is accepted locally and overseas, and even over the internet. Unlike the CapitaGiftCard, the DBS Visa Prepaid Card is the first prepaid card in Singapore which can be used for online and overseas transactions.
According to the DBS website, ‘The Singapore 2010 Youth Olympic Games DBS Visa Prepaid Card is a DBS and Visa branded Prepaid Card designed exclusively for the Singapore 2010 Youth Olympic Games. The Card can be used from the time of purchase and activation till after the Games, as long as you top up your Visa-purse value to pay for your purchases at all Visa-accepting merchants, both locally and abroad.’ Topping up of the card is convenient, either through an online portal or at any AXS Station. However, the CapitaGiftCard cannot be reloaded. The Singapore 2010 Youth Olympic Games DBS Visa Prepaid Card is valid until 31 December 2011.
As the Singapore 2010 Youth Olympic Games is the very first of its kind in the world, this prepaid card is definitely worth collecting. Impress your friends by using these prepaid cards for payment, although it is recommended for collection purposes. The Champions Edition Prepaid Card Gift Pack is available at S$188 (US$137), while the Mascots Edition Prepaid Card is available as a Gift Pack at S$50 or S$28 each. The card can be purchased over the internet or at any DBS branch in Singapore. For those who just want a prepaid card to make payment transactions over the internet, DBS would probably release a standard version of the card in time to come, due to the popularity of prepaid cards in other countries as a secure mode of payment.
Update, 7 May 2010:
I’ve finally purchased the cards over the internet! Here’s a glimpse of what you will receive.