DBS has improved its cashback sign-up offer for new-to-bank credit card customers applying for one of its cards over the next two weeks, with S$200 cashback offered once your card account is activated and you’ve made your first transaction.
There’s no minimum spend required, so this could potentially be a great opportunity to add one of our recommended miles-earning options to your wallet, like the Woman’s World or Altitude cards.

Eligibility
To be eligible, you’ll need to be new to DBS/POSB credit cards, which means currently not holding any principal DBS/POSB credit card and/or having not cancelled any DBS/POSB credit card(s) within the last 12 months.
If you are a supplementary DBS/POSB cardholder but not a primary cardholder on any such account, you’ll also be eligible as a new customer.
The offer
You’ll earn S$200 cashback when you apply online for a DBS/POSB credit card using promo code ‘NOVFLASH’– with no minimum spend required, just a single qualifying transaction.

Applicable cards are:
- DBS Live Fresh Card
- DBS Woman’s Card
- DBS Woman’s World Card
- DBS Altitude Visa Card
- DBS Altitude Amex Card
- POSB Everyday Card
Here’s how it works:
- Apply online for one of the credit cards listed above with promo code ‘NOVFLASH’ by 26th November 2020. Your card account must be approved by 3rd December 2020.
- Activate the card within 30 days of your approval date.
- Charge one qualifying transaction on the card within 30 days of your approval date.
The qualifying transaction must be made by the primary cardholder, not a supplementary cardholder. It can be online or in-person and can be charged in SGD or foreign currency.
The S$200 cashback will then be credited to your card account within 120 days (4 months) of the date of card approval, so for example if your card is approved 20th November 2020 and you complete the steps correctly, the cashback will be credited by 20th March 2021.
Your card account must remain open and in good standing when the cashback is credited.
Excluded transactions
You only have to make one transaction to qualify for this offer, so make sure it’s eligible especially if that’s the only spend you intend to make during the first 30 days.
Here’s a list of excluded spend categories:
DBS Spend exclusion categories
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DBS Altitude cards
One of the most popular general spend cards among our readers in the DBS lineup is the bank’s Altitude cards.
There’s still a 10,000 miles sign-up bonus running for these until 31st January 2021, with a cashback alternative of S$150 (Visa) or S$200 (Amex) for a spend of S$800 in the first 30 days.
This new deal is a much easier way to qualify for the cashback element, which is hiked by S$50 for the Visa card. Here’s how it looks alongside the bonus miles options:

Bonus Miles |
Cashback |
|
Promo Code: DBSALT |
Promo Code: ALTAF |
Promo Code: NOVFLASH |
↓ | ↓ | ↓ |
Spend: S$6k in 90 days |
Spend: Once in 30 days |
|
Fee waiver | Annual Fee: S$192.60 |
Fee waiver |
↓ | ↓ | ↓ |
Bonus Miles: 10,000 Cashback: |
Bonus Miles: 20,000 Cashback: |
Bonus Miles: 0 Cashback: |
S$200 cashback is arguably a better deal than 10,000 bonus miles (which we value at around S$190), and with no minimum spend requirement this could be a good time to take the plunge with one of these cards if you don’t currently hold a DBS/POSB credit card and haven’t done for the last 12 months.
For further details see the DBS Altitude promotion page.
You can also check out our full review of the card for all the details on its features.
DBS Altitude | |||
![]() |
First year free |
1.3 mpd local |
2.2 mpd FCY |
READ OUR REVIEW | |||
DBS Altitude | ||
![]() |
||
First year free |
1.3 mpd local |
2.2 mpd FCY |
READ OUR REVIEW | ||
DBS WWMC
The other great DBS credit card to have in your wallet (or actually, on your desk at home) for miles earners is the Woman’s World Mastercard (WWMC), which earns 4 miles per dollar for the first S$2,000 in monthly online transactions.
The best part? Men can apply too!
Check out the product promotion page and our recent review for full details.
DBS Woman's World Card | |||
![]() |
First year free |
4 mpd online |
Men can apply |
READ OUR REVIEW | |||
DBS Woman's World Card | ||
![]() |
||
First year free |
4 mpd online |
Men can apply |
READ OUR REVIEW | ||
Terms and conditions
Here are the full terms and conditions applicable to this sign-up offer.
DBS November Sign Up Flash Deal T&C
Further details are available at the promotion page.
Summary
We don’t usually write much about cashback offers but this one is quite generous for those of you who don’t yet have a DBS credit card. S$200 cashback is even better than a 10,000 miles sign-up bonus in our book, and with no minimum spend, just one simple transaction in the first 30 days, it’s a no-brainer to go for this option.

If you’re already a DBS credit card customer, check whether any of your supplementary cardholders are eligible. If they don’t have a primary card of their own, and haven’t for the last 12 months, they might want to take advantage now.
(Cover Photo: Shutterstock)