Credit Cards Deals

Deal: $250 cashback with a new DBS credit card and one transaction

New to DBS credit cards? Get S$250 cashback when you pick up one of six cards over the next two weeks, with just one transaction and no minimum spend.
EXPIRED This article relates to an offer or promotion which has now expired.

DBS has made another improvement to its regular ‘flash deal’ cashback sign-up offer for new-to-bank credit card customers applying for one of its cards over the next two weeks, with S$250 cashback awarded once your card account is activated and you’ve made your first transaction.

This is a nice improvement on the S$200 cashback DBS was offering in November, and recently is the highest cashback sign-up bonus deal the bank has offered.

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.

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The offer

You’ll earn S$250 cashback when you apply online for a DBS/POSB credit card using promo code ‘DECFLASH’– with no minimum spend required, just a single qualifying transaction.

Applicable cards are:

Here’s how it works:

  • Apply online for one of the credit cards listed above with promo code ‘DECFLASH’ by 15th December 2020. Your card account must be approved by 22nd 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$250 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 December 2020 and you complete the steps correctly, the cashback will be credited by 20th April 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:

  • posted 0% Interest Instalment Payment Plan monthly transactions
  • posted My Preferred Payment Plan monthly transactions
  • interest, finance charges, cash withdrawal, balance transfer, smart cash, AXS payments, SAM online bill payments, bill payments via internet banking and all fees charged by DBS
  • payments to educational institutions
  • payments to financial institutions (including banks, online trading platforms and brokerages)
  • payments to government institutions and services (court cases, fines, bail and bonds, tax payment, postal services, parking lots and garages, intra-government purchases and any other government services not classified here)
  • payments to hospitals
  • payments to insurance companies (sales, underwriting and premiums)
  • payments to non-profit organisations
  • payments to utility bill companies
  • payments to professional service providers (including but not limited to accounting, auditing, bookkeeping services, advertising services, funeral service and legal services and attorneys)
  • any top-ups or payment of funds to payment service providers, prepaid cards, any prepaid accounts or purchase of prepaid cards/credits (including but not limited to EZ-Link, GrabPay, NETS FlashPay and Singtel Dash)
  • any betting transactions (including levy payments to local casinos, lottery tickets, casino gaming chips, off-track betting and wagers)
  • any transactions related to crypto currencies
  • any transaction with transaction description “AMAZE*”
  • any other transactions determined by DBS from time to time

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$100 for the Visa card and S$50 for the Amex. Here’s how it looks alongside the bonus miles options:

Bonus Miles

Cashback
Promo Code:
DBSALT
Promo Code:
ALTAF
Promo Code:
DECFLASH
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:
S$0

Bonus Miles:
20,000

Cashback:
S$0

Bonus Miles:
0

Cashback:
S$250

S$250 cashback is definitely 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
Altitude Card Amex.png
First year
free

1.3 mpd
local

2.2 mpd
FCY
READ OUR REVIEW
DBS Altitude
Altitude Card Amex.png

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
Card
First year
free

4 mpd
online

Men can
apply
READ OUR REVIEW
DBS Woman's World Card
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 December 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$250 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.

(Photo: DBS)

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)

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