DBS flash deal: S$300 cashback with S$300 spend on new credit cards

DBS has another flash sign-up offer for six of its credit cards running over the next 10 days or so, allowing new customers to earn an easy S$300 cash rebate for a minimum spend of S$300 in the first 30 days (equivalent to 100% cashback).

That’s not quite as generous as the S$300 sign-up gift on offer between mid-June and mid-July, which required only a single transaction to unlock the cashback, however a S$300 spend in 30 days remains quite reasonable and now seems to be the norm from the bank.

You can even achieve it by buying Cold Storage or NTUC vouchers for future shopping, if you don’t have any immediate spend coming up.

To be eligible, you’ll have to apply between 5th October 2021 and 18th October 2021.

This deal could potentially be a nice opportunity to add one of our recommended miles-earning options to your wallet, like the Woman’s World or Altitude cards, if you’re not currently holding a DBS or POSB credit card as a principal cardholder.

Eligibility

To be eligible, you’ll need to be a new-to-bank credit card customer.

If you are a supplementary DBS/POSB cardholder but not a primary cardholder on any such account, you’ll also qualify as a new customer.

The offer

You’ll earn S$300 cashback when you apply online for a DBS/POSB credit card using promo code ‘OCTFLASH’– with S$300 minimum spend required in the first 30 days.

Do make sure not to skip this step when you apply. No code – no cashback!

Applicable cards are:

DBS Altitude Visa APPLY	DBS Altitude Amex APPLY
DBS Woman’s APPLY	DBS Woman’s World APPLY
DBS Live Fresh APPLY	POSB Everyday APPLY

Here’s how it works:

The qualifying spend can be online or in-person and can be charged in SGD or foreign currency, or any mixture of these.

The S$300 cashback will then be credited to your card account within 50 to 75 days from the date of your S$300 minimum spend being met.

For example if your card is approved on 15th October 2021 and you complete the steps correctly, with a total of S$300+ spend met by 14th November 2021, the cashback will be credited by 28th January 2021.

Your card account must remain open and in good standing when the cashback is credited.

Excluded transactions

You only have to make S$300 spend to qualify for this offer, so make sure it’s all eligible especially if you’re planning to hit the minimum level exactly during the first 30 days.

Here’s a list of excluded spend categories:

DBS Spend exclusion 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 card.

This deal is currently the most generous cashback bonus on offer, which is hiked by S$100 from the bank’s ongoing S$200 Lazada vouchers offer.

S$300 cashback is also a better deal than the recent 10,000 bonus miles sign-up offers (which we value at around S$190), and with only S$300 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, check out our full review of the Altitude cards.

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 full review for all the details.

Terms and conditions

Here are the full terms and conditions applicable to this sign-up offer.

 DBS October 2021 Sign Up Flash Deal T&C

Further details are available at the promotion page.

DBS is back with its top S$300 cashback sign-up bonus for new-to-bank members picking up these credit cards, with a minimum spend of S$300 in the first 30 days to qualify for the gift.

That’s far from unreasonable in our view, and is effectively equivalent to 100% cashback!

The deal is great if you don’t yet hold a credit card with the bank, or have been DBS/POSB credit card free for a year or more.

Remember you must use the promo code OCTFLASH when applying to be eligible for this cashback offer, between Tuesday 5th October 2021 and Thursday 18th October 2021.

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 DBS credit card of their own, and haven’t for the last 12 months, they should probably take advantage now.

(Cover Photo: Shutterstock)