It’s back: DBS offering S$300 cashback with S$500 spend on new credit cards

EXPIRED This article relates to an offer or promotion which has now expired.
 

If you’re not yet a DBS credit card holder, or if it’s been a year since you last had one, the bank has brought back its regular two-week flash sign-up offer for eight of its credit cards this month, allowing new customers to earn an easy S$300 cash rebate for a minimum spend of S$500 in the first 30 days – equivalent to 60% cashback.

This is the first time the deal has been seen for five months, with the last promotion in September 2022. It also includes the DBSyuu cards for the first time.

You can even achieve the S$500 spend buying Cold Storage or NTUC vouchers for future shopping, if you don’t have any immediate expenses coming up.

To be eligible, you’ll have to apply between 14th February 2023 and 27th February 2023.

As always, this deal is 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 ‘FEBFLASH’– with S$500 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
DBSyuu Visa APPLY	DBSyuu Amex APPLY

Here’s how it works:

• Apply online via DBS digibank or Myinfo with Singpass for one of the credit cards listed above using promo code ‘FEBFLASH’ between 14th February 2023 and 27th February 2023.
• Have your card account approved by 13th March 2023.
• Charge at least S$500 of eligible spend to the card within 30 days of your approval date.

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 60 to 80 days from the date of your S$500 minimum spend being met.

For example if your card is approved on 21st February 2023 and you complete the steps correctly, with a total of S$500+ spend met by 11th March 2023, the cashback will be credited by 30th May 2023.

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

Excluded transactions

You only have to make S$500 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) payments made via CardUp, FavePay, iPaymy and SmoovPay 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 currently a series of 15,000 to 31,000 miles sign-up bonuses running for these cards for new-to-bank credit card customers, until 30th June 2023.

This new S$300 cashback deal is much easier to qualify for, with those offers requiring S$2,000 spend in the first 30 days, but you might want to consider them as alternatives, using the following promo codes.

DBS Altitude Amex

Bonus Miles		Cashback
Promo Code: ALTMEXW	Promo Code: ALTMEX	Promo Code: FEBFLASH
↓	↓	↓
Spend: S$2k in 30 days		Spend: S$500 in 30 days
Fee waiver	Annual Fee: S$192.60	Fee waiver
↓	↓	↓
Bonus Miles: 21,000 Cashback: S$0	Bonus Miles: 31,000 Cashback: S$0	Bonus Miles: 0 Cashback: S$300

21,000 bonus miles (which we value at around S$400) is probably better value than S$300 cashback, but do be aware of the S$2,000 minimum spend requirement in the first 30 days to trigger this gift, compared to only S$500 in 30 days for the cashback offer.

DBS Altitude Visa

Bonus Miles		Cashback
Promo Code: ALTVISW	Promo Code: ALTVIS	Promo Code: FEBFLASH
↓	↓	↓
Spend: S$2k in 30 days		Spend: S$500 in 30 days
Fee waiver	Annual Fee: S$192.60	Fee waiver
↓	↓	↓
Bonus Miles: 15,000 Cashback: S$0	Bonus Miles: 25,000 Cashback: S$0	Bonus Miles: 0 Cashback: S$300

For the Visa card the sign-up bonus will only net you 15,000 additional miles with first-year fee waiver, which probably isn’t as attractive as this latest S$300 cashback deal.

You’ll also wait a lot longer for the bonus to credit with the miles sign-up bonuses – between three and four months from card approval, while the S$300 cashback is much quicker, taking only 60 to 80 days.

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 February 2023 Sign Up Flash Deal T&C

Further details are available at the promotion page.

DBS is back with its S$300 cashback flash sign-up bonus for new-to-bank members picking up these credit cards, after a five-month hiatus, with a minimum spend of S$500 in the first 30 days to qualify for the gift.

That’s quite a reasonable spend in our opinion, and is effectively equivalent to netting 60% cashback on the first S$500 spend!

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, and is a particularly good time to get the WWMC card.

Remember you must use the promo code FEBFLASH when applying to be eligible for this cashback offer, between Tuesday 14th February 2023 and Monday 27th February 2023.

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)