Targeted offer for DBS Woman’s Card: S$250 cashback and 10X points on offline shopping

DBS recently launched a series of targeted sign up offers for several of its credit cards. I just wrote about the offer available on the DBS Altitude, but there’s another fairly attractive one for the DBS Woman’s World Card too.

Through this offer, customers who spend S$1,200 can get S$250 cashback, plus 10X points (4 mpd) on offline shopping for the first 180 days, subject to a cap.

The T&C of the offer can be found here.

Spend S$1,200, get S$250 cashback

Customers who receive the invitation to apply (via eDM, SMS or push notification on the DBS app) can earn S$250 by spending S$1,200 within 90 days of approval.

To take advantage of this offer, you’ll need to enter the promo code JUSTFORYOU during the online application process:

Your application must be submitted by 31 March 2020, and approval received by 14 April 2020. 

The sign up gift will be credited to your account by the end of 150 days from card approval date, assuming you’ve met the qualifying criteria.

Do note that you’re limited to one sign up gift under this entire promotion, which is to say that if you can get either the DBS Altitude or DBS Woman’s World Card’s gift.

Spend	S$6,000	S$1,200
Reward	17,000 miles (~S$306)	S$250
Effective Rebate	~5%	~20%

For me, it’s really no contest. The gift on the DBS Woman’s World Card represents an implausibly high cashback rate of more than 20%, and as much as I love miles, I find it impossible to say no to that. Add in the fact that the first year’s annual fee is waived, and I’m sold.

Keep in mind, you can apply for the DBS Altitude as an existing customer under the current public offer and get 5,000 bonus miles for spending S$6,000 in the first 90 days of approval. In addition to that, for the first 3 months you’ll enjoy 4 mpd on SimplyGo for the Altitude Visa, and a bonus 50% miles for the Altitude AMEX.

So you needn’t feel too bad if you “miss out” on the DBS Altitude’s targeted offer by opting for the DBS Woman’s World Card instead.

Earn 10X on offline shopping for the first 180 days

As you already know, the DBS Woman’s World Card gives 10X points (4 mpd) on online transactions, capped at the first S$2,000 per calendar month.

However, customers who sign up under this promotion will also enjoy 10X points on offline shopping transactions made within the first 180 days from card approval. This is broken into:

• 1X base points per S$5 spend
• 9X bonus points per S$5 spend

The maximum bonus reward is capped at the first S$1,000 of offline shopping spend per calendar month, which means the maximum bonus you can earn is 3,600 miles.

Offline shopping is defined as the following MCCs:

I don’t see this as that fantastic a deal, given that there are other cards which more than adequately cover the offline shopping space (e.g Citi Rewards Visa, OCBC Titanium Rewards). However, if you’ve maxed out those caps, or are conserving your Citi Rewards Visa’s monthly 10X for flabsay hopbups, this might come in useful nonetheless.

What can you do with DBS Points?

DBS Points earned on the DBS Woman’s World card can be transferred to the following frequent flyer programs.

	Transfer Ratio (Points: Miles)
Singapore Airlines KrisFlyer	1:2
Asia Miles	1:2
Qantas Frequent Flyer	1:2
AirAsia BIG	1:3

DBS Points earned on the Woman’s World Card expire 1 year after earning. A S$26.75 admin fee applies per transfer; however, customers can also opt to pay S$42.80 to enroll in the KrisFlyer Auto Conversion program, where points are automatically converted at the start of each quarter.

Conclusion

S$250 cashback on S$1,200 of spending is an extremely generous promotion, and one you should definitely take up if you’re targeted. Just make sure that your S$1,200 of spending is on eligible 10X categories, so as to maximize your return.