From 25 June- 10 July 2020, new-to-bank customers who sign up for DBS credit cards will receive S$220 cashback. This is 10% more than the previous S$200 deal that ended a week ago.
| โ ๏ธ DBS defines “new-to-bank” as customers who do not currently hold a principal DBS or POSB credit card, and have not done so in the past 12 months |
Which DBS cards are eligible?
The following credit cards are eligible for this promotion (use the code SHOP220 when applying):
| Card | Annual Fee | Key Features |
 DBS Live FreshApply here |
S$192.60 (First year free) |
Up to 10% cashback on online and contactless |
 DBS Altitude VisaApply here Read Review |
S$192.60 (First year free) |
3 mpd on airline and hotel spend, 2 lounge passes |
 DBS Altitude AMEXApply here Read Review |
S$192.60 (First year free) |
3 mpd on airline and hotel spend |
 DBS Woman’s CardApply here |
S$160.50 (First year free) |
2 mpd on online spending |
 DBS Woman’s World CardApply here Read Review |
S$192.60 (First year free) |
4 mpd on online spending |
 POSB Everyday CardApply here |
S$192.60 (First year free) |
Up to 15% rebates on groceries, online food delivery and more |
Do note that links above will send you directly to the DBS website; there’s no need to fill a separate SingSaver rewards form.
You will need to enter the code SHOP220 in the promo code box when applying. This is extremely important so don’t overlook this step.
Applications must be received by 10 July 2020, and approval given by 17 July 2020. You’ll receive cashback corresponding to your qualifying spend within 30 days of approval, up to a cap of S$220.
DBS provides a list of transactions that do not constitute qualifying spend for this promotion. Curiously enough, they’ve added local transport, petrol, and GrabFood to the usual list. It’s odd, but there’s plenty of other transactions you can do instead.
| a. posted 0% Interest Instalment Payment Plan monthly transactions; b. posted My Preferred Payment Plan monthly transactions; c. 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; d. payments to educational institutions; e. payments to financial institutions (including banks, online trading platforms and brokerages); f. 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); g. payments to hospitals; h. payments to insurance companies (sales, underwriting and premiums); i. payments to non-profit organisations; j. payments to utility bill companies; k. payments to professional service providers (including but not limited to accounting, auditing, bookkeeping services, advertising services, funeral service and legal services and attorneys); l. any top-ups or payment of funds to payment service providers, prepaid accounts and any prepaid accounts (e.g. EZ-Link, NETS FlashPay, Singtel Dash); m. any betting transactions (including levy payments to local casinos, lottery tickets, casino gaming chips, off-track betting and wagers); n. payments for local transportation; o. payments for petroleum; p. payments to telecommunication companies; q. payments to GrabFood; r. any transactions related to crypto currencies; and s. any other transactions determined by DBS from time to time |
Cashback will be credited to your account within 30 days from the date of card approval.
The full T&C of this promotion can be found here.
Conclusion
I can’t think of too many people who don’t have a DBS or POSB credit card by now, but if you’re one of them, here’s a chance to pick up some extra cash while applying.
I’d certainly be going for a DBS Woman’s World Card (men can apply too) and using it for the first S$2,000 of online spending every month. This will give you 4 mpd on things like Amazon, Lazada, Qoo10, air tickets, hotel bookings (which are paid for online), movie tickets and more.
Your card art for POSB Everyday Card outdated already lah… It was changed some time last year
wait. you keep up with the card art for cashback cards?
that’s high treason round these parts!
Haha mum owns an Everyday card. Was hard enough just persuading her to get a credit card for the Multiplier account..
The T&C is a bit confuse, charge retail transactions to the Card within 30 days from Card Approval Date and up to a cap of S$220 cashback
It didn’t mention how much to spend or how many times, does it mean just make one eligible transactions to receive the $220 after approval?
Singsaver additional T&C:
Get 100% cashback when you shop and dine, capped at $220, however didn’t stated in DBS T&C
here’s how it works: whatever you spend in the first 30 days on qualifying transactions, you get back, subject to a cap of S$220.
spend S$250 on dining= get s$220 cashback
spend S$250 on insurance= $0
Thanks Aaron
I read $220 cashback only applicable to retail transactions (within qualifying spend).
Meaning the cashback is not applicable to online transaction (even with qualifying spend)?
online spending IS retail spending, so long as you dont spend on any of the excluded categories