From 21 September to 5 October 2020, new-to-bank customers who sign up for DBS/POSB credit cards will receive up to S$250 cashback when they apply with the code DBSFLASH and make at least one qualifying transaction of any amount within 30 days of approval.
| 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. Do note that only the DBS Altitude American Express Card is eligible for S$250 cashback; all other cards here receive S$200 cashback.
| 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 must enter the code DBSFLASH in the promo code box when applying. This is extremely important so don’t overlook this step- no code, no cash.
Applications must be received by end of day on 5 October 2020, and approval given by 12 October 2020. Successful applicants will need to make at least one qualifying transaction of any amount within the first 30 days.
Qualifying spend does not include the following:
| 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. any transactions related to crypto currencies; and o. any other transactions determined by DBS from time to time |
The cashback gift will be credited to your card account balance within 120 days of 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 a nice gift while applying.
If you’re new to DBS cards, definitely consider applying for the DBS Woman’s World Card (men can apply too) and using it for the first S$2,000 of online spending every month. Alternatively, the DBS Altitude Visa/AMEX can serve as a good all-round general spending card, plus the biggest cash gift is reserved for the Altitude AMEX anyway.
