DBS offering largest-ever S$300 cashback for new-to-bank credit card customers

Apply by 10 Jan 2021 and get S$300 cash upon approval for a DBS/POSB credit card as a new-to-bank customer- the highest offer yet.

DBS has launched their largest-ever sign up offer for DBS/POSB credit cards, which runs from now till 10 January 2021

New-to-bank customers will receive S$300 cashback when they apply with the promo code FLASH300, with no minimum spend required (just make one transaction of any amount within 30 days of approval). For comparison, the previous offers we’ve seen have been between S$200-250, so this is really as good as it gets. 

⚠️ 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. 

CardAnnual FeeKey Features
DBS Live Fresh
Apply here
(First year free)
Up to 10% cashback on online and contactless 
DBS Altitude Visa
Apply here
Read Review
(First year free)
3 mpd on airline and hotel spend, 2 lounge passes

DBS Altitude AMEX
Apply here
Read Review
(First year free)
3 mpd on airline and hotel spend
DBS Woman’s Card
Apply here
(First year free)
2 mpd on online spending
DBS Woman’s World Card
Apply here
Read Review
(First year free)
4 mpd on online spending
POSB Everyday Card
Apply here
(First year free)
Up to 15% rebates on groceries, online food delivery and more

You must enter the code FLASH300 in the promo code box when applying. This is extremely important so don’t overlook this step– no code, no cash. 

dbs promo code box

Applications must be received by end of day on 10 January 2021, and approval given by 17 January 2021. 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.


This is the biggest offer that DBS has rolled out, so it’s absolutely the right time to apply if you don’t already have a DBS or POSB credit card. 

If you need some ideas, definitely consider applying for the DBS Woman’s World Card (men can get it 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 cards, with 3 mpd on online hotel and airfare bookings too. 

Aaron Wong
Aaron Wong
Aaron founded The Milelion to help people travel better for less and impress chiobu. He was 50% successful.

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