DBS offering largest-ever S$300 cashback for new credit card members


Apply for a DBS/POSB credit card by 12 July 2021 with the code MEGAFLASH and get S$300 cashback with one transaction (no min. spend)

DBS has brought back its largest-ever offer for new DBS/POSB credit card sign-ups, which runs from 15 June to 12 July 2021.

New-to-bank customers will receive S$300 cashback when they apply with the promo code MEGAFLASH and make a minimum of one qualifying transaction (of any amount). 

⚠️ 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

DBS offers don’t get any better than this, so if you still don’t have a DBS/POSB credit card, there’s no better time than the present. 

Which DBS cards are eligible?

The following credit cards are eligible for this promotion. 

Card Annual Fee Key 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 8% rebates on groceries, online food delivery and more

Here’s what you need to do:

  • Apply by 12 July 2021 with the code MEGAFLASH  (don’t forget to enter the code- no code, no cashback!)

dbs promo code box

  • Receive approval by 19 July 2021
  • Activate your card within 30 days of approval
  • Make at least one qualifying transaction of any amount within 30 days of approval

The S$300 cashback will be credited to your account within 50-75 days of card approval (an improvement from the previous 90-120 days quoted in previous campaigns). 

Qualifying spend is based on posted local and foreign retail sales and posted recurring bill payments, but excludes the following:

  • 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);
  • 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; and
  • any other transactions determined by DBS from time to time.
👍 Remember: If you’re curious about the MCC of any particular merchant, you can look it up using the Visa Supplier Locator

It looks like a long list of exclusions, but seriously, it’s no big deal. Go to your nearest supermarket and buy a can of Coke. That’s all you need to do. 

You can read the full T&C of this promotion here.


S$300 cashback is the highest we’ve ever seen DBS offering, and it’s the perfect opportunity to get yourself a DBS Woman’s World Card (men are eligible too!) for 4 mpd on online spending. Alternatively, the DBS Altitude Visa/AMEX can serve as good all-round general spending cards, with 3 mpd on online hotel and airfare bookings too. 

Remember to submit your applications by end of day on 12 July 2021 to be eligible, and use the code MEGAFLASH.

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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