New DBS credit card sign-up offer: S$300 cashback with S$300 spend

DBS has brought back its largest-ever offer for new DBS/POSB credit card sign-ups, which runs from 3-16 August 2021. 

New-to-bank customers will receive S$300 cashback when they apply with the promo code AUGFLASH and make a minimum qualifying spend of S$300. This is slightly different from previous promotions, where you only needed to make a single transaction of any amount.

Which DBS cards are eligible?

The following credit cards are eligible for this promotion. 

Card	Annual Fee	Key Features
DBS Live Fresh Apply here	S$192.60 (First year free)	Up to 10% cashback on online and contactless
DBS Altitude Visa Apply here Read Review	S$192.60 (First year free)	3 mpd on airline and hotel spend, 2 lounge passes
DBS Altitude AMEX Apply here Read Review	S$192.60 (First year free)	3 mpd on airline and hotel spend
DBS Woman’s Card Apply here	S$160.50 (First year free)	2 mpd on online spending
DBS Woman’s World Card Apply here Read Review	S$192.60 (First year free)	4 mpd on online spending
POSB Everyday Card Apply here	S$192.60 (First year free)	Up to 8% rebates on groceries, online food delivery and more

Here’s what you need to do:

• Apply by 16 August 2021 with the code AUGFLASH (don’t forget to enter the code- no code, no cashback!)

• Receive approval by 23 August 2021
• Activate your card within 30 days of approval
• Make a minimum qualifying spend of at least S$300 within 30 days of approval

The S$300 cashback will be credited to your account within 50-75 days of card approval.

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.

For the avoidance of doubt, payments to CardUp will qualify, as will buying grocery vouchers. 

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

Conclusion

DBS frequently runs acquisition offers for new-to-bank customers, but S$300 cashback is the biggest offer we see. This is the ideal 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 16 August 2021 to be eligible, and use the code AUGFLASH.