Back again: S$300 cashback with S$300 spend on a new DBS/POSB credit card


From 7-20 September 2021, get S$300 cashback when approved for DBS/POSB credit card as a new-to-bank customer.

From 7-20 September 2021, DBS will be running its largest-ever offer for new DBS/POSB credit card sign-ups. 

New-to-bank customers will receive S$300 cashback when they apply with the promo code SEPFLASH 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.

⚠️ 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

Do this before you apply for the DBS Takashimaya AMEX

Apply Here

Last month, I wrote about a sensational offer for the DBS Takashimaya AMEX card, where new sign-ups could get S$200 cashback (usable anywhere) with S$200 spend at Takashimaya. That offer is still available for applications up to 30 September 2021. 

If you’re a new-to-bank customer, you should sign up for the offer in this article you’re reading now before applying for the DBS Takashimaya AMEX. 

That’s because the DBS Takashimaya AMEX offer is for both new and existing customers, while this “spend S$300 get S$300” offer is only valid for new customers. 

If you get the order wrong, you’ll only have S$200 cashback to show for it, since a DBS Takashimaya AMEX cardholder will not be eligible to participate in the “spend S$300 get S$300” offer. 

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 8% rebates on groceries, online food delivery and more

Here’s what you need to do:

  • Apply by 20 September 2021 with the code SEPFLASH (don’t forget to enter the code- no code, no cashback!)

dbs promo code box

  • Receive approval by 27 September 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.
👍 Remember: If you’re curious about the MCC of any particular merchant, you can look it up using the Visa Supplier Locator

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.


S$300 cashback is the biggest acquisition offer we see DBS run for new-to-bank customers, and is a great opportunity to get a DBS Woman’s World Card (men are eligible too!) for 4 mpd on online spending.

Remember to submit your applications by end of day on 20 September 2021 to be eligible, and use the code SEPFLASH.

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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