From 22 December 2021 to 11 January 2022, DBS is bringing back its largest 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 DECFLASH and make a minimum spend of S$300 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 credit 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 11 January 2022 with the code DECFLASH (don’t forget to enter the code- no code, no cashback!)
- Receive approval by 25 January 2022
- Activate your card
- 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 60-80 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.
Terms & Conditions
You can read the full T&Cs of this sign-up offer here.
Special offers for DBS cardholders
DBS Traveller Kit |
If you’re looking forward to some year-end VTL travel, DBS has put together a series of special deals and promotions that are well worth considering. Highlights include:
- Up to 55% off travel insurance plans (including COVID-19 coverage)
- Pre-departure PCR tests from S$125 nett
- S$20 off a S$200 Klook e-gift card
- S$50 off VTL flights booked through Trip.com
Conclusion
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 11 January 2022 to be eligible, and use the code DECFLASH.