February offer: S$300 cashback for new-to-bank DBS/POSB cardholders

Expired

From now till 28 February 2022, new-to-bank DBS cardholders will enjoy S$300 cashback with a min. spend of S$300.

From 15-28 February 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 FEBFLASH and make a minimum spend of S$300 within 30 days of approval. That’s basically 100% cashback, and since you can buy Cold Storage or NTUC vouchers to meet the minimum spend, not difficult to convert it into something useful. 

⚠️ DBS defines “new-to-bank” as customers who do not currently hold a principal DBS or POSB credit card, and have not cancelled any in the past 12 months

Which DBS credit cards are eligible?

The following credit cards are eligible for this promotion. 

CardAnnual FeeKey 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 28 February 2022 with the code FEBFLASH (don’t forget to enter the code- no code, no cashback!)

dbs promo code box

  • Receive approval by 13 March 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.

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 28 Feburary 2022 to be eligible, and use the code FEBFLASH.

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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R M

Thanks for this! Argh, I just signed up as a new-to-bank customer and got approved, but forgot to input the promo code despite the warning… Would calling DBS to apply the code after the fact work?

R M

Thanks, Aaron. Just called DBS, they said they’ll try. Not too hopeful, but let’s see. Cheers!

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