DBS brings back S$300 cashback offer for new cardholders

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From now till 27 February, get S$300 cashback with a min. spend of S$500 on a new DBS credit card, for new-to-bank customers.

From 14-27 February 2022, DBS is running a flash offer on new DBS/POSB credit card sign-ups, with S$300 cashback for new-to-bank cardholders.

❓ New-to-bank
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.

Applicants must apply with the promo code FEBFLASH and make a minimum spend of S$500 within 30 days of approval.

We haven’t seen a S$300 sign-up offer since September 2022, so this marks a welcome return- even if the terms have become stricter over time (it used to be that only a single transaction of any amount was required). Still, we’re talking 60% cashback (S$300/S$500) isn’t bad, which is hard to complain about!

Which DBS credit cards are eligible?

The following credit cards are eligible for this promotion. 

CardAnnual FeeKey Features
DBS Altitude Visa
3 mpd on airline and hotel spend, 2 lounge visits

DBS Altitude AMEX
3 mpd on airline and hotel spend
DBS Live Fresh
Up to 5% cashback on online and contactless 
DBS Woman’s Card
2 mpd on online spending
DBS Woman’s World Card
4 mpd on online spending
DBS yuu Card
Gurmit Singh thanks you
POSB Everyday Card
Up to 8% rebates on groceries, online food delivery and more

If, for whatever reason, you don’t already have a DBS card, I’d highly recommend getting started with the DBS Woman’s World Card (review) so you can rack up 4 mpd on all online transactions (capped at S$2,000 per month). And yes, men can apply too. 

Here’s what you need to do:

  • Apply by 27 February 2023 with the code FEBFLASH (if you forget to enter the code, you can do so via this link)

dbs promo code box

  • Receive approval by 13 March 2023
  • Activate your card
  • Make a minimum qualifying spend of at least S$500 within 30 days of approval

S$300 will be credited to your account within 60-80 days of meeting the qualifying spend requirement.

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.

Terms & Conditions

You can read the full T&Cs of this sign-up offer here.


From now till 27 February 2023, DBS is offering new cardholders S$300 cashback upon approval for a credit card and S$500 minimum spend- don’t forget to use the code FEBFLASH.

It’s as good as it gets for new-to-bank customers, although they may also want to consider an alternative offer for 21,000 bonus miles with a minimum spend of S$2,000 on the DBS Altitude AMEX. Which is better boils down to how much you value a mile, though personally I’d lean towards the cash.

DBS Altitude extends 21,000 miles sign-up offer; cuts minimum spend by 50%

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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