DBS yuu Card extends 18% rebates till 29 February 2024

The DBS yuu Card received a massive buff back in April 2023, which saw its underwhelming rewards system replaced by a beefy rebate of up to 18%. 

With a relatively achievable minimum spend of just S$600, this almost seemed too good to be true. Even die-hard miles collectors had to admit that 18% rebates would trump 6 mpd, and for the past few months, I’ve personally been earning yuu Points over miles for groceries (now Gojek too).

Of course, this isn’t sustainable indefinitely. We’re in the happy in-between period where consumers enjoy the largesse of VC money, in this case Temasek. But here’s some good news: the upsized 18% rebate, which was originally set to end on 30 September 2023, has now been extended a further five months to 29 February 2024.

DBS yuu Card extends 18% rebates till end-February 2024

DBS yuu Card
Apply (AMEX)
Apply (Visa)
	Earn Rate	Remarks
Non-yuu merchants	Base: 1 pt/S$1 (0.5% rebate)	No min. spend or cap
yuu merchants (till 29 Feb 2024)	Base: 10 pts/S$1 (5% rebate)	No min. spend or cap
	Bonus: 26 pts/S$1 (13% rebate)	Min. S$600 spend per month, cap at 15,600 points per month
Base points credited when transaction posts, bonus points credited within 60 days after the end of each month

As a reminder, the DBS yuu Card currently earns:

• A base of 10 points per S$1 spent at yuu merchants, with no minimum spend or cap
• An additional 26 points per S$1 spent at yuu merchants, subject to a min. monthly spend of S$600 and capped at 15,600 points per month

The bonus component will now be valid till 29 February 2024, instead of the original end date of 30 September 2023. 

As a reminder, the following merchants participate in the yuu programme:

Exclusions not as strict as previously thought

In another welcome development, DBS has added further clarity to the yuu Points exclusion list (look at Appendix 1). 

It was previously thought that all items on the exclusion list would not earn any yuu Points, period. However, DBS has now added a caveat that the exclusion list only applies to the 1x yuu Point funded by merchants.

In other words, instead of 18% rebates (36 points/S$1), you’ll earn 17.5% rebates ([36-1] points/S$1) for items on the exclusion list. I don’t think that’s something to lose sleep over.

Indeed, Sethisfy has confirmed that 17.5% rebates can be earned on Giant and Cold Storage vouchers, as well as Singtel bill payments via Singtel kiosks. And with the MileCub consuming milk at an alarming rate, I can confirm that baby formula earns 17.5% rebates.

Oh, I also earned 17.5% rebates on my plastic bags. Take that, environment!

DBS yuu Card sign-up offer

If you don’t already have a DBS yuu Card, the bank is currently offering the following sign-up offers for new and existing DBS customers who sign up by 30 September 2023.

Card	New	Existing
DBS yuu AMEX Apply	S$250	S$80
DBS yuu Visa Apply	S$250	S$50
❓ New Cardmembers are defined as those who do not currently hold a principal DBS/POSB card, and have not cancelled one in the past 12 months

A minimum spend of S$500 within 30 days of approval is required. You’ll obviously want to spend this entire amount at yuu merchants for the biggest possible rebate.

The T&Cs of this offer can be found here.

Conclusion

The DBS yuu Card has decided to extend the 18% rebates party till 29 February 2024. This is an excellent opportunity to save on your monthly groceries bill and Gojek rides, or if you’re upgrading your Singtel line or buying food from BreadTalk Group.

Like I said, this all has to end one day, but why not enjoy it while it lasts?

All is forgiven, PCK.

(HT: Sethisfy)