Since February this year, the DBS Takashimaya AMEX Card has been running a lucrative welcome offer of S$150 cashback with a minimum spend of S$250.
Now, S$150 is obviously not the biggest welcome offer on the market- not when Citi and StanChart think nothing of splashing out S$500 for new sign-ups. However, what makes this offer attractive is that it’s available to both new and existing DBS/POSB cardholders. That’s a rarity these days, when banks roll out the red carpet for new acquisitions, but give existing customers nothing more than a shrug.
This offer was originally supposed to lapse on 30 June 2024, but has now been extended to applications submitted by 31 August 2024.
DBS Takashimaya AMEX Card S$150 cashback offer
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DBS Takashimaya AMEX Cardholders who apply and receive approval from 1 February to 31 August 2024 will receive S$150 cashback when they spend at least S$250 within 30 days of approval at:
- Takashimaya Department Store
- Takashimaya Online Store
- Participating speciality stores at Takashimaya Shopping Centre
This welcome offer does not apply to the DBS Takashimaya Visa Card.
There is no cap on the maximum number of eligible applicants, and is available to both new and existing DBS/POSB cardholders; the only exclusion is for individuals who cancelled a DBS Takashimaya AMEX or Visa in the past 12 months.
| โ ๏ธ If you’re a new DBS/POSB cardholder |
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New DBS/POSB cardholders would be better off applying for a different DBS/POSB card first, enjoying the welcome offer on that card, then subsequently applying for this card. For example, new DBS/POSB cardholders could enjoy up to 43,400 bonus miles with a new DBS Altitude Card, or up to 85,000 bonus miles with a new DBS Vantage Card. They would not be eligible for these offers if they applied for the DBS Takashimaya AMEX first. |
The first year’s annual fee is waived, so it really is free money if you meet the criteria.
Qualifying spend period
You will need to make the qualifying spend of S$250 within one month from the date of approval.
For example, if your card is approved on 15 May 2024, the qualifying spend period is 15 May 2024 to 14 June 2024.
When will cashback be credited?
The S$150 cashback will be credited within 90 days from the end of the qualifying spend period. This cashback need not be spent at Takashimaya; you can use it anywhere that AMEX cards are accepted.
Given this timeline, you’ll still need to pay your first month’s bill through other means as it’s not an immediate offset.
In my previous experience (from 2021), the S$200 cashback was credited to my account on 25 October, 34 days after I made the minimum qualifying spend.
If you don’t see the cashback on your DBS Takashimaya AMEX account, be sure to check your other DBS cards because reports say it could be posted elsewhere.
You must maintain your banking relationship with DBS for at least six months from 31 August 2024, or the welcome gift will be clawed back.
Terms and conditions
The full T&Cs for this offer can be found here.
Conclusion
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| Apply |
The DBS Takashimaya AMEX Card has extended its S$150 cashback offer till 31 August 2024, valid for new cardholders who make a minimum spend of S$250 at Takashimaya.
This works out to a 60% rebate on your shopping, and is available to both new and existing DBS/POSB cardholders- though the former should take advantage of a different welcome offer first, before coming back to sign up for this.
yay time to buy new work shoes
Hi Aaron, do you know if this is applicable to those who took advantage of a similar promotion in the past? I have cancelled my Takashimaya card more than 12 months ago, and am wondering if I can still get the $150 cashback if I reapply. Thanks!
Yes
nothing in the T&Cs precluding that.
Is buying Taka voucher eligible spending?
I am wondering about this too.
I am wondering if Taka voucher is eligible spending too. Have either of you tried and can share?
Yes
Hi, you managed to buy the voucher and it was recognize as part of $250 ?
Hi, u manage to buy the vouchers and recognised as part of the $250 required spending? Did u get the cash back? Thanks!
HI is annual fee waived?
first year free.
Do I need to spend $250 in one transaction?
Hi!
Does spending at b2 stalls (e.g. TWG, cold storage, yakun, tori Q etc) contributes to the required min spending?
Thanks!
Yes – the staff confirmed just as long as the CC receipt shows Takashimaya at the top
Hi just wanna clarify, is the $150 cashback a credit to be spent again using the same Amex card, or isit a cash credit reimbursed into your bank account?
Is the promotion “stackable” with the 388 cashback sign up bonus on DBS yuu card?
There is a statement which seems to prohibit the suggestion for new customers: 4. Eligible Cardmembers will not be eligible for any other DBS/POSB Card sign-up promotions or in combination with any other promotions. Anyone knows if this clause existed in the old terms?
I think it is better not to overlap the 2 promo periods. i.e. wait for the 2 months to finish and then apply for the DBS amex.
This acquisition promo has now been extended till 30 June 2024
Does it apply for purchases at Nespresso boutique store in Taka?
Hi Aaron, are you aware of how much time we must hold the card until we can cancel it? Not stated in T&C.
Nevermind read again and says “within 6 months of the expiry of the Promotion Period”, which is 6 months from 30th June.
Is this a single $250 transaction or it can be multiple transactions?
i got it from multiple transactions
In time for moon cakes!
just nice Taka online has a 10% discount site wide till 7 july.
use code LUCKY20 for additional $20 off.
Does this mean we can only now cancel the card 6 months after Aug 2024??
Hi, if I’m in the midst of waiting for my new DBS cardholder welcome reward, when I apply this, I will be considered as an existing customer, and I can reap both the pending reward and this Takashimaya reward?