Buffed: DBS Yuu Card is Now… Awesome? 18% Rebates Without Gimmicks!

DBS Yuu Card being buffed definitely wasn’t on my bingo card for 2023. Now imagine the card being so good now that one could almost forgive the insufferable song.

That is exactly what happened to the DBS Yuu Card from 1st April 2023 and it’s not an April’s Fools joke… as far as we can tell. Gurmit, if you’re hiding somewhere you can come out now.

5% base earn rate, no minimum spend, no cap

The DBS Yuu Card now has a 5% earn rate with no minimum spend required, nor maximum limit specified. You read that right – all you have to do is to spend at any participating Yuu merchant and you can get 10 Yuu points per dollar spent. Each Yuu point is equivalent to 0.5 cents, making it such an earn rate equivalent to 5% rebate.

What a world we live in! The Yuu card is actually yuu-sable now (thanks Adam for this brilliant/terrible pun, and for highlighting the changes to DBS Yuu).

Additional 13% rebate with S$600 minimum spend

In fact, the Yuu Card goes from usable to pretty insane if you meet a minimum spend of S$600 of eligible spend. With that, you can get additional 13% rebates on qualified spend at Yuu merchants. That’s a whopping 18% in rebates, and unlike gimmicky marketing figures, this seems to be the actual earn rate you’d get.

This means you can spend S$600 at a Yuu merchant, and get S$108 of rebates! It’s an earn rate that is very difficult to ignore. 4 miles per dollar? That’s pretty bad compared to 18% rebate.

Even if not all your spend is on Yuu merchants, having a good amount of spend getting a rebate of 18% means that your overall earn rate remains high. For instance, a S$400 spend on Yuu retailers with S$200 on other spend which gets only 0.5% rebate will still get you an incredible blended earn rate of 12.2%.

The maximum bonus rebate attainable is S$78 from the 13% bonus earn rate, which also means the sweet spot to spend each month is S$600. Even then, amounts beyond that figure still gets the decent 5% earn rate for Yuu merchants.

Sign-up promo

DBS Yuu card is also offering a great sign-up offer for new cardholders which you can see below.

A rarity for most banks these days, existing cardholders are also entitled to a decent sign-up gift. In fact, DBS has been offering pretty generous sign-up offers for existing cardholders and you can view them here.

Conclusion

Every time I need to get something from Cold Storage I’m a little annoyed. Neither UOB EVOL nor UOB Preferred Platinum gives their high earn rates on UOB$ merchants, and Cold Storage, along with Dairy Farm siblings like 7-11, Guardian etc, is part of this dreaded list. DBS Yuu card is now not only a decent card to use for such spend, but it is a great card I think would end up as one of my primary cards.

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