DBS CNY Spend Promo: Get Bonus S$88 Plus Usual Rewards
Until 29th February 2024, spend with eligible DBS credit card on qualifying shopping and dining transactions and reach your target spend amount to get S$88 bonus cashback. This is on top of your usual credit card rewards so it is an attractive promo provided you are able to meet your spend goal.
Promo details
You will first need to be one of the first 30,000 to register for this promo within the PayLah app. Also, spending before you register is not counted.
Each DBS customer is given a personalised spend goal to hit from the time of registration to 29th February 2024. According to DBS, the amount is based on one’s average spending on DBS credit cards between June to November 2023.
So far, based on various messages in the Telegram community, there should be 3 spending tiers:
| Spend Tier | Earn Rate* |
| S$1,500 | 5.87% |
| S$2,500 | 3.52% |
| S$5,000 | 1.76% |
Because the earn rate is on top of your card rewards, this is a very nice bonus particularly at the S$1,500 and S$2,500 tiers. You do have to take note that the qualifying expenses are for shopping and dining.
DBS offers the following as examples for shopping:
| Category Description | Examples |
| Apparel | Adidas, Bata, Charles & Keith, Cotton On, G2000, H&M, Mango, Mothercare, Nike, Uniqlo, Zara |
| Department Stores | BHG, Isetan, Marks & Spencer, OG, Takashimaya, Tangs, Shopee, Lazada |
| Electronic and Computer | Apple, Best Denki, Challenger, Dyson, Gadget Mix, Gain City, Harvey Norman, OSIM, Sony |
| Home/Office Furnishing & Appliances | Bed Bath N’ Table, Castlery, Courts, Crate & Barrel, IKEA, King Living, Sia Huat, Star Furniture |
| Specialty Retail | Bath & Body Works, Coach, Furla, Louis Vuitton, Michael Kors, Rolex, Swarovski |
| Personal Services | Estee Lauder Comestic, Jean Yip, L’Occitane, Sephora, The Body Shop, Venus Beauty |
| Watches & Jewellery | Cartier, Cortina Watch, Goldheart, Patek Philippe, Poh Heng Jewellery, SK Jewellery, Taka Jewellery, The Hour Glass, Tiffany & Co |
For dining:
| Category Description | Examples |
| Caterers | HappyMamaPapa Catering, Stamford Catering, Tian Wei Signature |
| Eating Places and Restaurants | Chope, Deliveroo, foodpanda |
| Drinking Places (Alcoholic Beverages) – Bars, Taverns, Nightclubs, Cocktail Lounges, and Discotheques | Clink Clink, Zouk |
| Fast Food Restaurants | Domino’s Pizza, KFC, McDelivery |
| Meat Markets and Retailers, Refrigerated Storage and Bulk Supply | GoodCrop, Song Fish, The Butcher |
| Sweets, Nuts, and Confectionery Shops | Bacha Coffee, Laderach |
| Dairy Products Shops | DairyFolks |
| Bakeries | Baker’s Brew, Edith Patisserie, |
| Miscellaneous Food Shops-Convenience Stores and Specialty Markets | Nespresso |
| Package Shops-Beer , Wine, and Spirits | Crystal Wines, Paneco |
| Restaurants in Hotel | SKAI, Swissotel The Stamford, La Brasserie, The Fullerton Bay Hotel |
DBS sign-up promos
If you don’t have a DBS or POSB card yet, definitely look at one of the ongoing promos to get your first credit card with the bank. There are a couple of great deals going on now.
Personally, I would go for DBS LiveFresh for the S$388 sign-up offer first, then proceed with the DBS Altitude which also offers existing cardholders a sign-up promo.
What are you spending on for this promo?
Personally, a large purchase my mum had to make last month helped me with the previous spend promo. Also, using DBS yuu with foodpanda was extra rewarding. Not only did foodpanda transactions earn the usual 17.5% rebates from DBS yuu, it also counts to such spend promos for extra cashback.
What’s your spend target and how are you planning to achieve it? Let us know in the Telegram!
Seth Wee was a licensed financial adviser representative from 2009 to 2025, with over 16 years of experience in Singapore’s financial advisory industry.
He started Sethisfy.com in 2019 to share practical insights on credit cards, banking products, and miles strategies, helping readers identify financial products that deliver the best value. Seth has been featured in CNA, Channel 8, Today, and a host of other publications. In 2025, he was also part of a panel at CPF’s Ready For Life festival.
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