Ending Soon: Compare Between S$388 Cashback or 85,000 Miles With DBS Cards; Existing Users Get Rewards Too!

DBS has been running very generous sign-up gifts since early 2024 – get as much as S$388 cashback or 85,000 miles when you sign up for eligible credit cards! Already have a DBS or POSB card? There are also promos for you!

While most campaigns often last for weeks or so, the timeframe for the current bunch of DBS promos stretched for about 4 to 5 months. There was plenty of time to procrastinate back then, but there’s only less than 2 week to 15th July 2024 which is the last date to enjoy the current offers.

Promo Details

Here are the list of promos that you can apply for:

CardNew CardholdersExisting CardholdersEnd Date
DBS yuuS$388 cashback
S$800 min spend
S$60 cashback
(Amex version; S$300 min spend)
15th July 2024
DBS Vantage85,000 miles
S$4,000 min spend
40,000 miles
S$4,000 min spend
15th July 2024
DBS AltitudeUp to
43,400 bonus miles
+ 10,000 miles
S$3,000 min spend
N/A15th July 2024
DBS TakashimayaS$150 cashback
S$250 min spend
S$150 cashback
S$250 min spend
31st August 2024
POSB Everyday CardS$388 cashback
S$800 min spend
N/A15th July 2024
DBS LiveFreshS$388 cashback
S$800 min spend
N/A15th July 2024

There are quite a few choices, so below are my picks if I were to choose.

Comparing the New Cardholder gifts

New cardholders are able to pick between the three promos:

  • S$388 cashback offer with DBS yuu (and the other cashback cards)
  • 43,400 miles with DBS Altitude
  • 85,000 miles with DBS Vantage (annual income requirement of S$120,000)

For cashback people: easy choice

There really isn’t much of a dilemma here, so just pick the DBS yuu offer.

DBS Yuu

Use promo code 388CASH
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New DBS/POSB cardholders

Get S$388 cashback¹ when you:

  • Apply for DBS yuu (either American Express or Visa) with promo code 388CASH
  • Make a min spend of S$800 within 60 days from card approval

Existing DBS/POSB cardholders

Get S$60 cashback² when you:

  • Apply for for DBS yuu American Express (no promo code required)
  • Make a min spend of S$300 within 30 days from card approval

Last date to sign up: 15th July 2024

Terms and conditions (save a copy for future reference):

  1. New cardholder promo
  2. Existing cardholder

Get staggering 4.5% with no minimum spend, or 17.5% with S$600 eligible spend with a month! Staggering earn rate with few conditions required. Watch the review

Seth
Seth

New HSBC Live+ offers 8% cashback and a great sign-up promo!

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For Team Value people: depends on minimum spend

If we were to compare between the S$388 promo with DBS yuu and 43,400 miles offer with DBS Altitude, DBS Altitude gives an overall bigger value. 43,400 at a relatively reasonable 1 to 1.25 cents per mile valuation is S$434 to $542.50 in value. The minimum spend is also much larger at S$3,000 within 60 days instead of DBS yuu’s S$800.

It’s pretty much a choice between S$388 reward for S$800 of minimum spend or S$435 to S$542.50 reward for S$3,000 of minimum spend. While some may say that S$3,000 is 275% more than S$800 but the sign-up reward is only about 12-40% better, I personally would pick the larger reward. So both options here are great picks depending on which minimum spend you can more comfortably manage.

If you have decided on DBS Altitude, you can go on to further compare the DBS Altitude deal with the DBS Vantage one assuming you are able to meet the Vantage’s S$120,000 annual income requirement.

DBS Altitude
(Amex or Visa)

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For new DBS/POSB cardholders

Annual Fee WaiverAnnual Fee Payment
American ExpressALTA50
43,400 bonus miles ⭐️
ALTA60
43,400 bonus miles + 10,000 miles
VisaALTVW43
36,400 bonus miles
ALTV53
36,400 bonus miles + 10,000 miles
⭐️ is my recommended option

Spend S$3,000 on eligible transactions within 60 days from approval.

Until 15th July 2024

⚠️ Please remember to use the promo codes.

Terms and Conditions

  1. Terms and conditions (save a copy for future reference)

Get 1.3 mpd for local spend. Free Priority Pass membership which gives 2 complimentary lounge vists a year (exclusive to Visa version only).

For miles people: pick DBS Vantage (if income allows)

If your annual income is less than S$120,000, DBS Altitude is the only choice, and still a great choice given how the promo is fantastic without having to pay an annual fee.

For those who can qualify for DBS Vantage, is the DBS Vantage promo a better pick? While I feel it is better to opt out of the annual fee for the DBS Altitude deal, the Vantage’s S$599.50 annual fee is compulsory. The aded S$599.50 fee gets you 41,600 more miles (Vantage’s 85,000 miles minus Altitude’s 43,400 miles), making each mile 1.44 cents.

It’s not a terrible deal, and if this were the only thing I got for paying the S$599.50 I might just be quite okay with it. But you get significantly more than just the miles because aside from 10 Priority Pass lounge visits, you also get free Accor Plus Explorer membership which comes with a free hotel night. Even at a watered down valuation, say S$200 for them, your cost per mile now goes down dramatically to about 0.96 cents ([S$599.50 – S$200] ÷ 41,600 miles).

Don’t forget also that the DBS Vantage has a higher earn rate of 1.5 miles per dollar compared to Altitude’s 1.3, so you get more base miles on your spend. Annual fee aside, the DBS Vantage does have a higher minimum spend of S$4,000, so make sure you are able to hit that. If there’s no problem meeting this minimum spend and income requirement, I’d pick DBS Vantage.

DBS Vantage

No promo code required
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New and existing cardholders

New and existing cardmembers will be credited up to 85,000 miles and 40,000 miles respectively in the form of DBS Points, within 90 to 120 days from the Card approval date. 

  • Apply for a DBS Vantage Card
  • Make payment for non-waivable annual fee of S$599.50 (inclusive of GST); and
  • Charge a minimum spend of S$4,000 within 30 days from card approval date

Until 15th July 2024

See terms and conditions and save a copy for your future reference.

Get free Accor Plus Explorer membership with one free hotel night per year! Also get 10 free lounge visits a year via Priority Pass. S$120,000 annual income requirement. Watch the review here

Great rewards even for Existing Cardholders

If you already have a DBS or POSB card, the bank still gives you attractive sign-up rewards. Most other banks have stopped offering sign-up gifts for existing cardholders, so it’s nice to see DBS takes care of its loyal customers.

DBS Takashimaya’s deal was supposed to end 30th June 2024, but it has been extended to 31st August 2024. It’s a fantastic deal that gives S$150 sign-up rewards which is as generous as it gets for sign-up gifts given to existing cardholders.

DBS Takashimaya (Amex)

🔥 👍🏼

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New or Existing DBS/POSB Cardholders

Must not have cancelled a DBS Takashimaya card in the past 12 months. Works even if you have other DBS/POSB credit cards!

  1. Apply online for DBS Takashimaya American Express® Card (no promo code required)
  2. Spend a minimum of S$250 within Takashimaya (Takashimaya Department Store, Takashimaya Online Store and participating specialty stores at Takashimaya Shopping Centre) within first month from Card approval date with your DBS Takashimaya American Express® Card to receive S$150 cashback

See terms and conditions

Until 31st August 2024

After being taken to DBS site, scroll down and look for the Apply Now button in red. Promo code can be left blank for DBS Takashimaya Card

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