Fantastic DBS Card Deals: S$388 or 85,000 Miles For New Cardholders; S$150 or 40,000 Miles For Existing

DBS is currently offering very solid welcome offers for their credit cards: get an all-time high S$388 cashback reward for DBS yuu or 85,000 miles for DBS Vantage. Existing cardholder promos are rare these days, but the bank are not leaving out this segment of customers who can get as much as S$150 cashback and/or 40,000 miles.

DBS yuu: all-time high S$388 cashback welcome offer for new cardholders, S$60 for existing

S$388 is not only the all-time highest cashback reward we’ve seen for a DBS credit card promo, but it is also given on what is arguably the best cashback card we’ve had past or present. I’ve talked about DBS yuu a lot in the past year and rightfully so since it gives a staggeringly high rebate of 17.5% and it is pretty easy to use, making it an easy pick for Cashback Card of the Year 2023.

The S$800 minimum spend within 60 days should be easy enough to reach. I personally max the S$600 spend each month to get maximum S$105 of rebates each month. Dairy Farm vouchers which you can buy from Cold Storage or Giant are an extremely easy way to meet the spend and still get the generous 17.5% rebate rate.

There are cards that we get for the great sign-up rewards, and there are those we get because they’re good for our monthly spend. Then there’s DBS yuu which is truly the best of both worlds… just make sure to use the promo code:

DBS Vantage: 85,000 miles for new cardholders, 40,000 miles for existing

Talking about all-time high welcome offers, DBS Vantage is also offering the highest 85,000 miles for applicants who are new cardholders. There is a minimum S$120,000 annual income required, and S$4,000 of eligible spend needs to be clocked within 30 days. The first-year S$599.50 annual fee is also mandatory, though it is offset by the welcome miles, lounge visits and Accor Plus membership (which comes with one complimentary hotel night).

Those who want an “easier deal” can consider the DBS Altitude deal instead.

DBS Takashimaya: S$150 off S$250 shopping – for both new/existing cardholders!

Want a subsidised shopping spree? Get the DBS Takashimaya American Express card to get S$150 cashback on just S$250 shopping at Takashimaya. The online store has some stuff for you to choose from, but head down to their physical store which has a lot more options. Stay subscribed for some shopping ideas!

It’s a very easy and attractive deal that works even for existing DBS/POSB cardholders!

DBS Altitude: 43,400 bonus miles for new cardholders

If you don’t qualify for DBS Vantage’s offer or prefer a lowered spend requirement and no annual fee, DBS Altitude lets you enjoy 43,400 bonus miles with just S$3,000 spend. You can opt to pay the annual fee of S$196.20 for 10,000 more miles, but I wouldn’t really encourage it unless you are really in need of those miles.

Make sure you use the appropriate promo codes:

Can new cardholders stack 2 or more deals?

Theoretically, it should be possible to enjoy the S$388 welcome offer as a new cardholder by applying for DBS yuu, then applying for DBS Takashimaya as the second card for the S$150 promo. While this worked the last time I checked (a couple of years ago), I am trying to get confirmation to see whether this works for the current campaigns so stay subscribed for updates.

In any case, you should start applying for your first DBS card while waiting to see if this is possible.

What to spend on?

You need to meet the minimum spend to qualify for rewards. Do note that there are transactions which are excluded. Read the terms and conditions carefully when applying.

Generally, retail transactions like buying stuff or dining out are very safe. Things like bill payments, education expenses and CardUp or ipaymy become a lot iffier and depends on the bank your card is from.

Do check out this article on what you can spend on to meet the minimum spend:

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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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