Sudden Deal Change: DBS Takashimaya Lowers Spend Requirement, But Also Decreases Existing Cardholders’ Reward
In March earlier this year, DBS was offering S$300 for new and existing DBS cardholders alike for spending S$600 in Takashimya Departmental Store. The deal was slated to end 30th June 2023, but I have just noticed that the terms have now changed and a new deal has replaced the prevailing promo ahead of the original end date.
New promo
There are two main changes to the promo:
- The spend requirement is now S$400 instead of S$600, which is good news
- Existing cardholders of other DBS/POSB credit cards now get only S$80 cashback instead of the previous S$300
DBS Takashimaya (Amex)
Up to 6% voucher rebates when you shop at Takashimaya Department Store
🎁 New Cardholders
Apply for both the DBS Takashimaya American Express® and DBS Altitude American Express® Cards together and receive a Dyson gift worth up to S$999!
Spend a minimum of S$300 per card within 30 days from Card approval date at Takashimaya* and choose 1:
| Welcome Gift | Promo Code |
|---|---|
| Dyson OnTrac™ Headphones (retailing for S$699) | TA3001 |
| Dyson Supersonic Nural™ Hair Dryer (Ceramic Pink / Rose Gold) (retailing for S$659) | TA3002 |
| Dyson WASHG1™ Wet Floor Cleaner (retailing for S$999) | TA3003 |
After being taken to DBS site, scroll down and look for the Apply Now button in red (near the bottom of the page).
🎁 Existing Cardholders
Apply for DBS Takashimaya American Express® by 31st January 2026 and spend a minimum of S$600 within 30 days from Card approval date at Takashimaya*:
- Get S$100 cashback
After being taken to DBS site, scroll down and look for the Apply Now button in red (near the bottom of the page). Promo code can be left blank for existing cardholders.
⚠️ Important Notes
For new cardholders, make sure you input the correct promo code.
*Qualifying spend includes transactions at:
- Takashimaya Department Store Singapore
- excluding Cold Storage, Food Village, and selected food merchants at B2 Food Hall
- excluding Alteration, Shoe Repair, Dry-cleaning, Delivery, and any other services
- Takashimaya Online Store Singapore
- Participating Specialty Stores in Takashimaya Shopping Centre Singapore
For reference only; refer to exact details in terms and conditions
While most terms and conditions are worded in a way that allows for the bank to change terms and conditions anytime they wish, it is still a little unfortunate the bank didn’t wait until 1st July 2023 to introduce a new promo.
Terms and conditions updated on 23rd May
The new terms and conditions document carries a label that it was updated on 23rd May 2023, more than a month before the previous promo was scheduled to end. If you applied on 23rd May 2023 and after, you can safely presume you are on the new set of terms and conditions.
As a new cardholder, a reduced spending requirement is nothing but good news for you.
If you sign up as an existing cardholder of other DBS/POSB credit cards, the rewards aren’t as good as before, although the lowered spending requirement should provide some respite.
If you recently applied for the card, it might also be worth clarifying with DBS’s customer service exactly which set of terms and conditions your card is under. You might not want to spend S$600 if your spend requirement is just S$400, or worse, spend only S$400 when you needed S$600 to qualify for the reward.
I’ll upload both sets of terms and conditions to the Telegram, and stay subscribed for more updates and deals.
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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