DBS Credit and Debit Cards Promotion

DBS is having an attractive promotion for its credit and debit cards.

http://www.dbs.com.sg/personal/promotion/cards-signup?pid=sg-dbs-pweb-cardscc-cards-blackcard-slideupbanner

This is got to be the most attractive cashback promotion for applying for a new credit card. If you are aware of credit card promotions from banks, most of them would offer cashback of $80 to $120 for new sign-ups. But for $160 is really something which I did not hear of for a very long time. The criteria is of course you must be a new DBS/POSB credit card member, and you must spend a minimum of $500 within the first month of card approval. It must also be applied through online without any sales assistance so as to get the full $160 cashback for new customers.

As I already have an existing credit card with the bank, I can only enjoy the promotion of up to $100 cashback. This would mean an effective 20% off my purchase in the first month when I spend $500 to be eligible for the cashback.

If you are not into credit cards, not to worry, as DBS has another promotion relating to its debit card.

We seldom see banks have any promotion on their debit cards, but here it is.

http://www.dbs.com.sg/personal/promotion/visa-debit-20-cashback?pid=sg-dbs-pweb-cardsdebit-cards-double-your-rewards-slideupbanner

Well, of course there are terms and conditions, which is to charge $100 to the card within 1 month of card approval date. This gives an effective 20% off your purchase as well.

I would say that the promotions are aiming to give customers free money get customers to spend with their credit and debit cards, so as to boost their earnings. At the same time, customers would get to enjoy cashback as well. It is a win-win situation.

I have already applied for the cards, and hopefully will get them by next week. Looking forward to the next exciting promotion, and I will share them with you here once I find it.


P.S. This is not a sponsored post. I'm sharing this post because I feel that it is really a good deal and good things must share. If DBS wants to offer me something more because of this post, feel free to contact me :)