If you’re a DBS/POSB customer in Singapore, you might be interested in the DBS Visa Debit Card. This card offers 5% cashback on eligible transactions, making it a popular choice for those looking to maximise their savings. In this article, we’ll explore how to make the most of your 5% cashback and discuss the eligible transactions that qualify for the promotion.
To start, let’s take a closer look at how to maximise your 5% cashback. To qualify for this promotion, you’ll need to spend a minimum of $500 on eligible transactions each month. You’ll also need to keep your cash withdrawals to $400 or less in the same month. If you meet these requirements, you’ll earn 5% cashback on your eligible transactions, up to a maximum of $50 per month.
Now, let’s dive into the eligible transactions for cashback. With the DBS Visa Debit Card, you can earn 5% cashback on a variety of transactions, including online food delivery, local transport, and foreign currency spending. You can also earn 2% cashback on all other foreign currency spending. Keep in mind that there are some exclusions, such as bill payments, top-ups, and online gambling transactions, so be sure to check the terms and conditions to ensure your transactions qualify.
Key Takeaways
- The DBS Visa Debit Card offers 5% cashback on eligible transactions for DBS/POSB customers in Singapore.
- To maximise your cashback, spend a minimum of $500 on eligible transactions each month and keep your cash withdrawals to $400 or less in the same month.
- Eligible transactions include online food delivery, local transport, and foreign currency spending, with some exclusions such as bill payments and online gambling transactions.
How to Maximise Your 5% Cashback
If you’re a DBS Visa Debit cardholder, you’re in luck! You can enjoy up to 5% cashback on your spending. Here’s how you can maximise your cashback rewards:
Understanding the Terms and Conditions
Before you start spending, it’s important to understand the terms and conditions of the cashback promotion. To be eligible for the 5% cashback, you must spend a minimum of $400 on Visa/Mastercard spend across any of your qualifying cards. You must also keep withdrawals to $400 and below across all DBS/POSB cards, including qualifying cards, at local DBS/POSB ATMs and branches in the same month.
It’s also worth noting that the cashback is subject to a cap of $20 per customer per month, regardless of the number of qualifying cards held by the customer. If you have more than one qualifying card, the cashback will be credited to the qualifying card with the highest Visa spend.
Leveraging the DBS Multiplier
One way to maximise your cashback rewards is to leverage the DBS Multiplier. The DBS Multiplier is a savings account that rewards you with higher interest rates when you credit your salary, transact in foreign currencies, invest or insure with DBS/POSB.
By using your DBS Visa Debit card for your foreign currency spend, you can earn up to 10% cashback on your spending as a new cardmember. This is in addition to the cashback you’ll earn from the 5% promotion. Plus, you’ll also earn higher interest rates on your savings in the DBS Multiplier account.
So, if you’re looking to maximise your cashback rewards, consider applying for a DBS Visa Debit card and leveraging the DBS Multiplier. With the right spending habits and savings strategy, you can enjoy significant rewards from your everyday spending.
Eligible Transactions for Cashback
If you are a DBS Visa Debit Cardholder, you can enjoy up to 5% cashback on eligible transactions. To qualify for cashback, you must have banking transactions in at least three out of five transaction categories. Here are the eligible transaction categories:
Local Transport Benefits
You can enjoy 3% cashback on local transport expenses such as ride-hailing, taxis, and transit with SimplyGo. With a minimum spend of $500 on your Visa Debit Card, you can earn up to $15 cashback per month.
Online Food Delivery Perks
With a minimum spend of $500 on your Visa Debit Card, you can earn up to 4% cashback on online food delivery services. This means you can enjoy savings while ordering food from your favorite restaurants.
Insurance Payments
If you pay for insurance with your DBS Visa Debit Card, you can earn up to 5% cashback. Only purchases made after enrolling into the Cashback Bonus programme will be recognized as eligible transactions.
Overall, DBS Visa Debit Cardholders can enjoy significant savings on their eligible transactions. With a minimum spend of $500 on your Visa Debit Card, you can earn up to 5% cashbac