In a push for a cash-free society, DBS and POSB have just released a new reward when you limit your cash withdrawals.
Previously, the banks offer a 5% cashback on contactless payments when you limit cash withdrawals to $400 or less per month. That is still available but starting today, both banks are offering a bigger 10% cashback when you don’t withdraw cash at all within the month!
The promotion will be available from 1 March to 30 June 2018, so tap away your expenses while you can within these few months.
Perfect for your grocery, shopping and dining transactions but do note there is a minimum monthly spending of $400 required and the cashback is not valid for contactless transactions above $200.
There is also a cashback cap of $50 per month.
You can use all the following DBS/POSB products and services to earn your cashback:
- PAssion POSB Debit Card
- DBS Visa Debit Card
- DBS PayLah!
- POSB/DBS digibank, iWealth Scan & Pay transactions
- POSB Smart Buddy
- HomeTeam-NS PAssion POSB Debit Card
- DBS Safra Debit Card
- DBS NUSSU Debit Card
- DBS SUTD Visa Debit Card
- DBS FasTrack (Payments made with Debit Card and DBS PayLah! only)
- DBS Treasures Debit Card
- DBS Treasures Private Client Debit Card
- DBS Private Bank Debit Card