As the economy grapples with the plunge in consumer spending, businesses have been hit hard. Some companies have shuttered, while others have retrenched their staff, cut pay or made it compulsory to take no-pay leave.

Despite the pandemic, DBS has committed to hiring more than 2,000 people in Singapore this year—some positive news amidst the uncertainty in job security due to Covid-19. Here’s a look at the credit cards they have to offer.

• DBS Promotion: Enjoy 100 per cent cashback on dining and groceries (up to $268) when you apply and spend on one of these participating DBS/POSB credit cards.
• Simply enter promo code FLASHCNY in your application to qualify. Promotion is valid till 9 February 2021.
• You’ll have to be a new DBS/POSB credit cardholder and make your cashback-eligible spend within 30 days of card approval to be eligible.
• Terms and conditions apply.

If you’re not a new DBS/POSB credit cardmember, consider these promotions instead.

Why use a DBS/POSB credit card? 

Regardless of which DBS/POSB credit card to choose, there are perks you can enjoy as a DBS/POSB credit card holder. 

• Enjoy promotions and deals on DBS PayLah! app: More than just a digital wallet, check out special promotions and deals available on the DBS PayLah! app. 
• Earn higher interest rates on your DBS Multiplier account: If you have a DBS Multiplier account, or if you have plans to open one, you can earn up to 3 per cent p.a. on your savings. The interest you earn would depend on the number categories you transact in.
• Rewards that range from movie tickets to cash vouchers: If you earn DBS Points instead of cashback, you can exchange DBS Points for a variety of rewards. 
• Keep track of your expenses by category: With the DBS NAV Planner, you get a breakdown of your finances, including your emergency savings, investments and how much you are spending each month on your credit card based on categories such as dining, transportation, shopping etc.

Miles credit cards

When choosing a miles credit card for DBS, the biggest differentiating factor is how you intend to spend on the credit card. Will you be spending more on online purchases, or do you have plans to spend it on travel in the future? 

Here’s a look at three miles credit cards DBS has to offer.  

If you can’t decide between the cards, you can always apply for more than one credit card.

Whip out the DBS Woman’s World Card when making an online purchase and use the DBS Altitude for all other spend.  

If you have trouble meeting the minimum annual income required for DBS Woman’s World Card, you can consider other cards such as the Citi Rewards card or the OCBC Titanium that both give 4 mpd for online purchases as well. 

Cashback credit cards

In an uncertain time brought about by Covid-19, travel as we know it might change in the future. Having a cashback card in your wallet could be preferable.

With a cashback card, you get a percentage of cash rebates into your credit card when you spend. These cash rebates can be used to offset your next purchase. 

Here are the three cashback credit cards DBS/POSB has that are both offering higher cashback rates for online spend. 

Working from home has caused many a lifestyle change, chief among them being the switch from physical shopping to online. Both cards offer high cashback rates for your online spending.

To reduce the spread of Covid-19, contactless payments have also been strongly encouraged. 

With DBS Live Fresh, you earn an additional 5 per cent cashback on Visa contactless spend. SAFRA members can choose to add the SAFRA DBS card to your wallet to enjoy 3 per cent cashback.

If you own a car, the POSB Everyday card can help you to save up to 20.1 per cent of your petrol spend when you pump at SPC.

You can also use it to pay for your utility bills and get 1 per cent rebate.