DCS Ultimate Platinum Card Sign Up Promotion:
- Receive one (1) CATERPILLAR Industrial Plate Trunk worth S$320 when you apply for any 2 participating DCS Credit Cards and make a min. cumulative spend of S$350 per month for 2 consecutive months from card approval date
Valid for new and existing credit cardholders
Promo valid until 30 April 2025
Read Terms and Conditions here
Take note that first two consecutive months is calculated differently by DCS (See below). More accurately, it should be first and third month.
You can consider any of these eligible cards:
- DCS Ultimate Platinum Mastercard – 2% cashback on almost everything, no min spend required
- DCS Ultimate Platinum UnionPay Card – 2% cashback on almost everything, no min spend required
- DCS CASHBACK Credit Card – 5% cashback, S$400 min monthly spend
- DCS Sheng Siong Credit Card – 5% cashback, no min spend required
- DCS DON DON DONKI Credit Card – 5% cashback, no min spend required
Watch TikTok Video on DCS Ultimate Platinum Card
My Personal Strategy:
I applied for the DCS Ultimate Platinum Mastercard and DCS Sheng Siong Credit Card. DCS Sheng Siong gives a 5% cashback with no min spend required and a free airport lounge pass every year. I’ll probably pass to my grocery shopping family member to use it when shopping at Sheng Siong. To achieve the monthly aggregate amount of S$450 for the first two consecutive months, i would use DCS Sheng Siong card to pay the Town Council Bill or any bill payments on AXS to enjoy 0.3% rebate (Valid till 31 December 2024). Rebate is capped at maximum bill payment of S$50 per transaction. Rebates do expire every 30 days which is KINDA annoying – I probably will not be using the card after I get my gift.
Here are the other cards you can use for AXS payment rebate:
Then, after that, use the DCS Sheng Siong Card for the groceries at Sheng Siong if needed.
DCS Ultimate Platinum Card Overview:
- A combination of cashback rewards, security features, and travel benefits make the DCS Ultimate Platinum Mastercard appealing to people who value security and convenience in a credit card. It’s a pretty straightforward credit card for when you do not want to spend time thinking about where to spend your credit card.
Eligibility & Fees:
- Minimum Age: 21 to 65 years old
- Minimum Annual Income: S$30,000 or S$15,000— age 55 & above (locals/PRs); S$60,000 (foreigners)
- Annual Fee: S$196.20 (inclusive of GST), first year waived
Key Benefits:
- Earn 2% cashback with no minimum spend required
- Maximum monthly spend of S$10,000 per calendar month
- S$200 cashback cap per calendar month
- Choose a numberless card for added security, reducing identity theft risk, with card details accessible through the DCS Cards App.
How to Best Optimise it:
Best For a Direct 2% Cashback For Almost Everything
- If you are someone who just wants one card for everything, then this card is optimal for such usage.
Take advantage of the Complimentary Travel Insurance
- This card comes with up to S$1,000,000 complimentary travel insurance
Make use of Mastercard Priceless Specials
- Enjoy one complimentary main course at partner restaurants in Singapore and major Asia-Pacific cities with One Dines Free.
- At participating hotels, you can receive one night free when you use your Mastercard
What to Avoid:
- Annual fees;
- Service charges and/or late payment charges;
- All disputed charges unresolved as at DCS’ processing date of the monthly SoA during the promotion period;
- All debit and credit journal entries;
- Casino/access charges and/or cheque encashing charges;
- Stolen/lost/fraud Card charges;
- AXS bill payments;
- Road Tax payment;
- All transactions at LTA;
- All transactions at Singapore Post;
- 0% Interest-free Instalment Payment Plan (also known as BNPL, or Buy-Now- Pay-Later);
- ReadyCA$H;
- DCA$H;
- Balance transfer;
- Transactions made with Esso Fleet Card (EFC);
- Cash advance transactions;
- Any transaction with transaction description “AMAZE*”
- Any transaction made with the following Merchant Category Codes (MCC):
MCC | Description |
4784 | Tolls and Bridge Fees |
4829 | Money Transfer |
4900 | Utilities – Electric, Gas, Water and Sanitary |
5199 | Nondurable Goods (Not Elsewhere Classified) |
5960 | Direct Marketing – Insurance Services |
6010 | Financial Institutions – Manual Cash Disbursements |
6011 | Financial Institutions – Automated Cash Disbursements |
6012 | Financial Institutions – Merchandise, Services, and Debt Repayment |
6050 | Quasi Cash – Member Financial Institution |
6051 | Non-Financial Institutions –Foreign Currency, Non-Fiat Currency (for example: Cryptocurrency), Money Orders (Not Money Transfer), Account Funding (not Stored Value Load), Travelers Cheques, and Debt Repayment |
6211 | Security Brokers/Dealers |
6300 | Insurance Sales, Underwriting, and Premiums |
6513 | Real Estate Agents and Managers |
6540 | Non-Financial Institutions – Stored Value Card Purchase/Load |
7349 | Cleaning, Maintenance, and Janitorial Services |
7523 | Parking Lots, Parking Meters and Garages |
7800 | Government-Owned Lotteries (US Region only) |
7801 | Government Licensed On-Line Casinos (On-Line Gambling) (US Region only) |
7802 | Government-Licensed Horse/Dog Racing (US Region only) |
7995 | Betting, including Lottery Tickets, Casino Gaming Chips, Off-Track Betting, Wagers at Race Tracks and games of chance to win prizes of monetary value |
8062 | Hospitals |
8211 | Elementary and Secondary Schools |
8220 | Colleges, Universities, Professional Schools, and Junior Colleges |
8241 | Correspondence Schools |
8244 | Business and Secretarial Schools |
8249 | Vocational and Trade Schools |
8299 | Schools and Educational Services (Not Elsewhere Classified) |
8398 | Charitable Social Service Organizations |
8651 | Political Organizations |
8661 | Religious Organizations |
9211 | Court Costs, Including Alimony and Child Support |
9222 | Fines |
9223 | Bail and Bond Payments |
9311 | Tax Payments |
9399 | Government Services (Not Elsewhere Classified) |
9402 | Postal Services – Government Only |
9405 | U.S. Federal Government Agencies or Departments |
9406 | Government-Owned Lotteries (Non-U.S. region) |
Is it Worth it:
Advantages:
- Highest cashback rate with no minimum spend required
Disadvantages:
- No bonus cashback categories
Frequently Asked Questions:
- How long do I need to hold the card for before I can cancel to prevent the gift from being clawed back by the bank: In the event that an eligible card account is closed or terminated for any reason within a period of twelve (12) months following the account’s opening date, DCS retains the right to demand the full value of the gift from the applicant
- Can I use this card for utilities? No. Utilities are excluded in the MCCs.
- How do I apply for annual fee waiver or late payment charge? Check out this link
Final Thoughts:
- Overall, the DCS Ultimate Platinum Card can be a solid option for those seeking a no-frills cashback card with no minimum spend.
Credit cards change their T&Cs every so often and it is difficult to stay updated. That’s why I created a Telegram Broadcast where you can receive timely bite-sized updates to get the most out of your spending.
DCS Ultimate Platinum Card Sign Up Promotion:
- Receive one (1) CATERPILLAR Industrial Plate Trunk worth S$320 when you apply for any 2 participating DCS Credit Cards and make a min. cumulative spend of S$350 per month for 2 consecutive months from card approval date
Valid for new and existing credit cardholders
Promo valid until 30 April 2025
Read Terms and Conditions here
Take note that first two consecutive months is calculated differently by DCS (See below). More accurately, it should be first and third month.
We believe in always paying our credit card bills on time and in full. It is only by doing that, can we fully maximise our credit card benefits.
