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
- Effective 1 August 2026, the annual fee will be changed to a monthly fee of S$10.90, but this could be waived if you perform 8 transactions OR spend a minimum of S$800.
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.
- From 1 June 2025, this will no longer earn cashback on SimplyGo and EZ Link transactions
bus/mrt rides.But do note that BUS and MRT rides will still earn the rewards as long as it is charged directly to the card.- SimplyGo tap-as-you-go will also be eligible— top-ups are excluded. See “Past Buffs/Nerfs” below.
Take advantage of the Complimentary Travel Insurance
- This card comes with up to S$1,000,000 complimentary travel insurance
Make use of Mastercard Priceless Specials
- At participating hotels, you can receive one night free when you use your Mastercard
What to Avoid:
Exclusion List:
- Annual fees;
- Service charges and/or late payment charges;
- All disputed charges unresolved as at DCS’ processing date of the monthly SoA during the promotion period;
- All debit and credit journal entries;
- Casino/access charges and/or cheque encashing charges;
- Stolen/lost/fraud Card charges;
- AXS bill payments;
- Road Tax payment;
- All transactions at LTA;
- All transactions at Singapore Post;
- 0% Interest-free Instalment Payment Plan (also known as BNPL, or Buy-Now- Pay-Later);
- ReadyCA$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) |
Effective 1 June 2025:
- EZ-LINK*
- IPAYMY*
- SIMPLYGO*
- skrill.com*
- TRANSIT*
Past Buffs/Nerfs:
Effective 1 August 2026, the annual fee will be switched to monthly fee, read more about it in this article.
Effective 1 June 2025, these merchant descriptions will be excluded from earning the 2% cashback:
- EZ-LINK*
- IPAYMY*
- SIMPLYGO*
- skrill.com*
- TRANSIT*
But do note that BUS and MRT rides will still earn the rewards as long as it is charged directly to the card.
SimplyGo tap-as-you-go will also be eligible— top-ups are the ones that are excluded.
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.
💡 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.
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