DCS Ultimate Platinum Card Review | What You Need to Know

• Receive one (1) CATERPILLAR luggagebag worth S$220 (“the Luggage Bag”), spend at least a monthly aggregate amount of S$450 on eligible transactions for two consecutive months.
• Exclusive to new-to-bank customers
• Promo valid until 31 December 2024
• 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:

• 2% cashback, no minimum spend required
• Up to a monthly spend of S$10,000 with S$200 cashback cap per month
• Choice of numberless card for card security
  • It lowers the possibility of identity theft. To view the details of your credit card, including the number, expiration date, and CVV code, you must download the DCS Cards App.
• Complimentary travel insurance coverage of up to S$1 million
• Benefits of Mastercard PricelessTM Specials:
  • 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 does not Earn Cashback:

It follows the standard exclusions list

(a) Annual fees;

(b) Service charges and/or late payment charges;

(c) All disputed charges unresolved as at DCS’ processing date of the monthly SoA during the promotion period;

(d) All debit and credit journal entries;

(e) Casino/access charges and/or cheque encashing charges;

(f) Stolen/lost/fraud Card charges;

(g) AXS bill payments;

(h) Road Tax payment;

(i) All transactions at LTA;

(j) All transactions at Singapore Post;

(k) 0% Interest-free Instalment Payment Plan (also known as BNPL, or Buy-Now- Pay-Later);

(l) ReadyCA$H;

(m) DCA$H;

(n) Balance transfer;

(o) Transactions made with Esso Fleet Card (EFC);

(p) Cash advance transactions;

(q) Any transaction with transaction description “AMAZE*”

(r) Any transaction made with the following Merchant Category Codes (MCC):

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, although the benefits and privileges included are pretty average.

• Receive one (1) CATERPILLAR luggagebag worth S$220 (“the Luggage Bag”), spend at least a monthly aggregate amount of S$450 on eligible transactions for two consecutive months.
• Exclusive to new-to-bank customers
• Promo valid until 31 December 2024
• 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.