The DBS Woman’s World Mastercard (WWMC) has announced a significant reduction in its monthly spend cap for earning 4 miles per dollar (mpd) on online transactions, effective from August 1st, 2025. The cap will be reduced from S$1,500 to S$1,000 per calendar month, representing a 33% cut. This change marks the second significant reduction in the card’s benefits in just over a year, with the original S$2,000 monthly cap having been reduced to S$1,500 in March 2024.
The reduction in the monthly cap will limit the card’s value proposition for regular online spenders. Cardholders who currently maximize the S$1,500 cap will see their high-rate earning potential cut by a third. The new cap of S$1,000 will result in a maximum of 4,000 miles per month (48,000 miles annually) at the premium rate, before reverting to the standard 0.4 mpd earning rate for additional spending.
This change is particularly significant given the increasing number of daily transactions that take place online, such as ride-sharing, shopping, food delivery, and travel bookings. The DBS WWMC card’s benefit of not excluding travel-related spending from its bonus earning category is also less meaningful with the reduced monthly cap.
The devaluation of the DBS WWMC card is part of a broader trend in the Singapore credit card market, where banks have been reducing benefits and caps on premium earning rates. The card’s competitive advantage has been significantly eroded, and it now has a similar monthly bonus cap to competitors like the Citi Rewards Card, HSBC Revolution, and UOB Lady’s Card.
Cardholders may want to consider alternative cards that offer better value for online spending, such as the Citi Rewards, HSBC Revolution, or UOB Preferred Platinum Visa. For larger transactions or travel expenses, higher-cap alternatives like the UOB Lady’s Solitaire or UOB Visa Signature may be more suitable.
The DBS WWMC card’s one-year points expiry period and limited transfer partner list are also significant drawbacks. As the Singapore miles-earning credit card market continues to see benefits eroded, cardholders must remain adaptable and be prepared to pivot their strategies to maximize their rewards. The card’s reduced cap will take effect on August 1st, 2025, giving cardholders a few months to maximize the current S$1,500 monthly cap and reassess their spend strategies going forward.