In June 2022, DBS finally decided to join the $120K party with the DBS Vantage Card, its metal offering for the mass affluent segment. While this is an invite-only card, customers can check their eligibility on the DBS India website or reach out to the banks relationship managers for more details. #Esso fuel savings comprises 5% Esso station site discount and 5% Esso Smiles card discount. 200 per month. While the annual fee is strictly non-waivable for the first year, you will enjoy a waiver in the subsequent years if a minimum of S$60,000 worth of retail spend is made in the preceding Card Year^. The Vantage launched with a beefy 80,000 miles sign-up offer, plus 4 mpd on dining and petrol. Do note that the DBS Vantage, surprisingly, is not eligible for DBSs auto conversion programme (I initially thought it was an oversight, but DBSs comms team has told me thats how it should be). 200 spent & 5X EDGE Rewards on Travel EDGE spends, Complimentary memberships of Club Marriott, Forbes, Amazon Prime, Dineout Passport, MMTDOUBLEBLACK & Times Prime, 5% cashback on duty-free spends; 2% foreign currency markup fee, Unlimited international airport lounge visits; complimentary memberships & 40,000 reward points worth Rs. How strict? But it simplifies my life to have one card and it doesnt take into account the additional benefits offered by Insignia and DBS Private Treasures banking. Travel insurance: Some $120K cards offer very solid complimentary travel insurance policies. This will be considered for the period starting from the primary card set up date till the end of the calendar quarter/year for individual card and will be calculated in the subsequent quarters in the calendar year. He was 50% successful. invite-only DBS Vantage Card - your gateway to a world of luxury. per calendar year. If you fail to meet that, or if its the first year of membership, the earn rate is 1.0/2.0 mpd for local/FCY spending. Annual fee will be levied at the beginning of the membership year starting Year 2 onwards. Also Read: Should you opt for an increased credit card limit offer? Tap on your personal 24/7 Visa concierge with a curated range of services, amenities and exclusive privileges. 10 lakh in a year, 25,000 EDGE reward points on Rs. You got it. Book rides, order meals, manage your DBS/POSB Card rewards, take part in spend & win promotions for sure-win gifts, and more! DBS Vantage Card offers welcome benefits to its users in two forms: Cardholders will earn Vantage Points every time they use their DBS Vantage Card-. Subsequent years' can be waived if cardholders spend at least S$60,000 per membership year. DBS Vantage Credit Card is a super-premium invite-only card offering excellent benefits for frequent travellers, in the form of hotel memberships, lounge access, savings on duty-free shopping and more. For DBS Elite Customers, the annual fee is Rs. Spends are calculated basis the transaction date captured on credit card account. Please note that the 12,500 DBS Points (25,000 miles) will not be awarded if the Annual Fee is waived. Spends between this period will be considered while calculating the milestone spends. 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By anniversary year, we mean period of 12 months from the date of card set up and subsequent years, By calendar quarter, we mean 3-month period ending in Mar, June, Sep, Dec of every year. Switch flexibly between up to 2.2 miles per S$1 or 2.2% cashback, Earn up to 6 miles per S$1 on Expedia bookings. Vantage Points earned against purchases made on the credit card shall reflect in the cardmember's card account on settlement of the transaction to the cardmembers card account. Notice how the transaction is notrounded downto the nearest S$5; instead, its divided by 5 straight away. DBS Bank will not be held responsible if Merchant Establishment submits the transaction date as different from the actual date when the transaction was done. DBS Vantage Credit Card is a super-premium invite-only card offering excellent benefits for frequent travellers, in the form of hotel memberships, lounge access, savings on duty-free shopping and more. This includes all of these popular . Contact Us- DBS Vantage - helpline and email : Login using mobile number and card number. Check out our Ultimate Credit Card Guide that covers all things credit cards in Singapore from choosing between a cashback, miles, or rewards credit card to planning your credit card strategy. What do you think? Privileged access to elevated experiences? DBS Vantage Card cardholders enjoy 10 complimentary lounge visits per membership year, courtesy of Priority Pass. However, if it is less than that, you need to pay the annual fee of $588.50 but in return you will receive 12,500 DBS Points (equivalent to 25,000 miles). Click here to find out more and the next steps. Complimentary Digital Priority Pass membership with access to over 1,300 airport lounges worldwide:10 free lounge visitswithin each 12-month period of your membership. on making your first transaction within 30 days. To apply through your digibank mobile app: Launch digibank app, login, select More > Apply > Cards. Note that the 12,500 DBS Points (25,000 miles) will not be awarded if the Annual Fee is waived, Earn up to 15X DBS Points (or 6 miles per $1 spent) on participating airlines and hotels at Expedia (Until 31 Mar 2024), Earn 5.5X DBS Points for every $5 spend overseas (or 2.2 miles or 2.2% cashback for every $1 spend), Charge the full travel fare to your Card and enjoy up to $1 million travel accident insurance coverage for you and your family members, Complimentary Accor Plus Explorer Membership with a host of privileges, including 1 complimentary hotel night stay and up to 50% off dining bills at Fairmont, Sofitel, Swisstel and participating Accor hotel restaurants in Asia Pacific, Switch between Miles or Cashback which are awarded in the form of DBS Points (1 DBS Point = 2 miles or S$0.02 cashback) on a per transaction basis, Switch of reward is limited to once a calendar month, Complimentary Digital Priority Pass membership that allows 10 complimentary visits within each 12-month period of Membership, Enjoy 19% instant discount for Esso Supreme+ fuel or 18% instant discount for all other grades, Up to 21% savings at Esso for Esso Synergy Extra fuel (18% onsite + Smiles Points worth up to 1.8% for 250 litres and above a month or 1.3% for below 250 litres) + 1.5 miles or 1.5% cashback on nett spend (or 1.23 miles or 1.23% cashback on intial fuel purchase), Save 15% onsite + 1.5 miles or 1.5% cashback on nett spend (or 1.28 miles or 1.28% cashback on intial fuel purchase) at SPC, No minimum spend required to enjoy card benefits, Receive 12,500 DBS Points (equivalent to 25,000 miles) upon payment of annual fee and signing up of card, New DBS cardholders can receive an additional 27,500 DBS Points (equivalent to 55,000 miles) when you spend a min. The offers and benefits include the following: To know more about our concierge services, cardholders can register on. Worldwide assistance for medical emergencies when travelling overseas. Vantage Points earn will be restricted only up to the credit limit allocated to cardmember. While the Annual Fee is strictly non-waivable for the first year, you will enjoy a waiver in the subsequent years if a minimum of S$60,000 worth of retail spend is made in the preceding Card Year^. Use a personal loan to consolidate your outstanding debt at a lower interest rate! SingSaver Pte. Also, for a card worth Rs. Bookings must be made through a dedicated Expedia microsite, and heres where comparison shopping is essential- these landing pages sometimes result in higher prices than searching through public channels, so make sure you arent paying over the odds. Click here to find out more and the next steps. 200 spent in India, 8 Vantage Point (VP) per Rs. S$2,000 spend per statement month, otherwise 1 mpd for both SGD and FCY, Divide transaction by 5 and multiply by 3.75. Local spend refers to retail transaction(s) posted in Singapore dollars. 4 VP Your Best Credit Card Offer is Just a Few Clicks Away! $120K cards are generally held more for their benefits than their miles accumulation potential, but the DBS Vantage flips the script. Eligibility for the DBS Vantage Card will be based on the applicants existing liability relationship with the Bank and credit history. income requirement, and for the moment, it looks like DBS is applying this very strictly. 10,000, Complimentary Club Marriott Membership; 12,500 reward points on card activation/renewal, Unlimited complimentary domestic and international lounge access, Unlimited complimentary domestic and international lounge access + 8 guest visits via Priority Pass membership, Unlimited airport lounge access across the globe for Primary and Add-on member, Complimentary membership to ITC Culinaire, Taj Epicure or Club Marriott, Complimentary Club Marriott membership for first year, Complimentary golf games/ lessons under Axis Bank Extraordinary Weekends, Unlimited complimentary golf games & coaching at select courses worldwide, 42% p.a. 1 Comment DBS has extended its 60,000 miles sign-up bonus for the new Vantage card, and halved the minimum spend requirement to S$4,000. Lifestyle Privileges Premium cards also can come with lifestyle privileges,. 1% Fuel Surcharge waiver on all fuel spends between Rs. Fixed deposit accounts in Singapore offer a higher interest rate as compared to your basic savings Get the latest promotions for deposits, credit cards, property listings and online discounts in your inbox, Copyright (C) 2013 - 2023 All Rights Reserved Money Lobang Pte Ltd. Dont see the DBS Vantage Card when applying? and an annual fee of S$588.50. With the finest experiences to savour. Aaron founded The Milelion to help people travel better for less and impress chiobu. While the Annual Fee is strictly non-waivable for the first year, you will enjoy a waiver in the subsequent years if a minimum of S$60,000 worth of retail spend is made in the preceding Card Year^. Discover DBS Credit and Debit cards - from earning miles to student benefits, be sure to find one that's perfect for your lifestyle! As the demand for premium credit cards grows in the country, we believe that the DBS Vantage card will become one of the most sought-after of our proprietary cards and become a key enabler for our customers to Live more, Bank Less, said Prashant Joshi, Managing Director & Head Consumer Banking Group, DBS Bank India. Between up to 2.2 miles per S$1 or 2.2% cashback. As far as first attempts come, it's respectable enough, with strong earn rates and solid benefits ensuring it's not just there to make up the numbers. 2 While its sign-up bonus can still be lucrative, the second year value proposition for the DBS Vantage Card is much more marginal. You get to choose from any 1 of the above premium hotel memberships. Thats understandable, given how OCBC and UOBs S$5 earning blocks result in lost miles from rounding, especially for small transactions (spend S$4.99? Vantage Points are valid only for 2 years from the date of accrual. Please note that the 12,500 DBS Points (25,000 miles) will not be awarded if the Annual Fee is waived. Get S$5* credited into your PayLah! Annual fee is strictly non-waivable for the first year, Earn 3.75X DBS Points for every $5 spend locally (or 1.5 miles or 1.5% cashback for every $1 spend), The annual fee will be waived if your annual spend is $60,000 and above from second year onwards. Relish unique flavours at Singapores finest dining establishments. Be on the guest list at Singapores finest dining establishments, including Michelin-awarded restaurants. Savour the finest things in life as only you know how. Your call. These Product Benefits and Terms apply to your use of DBS Vantage Credit Card by DBS Bank India Limited (DBS Bank). DBS Vantage cardholders will earn 8 Vantage Points on every Rs 200 spent internationally and 4 reward points on every Rs 200 spent domestically. Ltd., a wholly owned subsidiary of SingSaver Pte. Terms and conditions apply.Questions? for added discounts. Click on the Apply Now button on this page and complete the application form on SingSaver site. Standard Chartereds 360 Rewards & EasyRewards: A hot steaming mess. Round down to the nearest whole number, Get S$5 (in the form of 750 KrisPay miles) when you sign-up with code, Review: Qatar Airways Premium Arrival Lounge Doha. DBS Vantage Credit Card offers access to unlimited Domestic & International Airport lounge access round the year. The DBS Vantage does not have this benefit. However, you will still receive all the other benefits, including a renewal of Accor Plus membership and 10 more lounge visits. 10,000 as welcome gift, Complimentary Membership to Taj Epicure, ITC Culinaire or Club Marriott, 10,000 bonus Vantage Points on making the first transaction within 30 days of card activation, 4 Vantage Point (VP) per Rs. The DBS Vantage comes in metal cardstock, and weighs in at 10g. One customer will be eligible only once per calendar quarter for each milestone benefit as defined above and the total points earned for yearly spends will be adjusted with quarterly milestones earned for any residual amount. The cashback amount is capped at Rs. On dining bills at Fairmont, Sofitel, Swisstel and over 1,400 participating Accor hotel restaurants in Asia Pacific. Only the principal cardholder is entitled to this benefit. Together with perks like an Accor Plus Explorer membership and 10 lounge visits, it was a very compelling proposition- at least for the first year. DBS Points expiry can be a confusing matter, because different cards apply different policies. Get 0% Fx markup in Singapore & 1.75% Fx markup elsewhere. We have them covered. Additionally, cardholders will get exclusive discounts at select merchants in Singapore, the bank said. See also: 7 Best Credit Cards For Booking Flights and Hotels. The Points do not constitute property of the Cardholder and are not transferable by operation of law or otherwise to any other person or entity, Reward point redemption will be restricted if a cardmember has made NIL payment beyond 5 days from payment due date, Reward point balance will be forfeited if a cardmember has made NIL payment beyond 30 days from payment due date, In case of transaction reversal, Vantage Points credited (Normal/accelerated) will be reverse. The card offers signature golfing experiences with four complimentary sessions per calendar year. What does this mean for existing (and would-be) cardholders? This normally retails for S$418, and includes benefits such as: The full list of benefits can be found below. The power to choose and switch your rewards easily, in a few taps. 12,500 DBS Points will be credited to your account within 1 working day after the annual fee of S$594 (inclusive of GST) is charged to your card. Charge a minimum spend of S$4,000 within 30 days from card approval date. Seamless booking and customised recommendations from restaurants to local activities to overseas travel. They will also receive a welcome bonus of 10,000 Vantage Points (worth Rs 10,000) with their first transaction. Note: The annual fee charged on DBS Vantage Card varies based on customer segment. Choose your Membership Relax LUXURIOUSLY ON THE GO Cardmember spending Rs. Privileged access to elevated experiences? A card that lets you call the shots. Max Card: The ultimate answer to the what card question? The DBS vantage card earns 1.5 miles per dollar for general spending for just $594 a year and includes 1 night "free" hotel and 10 lounge visits . to domestic and international airport lounges. DBS Vantage Card: Is This The Right $120K Card For You? 19 DBS Vantage has ended its 4 mpd launch bonuses on dining and petrol. This normally retails for S$418, and includes the following benefits: The dining discount is based on the number of diners, and is valid at more than 1,400 restaurants including Prego, Mikuni and Asian Market Cafe. Monies in DBS PayLah! Here's how it works. The most Id say is that the Vantage might be worth getting for one year, provided you can hop onboard one of DBSs upsized sign-up offers (with 60,000 miles for existing DBS customers and 80,000 miles for new DBS customers). Book rides, order meals, take part in spend & win promotions for sure-win gifts, and more! The 12,500 DBS Points (25,000 miles) will not be awarded if the annual fee is waived. Should you opt for an increased credit card limit offer? Currency conversion rate is applicable as on the date of settlement. on every 200 spent within India, 8 VP If customer has been issued Credit card in the month Feb 2023, then calendar quarter for this customer ends on 31st Mar23. Subsequent years fees can be waived if cardholders spend at least S$60,000 per membership year. on flights, hotels and dining, Avail Sajish Pillai, Managing Director, Head of Assets and Strategic Alliances at DBS Bank India, said, The distinctive DBS Vantage Card will delight our HNI customers in India. Would you pay S$594 for 25,000 miles, an Accor Plus Explorer membership and 10 lounge visits? 2015-2023 SingSaver PTE LTD. All rights reserved. 100 DBS Points can be transferred to 170 KrisPay miles, which can then be transferred to KrisFlyer miles at a 1:1 ratio. The DBS Vantage Card has a S$120,000 p.a. Tap on your personal 24/7 Visa concierge with a curated range of services, amenities and exclusive privileges. At Fairmont, Sofitel, Swisstel and over 1,000 participating Accor hotels and resorts across Asia Pacific with an Accor Plus Explorer membership. invite-only DBS Vantage Card - your gateway to a world of luxury. All Vantage points will be round down to calculate the final points. Your call. The new DBS Vantage Visa Infinite Card requires much less - 120k annual income. The DBS Vantage Card has an annual fee of, 3% of the statement balance or S$50, whichever is greater, plus any amount that is overdue and/or exceeds your credit limit, 27.8% p.a. Rewards your way. However, DBS Points arenot pooled when it comes to card cancellations. Get unlimited access Maximum fuel surcharge waiver Rs. 5,000 bonus VP Cardholder can choose one complimentary luxury Hotel membership from Hotels Taj Epicure/ITC Culinaire/Club Marriott. Customer shall be eligible for bonus Vantage Points on reaching milestones on all spends including Fuel, Wallet Load, Duty Free stores, Rent, cash withdrawals, Emi conversions . invite-only DBS Vantage Card - your gateway to a world of luxury. The annual fee of Rs. spend of S$4,000 and annual fee payment within 30 days of card approval. The bank said that this card will initially be offered to a select invitee list. Make payment for non-waivable annual fee of S$594.00 (inclusive of GST); and. S$100 (For outstanding balance above S$200), 27.8% p.a. With the finest experiences to savour. are a deposit. Embark on extraordinary gastronomic adventures with your members-only privileges. Apply now Sign up for DBS Vantage card to enjoy up to 60,000 miles Don't see the DBS Vantage Card when applying? Redeem Now EXTRAORDINARY experiences THAT YOU WILL NEVER FORGET Taj Epicure | ITC Culinaire | Club Marriott You get to choose from any 1 of the above premium hotel memberships. on spends of 3,00,000 in a calendar quarter, 10,000 bonus VP on spends of of $5,000 within 30 days from card approval date. Contact Us- DBS Vantage - helpline and email : Existing DBS Treasures customer? The complimentary hotel night can be redeemed in Singapore or overseas, and careful planning is key to maximising the benefit. Cardholders can also enjoy a 24-hour dedicated concierge service for travel, lifestyle, medical, and auto-related assistance, as well as one of the most unique duty-free offerings with 10% cashback (up to Rs 1,500 per month). After sitting on the sidelines for years, DBS has finally decided to throw its hat into the ring by launching a $120K card of its own. A card that lets you call the shots. Paying the annual fee gets you 25,000 miles in return, which means buying miles at ~2.35 cents each. What is considered as Overseas spend? Here is a table showing the reward rates on some popular super-premium cards to help you get a perspective: Cardholders can use the DBS Delights reward redemption platform to redeem the accumulated reward points. 10 Lakh in a year to avail annual fee waiver. Annual fee shall not be levied if the spends criteria is met by the Cardmember in the previous year. SingSaver is located at Eon Shenton, 70 Shenton Way, 18-08, Singapore, 079118. Extraordinary experiences including live cultural and sporting events in over 500 cities. These typically come in metal, and have income requirements of at least S$120,000 per annum (hence the name), plus annual fees around the S$500 - S$600 mark. DBS/POSB customers can visit this link to update their income, which will take five working days to process. Note: All fees indicated are inclusive of GST where applicable. 10 tips for unlocking the Power of Compounding to become rich, Senior Citizen Long-Term Fixed Deposit Interest Rate Hike: 12 Banks on Nifty Bank Index Compared, First Government bank to allow UPI payments through credit cards Details here, EPFO Higher Pension Calculator Download Link: Calculate Dues for Bigger EPS Pension on Excel, Copyright 2023 The Indian Express [P] Ltd. All Rights Reserved, DBS Vantage Card: New Credit Card offers 0% markup fee in Singapore, luxury hotel membership and more. Along with unlimited access for primary members, most super-premium cards also offer limited number of free visits for add-on cardholders or guests. Get up to $390 CapitaVouchers! The other big draw of an Accor Plus membership are the dining discounts. IELTS Academic band score requirement for study permits to change from this date, BJP IT cell head Amit Malviya booked for tweet on Rahul Gandhi, Hong Kong-based Web3.0 platforms spend about $25 million, NaMoste Pyramids! 200 spent internationally, You frequently travel to Singapore along with limited visits to other countries, You plan on putting international expenses on credit cards and would be able to make the most of the rewards program, Complimentary luxury hotel memberships would greatly benefit you, You would be able to spend Rs. At SingSaver, we make personal finance accessible with easy to understand personal finance reads, tools and money hacks that simplify all of lifes financial decisions for you. Feb 9, 2022 Last Updated: February 9, 2022 9 Will DBS finally get a $120K card of its own? DBS Pointspool across cardsfor the purposes of redemption. This benefit entitles Cardholder to enjoy complimentary golf rounds/lessons that are specially hosted for them. However, for DBS Banks Treasures Elite segment of customers, it comes at a price of Rs 10,000 and for the Treasures segment, it is priced at Rs 20,000. DBS Bank partnered with LoungeKey to provide best in class services for Lounge access. Qualifying spends towards milestone benefit calculation every quarter/year starts when the customer joins the DBS Vantage Credit Cards Program. Therefore I wouldnt recommend taking this option, unless you need a small top-up to redeem a flight, or have an orphan DBS Points balance (<5,000 points). In summary these are: 1.5 mile per S$1 local spend / 2.2 miles per S$1 overseas spend 12,500 DBS Points will be credited to your account within 1 working day after the annual fee of S$594 (inclusive of GST) is charged to your card. milelion.com C CrashWire Master Member Joined Nov 28, 2000 Messages 4,776 Reaction score 253 on making your first transaction within 30 days. While there are credit cards offering low forex mark-up advantage like HDFC Infinia, Axis Magnus and SBI Card ELITE, DBS Vantage is the first card to launch country-specific zero forex mark-up feature. Meet the invite-only, metal card that takes you a few steps closer to Your Next Vantage. For starters, you wont even be able to see the DBS Vantage Card on the DBS/POSB ibanking card application portal if your income records with DBS reflect earnings of less than S$120,000. The Cardholder(s) shall be entitled to avail the following benefits: Cardholder(s) gets 10,000 Vantage Points worth Rs. Service charge or interest levied for non-payment or part payment of the amount due on the DBS Vantage Credit Card. E.g. 15 lakh in a year, Annual fee waived off on spending Rs. Back in June, DBS launched the Vantage Card, its first foray into the $120K card space. DBS Vantage Card: Receive 80,000 miles in the form of DBS Points within 120 to 150 days from card approval AMEX Platinum Charge Card: Earn up to 20 Membership Rewards points per S$1.60 spend with selected 10Xcelerator Partners, bonus rate capped at S$16,000 spend. Nifty and Sensex touch new all-time highs today! Note: All fees indicated are inclusive of GST where applicable. This online platform is operated by SingSaver Pte. You got it. #Esso fuel savings comprises 5% Esso station site discount and 5% Esso Smiles card discount. These are your advantages. I agree to the terms and conditions and agree to receive relevant marketing content according to the privacy policy. Once free visits are exhausted, youll be charged US$32 per additional visit. 2, Once the hotel membership is selected, the other 2 hotel memberships will be disabled for a period of 1 year. The franchisees have listed qualifying criteria for Merchant Establishments to qualify to be listed under a specified category. It might be a bit of a stretch. How do I qualify? The charges mentioned in the table below are exclusive of taxes. All Rights Reserved. Whats more, the two restaurants which offering 50% off (Cali at Ascott Raffles Place and Park Avenue Rochester) can also be booked at 50% off through eatigo- no expensive credit card required.
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