dbs vantage card requirements

Queensland lifts on-arrival testing requirement from 30 June, One week left: Beat the KrisFlyer devaluation by locking in awards now, Guide: AMEX Platinum Charge annual S$1,354 statement credits, AMEX HighFlyer Card offering up to 3,000 miles on utilities payments, AMEX Platinum Charge offering 115,000 MR points sign-up bonus, AMEX HighFlyer Card offering 60,000 points sign-up bonus, CardUp offering 1.75% fee on income tax payments till August 2023, can be transferred to multiple airline partners. The SnP product can be pre-closed by calling 24-Hour DBS Bank call center. Welcome miles and sign-up bonus That said, cardholders who dont intend to make full use of the Accor membership can still get the minimum utility from this benefit by way of the free night hotel stay. This benefit will bode well for those who like staying in Accor hotels or dining in their restaurants. The only one I know thats higher for general spends is the UOB Absolute AMEX which gives 1.7% cashback for all spend. WELCOME TO YourNext Vantage You are always ahead of the curve. Disclaimer: I may receive an affiliate/referral fee when you sign up for services/products on this site, and such fees keep the site running. This makes it a good card of last resort when you suspect a particular payment might not earn points with another bank. I hereby authorize DBS Bank to disclose, from time to time, any information relating to me or my Credit Card with Banks third-party service providers for the purpose of products/services related to Credit Card, marketing or offering other Bank products and allow such third parties to contact me or send such communications via telephone, SMS, Email, electronic messaging (eg. Cardmember will not earn reward points for the monthly EMI. What should I do? faded almost to the point of irrelevance. The Cardmember agrees and understands that DBS Bank shall continue to levy the current applicable charges on the Cardmembers Account as per the applicable Schedule of Charges of the Most Important Conditions. In addition to its best-in-class earn rates of 1.5/2.2 mpd on local/FCY spend, cardholders can make hay with its 4.0 mpd on dining and petrol spending for the rest of 2022. Most $120K cards offer a payment facility, which is basically a way of buying miles at a discount. This adds up to 60,000 / 40,000 miles. T&Cs apply. Subsequently, you will be able to see and apply for DBS Vantage Card. Upon availing the SnP facility, the payable SnP instalment shall be reflected in the Cardmembers subsequent Statement of Account. 2022 marks the fifth iteration of this guide, and thankfully were now a world away from 2020 and 2021, when COVID-19 border closures and lockdowns rendered many $120K benefits useless. Features and Benefits I agree to DBS Banks Privacy Policy which is available on DBS Bank India Limited website at. The main issue may be that VOYAGE Miles are relatively hard to come by, since the card lacks a bonus category. He was 50% successful. In 2020, DBS introduced the "Towards Zero Food Waste" initiative as part of a global sustainability practice to encourage a shift in behaviours and mindsets to reduce food waste. DBS Vantage Card Travel Benefits. In fact, if your only concern is miles maximisation, youre better off using a specialised spending card, many of which are available at the $30K income mark. In addition to its best-in-class earn rates of 1.5/2.2 mpd on local/FCY spend, cardholders can make hay with its 4.0 mpd on dining and petrol spending for the rest of 2022. To the extent of any inconsistency between these terms and terms defined cardmember agreement, these terms shall prevail. DBS Vantage Card Review. 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. Some policies do not cover medical expenses, which means youll pretty much have to buy a stand-alone policy. Tap here for a review (Ill update this soon). DBS Vantage Card holders get to visit Priority Pass lounges 10 times per year at no charge. $120K cards are generally held more for their benefits than their miles accumulation potential, but the DBS Vantage flips the script. DBS Cards - Sethisfy The new DBS Vantage Visa Infinite Card requires much less - 120k annual income. It has non-expiring points, a wide variety of transfer partners, no transfer fees, and a minimum transfer amount that starts from just 250 miles. These terms and conditions shall be governed by the laws of India and any dispute arising out of or in connection with these terms and conditions shall be subject to the exclusive jurisdiction of the courts in Mumbai, Maharashtra. Prashant Joshi, Managing Director & Head - Consumer Banking Group, DBS Bank India, said, The launch of the DBS Vantage Card is a big step for the bank in India as we continue to reimagine the customer experience, while bolstering our portfolio of retail offerings. spend of S$4,000 and annual fee payment within 30 days of card approval. PDF DBS Vantage Visa Infinite Card 1. What are the eligibility criteria and DBS is known for its global leadership, being recognised as the Worlds Best Bank thrice by Global Finance since 2018. In summary these are: 1.5 mile per S$1 local spend / 2.2 miles per S$1 overseas spend S$100 (For outstanding balance above S$200), 27.80% p.a. But its still a far cry from the likes of the AMEX Platinum Charge (17g) and the UOB Reserve (28g). For the discerning global traveller, the card offers low fees on international transactions and unlimited airport lounge access with a 24-hour Visa concierge service. DBS is committed to building lasting relationships with customers and positively impacting communities. At the bottom are entry-level cards like the Citi PremierMiles, DBS Altitude and HSBC Revolution. Guide: How to Get 4.65% P.A. Elevate your rewards | DBS Singapore If you dont care so much about transfer partner variety because youre a KrisFlyer or bust type of guy, then the next thing Id focus on is transfer fees. Before you dismiss it, however, consider that American Express has the fewest rewards restrictions of any bank in Singapore- you can earn miles on government transactions, education fees and hospital bills, assuming AMEX cards are accepted. 2.5 points= 1 mile for KrisFlyer, but 3.5 points= 1 mile for Emirates Skywards), which could be a stumbling block for anyone looking to earn more exotic miles. A unique feature of OCBC VOYAGE is that VOYAGE Miles can be used to pay for any flight in any cabin on any airline. The annual fee for a $120K card ranges from S$488 to S$650, and we were a whisker away from DBS setting a new all-time high with a S$736 fee for the DBS Vantage, before they backtracked and settled on a much saner S$588.50. While we do not claim to have been there, done that and share with you the secrets of unlocking financial freedom, (many paid workshops out there can help you with that. Nothing contained herein should be construed as an obligation on DBS Bank to offer the above-mentioned products. The 4th Night Free (4NF) benefit is no doubt one of the best perks of the Citi Prestige card. A close second would be the Maybank Visa Infinite which gets you two rides with S$3,000 spend. Welcome to the 2022 edition of the $120K Credit Card Showdown, where we take an in-depth look at the finest pieces of plastic (or metal) money can buy. Any such participation is voluntary and is made purely on a best effort basis. Eligibility for the "DBS Vantage Card" is based on the applicants existing liability relationship with the Bank and credit history. ^ Card Year refers to the 12-month period starting from the date the Card application was approved by DBS. Lets take a closer look at the benefits: The miles earn rate of 1.5 miles per S$1 on local spend / 2.2 miles per S$1 on overseas spend (equivalent to 1.5% and 2.2% cashback) is very competitive if you pit it against other general spending cards (whether targeted to the affluent or not). I would only recommend services/products I would personally use or recommend to my own friends and family, but I do not provide any warranty or guarantee for the quality of these services/products. To recap, there are two types of payment facilities: (1) is available to OCBC VOYAGE and UOB Visa Infinite Metal Card cardholders, with prices ranging from 1.8-1.95 cents per mile. In conclusion, the main approach I would suggest is to sign-up for this card while the promotion is running for 60,000 bonus miles for new-to-DBS cardholders. S$120,000 and above per annum (Singaporean or Foreigner). A Budget Travellers Look at Business Class, Spend Promos: Kris+ July Spend Challenge and Amex Offers, Apply for DBS yuu (either American Express or Visa), Make a min spend of S$500 within 30 days from card approval, Charge a minimum spend of S$4,000 within 30 days from card approval date, Charge a minimum of S$800 within the first 60 days from card approval date. The Standard Chartered Visa Infiniteisnt bad either, but remember, it applies different transfer ratios among its partners (e.g. In summary these are: The DBS Vantage Card also normally comes with a sign-up bonus of 25,000 miles applicable for both new-to-DBS and existing DBS cardholders with every payment of the S$5894 annual fee. Switch your rewards flexibly between up to 2.2 miles per S$1 or 2.2% cashback, Complimentary Accor Plus Explorer membership with 1 free hotel night stay, Complimentary Digital Priority Pass Membership with 10 free lounge visits. The bank is at the forefront of leveraging digital technology to shape the future of banking with its recognition as the Worlds Best Digital Bank by Euromoney in 2021 and the world's Most Innovative in Digital Banking by The Banker in the same year. That said, my pick for the best earn rates is the newly-launched DBS Vantageand its beefy 1.5/2.2 mpd on local/foreign currency spending. DBS Bank may cancel and foreclose the SnP facility in case the Cardmember becomes insolvent/enters into any composition with its creditors, or breaches any of these terms and conditions, or it is brought to the notice of DBS Bank that the Cardmember has made any misrepresentation to DBS Bank, or has defaulted in any other loan or facility provided by DBS Bank to the Cardmember, or for any other reason which in DBS Banks sole opinion adversely affects or may affect DBS Banks interests. I have read, understood and accept the contents of this application form, Cardmember Agreement, most important terms and condition ("MITC") and other terms and conditions (collectively Credit Card T&Cs) as applicable to Credit Card issued by DBS Bank India Limited (Credit Card), as amended from time to time at the sole discretion of DBS Bank, and the Credit Card T&Cs have been explained to me in the vernacular language and are understood by me. I hereby authorize DBS Bank to receive my credit information from credit information companies at its discretion for the purpose of my credit card application and retain such information for such duration as DBS bank may deem it necessary. To illustrate, I once found a S$2,419 Turkish Airlines Business Class fare from Singapore to Barcelona. The full-fledged JetQuay Quayside experience normally costs ~S$428, but Maybank Visa Infinite cardholders can get it for free. But for those who like to enjoy the finer things in life, a $120K card can represent a good investment, provided youre confident in your ability to recoup the annual fee. 48% annualized). Loans taken over and above the credit line will be included in the representation of credit limit as part of bureau reporting on a monthly basis. Packed with rewards and distinctive experiential benefits across dining, travel, hospitality and luxury and the promise of safety and security provided by Visa, the card is perfectly suited to the needs of the affluent consumer.. Discounts of up to 50% are also supposed to be offered. DBS Vantage cardholders will earn 8 Vantage Points on every INR 200 spent internationally and 4 reward points on every INR 200 spent domestically. This card will initially be offered to a select invitee list and provides benefits that include a host of luxury and lifestyle rewards. You dont actually need the AMEX Platinum Reserve to enjoy Love Dining and Chillax benefits; theyre also available on the entry-level AMEX Platinum Credit Card (AF: S$321). luxury room sofitel singapore city centre. Contact Us- DBS Vantage - helpline and email : Declaration & Consent link for Vantage Card, https://www.prv.dbs.com/in/credit-cards/vantage/mitc.html. At the bottom of the heap is the AMEX Platinum Reserve with an anaemic0.69 mpd earn rate on local and overseas spending. The computation of 30 working days shall start from the day on which all the documents required for a proper appraisal of the application are provided by the applicant to DBS Bank. You are requested to review these Terms and Conditions before you begin to use the SnP facility. If you missed out on that top offer, which later became a 60,000 miles deal, there . The HSBC Visa Infinite remains the king of the limo benefit. For the record: you dont need a $120K card to rake in the miles. With the DBS Vantage Card, customers get special access to dining and stay experiences at 5-star hotels. I hereby declare that should there be any change in the information provided by me or under the declarations/statements provided herein after the completion of the credit card application, I shall promptly inform DBS Bank of such change i.e. I understand that the Credit Card T&Cs are available on DBS Bank India Limited (DBS Bank) website at. Further I have not given/ made any payment in cash, bearer cheque or kind along with or in connection with this application to any representative of DBS Bank (or) to any other third party. Your email address will not be published. You can sign up here. In 2022, DBS committed an additional SGD 100 million to deepen the ability to create an impact beyond banking, catalysing the bank's various philanthropic and crisis relief measures.With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. New and existing cardmembers will be credited up to 60,000 miles and 40,000 miles respectively in the form of DBS Points, within 90 to 120 days from the Card approval date. The Cardmember understands and acknowledges that she/he can pre pay the SnP facility by placing a request for preclosure with DBS Banks customer service team by calling them on 1860 267 6789, subject to the preclosure charges and interests levied by DBS Bank from time to time. Payment for 1st year Annual Fee (S$594.00 inclusive of GST), Spend S$4,000 within 30 days from card approval. Citi Prestige, Maybank Visa Infinite and HSBC Visa Infinite all give unlimited visits per year so this card falls quite short in this aspect. However, in the event the credit card remains past due for more than 180 days, the SnP shall be pre-closed as stated in the paragraph above on Loan Pre-closure due to non-payment. I also understand that in case I wish to unsubscribe, I can opt-out by clicking on unsubscribe link available in the Email communications or calling the DBS Customer care. VOYAGE Miles are one of the most interesting loyalty currencies out there, and thanks to Travel with OCBC, OCBC VOYAGE cardholders can score great value redemptions on commercial tickets. The metal card comes with highly sought-after privileges including travel, fine dining, and complimentary sessions at prestigious golf courses. To avail the benefit, cardholder needs to follow the below steps: Visit our DBS Rewards portal dbsdelights.in Login using mobile number and card number Hotel membership benefits are shown and one among the below can be selected: ITC Club Marriot Taj Epicure The welcome benefit can be unlocked by making a purchase transaction for Rs. After being taken to DBS site, scroll down and look for the Apply Now button in red. As with other credit cards for the affluent such as the Citi Prestige or the UOB Visa Infinite, the DBS Vantage Visa Infinite Card comes with a host of benefits. The Citi Prestige offer also requires a much lower spend of just S$800 over the first 2 months to qualify. If were just looking at which card offers the most miles for paying the annual fee, the winner would be the HSBC Visa Infinite. Your digital Priority Pass membership card and boarding pass must be presented at the lounges for entry. Additionally, DBS Bank was ranked among the top 3 on Forbes' list of the World's Best Banks in India for three consecutive years, from 2020 to 2022.DBS Bank has been present in India for 28 years, opening its first office in Mumbai in 1994. Contact Us- DBS Vantage - helpline and email : Split and Pay (SnP)/ Convert to EMI Terms & Conditions (T&Cs), Loan Pre-payment process and related charges, Loans on credit cards blocked / closed by the bank. I understand and undertake that the usage of the Credit Card shall be strictly in accordance with applicable laws and the exchange control regulations of the regulatory authorities as applicable from time to time which I undertake as my responsibilities to keep myself updated of, and in the event of any failure to do so, I will be liable for action under the Foreign Exchange Management Act, 1999 or its statutory modification or re-enactment thereof. A new cardholder refers to those who do not currently have a principal credit card with the bank, and have not cancelled any in the past 12 months. At the risk of repeating myself: you dontneeda $120K card to play the miles game. The Cardmember agrees to indemnify DBS Bank from and against all actions, suits, claims, liabilities and proceedings due to or arising out any or all disputes between the Cardmember and third party by reason of DBS Bank acting in good faith and bonafide belief and for any loss damages incurred by the Cardmember on account of deficiency in quality or delivery of product or service; non-delivery of product or service; non delivery of product or services by third party and any causes due to force majeure such as earthquake, flood, dire and other natural calamities or circumstances beyond the control of DBS Bank or merchant or their agents or any third party service providers. Few Days Only: Get Up to 80,000 Miles With the New DBS Vantage Card DBS has launched the Vantage Card as its attempt into the mass affluent income cards segment. I understand that the grant of Credit Card is at the sole discretion of DBS Bank and upon my executing and submitting necessary documents and other formalities as required by DBS Bank. Even though it carries a S$26.75 transfer fee, ThankYou points never expire and can be transferred to 11 different partners. DBS Bank India launches its first, invite-only credit card You get dropped off at a private driveway, your check-in is handled by the terminal staff while you relax in the lounge, and the only time you mingle with the unwashed masses is en route to your flight in an electric buggy. In the event the Credit Card is blocked or closed prior to the completion of loan tenure, - EMI(s) will continue to be billed in the monthly statement and shall be included as a part of the MAD. 2022 Edition: The $120K Credit Card Showdown - The MileLion S$120,000 annual income requirement. Watch the review here, Consider the DBS Yuu Card as your first DBS card for a better promo, Get 4 miles per dollar on online transactions. plus assorted discount and free wine vouchers. There are a few exceptions: Fees are not insubstantial, but most cards cushion the blow by offering miles in exchange for the annual fee. No annual fee applies for supplementary cards. I have gone through the list of restaurants that partner with them and most provide 10% to 20% discount. Otherwise, Im once again choosing to omit the Standard Chartered X Card in favour of the Standard Chartered Visa Infinite, since the former has faded almost to the point of irrelevance, and the latter is closer in income requirement and benefits to a true $120K card. While the AMEX Platinum Charge will unofficially accept applications at the S$120-150,000 mark (versus the publicised S$200,000), I dont include it in the $120K segment simply because its S$1,712 annual fee is 3X that of the competition, making it almost impossible to do a fair comparison. I understand that the credit limit on my Credit Card is fixed by DBS Bank basis various parameters and at its sole discretion. Nerfed: Amaze Halves Earn Rate on Foreign Currency Transactions, Updated: Account Opening Deals For July 2023, Worth It? DBS Bank may tie up with credit bureaus authorised by RBI and will share credit information including but not limited to instalment loans taken on credit card and Cardmember hereby consents that DBS Bank can share Cardmembers credit information with credit bureaus, regulatory authorities, statutory authorities, or such other persons as DBS Bank may solely deem necessary for provision and processing SnP facility to Cardmember. Take a look at all the ways the DBS Vantage Card makes every moment an extraordinary one. There are some airports (e.g. The SnP facility is available on all retail transactions made by both the primary Cardmember and the add-on Cardmember amounting to or greater than Rs. This refund is done on the back end, so youll still earn hotel points and elite credit (where applicable) for four nights worth of spending. Details are scarce for now, but what we can tell from the landing page is that the DBS Vantage will be a Visa Infinite card (the highest tier of Visa available), and come with a 12-month Accor Plus Explorer membership worth S$408. Alternatively, you can also email me at b i n o (at) iwandered.net. Required fields are marked *. Required fields are marked *. $120K cards are generally held more for their benefits than their miles accumulation potential, but the DBS Vantage flips the script. DBS Vantage Card 80,000 miles sign-up bonus: Should you bite? Promo code can be left blank for DBS Takashimaya Card. Also get 10 free lounge visits a year via Priority Pass. Complimentary Priority Pass Membership is only applicable to principal DBS Vantage Visa Infinite Cardmembers. The benefit can no longer be used for suites or villas, nor can it be used on any half-board stays. DBS Bank shall also be authorized to upgrade my credit limits basis my consent on telephone, SMS or digital channels. Its certainly not a decisive factor for choosing a $120K card. The DBS Vantage comes in metal cardstock, with a minimum income requirement of S$120,000 p.a. Please enter only a-z,A-Z,0-9,@!>$&-()',./, Terms & Conditions Governing Electronic Services, Charge a minimum spend of S$4,000 within 30 days from card approval date. Please remember to use the promo codes. Fail to hit that, and its a pathetic 1 mpd for everything! I confirm that laws in relation to unsolicited communication referred in 'National Do Not Call Registry' ('NDNC Registry') as laid down by TELECOM REGULATORY AUTHORITY OF INDIA will not be applicable for such communications. The Cardmember represents to be authorized user of the Card and understands that the SnP facility cannot be availed on Annual fees, bank charges (Overlimit, Late payment fee, Service charge, etc) cash withdrawals, balance transfer or any other loan product. Likewise, theres no room for the UOB Ladys Solitaire Card because its less of a general spending card and more of a specialised spending option. Add-on Card: In case I have applied for Add-on card(s) (available for resident Indian parent/ spouse/ brother/sister/child over 18 years of age at a special rate) I will be billed for such an Add on card in the normal monthly statement. In the event the credit card remains past due for more than 180 days (due to non-payment of MAD), the SnP shall be pre-closed. Apply online for a DBS Vantage Card by 31 July 2023 (no promo code required); Make payment for non-waivable annual fee of S$594.00 (inclusive of GST); and; Charge a minimum spend of S$4,000 within 30 days from card approval date; New and existing cardmembers will be credited up to 60,000 miles and 40,000 miles respectively in the form of DBS .
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