DBS Vantage Visa Infinite Card | MoneySmart DBS has just launched the DBS Vantage Card, a $120,000 annual income requirement credit card that was until now conspicuously missing from the banks range of cards. You could break the calculation down further and say that since the first 25,000 miles require no spending at all, you are really only earning 67,000 miles for the S$8,000 in local spend as a new-to-bank customer (55,000 sign-up bonus + 12,000 regular local earn rate). Beware that if you change your earning preference to cashback, all your DBS Points earned from the Vantage Card will be converted to cashback on the 1st working day of the next calendar month and awarded on the 3rd working day of the next calendar month. monthly spend of S$600 required. The minimum volume of miles you can transfer into KrisFlyer is 10,000 (i.e. You also get an overview of your credit card spending, transactions made, outstanding payments as well as your available balance. Between up to 2.2 miles per S$1 or 2.2% cashback. For example, if your card is approved on 15th May 2023, the bonus miles will be credited by 12th September 2023, if you hit the S$5,000+ spend in the first 30 days. If youre interested in the alternate offer, then enter the code VANMILES during the application process. T&Cs apply. Find 1-for-1 deals here. Additionally, this site may be compensated through third party advertisers. Take a look at all the ways the DBS Vantage Card makes every moment an extraordinary one. For full credit card rates and fees, please . After a pre-launch period with more leaks than the RMS Titanic, the DBS Vantage has finally made its debut. The annual fee bonus alone (25,000 miles) really isnt worth it, if you end up falling short. Its clearly not worth signing up for this card if you arent going to participate in the bonus miles for S$5,000+ spend promotion, since the 25,000 miles youll receive for payment of the annual fee means buying miles at 2.38 cents each (assuming you dont place any value on the other perks). S$4,000 spend on 12- or 24-month DBS Instalment Payments Plans, S$5 off min. For existing DBS or POSB credit card holders, its still a great deal with a cost per mile of 0.99 cents each, and remember youll probably be placing some value on the cards other perks too. MCC 5462 (Bakeries) and MCC 5451 (Dairy Products Stores) are also excluded, so youll need to be careful if youre grabbing a bite at a place that doesnt have a waiter. credit card deals Apply online for DBS Vantage Card within the Promotion Period and approved by 24 July 2023 with the promo code FLASHVTG; and Charge a minimum spend of S$5,000 to the approved DBS Vantage Card within the first 30 days from the card approval date ("Qualifying Spend"). The bonus, equivalent to an extra 55,000 miles for new-to-bank cardholders or an extra 35,000 miles for existing DBS credit card customers, will be credited within 120 to 150 days of you meeting the S$8,000 spend criteria. Customers must be at least 21 years old with a min. DBS Points to miles transfers take between 5 and 10 working days according to the bank, but in our experience when converting to both KrisFlyer and Asia Miles youll see the miles in your account within 2 days. Theres no rush to commit with this one its running until the end of June 2023. Accor Plus membership with 2-3 complimentary nights, World of Hyatt offering 30% bonus on points purchases, MileLion Weekly Deal Summary [18-24 Jun 22], AMEX HighFlyer Card offering up to 3,000 miles on utilities payments, Standard Chartereds 360 Rewards & EasyRewards: A hot steaming mess, 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, Removed the tiered miles earning system in favour of, 1.5 mpd (SGD) or 2.2 mpd (FCY) will be awarded upfront when the transaction posts. Thats a very long time, compared for example to the Standard Chartered X Card 100,000 miles sign-up bonus back in 2019, where the spend bonus was credited no more than a month after the eligible spend period ended. As work-from-home becomes a non-negotiable for many, we enjoy more savings it comes to petrol, transport and even data usage. spend S$150, Singapore address needs to be used at checkout. Some content may be compensated through third-party advertisers. annual income of S$80,000 required, E-commerce protection for your online purchases, Note: 2 mpd earn rate capped at S$1,000 each statement month, 8% cash rebates on online food delivery from Foodpanda and Deliveroo exclusively, 3% cash rebates on all other dining spend, 5% cashback on groceries (including online groceries), 3% cash rebates for Watsons in-store and online transactions. Frequent flyers may find this inadequate; a single return trip with a guest would easily consume 4 visits. The DBS Vantage Card offers 1.5 mpd on local spend and 2.2 mpd on FCY spend. Special discounts at restaurants: You can also get special discounts that range from 5% to 30%, and even free dining for extra pax at places such as Town Restaurant, L'Espresso and more. Capped at S$5,000 per calendar month. Only whole DBS Points can be awarded for your transaction so it's another 'round down' at the end, to the next whole point. DBS Singapore has a selection of credit cards for you to choose from, and the DBS Vantage Card is one of their best cards for the greatest flexibility to switch between miles and cashback. ^ Charge a minimum of S$15,000 or S$25,000 each year to DBS Womans Card or DBS Womans World Card respectively to receive the annual fee waiver for the following year. S$20 spend on your first Pandamart orderPromo code: DBSMARTNC. He was 50% successful. You must enter the promo code FLASHVTG when you apply, and your card must be approved by 20th June 2023, in order to qualify. DBS Live Fresh Card DBS Altitude Card POSB Everyday Card DBS Womans Card, S$30,000 and above per annum (Singaporean) S$45,000 and above per annum (Foreigner), S$80,000 and above per annum (Singaporean or Foreigner), S$100 (For outstanding balance above S$200), 27.80% p.a. Here's the rundown of the promo details: Citi Prestige Apply Use code C04233289T New or existing Citi Cardholders The remaining 2.5 mpd (SGD) or 1.8 mpd (FCY) will be awarded by the 11th of the following calendar month, or the next working day if the 11th is not a working day. Click here to find out more and the next steps. All financial products and services are presented without warranty. Interest With OCBC 360 Account, Whoa: Men Can Now Apply For UOB Ladys Card (Maybe?). Personally, I wont mind having both at once. Each transaction you make, whether in SGD or foreign currency, will first be rounded down to the next whole dollar (in SGD equivalent, if required) before DBS Points earning is assessed (e.g. DBS Cards - Sethisfy If you dont think you can hit the spend with this deal, remember the DBS Vantage Card is offering a lower bonus of 60,000 miles for new to DBS cardholders for a lower S$4,000 spend in the first 30 days. S$120,000 annual income requirement. DBS defines new-to-bank customers as those who: If you are a supplementary DBS/POSB cardholder, but not a primary cardholder on any such account, you will qualify as a new customer. Updated: Account Opening Deals For July 2023, Webull Sethisfy Exclusive: Get Bonus Trading Voucher + Free Shares, Guide: How to Get 4.65% P.A. S$8,000 is a large amount to commit to for many people in just 60 days, and although the likes of CardUp and ipaymy are eligible spend categories, generally speaking its only genuine retail transactions included after that. Read T&Cs for full details. Eligible flight bookings are those made with one of the following airlines: Obviously some popular carriers including Singapore Airlines are missing from the list, but there are still potentially some useful options including Thai Airways, Finnair, Turkish Airlines and Qatar Airways. To apply through your digibank mobile app: Launch digibank app, login, select More > Apply > Cards. Itll cost $26.75 (including GST) each time you transfer DBS Points to frequent flyer miles, regardless of the total quantity. Miles are awarded in the form of DBS Points which is awarded for every S$5 spent (1 DBS Point = 2 miles) on a per transaction basis. As many of you will know, some DBS Points expire, and some don't. It is subject to payment of the (non-waivable) annual fee of S$588.50. Happiest in a First or Business Class bed flying to a faraway place, and even happier when it's using miles or points.View all posts by Andrew. DBS Vantage Card | Page 5 | HardwareZone Forums While the free night is the biggest draw here, Accor Silver status also gives you a complimentary welcome drink and late checkout benefits for all stays, which can come in handy if you frequent Accor properties. If you keep the DBS Vantage Card into your second card membership year and beyond, do note that a 25,000 miles bonus is credited each year on payment of the annual fee of S$594 (cost per mile 2.38 cents). The sign-up offer for the DBS Vantage Visa Infinite Card is worth up to 80,000 miles if you apply by 23:59h Singapore Time on 27th June 2022, and spend S$8,000 in the first 60 days of card membership. When it comes to deals and promotions for DBS/POSB users, you can find them on these two platforms: 1. SGD deposits are insured up to S$75k by SDIC. Book rides, order meals, take part in spend & win promotions for sure-win gifts, and more! From the moment you start spending, the excellent earn rate of 1.5 miles per dollar (mpd) for local spends means you'll find great value even with everyday purchases. DBS Vantage Card 80,000 miles sign-up bonus: Should you bite? For example as a new-to-bank cardholder with S$3,600 of petrol and dining spend, S$400 of local retail spend and S$4,000 of FCY retail spend in the first 60 days, youre looking at 23,680 miles for the spend itself, for a grand total of 103,680 miles. 2022 Edition: The $120K Credit Card Showdown - The MileLion Receive your DBS Vantage Card or activate it via the DBS digibank App. do not currently hold any principal DBS/POSB credit card; have not cancelled any principal DBS/POSB credit card(s) within the last 12 months. However, the results of our comparison tools which are not marked as sponsored are always based on objective analysis first. app to make mobile payments and transactions. DBS/POSB Credit Card Welcome Gift: Receive S$150 cashback when you key in the promo code 150CASH upon application and make a minimum spend of S$800 within 60 days of card approval. DBS's foray into the $120,000 card space, the DBS Vantage, is offering a sign-up bonus until 30th June 2023: new to POSB/DBS cardholders get 60,000 miles, while existing cardholders can get 40,000 miles. The sign-up bonus is only applicable for card account applications received by 27th June 2022, so if youve got the spending coming up and youre interested in more than enough miles to fly SIA Business Class from Singapore to Sydney for the first year fee of S$588.50 act fast. Review: Cathay Pacific The Pier First Class Lounge Hong Kong, Cathay Pacific temporarily closes three HKG lounges, including The Pier First Class. SIAs SilverKris Lounge in Hong Kong is being refurbished opening August? At MoneySmart, we strive to keep our information accurate and up to date. The offer is worth up to 80,000 miles if you apply between 10th May 2023 and 6th June 2023, and spend S$5,000 in the first 30 days of card membership, which is a reduction in spend from S$8,000 under some previous deals, but also needs to be hit in half the time. Besides special DBS/POSB promotions, you can also find more promo codes and discounts for these shops here: Ezbuy, Klook, Lazada, Qoo10, Shopee and Zalora. While travel has resumed in full swing, perhaps you still prefer a staycation every now and then. However, you can also find various deals on this app, including merchants such as Golden Village, foodpanda, ChopeDeals, ComfortDelGro and more. Cards in this tier almost always target travel perks, and the DBS Vantage is no exception. Apply online for an eligible Credit Card with promo code AXS200: DBS Altitude Card. Step 3:Fill in your personal details and charge your booking to your DBS Vantage Card. Information is subject to change without prior notice. Given the annual fee of S$594, the cost per mile is: If youre anexisting DBS cardholder,then this is as good as it gets, since DBS is not running any other Vantage sign-up offers. 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 and 10 free lounge visits within each 12-month period of your membership to over 1,300 airport lounges worldwide, Members-only dining privileges at Singapores finest dining establishments, including Michelin-awarded restaurants, Receive 25,000 bonus miles (in the form of 12,500 DBS Points) when you pay the annual fee of S$594 (exclusive of GST). While the income requirement is set at $120,000, I wonder how strict DBS would be on the income requirement. You can transfer DBS Points into Singapore Airlines KrisFlyer, Cathay PacificAsia Milesand Qantas Frequent Flyer Points. The DBS Vantage Card has brought back its launch offer of up to 80,000 miles with S$8,000 spend in 60 days, valid for applications submitted by 17 March 2023 and approved by 31 March 2023 with the code VTGFLASH. While it would have been nice to have unlimited visits, 10 passes will likely be more than sufficient for the casual traveller who doesnt have kids. Best DBS/POSB Credit Cards in Singapore (2023). reddevil0728 Great Supremacy Member. The annual fee is waived if your retail spend in the previous card membership year was S$60,000+, however in this case the 25,000 bonus miles will not be awarded. Well have a full review of this card coming up soon, but for now the headline stats are as follows: Annual fee:$588.50/yrEIR:26.8%Sign-up bonus:80,000 miles*Local earn rate: 1.5 mpdOverseas earn rate:2.2 mpdFCY transaction fee:3.25%Minimum Age: 21Minimum income: S$120,000/yr* Min. While this is a decent number of lounge visits, unfortunately it falls short of the unlimited Priority Pass benefit you get with cards like the Citi Prestige. The same earning rate, transfer cost, and minimum transfer blocks apply if you choose to credit to Asia Miles or Qantas. The promo code field can be found towards the bottom of the application page, under the DBS Marketing & Promotions Materials section. These bonus miles will be awarded in addition to the regular miles you will accrue anyway to meet the S$5,000 spend as part of the sign-up bonus. There are certainly things it could have done better: non-expiring points is such a low hanging fruit Im shocked they didnt take it, and capping lounge visits at 10 will likely be insufficient for road warriors or those who travel with family in tow. The bonus DBS Points, making up the difference between the regular local or overseas earn rate (as applicable) and the total 4 mpd level, will be awarded on the 11th day of the next calendar month. Follow instructions on screen to add card(s) to Apple Wallet. Get S$5* credited into your PayLah! The bonus miles structure is outlined in the following table, based on whether you are an existing DBS or POSB primary cardholder or not. There are other perks for the card, of course, and perhaps the most significant of which would be the complimentary Accor Plus Explorer membership the card gives, plus one free hotel night each year. Get S$200 cashback when you apply online for a DBS/POSB Credit Card from now till31 July 2023. When does Singapore Airlines first open award seats for booking? That works out as: With an FCY fee of 3.25%, earning 2.2 mpd on overseas transactions is the equivalent of buying miles for around 1.56 cents each, compared to using cash, including a 0.3% spread over money changer rates. Click here to find out more and the next steps. Disclaimer: At MoneySmart, we aim to provide accurate, objective and up-to-date information. Step 2:Select your preferred flight ticket, hotel room or travel package. Should the fee be waived, you will not receive the 25,000 miles, though you will receive the rest of the benefits like the Accor Plus membership and lounge passes. All spend made using a Singapore-issued card on your CardUp-registered account are eligible for the base earn rate of miles (up to 1.6 miles per dollar), points or cashback (up to 3% cashback) on most credit cards, including for payments such as mortgage loan, car loan, insurance premiums and taxes. DBS Vantage Flash Deal From 13-17 March 2023, new DBS Vantage Cardholders who spend S$8,000 within 60 days of approval and pay the first year's S$594 annual fee will receive the following: New-to-bank cardholders will receive 80,000 miles, while those who already hold other DBS cards will receive 50,000 miles. Perhaps best of all though, the membership also gives you one complimentary night at an Accor property in the Asia-Pacific region each year. Refer to our ultimate 2023 credit card guide for the major run-down on the best cashback, miles, and rewards cards to own in 2023! If youre interested how the maths works, expand the box below for details. You can also transfer your DBS Points to Air Asia BIG Points, here 500 DBS Points will transfer into 1,500 BIG Points (a 3:1 ratio), though it wont be much interest to our readers BIG Points are worth only about $0.0034 each (0.34 cents), or about a fifth of the value of a KrisFlyer mile / Asia Mile. S$57.99 is rounded down to S$57). Which DBS/POSB credit card should you choose? DBS Vantage cardholders also get a complimentary Accor Plus Explorer membership, which usually costs S$418 per year. S$30.90 (Off-Peak) / S$33.90 (Peak)), 10% off Weekday 2-Hour Child Admission (U.P. S$60 off when you Pay Later over 3, 6, or 12-month instalments, S$300 off selected timepieces with min. Earn up to 6 miles per S$1 on Expedia | DBS Singapore If youcancelyour Vantage Card however, any DBS Points accrued but not redeemed from the card will be forfeited. To apply through your digibank mobile app: Launch digibank app, login, select More > Apply > Cards. Review: DBS Vantage Card - The MileLion That puts the effective earning rate at 8.4 miles per dollar, though we dont think many people will be paying the annual fee and simply settling for the 25,000 miles annual fee gift, since that comes in at a high cost of 2.35 cents per mile (S$588.50 / 25,000). Card approval on 24 Jun 2022. As a reminder, DBS points can be transferred to the following partners with a S$26.75 admin fee. To make it easier to find the deals that matter to you, we have compiled some of the top deals you can enjoy as a DBS/POSB cardholder, based on different lifestyle categories: Last updated as of 4 June 2023. ago 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 This will just take 1 minute! To view the updated list of carriers, click here. Apply for a DBS Vantage Card by 31 January 2023 as a new-to-bank customer and get up to 60,000 bonus miles. Before parting with our hard earned money, savvy spenders will be looking to save where they can and make the most of every dollar. We even cover some major credit card strategies that will help you 'up' your credit card game to the next level! At a 1.9 cents per mile the 80,000-mile bonus for new customers is worth at least S$1,500against future Singapore Airlines redemptions, and youre getting it here for S$588.50, even if you value the rest of this cards perks at nothing, and of course assuming that meeting the S$8,000 spend threshold wont be an issue for you. spend of S$400*, - S$100 off flight bookings with min. 1.2 mpd on local spend (including bus/train rides), 2 mpd on overseas spend (in foreign currency), 3 mpd on online flights and hotel transactions, 10 mpd on hotel transactions at Kaligo and accommodation transactions at Agoda, 6 mpd on flight & hotel transactions at Expedia, 2 free airport lounge visits within each 12-month period of your membership, Up to 5% cashback on your Online & Visa contactless spend (including SimplyGo rides), Note: Min. Features and Benefits Switch flexibly between up to 2.2 miles per S$1 or 2.2% cashback Elevated perks with Expedia Click "Apply Now" on the DBS Vantage Card option on MoneySmart's credit card page. There are a couple of points to note on this: If you meet the income requirement and have at least S$8,000 spend to make in the next two months, this sign-up bonus is definitely worth it in our book. spend S$40Promo code: DBS23XXX where XXX is the first 3 alphabets of the month (e.g. DS23APR)- Get S$12 off with a min. Unfortunately, the DBS Vantage Card no longer offers 4 mpd on dining and petrol spend, ever since 1 January 2023. Customers who apply for a DBS Vantage card by 27 June 2022 (with approval by 11 July 2022) and spend S$8,000 within 60 days of approval will receive the following: This bonus is on top of whatever base miles you normally earn with the DBS Vantage: 1.5 mpd on local spend 2.2 mpd on FCY spend In the case of dining discounts, Ive just used S$100 as a placeholder figure, and thats completely arbitrary. The new DBS Vantage Card is offering up to 80,000 miles sign-up bonus, with an S$8,000 spend in the first 60 days. The new DBS Vantage Card is offering up to 80,000 miles sign-up bonus, with an S$8,000 spend in the first 60 days. Flash deal: DBS Vantage offering 80,000 miles sign-up bonus of S$1,200 to receive a 20" American Flyer Luggage, Spend a min. Charge a minimum spend of S$4,000 within 30 days from card approval date. DBS yuu Card Review: Is There a Difference Between the Visa and AMEX Version? posted 0% Interest Instalment Payment Plan monthly transactions, posted My Preferred Payment Plan monthly transactions, interest, finance charges, cash withdrawal, balance transfer, smart cash, AXS payments, SAM online bill payments, bill payments via internet banking and all fees charged by DBS, payments to professional service providers (including but not limited to accounting, auditing, bookkeeping services, advertising services, funeral service and legal services and attorneys), any top-ups or payment of funds to payment service providers, prepaid cards, any prepaid accounts or purchase of prepaid cards/credits (including but not limited to EZ-Link, GrabPay, NETS FlashPay and Singtel Dash), any betting transactions (including levy payments to local casinos, lottery tickets, casino gaming chips, off-track betting and wagers), any transactions related to crypto currencies, any transaction with transaction description AMAZE*, any other transactions determined by DBS from time to time, 15% off drinks at in-hotel bars and restaurants. For individual airline and hotel promotions, refer to this promotion page here. 5,000 DBS Points). He was 50% successful. This membership typically goes for $408. Here is a quick look at the requirements, pros and cons and other relevant details of the DBS Vantage Card before getting your hands on this card. The bonus miles structure is outlined in the following table, based on whether you are an existing DBS / POSB primary cardholder or not.
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