Nothing contained herein should be construed as an obligation on DBS Bank to offer the above-mentioned products. In these Terms and Conditions, the following terms shall have the following meanings: These terms and conditions (Terms and Conditions/T&Cs) are an agreement between you (Cardmember) and DBS Bank India Limited (DBS Bank) that governs your access to the Split n Pay (SnP) facility as available on your Credit Card . Do note the bonus miles provide for the bulk of the sign-up value for this card. DBS Bank reserves the right at any time, with previous notice, to add, alter, modify, change or vary all or any of these terms and conditions or to replace wholly. Subsequently, you will be able to see and apply for DBS Vantage Card. From now till 31 December 2022, cardholders will also earn 4 mpd on all dining & petrol transactions, capped at S$2,000 per calendar month (the cap is shared between dining and petrol). Although the Straits Bar is a nice place to have a drink, I find the overall Tower Club experience a bit stuffy and overrated. 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. DBS Bank reserves the right to revise the prepayment charges at its discretion, with prior notice via email/letter and such revised charges shall be binding on the Cardmember. 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 Credit Limit will be released as and when the EMI is billed and paid for in subsequent months. Just recently, DBS has launched its first $120K income requirement credit card and this is a first for DBS to extend its reach to the mass affluents audiences. The table alone is only meant to be a quick summary, but based on my reading of the T&Cs, the AXA Travel Insurance policy offered by the HSBC Visa Infinite has the highest coverage of all. 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. According to the DBS website, the card is supposed to give easier access to Michelin-awarded restaurants which are often hard to book. Contact Us- DBS Vantage - helpline and email : Declaration & Consent link for Vantage Card, https://www.prv.dbs.com/in/credit-cards/vantage/mitc.html. Theres eight candidates in this years $120K showdown, with the seven from last year joined by the new kid on the block: the DBS Vantage. Disclaimer: This site does not take into account of your personal financial situation or needs, and makes no representation and assumes no liability to the accuracy or completeness of the information provided here. Please remember to use the promo codes. DBS Vantage Visa Infinite Credit Card Welcome Gift: Get up to 60,000 miles when you sign up with the promo code VANMILES and make a min. 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. DBS Bank India has witnessed steady growth for its co-branded card with Bajaj Finserv, launched last year. Cardmember will not earn reward points for the monthly EMI. The full list of Love Dining and Chillax partners can be found below: I think it speaks volumes about how good Love Dining and Chillax are that even though theyve lost more members than gained in the past year (goodbye Fullerton Hotels), its still one of the better dining programmes in Singapore. 4th Night Free: Using Citi Prestiges Hotel Benefit in Real Life. You can easily do so by uploading new income documents. 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. The full-fledged JetQuay Quayside experience normally costs ~S$428, but Maybank Visa Infinite cardholders can get it for free. isnt this a cashback card?? This adds up to 60,000 / 40,000 miles. Upon availing the SnP facility, the payable SnP instalment shall be reflected in the Cardmembers subsequent Statement of Account. AMEX Platinum Reserve cardholders also receive a S$100 Tower Club dining credit plus assorted discount and free wine vouchers. 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 . Is it worth it? Check out our onboarding FAQs. Am I eligible? This membership comes with a host of other benefits: Do note that Accor Live Limitless Silver members get additional benefits such as late check-out and welcome drink. Discounts of up to 50% are also supposed to be offered. You are requested to review these Terms and Conditions before you begin to use the SnP facility. I also understand that in cases full amount is due and payable, the applicable Finance Charges on such delayed payment will be charged by DBS Bank on my usage of the Card from the date of such transaction. In addition to the welcome bonus, DBS Vantage Card provides extra rewards based on spending thresholds. Aaron founded The Milelion to help people travel better for less and impress chiobu. That being said, when it comes to local spends, one can practically PayWave most transactions which means you could be better off paying with the likes of the HSBC Revolution Card or the UOB PPV and earn 4 miles per S$1 in the process. The new DBS Vantage Visa Infinite Card requires much less - 120k annual income. Individual Cardmembers can avail the SnP facility to convert all transactions amounting to Rs. Valid till 30 June 2023. At the bottom are entry-level cards like the Citi PremierMiles, DBS Altitude and HSBC Revolution. DBS cards have quite a few concurrent promos now that work for both new and existing cardholders. Any pre-closure of SnP shall attract Prepayment charges at the rate of 3% on the outstanding principal amount. or other means for the same. Watch the review. Elevate your rewards | DBS Singapore 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. Note: All fees indicated are inclusive of GST where applicable. 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. Please exercise due diligence when signing up for any service/product as I will not be liable for any personal loss, financial or otherwise. Fail to hit that (or if its the first year), and the earn rate is a ho-hum 1.0/2.0 mpd. Save my name, email, and website in this browser for the next time I comment. Let me know your thoughts by leaving a comment below. DBS Vantage cardholders receive a complimentary Accor Plus Explorer membership with one complimentary hotel night each year. Which option is best for you depends on your lifestyle and travel patterns, but could I be so bold as to suggest the following. 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. If paid entirely with VOYAGE Miles, this would cost 95,718 VOYAGE Miles. The SnP facility shall deemed to be invalid if the Cardmember has an outstanding payable for more than 90 days and if the Card is an inactive state. DBS Cards - Sethisfy Its basically buying a commercial ticket, freeing you from the vagaries of award inventory and waitlisting, plus the opportunity to earn elite status credits on your flight. Terms and conditions apply . It is hereby clarified that the said payable SnP instalment shall constitute a part of the Minimum Amount Due (, The Cardmember agrees and understands that the monthly SnP Installments is calculated as per the standard reducing balance method, which means that the cardmember will be paying interest only for the outstanding principal at any point in time. ^ Card Year refers to the 12-month period starting from the date the Card application was approved by DBS. DBS Bank India launches its first, invite-only credit card I confirm that no commitments have been made to me by DBS Bank or any of its representatives regarding the credit limit on the Credit Card. WELCOME TO YourNext Vantage You are always ahead of the curve. plus assorted discount and free wine vouchers. DBS was also recognised as the Worlds Best Bank by Euromoney in 2021 for the second time in three years and Global Bank of the Year by The Banker in 2021. Thats stillmore than Im willing to pay, but we cant view the figure in a vacuum, since theres other benefits that help make up the difference. Rumour: DBS to launch premium credit card called DBS Vantage As millennials ourselves, we always dream of achieving financial freedom through the fastest possible way but DO NOT know the ways and means to. Spending S$3,000 a month unlocks a choice of either two limo rides or a single JetQuay use. DBS provides a range of banking services for large, medium, and small enterprises and individual consumers in India. Required fields are marked *. You are requested to review these Terms and Conditions before you begin to use the SnP facility. Likewise, HSBC Visa Infinite cardholders can enjoy 50% off the bill for two (or 33% off for three, or 25% off for four, or 20% off for five or more) at the following hotel restaurants: Citi Prestige and OCBC VOYAGE offer periodic 1-for-1 dining packages with selected upscale restaurants, while Standard Chartered Visa Infinite offers up to 30% off dining at MBS restaurants. Review: DBS Vantage Card - The MileLion At the risk of repeating myself: you dontneeda $120K card to play the miles game. Any payment made into the Credit Card account over and above EMI shall not be deemed to be payment towards the amount availed under SnP and shall not be deemed as closure of the said facility. The former offers an unlimited-visit (+1 guest) Priority Pass to the principal cardholder, while the latter offers an unlimited-visit LoungeKey to the principal cardholder and up to five supplementary cardholders. This is certainly cheaper than paying US$40 per 1,000 miles (what SIA charges if you top up when redeeming), but hardly cheap. Nerfed: Amaze Halves Earn Rate on Foreign Currency Transactions, Updated: Account Opening Deals For July 2023, Worth It? Your digital Priority Pass membership card and boarding pass must be presented at the lounges for entry. Payments (donations, wedding expenses, medical services, parking, travel expenses, transport fee, storage, payment for retail goods and services, renovation fees etc. I am not a Director of DBS Bankor any other Bank*1ora Senior Officer*2 of DBS Bank or relative*3 of Director of DBS Bank/other Bank*/Senior Officer of DBS Bank. Get up to 5% cashback on groceries, 5% on selected online retailers, 3% on utilities and more. Cardholders will receive benefits such as luxury hotel memberships through either Taj Epicure, ITC Culinaire or Club Marriott. The Cardmember agrees and understand the payable SnP instalment shall be reflected in the Cardmembers Statement of Account until the completion of the availed SnP tenure. I hereby apply for DBS Bank Credit Card and declare that all the information included in this application is voluntarily furnished by me is true, correct, accurate and complete and that I am a Resident Indian and that I am eligible to apply for an internationally valid card. By The Kiam Siap Life July 12, 2022. The DBS Vantage Card has an annual fee of INR 50,000. Given that 1 Travel$= 1 KrisFlyer mile, youre paying ~50% of the miles normally required, and saving on the cash component! In 2016, DBS launched India's first mobile-only bank, digibank, which now has ~1 million savings accounts. Your email address will not be published. Few Days Only: Get Up to 80,000 Miles With the New DBS Vantage Card Other similar cards from other banks with the $120K income requirement would include the likes of (non-exhaustive), 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. 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. 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. DBS Vantage Card: Is This The Right $120K Card For You? - SingSaver I understand that the fees and charges applicable on the Credit Card/Credit Card account shall be exclusive of taxes and levies and I shall be liable for payment of such taxes, cess and other levies as per applicable laws. Including directors of Banking Company, Scheduled Co-operative Banks, directors of subsidiaries/trustees of mutual funds/venture capital funds. DBS Bank Vantage Credit Card: Meet Your Next Vantage I hereby authorize DBS Bank to use my KYC data from DBS Banks records in respect to my existing accounts held with DBS Bank, for the purpose of my Credit Card application. A one-time processing fee of 2% on the purchase amount, subject to minimum of Rs. The SnP product can be pre-closed by calling 24-Hour DBS Bank call center. DBS Vantage cardholders will earn 8 Vantage Points on every INR 200 spent internationally and 4 reward points on every INR 200 spent domestically. If you ask me, this is as good as any stand-alone policy. DBS Bank does not make any representation and warranty for any loss/ damage/ claim that may arise out of the use of otherwise of any goods/ services availed by the Cardmember against whose payment SnP facility is availed by the Cardmember. The bank now has a network of ~530 branches in 19 Indian states.DBS provides a full range of consumer, SME, and corporate banking services. The Cardmember can avail the SnP facility for different tenures of 3, 6, 9, 12, 18 or 24 months or any other tenure as specified by DBS Bank in its sole discretion. 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. If the amount paid towards dues on the Credit Card is less than the Total Amount Due, Finance Charges shall be levied on such outstanding (including but not limited to the transaction fee and EMI as above), as per the interest rate applicable and communicated in the MITC, which currently is upto 4% per month (i.e. However, the Cardmember agrees and understands that only the primary Cardmember can place a request with DBS Bank for availing the SnP facility on the said retail transaction and any request for availing the SnP facility placed by the add-on Cardmember shall not be entertained by DBS Bank. This makes it a good option for those willing to spend the time researching fares and finding the cheapest cities to book tickets out of. Get up to 83,600 miles with $15K spend in the first 3 months, Get up to 30,960 miles with $800 spend in first 2 months, Get up to 21,500 miles with $1K spend in the first month, Get up to 49,040 miles with $800 spend in first 2 months, Get 20,960 miles with $800 spend in first 1-2 months. New cardmembers will be credited up to 60,000 miles respectively in the form of DBS Points, within 90 to 120 days from the Card approval date. Not sure how many of them are actually millionaires right now *snickers*) we are here to help you. Apply now Sign up for DBS Vantage card to enjoy up to 60,000 miles Don't see the DBS Vantage Card when applying? Features and Benefits Switch flexibly between up to 2.2 miles per S$1 or 2.2% cashback Elevated perks with Expedia The bank acknowledges the passion, commitment, and can-do spirit of our 30,000+ staff representing over 40 nationalities. 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. 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. Apply for a DBS Vantage Card 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 Until 10th July 2023 See terms and conditions and save a copy for your future reference. If were looking at this on a recurring basis though, the Citi Prestige still offers the best deal- S$535 for 25,000 miles is paying 2.14 cents each. Men can apply too! 2,500. I hereby authorize DBS Bank to share and disclose any / all information pertaining to my Credit Card and its usage, etc., with statutory, governmental or regulatory authorities, DBS Banks subsidiaries/affiliates, Credit Information Companies/Rating Agencies, DBS Banks Services Providers, other banks/financial institution, or third parties for the purpose of verification, analysis, or for other related purposes that DBS Bank may deem fit. However, for DBS Banks Treasures Elite segment of customers, it comes at a price of INR 10,000 and for the Treasures segment, it is priced at INR 20,000. S$120,000 annual income requirement. New cardmembers refer to customers who are currently not holding any Principal DBS/POSB Credit Card and have not cancelled any DBS/POSB Credit Card(s) within the last 12 months. 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. I have gone through the list of restaurants that partner with them and most provide 10% to 20% discount. You can sign up for the DBS Vantage Card here. For more information, please visit:www.dbs.com/India. Thank you for supporting my site! The UOB Visa Infinite Metal Card uses the much-bigger DragonPass network, but caps you at a pathetic four visits per membership year. Free Samsonite Luggage with Travel Insurance or Xbox S or S$350 Cash for Citibank (2022) New Credit Card Holders in Singapore, Latest Credit Card Sign-up Bonuses & Promotions in Singapore (June 2022), Free Apple Watch SE or S$400 Cash or Dyson V8 Vacuum for Citibank (2022) New Credit Card Holders in Singapore, Best Hotel Buffet Promotions in Singapore (June 2022) Including Fathers Day Offerings, Kaiseki Yoshiyuki Exquisite Japanese Seasonal Menus at Forum Orchard, Hotel Review: The Andaman Langkawi Stunning Seaside Resort With a Coral Nursery & Fantastic Food, 1.5 mile per S$1 local spend / 2.2 miles per S$1 overseas spend, Ability to switch to cashback (2.2 miles = 2.2%), Accor Plus Explorer Membership (worth S$408), Dining privileges (through partnership with Dining City), 10 complimentary airport lounge visits per year with Priority Pass, One complimentary hotel night in Asia-Pacific in Accor hotels, Up to 50% dining in the restaurants of participating Accor hotels, Access to Red Hot Rooms sale (up to 50% off), Dining and accommodation discount vouchers. There is a minimum income requirement of S$120,000 per annum for the DBS Vantage Card and your income records with us may not be the latest. Guide: How to Get 4.65% P.A. 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. Free Priority Pass membership which gives 2 complimentary lounge vists a year (exclusive to Visa version only). About DBSDBS is a leading financial services group in Asia across 19 markets. More questions? The credit card market in Singapore isbroadly segmented into three tiers, which Ive illustrated below with helpful band descriptors. I understand that the Credit Card T&Cs are available on DBS Bank India Limited (DBS Bank) website at. That said, cardholders who dont intend to make use of the Accor membership can still get the minimum benefit by way of the free night hotel stay. The other DBS exclusive credit card is the DBS Insignia which is more geared towards high net worth individuals with a 500k per year income requirement. Quantity of points is one thing; quality is another. Until 30th June 2023 (11:59PM), DBS is giving an extra 35,000 miles (new cardholders) / 15,000 (existing cardholders) upon signing up after payment of the annual fee and spending S$4,000 within 30 days of receiving the card. This amount shall be billed to the monthly card statement on the date when the SnP EMI product is deemed to be availed as mentioned herein above and will be included as a part of the MAD. 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. In the event any of these declarations/statements supporting documents are found to be incorrect or false or fabricated or fake, DBS Bank shall have a right to terminate the credit card account. The JetQuay facility is dated, the food selection is poor, and although the service is excellent, theres no reason why you should choose it over an airport lounge. You can sign up here. For new cardholders (and provided you can spend S$4,000 in 30 days), this card is already worth getting. Click here to find out more and the next steps. Accordingly, conversion of such transaction into an Equated Monthly Instalment (EMI) scheme is prohibited. 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. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Hi, I'm B, a part-time wanderer and a travel blogger. However, these cards have spending caps while the DBS Vantage Card does not. Fail to hit that, and its a pathetic 1 mpd for everything! 249 and no maximum limit. and an annual fee of S$588.50. The first EMI amount will be billed in the immediate billing cycle and shall be included as a part of the MAD appearing in the Cardmember's monthly Credit Card Statement. DBS Bank shall also be authorized to upgrade my credit limits basis my consent on telephone, SMS or digital channels. The DBS Vantage and OCBC VOYAGE are the heaviest of the segment, tipping the scales at 10g. Its hard to believe in this day and age that processing a points conversion really costs S$25, but thats what youll pay unless you have an AMEX Platinum Reserve, Maybank Visa Infinite or OCBC VOYAGE. 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). Cardholders can earn an additional 10,000 bonus points on spends of INR 5,00,000 or 5,000 bonus points on spends of INR 3,00,000 in a calendar quarter. For SnP, the purchase amount will be reversed /credited to your credit card upon settlement & successful transaction conversion. The benefit can no longer be used for suites or villas, nor can it be used on any half-board stays. DBS Vantage Card holders get to visit Priority Pass lounges 10 times per year at no charge. That said, theres no cap on the maximum uses (yet- the US version is now capped at two free stays per year), and a potential deal-maker if your travel schedule allows you to use it. DBS Bank shall be entitled to demand immediate repayment of such outstanding amounts. Currently, only rates that appear on Expedia and non-member rates on the official website can be booked. Penang, Siem Reap) where Plaza Premium lounges are the only contract lounge option, leaving Priority Pass members high and dry. We are thus delighted to take our strong credit card partnership with DBS Bank further, with the DBS Vantage Card, powered by Visa. 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. In addition to the benefits above, some $120K cards have unique perks which are well worth discussing. for upgrading my Credit Cards credit limits (if eligible). Heres a quick snapshot of whats changed since the previous $120K showdown in May 2021. I understand and acknowledge that DBS Bank shall have the absolute discretion, without assigning any reason (unless required by applicable law), to reject me/ our application and that DBS Bank shall not be responsible / liable in any manner whatsoever to me/ us for such rejection or any delay in notifying me/us of such rejection, any costs, losses, damages or expenses, or other consequences, caused by reason of such rejection, or any delay in notifying me of such rejection of my application. After receiving the card, take advantage of the 4 miles per S$1 benefit and use this card for the relatively generous 1.5 miles (local)/2.2 miles (overseas) per S$1 for general spends (during situations PayWave transactions might disqualify you from getting bonus miles from other cards). 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. Whats more, a sign-up bonus of up to 80,000 miles awaits those who hop on board by 27 June 2022, offering excellent value to early adopters. In addition to this, theres also Chillax, which gives 1-for-1 drinks at selected bars islandwide.
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