DBS has launched the Vantage Card as its try into the mass prosperous earnings playing cards phase. The opposite DBS “unique” bank card is the DBS Insignia which is extra geared in direction of excessive web price people with a 500k per 12 months earnings requirement. The brand new DBS Vantage Visa Infinite Card requires a lot much less – 120k annual earnings.
As with different bank cards for the prosperous such because the Citi Status or the UOB Visa Infinite, the DBS Vantage Visa Infinite Card comes with a bunch of advantages. In abstract these are:
- 1.5 mile per S$1 native spend / 2.2 miles per S$1 abroad spend
- Means to change to cashback (2.2 miles = 2.2%)
- Accor Plus Explorer Membership (price S$408)
- Eating privileges (by partnership with Eating Metropolis)
- 10 complimentary airport lounge visits per 12 months with Precedence Cross
- Visa concierge
The DBS Vantage Card additionally usually comes with a sign-up bonus of 25,000 miles relevant for each new-to-DBS and current DBS cardholders with each cost of the S$5894 annual payment. Till thirtieth June 2023 (11:59PM), DBS is giving an additional 35,000 miles (new cardholders) / 15,000 (current cardholders) upon signing up after cost of the annual payment and spending S$4,000 inside 30 days of receiving the cardboard. This provides as much as 60,000 / 40,000 miles. You’ll be able to join right here.
You can too examine the newest bank card sign-up promotions from different banks right here
Let’s take a more in-depth have a look at the advantages:
Miles Earn Price
The miles earn price of 1.5 miles per S$1 on native spend / 2.2 miles per S$1 on abroad spend (equal to 1.5% and a pair of.2% cashback) may be very aggressive in case you pit it in opposition to different normal spending playing cards (whether or not focused to the prosperous or not). The one one I do know that’s larger for normal spends is the UOB Absolute AMEX which supplies 1.7% cashback for all spend. For a VISA/Mastercard, the DBS Vantage Card is difficult to prime.
That being mentioned, with regards to native spends, one can virtually PayWave most transactions which suggests you might be higher off paying with the likes of the HSBC Revolution Card or the UOB PPV and earn 4 miles per S$1 within the course of. Nonetheless, these playing cards have spending caps whereas the DBS Vantage Card doesn’t. That is helpful for big transactions.
Accor Plus Explorer Membership
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The DBS Vantage Card comes with free Accor Plus Explorer membership (price S$418). This membership comes with a bunch of different advantages:
- One complimentary lodge evening in Asia-Pacific in Accor motels
- As much as 50% eating within the eating places of taking part Accor motels
- 10% off greatest obtainable price
- 15% off drinks
- Accor Reside Limitless Silver standing
- Entry to Crimson Sizzling Rooms sale (as much as 50% off)
- Member unique experiences
- Eating and lodging low cost vouchers
Do word that Accor Reside Limitless Silver members get further advantages corresponding to late check-out and welcome drink. Total, the Accor Plus Explorer is an effective add-on to have though I’d not regard it as the highest cause to get the cardboard except you keep loads in Accor properties or dine of their eating places. That mentioned, cardholders who don’t intend to make full use of the Accor membership can nonetheless get the minimal utility from this profit by the use of the free evening lodge keep.
Eating Privileges
In response to the DBS web site, the cardboard is meant to offer simpler entry to Michelin-awarded eating places which are sometimes exhausting to e book. Reductions of as much as 50% are additionally presupposed to be supplied. I’ve gone by the record of eating places that accomplice with them and most present 10% to twenty% low cost.
Precedence Cross Membership (1o Free Visits / Yr)
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DBS Vantage Card holders get to go to Precedence Cross lounges 10 instances per 12 months at no cost. That is comparably lower than what different premium bank cards supply. Citi Status, Maybank Visa Infinite and HSBC Visa Infinite all give limitless visits per 12 months so this card falls fairly quick on this side. Frequent vacationers or those that journey with households may see this as a sticking level.
Must you get the DBS Vantage Card?
Should you stack up all the advantages of the DBS Vantage Card, there isn’t a query that you can be getting way more than the S$594 that you’re paying for, particularly with the 60,000 miles supply working till thirtieth June 2023 (11:59PM). This equates to a price of simply S$0.0099 per mile for brand spanking new cardholders or S$0.01485 for current ones. For brand spanking new cardholders (and offered you may spend S$4,000 in 30 days), this card is already price getting. For current DBS cardholders nonetheless, the S$0.01485 per mile value remains to be first rate sufficient however pales as compared with the Citi Status supply which requires a barely decrease annual payment cost of S$540 for 48,000 sign-up bonus miles. The Citi Status supply additionally requires a a lot decrease spend of simply S$800 over the primary 2 months to qualify.
| Issuing Card Firm | Supply For brand spanking new-to-bank cardholders | Supply for current financial institution cardholders | Different Factors |
|---|---|---|---|
| DBS Vantage Card | 60,000 miles (S$0.0099 per mile) |
40,000 miles (S$0.01485 per mile) |
Accor Plus Explorer (price S$418) 10 Precedence Cross Lounge Visits As much as 2.2 miles per S$1 spend (abroad) |
| Citi Status | 48,000 miles (S$0.01125 per mile) |
48,000 miles (S$0.01125 per mile) |
Limitless Precedence Cross Entry As much as 2 miles per S$1 spend (abroad spend) |
Do word the bonus miles present for the majority of the sign-up worth for this card. In case you are after the lounge entry, the Citi Status is best off for a barely decrease annual payment. As for the Accor Plus Explorer membership, I do word that it’s price S$418 and it’s good to have however I’d rank this as a secondary profit. This profit will bode properly for many who like staying in Accor motels or eating of their eating places. That mentioned, cardholders who don’t intend to utilize the Accor membership can nonetheless get the minimal profit by the use of the free evening lodge keep.
In conclusion, the principle method I’d counsel is to sign-up for this card whereas the promotion is working for 60,000 bonus miles for new-to-DBS cardholders. After receiving the cardboard, benefit from the 4 miles per S$1 profit and use this card for the comparatively beneficiant 1.5 miles (native)/2.2 miles (abroad) per S$1 for normal spends (throughout conditions PayWave transactions may disqualify you from getting bonus miles from different playing cards).
Tips on how to Apply
You’ll be able to join the DBS Vantage Card right here.
When you’ve got DBS On-line Banking, you may simply apply for the cardboard there. Do word that your earnings data have to be up to date to mirror at the least S$120,000 per 12 months. You’ll be able to simply accomplish that by importing new earnings paperwork.
