DBS has launched a new sign-up offer for the DBS Vantage Card, which offers up to 60,000 bonus miles with a minimum spend of S$4,000 within 30 days of approval.
|Spend||Miles||Miles per S$1|
(23-27 Jun 22)
(28 Jun 22-31 Jan 23)
DBS Vantage 60,000 miles sign-up bonus
|Sign-Up Bonus T&Cs|
|Income Req.||Annual Fee||FCY Fee|
|Local Earn||FCY Earn||Miles with AF|
|1.5 mpd||2.2 mpd||25,000 miles|
Applicants for the DBS Vantage Card who apply by 31 January 2024, spend S$4,000 within 30 days of approval and pay the first year’s S$594 annual fee will receive the following:
|Pay S$594 annual fee||25,000 miles||25,000 miles|
|Spend S$4,000 within 30 days||35,000 miles||15,000 miles|
|Total||60,000 miles||40,000 miles|
|❓ “New-to-bank” Definition|
|New-to-bank cardmembers are defined as customers who are currently not holding on to any principal DBS/POSB Credit Card and have not cancelled any principal DBS/POSB Credit Card within the last 12 months. |
This bonus is on top of whatever base miles you normally earn with the DBS Vantage. Assuming you spend the full S$4,000 on local spend, you’ll receive an additional 6,000 base miles (S$4,000 @ 1.5 mpd).
What counts as qualifying spend?
Cardholders are required to spend S$4,000 within 30 days of approval.
Qualifying spend includes both local and foreign retail sales and posted recurring bill payments, excluding the following:
|⚠️ Excluded transactions|
|a. posted 0% Interest Instalment Payment Plan monthly transactions;|
b. posted My Preferred Payment Plan monthly transactions;
c. 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;
d. payments to educational institutions;
e. payments to financial institutions (including banks, online trading platforms and brokerages);
f. payments to government institutions and services (court cases, fines, bail and bonds, tax payment, postal services, parking lots and garages, intra-government purchases and any other government services not classified here);
g. payments to hospitals;
h. payments to insurance companies (sales, underwriting and premiums);
i. payments to non-profit organisations;
j. payments to utility bill companies;
k. payments to professional service providers (including but not limited to accounting, auditing, bookkeeping services, advertising services, funeral service and legal services and attorneys);
i. any top-ups or payment of funds to payment service providers, any prepaid accounts or purchase of prepaid cards/credits (including but not limited to EZ-Link, GrabPay, NETS FlashPay, Transit Link, Razer Pay, ShopeePay, Singtel Dash, AMAZE*);
m. any betting transactions (including levy payments to local casinos, lottery tickets, casino gaming chips, off-track betting and wagers);
n. any transactions related to crypto currencies;
o. payments made to CardUp, FavePay, iPaymy and SmoovPay are also subject to the exclusions listed in Clauses 9 (a) to 9 (o) above; and
p. any other transactions determined by DBS from time to time
DBS has previously clarified that only rental transactions made via CardUp will count towards the sign-up bonus; all other CardUp payments will not count (though they will still earn the base rate of 1.5 mpd).
For the avoidance of doubt, supplementary and principal cardholder spending will pool when calculating whether the minimum qualifying spend has been met.
When will the miles be credited?
The 25,000 miles for paying the S$594 annual fee will be awarded immediately (in the form of 12,500 DBS points) when the annual fee is charged.
The 35,000 miles for the sign-up bonus will be credited within 90-120 days from the date of fulfilling the qualifying spend (in the form of 17,500 DBS points).
What can you do with DBS Points?
DBS Points earned on the DBS Vantage expire in three years, and can be converted to any of the following frequent flyer programmes with a S$27 admin fee.
|Frequent Flyer Programme||Conversion Ratio |
(DBS Points: Miles)
Overview: DBS Vantage Card
|Income Req.||S$120,000 p.a.||Points Validity||3 years|
|Annual Fee||S$594||Min. |
|5,000 DBS Points|
|Miles with |
|FCY Fee||3.25%||Transfer Fee||S$27|
|Local Earn||1.5 mpd||Points Pool?||Yes|
|FCY Earn||2.2 mpd||Lounge Access?||Yes: 10x Priority Pass|
|Special Earn||6 mpd on Expedia||Airport Limo?||No|
|Cardholder Terms and Conditions|
The DBS Vantage Card offers 1.5 mpd on local spend and 2.2 mpd on FCY spend. Unfortunately, the DBS Vantage Card no longer offers 4 mpd on dining and petrol spend, ever since 1 January 2023.
Cardholders enjoy benefits such as:
- A Priority Pass membership with 10 free lounge visits per year
- Accor Plus Explorer membership with Accor Silver status, up to 50% off dining and one complimentary hotel night at selected Asia Pacific hotels
- Dining discounts via Dining City
- 6 mpd on Expedia flight and hotel bookings
While the card’s annual fee cannot be waived in the first year, it will be waived subsequently when you spend at least S$60,000 in a membership year. 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.
DBS Vantage Cardholders can enjoy a 60,000 miles sign-up bonus when they spend S$4,000 within 30 days of approval. Together with the complimentary lounge visits and Accor Plus Explorer membership, this makes for a lucrative first year.
Don’t forget to read my full review of the DBS Vantage Card, and apply by 31 January 2024.