Flash deal: DBS Vantage offering 80,000 miles sign-up bonus

Back in June 2022, the DBS Vantage Card launched with an 80,000 miles sign-up offer, marking DBS’s entry into the $120K card segment. That offer only lasted for a mere five days before it was cut to 60,000 miles, where it’s stood ever since.

DBS has now launched a new flash deal that runs till 17 March 2023, which brings back the original launch offer of up to 80,000 miles for new-to-bank customer. Existing DBS cardholders can enjoy a smaller bonus of 50,000 miles instead.

DBS Vantage Flash Deal

DBS Vantage Card
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Card T&Cs
Flash Deal T&Cs
Income Req.	Annual Fee	FCY Fee
S$120,000	S$594	3.25%
Local Earn	FCY Earn	Miles with AF
1.5 mpd	2.2 mpd	25,000 miles

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. 

This bonus is on top of whatever base miles you normally earn with the DBS Vantage, so you’re looking at at least 92,000 miles (new) or 62,000 miles (existing) in total, based on S$8,000 spent locally at 1.5 mpd. 

You must enter the promo code VTGFLASH when applying, and all applications must be approved by 31 March 2023. The promo code field can be found towards the bottom of the application page, under the “DBS Marketing & Promotions Materials” section. 

If you forget to enter the code, you can do so via this link (currently not working- so you may need to contact customer service).

Given the annual fee of S$594, the cost per mile is:

• New customer: 0.74 cents (S$594/80,000 miles)
• Existing customer: 1.19 cents (S$594/50,000 miles)

Is this a good deal?

If you’re an existing DBS cardholder, then this is as good as it gets, since DBS is not running any other Vantage sign-up offers.

However, if you’re a new-to-bank customer, you should be aware that there’s an alternative offer that runs until 30 June 2023, where you can get 60,000 miles with S$4,000 spend in 30 days. 

While this is a smaller number of miles, it does represent a better return on a spend to miles basis. 

If you’re interested in the alternate offer, then enter the code VANMILES during the application process. 

What counts as qualifying spend?

Cardholders are required to spend at least S$8,000 within 60 days of approval.

Qualifying spend includes both local and foreign retail sales and posted recurring bill payments, excluding the following:

DBS has previously clarified that only rental transactions made via CardUp will count towards the sign-up bonus; all other 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 bonus of 25,000 miles (existing) or 55,000 miles (new) will be credited within 120-150 days from the date of fulfilling the qualifying spend (in the form of 12,500/27,500 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)
	5,000: 10,000
	5,000: 10,000
	5,000: 10,000
	500: 1,500

Terms & Conditions

The full T&Cs for this flash deal can be found here.

Overview: DBS Vantage Card

Apply Here
Income Req.	S$120,000 p.a.	Points Validity	3 years
Annual Fee	S$594	Min. Transfer	5,000 DBS Points (10,000 miles)
Miles with Annual Fee	25,000	Transfer Partners	SIA Cathay Pacific Qantas Air Asia
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. 

Conclusion

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.

However, if you’re not confident of hitting the S$8,000 minimum spend, you should consider applying for the alternative offer of 60,000 miles with S$4,000 spend in 30 days, valid for applications submitted by 30 June 2023 and approved by 14 July 2023 with the code VANMILES.