DBS Vantage Card offering 80,000 miles sign-up bonus

DBS has launched a new sign-up offer for the DBS Vantage Card, which matches the excellent promotion we saw back in April. 

New customers who spend S$5,000 within 30 days of approval and pay the first year’s S$594 annual fee will receive 80,000 bonus miles, while existing customers will receive 60,000 bonus miles for meeting the same criteria.

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Offer ends 6 Jun 23. Min. spend of S$5,000 within 30 days of approval required. Apply with promo code  FLASHVTG

This is even better than the offer we saw when the Vantage first launched in June 2022, which  required a minimum spend of S$8,000 for the same bonus! 

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 10 May to 6 June 2023, new DBS Vantage Cardholders who spend S$5,000 within 30 days of approval and pay the first year’s S$594 annual fee will receive the following:

New customers will receive 80,000 miles, while those who already hold other DBS/POSB cards will receive 60,000 miles. 

Do remember the “real” bonus is 55,000/35,000 miles for new/existing customers, since cardholders receive 25,000 miles for paying the annual fee every year anyway. 

This bonus is on top of whatever base miles you normally earn with the DBS Vantage, so you’re looking at at least 87,500 miles (new) or 67,500 miles (existing) in total, based on S$5,000 spent locally at 1.5 mpd. 

You must enter the promo code  FLASHVTG  when applying, and all applications must be approved by 20 June 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 later via this link.

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

• New customer: 0.74 cents (S$594/80,000 miles)
• Existing customer: 0.99 cents (S$594/60,000 miles)

Is this a good deal?

Back when the DBS Vantage Card first launched, the sign-up offer was: 

• New customers: 80,000 bonus miles with S$8,000 spend in 60 days
• Existing customers: 60,000 bonus miles with S$8,000 spend in 60 days

The current FLASHVTG offer keeps the same bonuses, but cuts the minimum spend to S$5,000 in 30 days. 

For the sake of completeness, I should mention that you can also apply with the code  VANMILES and get 60,000 bonus miles with S$4,000 spend in 30 days (valid till 30 June 2023), but when you do the math the FLASHVTG offer is much better. 

What counts as qualifying spend?

Cardholders are required to spend at least S$5,000 within 30 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 35,000 miles (existing) or 55,000 miles (new) will be credited within 90-120 days from the date of fulfilling the qualifying spend (in the form of 17,500/27,500 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
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 (which can be used by the main cardholder or his/her guests)
• 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

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 is running an enhanced sign-up offer of up to 80,000 bonus miles with S$5,000 spend in 30 days, valid for applications submitted by 6 June 2023 and approved by 20 June 2023 with the code FLASHVTG.

The minimum spend requirement is now 38% lower than the launch offer, though in fairness you also have half the time to meet it. Assuming that’s not an issue, then this would be a good opportunity to hop onboard.