DBS Vantage Card Review

The new DBS Vantage Card is a premium credit card that comes with a very elevated annual fee, of S$588,50.

However, this service offers many benefits! You will discover all of them in this post!

Features and Benefits

Local SpendEarn 1.5 miles per S$1 or 1.5% cashback
Overseas SpendEarn 2.2 miles per S$1 or 2.2% cashback
Dining and Petrol SpendEarn 4 miles per S$1 or 4% cashback

*4 miles per dollar or 4% cashback on Dining and Petrol spend is capped at S$2,000 spend per calendar month and valid till 31 December 2022.

Remember that the miles/cashback are awarded as DBS Points, which are redeemed for every S$5 spent (1 DBS Point = 2 miles or S$0.02 cashback).

These points, however, can not be used for the following transactions:

  • Amaze transactions,
  • Charitable donations,
  • Education,
  • Government institutions and services,
  • Hospitals,
  • Insurances,
  • Top-ups of prepaid accounts e.g. GrabPay and YouTrip,
  • Utility bills.

You must not forget that the DBS’ are valid for only 3 years!

Other features of this card are:

  • Switch flexibly between miles and cashback,
  • Complimentary Accor Plus Explorer Membership,
  • Members-only dining privileges,
  • Personal 24/7 Visa concierge,
  • Complimentary Digital Priority Pass™ Membership.

Eligibility Criteria

To apply for this card, you need to consider the following conditions:

  • You are 21 old or above,
  • You have a S$120,000 and above income per year.

To start your application process, click here.

What are the taxes and fees?

Take a look at the main charges:

Annual FeeS$588.50 (Principal Card)Free (Supplementary Card)
12,500 DBS Points (25,000 miles) will be awarded after the Annual Fee is charged every year.
Annual Fee WaiverWhile the Annual Fee is strictly non-waivable for the first year, you will enjoy a waiver in the subsequent years if a minimum of S$60,000 worth of retail spend is made in the preceding Card Year.Please note that the 12,500 DBS Points (25,000 miles) will not be awarded if the Annual Fee is waived.^ Card Year refers to the 12 months starting from the date the Card application was approved by DBS.
Late feeS$100 (For outstanding balance above S$200)
Finance Charges26.80% p.a. chargeable on daily basis (subject to compounding)