Back in June 2022 DBS launched the new Vantage credit card, its first foray into the S$120k income segment, with an attractive sign-up bonus worth up to 80,000 miles for new-to-bank applicants, provided you made a minimum spend of S$8,000 in the first 60 days.
If you missed out on that top offer, which later became a 60,000 miles deal, there’s good news with the bank bringing back the 80,000 bonus miles deal for applications over the next five days.
Existing DBS cardholders also benefit from a 50,000 miles deal during this period.
Up to 80,000 miles sign-up bonus
The new flash sign-up offer for the DBS Vantage Visa Infinite Card is worth up to 80,000 miles if you apply between 13th March 2023 and 17th March 2023, and spend S$8,000 in the first 60 days of card membership. It is subject to payment of the (non-waivable) annual fee of S$594.
You must enter the promo code ‘VTGFLASH’ when you apply, and your card must be approved by 31st March 2023, in order to qualify.
The bonus miles structure is outlined in the following table, based on whether you are an existing DBS / POSB primary cardholder or not.
|New to DBS/POSB||Existing DBS/POSB|
|Payment of Annual Fee||25,000 miles||25,000 miles|
|Meet S$8,000 Spend Criteria||55,000 miles||25,000 miles|
|Total award||80,000 miles||50,000 miles|
DBS defines ‘new-to-bank’ customers as those who:
- do not currently hold any principal DBS/POSB credit card; and
- have not cancelled any principal DBS/POSB credit card(s) within the last 12 months.
If you are a supplementary DBS/POSB cardholder, but not a primary cardholder on any such account, you will qualify as a new-to-bank customer.
If you don’t think you can hit the S$8,000 spend with this flash deal, remember the DBS Vantage Card is offering a lower bonus of 60,000 miles for new to DBS cardholders for a lower S$4,000 spend in the first 30 days. There’s no rush to commit with this one – it’s running until the end of June 2023.
Regular earn rates are in addition
These bonus miles will be awarded in addition to the regular miles you will accrue anyway to meet the S$8,000 spend as part of the sign-up bonus.
Your total earning (including the sign-up bonus) during this promotion, will be at least 62,000 miles as an existing customer or 92,000 miles as a new customer, assuming local spend.
Total promotion earning
|New to DBS/POSB||Existing DBS/POSB|
|Sign-up bonus||80,000 miles||50,000 miles|
|Miles for S$8,000 local spend
|12,000 miles||12,000 miles|
|Total||92,000 miles||62,000 miles|
You’ll do even better than this by tapping into the card’s 2.2 mpd overseas earn rate during the first 60 days of card membership.
For example as a new-to-bank cardholder with S$2,000 of local retail spend and S$6,000 of FCY retail spend in the first 30 days, you’re looking at 16,200 miles for the spend itself, for a grand total of 96,200 miles.
That’s enough for a saver First Class or Suites award from Singapore to Sydney or Melbourne.
Cost per mile
Here’s how the cost per mile stacks up for simply signing up for the card (no spend requirement), or for meeting the S$8,000 spend requirement in the first 60 days as either an existing or new DBS credit card customer.
Cost per mile
|Total bonus||Cost per mile|
|Annual fee only
(no spend requirement)
|25,000 miles||2.38 cents|
|With S$8,000 spend
(existing DBS cardholder)
|50,000 miles||1.19 cents|
|With S$8,000 spend
|80,000 miles||0.74 cents|
This is based on payment of the (non-waivable) first year annual fee of S$594.
It’s clearly not worth signing up for this card if you aren’t going to participate in the bonus miles for S$8,000+ spend promotion, since the 25,000 miles you’ll receive for payment of the annual fee means buying miles at 2.38 cents each (assuming you don’t place any value on the other perks).
With the bonus miles in play, however, it’s worth it in our book if you’re a new DBS customer, buying 80,000 miles at 0.74 cents each.
For existing DBS or POSB credit card holders, it’s still a good deal with a cost per mile of 1.19 cents each, and remember you’ll probably be placing some value on the card’s other perks too.
When the bonus miles are credited
The first tranche of 12,500 DBS Points, which transfer into 25,000 frequent flyer miles like KrisFlyer, will be credited as soon as your annual fee is charged.
The bonus, equivalent to an extra 55,000 miles for new-to-bank cardholders or an extra 25,000 miles for existing DBS credit card customers, will be credited within 120 to 150 days of your card approval date, provided you met the spend criteria.
For example, if your card is approved on 15th March 2023, the bonus miles will be credited by 12th August 2023, if you hit the S$8,000+ spend in the first 60 days.
DBS is excluding transactions which fall under its usual list of excluded spend categories when it comes to qualifying spend for the S$8,000 minimum within 60 days to trigger the bonus miles, as shown below (click to expand).
Annual fee bonus
If you keep the DBS Vantage Card into your second card membership year and beyond, do note that a 25,000 miles bonus is credited each year on payment of the annual fee of S$594 (cost per mile 2.38 cents).
The annual fee is waived if your retail spend in the previous card membership year was S$60,000+, however in this case the 25,000 bonus miles will not be awarded.
You can transfer DBS Points into Singapore Airlines KrisFlyer, Cathay Pacific Asia Miles and Qantas Frequent Flyer Points.
The minimum volume of miles you can transfer into KrisFlyer is 10,000 (i.e. 5,000 DBS Points). Thereafter they must then be transferred in blocks of 10,000 miles.
The same earning rate, transfer cost, and minimum transfer ‘blocks’ apply if you choose to credit to Asia Miles or Qantas.
You can also transfer your DBS Points to Air Asia BIG Points, here 500 DBS Points will transfer into 1,500 BIG Points (a 3:1 ratio), though it won’t be much interest to our readers – BIG Points are worth only about $0.0034 each (0.34 cents), or about a fifth of the value of a KrisFlyer mile / Asia Mile.
It’ll cost $27 (including GST) each time you transfer DBS Points to frequent flyer miles, regardless of the total quantity.
DBS Points to miles transfers take between 5 and 10 working days according to the bank, but in our experience when converting to both KrisFlyer and Asia Miles you’ll see the miles in your account within 2 days.
Card details and benefits
Here’s a summary of the DBS Vantage card benefits, including 10 Priority Pass lounge visits and a free hotel night perk each year (click to expand).
DBS Vantage cardholders will earn 3.75 DBS Points (7.5 miles) for every S$5 in local currency spend, and 5.5 DBS Points (11 miles) for every S$5 equivalent on foreign currency transactions. That works out as:
With an FCY fee of 3.25%, earning 2.2 mpd on overseas transactions is the equivalent of buying miles for around 1.56 cents each, compared to using cash, including a 0.3% 'spread' over money changer rates.
DBS Vantage cardholders can earn 6 mpd on the first S$5,000 spend each calendar month on flight tickets or hotel stays booked on Expedia, at participating hotel and airline partners.
Bookings must be made through the dedicated microsite at www.expedia.com.sg/dbsmiles.
Bookings can be made for any future travel date, but must be charged to your DBS Vantage card by 31st March 2023.
Eligible hotel bookings are those where you make payment to Expedia at the time of booking (not applicable if you choose a rate to pay later at the hotel).
Eligible flight bookings are those made with one of the following airlines:
Obviously some popular carriers including Singapore Airlines are missing from the list, but there are still potentially some useful options including Thai Airways, Finnair, Turkish Airlines and Qatar Airways.
Package bookings comprising an eligible hotel and an eligible flight, as defined individually above, booked in a single transaction on the dedicated microsite, will also be eligible.
DBS Vantage cardholders will benefit from a Priority Pass membership, entitling them to 10 free lounge visits per year. Access is then charged at US$32 (~S$45) per visit thereafter.
While this is a decent number of lounge visits, unfortunately it falls short of the unlimited Priority Pass benefit you get with cards like the Citi Prestige.
Nonetheless with travel very much back on the agenda there's some value to be had here, even if it does only cover a couple of trips when travelling with your partner.
DBS Vantage cardholders also get a complimentary Accor Plus Explorer membership, which usually costs S$418 per year.
The benefits include:
Perhaps best of all though, the membership also gives you one complimentary night at an Accor property in the Asia-Pacific region each year.
Before you get too excited, do note that there are specific property and whole brand exclusions (see here), so this isn’t a free night at Raffles or anything like that!
While the free night is the biggest draw here, Accor Silver status also gives you a complimentary welcome drink and late checkout benefits for all stays, which can come in handy if you frequent Accor properties.
As many of you will know, some DBS Points expire, and some don't.
For example, if you accrue points on the DBS Altitude card they never expire, but those you pick up on the DBS Woman's card expire on an annual basis.
The DBS Vantage Card has its own expiry policy:
* Up to 36 months from the date the card account is opened
Once you transfer DBS Points into KrisFlyer, miles are valid for 3 years from the month of deposit.
For DBS to Asia Miles or Qantas transfers, miles will then be valid for 18 months, but any earning or redemption activity keeps all your miles alive for a further 18 months.
Terms and conditions
Here’s the full set of terms and conditions for the DBS Vantage Card, and for the latest 80,000 miles flash sign-up bonus promotion:
If you missed out on the 80,000 miles sign-up offer for the DBS Vantage Card in 2022, the deal is back for applications made over the next five days and approved by the end of this month.
S$8,000 spend in 60 days is a big ask for many people, but if you can manage it then this large tranche of bonus miles is a very useful stash to pick up at a fantastic cost of 0.74 cents each.
Remember you’ll need to apply by Friday 17th March 2023 to take advantage of the sign-up bonus, and be sure to use promo code ‘VTGFLASH’ on the application form to qualify.
If you don’t think you can hit the spend with this flash deal, remember the DBS Vantage Card is offering a lower bonus of 60,000 miles for new to DBS cardholders for a lower S$4,000 spend in the first 30 days. There’s no rush to commit with this one – it’s running until the end of June 2023.
(Cover Photo: Shutterstock)