DBS Vantage Visa Infinite Card
Miles or Cashback – you decide
Miles or Cashback – you decide

DBS Vantage Visa Infinite Card

DBS Vantage Card is one of the credit cards in Singapore with a high earn rate for both local and overseas spend, with the flexibility to switch between miles and cashback, along with benefits such as dining and travel privileges catered for both locally and abroad.
S$1 = 1.5 miles or 1.5% cashback
Local Spend
S$1 = 2.2 miles or 2.2% cashback
Overseas Spend
25,000 Bonus Miles
when you pay the Card's Annual Fee

Card Details

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DBS Vantage Card Benefits

From personal finance to commercial and private banking, DBS has been providing financial services for clients for over 50 decades including a great selection of credit cards.

Ever since the DBS Vantage Card was launched in 2022, it has grown to be one of their best cards with the flexibility to switch between miles and cashback. If you’re considering a card with such features, lete’s take a closerlook at the requirements, pros and cons and other relevant details of the DBS Vantage Card before getting your hands on this card.

Pros & Cons

Pros

  • 2.2 miles per S$1 or 2.2% cashback for foreign currency spending
  • 1.5 miles per S$1 or 1.5% cashback for local spending
  • Complimentary Accor Plus Explorer membership with 1 free hotel night stay
  • Complimentary Digital Priority Pass™ Membership and 10 free lounge visits within each 12-month period of your membership to over 1,300 airport lounges worldwide
  • Members-only dining privileges at fine dining restaurants, including Michelin-awarded ones

Cons

  • High annual fee of $599.50 (no waiver unless you spend a minimum of S$60,000 in the preceding Card year, on retail category)
  • Interest rate of 27.80%, which is higher than other miles and rewards credit cards in the market
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Compare DBS Vantage Card vs. SCB Smart Credit Card vs. HSBC Visa Infinite Credit Card

The DBS Vantage Card is just one of the many cards out there that are good for miles and cash back perks. There are also others like the SCB Smart Credit Card and HSBC Visa Infinite Credit Card which are among the many cash back credit card options you would have come across on MoneySmart’s online credit card comparison wizard. We’ll be comparing these 3 credit cards to find out more about their different requirements and benefits.

The DBS Vantage Card is more reserved in its cashback benefits. Although the Standard Chartered Smart credit card gives you the most amount of cash back on your spending, it is lacking in the air miles benefits aspect as compared to the DBS Vantage Card and HSBC Visa Infinite Credit Card.

In terms of interest rates, the DBS Vantage Card offers a pretty reasonable rate of 27.80% which is slightly lower than the SCB Smart Credit Card’s maximum rate, but higher than Standard Chartered Smart Credit Card’s lowest option of 23.90% (subject to the bank’s assessment of your credit profile).

In a nutshell, the DBS Vantage Card is suitable for you if you can maximise the benefits for this card including the ability to earn up to 2.2% cashback or 2.2 miles per $1 spent (overseas), be rewarded with up to 85,000 miles, priority pass at airport lounges, complimentary stay at your preferred Accor hotel brands like Fairmont, Sofitel, and more.

DBS Vantage CardSCB Smart Credit CardHSBC Visa Infinite Credit Card
DBS Vantage CardInterest rate:
27.80%		SCB Smart Credit CardInterest rate:
23.90% to 29.90%		HSBC Visa Infinite Credit CardInterest rate:
From 26.90%
DBS Vantage CardAnnual fee:
$599.50		SCB Smart Credit CardAnnual fee:
None		HSBC Visa Infinite Credit CardAnnual fee:
$662.15 (no waiver available)
DBS Vantage CardMinimum Annual Income:
  • $120,000 for Singaporeans and PRs
  • $120,000 for foreigners
SCB Smart Credit CardMinimum Annual Income:
  • $30,000 for Singaporeans and PRs
  • $60,000 for foreigners
HSBC Visa Infinite Credit CardMinimum Annual Income:
  • $120,000 for Singaporeans and PRs
  • $120,000 for foreigners
DBS Vantage CardAir miles/Cash back benefits:
  • 2.2 miles per S$1 or 2.2% cashback for foreign currency spending
  • 1.5 miles per S$1 or 1.5% cashback for local spending
  • Complimentary Accor Plus Explorer membership with 1 free hotel night stay
  • Complimentary Digital Priority Pass™ Membership and 10 free lounge visits within each 12-month period of your membership to over 1,300 airport lounges worldwide
  • No supplementary card annual fee
SCB Smart Credit CardAir miles/Cash back benefits:
  • 6% cashback on your everyday spend at selected merchants across fast food dining, coffee and toast, digital subscriptions and transportation
  • For every $1 spent you’ll be rewarded with 1 Standard Chartered 360° Rewards Point; 1 360° Rewards Point is equivalent to about 4.4 KrisFlyer miles after being converted. However, this is just an example, the amount of miles awarded will vary according to which Airline Partner you choose
  • No minimum spend requirement
  • Access to Standard Chartered’s The Good Life Program which includes exclusive dining and shopping discount privileges at over 3,000 outlets in Asia
  • Complimentary travel medical insurance of up to S$500,000
  • Up to 23.4% fuel savings at Caltex
HSBC Visa Infinite Credit CardAir miles/Cash back benefits:
  • Up to 2.25 miles for every S$1 spent oversea
  • No cap on miles/points earned
  • Up to 1.25 miles for every S$1 spent locally
  • Ease of converting earned Reward points to cash credits via “Pay with Points”
  • Complimentary green fees and worldwide golfers' insurance of up to S$500,000
  • Complimentary travel insurance
  • Unlimited airport lounge visits, complimentary limousine transfers, expedited immigration clearance and dedicated concierge service

Credit Card With Complimentary Travel Insurance Coverage

Many credit cards offer complimentary travel insurance, providing a safety net for your journeys. While benefits can vary widely between card issuers like Citi, AMEX, UOB, DCS, DBS Altitude, and CIMB, common coverages include:

  • Purchase protection: Coverage for items purchased with your card and in the form of e-commerce coverage.
  • Medical emergencies: Coverage for medical expenses incurred while travelling.
  • Trip disruptions: Assistance with costs if your trip is cancelled or interrupted.
  • Travel delays: Compensation for unexpected delays during your journey.
  • Lost or Delayed luggage: Reimbursement for essential items if your baggage goes missing.
  • Rental car coverage: Protection against damages or theft to your rental vehicle.
  • Accidental coverage: Protection against unforeseen accidents during your trip.

Discover More About Credit Cards With Complimentary Travel Insurance

Read More

DBS Vantage Card Application

Here are 3 simple steps to apply for the DBS Vantage Card

Step 1

Apply via MoneySmart’s Credit Cards page

You may begin your application by clicking on our DBS Vantage Card application link.


When you choose to apply online via DBS’ website using SingPass MyInfo, DBS will pull your identity and income data from SingPass (which is already verified), thus reducing the processing time. The approval-in-principle page will appear within minutes of submitting your MyInfo.

Step 2

Provide all documentation required

You'll need to provide all the necessary documentation in order for DBS to approve your credit card application. This list of documents include:

  • NRIC or other identification details
  • Latest 3 months' computerised payslip
  • Latest 12 months' CPF Contribution History Statement
  • Latest Income Tax Notice of Assessment (NOA), only applicable to new cardholder applicants who are self-employed or foreigners on a valid work pass
Step 3

Receive your DBS Vantage Card

You’ll be able to activate your DBS Vantage through the DBS Digibank Mobile App and create your 6-digit Unlock Code to secure your credit card transactions.

Frequently Asked Questions

Are there any fees if I apply for the DBS Vantage Card?

The DBS Vantage Card charges a non-waivable $599.50 annual fee, plus other fees like cash withdrawal fees or cash advance transaction fees, late payment fee, minimum monthly payment, foreign currency transaction fee, and overlimit fee.

Am I eligible for the DBS Vantage Card?

If you’re a Singapore Citizen, Permanent Resident (PR) or foreigner with a valid Singapore Employment Pass, you’re eligible to apply for the DBS Vantage Card, as long as you’re aged 21 and above, and earn a minimum annual income of $120,000 (for Singaporeans and PRs, and foreigners).