Miles or Cashback – you decide
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.
Up to 19%
Fuel Spending at Esso
S$1 = 1.5 miles or 1.5% cashback
Local Spend
S$1 = 2.2 miles or 2.2% cashback
Overseas Spend
Online Promo
Get up to 85,000 miles (for New Cardmembers) or up to 40,000 Miles (Existing Cardmembers) when you sign up and make a min. spend of S$4,000 within 30 days of card approval and payable annual fee required. T&Cs apply.
Valid until 30 Sep 2024 - See more details below

Are you eligible?

    • Charge a minimum spend of S$4,000 to the approved DBS Vantage Card within the first 30 days from the card approval date

What you need to know

  1. Get 25,000 Miles when you pay the card's annual fee of S$599.50 (inclusive of GST)
  2. New Cardmembers can get 60,000 Miles when you spend S$4,000 within 30 days from card approval date
  3. Existing Cardmembers can get 15,000 Miles when you spend S$4,000 within 30 days from card approval date

All Details

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DBS Vantage Card Benefits 2024

With over 50 years of legacy in Singapore, DBS has been one of the leading financial services groups in Asia with a presence in several markets globally. From personal finance to commercial and private banking, DBS is dedicated to providing financial services for clients with various needs.

DBS Singapore has a selection of credit cards for you to choose from, and the DBS Vantage Card is one of their best cards for the greatest flexibility to switch between miles and cashback. Here is a quick look at the requirements, pros and cons and other relevant details of the DBS Vantage Card before getting your hands on this card.

What Are The Pros And Cons?

Interest rate of 26.8%High annual fee of $594 (no waiver unless you spend a minimum of S$60,000 in the preceding Card year, on retail category)
No supplementary card annual feeCash advance transaction fees
No minimum spend requiredForeign currency transaction fee
Switch between up to 2.2 miles per S$1 or 2.2% cashback for foreign currency spendingOverlimit fee
Switch between up to 1.5 miles per S$1 or 1.5% cashback for local spending
Complimentary Accor Plus Explorer membership with 1 free hotel night stay
12,500 DBS Points (25,000 miles) upon annual fee payment yearly
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
Convenient online application with SingPass
Open to Singapore Citizens, PRs and foreigners with a Singapore Employment Pass aged 21 and above
Members-only dining privileges at fine dining restaurants, including Michelin-awarded ones

DBS Vantage Card Interest Rates & Fees

The DBS Vantage Card charges quite a high annual fee of $594 as compared to many banks that charge less than $500 per year or some which do not even charge any annual fees. Besides the annual fee which is non-waivable unless you hit a minimum spend of S$60,000 in the preceding Card year, on retail shopping, there are also cash withdrawal fees or cash advance transaction fees, foreign currency exchange fees, etc.

Considering the high annual fee, the DBS Vantage Card is more worthwhile if you're a frequent flyer who spends quite a lot, particularly retail spending overseas. To make things easier to understand, here';s a quick overview of the rates and fees.

DBS Vantage Card Requirements

Singapore Citizens / PRsForeigners / Expats


21 and above $120,000


21 and above $120,000

Documents required

For salaried employees:

  • A copy of NRIC/passport 
  • Latest original 3 months’ computerized payslip or Tax Notice of Assessment or last 12 months' CPF statements 

For self-employed:

  • A copy of NRIC/passport
  • Last 2 years’ Income Tax Notice of Assessment 
  • Last 3 months’ bank statements
  • A copy of passport and valid work permit (with minimum 6 months validity)
  • A copy of utility/telephone bill or bank statement with your name and address
  • Income Tax Notice of Assessment and latest original computerized payslip
  • 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 $594 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.

    How do I apply for a DBS Vantage Card?

    You can apply for the DBS Vantage Card in 3 simple steps.

    1. Click "Apply Now" on the DBS Vantage Card option on MoneySmart's credit card page
    2. Provide your NRIC or other identification details, latest 3 months' computerised payslip, latest 12 months' CPF Contribution History Statement, and latest Income Tax Notice of Assessment (NOA)
    3. Receive your DBS Vantage Card or activate it via the DBS digibank App.

    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 between 21 and above, and earn a minimum annual income of $120,000 (for Singaporeans and PRs, and foreigners).

    What are the late charges for my delayed monthly DBS Vantage Card bill payment?

    Late payment charge is S$100 and additional interest will be calculated on a daily basis at the most updated EIR determined by DBS at the point of your late payment.

    How do I convert my cash back benefits to air miles with my DBS Vantage Card?

    You can convert your cash back benefits to air miles or vice versa, in a few steps:

    • Login to DBS digibank mobile app
    • Tap "Cards"; under "Home" section
    • Select "DBS Vantage Card" under "Cards"
    • Swipe from "Cashback" to "Miles" on the toggle
    • Tap confirm to proceed and it'll done instantly