06/08/2024
16h59
DBS Vantage Visa

The DBS Vantage Visa is a versatile credit card that offers both miles and cashback options, allowing cardholders to tailor their rewards to their preferences. In this article, we’ll guide you through the application process and highlight key features and benefits of the card.

Eligibility requirements for DBS Vantage Visa

To apply for the DBS Vantage Visa, you need to meet the following criteria:

✅ Must be 21 years or older
✅ Minimum annual income of S$120,000
✅ Copy of NRIC (front and back) for identification, along with income proof such as the latest Income Tax Notice of Assessment or CPF contribution history

Approval is based on meeting these criteria, and additional documents may be required by the bank for verification.

How to apply for the DBS Vantage Visa

Applying for the DBS Vantage Visa is straightforward. You can apply online through the DBS website or via the DBS digibank app. Start by filling out the application form with your personal and financial details. Ensure all information is accurate and up-to-date to avoid any delays.

Once submitted, your application will be reviewed, and you should receive a response within a few business days. If not approved, you may reapply later after addressing any issues or meeting the required criteria.

Managing monthly payments

Making payments for your DBS Vantage Visa is convenient. You can use the DBS digibank app, internet banking, or AXS machines to pay your bills. It’s crucial to make payments on time to avoid late fees and interest charges. You can also set up automatic payments to ensure you never miss a payment, making financial management easier.

Fees and costs

The DBS Vantage Visa comes with an annual fee of S$599.50. This fee cannot be waived in the first year but can be waived in subsequent years with a minimum annual spend of S$60,000. Additional costs include a late payment fee of S$100 if the outstanding balance exceeds S$200 and a finance charge of 27.8% p.a. on outstanding balances. It’s essential to understand these fees to manage your finances effectively.

A quick overview

The DBS Vantage Visa is an excellent choice for those who want flexibility in their rewards, offering both miles and cashback options. The card provides substantial benefits such as a complimentary night stay at Accor Hotel properties and access to over 1,300 airport lounges worldwide.

However, potential cardholders should consider the high annual fee and ensure that the card’s benefits align with their spending habits.

Let’s go!

Ready to unlock a world of rewards with the DBS Vantage Visa? Click the button below to start your application process and enjoy the exclusive benefits this card offers!