DBS Insignia Credit Card: This Is What You Need To Know About It
DBS Insignia Card is a prestigious credit card, featuring all the perks that the super wealthy could ever need. Cashback, card rewards, miles redemptions and dining promotions are some of the perks that the credit card comes with, in a bid to make life worth living.
However, its credit line limit of S$1 million makes DBS Insignia Card stand out as one of the most prestigious credit cards in the market. The card also accords cardholders exclusive access to facilities as well as other top-notch privileges.
The sleek metallic credit card is designed for the world of luxury as users can make all sorts of payments contactless with the help of Visa’s PayWave. The contactless payment technology is designed to make transactions quick and convenient ideal for cardholders who are always on the move.
The card is designed to take exclusivity to another level as it is offered to only a few affluent customers. The card comes with a smooth metallic sheen with the name of the cardholder etched in cursive.
How do you qualify for the DBS Insignia Card?
In line with its standards, DBS Insignia Card is not for all. The card is available on an invite-only basis and targets people with an annual income of more than $500,000 or 3 million worth of assets under management with DBS. Those who don’t get an invite but still meet all the minimum requirements can make an application for consideration.
Annual fee of $3,000 is another aspect that affirms the fact that the credit card is for the who and who in society and not for the common man. Given the benefits, that the card offers the annual maintenance fee would seem like a bargain to people who cherish exclusivity and the kind of perks on offer.
Taking into consideration what other metallic credit cards in Singapore charge, DBS Insignia could also appear as a bargain.
DBS Insignia Card Perks
DBS Insignia Card offers cardholders 100,000 worth of welcome air miles in the form of 50,000 Bonus DBS points, none expiring, which can be redeemed in the exchange of air miles, dining or shopping vouchers. Cardholders can also enjoy complimentary two nights stay at selected premium hotel properties such as Anantara Hotels & Resorts as well as YTL Hotels Small Luxury Hotels of the world and Alia Hotels & Resorts.
The Credit Card also comes with a Priority Pass Membership that accords members access to 600 airport VIP Lounges in 100 countries. There is also a Speed pass Access that allows cardholders fast-track immigration.
Cardholders who dine at Club Hyatt are eligible to discounts, depending on the number of people they tag along with. For one adult dinner, discount is capped at 15% while for two adult diners one stands to get a discount of 50%. For three adult diners the discount is capped at 33%, and for four adult diners, the discount is at 25%.
For every S$1, spent overseas, cardholders stand to earn 2 miles as well as 1.6 miles for every S$1 spent locally, which is the highest spend available in Singapore. In Addition, the exclusive credit card comes with an S$1 Million credit line, which ensures one never runs out of funds to spend
Damai Spa Perks
The exclusive credit card accords cardholders an opportunity to enjoy some of the services offered by Damai Spa. For starters, it comes with access to gym facilities as well as swimming pool, Sauna, Steam, and cold Plunge pool. With the card, one also stands to enjoy a 20% off on spa treatments and total bill at Oasis Point appointment.
A cardholder can also join group classes for Yoga, Pilates Zumba, and circuit training. One is also allowed to use tennis courts and badminton studio at a nominal fee.
Luxury Yacht Access
DBS Insignia Card offers exclusive luxury yacht access on a beautiful 51-feet catamaran Berthed at One 15 Marina club. For this service, one must make a reservation at DBS Insignia Service ambassador.
Other DBS Credit Cards (For the rest of us)
DBS has a vast portfolio of credit and debit cards all designed to offer unique benefits depending on user’s preference. Below are some of the company’s top credit cards each designed to meet the needs of a given population.
DBS Altitude Card
DBS Altitude Card is an ideal credit card for average consumers who like to travel a lot. With the card, one stands to earn 1.2 miles for every S$1 spent in Singapore. While overseas, one can earn up to 2 miles for every S$1 spent. The card is also for people with an annual income of more than S$30,000. Foreigners, on the other hand, must prove an annual income of S$45,000.
For those who like to do online travel booking using credit cards, then DBS Altitude card promises 3 miles reward for every S$1 spent. Cardholders can also earn up to 10 miles per S$1 spent on travel booking sites Kaligo and Expedia.
Compared to other air miles credit in the market, DBS Altitude is one of the best given that it comes with an annual fee of S$192.6. However, those who spend more than S$2,000 a year don’t have to worry about the annual fee.
The credit card also comes with complimentary travel insurance of up to $S1 million for accidents and death. Cardholders can also take advantage of a 14% discount on offer on petrol at Esso with the credit card.
DBS Woman’s World Card
DBS Woman’s World Card is an excellent credit card for people who yearn to buy expensive items in Singapore or Overseas. The credit card comes with a 0% interest payment plan. Cardholders stand to earn 4 miles for every S$1 spent online, a rare feat in the credit card marketplace. In a bid to help users accumulate a substantial amount of miles, the card rewards cardholders an additional 1.2 miles for every S$1 spent overseas.
The credit card also comes with a unique payment plan dubbed ‘My Preferred Payment Plan’ that allows cardholders to spread payments over 3, 6 or 12 months with no processing fee. The payment plan is ideal for people who wish to make large payments occasionally.
The credit card comes with an annual fee of S$192.6 that is waived in the first year. New customers can also take advantage of up to S$200 cashback on offer. An annual income of more than S$80,000 is a must for one to be enrolled, both for Singapore citizens and foreigners.
DBS Live Fresh Card
DBS Live Fresh Card has to be the best credit card, in Singapore, for online shoppers. The card is perfect for people who can spend S$700 or more per month on online transactions. The card also offers a 5% rebate on all transactions made online or via PayWave, Apple Pay, Samsung Pay and Android Pay.
Cardholders who spend at least S$600 a month on the card should be able to save up to S$60 a month on online transactions. DBS also offers bonus cash back of 0.3% on all other expenditures on the card. New customers are also entitled to S$200 cash back.
DBS Live Fresh Credit is one of the cheapest credit card given that it comes with an annual fee of S$128.4, waived in the first year. Monthly minimum spend capped at S$600 and cashback capped at S$60.
Just like DBS Altitude credit card, DBS Live Fresh Card comes with an annual income requirement of S$30,000 and a Foreigner income requirement if S$45,000.
DBS Esso Platinum Credit Card
DBS Esso Platinum Credit card provides car owners with an easy way of saving money while fuelling their cars. The card comes with a 20% discount on petrol at all Esso petrol stations in Singapore. In addition, cardholders who spend S$200 per month on petrol for three consecutive months stand to walk away with a rebate of S$120.
DBS Esso Platinum Card also offers an instant 17% fuel savings at Esso service stations in Singapore as well as 5% Esso station discount and 5% smiles member discount and a 7% discount card discount. The credit card comes with a 0% interest-free installment payment plan for motor insurance and road tax.
Cardholders are automatically enrolled into Esso Smiles Driver Rewards program. The program rewards cardholders with 1 smiles point for every liter of Synergy fuel purchased at an Esso station. The reward represents about 2% savings in dollar terms. For all other expenditures, a user will earn 1 smile point for every S$10 spend.
The credit card also comes with a S$30 cashback reward on net fuel spend of not less than S$180 for three consecutive months. DBS Esso Platinum Credit card requires an annual income of S$30,000 for Singapore citizens while foreigners are required to command a yearly salary of more than S$45,000.
Which Credit Card Is For You?
No one credit card comes with all the perks sure to full fill one’s desires and interests. However, that does not mean that one should go out, and own all the cards mentioned above. That said, it is essential to go with a credit card that offers benefits that perfectly fits one’s way of life at the lowest cost possible.