DBS Bank Credit Card for International Students

The super-premium, invite-only DBS Bank Credit Card provides fantastic perks for regular travellers, including hotel memberships, access to lounges, discounts on duty-free purchases, and more. The card has zero foreign exchange markup fees in Singapore, making it ideal for regular visitors. Even for other foreign locations, the card levies a negligible 1.75% forex markup cost. DBS Credit card rivals other super-premium credit cards with its array of travel-related incentives.

Benefits of DBS Credit Card
DBS Credit Card Annual Fee
Is Getting a DBS Vantage Credit Card a Good Idea?
Documents Needed
Credibility for Credit Cards
Application Process
FAQs

Benefits of DBS Credit Card

A few top benefits of a DBS credit card are:

Low Foreign Exchange Markup when Travelling Abroad

The DBS Credit Card has no foreign exchange markup fees in Singapore and a negligible foreign exchange markup of 1.75% overseas. This is a nice advantage, especially for travellers who frequently travel internationally, as the typical FX markup imposed by the majority of credit cards is typically 3.5% of the transaction value.

Although there are credit cards like HDFC Infinia, Axis Magnus, and SBI Card ELITE that offer low currency mark-up advantages, DBS Vantage is the first to introduce a country-specific zero forex mark-up function.

Also Read: What is the Exchange Rate and Who Governs It? – Leverage Edu

Access to all airport lounges

Through their DBS Credit Card, cardholders get unrestricted access to both international and domestic airport lounges.

The majority of super-premium cards also give a set variety of complimentary trips for add-on cardholders or visitors in addition to limitless access for primary members. DBS Bank does not provide any such further benefit.

Also Read: Study in Singapore for Indian Students: Cost, Requirements

Welcome Benefit

DBS Vantage Card offers welcome benefits to its users in two forms:

Free enrollment in ITC Culinaire, Taj Epicure, or Club Marriott.
A bonus of 10,000 Vantage Points after your first purchase after 30 days of card authorization.

Extra Vantage Points on International Travel

Every time a cardholder uses their DBS Vantage Card, they will accrue Vantage Points.

Spending Rs. 200 in India earns you 4 Vantage Points (VP).
8 Vantage Points (VP) for every Rs. 200 spent abroad
1 Vantage Point equals 1 Rupee.

Also Read: Best Saving Account for Students in India: A Comprehensive List

Exchange of Vantage Points

The DBS Delights reward redemption system is available to cardholders for use in redeeming accrued reward points. Additionally, they can take advantage of exclusive discounts on travel, lodging, dining, and gift cards from a few high-end retailers.

Other Advantages

Reward on Duty-Free Purchases: Up to Rs. 1,500 per month, the card offers 10% reward on duty-free purchases.

Golf Privileges: Cardholders are eligible for up to four free rounds of golf each year.

Milestone Rewards: Cardholders that have DBS Vantage can earn additional reward points for hitting certain quarterly spending benchmarks, as detailed in the table below:

Spend Value	Benefit
Rs. 3 Lakh in a calendar quarter	5,000 bonus Vantage Points
Rs. 5 Lakh in a calendar quarter	10,000 bonus Vantage Points
Rs. 10 Lakh in a year	Annual Fee Waiver

Also Read: Best Ways to Use Credit Cards for College Students – Leverage Edu

DBS Credit Card Annual Fee

The yearly fee for the DBS Credit Card is determined by the client group as follows:

DBS Elite Customers	Rs. 10,000
DBS Treasures Customers	Rs. 20,000
Other Customers	Rs. 50,000

Is Getting a DBS Vantage Credit Card a Good Idea?

The first exclusive credit card issued by DBS Bank in India is called DBS Vantage. It is currently an invitation-only card, and eligibility is determined by the customer’s credit history and previous interactions with DBS Bank. The card’s singular benefit is Singapore’s 0% FX markup. This credit card is quite valuable for customers who frequently travel to Singapore because no other credit card offers country-specific FX bonuses. They wouldn’t need a Forex card to pay for their expenses in Singapore because this card offers the same convenience without the extra fees for currency translation.

In addition, it offers unrestricted access to local and international lounges, low foreign exchange rates (1.75% for currency compared to the Singapore Dollar), and rewards for international purchases.

Consider purchasing this card if:

You visit other countries occasionally and often travel to Singapore
You intend to use credit cards for your out-of-country expenses so that you can take full advantage of the rewards programme.
You might profit immensely from complimentary memberships at luxury hotels.
To be eligible for the annual fee waiver, you would need to spend Rs. 10 Lakh each year.

Also Read: What is a Credit Hour System? Find Out Here! – Leverage Edu

Documents Needed

Evidence of Identity

Aadhaar Cards, PAN Cards, Job Cards Issued by NREGA, Passports, Person of Indian Origin Cards, Voter IDs, Overseas Citizens of India Cards UIDAI letters or any other kind of government-approved picture ID verification.

Evidence of Address

Aadhaar cards, passports, ration cards, property registration documents, cards for people of Indian ancestry, utility bills that are no older than three months old, driver’s licences, job cards from NREGA, bank account statements, or any other form of address verification that has been authorised by the government.