Dbs Bank Rewards Program Overview and Guide

DBS Bank's rewards program is designed to give you more value from your everyday transactions.

You can earn rewards on a wide range of transactions, including debit card spends, credit card spends, and even investments.

DBS Bank's rewards program is straightforward and easy to understand, with clear rules and guidelines.

DBS Vickers, a brokerage service offered by DBS Bank, allows you to earn rewards on your investments, including shares and unit trusts.

DBS Bank's rewards program has various tiers, with rewards increasing as you spend more.

To earn DBS Bank rewards, you must have a DBS or POSB credit or debit card. The rewards program is open to all cardholders, regardless of their credit score.

DBS Bank offers a range of credit and debit cards that are eligible for rewards. These include the DBS Altitude, DBS Woman's World and DBS Altitude Visa Signature cards.

Cardholders can earn rewards points for every dollar spent on eligible transactions. The rewards points can be redeemed for travel, dining, and other lifestyle rewards.

The rewards program is designed to be easy to use, with a user-friendly online platform for tracking and redeeming rewards points.

DBS Points are the rewards points earned through spending with specific DBS credit cards, and they can be exchanged for a wide array of rewards via DBS' Rewards programme.

You can earn DBS Points on every ₹200 spent, which translates to 2 Cash Points, with some cards offering bonus Cash Points on certain spends. For example, the DBS Spark Credit Card offers bonus Cash Points on monthly offline spends of over ₹10,000 and ₹50,000 in a calendar quarter.

DBS Points can be redeemed for discounts on shopping, travel, dining, gifting, and more on dbsdelights.in. The value of DBS Points varies, but in some cases, they can be worth as much as 5 cents each, as seen in the promotion of a S$5 Gong cha voucher that can be redeemed with 100 DBS Points.

Here are the different redemption options available:

Monthly milestones start with a Spark, and it's a great way to earn rewards with your DBS Spark Credit Card. Cash Points multiply 5X/10X/20X each month depending on your card.

You can then redeem these multiplied Cash Points for extra discounts and bigger savings. This is a fantastic opportunity to make the most of every moment with your DBS Spark Credit Card.

Here's a breakdown of how Cash Points work:

With the DBS Spark Credit Card, you can earn rewards in various ways, including:

These rewards can add up quickly, making your DBS Spark Credit Card a great choice for everyday spending.

DBS Points are rewards points earned through spending with specific DBS credit cards.

DBS Points can be exchanged for a wide array of rewards via DBS' Rewards programme.

One DBS Point is earned for every S$5 eligible retail spend charged to your DBS credit card.

DBS Points won't be awarded for certain transactions, so it's essential to know what these are.

DBS Points can be redeemed on the spot for your purchases or even days later through DBS PayLah!.

If you've recently received a card replacement, you'll need to activate it via digibank before redeeming your points. This ensures that your new card is linked to your account and ready for use.

To check your available DBS Points, log in to digibank online or use the DBS digibot and DBS PayLah! app. This will give you a clear view of your points balance and help you plan your rewards.

You'll need a minimum of 100 DBS points and a retail transaction of S$1 or more to offset your spending with DBS Points on DBS PayLah!. Your cashback will be credited to your Credit Card Available Limit immediately, but it may take up to 3 days to reflect in your credit card transaction history.

If you've recently received a card replacement, don't forget to activate it via digibank before redeeming your points. This will ensure a smooth experience.

DBS Points can be checked via DBS digibot and DBS PayLah! app. This is a convenient way to keep track of your available points.

To offset your spending with DBS Points on DBS PayLah!, you'll need a minimum of 100 DBS points and a retail transaction of S$1 or more. This is a requirement for making the most of your points.

Your cashback will be credited to your Credit Card Available Limit immediately, but it may take up to 3 days to reflect in your credit card transaction history. Be patient and it will be there.

You can also check your available DBS Points via digibank online. Simply log in with your User ID and PIN, complete the Authentication Process, and then click on Redeem Daily$ or Safra$ under Cards.

Here's a quick rundown of the steps to follow:

To verify the number of DBS Points you have, look on the right side of the screen for the current total. This total is pooled across all your DBS credit cards.

You can click on DBS Points Details to see the breakdown of points for individual credit cards.

The Current Redeemed Total can be found on the right sidebar after adding the desired quantity to your shopping cart.

Expiration Dates can be a real headache, especially if you're not aware of the rules. DBS Points, for instance, expire one year from the quarterly period in which they've been earned.

To give you a better idea, let's take a look at the expiry dates for DBS Points earned between January and September 2023. Here's a breakdown:

You can see that the expiry dates are based on the quarter in which the points were earned. This makes it relatively easy to keep track of, unlike some other bank rewards systems.

However, it's worth noting that there's an exception to this rule - the DBS Altitude Card. Regardless of whether you have the Visa or AMEX version, DBS Points earned on this travel credit card never expire.

You can redeem your DBS Points for various rewards, and the best option for you will depend on your personal preferences and spending habits.

DBS Points can be converted into airline miles, with a transfer ratio of 5,000 DBS Points for 10,000 miles to popular frequent flyer programs like KrisFlyer Miles, Asia Miles, and Qantas Points.

For KrisFlyer Miles, you can transfer your DBS Points via the DBS Rewards website, KrisFlyer Miles Auto-Conversion Programme, Kris+ App by Singapore Airlines, or DBS Customer Service Hotline.

The transfer ratio for KrisFlyer Miles is 5,000 DBS Points for 10,000 miles, with a fee of S$27.

You can also redeem your DBS Points for other rewards, such as shopping mall vouchers, online purchases, or offset your spendings using DBS Points or POSB Daily$.

You can redeem rewards using POSB Daily$ or Safra$. This is a great way to offset your spendings, especially if you have a POSB Everyday Credit Card or a SAFRA DBS Credit Card.

To redeem rewards, you can log in to the DBS Rewards website with your digibank User ID and PIN, and then filter items by points, key words, or category.

You can redeem Krisflyer miles, which will take up to 14 working days, or other rewards, which will take up to 5 working days.

Here are some details about redeeming rewards using POSB Daily$ or Safra$:

You can convert your DBS Points to airline miles, which is a great way to use them if you're a frequent flyer. DBS Points can be transferred to 4 airline frequent flyer programmes: Big Rewards, KrisFlyer Miles, Asia Miles, and Qantas Points.

The transfer ratio varies between programmes, but for KrisFlyer Miles, it's 5,000 DBS Points for 10,000 miles. This means you'll get a good value of around 2 to 2.5 cents per DBS Point, which is hard to beat.

There are four ways to convert DBS Points into miles: via the DBS Rewards website, KrisFlyer Miles Auto-Conversion Programme, Kris+ App by Singapore Airlines, or DBS Customer Service Hotline.

To convert your points, you'll need to enrol in the auto-conversion programme or use one of the other methods, and each conversion will be subjected to an administrative fee of S$27.00 (inclusive of GST) per air miles redemption.

Here's a summary of the transfer ratios for the four airline programmes:

Keep in mind that the minimum conversion rate is 5,000 DBS Points to 10,000 miles, and transfers are done in blocks of 5,000 DBS Points.