DBS Asia Treasures Membership Frequently Asked Questions

The DBS Asia Treasures membership is by invitation only. The membership may be extended to clients who
(i) maintain Assets Under Management (AUM) of at least S$1.5 million with DBS and hold any DBS/POSB personal credit card(s), or
(ii) maintain AUM of at least S$5 million with DBS.

Memberships will be valid until 31 March each year, subject to a yearly review. Please refer to this table for more details.

To have your membership renewed for the next membership year (e.g. 1 April 2023 to 31 March 2024), simply

1. maintain AUM of at least S$1.5 million with DBS and spend S$30,000 accumulated on any DBS/POSB personal credit card(s) within 2022, or
2. maintain AUM of at least S$5 million with DBS in 2022.

Eligible credit card transactions are that of posted retail and cash advance transactions made with DBS/POSB personal credit cards only.

Examples of eligible transactions include:

• Income tax, property tax and road tax
• Initial, recurring or adhoc insurance premiums
• Recurring payments to SP Services Ltd, M1 Ltd, Singtel, Starhub Ltd
• Payments to hospitals and educational institutions

Please note the following:

1. Retail and cash advance transactions charged by a Supplementary Credit Cardmember are not eligible transactions under the Supplementary Cardmember’s name but will be accrued to the Principal Cardmember.
2. Fund transfer transactions, annual fees, interest, late payment charges, all fees charged by us and other miscellaneous charges as imposed by us are not eligible transactions.

The transaction will be recognised on the transaction date.

Example:
31 December: Eligible transaction is made at a merchant.
1 January: Eligible transaction made on 31 December is posted.
This transaction is recognised under December’s credit card spend.

Both your memberships will be eligible for renewal in the next programme year subject to your spouse’s (Principal Cardmember) total credit card spend being at least S$60,000 taking into account the credit card spend of both your spouse (as Principal Cardmember) and yourself (as Supplementary Cardmember).

The period for minimum credit card spend is from the date you became a DBS Treasures Private Client / DBS Private Bank until 31 December 2022.

You could either

1. view your credit card spend with the DBS PayLah! app (applicable for Principal Cardmembers only). For more information on Card features on PayLah!, please refer to https://www.dbs.com.sg/personal/deposits/pay-with-ease/dbs-paylah; or
2. tally the total amount indicated on your monthly credit card statements for the calendar year; or
3. call our DBS Wealth Management hotline (applicable for Principal Cardmembers only) at 1800 221 1111 (Singapore) or +65 6221 1111 (Overseas).

1. Download the DBS PayLah! App.

         

2. After downloading PayLah!, you will need to register with the following information:
   • Singapore-registered 8-digit mobile number; and
   • (For existing clients with DBS/POSB deposit account) A DBS/POSB digibank account; or
   • (For Singaporeans or Permanent Residents without DBS/POSB deposit account) A SingPass account for easy information retrieval via MyInfo
   For more details on registration requirements, click here.
3. View your credit card spend and the balance amount required to meet the minimum spend under the Rewards tab.

   

4. Tap on “View” to find out more details including the programme Terms & Conditions.

   

5. Please note the following important Terms & Conditions:
   • Only Principal Cardmembers can view the spend tracker.
   • The spend tracker will be updated within 3 working days after your spend is posted.
   • All eligible transactions (including reversals) will be captured. Eligible transactions incurred by a Supplementary Cardmember shall accrue to the Principal Cardmember.
   • To receive app notifications, please enable “Allow Notifications” in mobile settings.
6. You will receive push notifications upon meeting:
   • 50% of the spend requirement
   • 100% of the spend requirement.

You may start viewing your spend after the 15^th of the following month from your join date. For example, if you joined on 27 June, the Spend Tracker will be available after 15 July.

*Membership validity and pro-rated credit card spend requirement

Examples:

1. If you become a DBS Asia Treasures member in May 2022, your membership will expire in March 2023. To qualify for renewal (April 2023 to March 2024),
   1. charge a minimum of S$20,000 to any DBS/POSB personal credit card(s) from January 2022 to December 2022 and maintain AUM of at least S$1.5 million with DBS, or
   2. maintain AUM of at least S$5 million with DBS in 2022.
2. If you become a DBS Asia Treasures member in October 2022, your membership will expire in March 2024. To qualify for renewal (April 2024 to March 2025),
   1. charge a minimum of S$30,000 to any DBS/POSB personal credit card(s) from January 2023 to December 2023 and maintain AUM of at least S$1.5 million with DBS, or
   2. maintain AUM of at least S$5 million with DBS in 2023.