DBS Asia Treasures Membership Frequently Asked Questions
How do I join as a DBS Asia Treasures member?
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.
What is the duration of the membership?
Memberships will be valid until 31 March each year, subject to a yearly review. Please refer to this table for more details.
Month of joining DBS Asia Treasures | Membership valid until |
---|---|
Jan 2022 | Mar 2023 |
Feb 2022 | Mar 2023 |
Mar 2022 | Mar 2023 |
Apr 2022 | Mar 2023 |
May 2022 | Mar 2023 |
Jun 2022 | Mar 2023 |
Jul 2022 | Mar 2023 |
Aug 2022 | Mar 2023 |
Sep 2022 | Mar 2023 |
Oct 2022 | Mar 2024 |
Nov 2022 | Mar 2024 |
Dec 2022 | Mar 2024 |
How do I qualify for renewal?
To have your membership renewed for the next membership year (e.g. 1 April 2023 to 31 March 2024), simply
- 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
- maintain AUM of at least S$5 million with DBS in 2022.
What are the eligible credit card transactions?
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:
- 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.
- 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.
I made an eligible transaction recently with my DBS/POSB personal credit card. Would the transaction be recognised on the transaction date or posting date?
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.
My spouse and I are joint account holders and both Asia Treasures members. I am a Supplementary Credit Cardmember and my spouse is the Principal Cardmember. How can I qualify for renewal?
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).
I was a Personal Banking client before joining Treasures Private Client / Private Bank and accorded Asia Treasures membership. What is the period for me to accumulate card spend?
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.
How do I know how much I have spent to date?
You could either
- 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
- tally the total amount indicated on your monthly credit card statements for the calendar year; or
- call our DBS Wealth Management hotline (applicable for Principal Cardmembers only) at 1800 221 1111 (Singapore) or +65 6221 1111 (Overseas).
How do I view my credit card spend with the DBS PayLah! App?
- Download the DBS PayLah! App.
- 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
- View your credit card spend and the balance amount required to meet the minimum spend under the Rewards tab.
- Tap on “View” to find out more details including the programme Terms & Conditions.
- 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.
- You will receive push notifications upon meeting:
- 50% of the spend requirement
- 100% of the spend requirement.
I joined DBS Asia Treasures recently. When can I start viewing my credit card spend with the DBS PayLah! App?
You may start viewing your spend after the 15th 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
Month of joining DBS Asia Treasures | Membership valid until | Min. credit card spend required for renewal | Period for min. credit card spend* |
---|---|---|---|
Jan 2022 | Mar 2023 | S$30,000 | Jan 2022 to Dec 2022 |
Feb 2022 | Mar 2023 | S$27,500 | Jan 2022 to Dec 2022 |
Mar 2022 | Mar 2023 | S$25,000 | Jan 2022 to Dec 2022 |
Apr 2022 | Mar 2023 | S$22,500 | Jan 2022 to Dec 2022 |
May 2022 | Mar 2023 | S$20,000 | Jan 2022 to Dec 2022 |
Jun 2022 | Mar 2023 | S$17,500 | Jan 2022 to Dec 2022 |
Jul 2022 | Mar 2023 | S$15,000 | Jan 2022 to Dec 2022 |
Aug 2022 | Mar 2023 | S$12,500 | Jan 2022 to Dec 2022 |
Sep 2022 | Mar 2023 | S$10,000 | Jan 2022 to Dec 2022 |
Oct 2022 | Mar 2024 | S$30,000 | Jan 2023 to Dec 2023 |
Nov 2022 | Mar 2024 | S$30,000 | Jan 2023 to Dec 2023 |
Dec 2022 | Mar 2024 | S$30,000 | Jan 2023 to Dec 2023 |
Examples:
- 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),
- 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
- maintain AUM of at least S$5 million with DBS in 2022.
- 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),
- 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
- maintain AUM of at least S$5 million with DBS in 2023.
I cannot register for PayLah! because I don’t have a Singapore registered mobile or a digibank or SingPass account. How do I know how much I have spent to date?
You could either:
- tally the total amount indicated on your monthly credit card statements for the calendar year; or
- call our DBS Wealth Management hotline (applicable for Principal Cardmembers only) at 1800 221 1111 (Singapore) or +65 6221 1111 (Overseas).