DBS Treasures is one of the most popular wealth management and banking programmes available today. Offering a range of banking and investment services, the programme treats its members with A VIP service, allowing them to use DBS Treasures Centres, enjoy exclusive travel and financial perks, and much more.
What is DBS Treasures Account?
A DBS Treasures Account gives you access to three DBS cards: the DBS Treasures Visa Debit Card, the DBS Insignia Visa Infinite Card, and the DBS Treasures Black Elite Card. These cards are only available for members of DBS Treasures, and come with a number of enjoyable privileges.
Figure 1 Credit: DBS Treasures https://www.dbs.com.sg/treasures/default.page
When you own a DBS Treasures Account, you are entitled to 5% cashback when you use your card’s contactless feature when making a purchase. You do need to spend $400 or more a month for this benefit to be applicable, though, and you can’t withdraw more than $400 a month, either.
DBS Treasures members can also enjoy 3.1 miles per $1 spent at DBS’ partner luxury stores, 1.4 miles for local spend, and 2.4 miles for overseas spend. Members can also get access to the DBS Treasures Lounge at Changi Airport Terminal 3. If you travel frequently for work or leisure, the DBS Treasures travel perks should appeal to you.
How do you qualify for DBS Treasures?
Figure 2 Credit: DBS Treasures https://www.dbs.com.sg/treasures/default.page
To join DBS Treasures Singapore, you will need minimum AUM (assets under management) of S$350,000, which you will need to deposit or invest with DBS. You will also need to spend a minimum of $20,000 annually on your applicable DBS card to ensure that your membership status is successfully renewed for the next year.
How Much Does it Cost to Open a DBS Treasures Account?
Technically, opening a DBS Treasures account is free of charge – but you will need to deposit or invest that $350,000 sum with DBS. If you’re already a DBS member and you have that amount already, or you’re moving to DBS from another bank and you’re covered, then this won’t feel like a cost as such. If you save specifically for a DBS Treasures status, this is probably going to feel like a cost to you.
What is DBS Treasures Private Client?
DBS Treasures Private Clients need at least $1.5 million in investable assets to be eligible for additional perks.
Figure 3 Credit: DBS Treasures https://www.dbs.com.sg/treasures-private-client/lifestyle-privileges?pid=sg-tpc-pweb-why-us-others-why-us-textlink-lifestyle-privileges
As a private client, you have access to DBS’ team of portfolio managers, product specialists and wealth managers, who can offer advice and help you to make the right financial decisions for yourself or your business. You can also meet with your own personal accredited investor, who can support you with any investments you may wish to make.
There are other perks to being a Private Client, including receiving curated insights from DBS’ Chief Investment Office and partaking in optional webinars led by industry experts and specialists. Private Clients’ digital capabilities are slightly better, too – clients can use DBI iWealth to manage their investments and everyday banking on-the-go, plus gain access to financial insights at any given time.
Private Clients get the same travel privileges as standard DBS members, such as late check-out at partner hotels including Marriott International and The Dorchester Collection. Clients also get their own special support and advice for property and relocation, and overseas education.
Figure 4 Credit: DBS Treasures https://www.dbs.com.sg/treasures-private-client/lifestyle-privileges?pid=sg-tpc-pweb-why-us-others-why-us-textlink-lifestyle-privileges
DBS Treasures Cards
You will need to use one of three credit or debit cards as a DBS Treasures member:
DBS Insignia Visa Infinite Card
The DBS Insignia Visa Infinite Card is a credit card that offers up to up to S$1 million credit to your name. With this card, you can earn 2 miles per S$1 spent overseas and 1.6 miles per S$1 spent locally, and you currently receive 100,000 welcome air miles for signing up.
DBS Treasures Black Elite Card
When applying to the DBS Treasures Black Elite Card, you can enjoy up to 48,000 miles, plus the option to earn 50% more miles on your card spend in the first 3 months from the card’s approval date. You’ll receive up to 3.2 miles per $1 spent and a 24/7 concierge service wherever you are.
DBS Treasures Visa Debit Card
The DBS Treasures Visa Debit Card currently offers up to 3% cashback when you spend on online food delivery, local transport, local Visa Contactless and in foreign currency when you spend a minimum of $500. You can also earn 0.3% cashback for every Visa transaction with no minimum spend required, and benefit from no foreign exchange fee.
DBS Treasures Lounge
Figure 5 Credit: DBS Treasures https://www.dbs.com.sg/treasures-private-client/privileges/asia-treasures
DBS Treasures members are offered exclusive access to the two DBS Asia Treasures Lounges – one at Singapore Changi Airport Terminal 3, and one at Terminal 2. The DBS Lounge at Terminal 2 recently reopened in 2019 after undergoing renovation, while the Lounge at Terminal 3 was renovated in 2016, but is currently undergoing another renovation, reopening August 2020.
Both Lounges offer a place for members to rest, eat and work before or between flights. You can bring a guest along with you, and that guest doesn’t have to be a DBS Treasures member, which is very useful.
The Lounges offer a menu of “specially-curated Asian cuisine”, and there is a spread of fresh snacks and drinks for you to help yourself to. There’s high-speed Wi-Fi and printing, plus “the best foreign exchange rates at Singapore Changi Airport”. The majority of food and alcohol is served to your table, though you can help yourself to the coffee machines.
Terminal 2’s Lounge operates from 6.00am to 12.00 mid-night daily, while Terminal 3’s Lounge operates from 7.00am to 1.00am daily.
Figure 6 Credit: DBS Treasures https://www.dbs.com.sg/treasures-private-client/privileges/asia-treasures
DBS Treasures Member Benefits
Of course, one of the biggest reasons why Singaporeans choose to sign up to DBS Treasures is for the benefits the programme offers. The DBS Lifestyle Privileges Catalogue is available for members with investable assets of $350,000 or more, and gives members access to the DBS Wealth Concierge, as well as a variety of premium services related to travel and banking.
The obvious benefits of being a DBS Treasures member include access to the DBS Treasures Lounge and exclusive use of the DBS Treasures Branches, but there are other perks that may be useful to you, especially if you enjoy travel.
At the moment, DBS Treasures members can enjoy hotel-related benefits including preferential rates, free upgrades, late check-out, and welcome amenities at some of DBS’ partner hotels. Featured hotels include a number of hotels by Marriott International Luxury Brands, which give you ambassador welcome and benefits including:
- Limousine transfers, fast passes through immigration and airport lounge access
- Complimentary third or fourth night stay or at the hotel’s best available rate
- VIP status at the hotel
- US$100 hotel credit to use in the hotel (per room per stay)
- Breakfast every day for two
- Free internet access
Figure 7 Credit: DBS Treasures https://www.dbs.com.sg/treasures/lifestyle-privileges
To be eligible for these benefits, you will need to make your reservation with the DBS Wealth Concierge, and not as you would normally (online or over the phone).
Other featured hotels include Complimentary The Barracks Hotel Sentosa, Singapore, The Dorchester Collection, Tsingpu Tulou Retreat, and Tsingpu Yangzhou Retreat. These hotels offer similar benefits for DBS Treasures members, though you may want to check out the DBS benefits page if you’re looking for a specific deal.
Aside from hotel benefits, members can receive additional travel perks, including access to limousine services, special lounge access rates and assistance with dining, entertainment, shopping and more during travel.
Moving away from travel entirely, DBS Treasures members get access to exclusive healthcare privileges, as well as fast-track access to a comprehensive range of medical service with DBS’ partner Raffles Medical Group Services. Some support with education and property are also offered to DBS Treasures members who are able to maintain assets under management of at least S$350,000.
Figure 8 Credit: DBS Treasures https://www.dbs.com.sg/treasures/lifestyle-privileges
DBS Treasures Promotions
At the moment, you can enjoy a number of exclusive welcome options if you sign up to DBS Treasures. These include:
- Complimentary use of a medium safe deposit box for 6 months
- A bonus of 10,000 miles when you sign up to use a DBS Treasures Black Elite Card, plus 4 miles for every $1 spent online
- 1.68% interest on your home loan for the first three years, as well as $2,800 cash rebate if you choose to finance your home with DBS
- A cash rebate of 0.3% when you purchase a Single Premium Universal Life or Whole Life plan (note that this is capped at $3,500), plus additional rebate when purchasing a regular premium plan
- Up to $4,100 cash rebate for your first Unit Trust trade on the DBS Online Funds Investing platform, and a 0% brokerage charge for your first 5 trades
Figure 9 Credit: DBS Treasures https://www.dbs.com.sg/treasures/promotion/sign-up-promo?pid=sg-tre-pweb-home-utility-signup-promo
These promotions currently apply if you join DBS Treasures Guides before 30 June 2020. After this date, the promotions may change, though there’s a good chance they will stay largely the same. To benefit from these promotions, you just need to sign up through DBS iBanking or your DBS Personal Debit/ATM Card. If none of these options are available to you, you can also fill out DBS’s contact form and wait for a response from a company representative.
DBS Treasures Branches – Locations
There are currently 10 DBS Treasures Centres based in Singapore, which you can visit instead of having to queue in the regular DBS branches. The Centres offer a more private and comfortable place to discuss your banking requirements with your personal manager. The locations of these Treasures Centres and operating hours are as follows:
| Name | Location | Opening Hours |
|---|---|---|
| DBS Treasures at Bukit Timah | Jalan Anak Bukit #02-29/33 Bukit Timah Plaza |
Mon - Fri: 8.30am - 4.30pm Sat: 8.30am - 1pm |
| DBS Treasures at Holland V | 118 Holland Avenue #02-05 Singapore 278997 |
Mon - Fri: 8.30am - 4.30pm Sat: 8.30am - 1pm |
| DBS Treasures at MBFC | 12 Marina Boulevard, Level 3 Marina Bay Financial Centre Tower 3 Singapore 018982 |
Mon - Fri: 8.30am - 4.30pm Sat: 8.30am - 1pm |
| DBS Treasures at Ngee Ann City | 391 Orchard Road #05-23A/24/24A Ngee Ann City Podium Block Singapore 238872 |
Mon - Fri: 10am - 6pm Sat: 10am - 2.30pm |
| DBS Treasures at Parkway Parade | 80 Marine Parade Road #04-02 Parkway Parade Singapore 449269 |
Mon - Fri: 8.30am - 4.30pm Sat: 8.30am - 1pm |
| DBS Treasures at Raffles Place | 22 Malacca Street #02-00 Royal RB Capital Building Singapore 048980 |
Mon - Fri: 8.30am - 4.30pm Sat: 8.30am - 1pm |
| DBS Treasures at Serangoon Garden | 1 Maju Avenue #02-10/11/12/13 Serangoon Garden Village Singapore 556679 |
Mon - Fri: 8.30am - 4.30pm Sat: 8.30am - 1pm |
| DBS Treasures at Siglap | 42 Upper East Coast Road Level 3 Singapore 455213 |
Mon - Fri: 8.30am - 4.30pm Sat: 8.30am - 1pm |
| DBS Treasures at Suntec City | 3 Temasek Boulevard #02-709 Suntec City Mall Singapore 038983 |
Mon - Fri: 10am - 6pm Sat: 10am - 2.30pm |
| DBS Treasures at Thomson Plaza | 301 Upper Thomson Road #01-45 Thomson Plaza Singapore 574408 |
Mon - Fri: 10am - 6pm Sat: 10am - 2.30pm |
As a DBS Treasures member, you may also want to access the Treasures ATM lobbies, private lounges, and the DBS safekeeping centre. You can find the full list of opening times for these services here.
Conclusion
If you frequently use your credit card and you have $350,000 to deposit, the DBS Treasures programme is certainly worth making the most of.
In particular, if you enjoy traveling and you’re based in Singapore, you’ll probably get a lot of use out of the DBS Treasures Lounges, not to mention you can enjoy the range of travel perks offered to DBS Treasures members. Just make sure, as always, that you’re aware of the terms and conditions that may affect you before signing up to the programme.
