Due to the increased proliferation of credit cards, high net worth individuals just don’t seem attracted to the run-of-the-mill credit cards anymore. Sure they may have credit limits that could easily be higher than most skyscrapers but at the end of the day when they whip out their credit card from their high-end designer wallets, it’s still the same card a cashier behind the counter may happen to own.
Exclusive cards that are designed to cater to these high net worth individuals aim to sort out this dilemma in particular.
Usually issued only upon invitation by the bank, these credit cards carry with them a very high annual fee and may seem illogical to the common man.
But how do you qualify for these cards? Sometimes exclusive may very well translate into elusive.
Qualifying norms for such cards include two main parameters – income earned and assets maintained with the card’s issuing bank. To get an invite for one of these cards you should either have an annual income exceeding a high amount (usually upwards of S$400,000) or maintain over S$1 million in assets with the bank.
However, while this would make you an eligible candidate, it doesn’t guarantee you the prospect of receiving an invite.
The DBS Insignia Visa Infinite Credit Card is one such DBS credit card that can be obtained through invite alone. And unlike other plastic money, this card isn’t even plastic! The Insignia card from DBS is Singapore’s first fully metal credit card taking exclusivity to a whole new level.
If Superman owned a credit card, this would probably be it!
The Man of Steel was probably who they were thinking about when designing this unique ‘card of steel’.
So, what do you get with DBS Insignia Visa Infinite Card?
Well, for starters, the card has a credit limit of up to S$1 million. So, you can use your credit card to pay for your wedding and your honeymoon and have enough left over to buy a couple of expensive cars!
Welcoming you in style
If you are one of the lucky few who receives an invite from DBS for the DBS Insignia Visa Infinite Credit Card, you get 100,000 air miles upon approval. Just to put it in context, this is enough to enjoy a round trip to the Maldives for free!
You also get to enjoy a 2-night stay at any hotel of your choice from over 40 luxury resorts and hotels across Asia!
If you are looking for more ways to stamp your exclusivity, how about this?
Your name is inscribed on the metallic surface of the card in cursive. This is sure to make heads turn each time you remove it from your designer wallet. So, to answer the age-old question of, “what’s in a name?”, we say – everything!
Rewarding your spending
You get 2 miles each time you charge S$1 to your DBS Insignia Visa Infinite Card while overseas and 1.6 miles per S$1 you spend locally.
Live in the lap of luxury with these exclusive perks
- Set sail on a luxurious voyage on a gorgeous 51-feet catamaran. Named, the Charter Me Too, you can reserve this yacht through the DBS Insignia Service Ambassador
- Unwind at the Damai Spa at the Grand Hyatt Singapore. You also get access to their holistic health club and discounts on spa treatments among others!
- If your idea of living well, is to eat well, then the dining privileges that come with this card will ensure that you always live well! Not just discounts, but you also get complimentary champagne and exclusive invites to dine at some of Singapore’s finest hotels
- Enjoy special privileges and discounts up to 50% off at Grand Hyatt, Singapore
- Get complimentary access to over 1,000 VIP airport lounges across the globe and enjoy fast track immigration
- Wake up to scenic views while you are on holiday with discounts up to 30% at the best hotels and resorts in the world. What’s more, as a DBS Insignia Card holder, you get to soak in the grandeur at any participating hotel for a complimentary 2-night stay each year!
- Enjoy the perks of having a personal stylist with Club 21’s Style Advisors and always look your best with discounts on retail
- Get up to 40% off on spa treatments at participating outlets in Singapore
Here’s what we think of the DBS Insignia Visa Infinite Card
The qualifying criteria as mentioned is something that is not attainable for the common man. The minimum annual income requirement is S$500,000, which makes sense given that the credit limit is twice this amount. Moreover, the annual fee of the card is a whopping S$3,210.
The other cards that fall under this category include the elusive American Express Centurion Black Card (a card whose existence, like that of the Loch Ness Monster, is much debated), the Citi Ultima Card (whose annual fee is a whopping S$4,160.16), and UOB’s Reserve Credit Card (whose annual fee is made known only if you receive an invite for the card).
The DBS Insignia Visa Infinite Card is not a one-off product offered to a few affluent customers. In fact, this segment of high net-worth individuals is a much sought after category by banks and is estimated to grow at a rapid pace.
This card is designed to capture this very segment of affluent people who are looking for discreet, but luxurious ways to live.
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