DBS Altitude Card Review | What You Need to Know

DBS Altitude Sign Up Promotion:

AMEX:

  • Up to 35,000 miles (Promo Code: ALTA35)
  • Up to 25,000 miles with annual fee waiver (Promo Code: ALTAW25)

Visa:

  • Up to 30,000 miles (Promo Code: ALTV30)
  • Up to 20,000 miles with annual fee waiver (Promo Code: ALTVW20)
  • must spend S$800 within 60 days from card approval date
  • Valid for New DBS/POSB credit cardmembers only
  • Not stackable with other DBS/POSB offers
  • Valid until 31 January 2025
  • Must fulfill spending requirement to receive gift confirmation
  • Read Terms and Conditions here
dbs/posb promo code
dbs/posb promo code

DBS Altitude Card Overview:

  • Love to travel? This might be the best card for you! The miles never expires so you can take your time to accumulate your precious miles! You can earn up to 2.2 miles per S$1 on retail spend, earn up to 1.3 miles per S$1 local spend.

Local Earn Rate
1.3 miles per dollar
Foreign Currency Earn Rate
2.2 miles per dollar
Foreign Currency Fees
3.25% (VISA)3% (AMEX)
Min. Miles Transfer
5,000 DBS Points (10,000 miles)
Transfer Fee
S$27.25 (inclusive of GST)
Points Pooling
Yes
Lounge Access
Yes (only for VISA version)
Airport Limo
No

Eligibility & Fees:

  • Minimum Age: 21 years old
  • Minimum Annual Income: S$30,000 (locals/PRs); S$45,000 (foreigners)
  • Annual Fee: S$196.20 (inclusive of GST), first year waived

Key Benefits:

  • Earn 1.3 miles per dollar (3.25 DBS Points per S$5) spent locally, including bus and train rides
  • Earn 2.2 miles per dollar (5.5 DBS Points per S$5) spent on overseas purchases in foreign currency
  • No minimum monthly spending required
  • No maximum spending cap
  • Since points are earned for every S$5 spent, a $4.99 purchase will not earn you any points.

Best Used Locally:
  • This card is a general spending card, so you can use it anywhere except anything on the exclusion list. The best way is to use it for local spending. This might not be a great card to use overseas. You are better off using another card with higher earn rate.
  • Since points are earned for every S$5 spent, avoid using this card on transactions below S$5
  • For overseas spend, you must take note of the foreign currency fees of 3% (AMEX) and 3.25% (Visa)
Utilise Two Free Airport Lounge Passes Yearly:
  • The Visa version comes with two complimentary lounge passes per 12-month membership period. Take note that it is not by calendar month. The value of a priority pass is around $35, so you’re getting twice the value just by having this card! As a principal cardmember, you can either have two separate lounge passes for yourself or you can use two passes by bringing one guest along the same visit! (Guide on how to apply for the priority pass HERE). Unused passes will not carry forward to the following 12-month period. So it is best to utilise it when you are taking budget flights out of Singapore.
  • On your 2nd year renewal, you can receive 10,000 bonus miles when you pay the annual fee of S$196.20 – this makes the cost per mile 1.96¢ per mile which is quite high! It’s expensive so i would skip paying the annual fee, and get the annual fee waiver instead

DBS offers 5 miles per dollar on online travel and foreign currency spend until 31 December 2024
  • with a minimum spend of S$1,000 each month, capped at S$2,000 each month.
  • Online Travel Spends include Airlines, Hotels/Lodgings, Tour Agencies
  • Foreign Spends are in-store and online transactions made in foreign currency charged to your card

Here’s how:

  • Register via DBS PayLah! App every month (limited to 10,000 slots per month)
  • Spend S$1,000 from your registration date until the end of the month
Spend Category
Registration Period
Period to meet Minimum Spend Requirement 
Online Travel Spend
Month 1
1 to 30 September 2024
Pre-Registration Period: 27 to 31 August 2024 
From the date of registration in Month 1 till 30 September 2024
Month 2
1 to 31 October 2024
From the date of registration Month 2 till 31 October 2024
Foreign Spend
Month 3
1 to 30 November 2024
Pre-Registration Period: 25 to 31 October 2024
From the date of registration Month 3 till 30 November 2024
Month 4
1 to 31 December 2024
From the date of registration Month 4 till 31 December 2024

Note: You will earn 5 miles per dollar on Online Travel Spend from September to October, and another 5 miles per dollar on Foreign Currency Spend from November to December.

Terms and Conditions Here

FAQs Here

? Don’t miss my TikTok video about the DBS 5 miles per dollar promo! Watch how you can make the most of this exciting offer!

Note: Hacks/Promos may get nerfed anytime. Enjoy it while you can.

 

Exclusion List:

MCC
Description
4784
Toll and Bridge Fees
4829
Money Transfer
4900
Utilities – Electric, Gas, Water, Sanitary
6010
Financial Institutions – Manual Cash Disbursements
6011
Financial Institutions – Automated Cash Disbursements
6012
Financial Institutions – Merchandise, Services and Debt Repayment
6051
Non-Financial Institutions – Foreign Currency, Liquid and Cryptocurrency Assets, Money Orders (not Money Transfer), Account Funding (not Stored Value Load), Travelers Cheques, and Debt Repayment
6211
Security Brokers/Dealers
6300
Insurance Sales, Underwriting, and Premiums
6381
Insurance Premiums
6399
Insurance, Not Elsewhere Classified
6540
Non-Financial Institutions – Stored Value Card Purchase/Load
7523
Parking Lots, Parking Meters and Garages
7995
Betting (including lottery tickets, casino gaming chips, off-track betting, and wagers at race tracks) through any channel;
8062
Hospitals
8211
Elementary and Secondary Schools
8220
Colleges, Universities, Professional Schools, and Junior Colleges
8241
Correspondence Schools
8244
Business and Secretarial Schools
8249
Vocational Schools and Trade Schools
8299
Schools and Educational Services (Not Elsewhere Classified)
8398
Non-profit Organisations
8661
Religious Organisations
9211
Court Costs, Including Alimony and Child Support
9222
Fines
9223
Bail and Bond Payments
9311
Tax Payments
9399
Government Services (Not Elsewhere Classified)
9402
Postal Services – Government Only
9405
Intra-Government Purchases – Government Only
AMAZE*
AXS BizPay*
AXS PTE LTD*
BAGUS*
CANTINE*
EZLINK*
EZ-LINK*
PAYPAL *AXS PTE LTD*
RAZERPAY*
SAM -*
SAM PAYMENTS*
SEDAP*
SGEBIZ*
SHOPEEPAY*
SINGAPORE E-BUSINESS*
SINGTEL DASH*
TRANSIT 3*
YOUTRIP*

This is not an exhaustive list and are subject to changes from time to time.

Here is the list of their current transfer partners:

Transfer Partners
Conversion Ratio
Krisflyer
5,000 : 10,000
Asia Miles
5,000 : 10,000
Frequent Flyer
5,000 : 10,000
AirAsia
500 : 1,500

 

Advantages:
  • Points earned on this card has no expiry, therefore you can take your time to accumulate miles
  • 2 free lounge visits comes with the Visa version for every 12-month membership year, whether or not you pay the annual fee!
  • Can pool points with other DBS cards— pooling means that if you have points on your DBS Altitude Card and you have points on other DBS credit card such as the DBS Woman’s World Card, then you can consolidate them and transfer them to a frequent flyer program with a single conversion fee. Other banks that do not pool points will require you to pay a conversion fee for each points transfer on each card.
Disadvantages:
  • Low miles earn rate (but it gives you miles that do not expire)

  • When will the DBS Points be credited on account: This usually credits when the transaction posted, usually takes 24 hrs or in some, it could take 2-3 days.

 


Final Thoughts:

  • With the recent update of increase in miles earned, it makes the earn rate more attractive than the Citi Premier Miles. If you are a working young adult fresh out of school, this is a good card to accumulate points through your daily expenses, without the pressure of spending and miles expiring. You can definitely take your time to plan your trips and go out of the country anytime may it be spontaneous or grand.


Credit cards change their T&Cs every so often and it is difficult to stay updated. That’s why I created a Telegram Broadcast where you can receive timely bite-sized updates to get the most out of your spending.


DBS Altitude Sign Up Promotion:

AMEX:

  • Up to 35,000 miles (Promo Code: ALTA35)
  • Up to 25,000 miles with annual fee waiver (Promo Code: ALTAW25)

Visa:

  • Up to 30,000 miles (Promo Code: ALTV30)
  • Up to 20,000 miles with annual fee waiver (Promo Code: ALTVW20)
  • must spend S$800 within 60 days from card approval date
  • Valid for New DBS/POSB credit cardmembers only
  • Not stackable with other DBS/POSB offers
  • Valid until 31 January 2025
  • Must fulfill spending requirement to receive gift confirmation
  • Read Terms and Conditions here
dbs/posb promo code
dbs/posb promo code

We believe in always paying our credit card bills on time and in full. It is only by doing that, can we fully maximise our credit card benefits.

Purchases made through links in this article may generate an affiliate commission that helps keep this site running. Found this post useful? Subscribe to our Telegram Channel for more updates!  

lobangsis
lobangsis
Aud, your lobang sis shares personal finance to achieve happiness, prosperity and progress for us all.

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