Yahoo Finance DBS Altitude Visa Signature Card – MoneySmart Review (2022)
Yet another DBS credit card? You’ll want to pay attention to this one though. The DBS Altitude Card is one of the most popular air miles credit cards for fresh grads and young working adults. You earn air miles at a standard rate of $1 = 1.2 miles (local) and $1 = 2 miles (overseas), plus $1 = 3 miles (or more) on online flight and hotel bookings.
The minimum income criteria of $30,000 p.a. is easily within reach if you’ve just started working, while the fact that DBS points don’t expire means you can slowly and steadily accumulate your miles. You won’t have to make big splurges or questionable purchase in a rush to make the most out of your expiring miles.
Interested to find out if this air miles credit card is for you? Keep reading for our DBS Altitude Card review.
Contents
1. DBS Altitude Card: How does it work?
The DBS Altitude Card is a pretty straight forward card that lets you accumulate miles that never expire. Here’s a summary of the card’s earn rates:
DBS Altitude Card | |
Base Points (Local spend) | 3 DBS Points per S$5 (1.2 miles per S$1) |
Base Points (Overseas spend) | 5 DBS Points per S$5 (2 miles per S$1) |
Bonus Category | Online flight and hotel bookings; Online hotel bookings on Kaligo; Online flight and hotel bookings on Expedia |
Bonus Points (Local spend) | +4.5 DBS Points per S$5 (+1.8 miles per S$1) |
Bonus Points (Overseas spend) | +2.5 DBS Points per S$5 (+1 mile per S$1) |
Bonus Points (Online bookings on Kaligo) | +7 miles per S$1 |
Bonus Points (Online bookings on Expedia) | +3 miles per S$1 |
Bonus Category Spend Cap | Only on the first S$5,000 online hotel and/or flight spend per calendar month |
Looking at the table above, the DBS Altitude Card may not give you the best earn rates on your everyday expenses. It’s saving grace, however, is that you can use your DBS Altitude Card on pretty much most of your daily expenses including transport. The main exclusions to the local spending category that you need to take note of are as follows:
Bill payments & all transactions via AXS
Insurance payments
Hospital bills
Utility bills
Betting
Bank payments
However, don’t be too quick to shove the DBS Altitude Card aside. When it comes to travel bookings, it has some of the best bonus miles on the market. $1 = 2 miles on overseas spending is the ‘market rate’ for miles cards, so that’s nothing to shout about. The true selling point of the DBS Altitude Card is the bonus $1 = 3 miles earn rate for online hotel and flight bookings.
On top of that, the DBS Altitude Card also offers a generous $1= 10 miles on hotel bookings on Kaligo and $1 = 6 miles on flight and hotel bookings on Expedia. Here’s the breakdown:
3 miles per S$1 online flight and accommodation booking + 7 bonus miles per S$1 Kaligo booking = 6 miles per S$1
3 miles per S$1 online flight and accommodation booking + 3 bonus miles per S$1 Expedia booking = 10 miles per S$1
To qualify, you’ll have to book via the Kaligo and Expedia links on the DBS website. If you were to book on the respective sites directly, you will unfortunately not earn the bonus miles. Before you enthusiastically make your travel purchases to earn the attractive bonus miles, we’d suggest you shop around first. Listen to your Ma, always do your homework!
Earn Miles That Never Expire
DBS Altitude Visa Signature Card
More Details
Key Features
Base earn rate: 1.2 air miles per S$1 local spend
Base earn rate: 2 air miles per S$1 overseas spend charged in foreign currency
2. DBS Altitude Card Miles Accelerator
You can further maximise the miles you earn on your DBS Altitude Card if you register for its miles accelerator programme. This will allow you to earn an additional mile on everything you spend, both local and overseas with a 2% administrative charge on your expenses. Here’s a breakdown of the additional miles you would earn:
Amount spent | Base miles earned | Additional miles earned | Total miles earned | 2% admin fee | |
|---|---|---|---|---|---|
Local Spend | S$2,000 | 2,400 miles | 2,000 miles | 4,400 miles | S$40 |
Overseas | S$3,500 | 7,000 miles | 3,500 miles | 10,500 miles | S$70 |
Online flight & hotel transactions | S$1,500 | 4,500 miles | 1,500 miles | 6,000 miles | S$30 |
20,900 miles | S$140 | ||||
When you do the math, taking into account the additional fees you’ll be paying for the extra miles, you’ll be earning 50 miles per S$1. You’ll definitely be getting the most miles for your dollar, if you ask us!
And of course, the bonus category spend cap of first $5,000 on online hotel and flight bookings also applies to the miles accelerator programme.
3. DBS Altitude Card Miles Conversion
Beginner miles collectors should note that each conversion to KrisFlyer miles or Asia miles will incur an administrative fee of $26.75 (inclusive of GST), so only convert after you’ve accumulated a significant amount of miles.
DBS also offers the KrisFlyer Auto Conversion Programme that will automatically convert your DBS points to KrisFlyer miles in blocks of 500 points at the start of each quarter (January, April, July, and October). Of course, the KrisFlyer Auto Conversion Programme comes at a cost. You’ll be charged an annual conversion fee of $42.80.
The KrisFlyer Auto Conversion Programme may sound great in theory because you won’t have to do the admin work. BUT, there’s a big but, converting your DBS Points to KrisFlyer miles would mean that the expiry will then be subjected to KrisFlyer’s expiry term of one year. If you don’t want your miles to expire, you have to retain them as DBS Points, converting them to air miles only when you are ready to make your flight booking.
4. DBS Altitude Card: Who is it for?
The DBS Altitude Card has a low minimum income requirement of $30,000 p.a., which makes it perfect for students and young working adults.
If you graduated not too long ago and have only just started working, you’re probably dying to start travelling now that the travel restrictions are mostly non-existent in most parts of the world. I mean, the whole reason you even go to work is so you can travel, right?
Although the everyday earn rates are average, the bonus earn rates on travel-related bookings make up for it. Put together, the DBS Altitude Card is a pretty solid entry level air miles card for young working adults who don’t have massive expenses.
5. DBS Altitude Card Promotion
Convinced that the DBS Altitude Card is worthy of your attention? With the ongoing DBS Altitude Card sign-up promotion, you can get 34,000 miles with promo code ALTVIS (min spend $4,000 in 60 days), until 30 September 2022. That’s only $0.12 per mile!
Alternatively, with the promo code ALTVISW, you can earn up to 24,000 miles with annual fee waiver.
Here are the steps to qualify:
You must be new to DBS credit cards (or have cancelled yours more than a year ago)
Apply online through DBS, using promo code ALTMEX or ALTVIS
Spend at least $4,000 in eligible transactions within 60 days of card approval
Promotion ends 30 September 2022
Earn Miles That Never Expire
DBS Altitude Visa Signature Card
More Details
Key Features
Base earn rate: 1.2 air miles per S$1 local spend
Base earn rate: 2 air miles per S$1 overseas spend charged in foreign currency
6. DBS Altitude Card Travel Privileges
The DBS Altitude Card is obviously one that incentivises travel. If you’re a globe trotter, there’s plenty of travel perks that the card can offer you. The following are some of the key travel and accommodation promotions you can enjoy as a DBS Altitude Card holder:
Promotion | Expiry | |
Agoda | 18% savings on eligible worldwide hotel bookings on Agoda mobile app | 31 Aug 22 |
Pelago | 25% off all activity bookings (promo code DBSPEL25) | 31 Aug 22 |
Qatar Airways | 10% off Business Class Comfort fares and Economy Class Convenience fares 7% off Economy Class and Business Class Classic fares (promo code DBSQR21) | 31 Oct 22 |
Booking.com | 10% cashback accommodation bookings | 31 Dec 24 |
Hotels.com | 8% off Hotels.com bookings (promo code VISA8) | 31 Dec 22 |
Avis | Up to 35% off on Standard car rental rates; Up to 30% off on International car rental rates | 31 Dec 22 |
On top of the above, you also will be entitle to 2 free lounge visits each year at over 1,300 airport lounges across the globe under the complimentary Digital Priority Pass membership. Yes, you get to sip on champagne and nibble on cheese while you await boarding.
The DBS Altitude Card’s perks also extend to discounts on airport transport services, Visa concierge services for priority booking and assistance with planning your itinerary, and access to Visa Luxury Hotel Collections which guarantees you the best rate for your accommodation bookings. It’s a rather extensive list perks which you can view here.
7. DBS Altitude Card Fees
DBS Altitude Card | |
Annual fee & waiver | $192.60 (waived for 1 year) |
Supplementary annual fee | $96.30 |
Interest free period | 25 days |
Annual interest rate | 26.80% |
Late payment fee | $100 |
Minimum monthly repayment | 3% or $50, whichever is higher |
Foreign currency transaction fee | 3.25% |
Cash advance transaction fee | 8% or $15, whichever is higher |
Overlimit fee | $40 |
Minimum income | $30,000 (Singaporean) / $45,000 (non-Singaporean) |
Card association | Visa |
Wireless payment | Visa Contactless, Apple Pay, Samsung Pay, Google Pay |
The annual fee is waived for the first year. From the second year onwards, the annual fee will be automatically waived if you spend $25,000 within the card year.
But if you decide to renew and pay your annual fee, you get a renewal bonus of 10,000 miles. That’s less than 2 cents a mile, which isn’t a bad deal.
8. Alternatives to the DBS Altitude Card
The DBS Altitude card isn’t the only credit card for beginner air miles collectors. There are a couple of other notable mentions that we should cover as well:
MoneySmart Exclusive
Convenience & Perks for Frequent Flyers
American Express Singapore Airlines KrisFlyer Credit Card
Get up to 17,050 worth of KrisFlyer Miles (worth a return trip to Bali via Singapore Airlines) from Amex when you apply. Min. spends of S$500 upon card approval required. T&Cs Apply.
Valid until 31 Aug 2022
More Details
Key Features
Earn 2 KrisFlyer miles for every S$1 equivalent in foreign currency on eligible purchases during June and December each year, with no cap.
S$1 = 3.1 KrisFlyer miles for Grab Singapore transactions, capped at S$200 per month
First Year Fee Waiver of S$176.55
Receive 5,000 KrisFlyer miles upon first spend on card
Eligible with Apple Pay, Google Pay, Samsung Pay
American Express KrisFlyer Credit Card — Another entry level credit card, but with poorer earn rates at 1.1 miles (local) and 2 miles (overseas in Jun & Dec) per dollar spent.
But if you have $2,000 or $5,000 of expenses coming up, there’s a great welcome bonus you can take advantage of. Plus, it’s terribly convenient – miles are credited straight into your KrisFlyer account with no conversion fee.
High Miles Earn Rate
UOB PRVI VISA Miles Card
More Details
Key Features
Earn 6 miles with every S$1.00 spent on major airlines and hotels booked through Expedia, UOB Travel, and Agoda
Earn 2.4 miles for every S$1.00 spent overseas (including online shopping from overseas websites), and 1.4 miles for every S$1.00 spent locally
Choice to redeem for miles, cash rebate or vouchers
No minimum spend and no cap on earned miles
Complimentary personal accident coverage and emergency medical assistance of up to S$500,000
UOB PRVI Miles Card — The UOB PRVI Miles Card has much better earn rates than the DBS Altitude, at $1 = 1.4 miles (local) and 2.4 miles (overseas), and it even has a similar travel booking promotion with $1 = 6 miles (Agoda, Expedia, UOB Travel).
The drawback is that miles expire within 2 years, so if you don’t spend all that much, you may find your points insufficient for that dream holiday at the end of the period.
Earn Miles on Everyday Spending
KrisFlyer UOB Credit Card
More Details
Air Miles Features
$1 = 3 KrisFlyer Miles on Dining, Food Delivery, Online Shopping and Travel, and Transport spend with a min sum of S$500 annual spend on Singapore Airlines Group
$1 = 3 KrisFlyer Miles on Singapore Airlines, SilkAir, Scoot and KrisShop purchases
$1 = 1.2 KrisFlyer Miles on all other spend
3,000 miles for 1st spend
10,000 renewal bonus miles
Up to 6 additional miles per S$1 spend with KrisFlyer UOB Deposit Account
No miles conversion fee
Exclusive airline privileges (eg Scoot: complimentary seat selection, priority boarding and check-in, additional baggage allowance, booking flexibility waiver; S$20 KrisShop rebate and Fast track to Elite Silver upgrade)
Exclusive travel privileges (2x $15 Grab and ChangiWiFi)
KrisFlyer UOB Card – The KrisFlyer UOB Card offers an attractive $1 = 3 miles on dining, online shopping, online travel, and transport categories IF you spend at least $500 on Singapore Airlines, Scoot, or KrisShop AND can wait 14 months before the miles appear on your account. If that’s easy peasy for you, the KrisFlyer UOB Card definitely a way for you to leverage on your spending to earn more miles.
Otherwise, consider sticking to the DBS Altitude Card.
Ready to start collecting miles with the DBS Altitude Card? Apply here:
Earn Miles That Never Expire
DBS Altitude Visa Signature Card
More Details
Key Features
Base earn rate: 1.2 air miles per S$1 local spend
Base earn rate: 2 air miles per S$1 overseas spend charged in foreign currency
What do you think of the DBS Altitude Card? Share your thoughts with us in the comments!
The post DBS Altitude Visa Signature Card - MoneySmart Review (2022) appeared first on the MoneySmart blog.
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