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DBS Altitude Card – MoneySmart Review 2021

·7-min read

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 travel 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.

Interested to find out if this air miles credit card is for you? Keep reading for our DBS Altitude Card review.

DBS Altitude Card terms & conditions

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.

How the DBS Altitude Card works

The DBS Altitude Card doesn’t give you very good earn rates on your everyday expenses, but when it comes to travel bookings and online shopping, it has some of the best bonus miles on the market.

$1 = 1.2 miles on local spending and $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, as well as online shopping.

Online shopping, you say? That comes with a very huge caveat – you’ll have to spend S$2,500 in ONE calendar month to get that bonus $1 = 3 miles rate. This is only applicable to the first S$5,000 eligible spend per calendar month. Sounds like a lot of conditions to fulfil, huh?

The DBS points you earn on this credit card never expire, which is good news if you don’t really spend all that much. You can take your time to accumulate your miles for that Business Class ticket to Germany or whatever. (Be warned though — it WILL take a long time if you’re not a big spender!)

Beginner miles collectors should note that each conversion to KrisFlyer miles or Asia miles will cost $25, so only convert after you’ve accumulated a significant amount of miles.

What’s more, you can also use the card to pay for public transport and earn 1.2 miles for every $1 spent on rides.

DBS logo
DBS logo

Earn Miles That Never Expire

DBS Altitude Visa Signature Card

Local Spend

S$1 = 1.2 Miles

Overseas Spend

S$1 = 2 Miles

Staycation bookings

S$1 = 10 Miles

Apply Now

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

See all card details

Who should use the DBS Altitude Card?

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 as soon as COVID is over. (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. Plus, the DBS Altitude Card has quite a few travel perks, like 2 complimentary global airport lounge access visits and travel insurance coverage for you and your family.

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.

DBS Altitude Card promotions

If you’re not a current DBS or POSB cardholder, sign up for a DBS Altitude Visa Signature card using the promo code ‘DBSLAZ’ to get $200 worth of Lazada vouchers. Available through 31 October 2021.

DBS logo
DBS logo

Earn Miles That Never Expire

DBS Altitude Visa Signature Card

Local Spend

S$1 = 1.2 Miles

Overseas Spend

S$1 = 2 Miles

Staycation bookings

S$1 = 10 Miles

Apply Now

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

See all card details

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:

American Express logo
American Express logo

Online Promo

Convenience & Perks for Frequent Flyers

American Express Singapore Airlines KrisFlyer Credit Card

Local Spend

S$1 = 1.1 Miles

Overseas Spend

S$1 = 2 Miles

Grab rides

S$1 = 3.1 Miles

Online Promo:

Receive 5,000 bonus miles and S$200 statement credits when you spend S$3,000 within first 3 months of Card approval

Valid until 30 Sep 2021

Apply Now

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

See all card details

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.

UOB logo
UOB logo

Online Promo

High Miles Earn Rate

UOB PRVI VISA Miles Card

Local Spend

S$1 = 1.4 Miles

Overseas Spend

S$1 = 2.4 Miles

Selected Online Hotel and Flight bookings

S$1 = 6 Miles

Online Promo:

Receive S$300 Cash Credit for NTB Customers and S$150 Cash Credit for NTC Customers for 1st 100 Customers to make a min spend of $1.5K for each NTB and NTC within 30 days of card approval. T&Cs Apply

Valid until 30 Sep 2021

Apply Now

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

See all card details

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.

Ready to start collecting miles with the DBS Altitude Card? Apply here:

DBS logo
DBS logo

Earn Miles That Never Expire

DBS Altitude Visa Signature Card

Local Spend

S$1 = 1.2 Miles

Overseas Spend

S$1 = 2 Miles

Staycation bookings

S$1 = 10 Miles

Apply Now

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

See all card details

What do you think of the DBS Altitude Card? Share your thoughts with us in the comments!

The post DBS Altitude Card – MoneySmart Review 2021 appeared first on the MoneySmart blog.

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The post DBS Altitude Card – MoneySmart Review 2021 appeared first on MoneySmart.sg.

Original article: DBS Altitude Card – MoneySmart Review 2021.

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