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DBS Altitude Card – MoneySmart Review 2018

Clara Lim

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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 $193 (waived for 1 year)
Supplementary annual fee $96.30
Interest free period 20 days
Annual interest rate 25.90%
Late payment fee $100
Minimum monthly repayment 3% or $50, whichever is higher
Foreign currency transaction fee 2.80%
Cash advance transaction fee 6% or $15, whichever is higher
Overlimit fee $40
Minimum income $30,000 (Singaporean) / $45,000 (non-Singaporean)
Card association Visa
Wireless payment Visa payWave, Apple Pay, Samsung Pay, Google Pay

 

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, 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.

If you book through Expedia and Kaligo, you earn $1 = 6 miles and $1 = 10 miles respectively. The expenditure cap for this category is $5,000, but I think that’s reasonable for most budget-conscious young travellers.

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 London 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.

The annual fee is waived for the first 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.

Currently, there is a big giveaway of 50 SIA Suites tickets for DBS/POSB cardmembers: You get 1X lucky draw chance for every $500 spent locally and 5X chances for $500 spent on airlines, hotels and with travel agents. (Valid until 31 Dec 2018. Register here.)

 

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 you can. (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.

 

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 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 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 Altitude Visa Signature Card

DBS Altitude Visa Signature Card


Card Benefits

    • S$1 = 1.2 miles (Local spend)
    • S$1 = 2 miles (Overseas spend)
    • S$1 = 3 miles (Online flight & Hotel transactions)
    • 6 miles/S$1 spend at Expedia; 10 miles/S$1 spend at Kaligo
    • Get 10,000 Bonus Miles when you renew your annual membership
    • Enjoy 2 Complimentary Global Airport Lounge Access visits and get up to S$1 million travel accident insurance coverage for you and your family members

     

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

     

    Related articles

    Best POSB / DBS Credit Cards in Singapore – Credit Card Reviews 2018

    The Best Air Miles Credit Cards in Singapore 2018

    https://blog.moneysmart.sg/credit-cards/krisflyer-miles-credit-card-promotions/

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    Clara Lim

    I used to be MoneyDumb. I hung out at H&M every day and thought that a $50 lunch set was a good deal. These days, I spend my time researching the crap out of life and trying to maximise utility on micro-decisions. I'm not sure if that's an improvement.