Until 30 Sept, the DBS Altitude AMEX card had a very generous 50% bonus miles promotion. Upon card approval, you would earn 1.8 miles for local spend, 3 miles for overseas spend and 4.5 miles for online hotel and flight bookings for the first 6 months (as opposed to the 1.2/2/3 miles normally). There was no minimum spend nor cap on the maximum number of miles you could earn via this promo.
DBS Altitude AMEX now has a new sign up promo. For all cards approved between now and 30 April 2016, spend $800 in your first month and get 3,000 bonus miles. More importantly, you also enjoy double miles on overseas and local spend (but not the online hotel and flight booking category) for the first 3 months after approval subject to spending a minimum of $800 per month.
That translates into
- Local= 2.4 miles per $1 (an incredibly generous rate)
- Overseas= 4 miles per $1 (ditto)
The maximum bonus you can earn is capped at $6,000 of spend per month. The spend is capped on spend rather than miles, so the way to max this out is by putting all $6,000 on overseas spend.
How does this compare to the previous 50% additional miles promotion? 2.4 miles/4 miles for local/overseas spend is unheard of. DBS must really be taking it to UOB in the fight for the miles card market. The $800 min spend is a bit of a downer, but if you’re certain you’re going to hit $800 a month for the next 3 months then you should absolutely take advantage of this sign up promo. In theory, you could max this out with 72,000 miles in 3 months for $18,000 of overseas spend.
T&C here– only for new signups, but if you’ve cancelled your DBS Altitude card for more than 6 months you’re eligible to take advantage too.
Short story: If you’re confident of hitting $800 a month for the next 3 months, definitely go for this and frontload some of your big ticket item purchases. The card has a minimum income requirement of $50,000 (when it launched it was $80,000). My understanding is DBS is relatively flexible about income requirements but YMMV.
Read the Milelion’s take on the DBS portfolio of cards here.
cover photo by paulnelhams