Credit Cards

Minor DBS Altitude devaluation

dbs altitude

This shouldn’t raise any undue alarm bells but I thought you should know that from 1 June 2016 DBS has revised the earning rate on the DBS Altitude card.

The new earn rates are as follows

Online flight and hotel transactions Overseas Spend (foreign currency) Local Spend
3 miles
(Capped at S$5,000 per month)
2 miles 1.2 miles

The main change has been highlighted in red- the cap used to be S$10,000 per month, this has been revised downwards to S$5,000. I imagine most people won’t be spending anywhere near S$10,000 per month on flights or hotels, so this shouldn’t affect the majority of cardholders. But for those of us who do, well, tough luck.

If you do intend to spend >S$5,000 per month on online flight and hotel transactions, I would recommend you put S$2,000 of that on your DBS Woman’s World Card (at 4 miles per $1- for hotels remember that you need to pay online using your card, ie buy a prepaid rate. if you only use the card to secure your reservation and pay separately at the hotel it will not count).

If you’re buying SQ/MI airtickets you can conserve your S$5,000 Altitude limit by putting that spend on your UOB PRVI Miles card (at 3 miles per S$1)

My heart did skip a beat when I saw the emailer from DBS, because I’m using the Altitude as my primary card for forex-denominated Paypal transactions. Fortunately nothing else has been touched.

Remember that the DBS Altitude income cap was recently reduced to $30,000, and the AMEX version has a very generous double miles sign up bonus for sign ups till 30 April.  So if you’re thinking of signing up for this card, you should still go right ahead

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8 Comments on "Minor DBS Altitude devaluation"

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Have you tried UOB visa signature for forex denom PayPal transactions or is the processing center in Singapore so it doesn’t count?

Confirmed that uob does not award overseas spend for forex paypal for the reason you mentioned

🙁 Can you update the credit card pocket guide..? Thanks

Need to do some housekeeping on links and update to the newest version but you can use that in the interim

At least it is no longer a promotion, can be considered an improvement somewhat.

Hi Aaron!,

There is a new promotion for altitude card (AMEX).

I was thinking to get the AMEX (although I have one AMEX already) or do you think the VISA version is better?