From 1 March to 31 July 2017, DBS Altitude is running a promotion on their Visa Signature card for members who register via this link. Cardmembers can earn up to 6 mpd, depending on the category they spend in.
Here’s how it works- recall that the base earning rates for the DBS Altitude Visa are 1.2/2/3 mpd for local/overseas/online hotel and flight bookings respectively.
If you spend a minimum of S$2,500 per calendar month, you’ll enjoy 2.4/4/6 mpd on the $2,501-$5,000th dollar of spend. Any spend fro mthe $5,001th dollar on earns the regular 1.2/2/3 mpd.
In reality your actual mpd will be something less than the 2.4/4/6 promised because your $1-$2,500 will be earning the regular 1.2/2/3 mpd rates.
6 mpd sounds like a a fantastic earning rate for online hotel and flight spending- it’s above the HSBC 4 mpd rate (which may very well disappear come 31 March). But when you do the math, you come out only marginally higher. Suppose you were buying a $5K flight ticket- your effective rate is 4.5mpd because of the first $2.5K of spend earning 3 mpd. If you don’t have a HSBC Advance card then of course it’s a fantastic deal though. Full T&C here.
A reminder that if you do not yet own a DBS Altitude Visa card you can get a 10,000 mile sign up bonus (or 15,000 miles if you’re new to DBS credit cards altogether) when you charge a minimum of $1,000 a month for the first 2 months after getting your card. This is valid for sign ups till 31 March.