DBS has announced 2 promotions for its DBS Altitude Visa card, one for new sign ups and one for existing cardholders.
Let’s break this into 2 parts
New Sign Up Bonus
In a classic story of “why you should wait before you apply for credit cards”, DBS has enhanced its sign up offer for the DBS Altitude Visa card.
The current offer gives you 15,000 bonus miles if you spend a minimum of $1,000 per month for the first 2 months after you get the card (the previous version offered 8,000 bonus miles for the same condition)
Note that the 15,000 bonus miles are for new DBS/POSB cardholders (that is, you don’t own any DBS/POSB credit cards at all). If you are an existing cardholder you will get 10,000 bonus miles. Full T&C here. Sign ups must be done by 31 Dec 2016.
Please note that you need to apply completely online to get the 15,000/10,000 miles bonus. If you get “sales assistance”, as the T&C put it, you only get 5,000 miles. I would say this is incentive enough to get all the details right the first time.
Although the best offer I ever saw for the DBS Altitude was 12,000 bonus miles with $800 spend in the first month, I think such generous promotions are long gone (that was 2013, in case anyone was interested).
Even though the DBS Altitude’s general earning rate is not as good as the UOB PRVI Miles card (1.2/2 for local and overseas versus 1.4/2.4 for the PRVI), I do like the DBS Altitude for its frequent promotions. Besides, with a $30,000 income requirement it’s the most accessible miles card in Singapore.
If you’ve been thinking about pulling the trigger on a card application for the Altitude I’d say this is as good an offer as any.
Overseas Spending Bonus
For the months of November 2016- Feb 2017 (start and end months inclusive) DBS is offering 3 miles per $1 on all overseas spending, capped at $2,000 spend per month. Registration is required and can be done here.
Note that “overseas spending” as defined for the purposes of this promotion refers to physical spending, not online spending. In other words, your card must be physically swiped overseas. Also, given that this is a Visa, be careful not to fall for the DCC scam overseas. If you are billed overseas in Singapore dollars, you will not qualify for the bonus miles.
To enjoy these bonus miles you need to spend a minimum of $2,500 in a given calendar month on your Altitude Visa card. Full T&C can be found here.
Although my preferred card for overseas spending is still the UOB Visa Signature with 4 miles per $1 (maximum $2,000 per statement period, subject to minimum $1,000 spend), this promotion will still come in handy for me given the volume of overseas spending in incur in my job.
When considering whether or not it makes sense to use your credit card overseas, you might want to have a read of this primer.
I do love DBS’s promotions because they’re straightforward and transparent. UOB, in contrast, loves to do promotions on their PRVI miles card where they say “limited to the first X customers who sign up” and there’s no way of knowing beforehand if you’re within the first X.
Remember that the DBS Altitude offers 3 miles on all your online hotel and flight spending (max $5,000 per month), so if you’ve exhausted your DBS Woman’s card cap for the month and do not have a HSBC Advance card, you might want to give this a look.