DBS Altitude extends sign-up offers: Up to 48,000 miles or S$200 cashback

Spend $6K in the first 90 days to get up to 48,000 miles on the DBS Altitude, or opt for up to $200 cashback instead.

DBS has extended its latest iteration of sign-up bonuses for the Altitude cards, which are now valid for applications received between 1 August to 30 September 2020. 

New-to-bank DBS Altitude AMEX and Visa cardholders can earn up to 48,000 and 38,000 miles respectively when they spend at least S$6,000 within the first 90 days of approval. Alternatively, they can opt to get up to S$200 cashback instead. 

❓ DBS defines new-to-bank customers as those who do not currently hold a principal DBS/POSB credit card, and have not done so in the last 12 months before application

DBS Altitude AMEX offer

Apply here

New-to-bank cardholders who apply for a DBS Altitude AMEX by 30 September 2020 can enter one of three different promo codes during application:

  • 200CASH
  • DBSALT
  • ALTAF

Look for this field to enter the promo code:

Depending on the promo code entered, you’ll be eligible for one of these three offers:

  200CASH DBSALT ALTAF
Spend  S$800 S$6,000 S$6,000
Period 60 days 90 days  90 days
Base Miles
@ 1.2 mpd
960 miles 7,200 miles 7,200 miles
50% bonus miles 480 miles 3,600 miles 3,600 miles
Bonus Gift S$200 10,000 miles 10,000 miles
Annual Fee Miles
(S$192.60 fee)
N/A N/A 10,000 miles
Total Miles 1,440 miles 20,800 miles 30,800 miles
⚠️ Typo alert

On the DBS Altitude landing page, the spending requirement for cashback is listed as S$600. In the T&C document, however, it’s listed as S$800. I’m clarifying with DBS which is the correct amount, but based on past promotions it’s almost certainly S$800. 

In the table, I’ve assumed that all your spending is done on non-bonused local currency transactions (earning 1.2 mpd). 

DBS quotes a bonus of “up to 48,000 miles” for the DBS Altitude AMEX. How do they get that figure? They assume the following:

  • You spend all S$6,000 on online air tickets and hotels @ 3 mpd for 18,000 base miles + 10,000 bonus miles
  • You max out the activation bonus of 50% bonus miles on all spending within first 90 days, capped at 10,000 miles
  • You pay the annual fee of S$192.60 for 10,000 miles

DBS Altitude Visa offer

Apply here

New-to-bank cardholders who apply for a DBS Altitude Visa by 30 September 2020 can enter one of three different promo codes during application:

  • 150CASH
  • DBSALT
  • ALTAF

Look for this field to enter the promo code:

Depending on the promo code entered, you’ll be eligible for one of these three offers:

  150CASH DBSALT ALTAF
Spend  S$800 S$6,000 S$6,000
Period 60 days 90 days  90 days
Base Miles
@ 1.2 mpd
960 miles 7,200 miles 7,200 miles
Bonus Gift S$150 10,000 miles 10,000 miles
Annual Fee Miles
(S$192.60 fee)
N/A N/A 10,000 miles
Total Miles 960 miles 17,200 miles 27,200 miles
⚠️ Typo alert

On the DBS Altitude landing page, the spending requirement for cashback is listed as S$600. In the T&C document, however, it’s listed as S$800. I’m clarifying with DBS which is the correct amount, but based on past promotions it’s almost certainly S$800. 

Once again, I’ve assumed that all your spending is done on non-bonused local currency transactions (earning 1.2 mpd). 

DBS quotes a bonus of “up to 38,000 miles” for the DBS Altitude Visa. They get this by assuming:

  • You spend all S$6,000 on online air tickets and hotels @ 3 mpd for 18,000 base miles + 10,000 bonus miles
  • You pay the annual fee of S$192.60 for 10,000 miles

A better offer for cashback

If you’re after cashback, use the code DBSFLASH and apply by 6 August 2020.

You’ll receive S$200 cashback when you make at least one qualifying transaction (of any amount) within 30 days of approval. For more details, read this article.

What spending is excluded?

Do note that DBS excludes the following transactions when calculating whether the qualifying spending has been met:

a. posted 0% Interest Instalment Payment Plan monthly transactions,
b. posted My Preferred Payment Plan monthly transactions,
c. interest, finance charges, cash withdrawal, balance transfer, smart cash, AXS payments, SAM online bill payments, bill payments via internet banking and all fees charged by DBS;
d. payments to educational institutions;
e. payments to financial institutions (including banks, online trading platforms and brokerages);
f. payments to government institutions and services (court cases, fines, bail and bonds, tax payment, postal services, parking lots and garages, intra-government purchases and any other government services not classified here);
g. payments to hospitals;
h. payments to insurance companies (sales, underwriting and premiums);
i. payments to non-profit organisations;
j. payments to utility bill companies;
k. payments to professional service providers (including but not limited to accounting, auditing, bookkeeping services advertising services, funeral service and legal services and attorneys);
l. any top-ups or payment of funds to payment service providers, prepaid accounts and any prepaid accounts (e.g. EZ-Link, GrabPay, NETS FlashPay, Transit Link, Singtel Dash);
m. any betting transactions (including levy payments to local casinos, lottery tickets, casino gaming chips, off-track betting and wagers);
n. any transactions related to crypto currencies; and
o. any other transactions determined by DBS from time to time

Any supplementary cardholder spending will be combined with the principal cardholder’s in determining qualifying spend.

When do I get my gift/bonus miles?

For those using the DBSALT/ALTAF codes, bonus miles will be credited to your account within 180 days from the date of card approval.

For those using the 200CASH/150CASH codes, cashback will be credited to the card account within 150 days from the date of card approval. 

Here’s the respective T&Cs:

DBSALT/ALTAF 200CASH/150CASH
T&C T&C

Recap: DBS Altitude Basics

dbs altitude amex reviewApply Here
dbs altitude visa reviewApply Here
Income Req. S$30,000 p.a  Points Validity No Expiry
Annual Fee S$192.60
(First Year Free)
Min.
Transfer
5,000 DBS Points
(10,000 miles)
Miles with
Annual Fee
10,000 Transfer
Partners

•Singapore Airlines
•Air Asia
Cathay Pacific
Qantas 

FCY Fee 3% (AMEX)
3.25% (Visa)
Transfer Fee S$26.75
Local Earn 1.2 mpd Points Pool? Yes
FCY Earn 2.0 mpd Lounge Access? Yes 
(Visa)
Special Earn 3 mpd on online flight and hotels, 6-10 mpd on Expedia, Agoda, Kaligo Airport Limo? No
Cardholder Terms and Conditions

The DBS Altitude is a solid all-round option for a general spending card. Cardholders earn 1.2/2.0 mpd on local/foreign currency spending ,with a bonus rate of 3 mpd on online flight and hotel transactions. 

The Visa version comes with two Priority Pass lounge visits, and points pool across various DBS cards. 

For an extensive review of the DBS Altitude, including transfer partners and points calculations, have a read of the article below:

Review: DBS Altitude Card

Conclusion

DBS continues to maintain the same offers for the Altitude cards until the end of Q3 2020 at least, although it’s also started to roll out some non-miles offers in recognition of the fact that people can’t fly right now. 

This is about as good as any DBS Altitude sign-up offer we’ve seen in the past year, so it’s definitely one to consider if you’re looking for a general spending card. 

Aaron Wong
Aaron founded The Milelion with the intention of helping people travel better for less and impressing chiobu. He was 50% successful.

Similar Articles

Comments

Subscribe
Notify of
guest
1 Comment
Oldest
Newest
Inline Feedbacks
View all comments
Qwerty

Is Cardup transaction consider part of qualifying spend?

CREDIT CARD SIGN UP BONUSES

Advertisment

Featured Deals

Advertisment

Follow us

6,566FansLike
2,641FollowersFollow

RECENT COMMENTS

TAGS