DBS is allowing you to buy miles at 2.2 cents each via the Altitude card. Should you take advantage of it? Short answer: no. Long answer: nooooooooooooo.
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...
DBS has launched a new promotion with Expedia that offers Altitude cardholders the chance to earn 8 miles per $1 on online hotel and flight transactions till 30 August 2016.
Remember that under the baseline T&C of the DBS Altitude card, you earn 3 miles per S$1 on online hotel...
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...