DBS Altitude Visa Signature Card
DBS Altitude Visa Signature Card
- S$1 = Up to 5 miles
- Overseas Spend (made in foreign currency)
- S$1 = Up to 2.2 miles
- on Online Travel Bookings
- 3.25%
- Foreign Currency Transaction Fee
Are you eligible?
- Valid for New Cardmembers only.
- Enter the respective promo code stated in the T&Cs during the online application process.
- Charge the minimum spend of S$800 within 60 days from card approval date.
What you need to know
- Use promo code ALTV30 to earn up to 30,000 miles
- Use promo code ALTVW20 to earn up to 20,000 miles with annual fee waiver
- Earn up to 20,000 sign-up miles with $800 spend
- Earn 10,000 miles with annual fee payment
All Details
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DBS Altitude Visa Signature Card Benefits 2024
Before deciding whether to get this card, let's delve into its eligibility criteria, perks, and drawbacks to determine if it complements your lifestyle, travel and spending habits.
Pros & Cons
Pros
- 4.3 miles per $1 spent on Agoda
- 2.2 miles per S$1 spent overseas
- 1.3 miles per S$1 spent locally
- No expiry on earned miles
- Annual fee waiver for first year
- Complimentary Priority Pass Digital Membership
- Miles will be awarded in the form of DBS Points
- Flexibility to offset your spending with DBS Points on DBS PayLah!, or redeem for shopping mall vouchers instantly at DBS’ participating merchants
- Any DBS Points that you’ve earned for local / overseas spend will be credited to your card account on the next day after the retail purchase transaction is posted to your card
Cons
- Interest rate of 27.80%, which is higher than other similar miles credit cards in the market
- Overseas spend must be made in foreign currency and not in SGD, so as to quality for the miles earn rate of 2.2 miles per S$1 on overseas spend
- A minimum of 100 DBS points and a retail transaction of S$1 or more is required to enjoy the flexibility to offset your spending with DBS Points on DBS PayLah!
Compare DBS Altitude Visa Signature Card vs. Citi PremierMiles Card vs. HSBC TravelOne Card
When it comes to air miles benefits, the DBS Altitude Visa Signature Card comes up on top with the most generous range of up to 60,000 miles, as compared to the CitiPremierMiles Card and HSBC TravelOne Card. However, the Citi PremierMiles Card offers the highest miles earn rate of 10 air miles per S$1 spent on online hotel and flight bookings.
In terms of annual fee, all three cards charge the same rate at the moment (as accurate at the time of writing on 15 July 2024). Currently, the HSBC TravelOne Card offers the lowest minimum interest rate chargeable as compared to the DBS Altitude Visa Signature Card and Citi PremierMiles Card.
As for the annual fee waiver aspect, the Citi PremierMiles Card requires a minimum spend of $800 per month for the first-year fee waiver, unlike the DBS Altitude Visa Signature Card and HSBC TravelOne Card which do not require any minimum spend for the first year waiver. However, both the DBS Altitude Visa Signature Card and HSBC TravelOne Card require a relatively high minimum spending of S$25,000 annually to be eligible for the second-year annual fee waiver.
In a nutshell, the DBS Altitude Visa Signature Card is worth getting if you're after its bonus miles with no expiry on miles/points earned, complimentary Priority Pass Digital Membership, miles rewards for Agoda hotel bookings, plus reward redemption with its exclusive selection of travel, frequent flyer programmes and hotel partners.
Interest rate: 27.80%
Annual fee: $196.20 (first year waiver available)
Minimum annual income:
Air miles benefits:
Interest rate: 27.90%
Annual fee: $196.20 (waiver upon request for existing cardholders, first-year fee waiver available for new cardholders with a minimum spend of S$800)
Minimum annual income:
Air miles benefits:
Interest rate: 26.90%
Annual fee: $196.20 for Year 1 (second year waiver available only upon minimum annual spending of S$25,000)
Minimum annual income:
Air miles benefits:
Find Out More About The Best Miles Cards In Our Blog Review!
Credit Card With Complimentary Travel Insurance Coverage
Many credit cards offer complimentary travel insurance, providing a safety net for your journeys. While benefits can vary widely between card issuers like Citi, AMEX, UOB, DCS, DBS Altitude, and CIMB, common coverages include:
- Purchase protection: Coverage for items purchased with your card and in the form of e-commerce coverage.
- Medical emergencies: Coverage for medical expenses incurred while travelling.
- Trip disruptions: Assistance with costs if your trip is cancelled or interrupted.
- Travel delays: Compensation for unexpected delays during your journey.
- Lost or Delayed luggage: Reimbursement for essential items if your baggage goes missing.
- Rental car coverage: Protection against damages or theft to your rental vehicle.
- Accidental coverage: Protection against unforeseen accidents during your trip.
Discover More About Credit Cards With Complimentary Travel Insurance
DBS Altitude Visa Signature Card Application
Here are 3 simple steps to apply for the DBS Altitude Visa Signature Card
Apply via MoneySmart’s credit cards page
You may begin your application by clicking on our DBS Altitude Visa Signature card application link.
When you choose to apply online via SingPass MyInfo, DBS will pull your identity and income data from SingPass (which is already verified), thus cutting short the processing time. The approval-in-principle page will appear within minutes of submitting your MyInfo.
Provide all documentation required
You’ll need to provide all the necessary documentation in order for DBS to approve your credit card application. This list of documents include:
Receive your DBS Altitude Visa Signature Card
You’ll be able to activate your DBS Altitude Visa Signature Card through the DBS digibank mobile app, and enter a One-Time Password (OTP) after keying in your 6-digit Online Banking PIN to secure all your credit card transactions. Thereafter, it’s ready for you to use on any of your purchases and you can track your cashback rewards and credit card statements with your DBS digibank app!
Frequently Asked Questions
Are there any fees if I apply for the DBS Altitude Visa Signature Card?
- The DBS Altitude Visa Signature Card charges an annual fee of $196.20 (first year waiver available) and other fees like late payment fee, minimum monthly payment, foreign currency transaction fee, cash advance transaction fee, overlimit fee.
Am I eligible for the DBS Altitude Visa Signature Card?
- If you’re a Singapore Citizen, Permanent Resident (PR), you’re eligible to apply for the DBS Altitude Visa Signature Card, as long as you’re aged between 21 and above, and earn a minimum annual income of $30,000 (for Singaporeans and PRs) or $45,000 (for foreigners).