The DBS Altitude American Express credit card is the quintessential miles and travel credit card in the DBS line-up. This card allows cardholders to earn miles on every expense charged to the card and offers some great travel privileges such as discounts on airfare as well as specially curated travel packages to exotic destinations.
Being an air miles credit card, the DBS altitude American Express Credit Card, the card lets you earn air miles which work similar to reward points.
When air fare is purchased solely using the card, the cardholder receives a complimentary travel insurance policy with a cover of up to S$1 Million. This policy covers unforeseen scenarios such as accidental death or permanent and total disability.
|Type of fee||Amount payable|
|Annual fee||The annual fee of the card is S$192.60. The annual fee for the first year is waived.|
|Supplementary card fee||The annual fee for the supplementary card is S$96.30 for each supplementary card. The annual fee for the supplementary card is waived for the first year.|
|Interest rate||Card transactions are charged an interest rate of 25.9% per annum and late payment of dues attracts an additional interest rate of 3%.|
|Late payment charges||The fee is based on outstanding dues. If the outstanding amount is less than S$50 then no fee is charged but if it is S$50.01 or more, a fee of S$80 is charged.|
|Cash advance fee||The fee is 6% of the amount withdrawn. Cash advances have a minimum fee of S$15.|
Cardholders will be charged for transactions carried out in foreign currencies. Such transactions effected in US Dollars are converted into Singaporean Dollars. Transactions made in any other currencies are converted into US Dollars and then into Singaporean Dollars. The rate of exchange used for conversion will be the prevailing rate at the time of posting and not at the time the transaction was made. The fee imposed is an administrative fee of 2.65% on the converted Singaporean Dollar amount. In addition to this fee, a fee of 1% of the converted Singaporean Dollar amount is charged by Visa/MasterCard and 0.6% of the converted Singaporean Dollar amount is charged by UnionPay.
For those transactions made in foreign currencies and converted using Dynamic Currency Conversion, a fee of 2.8% is charged on the converted Singaporean Dollar amount. This fee is inclusive of a 1% fee imposed by Visa/MasterCard.
Those transactions that are made overseas but effected in Singaporean Dollars are charged a fee of 2.8% on the converted Singaporean Dollar amount. This fee is inclusive of a 1% fee imposed by Visa/MasterCard.
Candidates can apply for this card via 2 channels. They can either visit their nearest DBS branch or visit the DBS website and apply for the card. Cardholders must complete the application form and provide the required income documents to successfully avail the card.
Applicants need to provide the following documents to avail the DBS Altitude American Express card.
Interest rates charged on the DBS Altitude American Express card for transactions is 25.90% per annum charged on a daily basis. This interest rate is charged when the dues owed are not paid in full by the specified due date. If cardholders fail to make the minimum monthly payment on time, then a penalty interest rate of 3% in addition to the prevailing interest rate is charged. This penalty rate will stop being charged when all previous outstanding dues have been cleared. Interest rates charged on cash transactions is 28% per annum charged on a daily basis from date of cash advance until it has been fully repaid. Interest rates are subject to change as per discretion of the bank and cardholders must check with DBS to find out prevailing interest rates of the product.
DBS Altitude American Express cardholders are required to make a minimum monthly payment that is S$50 or 3% of the outstanding balance plus any previous dues, whichever is higher. If cardholders exceed their credit limit, then the amount they are exceeding it by should also be paid in addition to the monthly minimum payment.
Cardholders must notify DBS immediately if they have lost or misplaced or have had their DBS Altitude American Express card stolen. DBS will then limit the liability of the cardholder against unauthorised transactions made on such cards provided it is satisfied that the cardholders had notified them in time and that the loss or theft did not take place due to sheer negligence on part of the cardholder.
Runtime - This is an ongoing promotion that started on February 1, 2016 and is valid until April 30, 2016.
• During the promotion period you will earn 6 miles for every SGD that you spend on expedia.com.sg/dbsaltitude.
• In addition to this, you will earn 2 extra miles for every SGD 1 that you spend when you make a purchase of SGD 2500 and above in a single transaction. This will give you 8 miles per SGD 1 spent.
Terms and Conditions –
• For every SGD 1 spent on single transactions worth SGD 2499 and lesser on the Expedia website, you will earn 3 miles.
• You will earn additional 5 miles for every SGD 1 that you spend on single transactions worth SGD 2500 and above.
• For further details on this promotion or for more information on the terms and conditions, please feel free to contact the bank.