The Altitude Visa Signature Credit Card is one of the most popular credit cards offered by DBS in Singapore. The card comes loaded with a range of exciting features and benefits. Predominantly an air miles credit card, the card lets you earn miles on every dollar you spend, both locally and overseas. Let’s take a look at the most prominent features and benefits associated with the card, while we also discuss the fee details, eligibility parameters and more.
As a DBS Altitude Visa Signature Credit Card holder, you will receive a travel insurance cover of S$1 Million. This covers various aspects of travel inconvenience and personal liability. Accidents or inconveniences sustained during travel or during the time of your vacation are covered under the insurance plan. The insurance product offered by DBS is called TravellerShield. The insurance covers both you and your family members.
|Type of fee||Amount payable|
|Annual fee||S$192.60 (1 year annual fee waiver)|
|Interest rate||25.9% p.a.|
|Late payment charges||S$100 if outstanding amount is more than S$50|
|Cash advance fee||6% of the withdrawn amount|
|Interest on cash advance||28% p.a.|
If you want to apply for the DBS Altitude Visa Signature Credit Card, you have to visit the DBS website and fill out the online application form available on the bank’s website. You’ll also have to submit your documents – proof of identity, residence and income – following which the bank will get in touch with you and clarify your details. Your application will then be reviewed, and approved if your profile meets the bank’s internal credit norms.
The following eligibility parameters need to be met in order to apply for the DBS Altitude Visa Signature Credit Card:
The DBS Altitude Visa Signature Card allows you to make cash withdrawals from ATMs, both domestic and overseas. These withdrawals will attract a cash advance handling fee, amounting to 6% of the withdrawn amount, and interest charges (compounding interest) that currently stands at 28% p.a. The interest will be charged on an everyday basis until the entire amount is repaid in full.
Foreign currency transactions performed using the card will attract an administrative fee which is levied by the bank, and a currency conversion fee levied by the card association.
Currently, the administrative fee charged by DBS can go up to 1.8%. Retail transactions will be charged with a currency conversion fee, charged by the card association, of 1% on the converted Singapore dollar amount.
As a cardholder, you are required to make a minimum monthly payment of 3% of your total outstanding balance by the due date in order to avoid any penal charges. It is advisable to pay off your entire bill every month if you don’t want to attract any interest charges.
The annual rate of interest on transactions is 25.90% p.a. Interest is calculated and levied at a compounding rate.
If your credit card is lost or stolen, you must contact the bank immediately and inform about the loss/theft of your credit card. You must provide details of your card and information on the most recent transactions you’ve performed using your card. The bank will then verify your identity and block your credit card, disallowing further transactions from taking place. Note that the liability for lost/stolen credit card is S$100. Banks will investigate if you’ve acted fraudulently or in gross negligence, especially in the light of unauthorised transactions that have taken place on your card before you’ve reported the loss/theft of your credit card.
Runtime â€“ This is an ongoing promotional offer.
Particulars â€“ Charge your DBS Altitude Visa Signature Credit Card with SGD 1,000 and avail 8,000 bonus miles. This must be done within the first two months from date of approval of the credit card.
Terms and Conditions â€“ Please, get in touch with DBS Bank to know more about the terms and conditions of this particular promotional offer.
Earlier known as the Development Bank of Singapore, the DBS Bank offers a host of credit cards that come with a plethora of lucrative offers and exclusive privileges. Offers on almost every card from DBS bank are categorised into base offers and time sensitive offers.
For the Altitude Visa Signature Credit Card, DBS has put up a new time bound offer that ends by June 30, 2016. The offer is valid if the card is applied for online through the portal of DBS. Post the issuance of the card, one can charge a minimum of 1000 Singaporean Dollars per month to the card for the first two months and earn 8000 bonus miles. These miles can be used to avail air tickets or redeemed for discounts. Standard terms and conditions of DBS bank will apply for this offer.
19th April 2016
Runtime - This is an ongoing promotion that is valid until March 30, 2016.
Particulars – This promotion is valid for new DBS / POSB credit card customers.
• Apply for a DBS Altitude Visa Signature Card within the promotion period (March 30, 2016).
• Spend a minimum amount of SGD 1000 each month on your new credit card for the initial 2 months from your card approval date and you will earn 8000 bonus miles.
Terms and Conditions –
• Applicants who have cancelled their Card within the last 12 months before the commencement date of the promotion will not be eligible to apply for this promotion.
• The earned points will be credited in the qualifying member’s card account within 60 days of the last month where the qualifying purchase was made.
• For further details on this promotion or for more information on the terms and conditions, please feel free to contact the bank.
Run Time-This is an ongoing offer
Particulars- With the DBS Altitude Visa Signature Card you can make all your payments at more than two thousand merchant outlets, just by tapping on your card. No pin or signature is required while transactions. Enjoy more with the fastest miles earning card in Singapore.
Terms and Conditions - Please, contact the bank for more information about the terms and conditions.
08th September 2015