Currently in Singapore, DBS Altitude Card has been recognized as one of the best miles credit card with an annual fee waiver.
The card lets you earn miles in one of the fastest ways possible. You can earn 3 miles with every S$1 spent on this card. You will receive up to 10 miles (in the form of DBS Points) with every dollar spent on hotel and flight bookings on Expedia and Kaligo. The best part about this card is that your accumulated miles do not have any expiry period. If you are a DBS Altitude Visa Signature Cardmember, then you will get free access to Global Airport Lounges every year.
For more information on the promotion or the terms and conditions, please contact DBS.
For full terms and condition, visit https://www.dbs.com.sg/iwov-resources/pdf/cards/altitude-card-T&Cs.pdf
DBS Altitude Card is one of the miles credit cards that offer free travel accident insurance protection up to S$1 million. You, your spouse, and your dependent children are covered under this free plan. The insurance policy is underwritten by Chubb Insurance Singapore. To enjoy this benefit, you must charge the complete travel fare on a public conveyance to this credit card. The key benefits are:
The table below shows the sum assured to each insured person by DBS:
|Insured person||Assured sum (S$)|
|You and/or your legal partner||1 million|
DBS has a 0% instalment payment plan called Instalment Payment Plan (IPP). This plan requires a one-time processing fee and can be set up directly with any of the bank’s participating merchants. All you need to do is ask for the plan at the merchant outlet before you make any purchase. Under IPP, you can spread out your payments over 3 to 24 months. The total purchase amount will be charged to your credit card and will decrease with every instalment paid over the plan period. You can track your monthly repayment amount through your DBS credit card statements.
If you are not purchasing from the bank’s participating merchants, you can opt for My Preferred Payment Plan. Under this plan, you can enjoy 0% interest rate and divide your payments over 3 to 24 months. My Preferred Plan has a low processing fee of up to 6% and an EIR (Effective Interest Rate) of up to 5.98% every year. Alternatively, you can even choose the Income Tax Payment Plan, which has a one-time processing fee of 3% for 12 months and an EIR of 5.63% p.a. This plan lets you earn DBS reward points.
The fees and charges for DBS Altitude Card are as follows:
|Fees type||Amount payable|
|Principal card annual fee||S$192.60 (First year waived)|
|Supplementary card fee||S$96.30 (First year waived)|
|Effective Interest Rate||25.9% p.a.|
|Applied Interest Rate||2.1% per month|
|Minimum monthly payment||S$50 or 3% of the current bill (whichever is greater) + overdue amount (if applicable)|
|Late payment fee||S$100 if the outstanding amount exceeds S$50|
|Cash advance fee||6% of the withdrawn amount or S$15, whichever is greater|
|Cash advance interest||28% p.a.|
All DBS credit cards use a technology known as the EMV Chip. This chip is a magnetic stripe which protects the card from the risk of illegal transactions. The EMV chip secures your data in an encrypted form and remains disabled for overseas use. This technology is not widely accepted in all countries except USA, Japan, and Korea.
Your DBS Altitude Card uses this magnetic stripe, but for safety reasons remains inactive until you choose to activate it. If you are traveling out of Singapore and want to use your card, you will have to activate the EMV chip on your card through either an SMS, internet banking, Digibank app or any of the DBS ATMs in Singapore.
If you purchase in currencies other than Singapore dollar (SGD), then the foreign currency needs to be converted before confirming the payment. The US dollar (USD) transactions are converted directly into SGD. Any other currencies will be converted into USD first and then into SGD. The conversion rates are decided based on the wholesale interbank rates or the government-mandate rates.
Say you have made a purchase of US$100. The merchant will convert this amount to SGD, which is S$132 (US$1=S$1.32) before confirming the payment. If your card is a Visa or a MasterCard, then the payment network will charge 1% on the amount converted (1% of 132 = S$1.32) and an administrative fee of 1.8% (1.8% of 132 = S$3.276). So, the total amount that you need to pay to the merchant is S$136.596 for a US$100 foreign currency transaction (132 + 1.32 + 3.276).
Imagine you are in a situation where you need money urgently and do not have the time to go for a personal loan, you can opt for cash withdrawals from your credit card. The day you withdraw the money, an interest rate of 28% p.a. will be applicable. You will also have to pay a cash advance fee of minimum S$15 or 6% of the amount you have withdrawn.
If you wish to apply for this card you can:
You can pay your credit card balance through:
In case you misplace your card or it gets stolen, you must notify the bank immediately. You will be asked to provide details of your card and information on the last transaction that you have performed on your card. You will also have to provide a police report along with a written confirmation of the loss or theft of your card. DBS will investigate if you have lost the card due to negligence or you were a part of any fraudulent activity. Once the bank is convinced that the loss or theft of the credit card was not your fault, it will block your card and disallow all further transactions. The maximum liability of stolen or lost card is S$100.
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