3,000 Miles Bonus for DBS Altitude American Express Credit Card

I’ve updated this review to cover the current promotion with DBS available until the 30th April 2016.  The DBS Altitude American Express Credit Card is another Singapore Airlines KrisFlyer earning credit card available in Singapore.

DBS Altitude American Express Credit Card Review

About the DBS American Express Credit Card

The DBS Altitude American Express Credit Card is issued by DBS in Singapore and is a American Express branded card, it rewards you with DBS points. This card is issued in Singapore, and Air Asia Big, Asia Miles and KrisFlyer members can earn through this card via a transfer.

Sign-Up Bonus

DBS is currently offering a sign-up bonus of 3,000 Miles until the 30th April 2016 on the card,  which is the biggest I’ve seen for the Amex version.

The Visa version on occassion has higher sign-up promotions so check out that card here:

DBS Altitude Visa Signature Credit Card Review

Other Benefits

There are only a couple of additional benefits for the card: Travel Insurance and the DBS Butler service.  You’ll also get access to DBS dining privileges and well as American Express Selects.

What is the Annual Fee?

Principal Card: S$ 192.60 p.a. (waived for the first year)

Supplementary Card: S$ 96.30 p.a. (waived for the first year).

Bonus for Renewal?

Upon renewal of annual membership you will receive 5,000 DBS Points (10,000 KrisFlyer Miles), at a cost of S$192.60 (or 1.92 cents per Mile). This is one of the best annual renewal offers and is a very cheap way of buying KrisFlyer Miles.  Check out all of the renewal bonuses in the link below:

Buy KrisFlyer Miles Cheaply With Credit Card Renewals in Singapore

What Do You Earn per $1?

The DBS Altitude American Express Credit Card has a slightly complicated structure whilst the promotional bonus is on so for the first 6 months from sign-up you’ll get the promotional rates and then the usual rates afterwards:

Promotional period (first 6 months):

  • Local spend: S$1 = 0.9 DBS Points
  • Overseas spend: S$1 = 1.5 DBS Points
  • Online Flight and Hotel Transactions: S$1 = 2.25 DBS Points

Usual Earning Rates:

  • Local spend: S$1 = 0.6 DBS Points
  • Overseas spend: S$1 = 1 DBS Points
  • Online Flight and Hotel Transactions: S$1 = 1.5 DBS Points

What are DBS Points Worth?

The points earned on the DBS Altitude American Express Credit Card are earned in DBS Points which are effectively another currency. These can be exchanged into three different frequent flyer programs: KrisFlyer, Asia Miles and Air Asia Big. For KrisFlyer Members these are the effective earning rates based on a conversion ratio of 2 to 1:

Promotional period (first 6 months):

  • Local spend: S$1 = 1.8 KrisFlyer Miles
  • Overseas spend: S$1 = 3 KrisFlyer Miles
  • Online Flight and Hotel Transactions: S$1 = 4.5 KrisFlyer Miles

Usual Earning Rates:

  • Local spend: S$1 = 1.2 KrisFlyer Miles
  • Overseas spend: S$1 = 2 KrisFlyer Miles
  • Online Flight and Hotel Transactions: S$1 = 3 KrisFlyer Miles

The points don’t expire but there is an enrollment fee into the DBS Frequent Flyer programme of S$42.80.

How Does this Compare?

Comparing this card and the Visa version it’s a difficult choice as the earning rates on this card are better, but the promotional bonus is lower,

Conclusion

  • Sign Up Bonus – 6/10
  • Ongoing Spend – 9/10

I’ve given the sign-up bonus 6 out of 10 because of the current sign-up promotion, a small 3,000 Miles but nonetheless a sign-up bonus.

For ongoing spend for the first 6 months the card is excellent, offering a massive 4.5 miles per $S1 on Flight and hotel spend.  After the promotional period I’d say this is a 7 with decent rates, but not the best available.

One let down of the DBS Amex is that there are few ancillary benefits like the ANZ Travel Visa Signature Credit Card which has unlimited lounge access.

Here is the link to the DBS website for more information:

DBS Altitude American Express Credit Card

Here are some other useful links on the site for those looking at Singapore Airlines KrisFlyer Earning credit cards:

I don’t have this card what do you think of it?