DBS Altitude Deal: up to 37,000 Miles For New or Existing Cardholders

Until 31st January 2024, sign up for DBS Altitude and get up to 37,000 miles! The number of miles depends on whether you are a new or existing DBS/POSB cardholder as well whether you pick the American Express or Visa variant of the card.

Promo details

For new cardholders, the American Express version gives the better sign-up reward so I suggest you opt for it. DBS Altitude Visa does give 2 complimentary lounge visits a year which the Amex version doesn’t, but you can always get the Visa version after securing your DBS Altitude Amex sign-up reward.

For existing DBS/POSB cardholders, only the Amex variant gives rewards.

Whether you are a new or existing cardholder, I wouldn’t recommend paying the annual fee for the additional 10,000 miles. S$194.40 for that amount of miles represents 1.94 cents per mile which is quite pricey.

DBS Altitude
(Amex or Visa)

🔥 👍🏼

For new DBS/POSB cardholders

Annual Fee WaiverAnnual Fee Payment
American ExpressALTA50
43,400 bonus miles ⭐️
43,400 bonus miles + 10,000 miles
36,400 bonus miles
36,400 bonus miles + 10,000 miles
⭐️ is my recommended option

Spend S$3,000 on eligible transactions within 60 days from approval.

Until 31st May 2024

⚠️ Please remember to use the promo codes.

Terms and Conditions

  1. Terms and conditions (save a copy for future reference)

Get 1.3 mpd for local spend. Free Priority Pass membership which gives 2 complimentary lounge vists a year (exclusive to Visa version only).

Breakdown of miles

DBS inflates the amount of miles you get by using the Altitude’s foreign currency earn rate of 2.2 miles per dollar, so let’s take a look at more realistic scenarios where you spend locally instead.

For a new cardholder who applies for the Amex version with fee waiver, the 27,000 miles is made up of:

  1. 22,600 bonus miles
  2. 4,400 miles from S$2,000 overseas spend

If your S$2,000 spend is done in local transactions, you’d get 2,600 miles instead at the 1.3 miles per dollar earn rate. Your total haul would be 25,200 miles instead.

The story is similar for existing cardholders who apply for the Amex card with fee waiver. The 16,000 miles is made up of:

  1. 11,600 bonus miles
  2. 4,400 miles from S$2,000 overseas spend

Again, if your spend is made locally, your total haul is 14,200 miles.

These aren’t bad earn rates, but bank marketing tends to inflate numbers so I did the math for more transparency to how much bonus miles you are getting.

Compared to using a 4 or 6 miles per dollar card

Given that the S$2,000 minimum spend can be put on a 4 or even 6 miles per dollar card, is this promo still worth it?

Miles From S$2,000 Spend
New Cardholder Promo25,200 miles
Existing Cardholder Promo14,200 miles
6 miles per dollar card12,000 miles
4 miles per dollar card8,000 miles

This means that even if your S$2,000 spend can earn a high 4 or 6 miles per dollar earn rate from your existing credit card (and there are many situations it will not), it is still worth it to sign up for this promo to get more miles.

Make sure to sign up above and use the appropriate promo codes.

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