Excellent Deal: DBS Altitude Offering Up to 40,000 Miles For New and Existing Customers

Update: promo has been upsized from 1st August to 30th September 2023

Have S$2,000 of spending, especially on online flights or hotel transactions? This is a great deal for you to consider with lots of miles to be earned.

If you are yet to be a principal DBS/POSB cardholder, you can get up to 37,000 miles 40,000 miles with the DBS Altitude Amex Card. Even if you already have a DBS/POSB card, you can still get up to 26,000 miles, which is a great deal considering how most banks don’t even offer rewards for existing cardholders these days.

New to DBS/POSB cardholders

Card	DBS Altitude (Amex)	DBS Altitude (Amex) ⭐️	DBS Altitude (Visa)	DBS Altitude (Visa)
Offer	Up to 37,000 miles	Up to 27,000 miles with annual fee waiver	Up to 31,000 miles	Up to 21,000 miles with annual fee waiver
Promo code	ALTMEX	ALTMEXW	ALTVIS	ALTVISW
(A) Bonus Miles With S$2,000 spend	21,000 miles	21,000 miles	12,000 miles	12,000 miles
(B) Miles earned on S$2,000 (base 1.2 mpd earn rate)	2,400 miles	2,400 miles	2,400 miles	2,400 miles
(C) Bonus miles if S$2,000 spent on online hotels/flights (bonus 1.8 mpd earn rate)	3,600 miles	3,600 miles	3,600 miles	3,600 miles
(D) Payment of $194.40 annual fee	10,000 miles	Not applicable	10,000 miles	Not applicable

The headlining “37,000 miles” is due assuming you achieve (A) + (B) + (C) + (D).

I don’t think (D) is advisable as paying S$194.40 for 10,000 miles is a rather expensive way to buy miles. There are many other ways to purchase miles at less than this 1.94 cents per mile rate.

Ideally, you should just complete (A) + (B) + (C) for the the best earn rate for this promo, and this can be done just by buying S$2,000 worth of flights or hotels online.

Even if you spend on other things outside of online flights/hotels transactions, just completing (A) + (B) gives you good value. With the DBS Altitude Amex offer, you get 23,400 miles on S$2,000 of spend which is a staggering 11.7 miles per dollar earn rate.

For existing DBS/POSB cardholders

Card	DBS Altitude (Amex)	DBS Altitude (Amex) ⭐️
Offer	Up to 26,000 miles	Up to 16,000 miles with annual fee waiver
Promo Code	ALTMEXA	ALTMEXAW
(A) Bonus Miles With S$2,000 spend	10,000 miles	10,000 miles
(B) Miles earned on S$2,000 (base 1.2 mpd earn rate)	2,400 miles	2,400 miles
(C) Bonus miles if S$2,000 spent on online hotels/flights (bonus 1.8 mpd earn rate)	3,600 miles	3,600 miles
(D) Payment of $194.40 annual fee	10,000 miles with  payment of 1st year card annual fee of S$192.60 (Inclusive of GST)	Annual Fee waived
Total	26,000 miles	16,000 miles

Existing cardholders are not left out of this promo as long as you don’t have a DBS Altitude Amex card.

Again, I recommend not paying the annual fee for the extra 10,000 miles.

The promo is also best if your S$2,000 spend is on online hotels/flights because of the bonus 1.8 miles per dollar earn rate, but it’s not too shabby even if you are just spending the S$2,000 on other transactions. Even on ordinary spend, 12,400 miles on $2,000 of spend is a handsome 6.2 miles per dollar earn rate.

What I would do to maximise the current promos

Personally, if I were a new DBS/POSB cardholder, this is what I would do:

• Apply for DBS yuu card first (S$260 reward)
• Apply for the DBS Altitude Amex as an existing DBS cardholder with fee waiver (16,000 miles)

As a new customer, you do get 11,000 more miles from this promo compared to an existing cardholder, but applying for this promo would preclude you from the S$250 promo of the DBS yuu.

The DBS yuu promo does come with another S$500 of spend requirement, but I think it’s well worth it since S$260 is worth significantly more than 11,000 miles in my books.

If you already have a DBS/POSB card, this Altitude promo is a no-brainer. The 6.2 miles per dollar earn rate you’d get from spending the S$2,000 almost anywhere is unbeatable by virtually every other miles card. It is also a lot more easier to fulfil than high-earn cashback cards‘ conditions. This is definitely an excellent promo.

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