Wayne Lim - Seedly
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Wayne Lim

On the hunt to maximise $ through smart and informed financial decisions

Wayne Lim

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On the hunt to maximise $ through smart and informed financial decisions

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Wayne Lim

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DBS Altitude Visa Signature Card

Credit Cards

DBS Altitude needs>2000/month to waive the annual fee, or pay 193 for annual fee and receive 10000 miles. Can I cancel the card after 1 year and reapply? Will it affect my credit score? Would you give $193 for 10000 miles a consideration? Thanks!?
Wayne Lim
Wayne Lim
Level 3. Wonderkid
Updated on 07 Jun 2019
1) Yes, I believe you can cancel the card and reapply. 2) Credit score has many other factors that contribute to your overall score, I'm not too sure how drastic the score will be affected but I won't worry too much as long as I pay my bills regularly. 3) It depends on how you value your miles. $193 for 10000miles is valuing it at 2cents per mile. If you value it at 2cents, then you are buying it for your percieved value. Depending on how you redeem your miles, it can be worth more than 2cents, YMMV, so do some research first. But anyways, I guess your concern is, can I keep this card after 1 year without much cost? You can always call it for a credit card waiver, no harm trying right?
ūüĎć 4
Level 3. Wonderkid
37PointsGoal 40
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