DBS Altitude Visa Signature Card
SG Budget Babe
Asked on 27 Nov 2019
Just read about triple dipping - use credit card (can anyone verify if DBS altitude visa recognize this?) to top up grabpay, and grabpay to top up fave pay.
So paying by fave pay earns us cashback, which in turn earns us grabpoints on grabpay, and in turn earns us miles on DBS altitude. Sounds like maximizing all benefits, provided merchant accepts fave pay.
Is there any pro vs cons analysis? Say paying grab using Altitude gains you 4 mpd compared with topping up grabpay earns you 1.2 mpd only
Technically, quadruple dipping is possible, e.g. you spend at a CapitaMall, earning STAR$ under their programme (bonus 50% with a passion card linked to your STAR$), cashback on Fave, grabpoints on grabpay, which you topped up with an eligible card, earning 4mpd.
The DBS promo grants you 4 mpd for Grab and gojek until 31 Dec 19, capped at S$1,200 for the entire period. Registration is required. Grabpay is not explicitly mentioned so it would be better to call in to check. Supposedly Citi Rewards Visa users are getting 4 mpd on this. Or, the Amex KF cards if you really want to be sure of getting the extra mpd.
4 more comments
28 Nov 2019
28 Nov 2019
For DBS Altitude card where it is giving 4 miles per dollar, there is no concrete way to verify on the transaction (Grab) until after the end of the promotion, which is 31 Dec 2019.
Side Note: Try to avoid calling the customer service staff to check on such matters.
As always for all spending on credit cards, ensure that you are spending money that you have, not on future money. For example, if I only have $1k in my bank, I will not swipe $2k on my credit card. This is a dangerous move and can cripple your finances easily, alongside with your credit score (long-term implications are huge).
Fave + Grab + credit card is a good combinaton to stack the cashback, points, as well as whatever perks your card is giving you.
There are many ways that you can maximise miles (or cashback). It depends on how in-depth you are into it. 😉
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28 Nov 2019
This is not so much an analysis of triple dipping, but more of alternatives of DBS Altitude to top up GrabPay. You could also consider AMEX Krisflyer (3.1 mpd) and Citi Rewards (4mpd) to conduct the triple dip.
Use UOB one Card to maximise the triple dipping effect because you get 5% top up on grab transactions.
The other triple dipping is Credit Card- Fave- SIngtel Dash (via AXS Mobile payment) for grocery use
Just want to answer your first sub question -- Yes DBS recognise topping up grab as a valid transaction and will award 1.2mpd.
With regard to pro and con analysis, the pro is you triple dip. Miles+Casback+Grab Rewards Points is a combo hard to ignore.
Con wise.. I can't think of any although I think you should use other cards to top up Grab, like Citi Rewards and Maybank Horizon VS.
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