Asked on 10 Feb 2020
I've always grouped these 4 cards together due to their similar mpd when it comes to generalised lifestyle local spending, but would it be wiser to switch over to the DBS Altitude now considering their new 17,000 miles promotion?
Assuming that you have been targetted for the 17,000 miles promotion and you have $6,000 spend coming up, it's a no brainer to sign up for the DBS Alt card to take advantage of the promotion.
On top of that, you also earn 1.5mpd for local spend made during the first 180 days which is the highest in the market at the $30k cards category.
To benefit on their sign on promotion, why not!. The honey moon period is always the best, its only after some time the marriage does not get benefical. In credit cards case, you can always switch to the next credit card easily that suits your spending behaviour.
So in my view, if you have enough expenditure to match the 17,000 miles promotion, go for it!
It depends on your needs and usage. Take note of the following for DBS Altitude:
Assuming that you are holding onto a DBS Altitude Visa card, here is the breakdown on how the points work:
For every $5 spent on online flight and hotel, you get 7.5 DBS points.
For every $5 spent on all overseas spend (in foreign currency), you get 5 DBS points.
For every $5 spent in local currency, you earn 3 DBS points.
Additionally, do note that the points calculated on each transaction is rounded down to the nearest whole number, e.g. $5.50 spent in local currency will yield 3 DBS points instead of 3.3 DBS points.
Furthermore, your DBS points will expire one year from the quarterly period in which they were earned, e.g. DBS points earned in Q1 2019 (1 Jan 2019 to 31 Mar 2019) will expire on 31 Mar 2020.
Now, in order to convert your DBS points to miles, the conversion rate varies across airlines. Let's use KrisFlyer for example, the conversion rate is 1 DBS point to 2 miles. Accordingly, for $5 of local spend, you will get 3 DBS points, which is equivalent to 6 miles. This is effectively 1.2 miles per dollar as advertised.
Finally, do note that there is a admin fee of $26.75 for the transfer of points to airline miles.
On the other hand, Citi PM issues miles that never expires. The details can go on for the other cards.
All in all, you will need to know what you want for the long term in order to attempt to choose the right card.
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25 Jun 2020