DBS Altitude Visa Signature Card
Asked on 11 Feb 2020
My altitude card used to earn miles based on every $2 earned. But I just went to look at the T&Cs today and found this “ for every S$5 local spend” - similar to the UOB PP/VS. can anyone confirm this?
Here how it works.
1 DBS Point = 2 Miles (Krisflyer or Asia Miles)
For every $5 spent, you earn 3 DBS Points, which is 6 Miles. Divide it out (6 Miles/$5) and you get 1.2 MPD.
The actual formula (Spending/5)*3.
So if i spend $10, throw the numbers into the formula ($10/5)*3=6 DBS Points = 12 Miles.
The minimum amount to hit to get points is $1.67. You get points as the minimum spending based on the formula is $1.67. Throw that into the formula, ($1.67/5)*3 = 1
"for every $5 local spend" is just a simpler way to explain. Imagine throwing the formula and $1.67 points at people and you will lose their attention.
15 Feb 2020
Yes, it is written in the terms and conditions: https://www.dbs.com.sg/iwov-resources/pdf/cards/altitude-card-T&Cs.pdf
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.
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