DBS Altitude cardholders can now register for this promotion to get a generous 5 miles per dollar earn rate on foreign currency spend in the months of November and December 2024.
Registration is limited to the first 10,000 cardholders and needs to be done via the PayLah! app each month. November 2024’s promo is already opened for enrolment so check your PayLah! app now.
No DBS Altitude yet? Sign up below and get 2 complimentary lounge visits via Priority Pass (with the Visa version) and the sign-up promo below for new DBS/POSB cardholders:
DBS Altitude
(Amex or Visa)
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For new DBS/POSB cardholders
| Annual Fee Waiver | Annual Fee Payment | |
| American Express | ALTAW25 25,000 bonus miles  |
ALTA35 25,000 bonus miles + 10,000 miles |
| Visa | ALTVW2020,000 bonus miles |
ALTV3020,000 bonus miles + 10,000 miles |
is my recommended optionSpend S$800 on eligible transactions within 60 days from approval.
Last date to apply: 31st January 2025
Please remember to use the promo codes.
Get 1.3 mpd for local spend. Free Priority Pass membership which gives 2 complimentary lounge vists a year (exclusive to Visa version only).
Promo Details
To qualify for the earn rate, cardholders must first register for the promo with the PayLah! app. It be found in the Rewards tab under More Promotions:
As of writing (5PM, 26th October 2024), there are 6,513 slots available.
The promo is applicable for both the Visa and American Express versions of DBS Altitude. Bonus miles will be given in the form of DBS Points:
| Base | Bonus | |
| Earn Rate | 2.2 miles per dollar (5.5 DBS Points per S$5) |
2.8 miles per dollar (7 DBS Points Per S$5) |
| Minimum Spend | None | S$1,000 |
| Maximum Spend | None | S$2,000 |
| Fulfilment | When transaction is posted | 16th of following month |
The minimum spend of S$1,000 needs to be in foreign transactions and both in-store and online purchases would count. Also, the maximum spend of S$2,000 is on a per card basis. This means that if you have both the Visa and American Express versions of the card, you can earn 5 miles per dollar on up to S$4,000 of spend (assuming you hit the minimum spend requirement on each card).
Seth
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Paying 3.25% fee for 5 miles per dollar is a great deal
DBS credit cards charge 3.25% for foreign currency transactions. Generally, paying 3.25% for 4 miles per dollar is an okay thing to do; each mile is essentially bought at 0.81 cents.
Getting 5 miles per dollar for the same 3.25% fee is hence a very good deal indeed. I value miles at around 1.25 to 1.5 cents each, so 5 miles per dollar is equivalent can be said to be at least 6.25% of rebate which is well in excess of the 3.25% fee.
I did a video recently on travel cards to use, so check that out if you want to see alternatives:
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H/T: Milelion
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