Would a Netflix and iTunes transactions count as overseas spending or a local spend for a DBS Altitude Visa Signature card?
I notice they are charged in USD and then converted to SGD in our bank statements. Anyone using DBS altitude and can shed some light? Which types of online transactions charged in foreign currency have counted as overseas spending for you?
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DBS Altitude VISA Signature
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Actually it’s a bit more technical as it depends on the payment gateway, which is hard to know, really. If a foreign company use a local bank to process our payments, it is a local spend, even though you seem to be paying in foreign currency. If they use a foreign bank to process the payment, then it is considered overseas spend. In my case I use my DBS Altitude Visa Signature card to subscribe to a New York Times and it is confirmed that the payment is processed by a foreign bank as I received the points for overseas spent.