Found the below in DBS Rewards T&C:
2.8 DBS Points awarded in the first year commencing from the date the Card Account is opened ("Account Open Date"), shall be redeemable only during the period of up to 12 months from the date the Card Account is opened (which will be reflected as the expiry date on the Credit Card statement), failing which the points will expire and be reduced to zero. Points earned in each successive year will expire a year from the earned date, with the exception of DBS Treasures Black Elite American Express® Card, DBS Altitude American Express® Card and DBS Insignia DBS Points, which will have no expiry. For the avoidance of doubt, points that have expired cannot be used under the DBS Points Redemption Programme and/or transferred to any loyalty or frequent flyer programme as DBS may from time to time make available in conjunction with the DBS Points Redemption Programme.
Can anybody confirm the first line?