Interest-free period | 25 days from the date of the statement of account |
Finance Charges For Card Transactions | Prevailing interest rate of 27.8% p.a. (subject to compounding if the charges are not repaid in full) on the transaction amount, chargeable on a daily basis from the date of transaction until receipt of full payment. (Minimum charge: S$2.50). No finance charges will be levied if payment is received in full by the “Payment Due Date”, and there is no balance carried forward from the previous statement. |
Finance Charges on Cash Advance | Prevailing interest rate of 28.5% p.a. (subject to compounding if the charges are not repaid in full) on the amount withdrawn, chargeable on a daily basis from the date of withdrawal until receipt of full payment. (Minimum charge: S$2.50). |
Interest Adjustment | If minimum payment is not received by the payment due date, an additional interest rate of 3% p.a. will be added to the prevailing interest rate of your Card Account, and shall take effect from the day after your next Card Account Statement date. The reinstatement to such prevailing interest rate will be effective on the first working day after your next Statement date once minimum payment is made in full on or before your payment due date. |
Minimum Monthly Payment | 3% of the statement balance (or S$50, whichever is greater) plus any amount that is overdue and/or exceeds your credit limit. |
Late Payment Charge Per Account | S$100 will be levied if minimum payment is not received on the card account by payment due date, provided your outstanding balance is above S$200, with effect from 27 April 2021. |
Cash Advance Fee | 8% of the amount withdrawn per transaction or S$15, whichever is greater. |
Fees for Foreign Currency Transactions | Card transactions in US dollars shall be converted to Singapore dollars on the date of conversion. Transactions in foreign currency other than US Dollars will be converted into US dollars before being converted into Singapore dollars. All conversions shall be based on the prevailing wholesale interbank rates or the government-mandated rate, as shall be determined by the respective card associations, namely VISA International, MasterCard International & American Express International, Inc. The rate used for the conversion may be different from the rate in effect on the date of the transaction due to market fluctuation. All card transactions in foreign currency (including refunds and reversals) are subject to a charge imposed by the respective card associations, either as a reimbursement charge representing the charge imposed on us or as a direct charge to you. For foreign charges converted by Visa/MasterCard, Visa/MasterCard applies a conversion factor of 1% to the converted amount. For foreign charges converted by American Express, American Express applies a conversion factor of 1% to the converted amount. An administrative fee for services provided or actions taken by us in relation to such foreign currency transactions shall be payable by you and debited to your Card Account. The prevailing administrative fee is 2.25% of the foreign currency transaction amount for transactions involving VISA International and MasterCard International and 2% of the foreign currency transaction amount for transactions involving American Express International, Inc. For illustration purpose only: | Charge in foreign currency | Foreign currency (e.g. MYR, HKD, USD, Euro) |
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Foreign exchange rate | Determined by VISA International and MasterCard International | Currency conversion charge imposed by card associations | 1% | Our administrative fee | 2.25% | Total fees | 3.25%, on top of the prevailing foreign exchange rate determined by Visa/MasterCard |
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Dynamic Currency Conversion Fee | If your card transaction is converted to Singapore dollars via dynamic currency conversion (a service offered at selected overseas merchants or websites), you acknowledge that the process of conversion and the exchange rates applied will be determined by the relevant merchant or dynamic currency conversion service provider, as the case may be. Card transactions converted via dynamic currency conversion (including refunds and reversals) will be subject to an administrative fee of 1% by Visa/MasterCard on the converted Singapore dollar amount, or such other rate as determined by us and notified to you. For illustration purpose only: | Transaction performed in home currency, but merchant location is outside Singapore. |
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Process of conversion and the exchange rates | determined by the relevant merchant or dynamic currency conversion service provider | Administrative fee by Visa/MasterCard | 1% by Visa/MasterCard on the converted SGD amount | Total fees | 1% by Visa/MasterCard on the converted SGD amount |
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Singapore dollar transactions processed outside Singapore | All card transactions processed outside Singapore but charged in Singapore dollar (i.e. without any currency conversion) (including refunds and reversals) will be subject to an administrative fee of 1% by Visa/MasterCard, which shall be payable by you and debited from your Card account. This includes but is not limited to any card transaction in Singapore dollars on overseas-based websites and mobile applications. |
Payment Hierarchy | Payment made to your account shall be applied to settle the billed outstanding balances that attract the highest interest first, in the order of outstanding interest, fees and followed by the outstanding principal. |
Lost/Stolen Card Liability | Limited to S$100 only if : - you have immediately notified us of the loss, theft or unauthorised disclosure;
- you assist us in the recovery of the unauthorised charges incurred;
- you furnish us with a police report accompanied by written confirmation of the loss, theft or unauthorised disclosure and any other information that we may require; and
- we are satisfied that such loss, theft or unauthorised disclosure is not due to your negligence or default.
You shall not be liable for any transactions carried out after we have been notified of the loss, theft or disclosure. |
Other Charges | In addition to the above, you shall also be responsible where applicable for the following charges including but not limited to: - Processing fee for returned GIRO or dishonoured cheques
dishonoured cheque: S$20
returned GIRO/direct debit authorisation: S$30;
- Retrieval service fee (inclusive of GST)
sales draft: S$5.4 per copy
monthly statement (beyond the current 3 months): S$5.4 per copy
- Overlimit fee
overlimit fee: S$40 if the total outstanding balance on your account exceeds the credit limit at any time.
- Administrative fee for termination of DBS Instalment Payment Plan
an administrative fee of S$150 if the Plan is terminated (whether arising from the termination of your Card Account or otherwise) or if you make a prepayment of any amount under the Plan.
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