If you use your credit card mostly to buy clothes and bags and jewellery, then the DBS Black American Express Card will reward you substantially. This card allows shoppers to enjoy several benefits, such as:
Best suited to: Earn rewards points and redeem for shopping deals/vouchers.
|Annual Fee||S$192.60 (waived for the first year)|
|Rewards points on all purchases||1 DBS Point for every S$5 spent|
|Complimentary travel insurance||Not applicable|
This card rewards the cardholder with DBS Points for all purchases charged to the card. This is calculated for each transaction made. You will earn 1 DBS Point for every S$5 spent, and the points will be earned by supplementary cardmembers too. All the points earned – of both the primary and supplementary cardholders – will be credited to the primary card account. The points are given out in blocks of S$5 and not S$1. You will usually receive these rewards points within the next day, following the posting of the transactions to your card account.
You can use the earned rewards points across different merchants under the DBS Lifestyle programme, or you can redeem them for KrisFlyer miles. For instance, let’s assume a person spends S$200 in a month on online and retail shopping transactions, this would earn him 40 DBS Points on these transactions. Under the DBS Rewards Frequent Flyer programme, the cardholder gets 2 KrisFlyer/Asia miles for every 1 DBS Point.
So, if the same person earns 40 DBS Points for online and retail shopping spends, he/she can convert them for 80 KrisFlyer miles. Similarly, he/she can earn DBS Points on other monthly purchases too, or convert them for KrisFlyer miles. The following table illustrates the DBS Points earning scheme when the principal cardholder makes purchases across several categories in any particular month:
|Spend category||Monthly spend||Points Earned||Equivalent KrisFlyer miles or Asia Miles|
|Dining||S$200||40 DBS Points||80 KrisFlyer miles or Asia Miles|
|Online/Retail Shopping||S$200||40 DBS Points||80 KrisFlyer miles or Asia Miles|
|Grocery||S$300||60 DBS Points||120 KrisFlyer miles or Asia Miles|
|Petrol||S$100||20 DBS Points||40 KrisFlyer miles or Asia Miles|
|Other purchases||S$400||80 DBS Points||160 KrisFlyer miles or Asia Miles|
|Total||S$1,200||240 DBS Points||480 KrisFlyer miles or Asia Miles|
You can exchange the DBS Points earned for cash vouchers. There are several rewards listed under DBS Lifestyle programme where the cash vouchers can be redeemed. You have to simply visit rewards.dbs.com and select the reward – from an array of categories – for which you want to redeem the vouchers. Some merchants also allow instant redemption of rewards points online.
Besides, you can also get in touch with DBS by calling at 1800 111 1111 and follow the process for redemption. However, you must have 15% additional DBS Points if you’re planning to make redemption via telephonic channels.
You can also convert the DBS Points into KrisFlyer Miles or Asia Miles, under the Frequent Flyer Programme. 1 DBS Point is equivalent to 2 KrisFlyer or Asia miles. However, you must transfer a minimum of 5,000 DBS Points for one conversion. An administrative fee of S$26.75 will be applicable each time you convert DBS Points into air miles. The miles will be credited to the frequent flyer account you choose, within one to two weeks from the date the conversion was made.
|Type of Interests||Charge|
|Retail Purchases||25.90% p.a. Minimum charge – S$2.50|
|Cash Advance||28% p.a., calculated from the day the withdrawal is made. Minimum charge – S$2.50|
|Instalment Payment Plan||0%|
|Type of Interests||Charge|
|Overseas Transaction Fee||3% per transaction, comprising 1% conversion factor by American Express and 2% administrative fee by DBS|
|Late Payment Fee||S$100 if outstanding balance is more than S$50|
|Cash Advance Fee||6% of the withdrawn sum for every transaction, subject to a minimum fee of S$15|
|Supplementary Card Fee||S$96.30|
You have to enable your card for usage overseas. You can activate your card by using any of the following ways:
The instalment payment plan available on this card is called My Preferred Payment Plan (also referred to as MP3). It allows you to divide payment for an expensive transaction into equal monthly instalments for a period of up to 2 years. There is no applied interest rate on this plan.
However, an one-time processing fee will be applicable, which will depend on the transaction sum and the tenure chosen. You can make payments over 3, 6, 12, 18, or 24 months. You can even activate this plan for a total of 10 transactions at a time.
The following table illustrates the effective rates of interest and the one-time processing fee charged for different tenures:
|Tenure||3 months||6 months||12 months||18 months||24 months|
|Single processing fee based on the sum transacted||3%||3%||5%||6%||6%|
|Effective rate of interest||18.18% p.a.||10.43% p.a.||9.50% p.a.||7.86% p.a.||5.98% p.a.|
You can withdraw a maximum sum of S$3,000 each day from DBS/POSB ATMs. The total amount you can withdraw will depend on the credit limit available.
To know more about qualifying criteria for this card, visit our DBS credit cards page.
In case your card is lost or stolen, you must notify the bank as soon as possible. You should also report to the bank in cases where you notice a misuse or unauthorised use of your card. In some cases, you might have to file a report with the police about the loss, theft, or misuse; and submit a copy of this report with the bank. To get in touch with the bank, you can call their hotline or notify the bank in writing.
Your maximum liability will be limited to S$100 for any unauthorised use of your card. However, you must ensure that you haven’t acted fraudulently, or you must not be responsible in any manner for the loss or theft of your card.
Whether you are interested in travel, rewards or cashback, or want cards with dining and entertainment benefits, low interest rates, no annual fees, etc., all the credit card details are curated for you here with accurate information.
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How to Enable/Disable Auto Debit & Standing Instructions
Through Recurring Payment Form with the Bank/Recurring Bill Payment Arrangement with the Merchant
You may issue standing instructions regarding auto-debit from your card for recurring bills by doing one of the following:
To cancel your standing instruction, get in touch with your merchant directly.
How to Apply for the Card & Check the Application Status
Through iBanking/Card & PIN/Online and Follow Up with the Bank
You can apply in one of the following ways:
Check the status of your application through phone banking. If you don’t have one, visit a branch or complete the relevant form and send it to the bank for processing.
How to Check Balance
Through Phone Banking/iBanking/Digibank/SMS
You can check your current card balance through:
How Can the Bill Be Paid?
You can pay your credit card bills in one of the following ways:
How Much Is the Minimum Payment to Be Made on the Card?
3% of the Statement Balance or Min S$50
Your minimum monthly due is 3% of the outstanding bill for the month, subject to a minimum of S$50. In addition, you’ll also have to pay any balance carried forward from previous billing cycles and amounts used in excess of the approved credit limit.
What Is the Grace Period?
You’ll enjoy an interest-free period of 20 days from the time of generation of your monthly statement, provided you have no outstanding overdue from the previous billing cycles.
Which Mobile Wallets Can This Card Be Used With?
Apple Pay/Samsung Pay/Google Pay
You can link your card to the following mobile wallets for safe and convenient contactless payments:
Can It Be Used With EZ-Link?
You can top up your EZ-Link card by inserting your card in a DBS/POSB ATM terminal. The process is as follows:
How to Block or Unblock the Card
Online Using Card and PIN
You can block or unblock your card instantly through the bank’s website using your card and PIN.
How to Reset the PIN
Reset your card PIN using any one of the following:
What Is the Billing Cycle and the Bill Due Date?
20 Calendar Days for Minimum Payment/1 Month for Full Payment (Can Start on Any Day)
How to Get a Replacement Card
Through iBanking/Online Form/Call Customer Service
For a replacement card, do one of the following:
How to Temporarily Increase the Limit of the Card?
Through iBanking/Online/Advance Payment