| Interest Rates and Interest Charges | ||
|---|---|---|
| Annualised Percentage Rate (APR) for Retail Purchase | 34.58%* when you open your account and it will be reviewed from time to time. We will not charge you finance charge if the statement balance is paid in full by the payment due date each month. Otherwise, finance charge will be charged on (i) the outstanding statement balance from the day after the date of that statement on a daily basis until payment in full and (ii) the amount of each new transaction (entered after the date of that statement) from the date such transaction is posted on a daily basis until payment in full. Unless otherwise specified, finance charge on internet bill payment, JET payment or bill payment through our customer services hotline /mobile application ("Bill Payment") will be charged on the same basis and APR as Retail Purchase. For Bill Payment of the merchant category of "Security Broker" or fund transfer through our mobile application, finance charge will be charged on the same basis as Retail Purchase at the APR of 34.58%#* (when you open your account, subject to review from time to time). For Bill Payment of the merchant categories of "Banking and Credit Card Services", "Credit Card Payment" and/or "Credit Services", finance charge will be charged at the APR of 33.73% from the date a Bill Payment is made until the date of actual repayment. |
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| APR for Cash Advance | 35.94% when you open your account and it will be reviewed from time to time. Finance charge will be charged from the date a cash advance is made until the date of actual repayment. | |
| Interest-Free Period |
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| Minimum Payment | If the total outstanding balance is HK$300 or above, the minimum payment will be the sum of the followings:
If the total outstanding balance is less than HK$300, the minimum payment will be the total outstanding balance. |
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Fees |
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| Annual Membership Fee | ||
| VISA Gold Principal Card Supplementary Card |
HK$550 per card HK$275 per card |
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| VISA Principal Card Supplementary Card |
HK$300 per card HK$150 per card |
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| Cash Advance |
Cash Advance Handling Fee:
4% on cash advance amount, minimum HK$100; and Cash Advance Administration Fee: HK$20 per transaction |
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| Fees relating to Foreign Currency Transaction | 1.95% of every transaction effected in a currency other than Hong Kong dollar | |
| Fee relating to Settling Foreign Currency Transaction in Hong Kong Dollars | Customers may sometimes be offered the option to settle foreign currency transactions in Hong Kong dollars at the point of sale overseas. Such option is a direct arrangement offered by the overseas merchants and not the card issuer. In such cases, customers are reminded to ask the merchants for the foreign currency exchange rates and the percentage of handling fees to be applied before the transactions are entered into since settling foreign currency transactions in Hong Kong dollars may involve a cost higher than the foreign currency transaction handling fee. For these transactions in Hong Kong dollars made outside Hong Kong, Visa imposes a charge of 1% of the transaction amount on the Bank, we will charge the same on the customers. Visa also imposes a charge of 1% of the transaction amount on the Bank for online transactions in Hong Kong Dollars with merchants whose place of registration and/or settlement are outside Hong Kong (based on the merchants’ setting), we will charge the same on the customers. |
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| Late Payment Fee | A blanket fee of HK$350 or the minimum payment, whichever is lower. | |
| Over-the-limit Fee | Overlimit Charge: HK$250 per statement cycle | |
| Returned Payment Fee | Handling Charge on Dishonoured Cheque / Autopay Rejection: HK$120 per transaction of returned payment | |
# APR is calculated after taking into account the refund of handling fee, if applicable.
* These APRs are calculated based on a modified calculation made by the Bank. The corresponding APRs calculated in accordance with the guidelines issued by the Hong Kong Monetary Authority (“HKMA Guidelines”) are as follow:
| APRs based on the modified calculation by the Bank | APRs based on HKMA Guidelines |
|---|---|
| 34.58% | 35.94% |
For details about the HKMA Guidelines and the modified calculation made by the Bank, please refer to the Annualised Percentage Rate Table posted on the Bank’s website go.dbs.com/hk-cardtnc_en.
Illustrative example:
*****Information regarding making minimum payment*****
The example below is for reference only. It does not reflect the actual situation of your account.
Assumptions
(1) Statement Balance =HK$20,000 (2) Standard Annual Rate = 31.10%p.a. (3) No new transaction posted after statement date (4) No annual fee or other fees or charges (5) Repayment on or before payment due date (6) The statement balance is accrued from retail purchases only.
| If each month you pay… | You will pay off the statement balance of HK$20,000 in about… | and you will end up for paying an estimated total of… |
| only the Minimum Payment | 11 years 7 months | HK$57,817 |
| HK$861.13 | 3 years | HK$31,001 (savings HK$26,816) |
Please use the repayment calculator on our website (www.dbs.com/hk) to work out the above information applicable to your specific case.
Reminder: To borrow or not to borrow? Borrow only if you can repay!
Effective date: 4th January 2024
DBS Bank (Hong Kong) Limited reserves the right to vary or review the above rates, fees or charges from time to time, subject to prior notice being served on cardholders.