DBS VISA Business Card Application Terms and Conditions

  1. By making an application to the Bank for the DBS VISA Business Card (“Card”) via the DBS VISA Business Card Account Application Form (“Form 1”) and DBS VISA Business Card Cardholder Nomination Form (“Form 2”) (collectively, the “Application Form”), the Corporation and Nominated Cardholder are deemed to have read and accepted these terms and conditions and shall be bound by them.
  2. Use of the Card shall be subject to the DBS Business Card Terms and Conditions and any terms and conditions applicable to the use of any related services (such as Internet Account) which the Corporation or Nominated Cardholder have applied or may apply to use. Copies of such terms and conditions are available on request from the 24-hour Customer Services Hotline at 2290 8888 or from the Bank’s website at www.dbs.com/hk or at any branches of the Bank.
  3. The Corporation and Nominated Cardholder declare and warrant to the Bank that the information provided in the application for the Card and all the supporting documents are true, correct and complete. The Corporation and Nominated Cardholder hereby authorise the Bank to verify the information contained in the application and any supporting documents from any source that the Bank may deem appropriate. The information the Corporation and Nominated Cardholder have provided to the Bank in the application is required and will be used by the Bank to assess the application for the Card and provide ongoing services to the Corporation and Nominated Cardholder. Failure to provide any such required information to the Bank may result in the application for the Card to be rejected.
  4. The Corporation and Nominated Cardholder agree that the Bank’s Data Policy Notice in force from time to time together with any other notices and communications concerning data of the Corporation and Nominated Cardholder issued by the Bank from time to time (“Data Policy”) shall apply to all information related to the Corporation and Nominated Cardholder that the Corporation and Nominated Cardholder have provided to the Bank in the application for the Card or that the Bank has obtained from any other sources or that arises from the Corporation’s and/or its officers’ and/or authorized signers’ and/or Nominated Cardholder’s relationship with the Bank or any other DBS Group company (“Data”). The Corporation and Nominated Cardholder are deemed to have read and understood the Data Policy and agree that the Data Policy shall form part of the DBS Business Card Terms and Conditions. Copies of the Data Policy are available on request from the 24-hour Customer Services Hotline at 2290 8888 or from the Bank’s website at www.dbs.com/hk or at any branches of the Bank. Data of the Corporation and/or Nominated Cardholder may be used for such purposes and disclosed to such persons (whether in or outside Hong Kong) in accordance with the Data Policy. The Corporation and Nominated Cardholder hereby agree, in particular, that the Bank may:
    (a) verify, provide and collect information about the Corporation and Nominated Cardholder from other organisations, institutions or other persons;
    (b) transfer the Data outside Hong Kong SAR including to Singapore;
    (c) compare the Corporation and Nominated Cardholder’s Data with any data the Bank has obtained and use the results for taking of any action including actions that may be adverse to the interests of the Corporation and Nominated Cardholder (including declining the application for the Card); and
    (d) provide the Corporation and Nominated Cardholder’s Data to credit reference agencies, or, in the event of default, to debt collection agencies.
  5. The contact person named in the Application Form is authorised to request and receive credit card statements and obtain credit card account information on behalf of the Corporation. Any changes in the authorised contact person shall be promptly notified to the Bank in writing.
  6. The Corporation consents to the Bank from time to time providing to any guarantor(s) or provider(s) of security in respect of any loan or credit facilities extended to the Corporation, the following:
    (a)a copy of the contract evidencing the obligations to be guaranteed or secured or a summary thereof;
    (b)a copy of any formal demand for overdue payment which is sent to the Corporation after the Corporation has failed to settle an overdue amount following a customary reminder; and
    (c)on request by the guarantor(s) or provider(s) of security, a copy of the latest statement of account provided to the Corporation.
  7. The Nominated Cardholder understands that he/she has the right to:
    (a)request to be informed which items of Data are routinely disclosed to credit reference agencies or debt collection agencies;
    (b)request to be provided with further information to enable an access and/or correction request to be made to the relevant credit reference agency or debt collection agency; and
    (c)ask the Bank to request the relevant credit reference agencies to delete his/her consumer credit data upon termination of the credit card account if there is no payment default for a period in excess of 60 days on the account within 5 years immediately before the termination of the account. If there is any payment default, unless the amount in default is fully repaid or written off (other than due to a bankruptcy order) before the expiry of 60 days from the date such default occurred, the Nominated Cardholder is liable to have his/her consumer credit data retained by the relevant credit reference agencies for a period of up to 5 years from the final settlement date of the default amount. In the event any amount in the credit card account is written off due to a bankruptcy order being made against the Nominated Cardholder, he/she is liable to have his/her consumer credit data retained by the relevant credit reference agencies, regardless of whether there is payment default for a period in excess of 60 days on the account, for a period of up to 5 years from the final settlement date of the default amount or 5 years from the date of discharge of the Nominated Cardholder’s bankruptcy as notified to the credit reference agency whichever is earlier.
  8. The annual fee chargeable for each DBS VISA Gold Business Card is HK$550. The annual fee chargeable for each DBS VISA Classic Business Card is HK$300.
  9. The annualized percentage rate (“APR”) applicable for calculating any finance charge is as follows:
    DBS VISA Gold Business Card/ DBS VISA Classic Business Card
    Cash Advance 38.11%
    (Rate will be revised to 38.41% starting from 18 December 2014)
    Retail Transaction36.07%

    The Bank reserves the right to revise the APRs from time to time with prior notice.