DBS Black World Mastercard® Welcome Offer Terms & Conditions:

 

  1. The DBS Black World Mastercard Welcome Offer (“Welcome Offer”) is only available to applicants who have successfully applied to become the principal cardholder of DBS Black World Mastercard issued by DBS Bank (Hong Kong) Limited (the “Bank”) (“New Card”) by submitting the DBS Black World Mastercard Application Form (“Application Form”) to the Bank during the period from 29 December 2017 to 30 April 2018 (“Offer Period”) and all supporting documents required by the Bank within one month from the date of application.
  2. Unless otherwise specified, the Welcome Offer is applicable to both “New Customers” and “Existing Customers” (collectively, the “Customers”). “New Customers” shall mean applicants who, during the New Card approval process have not applied for, do not currently hold, or in the 12 months prior to the date of application for the New Card, have not held and/or cancelled any principal credit cards (including co-branded cards and/or COMPASS VISA credit cards) issued by the Bank. “Existing Customers" shall mean applicants who are not New Customers.
  3. Under the Welcome Offer, Customers are entitled to choose any one applicable welcome goffer (“Welcome Offer”) set out below:
  4. New Customers Existing Customers
    Up to 80,000 Miles Up to 3,000 Miles
    Up to DBS$1,000 Rewards Up to DBS$84 Rewards

  5. Customer shall indicate his/her choice of the Welcome Offer on the Application Form. If Customer has not indicated his/her choice or indicated more than one choice in the Application Form, Customer will automatically be assigned “Up to 80,000 Miles” (for New Customer) or “Up to 3,000 Miles” (for Existing Customer) as his/her Welcome Offer. Once such choice has been made or assigned, it cannot be changed.
  6. Each Customer can enjoy the Welcome Offer once during the Offer Period. For the avoidance of doubt, if Customer has successfully applied for more than one New Card with the Bank by submitting multiple Application Forms to the Bank, he/she will only be entitled to redeem ONE Welcome Offer in respect of all applications submitted during the Offer Period.
  7. Customer must choose to participate in the DBS$ Redemption Scheme and conduct retail and/ or overseas spending* (“Eligible Spending”) according to the designated condition (as set out in the table below) (“Spending Condition”), and successfully register and activate DBS Omni account via website https://cards.dbs.com.hk or DBS Omni mobile application within 2 months of the New Card issuance date (“Spending Period”) to be eligible to the Welcome Offer.
  8. * Overseas Spending is not applicable to Welcome Offer “Up to DBS$1,000 Rewards” or “Up to DBS$84 Rewards”

    1. For New Customer
      1. “Up to 80,000 Miles Rewards”
      2. Spending Conditions Miles Conversion Rate
        Local Spending First HK$5,000 HK$1 = 1 mile (upper limit: 5,000 miles)
        Thereafter HK$235,000 HK$5 = 1 mile (upper limit: 47,000 miles)
        Overseas Spending First HK$70,000 HK$2.5 = 1 mile (upper limit: 28,000 miles)
        Total accumulated miles rewards: 80,000 miles (i.e. DBS$3,840)

      3. “Up to DBS$1,000 Rewards”
      4. Spending Conditions Rewards
        Spending Meets Spending Target Amount Basic Rewards Extra Rewards
        HK$15,000 DBS$120 DBS$300
        HK$50,000 DBS$400 DBS$600

    2. For Existing Customer
      1. “Up to 3,000 Miles Rewards”
      2. Spending Conditions Miles Conversion Rate
        Local Spending First HK$6,000 HK$3 = 1 mile (upper limit: 2,000 miles)
        Overseas Spending First HK$3,000 HK$3 = 1 mile (upper limit: 1,000 miles)
        Total accumulated miles rewards: 3,000 miles (i.e. DBS$144)

      3. “Up to DBS$84 Rewards”
      4. Spending Conditions Rewards
        Spending Meets Spending Target Amount Basic Rewards Extra Rewards
        HK$3,000 DBS$24 DBS$60

  9. Only posted Eligible Spending transactions will be counted for meeting the Spending Condition (for Eligible Spending transactions being settled with a Card Interest-free Instalment Loan, only posted monthly instalments will be counted). For the purpose of this Welcome Offer, Local Spending and Overseas Spending are defined per below types of transactions:
    1. “Local Spending” refers to the posted retail transactions settled in Hong Kong Dollars and Macau Pataca conducted at the point of sales (in case of online transactions, the place of registration and/or settlement of the merchant) in Hong Kong and Macau. For the avoidance of doubt, the following types of transactions shall not be considered as Local Spending: Card Interest-free Instalment Loan, non-Hong Kong Currency transactions, cash advances and relevant handling/administration fees, application fee/handling fee and add value of Octopus Automatic Add-Value Service, casino chips, foreign exchange, finance charges, reversed transactions, late charges, credit card annual fee, Call-a-loan, Balance Transfer, Funds Transfer, Fee Based Instalment, transactions in Hong Kong Dollars at the point of sales (In case of online transactions, the place of registration and/or settlement of the merchant) outside Hong Kong, insurance payment, tax payment, Reload of e-Wallets (e.g. PayMe and WeChat Pay), any bill payment transactions made via DBS iBanking/JET Payment Service of JETCO/24-hour Customer Services Hotline or any other means as specified by the Bank from time to time, transactions that have been subject to cancellation, charge-back, return of goods and/or refund or any other types of transactions specified by the Bank from time to time;
    2. “Overseas Spending” means any posted retail transactions settled in foreign currencies, excluding Macau Pataca conducted at the point of sales (in case of online transactions, the place of registration and/or settlement of the merchant) outside Hong Kong. Retail transaction settled in Macau Pataca shall be counted as Local Spending for this Program. Transactions settled in Hong Kong Dollars conducted at the point of sales (in case of online transactions, the place of registration and/or settlement of the merchant) outside Hong Kong (“DCC Transaction”) shall not be counted as Overseas Spending under this Program.
  10. Spending Condition shall be calculated based on Eligible Spending conducted with each New Card successfully applied during the Offer Period. If Customer has successfully applied for more than one New Card, Eligible Spending transactions conducted with different New Cards cannot be combined for the purpose of calculating Spending Condition. The amount of any Eligible Spending transactions conducted through any supplementary card under the New Card will be aggregated with that of the principal card of the New Card for the purpose of calculating Spending Condition.
  11. Welcome Offer will be awarded to the Customers in the form of DBS$ (for Customer who chose “Up to 80,000 Miles” or “Up to 3,000 Miles” as Welcome Offer, they can use DBS$ to redeem miles for themselves). The Welcome Offer shall include the DBS$ earned by the Customers under the DBS$ Reward Scheme (“Basic Reward”). For the avoidance of doubt, please refer to the below examples for calculation method:

    “Up to 80,000 Miles”
    Type of Spending e.g. Local Spending amount within first 2 months
    A
    Miles earned based on Miles Conversion Rate of Welcome Offer
    B
    DBS$ required to redeem the miles^
    C=B÷1,000×48
    Basic Rewards# earned for the Local Spending amount
    D=A÷250×2
    Extra DBS$ to be credited by the Bank ("Extra Reward")
    E=C-D
    Local Spending 1 4,723.30 4,723 227 37 190
    2 69,623.60 17,924 861 556 305
    3 240,000.00 52,000 2,496 1,920 576
    4 284,850.20 52,000* 2,496 2,278 576*
    Overseas Spending 5 7,862.90 3,145 151 94 57
    6 70,000.00 28,000 1,344 840 504
    7 98,752.60 28,000* 1,344 1,185 504*

    * Capped at HK$240,000 Local Spending amount and HK$70,000 Overseas Spending amount, when exceeding the cap, Extra Rewards is always DBS$576 and DBS$504 respectively


    “Up to 3,000 Miles”
    Type of Spending e.g. Local Spending amount within first 2 months
    A
    Miles earned based on Miles Conversion Rate of Welcome Offer
    B
    DBS$ required to redeem the miles^
    C=B÷1,000×48
    Basic Rewards# earned for the Local Spending amount
    D=A÷250×2
    Extra DBS$ to be credited by the Bank ("Extra Reward")
    E=C-D
    Local Spending 1 4,723.30 1,574 76 37 39
    2 6,000.00 2,000 96 48 48
    3 12,038.50 2,000+ 96 96 48+
    Overseas Spending 4 1,590.20 530 26 19 7
    5 3,000.00 1,000 48 36 12
    6 8,563.60 1,000+ 48 102 12+

    + Capped at HK$6,000 Local Spending amount and HK$3,000 Overseas Spending amount, when exceeding the cap, Extra Rewards is always DBS$48 and DBS$12 respectively


    “Up to DBS$1,000 Rewards”
    Type of Spending e.g. Local Spending amount within first 2 months
    A
    Basic Rewards# earned for the Local Spending amount
    D= A÷250×2
    Extra DBS$ to be credited by the Bank ("Extra Reward")
    E
    Total Rewards
    F=D+E
    Local Spending 1 8,000.00 64 0 64
    2 15,000.00 120 300 420
    3 48,000.00 384 300 684
    4 50,000.00 400 600 1,000

    “Up to DBS$84 Rewards”
    Type of Spending e.g. Local Spending amount within first 2 months
    A
    Basic Rewards# earned for the Local Spending amount
    D= A÷250×2
    Extra DBS$ to be credited by the Bank ("Extra Reward")
    E
    Total Rewards
    F=D+E
    Local Spending 1 1,500.00 12 0 12
    2 3,000.00 24 60 84

    ^ Calculated based on the conversation rate of DBS$48 = 1,000 miles
    # Calculated based on HK$250 = DBS$2, since DBS$ is in integral, DBS$ earned will be rounded down to the nearest integer

  12. The relevant Welcome Offer will be credited or sent to eligible Customers as follows:
    1. “Up to 80,000 Miles” and “Up to 3,000 Miles”
      1. The related mile reward will be granted in the format of DBS$ (based on current miles conversation rate i.e. DBS$48 = 1,000 miles) and credited in 2 phases to the New Card account of eligible Customers;
      2. DBS$ earned from Local Spending and/or Overseas Spending under DBS$ Redemption Scheme (the "Basic Reward", which is calculated in HK$250 = DBS$2 and/or HK$250 = DBS$3 respectively) will be credited to New Card account automatically after the transaction(s) is posted and be shown in monthly statement;
      3. Extra DBS$ earned from Local Spending and/or Overseas Spending (the "Extra Reward", as stated in clause 6 above) will be credited to the New Card account within 3 months after the end of Spending Period, and then be shown in monthly statement.
    2. “Up to DBS$1,000 Rewards” and “Up to DBS$84 Rewards”
      1. Basic Reward (the "Basic Reward", which is the DBS$ earned under DBS$ Redemption Scheme and is calculated in HK$250 = DBS$2) will be credited to New Card account automatically after the transaction(s) is posted and be shown in monthly statement.
      2. Extra Reward will be rewarded in the format of iGO Rewards promotional code (“Promotional Code”) within 3 months after Spending Period. Details of Promotional Code redemption with its terms and conditions will be stated in a redemption letter. Related redemption letter will be mailed to eligible Customer’s registered address. Eligible Customer must redeem travel rewards with the Promotional Code via iGO Rewards website within the designated redemption period stated in the redemption letter. Eligible Customer’s Credit card account must have balance of at least DBS$100 or above to use the Promotional Code. A minimum of DBS$100 must be deducted from the credit card account and a booking administration fee of HK$50 is required for each booking at iGO Rewards.
      3. To enjoy the Welcome Offer, apart from this “Welcome Offer Terms and Conditions”, Customers are also subject to "DBS Credit Card iGO Rewards Terms and Conditions”. For details, please refer to go.dbs.com/hk-iGO-TnC.
  13. Welcome Offer is not transferrable, and it cannot be exchanged for cash, credit limit or other prizes.
  14. Welcome Offer is only available to Customers whose New Card accounts are determined in the sole discretion of the Bank to be in good standing, remain valid and not in default during the relevant Spending Period and when the Welcome Offer is issued. The Bank shall have the sole discretion in determining a Customer’s entitlement to the Welcome Offer.
  15. Customers must keep the original receipt of each Eligible Spending transaction. In case of disputes about the entitlement of Welcome Offer, the Bank reserves the right to require the Customer to present the original receipt of the Eligible Spending transactions for verification. If there is any discrepancy between the Bank’s record and Customer’s receipt, the Bank’s record and determination shall be final and conclusive.
  16. A person who is not a party to these Terms and Conditions may not enforce any of their terms under the Contracts (Rights of Third Parties) Ordinance (Cap 623 of the Laws of Hong Kong).
  17. Entitlement of the Welcome Offer is subject to there being no abuse/non compliance by the Customer, failing which the Bank will debit the value of the Welcome Offer from the Customer’s account without notice and/or take such action to recover any outstanding amounts.
  18. The Bank may change these terms and conditions and/or modify or terminate the Welcome Offer. The Bank’s decision is final.
  19. The English version shall prevail if there is any inconsistency between the English and Chinese versions.

 

DBS Credit Card Application Terms and Conditions:

 

  1. By making an application to the Bank for the designated credit card (“Card”), you 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 Personal Credit Card Terms and Conditions and any terms and conditions applicable to the use of any related services (such as Internet Account, "Call-a-loan" Service and Balance Transfer) which you 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. There is a minimum annual income requirement for application of a DBS Black Card of HK$240,000.
  4. You 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. You hereby authorise the Bank to verify your information contained in the application and any supporting documents from any source that the Bank may deem appropriate. The information you have provided to the Bank in the application is required and will be used by the Bank to assess your application for the Card and provide ongoing services to you. Failure by you to provide any such required information to the Bank may result in your application for the Card to be rejected.
  5. You agree that the Bank’s Data Policy Notice in force from time to time together with any other notices and communications concerning your data issued by the Bank from time to time ("Data Policy") shall apply to all information related to you that you 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 your relationship with the Bank or any other DBS Group company ("Data"). You are deemed to have read and understood the Data Policy and you agree that the Data Policy shall form part of the DBS Personal Credit 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. Your Data may be used for such purposes and disclosed to such persons (whether in or outside Hong Kong) in accordance with the Data Policy. You hereby agree, in particular, that the Bank may: (a) verify, provide and collect information about you from other organisations, institutions or other persons; (b) transfer the Data outside Hong Kong SAR including to Singapore; (c) compare your Data with any data the Bank has obtained and use the results for taking of any action including actions that may be adverse to your interests (including declining the application for the Card); and (d) provide your Data to credit reference agencies, or, in the event of default, to debt collection agencies.
  6. You understand that you have 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 your 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, you are liable to have your 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 you, you are liable to have your 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 your bankruptcy as notified to the credit reference agency whichever is earlier.
  7. If you have previously submitted any documents to the Bank with respect to other banking services, you hereby consent to the Bank’s retrieval and use of such documents for the purpose of reviewing your application for the Card as the Bank sees fit.
  8. The annual fee chargeable for a DBS Black Card is HK2,000, while that for each supplementary card issued thereunder is HK1,000.
  9. The current annualized percentage rate ("APR") applicable for calculating any finance charge is as follows:
  10.  

    DBS Black Card

    Cash Advance 39.53%
    Retail Transaction 37.32%*
    for Bill Payment of the merchant category of “Security Broker”
    37.14%
    for Bill Payment of the merchant categories of “Banking and Credit Card Services”, “Credit Card Payment” and/or "Credit Services”
    35.70%*
    for other transaction(s), including general Bill Payment

    * For explanation of this remark, please refer to the same remark under the Key Facts Statement.
    The Bank reserves the right to revise the APRs from time to time with prior notice.

 

Highlights of DBS Personal Credit Card Terms and Conditions:

 

You must read the entire DBS Personal Credit Card Terms and Conditions carefully. Your attention is drawn to the following key terms and conditions.

  1. Immediately after you receive a Card, please review the DBS Personal Credit Card Terms and Conditions and if you accept it, please (i) complete the Card acknowledgment/activation procedure; and (ii) sign the back of the Card without delay.
  2. You must keep your Card securely and ensure that your PIN is not disclosed to any other person. You must take all reasonable steps to keep your Card safe and your PIN secret and to help prevent fraud.
  3. Should you discover that your Card or PIN is lost, stolen or used in an unauthorised way, you must notify us as soon as reasonably practicable upon discovery of the loss, theft or unauthorised use.
  4. Provided that you have not acted fraudulently or with gross negligence and you have not failed to inform us of the loss, theft or unauthorised use of your Card and/or the PIN, you shall not be liable for any unauthorised transactions (except cash advances). If you have acted fraudulently or with gross negligence, then you shall be liable for all unauthorised transactions.
  5. You shall be liable for all transactions effected or authorised through the use of the Card. If there is a Supplementary Card, you are jointly and severally liable with the Supplementary Cardholder for such part of the outstanding balance in connection with the Supplementary Card. The Supplementary Cardholder is liable, jointly and severally with you, only for such part of the outstanding balance as relates to the use of his/her Supplementary Card.
  6. On or before the payment due date in each month, you must pay us the statement balance in full or at least pay the minimum payment as specified in any monthly statement in accordance with the Fee Schedule or any other notice. If you fail to pay the minimum payment on the payment due date as specified in any monthly statement, then your Card Account will be regarded as in a delinquent status and a late fee and a finance charge will be charged.
  7. You agree to examine each Card Account statement received from us and to notify us of any alleged error or omission within 60 days after such statement was provided. After such 60-day period, such statement shall be deemed accepted and conclusively settled and no claim to the contrary by you shall be admissible.
  8. We may (where the circumstances are considered reasonable) at any time suspend, withdraw, cancel or terminate your right to use the Card, Card Account and/or any related services offered. You may terminate your Card and Card Account at any time by giving us notice. Upon the termination of your Card and Card Account, all outstanding debit balances shall become immediately due and payable.
  9. We shall be entitled at any time and without notice to you, to combine or consolidate any credit balance on any of your accounts maintained with us (whether matured or not) with the settlement of any debit balance on your Card Account and to set off any such credit balance against any such debit balance.
  10. If you report an unauthorised transaction to us before the payment due date, you may withhold payment of the disputed amount during the investigation period.
  11. We may, at our discretion, appoint debt collection agents and/or lawyers for collection of any moneys owing by you to us or for enforcement of any of our rights against you hereunder. You shall indemnify us on demand in respect of all collection costs and expenses that we reasonably incur. The total collection costs to be recovered shall in normal circumstances not exceed 30% of the amount owing by you to us.