iPhone for Life Flexible Payment Options | Credit Card Promotion & Offer

Good news for iPhone lovers! Purchase iPhone 15 & iPhone 15 Pro series with designated DBS Credit Cards¹ at designated mobile service providers and join iPhone for Life during the promotion period to enjoy:

Lower monthly payment
Interest-free & HK$0 handling fee instalment plan²
“Guaranteed Buy-Back Value”³

Under this Plan, Cardholders’ Instalment Loan transactions with Applicable Credit Cards are only entitled to basic spending rewards, i.e. DBS$1 / $1 COMPASS Dollar for every HK$250 spending. The reward is earned when each instalment is posted to the Applicable Credit Card account.

Flexible Payment Options

In the 24^th month of the instalment plan, you have the flexibility to upgrade to the latest iPhone, offset the remaining instalment payments with “Guaranteed Buy-Back Value”, or choose to keep your iPhone and continue to pay the balance by instalments.

Merchant pic

* Subject to Mobile Service Providers’ “Products Return Options” terms and conditions.
** Subject to Mobile Service Providers’ iPhone standalone purchases terms and conditions.

Illustrative Example

If you purchase a designated iPhone series and join iPhone for Life at mobile service provider A, you can enjoy Interest-free & HK$0 handling fee instalment plan² and "Guaranteed Buy-Back Value"³ specified by mobile service provider A.

Assuming that:

Designated iPhone price: HK$10,999
Instalment period assigned by mobile service provider A: 34 months
Instalment payment: HK$10,999 / 34 months = HK$323.50 per month
"Guaranteed Buy-Back Value"³: HK$3,235*
Total instalment amount for the first 24 months: HK$323.50 per month x 24 months = HK$7,764

In the 24^th month, DBS Credit Cardholder can choose to:

Upgrade to the Latest Model
Offset the outstanding instalment amount with the "Guaranteed Buy-Back Value" (equivalent to the HK$3,235^ "Guaranteed Buy-Back Value"³)^◊.
Keep the iPhone
Continue the instalment payment until the 34^th month (i.e. total HK$10,999)

The above example is for illustration only. Please read the plan details provided by different mobile service providers.

◊ Approximate to 25% of the suggested retail price of iPhone. The handset must be return within 25 days after completion of the 24-month instalments.
^ HK$10,999 (handset price) – HK$7,764 (total paid instalment amount of first 24 months) = HK$3,235

Designated Mobile Service Providers & Related Details

Details	Details	Details
Details	Details

Act Now! Visit a designated mobile service provider’s retail outlet and purchase a new iPhone with DBS Credit Cards to enjoy iPhone for Life!

Remarks:

Offer is only applicable to cardholder(s) ("Cardholder(s)") holding DBS Credit Card and Co-brand Card, excluding DBS VISA Business Card ("Applicable Credit Card(s)).
iPhone for Life instalment plan ranges from 30 to 36 months, subject to respective mobile service providers. For details, please visit the website of designated mobile service providers or contact their frontline.
Applicable to purchase of standalone iPhone and/or with subscription plan, “Guaranteed Buy-Back Value” and/or phone upgrade is/are provided by designated mobile service providers and subject to their relevant Terms and Conditions. For details, please visit the website of designated mobile service providers or contact their frontline.
Cardholders are required to contact respective mobile service providers for the return of the iPhone within the designated period assigned by respective mobile service providers. For details, please visit the website of designated mobile service providers or contact their frontline.

iPhone for Life Frequently Ask

What is iPhone for Life?

iPhone for Life is a brand-new payment option for purchasing iPhone from mobile service provider, Cardholder can enjoy an interest-free credit card instalment plan with a lower monthly instalment, and possess 2 flexible options after the 24^th month of purchasing an iPhone:
a. Upgrade to a new iPhone and use the “Guaranteed Buy-back Value” to offset the remaining unpaid monthly instalments.
b. Keep the iPhone by continue paying the remaining monthly instalments until the end.

What are the benefits of joining iPhone for Life?

iPhone for Life provides Cardholders an alternative way to purchase iPhone using an unique interest free credit card instalment. Cardholder can enjoy a lower monthly instalment payment for the first 24 months when compared to the regular 24-month instalment plan and will have the flexibility to upgrade their iPhone after 24 months.
Also, the mobile service provider will provide a “Guaranteed Buy-back Value” of the iPhone after 24 months of participating in the plan, which can be used to offset the remaining unpaid monthly instalments, protecting Cardholders from any risk of depreciation or market value decline.

Which iPhone models are available for iPhone for Life?

Available for the newest iPhone models, some mobile service providers might offer iPhone for Life for previous models as well. Please contact the respective mobile service providers for more details.

Which credit card can I use for the iPhone for Life payment option?

DBS Credit Cards and Co-branded Cards (excluding DBS VISA Business Card) issued by DBS Bank (Hong Kong) Limited.

Which mobile service providers offer iPhone for Life for DBS Credit Cardholders?

DBS is currently partnering with 3HK, China Mobile, SmarTone, Telecom Digital SUN Mobile and SUPREME to provide the iPhone for Life.

Do I need to subscribe any service plan with the respective mobile service providers in order to join iPhone for Life?

Standalone iPhone purchase can also use iPhone for Life, please contact the respective mobile service providers for any conditions and requirements.

Who should I turn to for help if I have enquiries about iPhone for Life?

Please contact the respective mobile service providers who are solely responsible for the selling of the iPhone, device upgrade and “Guaranteed Buy-back Value”. For the instalment plan, please contact DBS credit card hotline at (852) 22908888.

Can I use iPhone for Life to purchase more than one iPhone?

Yes, you can, but this is subject to whether mobile service provider have any handset purchase quota and the credit limit available on your DBS Credit Card account.

When can I upgrade my iPhone?

You are eligible for upgrade after 24 months of purchase. The respective mobile service providers have specific upgrade period. For details about the upgrade period please refer to the mobile service provider’s iPhone for Life terms and conditions which you purchased the iPhone.

What if I decide to upgrade after the specific upgrade period?

Please contact the respective mobile service providers to check whether it is possible or refer to the mobile service provider’s iPhone for Life terms and conditions.

If I used iPhone for Life to buy an iPhone at a particular mobile service provider, can I go to another mobile service provider to upgrade my iPhone after 24m?

No, you have to upgrade at the mobile service provider where you bought your current iPhone.

Can I choose not to upgrade my iPhone?

You can, just keep the iPhone and continue to pay the remaining monthly instalments until the end. The number of monthly instalments need to be paid will depend on which mobile service provider you purchase the iPhone from, the mobile service provider will inform you the number of instalments required when you make the purchase. For the instalment plan, please contact DBS credit card hotline at (852) 22908888.

Where can I go to upgrade my iPhone and enjoy the “Guarantee Buy-back Value”?

You will only be able to upgrade your iPhone at the respective mobile service providers which you purchased the current iPhone.

After 24 months what if I don’t want to upgrade to a new iPhone nor keep my existing iPhone?

You can choose to exit the plan simply by returning your iPhone to the mobile service provider which you made the purchase. Depending on the conditions of your iPhone, if the mobile service provider buy-back your iPhone at the maximum “Guarantee Buy-back Value”, you can exit the plan without any charges. Otherwise, you need to pay DBS the difference between the buy-back value and the remaining monthly instalments. Please contact respective mobile service providers for return terms and conditions.

What if I want to upgrade my iPhone before the 24^th month?

iPhone for Life upgrade option is available after the 24^th month, if you would like to upgrade early, please contact the respective mobile service providers to check whether it is possible.

What if my iPhone is damaged to the point that it does not meet the mobile service provider’s device acceptance standard?

You have to contact the mobile service provider where you purchased the iPhone for their assessment. If your iPhone is unfortunately considered not eligible for buy-back by the mobile service provider, you will be responsible for the remaining unpaid monthly instalments.

Useful Links

More DBS Credit Card Offers

DBS Black World Mastercard^® Retail Spending As Low As HK$3 = 1 Mile^#

DBS Eminent Card up to 5% Rebate⁺

DBS COMPASS VISA 10% COMPASS Dollar Rebate^▲ at Local Supermarkets Every Wednesday

DBS Live Fresh Card 5% Cash Rebate^ of Your Choice

Not yet a DBS Credit Card customer?

Apply Now

Photos are for reference only. DBS Credit Card iPhone for Life offer is subject to terms and conditions.

The use of the Instalment Loan is subject to the Bank’s Card Interest-free Instalment Loan Terms and Conditions. For details, please click here.

# Cardholders must register for “DBS Black World Mastercard As Low As HK$3 = 1 Mile Promotion” via DBS Card+ mobile app successfully during the Promotion Period. The Promotion Period is from 6 Oct 2023 to 30 Jun 2024 and consists of 3 Spending Phases. Eligible Spending will be counted from the next calendar date from Successful Registration. Cardholders must accumulate Eligible Spending to achieve Spending Goal of HK$80,000 in a certain Spending Phase, the Eligible Spending can earn Extra Reward to enjoy as low as HK$3 = 1 mile and worldwide travel privilege in such Spending Phase. The Extra Reward in each Spending Phase is capped at DBS$550 for each Cardholder. For details, please visit go.dbs.com/hk-black-distinction-en.
+ Cardholders must register for “DBS Eminent Card Up To 5% Rebate Programme” via DBS Card+ during the programme period, the eligible spending will be calculated for rebate according to this programme from the next calendar day upon successful registration. Designated Categories included dining, sportswear, fitness clubs and medical services. A single net spending of HK$300 or above of Designated Spending Categories is eligible for earning 5% rebate. The first HK$8,000 (applicable to Visa Signature Card) / HK$4,000 (applicable to Visa Platinum Card) spending of the 4 designated spending categories in total in each calendar month will be entitled to a 5% rebate, and the first HK$20,000 (applicable to Visa Signature Card) / HK$15,000 (applicable to Visa Platinum Card) other retail spending (including the first HK$5,000 E-Wallet Retail Spending in each calendar month but excluding the thereafter E-Wallet Retail Spending exceeding HK$5,000) in each calendar month will be entitled to a 1% rebate.
▲ Applicable to the first HK$2,000 Eligible Spending in each calendar month during the Promotion Period. COMPASS Dollar rebate will be credited to the Applicable Card account after the Eligible Spending is posted.
^ Cardholders are required to register for 5% Cash Rebate Reward of Your Choice Programme on “Cash Boost” under Cards page in DBS Card+, and select one spending category to enjoy 5% Cash Rebate Reward of Your Choice during registration.

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Reminder: To borrow or not to borrow? Borrow only if you can repay!

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