What is InstaRedeem?

User can use InstaRedeem to deduct the partial or full amount from a transaction using DBS$ or COMPASS Dollar ( depends on card type and reward) ,  the deduct ratio is DBS$1/ $1 COMPASS Dollar = $1 HKD.

If user wish to deduct the amount of a transaction by using InstaRedeem, user must click the button of InstaRedeem within 30 days or before statement date (whenever earlier) from the spending date. Once we receive the request of InstaRedeem, we will deduct the full amount of DBS$ or COMPASS Dollar ( depends on card type) which user owns, and credit back the same amount of cash into user credit card account  to hedge the transaction balance. If the DBS$ or COMPASS Dollar ( depends on card type) is not enough to deduct the full amount of transaction, the Bank will only deduct the amount which is equal to the amount of DBS$ or COMPASS Dollar ( depends on card type) , and the remaining amount will be shown in the monthly bill payment.

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