POSB Everyday Card

My Preferred Payment Plan

Why wait to treat yourself? Now you can get that holiday or expensive item you've been craving and pay it off gradually.

With My Preferred Payment Plan*, you can choose to pay over a 3, 6, or 12-month instalment plan at no interest and a low processing fee1! This applies to local as well as overseas purchases.

You can even combine up to 5 transactions to meet the minimum requirement of S$500!

How My Preferred Payment Plan works:

Transactions 3-Night Stay in Bali
S$600		 42" LCD TV
S$1,500		 Designer Bag
S$3,600
Instalment Period 3 months 6 months 12 months
Monthly Instalment S$200 S$250 S$300
One-Time Processing Fee
(based on transaction amount)		 S$18
(3% of S$600)		 S$45
(3% of S$1,500)		 S$180
(5% of S$3,600)


Apply Now


*Terms & Conditions

  1. A one-time non-refundable administration fee of 3% (EIR 18.18% p.a.) on the transaction amount for a 3-month plan, 3% (EIR 10.43% p.a.) on the transaction amount for a 6-month plan or 5% (EIR 9.50% p.a.) on the transaction amount for a 12-month plan is applicable for each approved transaction.
  2. This Application is strictly by mail or fax only and subject to DBS' approval.
  3. A minimum combined amount of S$500 is required. A maximum of up to 5 combined retail transactions is allowed.
  4. Application(s) is/are only applicable for retail transactions.
  5. Unless otherwise stated, application(s) must be received by DBS within 14 (fourteen) days of statement date.
  6. Application(s) with incomplete fields and/or incorrect information given will not be processed.
  7. Transactions in foreign currency will be processed based on the converted amount in Singapore dollar.
  8. DBS Points which were awarded to the Cardmember for the transaction(s) above will be reversed.
  9. DBS Points will not be awarded for charges arising from this My Preferred Payment Plan and the transaction(s) above.
  10. Not applicable for transactions made on a Debit Card.
  11. Not applicable for Cash Advance, Balance Transfer, Payment via iBanking and 0% Instalment Payment Plan transactions, and such other transactions as the Bank may determine.
  12. An administrative charge of S$150 will be levied for early repayment and/or Card Account termination. In the event of Card Account termination, the outstanding balance under this My Preferred Payment Plan shall become payable immediately.
  13. Please allow 5 working days for application processing.
  14. DBS Card Agreement terms apply.