Highlights of DBS Card Agreement

LIABILITY FOR LOST/STOLEN CARDS

If your Card is lost or stolen or if the PIN is disclosed without your authorisation, your liability for unauthorised transactions effected after such loss, theft or unauthorised disclosure but before we are notified thereof shall be limited to S$100 only if :

1. you have immediately notified us of the loss, theft or unauthorised disclosure;
2. you assist us in the recovery of the unauthorised charges incurred;
3. you furnish us with a police report accompanied by written confirmation of the loss, theft or unauthorised disclosure and any other information that we may require; and
4. we are satisfied that such loss, theft or unauthorised disclosure is not due to your negligence or default.

You shall not be liable for any transactions carried out after we have been notified of the loss, theft or disclosure.

REPAYMENT GRACE PERIOD

The Repayment Grace Period is 20 days from the date of the statement of account.

MINIMUM PAYMENT 

You must pay us the entire outstanding balance or at least the minimum payment specified in the Card Account statement by the payment due date. If your Card transactions exceed your credit limit in any given month, you must also pay us all the amounts by which the credit limit has been exceeded in addition to the minimum payment amount.

LATE PAYMENT CHARGE PER ACCOUNT 

Tiered late charge will be levied if we do not receive at least the minimum payment by the payment due date:

Outstanding Balance	Late Payment Charge
Up to S$50	no charge
S$50.01 to S$100	S$10
S$100.01 to S$1000	S$45
S$1000.01 to S$3000	S$50
S$3000.01 & above	S$55

FINANCE CHARGES FOR PURCHASES

• Finance Charge: 2% per month (effective interest rate 24% p.a. subject to compounding if the charges are not repaid in full) on the transaction amount, chargeable on a daily basis from the date of transaction until receipt of full payment (Minimum charge: S$2.50)
• No finance charges will be levied if payment is received in full by the "Payment Due Date", and there is no balance carried forward from the previous statement.

OTHER CHARGES 

In addition to the above, you shall also be responsible where applicable for the following charges including but not limited to:

a) annual service fee
a non-refundable fee for the issuance and renewal of each Principal and Supplementary Card;

b) processing fee for returned GIRO or dishonoured cheques
dishonoured cheque: S$20
returned GIRO/direct debit authorisation: S$20;

c) retrieval service fee
sales draft: S$5 plus GST per copy
monthly statement (beyond the current 3 months): S$5 plus GST per copy;

d) cash advance fee

• Fee: 5% of the amount withdrawn (minimum charge of S$15).
• Finance Charge: 2% per month (effective interest rate 24% p.a. subject to compounding if the charges are not repaid in full) on the amount withdrawn, chargeable on a daily basis from the date of withdrawal until receipt of full payment (minimum charge of S$2.50)

Transaction in Foreign Currencies

Transactions in US dollars shall be converted to Singapore dollars on the date of conversion. Transactions in foreign currency other than US Dollars will be converted into US dollars before being converted into Singapore dollars. All conversions shall be based on the prevailing wholesale interbank rates or the government-mandated rate, as shall be determined by the respective card associations, namely VISA International, MasterCard International & American Express International, Inc. The rate used for the conversion may be different from the rate in effect on the date of the transaction due to market fluctuation.

All transactions in foreign currency are subject to a charge imposed by the respective card associations, either as a reimbursement charge representing the charge imposed on us or as a direct charge to you. For foreign charges converted by American Express, American Express applies a conversion factor of 1% to the converted amount.

An administrative fee for services provided or actions taken by us in relation to such foreign currency transactions shall be payable by you and debited to your Card Account. The prevailing administrative fee is 1.5% of the foreign currency transaction amount for transactions involving VISA International and MasterCard International and 2% of the foreign currency transaction amount for transactions involving American Express International, Inc.