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FAQs – Cash Advance and Funds Transfer
How much does Cash Advance cost?
For Cash Advances, there will be a 8% or S$15.00 fee, whichever is greater, levied for each amount withdrawn. In addition, a finance charge of effective interest rate 28% p.a. (subject to compounding if the charges are not repaid in full) on the amount withdrawn, is chargeable on a daily basis from the date of withdrawal until receipt of full payment (minimum charge of S$2.50) will apply.
How does Balance Transfer work and how to apply for it?
With the DBS Balance Transfer, you can transfer your balances from other banks' credit cards or lines of credit to your DBS Cashline / credit card(s).
To apply for DBS Balance Transfer, you can do so online at the following link.
What happens to the Balance Transfer amount after the interest-free period?
After the interest-free period, the prevailing interest rate on the DBS Cashline / Credit Card(s) will apply.