An Overview of DBS Bank Credit Card Interest Rate and Other Charges
Bio
Shreyansh Singh, an IIT Kanpur alumnus, has eight years of experience in the finance industry. He has spent 5 years at American Express developing mid to long-term strategies for multiple markets including US, Europe and India. Shreyansh currently leads Growth and Strategy initiatives at Pice.
- 16 Jan 26
- 4 mins
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An Overview of DBS Bank Credit Card Interest Rate and Other Charges
Shreyansh Singh- 08 Mins
- 16-01-26
Key Takeaways
- The DBS Bank credit card interest rate is 3.5% per month (42% annually), which is charged if you don’t pay the full bill.
- Paying the total amount due within the grace period (20–50 days) helps you avoid interest completely.
- Paying only the Minimum Amount Due leads to interest on the remaining balance and increases overall costs.
- Cash withdrawals and EMI conversions attract high charges despite offering short-term flexibility.
- Timely payments and controlled spending are the best ways to reduce the dbs bank credit card interest rate burden.
DBS Bank credit cards give you rewards and payment flexibility. At the same time, they also come with costs that you must know. The DBS Bank credit card interest rate and other fees decide how much extra you pay if you do not clear your bill. When you know the interest on dues and charges on cash withdrawal or EMI, it helps you control your card use.
What is the DBS Credit Card Interest Rate?
The interest rate is the cost you pay when you do not clear your dues. For DBS Bank, the rate is 3.5% each month or 42% in a year.
The bank counts this from the day of the spend until you make a full payment. If you clear your bill before the due date, you get an interest free (grace) period of 20 to 50 days.
However, if any part of the past bill is not paid, this free period is lost. In addition, all new spending attracts interest charges from the first day.
Other Charges Associated with DBS Bank Credit Card
| Description of Charges | Fee Amount |
| Joining/Annual Fees | DBS Treasures Elite customers - ₹10,000DBS Treasures customers - ₹20,000Any other segment/NTB customer - ₹50,000 |
| Cash Advance Charges | 2.5% of the withdrawn amount (minimum ₹500) |
| Over-limit Penalty | ₹600 |
| Late Payment Charges | Up to ₹100 - Nil₹101 to ₹500 - ₹99₹501 to ₹5,000 - ₹499Above ₹5,000 - 10% of due (max ₹1,299) |
| Fuel Surcharge | 1% of transaction or ₹10 (waiver between ₹1,000 – ₹6,000 per cycle) |
| Foreign Transaction Amounts | 0% in Singapore, 1.75% in other countries |
| Railway Ticket Charges | IRCTC fee + payment gateway charges (up to 1.8% of ticket amount) |
| Card Replacement | ₹3,000 per card |
| Cash Payment at the Branch | ₹250 per deposit |
| Reward Redemption Fee | ₹99 per request |
| EMI Foreclosure Charges | 3% of the unpaid principal |
Note: An 18% GST applies to all fees and charges.
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What Is Minimum Amount Due (MAD)?
DBS Bank sets a small part of the bill as Minimum Amount Due (MAD). It is 2% of your new spending and cash use, but not less than ₹100. The MAD also covers:
- Any unpaid part of the old bill
- New EMIs for the month
- Extra use above the card limit
- GST and other fees
If you do not make this minimum payment, DBS reports it to the credit bureaus. This can hurt your credit score and make loans harder or costly in the future.
What Is Split n Pay Facility?
DBS Bank offers Split n Pay (SnP) to help convert a single retail transaction amount of ₹2,500 and above into EMIs.
Features of Split n Pay:
1. Tenure Options: 3, 6, 9, 12, 18, or 24 months
2. Interest Rate: Up to 39% per year
3. Processing Fee: 2% of spend (minimum ₹249)
4. Pre-closure Fee: 3% of the unpaid principal
Note: You will get no reward points on EMI conversions.
How to Reduce DBS Bank Credit Card Interest Rate Burden?
- Always pay the total balance before the due date.
- Use auto-debit to avoid late charges.
- Do not depend only on MAD.
- Keep spending within your approved limit.
- Avoid cash withdrawals unless absolutely necessary.
💡Pay your credit card bills in an easy and secure way with the PICE App.
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Conclusion
The DBS Bank credit card interest rate and fees show why it is vital to clear your bill on time. Paying the full amount within the grace period saves you from heavy costs and keeps your record clean. With simple planning and timely payments, you can enjoy all the perks of your DBS Bank credit card without falling into debt.
FAQs
What is the DBS Bank credit card interest rate?
The DBS Bank credit card interest rate is 3.5% per month, which equals 42% annually.
When does DBS start charging interest on card dues?
Interest applies from the transaction date if the full previous bill is not cleared.
Is there an interest-free period on DBS credit cards?
Yes, you get 20–50 days of interest-free credit if the full amount is paid on time.
Does DBS charge interest on cash advances?
Yes, cash withdrawals attract immediate interest plus a 2.5% cash advance fee.
Are GST charges applicable to credit card fees?
Yes, an 18% GST is added to all applicable fees and charges.
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