DBS Black World Mastercard®

Last Updated:Mar 2021
$240,000
Min. Annual Income
$6/mile
Local Spending - Air Miles Conversion
$4/mile
Overseas Spending - Air Miles Conversion
Offers
Benefits
Eligibility
APR/Fees

Offers

Welcome Offers from DBS

OPTION 1

Up to 50,000 miles + Additional DBS$300

  • Up to 50,000 miles
    • New customers accumulate the below eligible spending within 2 months from the date of card issuance: 
    • Local spending: first HK$2,000 (HK$0.5 = 1 mile) + thereafter HK$100,000 (HK$4 = 1 mile)
    • Overseas spending: first HK$63,000 (HK$3 = 1 mile)
  • Additional DBS$300
    • Recurring Transactions Offer - Up to DBS$200: new customers who set up eligible recurring transactions with merchant and with those recurring transactions being settled successfully with the card within the first 6 months from card issuance date are entitled to DBS$50 for each recurring transaction (up to 4 merchants).
    • eWallet Offer - Up to DSB$100: DBS$100 for one eWallet top-up transaction of HK$500 or above per month for 6 months (including Payme, WeChat Pay HK, AlipayHK or Octopus top-up via Apply pay).
  • The promotional period is valid from 1 March to 31 May 2021.
OPTION 2

HK$200 all merchants "InstaRedeem" Amount

  • Existing customers accumulate spending of HK$1,800 or above within the first three months from the date of card issuance.
  • The promotional period is valid from 1 March to 31 May 2021.

Up to 12% off hotel booking offer from Expedia.com.hk

Redeem air miles or travel rewards with DBS$. No expiry date and redemption fee for DBS$.

Up to 12% off hotel booking offer from Expedia.com.hk

Redeem air miles or travel rewards with DBS$. No expiry date and redemption fee for DBS$.

Annual Fee Waiver
Annual Fee Waiver
Octopus Reload Rebate
Octopus Reload Rebate
Digital Wallet Rebate
Digital Wallet Rebate
Utilities Wallet Rebate
Utilities Wallet Rebate
Annual Fee Waiver
Annual Fee Waiver
Octopus Reload Rebate
Octopus Reload Rebate
Digital Wallet Rebate
Digital Wallet Rebate
Utilities Wallet Rebate
Utilities Wallet Rebate

Great for

Both new and existing customers enjoy welcome offer.
Welcome Offer for New Customers: up to 50,000 miles + additional DBS$300
Up to 50,000 miles
New customers have to accumulate the following eligible transactions within the first 2 months of card issuance can enjoy up to 50,000 miles:
  Spending Conditions Miles Conversion Rate Upper Limit
Local spending First HK$2,000 HK$0.5/mile 4,000 miles
Thereafter HK$100,000 HK$4/mile 25,000 miles
Overseas spending  First HK$63,000 HK$3/mile  21,000 miles
Total accumulated miles rewards    Up to 50,000 miles in total
(can redeem 3 round trip tickets from Hong Kong to Taipei OR 2 round trip tickets from Hong Kong to Tokyo / Seoul)
Additional DBS$300
  • Recurring Transactions Offer - Up to DBS$200
    New customers who set up eligible recurring transactions with merchant and with those recurring transactions being settled successfully with the card within the first 6 months from card issuance date are entitled to DBS$50 for each recurring transaction (up to 4 merchants).
  • eWallet Offer - Up to DSB$100
    DBS$100 for one eWallet top-up transaction of HK$500 or above per month for 6 months (including Payme, WeChat Pay HK, AlipayHK or Octopus top-up via Apply pay).
Welcome Offer for Existing Customers: HK$200 all merchants "InstaRedeem" Amount
Existing customers who accumulate spending of HK$1,800 or above within the first three months from the date of card issuance enjoy HK$200 all merchants "InstaRedeem" Amount.
Redeem air miles or travel rewards with DBS$. No expiry date and redemption fee for DBS$.
  • Redeem flight from Asia Miles, Avios, KrisFlyer & PhoenixMiles at any time; Asia Miles can be converted instantly and shall be credited to your mileage account instantly.
  • Redeem travel rewards with DBS$ from iGO Rewards.
Enjoy the following travel privileges with DBS Black World Mastercard®
  • Up to 12% off hotel booking offer from Expedia.com.hk
  • 12% off hotel booking offer from Hotels.com
  • 7% off hotel booking offer from Agoda.com
  • 5% off travel products from KLOOK

Need to know

Welcome offer for new customers is only applicable to new applicants who has not owned any DBS cards in the 12 months prior to the date of application.
  • only applicable to applicants who, during the New Card approval process have not applied for, do not currently hold, or in the 12 months prior to the date of application for the New Card, have not held and/or cancelled any principal credit cards (including co-branded cards and/or DBS COMPASS VISA) issued by DBS.
DBS iBanking bill payment and transactions in Hong Kong dollars at the point of sales outside Hong Kong are not eligible for earning DBS$.

Benefits

Year-round rewards

Cash rebate
Air miles rewards
Cash rebate
Air miles rewards
Local Spending
0.8%
$6/mile
Overseas Spending
1.2%
$4/mile
Dining Spending
0.8%
$6/mile
Online Shopping Spending (Local)
0.8%
$6/mile
Online Shopping Spending (Overseas)
1.2%
$4/mile
Digital Wallet Spending
0.8%
$6/mile

Eligibility

APR/Fees

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How to find the right financial products for you?

MoneyHero has partnered with the most trusted banks and financial institutions in Hong Kong to help you find the right financial products for you. Through our comparison engine, you can compare credit cards, personal loans, mortgages, medical insurance, travel insurance, HK stock accounts, US stock accounts, payroll accounts and other financial products. We provide accurate, up-to-date information and an unbiased overview of financial products in Hong Kong so that you can make the best choice, saving your time and money.

How do I qualify for a credit card account?

Most Hong Kong credit card providers require applicants to be of legal age and a permanent resident/citizen of Hong Kong.

You would also need to have stable employment and meet minimum salary requirements, which vary according to the type of credit card.

How many types of credit cards in Hong Kong? How should I choose my credit cards?

The main types of credit cards in Hong Kong are VISA and MasterCard, followed by American Express and JCB.

In order to choose the best credit card, you can consider the popularity and offers of the card types, and also the reputation of banks, class of the credit cards, etc. Many people own several credit cards to meet different needs nowadays. Also, you can consider your spending habits and choose Cash Back Credit Cards, Airmiles Credit Cards, Dining Credit Cards, Online Shopping Credit Cards, Premium Credit Cards, Corporate Credit Cards, Entry Level / Student Credit Cards, UnionPay Credit Cards, or Welcome Offers Credit Cards. You can also make use of MoneyHero comparison pages, and compare latest offers of credit cards.

Do existing customers enjoy the Welcome Offers offered by MoneyHero?

For exclusive offers from MoneyHero, current customers are unfortunately not eligible to enjoy. For welcome offer from banks or institutions, various terms and conditions apply, subject to different banks and institutions. You may refer to the following:

American Express 
Welcome offers do not apply to current customers. Their welcome offers only apply on applicants who have not held or cancelled American Express credit cards in the past 12 months.

Citibank 
Welcome offers do not apply to current customers. Their welcome offers only apply to applicants who have not held or cancelled Citibank credit cards in the past 12 months.

DBS 
Current and new customers are eligible for welcome offers. New customers refer to card holders who have not held or cancelled Citibank credit cards in the past 12 months. For more details of welcome offers, please click here.

PrimeCredit 
Welcome offers do not apply to current customers. Their welcome offers only apply to applicants who have not held or cancelled PrimeCredit credit cards in the past 6 months.

CITIC 
Welcome offers do not apply to current customers. Their welcome offers only apply to applicants who have not held or cancelled CITIC credit cards in the past 12 months.

HSBC 
Current and new customers are eligible for welcome offers. For more details of welcome offers, please click here

BEA 
Welcome offers do not apply to current customers. Their welcome offers only apply to applicants who have not held or cancelled BEA credit cards in the past 6 months.

What are the common credit card rewards?

Credit card rewards come in many forms, the two major incentives are air miles and cash back. Many card issuers have different credit card rewards programs, cardholders can earn reward points for their spending and redeem the points for cash backair milesgift vouchers or free gifts.

Certain banks promote cash back rewards which their credit cards can earn, cardholders can enjoy 1-4% cash rebate for eligible local / overseas spending or shopping online.

If you travel and use your credit card to book flights and hotels frequently, you can earn more air miles using air mile credit cards. You may redeem miles for award flights, hotel stays and other travel offers.

In addition to daily spending, you may also earn rewards by using the Octopus Automatic Add-value Service and paying utilities, tax, tuition and insurance bills with your credit card and redeem reward points, cash back and air miles.

How long does it take to process my credit card application?

Banks in Hong Kong such as HSBC, Hang Seng Bank and Standard Chartered Bank issue different types of credit cards with generous rewards and their eligibility requirements are also different. Hence, the processing time varies depending on the card issuer, but as soon as your application has been approved, it normally takes 7 to 10 working days until you receive your card. Make sure that you submit all the relevant documents so that your application can be processed as quickly as possible.

Can I apply for a credit card if I am self-employed or unemployed?

The requirements to get different credit cards may vary and some may even have a minimum income requirement. Of course, applicants with a proper job or have income proof are more likely to be successful with their application, but it does not mean that a self-employed or unemployed person will not able to apply for a credit card.

What are the fees and charges applicable on credit cards?

The annual fee, which is generally charged HK$200-HK$6,000, depends on the bank and the type of credit card. One- to three-year annual fee waiver is usually offered to attract users, and cardholders get their fee waived if they can meet the minimum spending. Some card issuers even advertise credit cards with no annual fee, so please be sure to check the terms before applying. You can request annual fee waiver by calling the card issuer's hotline. Furthermore, many banks charge an early termination fee of more than HK$100; other common fees and charges include replacement fee, late charge, over-limit fee, cash advance fee and foreign transaction fee. In addition to credit card welcome offers, you should also check with your provider to see the fees and charges of your credit card.

How does a bank determine my credit limit?

Banks look at your credit score and income to determine the maximum credit amount they would extend to you. If your application is approved, the credit limit a bank gives you may be lower or higher than what you indicated in your application. If your credit score is satisfactory, banks may give you the maximum credit limit. If you think your limit is too high, you can talk to your provider and ask them to reduce it. Know more about credit score by reading our credit card application guide.

How to pay my credit card bills?

There are many ways to pay credit card bills, the easiest way is to apply for the bank?s autopay service, which will automatically deduct the monthly payment from the bank account on the due date, so that you won't overlook the payment. Other methods that cardholders can choose to pay the bills include PPS, ATM, e-banking, cheque or convenience stores.

Can I make only the minimum payment on my credit card?

Making only the minimum payment is not the best way to pay the bills! If you just make the minimum payment on the credit card, the bank would charge you compound interest, which means you might owe more and more money and carry long-term debt. Cardholders are recommended to assess their repayment ability before using their credit cards, and pay off all outstanding debt as soon as possible.

How many credit cards should I own?

In the past, most people think we should not own too many credit cards, as it might lead to over-consumption or missing payment. With the development of modern society and more credit card offers, many of us own several credit cards for various purposes, such as one for overseas spending, one for earning Asia Miles, and the other one for monthly instalments.

Please note that if you always pay your credit card bill after the due date while owning many credit cards, your credit score could drop, which is likely to affect your credit card, mortgage and loan application.

How to prevent credit card fraud?

To protect yourself from credit card fraud, you should keep your credit card and personal information (including credit card numbers and security code) safe and never disclose your passwords or personal information to anyone. You should also keep record of all credit card transactions and check bank statements regularly. Report any suspicious transactions to your financial institution or bank immediately to avoid financial loss.

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