| Q. | What is DCA$H? |
| A. | DCA$H is a combined facility that allows you to obtain cash advances and repay the cash advances by way of instalments, in accordance with the terms and conditions.
• No guarantor needed • No PIN to remember • No security or collateral required • Direct bank-in to your designated personal bank account |
| Q. | Do I need to submit income documents to apply for DCA$H? |
| A. | No, just simply complete and submit the application form. |
| Q. | How long does it usually take to approve my DCA$H application? |
| A. | It will take four (4) weeks to process an application. After approval, we will endeavour to credit the approved amount directly into your bank account as stated in the application form in seven (7) working days. |
| Q. | What is the minimum and maximum DCA$H amount? |
| A. | For Charge and Credit cardmembers, the minimum amount is S$500 and the maximum amount is up to 90% of the total combined credit limit, or a maximum of S$50,000 (whichever is lower); subject to the credit balance at the time of approval. For S$500 Limit Credit cardmembers, the minimum amount is S$100 and the maximum amount is S$300, subject to the credit balance at the time of approval. |
| Q. | Is there an age criteria to apply for DCA$H? |
| A. | The eligible age criteria is between 21 and 65 years old. |
| Q. | What are the charges for the DCA$H facility? |
| A. | For Charge and Credit cardmembers, a processing fee of S$180 will be charged and debited to your Card Account upon disbursement of the approved amount. In addition, DCA$H interest of 7.88% (15.21% effective interest rate) for 12-month repayments, 8.88% (17.50% effective interest rate) for 24-month repayments, 9.88% (19.24% effective interest rate) for 36-month repayments and 10.88% (20.74% effective interest rate) for 48-month repayments, apply. For S$500 Limit Credit cardmembers, a processing fee of S$15 will be charged and debited to your Card Account upon disbursement of the approved amount. In addition, DCA$H interest of 12.58%p.a. (25.05% effective interest rate) applies. |
| Q. | How do I repay the DCA$H Amount? |
| A. | DCA$H is billed to your account in 12, 24, 36 or 48 month instalments which you have signed up. The instalment amount is payable in full upon the due date stated in your Diners Club’s Statement of Account. For easy calculation, the cents will be rounded up and charged in the first instalment. Each instalment will be treated in the same manner as a charge arising from a Card Transaction in respect of your Card Account, of which Diners Club will send you monthly statement and is payable in accordance with the terms and conditions of the Card Account. |
| Q. | When will I be billed with my first repayment? |
| A. | Your first repayment will be debited to your Card Account upon disbursement of the DCA$H amount to your bank account. |
| Q. | Can I request for a cheque issued to me instead of crediting it into my bank account? |
| A. | Currently, we are unable to arrange for a cheque to be issued to you. The funds can only be deposited to your own personal bank account and not to any other third party account. |
| Q. | How will my credit limit be affected when I use DCA$H? |
| A. | The available overall limit on your Card Account will be provisionally reduced by blocking out the approved DCA$H amount, plus the processing fee. This will be progressively restored by the monthly repayment amount received by Diners Club. |
| Q. | Can I choose to repay my DCA$H amount before the end of my tenure? |
| A. | Yes, however any early repayment and/or account cancellation is subject to an Early Repayment Fee of S$150 for Charge and Credit cardmembers and S$15 for S$500 Limit Credit cardmembers. The balance repayment amount outstanding including full interest shall immediately become due and payable. |
| Q. | Will I earn Club Rewards Points for the DCA$H amount withdrawn? |
| A. | No, Club Rewards Points are not awarded for DCA$H withdrawal. |
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