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Big bills, small payments with CardUp and DBS

Use CardUp to pay by card even if your recipients don't accept cards. Then, convert and defer your cash out flow via instalments with DBS My Preferred Plan (MP3).

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Access your invisible cash reserve for growth

Tap into your pre-approved card limits to pay for these large expenses that traditionally can't be paid by cards

Bulk seasonal purchase

Bulk Seasonal Purchase

Group Insurance and wellness programs

Group Insurance and Wellness Programs

Office Renovations

Office Renovations

Marketing and Advertising Costs

Marketing and Advertising Costs

Utilities

Utilities

Equipment and Technologies

Equipment and Technologies

Professional Services (Consultancy, Accounting)

Professional Services (Consultancy, Accounting)

Transportation and Logistics

Transportation and Logistics

Smarter way to optimise cashflow

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Pay expenses that traditionally can't be paid by card via CardUp - even if your recipients don't accept cards

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Low-cost cashflow optimiser - slice CardUp payments into bite-sized instalments to control your cash outflow

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Charge your card
Enter your payment and card details. You can pay anyone, even if they don't use CardUp. 

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Split your large CardUp payment
Apply DBS MP3 to your selected CardUp business payments - no additional collateral is required.

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Your recipient gets paid
CardUp charges your card and your recipient receives the funds via bank transfer in as fast as one business day. 

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Choose your preferred payment plan
On top of your card billing cycle, you can choose instalment plans from 3-24 months to split up your cash outflow.

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You pay when it is due
Pay only when your card bill is due, or defer with the DBS MP3 instalment plan

 

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Low/ No additional costs
MP3 charges a one-time small processing fee which can be deferred for 3 months at no extra cost. No hidden costs or charges like traditional loans

How does this option compare to others?

 

 

 

Effective Cost of Financing

 

 

Collateral Requirement

 

 

 

Speed of Approval

 
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from 2.32%p.a.*
 
 
 
No collateral required.
Tap onto pre-approval credit card limit
  
 
 
 
As fast as 1 business day
 

 

Bank Loan

short-term

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5-10% p.a.
 
 
 
Often requires collateral or personal guarantees
 
 
 
 
    
Several days to weeks

 

Trade

financing

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8-12% p.a.
 
 
 
May require collateral; unsecured options at higher rates
 
    
 
 
Several days to weeks

 

 

Overdraft

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7-12% p.a.
 
  
 
Usually requires collateral
 
 
 
 
  
 
Several days to weeks

 

Invoice

financing

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7-15% p.a.
 
 
 
Typically does not require additional collateral beyond invoices themselves
  
 
   
A few hours to a few days

*2.32% p.a. is calculated based on a S$10,000 payment made via CardUp and further split for 24 months via DBS MP3 with a one-time 6% fee and a cashback of 1.88% (cap at S$108).
The cost of DBS MP3 starts at 0% for a 3-month instalment - yes, it's free for the first 3 months!

Who should take advantage of this service?

DBS Platinum Business Card and DBS World Business Card cardholders who are... 

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Dealing with seasonal spikes in expenses

Manage bulk inventory purchases, upfront store or rental costs, renovations, or new equipment easily before you receive your income

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Seeking for low-cost and flexible loan alternatives

Avoid the hassle of traditional loans, and switch to your credit card to enjoy the convenience of utilising your credit limit to supporting your monthly operating expenses

Fees & promotions

 

 

3 months

6 months

12 months

18 months

24 months

    CardUp Fee

1.25%

1.25%

1.25%

1.25%

1.25%

DBS One-Time
Processing Fee

0%

3%

5%

6%

6%

Interest rate

Interest-free

Interest-free

Interest-free

Interest-free

Interest-free

Effective Processing Fee
(CardUp + MP3) Less Cashback1 

S$125
No cashback2

S$196

S$398

S$500

S$500

Effective Days of Financing3

146 days

237 days

420 days

602 days

785 days

Effective Cost of Financing4

3.16%

3.01%

3.46%

3.03%

2.32%

 

 

1. Our partnership with DBS offers you a 1.88% (cap at S$108) cashback when you apply for MP3. A minimum of S$5000 in qualifying transactions is required. Loan, payroll and rent-related payments are not eligible for cashback

2. Campaign cashback is not applicable for the 3-month payment plan, but there is no additional cost for you to extend your payment.

3. Estimated days of financing include the extra 55 days (+/-) billing cycle terms from your credit card

4. The effective cost of financing will be further reduced from the exclusive DBS x CardUp partnership cashback 

DBS Points/Cash Rebates will not be awarded for transactions utilised to qualify for the MP3. Any DBS Points/Cash Rebates which were awarded as such will be reversed.

Great, I'm ready. What's next? 

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1. Pay Your Expenses

Complete the form below to enjoy exclusive DBS Commercial Card rates for your CardUp payments

By submitting this form, you agree to receive communication from CardUp. You can opt-out at any time. Refer to our Privacy Policy for more details

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2. Complete the MP3 Form
Click "Apply here" below to fill out the DBS MP3 application form

By clicking the button link above, you will be redirected to a third-party website, dbs.com.sg, which is not operated and managed by CardUp. CardUp does not have control over the content, accuracy, or functionality of this website and does not guarantee any products, services, or information provided therein. Please be advised that your access to the website is governed by its own terms and conditions, and privacy policies. CardUp shall not be held liable for losses or damages arising from your access to or use of the website.


 

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3. Updates from DBS

The status of your request will be notified via SMS within the next few business days.

FAQs

What are the terms & conditions of the promotion?

Do I need to apply for MP3 again if I'm paying the same recipient?

How quickly can my MP3 application get approved?

Who do I speak to if I do not receive any notification about my application?

Are there additional fees?