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DBS Black World Mastercard: Top Miles Rate and Discounts for Travellers

45% Discount on Rewards Redemptions

DBS Black World Mastercard: Top Miles Rate and Discounts for Travellers

45% Discount on Rewards Redemptions

4.5/5.0

ValueChampion Rating ValueChampion Icon

Good for

  • Frequent travellers who prioritise rapid miles accrual
  • High spenders with large overseas budgets
  • People who fly with a variety of airlines

Bad for

  • People looking for a low or no-fee card
  • Travellers who prioritise free lounge access
  • Consumers loyal to one airline

DBS Black World Mastercard is ideal for high-spending travellers who want to accelerate the value of their rewards. Cardholders earn the equivalent of 0.167 miles per HK$1 local spend, elevated to 0.250 miles overseas. While these are competitive rates, what really stands out is the fact that consumers can dramatically increase the value of their rewards when redeeming them for flights, hotels, and car rentals through DBS's iGO platform, where they receive a 45% discount (equivalent to boosting DBS$ value by 1.8x).

Altogether, consumers looking to accelerate the value of their rewards earnings should definitely consider DBS Black World Mastercard.

ProsCons
  • 0.167 miles locally, 0.250 miles overseas
  • 45% discount when redeeming rewards
  • No miles redemption fee w/ select airlines
  • Req. a lot DBS$ to capitalise on discount
  • No free lounge access (req. US$32/visit)
  • Unwaivable HK$2k annual fee
Promotions:
  • Receive up to 4k miles on 1st HK$2k local spend in 1st 2mo
  • Receive up to 25k miles on next HK$100k local spend in 1st 2mo
  • Receive up to 21k miles on first HK$63k overseas spend in 1st 2mo
  • Receive DBS$200 for autopay bill payment registration
Card Overview
Pros:
  • 0.167 miles locally, 0.250 miles overseas
  • 45% discount when redeeming rewards
  • No miles redemption fee w/ select airlines
  • Promotions: Receive up to 4k miles on 1st HK$2k local spend in 1st 2mo
  • Receive up to 25k miles on next HK$100k local spend in 1st 2mo
  • Receive up to 21k miles on first HK$63k overseas spend in 1st 2mo
  • Receive DBS$200 for autopay bill payment registration
Cons:
  • Req. a lot DBS$ to capitalise on discount
  • No free lounge access (req. US$32/visit)
  • Unwaivable HK$2k annual fee

What Makes DBS Black World Mastercard Stand Out

DBS Black World Mastercard is ideal for high spending, frequent travellers with large overseas budgets. Although rewards are technically earned in DBS$ (a rewards currency of DBS), cardholders earn the equivalent of 0.167 miles per HK$1 spend locally, boosted to 0.250 miles overseas, which is in-line with other high-end travel cards.

DBS Black World Mastercard stands out by allowing consumers to maximise the value of their rewards with a 45% discount on DBS$ redemptions for flights, hotel nights, and car rentals made through DBS's iGO platform. Put another way, the value of each DBS$1 earned is nearly doubled (increased 1.8x) when redeemed through the iGO platform. This is especially valuable for high-spending frequent travellers rapidly accruing rewards by taking advantage of boosted rates overseas. DBS iGO also allows consumers to combine DBS$ redemption with HK$, so consumers can enjoy a partial discount even if they don't have enough DBS$ to totally cover the reward.

Effective Cost of Air Tickets By Redemption Combination (DBS$1 = HK$1)

DBS$ Only50% DBS$, 50% HKD25% DBS$, 75% HKD
Listed PriceDBS$/HK$1,000DBS$/HK$1,000DBS$/HK$1,000
45% DBS$ Discount- DBS$450- DBS$225- DBS$112.50
Adjusted CostDB$550 + HK$0DB$275 + HK$500DB$137.50 + HK$750
Effective CostHK$550.00HK$775.00HK$887.50
Consumers only receive a 45% redemption discount on portion paid in DBS$. HK$ spend is not eligible for redemption discount.

It's worth mentioning that DBS Black World Mastercard does have a few comparative disadvantages. Consumers need to pay a HK$2k annual fee, waived only the first year. Many miles cards with similar rates in Hong Kong have no annual fee or offer spend-based waivers (typically with HK$150k annual spend). DBS Black World Mastercard also doesn't offer the same level of luxury perks provided by other high-end travel cards. For example, Amex Cathay Pacific Elite and Citi Prestige both offer free lounge perks. DBS Black World Mastercard offers lounge access, but cardholders must pay US$32 per visit.

Annual Fee, Rewards Rate & Lounge Perk Comparison

Annual Fee
  • Rewards Rate
Lounge Perk
DBS Black World
  • HK$2k
  • (waived 1st-yr only)
  • 0.167 mi locally
  • 0.250 mi overseas
US$32/visit
BEA Flyer World
  • HK$1.8k (waived w/ select BEA accts)
  • 0.200 mi locally
  • 0.200 mi overseas
US$32/visit
  • Amex Cathay
  • Pacific Elite
  • HK$1.8k (waived w/ HK$150k annual spend)
  • 0.167 mi locally
  • 0.250 mi overseas
  • 0.333 mi Cathay Pacific bookings
10 free lounge visits/yr
Citi Prestige
  • HK$3.8k
  • (no waiver)
  • 0.167 mi locally
  • 0.250 mi overseas
Unltd free lounge
BEA Flyer World rates excludes transactions at supermarkets, department stores, travel agencies & government departments, which earn 0.125 mi/HK$1 spend.

Still, DBS Black World Mastercard is a great option for high-spending, frequent travellers looking to max out the value of their earned rewards. While consumers can find free lounge visits or avoid annual fees with other high-end miles cards, DBS Black World Mastercard allows consumers to dramatically increase the value of the rewards they've already earned.

How Does DBS Black World Mastercard's Rewards Program Work?

Use our quick guide below to learn how you can redeem your credit card rewards.

  • Earn rewards in the form of DBS$
  • DBS$ can be redeemed for miles, cash rebates, vouchers, hotel nights, car rentals, or activity packages
  • DBS$ typically redeemed at a rate of DBS$1 = HK$1 value
  • DBS$ redeemed through DBS's iGO platform for flights, hotel nights or car rentals redeemed at a rate of DBS$1 = HK$1.82 value
  • Redemptions through DBS iGO platform incur a HK$50 administrative fee

DBS Black World Mastercard's Features and Benefits:

Card Overview
  • Annual Fee: HKD 2,000, 1-Year Waiver
  • Income Requirement: HKD 240,000
Rewards Rate Details
  • 0.167 miles per HK$1 local spend
  • 0.250 miles per HK$1 overseas spend
Benefits & Perks
  • Receive 45% discount on rewards redeemed through DBS iGO
  • No miles redemption fees w/ select airline partners
  • Airport lounge access at US$32 per person
  • Limo transfer service to/from HKIA for HK$680 each way.
  • E-commerce and Fraudulent Transaction protections
Promotions:
  • Receive up to 4k miles on 1st HK$2k local spend in 1st 2mo
  • Receive up to 25k miles on next HK$100k local spend in 1st 2mo
  • Receive up to 21k miles on first HK$63k overseas spend in 1st 2mo
  • Receive DBS$200 for autopay bill payment registration

DBS Black World Mastercard's Rewards Exclusions

The following credit card expenditures are ineligible for rewards.

Cash advances and relevant handling/administration fees; foreign exchange; finance charges; reversed transactions; late charges; credit card annual fee; call-a-loan, balance transfer; funds transfer; fee based instalment; insurance payment; tax payment; and bill payment made through DBS iBanking, JET Payment Service or any other means as specified by the Bank from time to time
Spend on casino chips
Transactions that have been subject to cancellation, charge-back, return of goods and/or refund or any other types of transactions specified by the bank from time to time

How does DBS Black World Compare Against Other Cards?

Read our comparisons of DBS Black World Mastercard with other cards to learn what makes each card unique in their own way. We compare and contrast each card to highlight its uniqueness to help you identify the card that best fits your needs.

Graph showing some of Hong Kong's best credit cards in terms of value-to-consumer after two years, based on an average monthly spend of HK$12,000

DBS Black World Mastercard v. American Express Cathay Pacific Elite Credit Card
  • Annual Fee: HKD 1,800 (waiver available)
  • Stand-Out: 10 free lounge visits + 0.333 miles/HK$1 w/ Cathay Pacific
  • Read Our Full Review
Cathay Pacific loyalists looking for free lounge visits should definitely consider American Express Cathay Pacific Elite Credit Card.Like with DBS Black World Mastercard, cardholders earn 0.167 miles per HK$1 local spend, elevated to 0.250 miles overseas. However, Amex Cathay Pacific Elite cardholders also earn a special rate of 0.333 miles on Cathay Pacific flight bookings.


Additionally, consumers can enjoy up to 10 free lounge visits per year. In terms of cost, Amex Cathay Pacific Elite also waives its HK$1.8k annual fee for consumers who spend at least HK$150k/year or maintain a Silver tier Marco Polo Club membership.

DBS Black World Mastercard may not reward airline loyalists, but it does provide accelerated rewards on nearly all flight bookings with redemption discounts. This increased value comes at a price, however, as DBS Black World has no annual fee waivers.

Altogether, Cathay Pacific loyalists may be better off with American Express Cathay Pacific Elite Credit Card, while travellers who want to flexibly maximise their earned rewards should consider DBS Black World Mastercard.

DBS Black World Mastercard v. Citi Prestige Card
  • Annual Fee: HKD 3,800
  • Stand-Out: Free 4th night at hotels + annual gift of 20k miles
  • Read Our Full Review
Citi Prestige Card is great for affluent travellers seeking the highest level of luxury perks. To start, cardholders earn 0.167 miles locally boosted to 0.250 miles overseas, which is further elevated by a yearly "Thank You Gift" of 20k miles and additional Annual Relationship Points based on the cardholder's relationship type and tenure with Citi.


Consumers also enjoy some of the best luxury perks on the market like unlimited free lounge visits, a free 4th night at any hotel, waived green fees across SE Asia & more. However, these perks come with a very high HK$3.8k unwaivable annual fee.

DBS Black World earns at the same rewards rates as Citi Prestige, but accelerates the value of earned rewards through redemption discounts. Although it has far fewer perks, it's HK$2k annual fee is about half of the fee charged by Citi Prestige. Affluent consumers who prioritise top luxury perks and are willing to pay for them may be better off with Citi Prestige Card; those who want to maximise rewards value might prefer DBS Black World MasterCard.

DBS Black World Mastercard v. BEA Flyer World Mastercard
  • Annual Fee: HKD 1,800 (waiver available)
  • Stand-Out: 0.2 miles/HK$1 everyday spend
  • Read Our Full Review
People who want to earn miles but primarily spend locally–especially those who are open to banking with BEA–should definitely consider BEA Flyer World Mastercard. Cardholders earn 0.200 miles per HK$1 spend both locally and overseas, which is relatively high, especially for Hong-Kong-based purchases. Consumers are also exempt from the HK$1.8k annual fee if they hold a deposit, Mandatory Provident Fund, mortgage, or consumer loan account with BEA.


DBS Black World may have a lower local rewards rate, but the value of rewards earned (locally or overseas) can be nearly doubled when redeemed for air tickets or travel packages. However, this comes with the price of an unwaivable HK$2k annual fee. BEA customers seeking miles for local spending may be better off with BEA Flyer World Mastercard, while frequent travellers willing to pay for boosted rewards should consider DBS Black World Mastercard.

DBS Black World Mastercard v. Standard Chartered Asia Miles Mastercard
  • Annual Fee: HKD 2,000 (waiver available)
  • Stand-Out: Up to 1.25 mi/HK$1 on dining + miles for banking w/ SC
  • Read Our Full Review
Standard Chartered Asia Miles Mastercard is a great option for everyday, miles-seeking consumers looking to avoid annual fees. Cardholders earn 0.167 miles on local spend, plus 0.250 miles overseas, online & on local dining spend (with a special boost at select restaurants).


SC Priority and Premium Banking customers also earn monthly bonus miles by holding select financial products. Finally, SC Asia Miles also waives its HK$2,000 fee for SC Bonus Payroll, Priority or Premium Banking account holders.

DBS World earns at the same local & overseas rate as SC Asia Miles, but rewards earned are nearly doubled when redeemed on DBS's iGO platform. Still, SC Asia Miles Mastercard's special boost for more categories may make it a better fit for foodies and frequent online shoppers who spend enough to waive the annual fee.

DBS Black World v. Amex Cathay Pacific Elite Credit Card
  • Annual Fee: HKD 1,800 (waiver available)
  • Stand-Out: 10 free lounge visits + 0.333 miles/HK$1 w/ Cathay Pacific
Cathay Pacific loyalists looking for free lounge visits should definitely consider American Express Cathay Pacific Elite Credit Card.Like with DBS Black World Mastercard, cardholders earn 0.167 miles per HK$1 local spend, elevated to 0.250 miles overseas. However, Amex Cathay Pacific Elite cardholders also earn a special rate of 0.333 miles on Cathay Pacific flight bookings.


Additionally, consumers can enjoy up to 10 free lounge visits per year. In terms of cost, Amex Cathay Pacific Elite also waives its HK$1.8k annual fee for consumers who spend at least HK$150k/year or maintain a Silver tier Marco Polo Club membership.

DBS Black World Mastercard may not reward airline loyalists, but it does provide accelerated rewards on nearly all flight bookings with redemption discounts. This increased value comes at a price, however, as DBS Black World has no annual fee waivers. Altogether, Cathay Pacific loyalists may be better off with American Express Cathay Pacific Elite Credit Card, while travellers who want to flexibly maximise their earned rewards should consider DBS Black World Mastercard.

DBS Black World v. Citi Prestige Card
  • Annual Fee: HKD 3,800
  • Stand-Out: Free 4th night at hotels + annual gift of 20k miles
Citi Prestige Card is great for affluent travellers seeking the highest level of luxury perks. To start, cardholders earn 0.167 miles locally boosted to 0.250 miles overseas, which is further elevated by a yearly "Thank You Gift" of 20k miles and additional Annual Relationship Points based on the cardholder's relationship type and tenure with Citi.


Consumers also enjoy some of the best luxury perks on the market like unlimited free lounge visits, a free 4th night at any hotel, waived green fees across SE Asia & more. However, these perks come with a very high HK$3.8k unwaivable annual fee.

DBS Black World earns at the same rewards rates as Citi Prestige, but accelerates the value of earned rewards through redemption discounts. Although it has far fewer perks, it's HK$2k annual fee is about half of the fee charged by Citi Prestige. Affluent consumers who prioritise top luxury perks and are willing to pay for them may be better off with Citi Prestige Card; those who want to maximise rewards value might prefer DBS Black World MasterCard.

DBS Black World v. BEA Flyer World
  • Annual Fee: HKD 1,800 (waiver available)
  • Stand-Out: 0.2 miles/HK$1 everyday spend
Consumers who want to rapidly earn miles on their everyday spend–especially those open to banking with BEA–should definitely consider BEA Flyer World Mastercard. Cardholders earn 0.125 miles per HK$1 spend at supermarkets, department stores, travel agencies & government departments and 0.200 miles on nearly every other purchase. While there is a HK$1.8k annual fee, it's waived for consumers who hold a deposit, Mandatory Provident Fund, mortgage or consumer loan account with BEA.


DBS Black World may have a lower local rewards rate, but the value of rewards can be nearly doubled when redeemed for air tickets or travel packages. DBS Black World's annual fee does not have a perpetual waiver option, however. Ultimately, BEA customers looking for high miles rates on local everyday purchases may be better off with BEA Flyer World Mastercard, while frequent travellers may want to instead consider DBS Black World Mastercard.

DBS Black World v. SC Asia Miles
  • Annual Fee: HKD 2,000 (waiver available)
  • Stand-Out: Up to 1.25 mi/HK$1 on dining + miles for banking w/ SC
Standard Chartered Asia Miles Mastercard is a great option for everyday, miles-seeking consumers looking to avoid annual fees. Cardholders earn 0.167 miles on local spend, plus 0.250 miles overseas, online & on local dining spend (with a special boost at select restaurants). SC Priority and Premium Banking customers also earn monthly bonus miles by holding select financial products. Finally, SC Asia Miles also waives its HK$2,000 fee for SC Bonus Payroll, Priority or Premium Banking account holders.


DBS World earns at the same local & overseas rate as SC Asia Miles, but rewards earned are nearly doubled when redeemed on DBS's iGO platform. Still, SC Asia Miles Mastercard's special boost for more categories may make it a better fit for foodies and frequent online shoppers who spend enough to waive the annual fee.

Jacob Weiss

Jacob is a Junior Research Analyst at ValueChampion, focusing on credit cards and other consumer financial products. Previously, he covered hedge funds and long only products for Cambridge Associates. He holds a B.S. in Finance from the University of Maryland and has passed Level 1 of the CFA exam.