| Interest-free period |
25 days from the date of the statement of account |
| Finance Charges for Card Transactions |
Prevailing interest rate of 27.8% p.a. (subject to compounding if the charges are not repaid in full) on the transaction amount, chargeable on a daily basis from the date of transaction until receipt of full payment. (Minimum charge: S$2.50). No finance charges will be levied if payment is received in full by the “Payment Due Date”, and there is no balance carried forward from the previous statement.
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| Finance Charges on Cash Advance |
Prevailing interest rate of 28.5% p.a. (subject to compounding if the charges are not repaid in full) on the amount withdrawn, chargeable on a daily basis from the date of withdrawal until receipt of full payment. (Minimum charge: S$2.50).
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| Minimum Monthly Payment |
3% of the statement balance (or S$50, whichever is greater) plus any amount that is overdue and/or exceeds your credit limit. |
| Late Payment Charge Per Account |
A late payment charge of S$100 will be levied if minimum payment is not received by the payment due date, provided your outstanding balance is above S$200, with effect from 27 April 2021.
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| Interest Adjustment |
If minimum payment is not received by the payment due date, an additional interest rate of 3% p.a. will be added to the prevailing interest rate of your Card Account, and shall take effect from the day after your next Card Account Statement date. The reinstatement to such prevailing interest rate will be effective on the first working day after your next Statement date once minimum payment is made in full on or before your payment due date. |
| Cash Advance Fee |
8% of the amount withdrawn per transaction or S$15, whichever is greater. |
| Fees for Foreign Currency Transactions |
All card transactions in foreign currency are subject to a charge imposed by the respective card associations, either as a reimbursement charge representing the charge imposed on us or as a direct charge to you. For foreign charges converted by Visa/MasterCard, Visa/MasterCard applies a conversion factor of 1% to the converted amount. For foreign charges converted by American Express, American Express applies a conversion factor of 1% to the converted amount. An administrative fee for services provided or actions taken by us in relation to such foreign currency transactions shall be payable by you and debited to your Card Account. The prevailing administrative fee is 2.25% of the foreign currency transaction amount for transactions involving VISA International and MasterCard International and 2% of the foreign currency transaction amount for transactions involving American Express International, Inc. |
| Dynamic Currency Conversion Fee |
Card transactions converted via dynamic currency conversion will be subject to an administrative fee of up to 1% by Visa and MasterCard on the converted Singapore dollar amount, or such other rate as determined by us and notified to you. |
| Payment Hierarchy |
Payment made to your account shall be applied to settle the billed outstanding balances that attract the highest interest first, in the order of outstanding interest, fees and followed by the outstanding principal. |
| Lost/Stolen Card Liability |
Limited to S$100 only if :
- you have immediately notified us of the loss, theft or unauthorized disclosure;
- you assist us in the recovery of the unauthorised charges incurred;
- you furnish us with a police report accompanied by written confirmation of the loss, theft or unauthorised disclosure and any other information that we may require; and
- we are satisfied that such loss, theft or unauthorised disclosure is not due to your negligence or default. You shall not be liable for any transactions carried out after we have been notified of the loss, theft or disclosure.
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