1. A credit card funds transfer application may only be submitted by a Principal cardholder.
2. The minimum credit card funds transfer amount is S$1,000, and the maximum is 95% of the total
available credit limit of the Standard Chartered Credit Card account indicated in the application form
(“Credit Card account”) at the time of processing the application.
3. The promotional interest rate of 0% p.a. (as indicated in the application form) is only applicable
to the amount transferred pursuant to the application submitted in respect of this promotion (“Approved
Amount”), and is only valid for the tenure indicated in the application form (“Tenure”). Any existing
outstanding balances and/or amounts subsequently incurred on the Credit Card account, including
instalment payment transactions, will be subject to the prevailing interest rate chargeable for the
Credit Card account if these amounts are not paid in full. The promotional interest rate is valid for
the Tenure from the date the application is approved and ends on the last day of the Tenure. Thereafter,
the prevailing interest rate chargeable for the Credit Card account will apply. The Effective Interest
Rate (EIR) is calculated taking into consideration the processing fee and based on the assumption that
full repayment is made within six months from the date the application is approved and with minimum
monthly payments of 1% of principal plus interest, fees, charges.
4. Following the approval of the application, a credit card funds transfer account will be set up in
the name of the principal cardholder. The one-time non-refundable processing fee on the Approved Amount
(as indicated in the application form) will be charged to the credit card funds transfer account upon
the approval of the application.
5. If the principal cardholder and/or his/her supplementary cardholder defaults on any payment in
respect of their respective credit card accounts or any other credit facilities with us during the
Tenure or for other reason which we deem appropriate at its reasonable discretion, a late payment
interest of 28% p.a. will be charged to all accounts. We shall also be entitled to withdraw the
Promotional Interest Rate and charge applicable finance charges, and/or late payment charges at such
rate as we may determine.
6. Credit Card Funds Transfer to any Standard Chartered Credit Card, Personal Credit, Home Renovation
Loan, Personal Loan, Overdraft and Mortgage accounts is not permitted. Supplementary cardholders, and
cardholders holding corporate cards or credit cards with $500 credit limit are not eligible to apply for
credit card funds transfer. Credit Card Funds Transfer will not be eligible for any Rewards Points and
7. We reserve the right to (a) decline the application or approve the application with a lower funds
transfer amount than the amount applied for without any reason whatsoever, and (b) withdraw, or vary the
terms of, this promotion at any time without prior notice. Our decision on all matters relating to this
promotion shall be final and binding. These terms apply in addition to our Customer Terms, Credit Card Terms and Credit Card Funds Transfer Programme Product Terms (collectively, “Other Terms”).
In the event of any inconsistency between the terms set out herein (“Terms”) and the Other Terms, these
Terms shall prevail only to the extent of such inconsistency.
Instant approval and instant loan disbursement are subject to the availability of external services and
systems including MyInfo and Credit Bureau Singapore.