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Important Information

Important Additional Change to Credit Card Terms and Bonus$aver Product Terms

With effect from 2 May 2020 (inclusive of this date), please be informed that cashback and 360° Rewards Points (as the case may be) will not be awarded and earned respectively for transactions charged to all credit cards issued by Standard Chartered Bank (Singapore) Limited under the merchant category code 6051.

These transactions include Non-Financial Institutions – Foreign Currency, Non-Fiat Currency (e.g. cryptocurrency), Money Orders (not Money Transfer), Account Funding (not Stored Value Load), Travellers’ Cheques and Debt Repayment.

This latest change will be added to each of the clauses that was listed in an earlier document, Important Changes to Credit Card Terms and Bonus$aver Product Terms,  published on 28 February 2020 [under section 2. Credit Card Terms] and will now read as follows:

The following will be added to the Credit Card Terms as a new Clause Part D – 14.3.3.(o), Part H – 61.13, Part I – 76.13, Part J1 – 6.14, Part J5 – 6.16, Part K1 – 6.14, Part L -122.13, Part M – 139.13, Part N – 159.13, Part O – 193.l and Part P1 – 242.o.

“Any transaction classified under one or more of the following Merchant Category Codes:

  • 6051 (Non-Financial Institutions – Foreign Currency, Non-Fiat Currency (e.g. cryptocurrency), Money Orders (not Money Transfer), Account Funding (not Stored Value Load), Travellers’ Cheques, and Debt Repayment) – New
  • 6211 (Security Brokers/Dealers)
  • 4829 (Money Transfer) and 6513 (Real Estate Agents and Managers)
  • 8211 (Elementary and Secondary Schools)
  • 8220 (Colleges, Universities, Professional Schools, and Junior Colleges)
  • 8241 (Correspondence Schools), 8244 (Business and Secretarial Schools)
  • 8249 (Vocational and Trade Schools) and 8299 (Schools and Educational Services; not elsewhere classified)
  • 9211 (Court Costs, Including Alimony and Child Support)
  • 9222 (Fines), 9223 (Bail and Bond Payments)
  • 9311 (Tax Payments)
  • 9399 (Government Services; not elsewhere classified)
  • 9402 (Postal Services – Government Only) and 9405 (U.S. Federal Government Agencies or Departments); and”

The revised Credit Card Terms and Bonus$aver Product Terms document will be available here from 2 May 2020 (inclusive of this date) onwards. Alternatively, you can visit any of our branches or call our 24-hour Client Contact Centre at +65 747 7000 to request for a hard copy.

Thank you for banking with Standard Chartered.