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Change in Standard Chartered Credit Cards Minimum Payment Due Calculation

Dear Clients,

There will be a change in the minimum payment due calculation for all credit card accounts. This would have been communicated earlier as part of your account statement or as part of your next statement.

From statement cycle after 10 July 2021 onwards, the minimum payment due applicable to all credit card accounts will be revised to:

i.the greater of either S$50 or 1% of principal; plus

ii.interest, fees and charges; and

iii.any overlimit amount and any past due amount.

More information can be found at sc.com/sg/iid2

Thank you for banking with Standard Chartered.