Revision of GST rate from 7% to 8% for Credit Card Annual Fee with effect from 1 January 2023
Dear Clients,
As you may be aware, Singapore’s Goods and Services Tax (GST) rate will increase from 7% to 8% from 1 January 2023.
Correspondingly, the GST rate applicable to all Standard Chartered Credit Cards annual fee will increase to 8% from 1 January 2023. Please refer to the list of Standard Chartered Credit Cards below for our cards’ Annual Fees from 1 January 2023:
| CREDIT CARD ANNUAL FEE
(INCLUSIVE OF 8% GST) | PRINCIPAL CARD | SUPPLEMENTARY CARD |
|---|---|---|
| Smart | Perpetually waived | Perpetually waived |
| Rewards+
Simply Cash Spree Prudential Platinum Prudential Visa Signature NUS Alumni Platinum Manhattan Platinum Manhattan World Platinum Visa Platinum Mastercard | S$194.40 | Waived |
| Bonus$aver | S$216.00 | Waived |
| Business Platinum | S$162.00 | Waived |
| Visa Infinite | S$594.00 | Waived |
| Priority Banking Visa Infinite | S$324.00 | Waived for first year; S$162.00 for second year and onwards |
| Visa Infinite X | S$702.00 | S$108.00 |
| Gold | S$189.00 | Waived |
| Classic | S$64.80 | Waived |
| Manhattan $500 | S$32.40 | Waived |
Thank you for banking with Standard Chartered