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Important Information

Revision of GST rate from 8% to 9% for Credit Card Annual Fee and Transfer Fee with effect from 1 January 2024

Dear Clients,

As you may be aware, Singapore’s Goods and Services Tax (GST) rate will increase from 8% to 9% from 1 January 2024.

In line with that, the GST rate applicable to all Standard Chartered Credit Card Annual Fee and Transfer Fee will increase to 9% from 1 January 2024. Please refer to the list of Standard Chartered Credit Cards below for our cards’ Annual Fees from 1 January 2024:

CREDIT CARD ANNUAL FEE

(INCLUSIVE OF 9% GST)

PRINCIPAL CARD SUPPLEMENTARY CARD
Smart Perpetually waived Perpetually waived
Simply Cash

Journey

Rewards+

Spree

Prudential Platinum

Prudential Visa Signature

NUS Alumni Platinum

Manhattan Platinum

Manhattan World

Platinum Visa

Platinum Mastercard

S$196.20 Waived
Bonus$aver S$218.00 Waived
Business Platinum S$163.50 Waived
Visa Infinite S$599.50 Waived
Priority Banking Visa Infinite S$327.00 Waived for first year; S$163.50 for second year and onwards
Gold S$190.75 Waived

Transfer fee will be increased to S$27.25 (inclusive of 9% GST).

Thank you for banking with Standard Chartered.