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:

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

Thank you for banking with Standard Chartered.