Card Transactions in Foreign Currencies

Card Transactions in foreign currencies other than US Dollars will be converted into US Dollars before being converted into Singapore Dollars. Card Transactions in US Dollars shall be converted to Singapore Dollars on the date of conversion. All conversions are subject to such exchange rate at such time as may be determined by the respective card association(s), namely Visa International Service Association and/or MasterCard International Incorporated at its absolute discretion. The conversion rate applied is based on the Posting Date of the Card Transaction to the Card Account which may be different to the rate in effect on the date of the Card Transaction. The Bank shall charge the Cardmember the converted amount, an administrative fee of 1.5% or 1.75% where the Card is a Visa Infinite or World MasterCard, of the said amount (or such fee as the Bank may determine from time to time), and any charge levied by the card associations. The Bank may charge, credit and debit, as may be appropriate, all sums payable to the Bank under this Agreement to the Card Account.

Notwithstanding the above, if the Cardmember chooses to convert the overseas Card Transaction into Singapore dollars at the point of payment via dynamic currency conversion (a service offered at certain overseas ATMs and merchants), the Cardmember acknowledges that the process of conversion and exchange rates applied will be determined by the relevant ATM operator, merchant or dynamic currency conversion service provider, as the case may be.

Late Charge

5% of the minimum payment due or S$50, whichever is higher

Our fees and charges listed above are effective from 1 September 2012. We will notify you of any changes by giving you 30 days' notice except where otherwise stated in the Terms and Conditions governing the Bank's relevant Cards & Services.