Credit Card Limit Standard Chartered

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There are no fees and charges for Temporary Credit Limit Increase service. However, do take note that you must pay down the utilized additional limit upon expiry of the temporary credit limit. This is to avoid an overlimit fee of S$40, which is charged to your card account when the current balance on your card account exceeds your credit limit.

Carrying multiple credit cards is a common practice among people of all generations in India. While multiple cards given you the flexibility to spend and redeem different benefits on different cards, it also has the flipside of service charges levied by different banks for maintenance of the credit cards. Additionally, owning a single card with a higher credit limit helps you keep track of your expenditure, enabling you to plan your finances more systematically. To apply for a Standard Chartered credit card, click here.

If you monitor your expenses closely and make regular and appropriate payments, keeping in mind concepts such as the credit utilisation ratio among others, then your credit profile will definitely receive a boost. When the financial institutions start seeing you as a responsible lender, the chances of you qualifying for a low-interest, and high-principal loan also increases. This will enable you to negotiate better when applying for loans like an automobile loan, home loan or a short-term loan. For quick and easy loan approvals, click here!

Sometimes financial emergencies like immediate medical attention and hospitalisation, or extensive repair work at home, etc., can come out of nowhere. At these instances, the savings that you have in your bank accounts or fixed deposits may not be sufficient or in case of the latter, may not be immediately accessible. During such situations, it is imperative to have a credit card with a high limit. Having a high credit card limit means you can spend the usual amount on your utility bills, insurance premiums, and groceries, but at the same time, also have enough credit left to cover for unforeseen emergencies.

Each credit card holder enjoys some rewards from their respective banks and vendors. If your credit card has a higher limit, you can use it to pay for your travel expenses, utility bills, and medical bills and much more. That does not mean you are spending more than you usually do, but you are conducting most of the daily transactions through your credit card rather than using your debit card or cash. However, it is best to pay the credit card bills in full before the due date to avoid payment of interest. These reward points can help you get significant discounts on other expenditures like buying airline and train tickets and buying gifts off specific e-commerce sites, etc. Additionally, consistent usage and regular full payments may also help build your image for the banks to grant you other privileges. Check out the best Standard Chartered credit cards and their benefits!

Increasing your credit card limit on an existing card is always a better option than applying for a new card. A new credit card can dent your current credit score. This is because opening a new bank account shortens your current credit history. A long credit history is critical as almost all lenders review the credit history of the applicant when making lending decisions. Longer credit history shows that the applicant has significant experience in handling and managing credit successfully. Thus it corresponds to a better score and adding a new account can reduce your current CIBIL score.

Increasing your credit card limit on your existing card might sound highly advantageous, but like all good things, it comes with minor demerits. Here are a few facts you must remember when you apply for a higher credit card limit:

When you ask for an increased limit on your existing credit card, the credit card issuer can pull your credit report by requesting an inquiry. Each inquiry is added to your credit report. While a single hard inquiry should not affect your credit record, a history of frequent credit inquiries by different banks have the potential to indicate credit risk.

A higher credit card limit is not an excuse to spend more. You must increase the limit to lower your credit utilisation ratio. So, refrain from being a spendthrift, as self-control is essential to make the best of your credit card limit increase.

If you can restrict your monthly expenses to the regular amount, in spite of a high credit card limit, then increasing the limit is a good option for your finances. In case you are afraid that you will spend extra if your credit card limit is increased, then it makes little sense to opt for a higher credit limit. Always ensure that the disadvantages of increasing your limit do not outweigh the benefits. If necessary, keep a full tab of your daily expenses to control your credit card bill and improve your credit utilisation ratio. To apply for a Standard Chartered credit card, click here.

A Credit Card is pre-funded with an approved credit limit and it allows you to make payments and withdraw cash from ATM whereas, a Debit/ATM card allow you to make payments and withdraw cash from ATM by debiting funds directly from your bank account.

Credit Card works by allowing you to borrow money from the card issuer (bank) to meet your financial needs. It comes pre-loaded with an approved credit limit by the bank for making purchases (POS, ATM withdrawal, ecommerce etc). The spend from your credit card is required to be paid back later at the frequency agreed with the card issuer at the point of issuance. Most credit card usage earn you reward points and helps in building your credit profile.

There is no charge for cash withdrawals from the ATM. However, there is a 4% interest fee on amounts from the date of withdrawal until the amount is fully settled. For more details on our Terms And Conditions please go to

Note that a cash withdrawal via the ATM does not qualify for interest free credit period neither does it qualify for points on the 360 rewards points. Purchases via POS and online platforms are interest free if you fully pay the amount outstanding (without any cash withdrawal transaction), if amount is paid on or before the payment due date. Therefore, it may be costly to use your credit card to get cash out on a regular basis.

Just complete our limit/billing cycle change form and send same to your branch or creditc...@sc.com with preferred dates. We will then let you know if we can change the dates or not. More information on salary payment date may be required from you to change billing cycle

If you choose to make an additional payment against a fixed payment, the fixed amount will still be taken in full. But if you make an additional payment against a minimum payment, then your payment will go down by that amount.

The date your payment is due is printed on your monthly statement. The standing Instruction set up on your account will run on the due date. In case you want to make additional payment, please allow 3 working days for us to receive and process your payment.

You will receive your statement on your billing date once a month (as long as you have a balance). You will receive your eStatement in your email address with the bank from Global.E-St...@sc.com.

Each month you get a statement telling you of your full outstanding balance (everything you have spent plus any interest and charges) and the amount of your minimum payment. You can pay any amount between this minimum payment and your full outstanding balance

If your card is over limit as a result of decline in your financial status, you are required to immediately pay the difference; otherwise your next repayment would be 10% of total amount outstanding, instead of 1% minimum amount due

The statement date on your statement cycle is usually the same day as the last day of the billing period. This is the date your bill is actually issued, and your bill will be due twenty days after that. The statement date and the payment due date are not the same.

A billing cycle is recurring and is most often set to repeat on a monthly basis. For example, you may get your credit card bill on the fifth day of the month for payment or purchases done from the fifth of the previous month

A grace period is the period of time a credit card gives you to pay amount due, without having to pay interest on the new balance. The grace period runs from the end of a billing cycle to the next payment due date i.e.

The primary card holder will need to complete the supplementary card form for each supplementary card holder. Form can be downloaded from our website on -centre/download-centre.html. The primary card holder can also speak with their Relationship Manager.

Generally, credit limit will be updated within two working days after payment is received by the Bank. Please note that payments via GIRO, cheque and interbank transfer may require a longer time due to debiting bank or cheque clearing requirements.

Merchant refunds will not be taken as payments to your credit card account. Hence you still need to make the required payment as reflected in your latest statement. Any credit balance in the card will be used to offset future purchases.

Step 1: Complete the Credit Limit Review Form here.

Step 2: Where applicable, all supplementary cardholders are required to sign on the form.

Step 3: Attach your latest income document(s) together with the completed form, and send it back to us by mail using the reply envelope. Alternatively, you may fax the documents to 6305 1701.

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