Announcement on Government Service Tax for Credit Cards

Dear Cardholders,

1. The government service tax will be imposed on your Credit Card(s) effective 1 January 2010.
2. For new Cardholders (Cards approved from 1 January 2010 onwards), the service tax charge will be reflected in your first monthly statement.
3. For existing Cardholders, service tax will be imposed annually on the anniversary of the Credit Card issuance date, and will be reflected in your Credit Card statement (including for each renewed and/or upgraded Credit Card).
4. For new Cardholders, the service tax will be imposed on the Credit Card issuance date, as well as annually on the subsequent anniversary of the Credit Card issuance date, and will be reflected in your Credit Card statement (including for each renewed and/or upgraded Credit Card).
5. The service tax will not be charged for any replacement Credit Card issued in connection to lost or spoilt Cards or fraud.
6. For Cardholders with Choice Points, you may redeem your Choice Points to pay for the service tax:
   
   
   
7. Meanwhile, we would like to take this opportunity to thank you for being our loyal Cardholder. Please continue to enjoy the benefits and privileges we have reserved for you, such as:
   
   

   •	Balance Transfer rates as low as 3.99% for up to 18 months.
   •	New Choice Rewards redemption catalogue with more than 150 attractive items from 30 January 2010 onwards.
   •	Exciting year-round promotions and contests with attractive gifts to be won.

   
   
   Click here for FAQs »

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