The American Express® Singapore Airlines Business Credit Card (“Card”) is issued by American Express International, Inc. (“AEII”, “Amex”, “us”, “we”, “our”) and the application to AEII shall be governed by the Terms and Conditions set out herein.
Important: The Basic Card applicant, the Company/Business and all Supplementary Card applicants (any and all of the aforesaid shall be referred to as “You” or “your”) must read and agree to all the Terms and Conditions on this application before submitting this application.
1. CARD MEMBER AGREEMENT
The Card Member Agreement for the American Express® Singapore Airlines Business Credit Card (as may be amended, substituted or supplemented by us from time to time) shall govern the use of the Card account. You agree to be bound by such Card Member Agreement and understand that a copy of the prevailing Card Member Agreement is made available on the AEII website at Card Terms and Conditions. A summary of certain terms of the Card Member Agreement are set out herein, however, in the event of any inconsistency between the terms and conditions set out herein and the Card Member Agreement, the Card Member Agreement shall prevail.
2. APPROVAL OF APPLICATION AND CREDIT LIMIT
You acknowledge that we may decline this application at our sole discretion without giving any reason and without entering into any correspondence. Amex shall not in any event be liable for any consequences arising from or in connection with any rejection of this application and that in the case of any dispute, Amex’s decision shall be final.
You also agree that notwithstanding that You may have indicated a preferred credit limit, we shall in our sole discretion determine the credit limit of the Card which may be lower than any specified preferred credit limit.
The Basic Card Member and the Company/Business set out in Section 4 of the application agrees to accept joint and several liability for all charges, fees and any other liabilities incurred with the Card, any additional and/or Supplementary Cards. Each Supplementary Card Member accepts joint and several liability with the Basic Card Member and the Company/Business set out in Section 4 of the application for all charges, fees and any other liabilities incurred on the relevant Supplementary Card.
Basic Card Member and Supplementary Card Member
You hereby represent and warrant that:
(a) All information and documents provided by You in connection with this application are true and complete, and that You have not withheld any information which may be material in the context of this application. All information provided in this application is not the subject of any dispute and AEII shall be entitled to rely on any information and document furnished by You. In the event any of the information and/or representation given by You has changed, becomes inaccurate or misleading, You shall immediately notify AEII in writing of any such change.
(b) You are not an undischarged bankrupt and there has been no statutory demand served on You. No legal proceedings have been commenced against You.
The Company/Business hereby represents and warrants that:
(a) All information and documents provided in connection with this application are true and complete, and that we have not withheld any information which may be material in the context of this application. All information provided in this application is not the subject of any dispute and AEII shall be entitled to rely on any information and document furnished by us. In the event any of the information and/or representation given by the Company/Business has changed, becomes inaccurate or misleading, we shall immediately notify AEII in writing of any such change.
(b) We are not insolvent or wound up and no legal proceedings have been commenced against us. Neither the Authorised Officer nor any of our directors or partners (as the case may be) is an undischarged bankrupt and no legal proceedings have been commenced against any of them.
(c) Where we are a company, the Constitution or Memorandum and Articles of Association has made provision for the directors to exercise all powers of company to borrow money and the appropriate resolutions have been passed in accordance with the Constitution or Memorandum and Articles of Association approving the submission of this application. Where we are a partnership, the unanimous consent of all partners has been obtained to submit this application.
5. DATA PROTECTION AND USE OF PERSONAL DATA
1. Disclosure of Personal Information
(a) You agree that any information provided by you in the application form, at our request or otherwise collected during the operation of the Card Account (“Personal Information”) and any data derived from your Personal Information may be disclosed to:
(i) companies within the worldwide American Express group of companies (“Amex Group companies”);
(ii) third parties who process transactions submitted by merchants on the American Express network where you use the Card worldwide;
(iii) processors and suppliers we or Amex Group companies may engage;
(iv) the providers of services and benefits associated with your Card Account;
(v) consumer credit bureaus, collection agencies and lawyers;
(vi) parties who accept the Card in payment for goods and/or services purchased by you;
(vii) parties who distribute the card;
(viii) Singapore Airlines Limited, the co-branded partner for the Card;
(ix) banks, financial institutions, government agencies, statutory boards or authorities in Singapore or elsewhere;
(x) anyone to whom we may transfer contractual rights;
(xi) the Business whose Singapore Airlines HighFlyer membership account is linked to the Card Account; and
(xii) any other party approved by you or to whom we consider it in our interests to make such disclosure.
(b) In particular, You also and further agree that your Personal Information (which includes your identity and your transaction pattern data) may be disclosed to Singapore Airlines Limited for the purposes of Singapore Airlines Limited and/or its service providers or agents performing data analytics, market research and marketing, and delivery of products, services and benefits by Singapore Airlines Limited associated with your Card account including but not limited to administering the HighFlyer Programme (including enrolling you into the HighFlyer Programme, and managing HighFlyer points and HighFlyer accounts) and the KrisFlyer Programme (including updating your KrisFlyer membership status). If you wish to withdraw your consent to your Personal Information being disclosed to Singapore Airlines Limited for the purposes described in this sub-paragraph, you may make such request in writing to the Data Privacy Officer at the address set out in paragraph 5(7) to update your privacy preferences at any time. Please note that if you withdraw your consent to any or all use of your Personal Information for the abovementioned purposes, depending on the nature of your request, Singapore Airlines Limited may not be able to provide or continue administering your HighFlyer or KrisFlyer membership and account.
2. Use of Information
We may use your Personal Information, including aggregated or combined with other information for any of the following purposes.
(i) Delivering our products and services to You, including the management and operation of your Account;
(ii) Improving our products and services and to conduct research and analysis;
(iii) Advertising and marketing our product and services, and those of our third party business partners;
(iv) Managing risks relating to our business, including credit risk, fraud risk and operational risk.
Your data may also be used for other purposes for which You give your specific permission, or when required by law, or where permitted under the terms of the Personal Data Protection Act 2012.
3. Third-Party Consents
Where You provide us with information relating to a third party (including any Supplementary Card Member as the case may be), or where You purchase goods and/or services on behalf of a third party, You confirm that You have informed and obtained consent, if necessary, of that third party to the processing of his or her information by American Express and third parties. In respect of Supplementary Card Members, this may include the use of his or her details for marketing purposes or disclosure to the consumer credit bureau and for fraud prevention purposes.
We may use your Personal Information to identify goods and services in which You may be interested; and market offers to You (by mail, email, via the internet or using other electronic means) in relation to such goods and services.
If You wish to opt-out of receiving marketing from us, You may opt out of such marketing offers in this application or go to americanexpress.com.sg to update your privacy preferences at any time. You agree that your consent will remain in place until You withdraw it or until 12 months after you cease being an American Express® Card Member.
We may also, from time to time, contact You to ensure that the information we hold about your marketing preferences is up to date.
5. Credit Bureau
We will exchange your Personal Information with credit bureaus and carry out credit checks and other assessments. We may inform the bureaus of the current balance on your Card account and we may tell them if You do not make payments when due. They will record this information and may share this with other organisations in accordance with their legal powers and obligations.
6. International Transfer of Data
Personal Information may be processed, accessed or disclosed in countries outside Singapore when You travel or make foreign purchases and for the purpose of administering your Card account. In such cases, we will take appropriate steps to ensure the same level of protection for your information in other countries outside Singapore.
7. Access and Correction
You are entitled at any time to request access to information held by us about You or your Account and to update and correct such information. You agree that Amex may impose a modest charge to cover the costs of complying with such requests. Please make such requests in writing to the Data Privacy Officer, American Express International Inc., 10 Marina Boulevard #15-00, Marina Bay Financial Centre Tower 2, Singapore 018983.
6. MINIMUM MONTHLY PAYMENT
The minimum payment amount due on a statement of Account is 3% of the outstanding balance plus the total sum of any overdue minimum payment and late payment charges, and any amount exceeding your Credit limit, or S$50, whichever is greater.
7. INTEREST ON PURCHASES
If payment of the closing balance in your statement is not made in full by the relevant payment due date, a finance charge at the applicable interest rate of 25.90% p.a.1 (subject to compounding) will be levied from each transaction date on all charges in the statement and all new charges posted after the statement date.
In the event we do not receive the minimum payment amount from You by the relevant payment due date, You will be in default2. In the event that your account has three or more defaults2 and/or one default which remains unpaid for two or more consecutive months in the last 12 months, we may adjust the interest rate applicable to your Card Account from 25.90% to 29.99% p.a.1 (subject to compounding). This higher interest rate will be in effect for 12 consecutive months. During this period, if you maintain a good credit record, your interest rate will be reinstated to 25.90%.
(a) Please refer to Card Member Agreement for the basis of interest computation.
(b) You are in default if minimum payment is not received by us on the payment due date stated on your monthly statement.
8. LATE PAYMENT CHARGES
A late payment fee of S$90 per month will be charged if the minimum payment is not received by the payment due date.
You agree to hold harmless and to keep us indemnified against all actions, proceedings, liabilities, losses, damages, claims and demands, including all legal costs on a full indemnity basis, other costs, charges and expenses which we may incur or sustain by reason or in connection with the issuance of the Card including, without limitation, us acting upon or carrying out any instructions in relation to such card/account purportedly given to us in whatever form, substance and manner as may be acceptable to us and however sent, given or transmitted (whether electronically, digitally or otherwise), and whether or not such instructions were unauthorised, inaccurate and/or incomplete.
Applicable laws require financial institutions to obtain, verify and record information that identifies each person who opens an account. When You and the Company/Business and any Supplementary Card Member apply for the American Express® Singapore Airlines Business Credit Card, we will ask for your name, address, date of birth and other information that will allow us to verify your and the Company/Business identity.
Amex reserves the right to amend these Terms and Conditions and suspend or terminate any promotions/offers for this product at our discretion at any time without prior notice. In the event of any disputes arising from these promotions/offers, the decision of Amex shall be final. Amex also reserves the right to change, suspend or terminate the benefits for this product at its sole discretion at any time without prior notice. The provision of services, activities or benefits stated is the responsibility of the respective service establishment. Amex acts solely as a payment provider and is not responsible or liable in the event that such services, activities or benefits are not provided or fulfilled by the service establishment. Card Members acknowledge that any disputes in relation to such services, activities or benefits are to be directed solely to the service establishment providing such services, activities or benefits.