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Terms & Conditions - Credit Limit Increase

  1. If your annual income is equal to or more than S$30,000; the prevailing regulatory maximum credit limit granted is up to four times your monthly income or S$100,000; whichever is lower.
  2. If your income documents reflect an income increment from our records, we will, subject to our approval, increase the credit limit on your OCBC Credit Card(s). However, should your income documents submitted reflect a lower monthly income than what is currently in our records, we will adjust your current credit limit in line with your current monthly income.
  3. If you have been granted a temporary credit limit increase, please note that any increase to your permanent credit limit pursuant to our review will be effected only after the temporary credit limit increase has been readjusted to the permanent credit limit.
  4. Kindly allow 2 weeks for processing. You will be notified of any revisions to your credit limit by mail.
  5. The decision of OCBC on all matters relating to this credit limit review (including the approval of the credit limit increase) will be at its absolute discretion and will be final and binding on all participants.
  6. OCBC shall be entitled to vary, delete or add any of these terms and conditions from time to time.
  7. You agree that the information earlier provided by you in this credit limit review is true, correct, complete and up-to-date, and OCBC is authorised to update (where applicable) your bank’s record with the information earlier provided.
  8. You agree that OCBC will conduct credit checks on you and to obtain and verify and disclose any information relating to you and any of your accounts with OCBC from or to any other party as OCBC may time to time deem fit at OCBC’s own discretion and without any liability or notice to you. You understand that you will have to submit supporting income documents for this exercise.
  9. These terms and conditions shall be governed by the laws of Singapore and you irrevocably submit to the non-exclusive jurisdiction of the courts of Singapore. A person who is not a party to any agreement governed by these terms and conditions shall have no right under the Contracts (Rights of Third Parties) Act (Cap 53B) to enforce any of these terms and conditions.