What is a Standard Chartered Credit Card?
A Standard Chartered Credit Card is an instrument of credit that is furnished by the international bank and financial services company ‘Standard Chartered PLC’. While Standard Chartered maintains almost 1,800 locations worldwide, the international financial institution was founded in London, England.
In addition, Standard Chartered undertakes its headquarters within the city of London. The majority of business undertaken by Standard Chartered takes place within Asia and Africa, including the Middle East, Far East, and a bulk of African countries and provinces.
Standard Chartered Credit Card Profile and Background
The following details are inherent within the financial structure and legal ideology of a Standard Chartered Credit Card:
Standard Chartered Credit Card Annual Percentage Rate (APR)
The Annual Percentage Rate is a form of credit card interest defined as an expressed and established percentage of the gross value of a Standard Chartered Credit Card. The APR is considered to be a compensatory method undertaken by the credit institution as a result of furnishing an individual with a credit card. The APR is added to the full amount of repayment that is required for the satisfaction of an outstanding account balance.
Standard Chartered Credit Card Spending Limit
Credit limits implicit within individual Standard Chartered Credit Cards are defined as finite, monetary amounts of credit that may be undertaken by individuals in possession of Standard Chartered Credit Cards. While credit limits may be significantly lower than limits allowed to individuals in possession of higher credit scores, prompt repayment and responsible usage will typically result in increased credit limits.
Standard Chartered Credit Card Legality
Standard Chartered Credit Cards will typically fall under the jurisdictions of both Finance Law and Commercial Law.
Finance Law is the legal specialty regulating and overseeing legislation applicable to the exchange and the circulation of monies. This takes place both in the transfer activity undertaken involving hard currency, as well as Standard Chartered Credit Card transactions.
Commercial Law is the legal field that enacts the regulatory oversight of standards and practices occurring within the commercial marketplace. With regard to Standard Chartered Credit Cards, statutory legislation undertaken within the precepts of Commercial Law ensure the deterrence and prosecution of any nature of predatory lending or financial exploitation.
Has Your Application for a Standard Chartered Credit Card Been Rejected?
In the event that your application for the receipt of a Standard Chartered Credit Card has been rejected, additional options may exist for your consideration. You are encouraged to investigate the following options, which may provide assistance with regard to both the receipt of a credit card, in addition to measures undertaken in order to improve your respective credit score.
The prompt repayment, responsible usage, and the compliance with terms of service will typically result in increased credit limits and raised credit scores.
Individuals interested in applying for a Standard Chartered Credit Card are encouraged to contact legal and financial professionals in order to better understand both the risks and ramifications latent within any financial commitment.