Common use of Spending Limit Clause in Contracts

Spending Limit. We may set a spending limit in Singapore Dollar in relation to your Card Account, which we may vary without notice (“Spending Limit”). The Spending Limit will apply to all Point of Sale (whether effected via signature and/or PIN) and/or Card-Not-Present (including internet purchases and mail/telephone orders) transactions. We may set different spending limits for signature-based Card transactions, PIN- based Card transactions and Card-Not-Present transactions. The Spending Limit set will apply to both your spending in Singapore Dollar and foreign currency if your Card is allowed by us to be tagged to a Multi-Currency Account permitted for use in any and/or all foreign currency funds in the Multi- Currency Account. Where the Spending Limit is to apply to transaction made in both Singapore Dollar and foreign currency, the available Spending Limit shall be at the Singapore Dollar equivalent to that Singapore Dollar and foreign currency at the prevailing exchange rate on the day the spending in foreign currency is made.