Standard Chartered Bank suspends acceptance of credit card applications from all channels

Standard Chartered Bank issued an announcement announcing that it would suspend accepting credit card applications.Standard Chartered Bank said in the announcement that the company plans to suspend accepting credit card applications from all channels from February 20, 2022. Existing credit card customers will not be affected in any way on their daily card usage and card renewals when they expire.

In early January this year, Standard Chartered Bank has closed the online application channel for credit cards. Earlier, Standard Chartered Bank also issued a notice on cancellation of inactive credit card accounts, and plans to comprehensively clean up credit card accounts that have not been activated in the bank for more than 12 months (inclusive) in the near future.

In addition to the suspension of the credit card application business, Standard Chartered Bank has adjusted a number of businesses since the beginning of this year.

The official announcement shows that from January 1 this year, Standard Chartered Bank’s online payment business will be adjusted. After the adjustment, the self-service payment and setting of common payment services in online banking and mobile banking will be terminated. After the adjustment, online payment and payment can be made by binding the payment platform with the bank’s debit card or credit card.

In addition, from February 1, Standard Chartered Bank Shenzhen Hubei Branch will no longer provide cash business. From February 28, Standard Chartered Bank Hangzhou Wulin Branch will also stop providing cash services.

It is worth noting that on December 28 last year, Standard Chartered Bank changed its business scope and renewed its new financial license. According to Standard Chartered Bank’s business scope information change announcement, its business scope has added “underwriting government bonds”, “agent collection and payment” and so on.