Singapore legislation
Section 57G
Section 57G
Non-application of this Part
This Part does not apply to any credit card or charge card issued or to be issued by a person if —
(a)
the credit card or charge card is for purchasing goods or services on credit with and from the person only and the person bears the whole credit risk of the cardholder;
(b)
the aggregate credit limit that is granted by the person and, where the person is a corporation, the related corporations of the person to the cardholder does not exceed $500; or
(c)
the issue of the credit card or charge card satisfies such other criteria as may be prescribed.