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Misleading Cash Advance Offer| Standard Chartered Bank

I got a Cash Advance Offer from Standard Chartered bank today for being a valued customer.

The Cash Advance Offer comes with No Cash Advance fee.

Normally, for every Cash Advance transaction there would be a 5% or minimum of RM25.00(whichever is higher) fee.

Standard-Chartered-bank

It is check of RMXXXX.00 which can be deposit into my saving or current account at any bank nationwide. The check amount will be withdrawn from my Standard Chartered Credit Card account as a Cash Advance.

Standard-Chartered1

As usual, daily interest of 18% p.a. is charged upon clearance of the check.

The offer is misleading because the full Terms and Conditions is very difficult to read. The wording printed in a “very” small  font and in very light color font.

Standard-Chartered2

Why Standard Chartered bank make it, so difficult to Read and NOT user friendly at all?

For what purpose?

This entry was posted on Sunday, March 14th, 2010 at 12:03 am and is filed under Credit Card. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

One Response to “Misleading Cash Advance Offer| Standard Chartered Bank”

  1. Haha! I received a similar one from StanChart. It’s misleading alrite!