Common use of TRANSACTION CONTROLS Clause in Contracts

TRANSACTION CONTROLS. 3.1 The Cardmember may from time to time nominate to DBS in writing a Credit Limit, a Transaction Limit and a Transaction Count Limit in respect of the Card Account. The Transaction Limit shall be regarded as a part of the Credit Limit and shall not be additional to the Credit Limit. 3.2 Notwithstanding any Credit Limit, Transaction Limit or Transaction Count Limit that may be nominated by the Cardmember, DBS shall be entitled to: 3.2.1 authorise or allow any Card Transaction even though: (a) the amount of that Card Transaction is more than the Transaction Limit; (b) the Outstanding Balance on the Card Account has exceeded or would as a consequence exceed the Credit Limit; or (c) the Transaction Count Limit has been exceeded or would as a consequence be exceeded; or 3.2.2 refuse to authorise or approve any Card Transaction even though: (a) the amount of that Card Transaction is less than the Transaction Limit; (b) the Credit Limit has not been and would not be exceeded if such Card Transaction had been effected; or (c) the Transaction Count Limit has not been and would not be exceeded if such Card Transaction had been effected. 3.3 DBS may set a Corporate Limit in respect of the Cardmember. Notwithstanding any Corporate Limit that may be set or imposed, DBS may in its absolute discretion authorise or allow any Card Transaction even though the total of the Outstanding Balances on all Card ACcounts has exceeded or would as a consequence exceed the Corporate Limit or refuse to authorise or approve any Card Transaction even though the Corporate Limit has not been and would not be exceeded if such Card Transaction had been effected. 3.4 Unless otherwise approved by DBS, the Card may not be used to effect any Card Transaction with such category or categories of Merchants as DBS may from time to time notify the Cardmember Provided nevertheless that DBS may in its absolute discretion authorise or allow any Card Transaction with any Merchant notwithstanding that such Merchant may fall within any category of Merchants notified by DBS to the Cardmember. 3.5 The Cardmember may with the prior written approval of DBS and using such classifications or codes as may be prescribed by DBS from time to time, specify to DBS in writing the category or categories of Merchants in addition to those categories notified by DBS under Condition 3.4 above at which the Cards issued on the application of the Cardmember may not be used for the purpose of effecting any Card Transaction with such Merchants Provided nevertheless that DBS may in its absolute discretion authorise or allow any Card Transaction with any Merchant notwithstanding that such Merchant may fall within any category of Merchants specified by the Cardmember.