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6 Month Interest Fee Waiver for "Cash in Hand" Programme

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6 Month Interest Fee Waiver for "Cash in Hand" Programme

Key Facts Statement/Schedule of Fees and Charges

To borrow or not to borrow? Borrow only if you can repay!

Remarks:

1. The 6-Month Interest Waiver for the “Cash in Hand” programme (the “Programme”) only applies to selected principal holders of a BEA credit card (the “Cardholder”). The BEA Corporate Card, BEA UnionPay Dual Currency PLATINUM/DIAMOND Credit Card (Renminbi Account), and all supplementary cards are excluded.

2. This promotion runs from 1^st December to 28^th December, 2022 (both dates inclusive) (the “Promotional Period”).

3. The fixed monthly flat rate of 0% is only available to selected cardholders who have successfully applied for the Programme through the application hotline on 2211 1488 and have drawn down a "Cash in Hand" amount of HK$10,000 to HK$500,000 with a repayment period of 6 months during the Promotional Period. The annualised percentage rate (“APR”) of 1.73% is calculated according to an amount of HK$60,000 with a fixed monthly flat rate of 0% and a 6-month repayment period, plus the HK$300 handling fee. The APR is calculated accordingly to the standard method set out in the Code of Banking Practice, and is rounded up or down to the nearest 2 decimal places. Please note that the actual APR may differ.

4. Each Cardholder can only apply for this offer once during the Promotional Period. The maximum "Cash in Hand" amount is the total available credit limit or HK$500,000 (whichever is lower), with a minimum of HK$10,000. The amount applied for should be a multiple of HK$100.

5. The "Cash in Hand" amount will be credited to the eligible cardholder's designated BEA HKD savings/current account in 2 working days or to the eligible cardholder's designated HKD savings/current account maintained with another bank in 3 working days from the approval date.

6. The Bank of East Asia, Limited (BEA) will levy a HK$300 handling fee for applications made through the application hotline. This handling fee is charged for each successful application, and will be debited from the Cardholder's BEA Credit Card account together with the first instalment.