Cash from Card

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

Remarks:

1. 6-month handling fee waiver for “Cash in Hand” programme (the “programme”) is only applies to BEA principal cardholder who has not successfully applied for, drawn down and/or did not have any “Cash in Hand” Programme Instalment from 1^st July 2020 to the day of application on this programme (the “eligible cardholder”). The BEA Corporate Card, BEA UnionPay Dual Currency PLATINUM Credit Card (Renminbi Account), and all supplementary cards are excluded. Moreover, it is only eligible to the first 1,000 customers who apply for this programme.

2. Each BEA credit card can only apply for this offer once during the promotional period. The maximum "Cash in Hand" amount is the total of available credit limit or HK$500,000 (whichever is lower) and the minimum is HK$10,000. The amount applied for should be a multiple of HK$100.

3. Promotion period runs from 21^st to 29^th July, 2021 (both dates inclusive) (the "Promotional Period").

4. Eligible cardholder has to use the same BEA credit card and needs to fulfill the target of eligible transactions for accumulated HK$500 or more during 21^st July to 31^st August, 2021 ("Spending Period") to enjoy this programme.

Eligible transactions include:

(i) Eligible local/online transactions: local retail transactions/online purchases and new single interest-free instalment plans (total amount).

(ii) Eligible overseas/online foreign currency transactions: (a) retail transactions made outside of Hong Kong and posted in any currency other than Hong Kong dollars, (b) transactions settled in Hong Kong dollars under Dynamic Currency Conversion, and (c) online transactions posted in any currency other than Hong Kong dollars.

Ineligible transactions include cash advances, online/Automatic Teller Machine (ATM) bill payments, tax payments, recurring transactions, auto-pay transactions, Octopus automatic add value service transactions (including online, through mobile, or by any other means), fund transfers, purchase and/or recharging of prepaid cards, reload/transfer/payments of digital wallets (including but not limited to AlipayHK, PayMe and the WeChat Pay HK), "Cash in Hand" programme-related amounts, finance charges, late charges, annual fees, bank charges, casino chip purchases, unposted/cancelled/refunded transactions, and transactions that are found to be fraudulent or are eventually cancelled/refunded, and all the spending of supplementary card.

5. MCL Cinemas 2D e-Gift Vouchers (“cinema e-Gift Vouchers”) are only available to the eligible cardholders who have applied this programme via application hotline during the Promotional Period and where the designated “Cash in Hand” amount has been drawn down. The cinema e-Gift Vouchers will be granted to the cardholders in the form of a redemption email together with codes on or before October 2021. The redemption email together with the codes will be sent to the principal cardholder’s email address or texted to their mobile number (as registered in BEA’s records). The cardholders’ account and the relevant application must be valid at the time the cinema e-Gift Vouchers are given. Please click here for the terms and conditions of cinema e-Gift Vouchers.

6. The monthly instalment amount includes the monthly principal repayment and monthly interest (for a "Cash in Hand" amount of HK$60,000, the first to sixth instalments are HK$10,000 each plus HK$29 interest each). The monthly flat rate of 0.0485% offered in this programme is only available to eligible cardholder who draw down the amount between HK$10,000 to HK$500,000 and a repayment period of 6 months. The monthly flat rate of 0.0485% is equivalent to an annualised percentage rate ("APR") of 1% (for a 6-month repayment period). 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.

7. 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.

8. Eligible cardholder’s entitlement to this programme will be forfeited if he/she is unable to accumulate eligible transactions of HK$500 within the Spending Period, The Bank of East Asia, Limited (“BEA”) will levy a one-off HK$300 handling fee in December 2021 without any priority notice.

9. Handling fee waiver is only available to eligible cardholder who has applied this programme through the application hotline 2211 1488, and where the designated "Cash in Hand" amount has been drawn down. Apart from this promotion, the handling fee waiver only applies to Cyberbanking/iCIH SMS (including but not limited to applications through other e-channels). For application through the application hotline, BEA will levy HK$300 handling fee. The said handling fee is charged for each application hotline, and will be debited from the eligible cardholder's BEA Credit Card account together with the first instalment.

10. The Terms and Conditions of "Cash in Hand" programme apply to this programme.

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