Key Facts Statement/Schedule of Fees and Charges
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To borrow or not to borrow? Borrow only if you can repay!
Remarks︰ 1. The"Cash in Hand" Online Bill Payment Programme (the "Programme") only applies to principal holders of a BEA credit card(the "cardholder"). The BEA Corporate Card, BEA UnionPay Dual Currency PLATINUM credit card (Renminbi Account) and all supplementary cards are excluded. 2. Promotion runs from 1st January to 31st January, 2021 (both dates inclusive)(the "Promotional Period"). 3. The fixed preferential monthly flat rate of 0.18% only applies to selected cardholders who draw down the amount of HK$5,000 or more with a repayment period of 12 or 24 months.The monthly flat rate of 0.18% is equivalent to an annualised percentage rate of 4.04% (for a 12-month repayment period). The APR is calculated according 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. The rebate is only available for selected BEA credit cardholders who have successfully applied for the Programme an have borrowed an accumulated amount of at least HK$5,000 during the Promotional Period, with a repayment period of 12 or 24 months. Each eligible cardholder is only entitled to the rebate once during the Promotional Period. 5. Only bill payments settled using the designated BEA credit card through Cyberbanking (but not including those for banking and credit card services, transactions with other financial institutions, or securities trading) within the Promotional Period, and where the cardholder has successfully applied for the Programme, will be considered eligible transactions. 6. The minimum eligible transaction amount in the Programme is HK$1,000 and must be the same as the bill payment amount(adjusted to the nearest dollar). 7. The rebate will be credited to the relevant credit card account on or before April 2021, and will appear on the relevant statement. The cardholder’s account must be valid and the relevant application approved at the time the rebate is given. The APR as low as 2.14% (including the rebate) is calculated according to a "Cash in Hand" amount of HK$5,000 with a monthly flat rate of 0.18%, a repayment period of 12 months, and the rebate of HK$50. |
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