"Cash in Hand" 3 month Interest and Handling Fee Waiver Statement Instalment Programme

Key Facts Statement/Schedule of Fees and Charges

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

1. The promotion runs from 2^nd June to 30^th June, 2022 (both dates inclusive) (the "Promotional Period").

2. 3-month Interest and Handling fee waiver for “Cash in Hand” Statement Instalment Programme (the “Programme”) only applies to BEA principal cardholders (the “Cardholders”). The BEA Corporate Card, BEA UnionPay Dual Currency PLATINUM Credit Card (Renminbi Account), and all supplementary cards are excluded. The programme is only available to Cardholders who log in to the BEA App/Cyberbanking to apply for the Programme within the Promotional Period.

3. The personalised preferential monthly flat rate of as low as 0.22% only applies to cardholders who apply for a repayment period of 3 months. The monthly flat rate of 0.22% is equivalent to an annualised percentage rate (“APR”) of 4.03%, which is calculated according to an amount of HK$10,000 with a repayment period of 3 months. 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 handling fee waiver only applies to cardholders who log in to the BEA App/Cyberbanking to apply for the Programme. For each successful application through the application hotline, BEA App, or BEA website for a transaction amount of HK$1,500 or above, The Bank of East Asia, Limited (“BEA”) will charge a one-off handling fee of HK$50 (“handling fee”), which will be charged to the cardholder’s BEA Credit Card account together with the first instalment.

5. Cardholders will be entitled to a rebate of all interest fee charged for this Programme. The rebate will be credited to the relevant credit card account on or before November 2022, and will appear on the relevant statement. Cardholder’s account must be valid at the time the rebate is given, and the statement instalment amount must be posted in the relevant scheduled statement. No interest fee will be rebated if cardholders repay earlier or cancel their statement instalment application. The APR including rebate is 0%, which is calculated according to an amount of HK$10,000 with a monthly flat rate of 0.22%, a repayment period of 3 months, and a rebate of HK$66. The exact amount of the rebate that the Cardholder is entitled to shall be determined by BEA at its sole discretion. 

6. The minimum eligible transaction amount in the Programme is HK$200, which must be the same as the actual transaction amount (adjusted to the nearest dollar).

7. The Terms and Conditions of the "Cash in Hand" Statement Instalment Programme also apply to this programme.

8. In case of any inconsistency between the English and Chinese versions of these terms and conditions, the English version shall prevail.

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