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"Cash in Hand" Bank Account Transaction Instalment Programme

 

Key Facts Statement/Schedule of Fees and Charges

 

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

1.The “Cash in Hand” bank account transaction instalment programme (the “Programme”) is only available to selected principal holders of both a designated BEA Credit Card account and a BEA HKD savings/current account in their own name (the “Cardholder”). The BEA Corporate Card, BEA UnionPay Dual Currency PLATINUM Credit Card (Renminbi Account), and all supplementary cards are excluded from the Programme.


2. Promotion runs from 24th August to 30th September, 2020 (both dates inclusive) (the “Promotional Period”).

3. The “Cash in Hand” amount will be credited to the Cardholder’s designated BEA HKD savings/current account in 2 working days.
4. To qualify for the Programme, each eligible transaction must be at least HK$1,000, while the accumulated total must be at least HK$3,000 and within the Cardholder’s available credit limit.Eligible transactions only include fund transfers, bill payments, and ATM cash withdrawals made through a BEA HKD savings/current account.Ineligible transactions include, but are not limited to, cash advances, loan and card payments, and fund transfers to other BEA credit card accounts and loan accounts.

5. The Bonus Point reward offer is only for available to selected Cardholders whose BEA credit cards are registered for Bonus Point rewards, have successfully applied for the Programme, and have borrowed an amount of at least HK$3,000 with a repayment period of 12 months during the Promotional Period.

(i) Bonus Points Reward

The Bonus Point reward offer is only available for BEA credit cards that are designated for Bonus Point rewards. Each account is only entitled to receive a maximum of 100,000 Bonus Points.

(ii) Credit Rebate

The credit rebate is only for available to BEA credit cards that are registered for credit rebates. The Cardholder can earn a HK$1 credit rebate for every accumulated amount of HK$250 they spend on eligible transactions. Each account is entitled to receive a credit rebate of up to HK$400.

6. The “Cash in Hand” draw down amount must be in multiples of HK$100, starting from HK$3,000 to HK$200,000.

7. The preferential monthly flat rate of 0.22% only applies to a selected Cardholder who has borrowed a total amount of HK$3,000 or more, with a repayment period of 12 months. The monthly flat rate of 0.22% is equivalent to an annualised percentage rate (“APR”) of 4.95% (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.

8. The Bonus Point reward or credit rebate will be credited to the relevant credit card account in January 2021, and will appear on the relevant statement. The Cardholder’s account and the relevant application must be valid at the time the Bonus Point reward or credit rebate is given. The APR including credit rebate is 4.56%, which is calculated according to the Amount of HK$3,000 with a monthly flat rate of 0.22%, a repayment period of 12 months, and the credit rebate of HK$6.

 

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Apply now to receive cash in hand!

 

 

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