 |
|
 |
| |
| BOC Express
Cash "Price-Checking Experts" are dedicated
to secure for you up to the 12-month lowest
interest rate available in town to help
you save more!
| * |
Loan amount of HK$100,000,
interest rate of 8% and 12-month guarantee
period. |
| ** |
Loan amount of HK$100,000 and 12-month
guarantee period.
The above-simulated model is for reference
only. |
Loan
Amount |
Preferential
Interest
Rate(i) |
APR
|
During the
Guarantee Period |
<$10,000 |
14.50% |
16.31% |
Up to 12-Month
"Price-Checking Experts"
lowest interest rate guarantee(ii) |
$10,000
-
$49,999 |
11.50% |
12.91% |
$50,000 -
$199,999 |
8.00% |
9.06% |
$200,000 -
$299,999 |
7.00% |
7.99% |
$300,000 -
$500,000 |
5.50% |
6.39% |
|
|
|
| |
|
|
| |
Promotional Offers: |
|
|
|
 |
| |
 |
Easy Application! >>
Apply Now! |
|
|
| |
|
|
|
 |
 |
| |
|
Hassle-Free one time Application. Express Cash for all your needs plus flexibility throughout the year! |
|
|
| |
 |
Interest is charged on a daily basis to save your interest expense. |
|
No fixed repayment schedule, amount1,
and early settlement charges. |
|
It's a revolving credit facility & can be used recurrently without any need to re-apply. |
|
Instant disbursement to your designated savings/current account upon loan approval, without any need for an individual loan account. |
|
|
|
|
|
|
| |
|
Convenience Services |
|
|
| |
| Easy
Access to Cash >> Better Serve your
needs! |
|
You can easily withdraw cash via
ATMs labeled 
anytime in Hong Kong and Macau or at
any branch of BOC(HK), Nanyang Commercial
Bank and Chiyu Bank4. |
|
|
|
| |
| Cash
to your Designated Bank Account >> Save
you more! |
|
You can turn your available credit limit into cash by requesting direct funds transfer to your designated savings or current account, subject to approval. It saves your cash withdrawal handling fee. |
|
|
|
| |
| Instant
Balance Transfer >> Save unnecessary
interest payment! |
|
Transfer your outstanding balance from other credit card/ revolving loan/ personal loan or personal overdraft account to your BOC Express Cash Card to ease off your interest burden instantly.
|
|
|
|
| |
| Convenient
Payment Service >> Ease your financial
planning! |
|
You can also enjoy bill payment service
via ATMs5 or online bill
payment service6 to settle
a host of different bills, e.g. tax,
utility and other credit card outstanding
balance. Quick and Easy! From now on,
simply pay designated charges7
via Jet payment at any JETCO ATM and
enjoy handling fee waiver. |
|
|
|
|
|
|
|
|
|
|
| Remark: |
| 1. |
Preferential Interest Rate |
| |
| - |
Preferential interest rate is only applicable to applicants with credit ratings of AA to EE. In any other case an interest rate of 28.50%p.a will apply (Annualized Percentage Rate ["APR"]: 33.43%). APRs follow strictly the guidelines of the HKMA. |
| - |
BCO Credit Card (International) Ltd ("The Company") may refer to the applicant's credit record with a credit agency and at the same time reserves its exclusive right to decline any application without assigning any reason. |
|
| 2. |
"Price-Checking Experts" Lowest Interest Rate Guarantee |
| |
| - |
The "Price-Checking Experts" lowest interest rate guarantee is only applicable to applicants with a credit rating of AA to EE. A guaranteed interest rate will be offered to an applicant based upon the credit limit. Within the guarantee period, an applicant is entitled to have the lowest interest rate guarantee. The comparison is based upon the designated banks' revolving credit facility APRs that are announced through the banks' websites and the APR of the lowest interest rate guarantee within the guarantee period. In case of any designated bank offers revolving credit facility APR lower than the guaranteed lowest interest rate, the applicant will be entitled to an interest rebate. The interest rebate amount is based upon the difference of the interest paid and the interest likely to be charged by a designated bank for a revolving credit facility within the guarantee period. The difference will be credited directly into the applicant’s BOC Express Cash Card account in the form of a cash rebate after 2 months from the expiry of the guarantee period subject to the account being normal and in good standing, free of default payment, of overdue outstanding, of delinquent record, and/or any violation of the card user agreement. For non-fulfillment accounts, the Company reserves the right to withdraw the cash rebate offer without prior notice. The Company reserves the right to change the interest rate offer from time to time without prior notice. |
| - |
The "Price-Checking Experts" lowest interest rate guarantee is only applicable to the general unsecured revolving credit facility and to comparable APR for a similar credit limit or credit product. It is not applicable to any promotional interest rate, special interest rate, preferential interest rate which is only offered to designated customer(s), any revolving credit facility based upon Prime Rate, HIBOR, non-Flat Rate calculations, secured revolving credit facility, and tax or tax related revolving credit facility. |
| - |
The "Price-Checking Experts" lowest interest rate guarantee period will be effective from the date of account opening to 31st December, 2008 (both dates inclusive). The guarantee period is only valid for account opened on 1st May 2008 or after. If an account is opened on 30th April 2008 or before, the 12 months' guarantee period is until 31st August 2008. |
| - |
"Price-Checking Experts" lowest interest rate guarantee is not applicable to (a) customers with the credit ratings from FF to HH, (b) BOC Express Cash accounts set up on or after 1st January 2007, and (c) BOC Express Cash Installment Loan/Cash Installment customers. |
|
| |
| General Terms and Conditions |
| 1. |
Customers have to settle the minimum payment as shown in the monthly statement, i.e. 3% of outstanding balance or HK$40 whichever is higher. |
| 2. |
If apply by short message service (SMS), customers are simply required to input (i) Chinese or English Name (e.g.李易達或 Lee Yee Tat) and (ii) contact telephone number. The Company will arrange for follow-up call as soon as possible after receiving the SMS (except public holidays). Individual telecommunication service provider will charge a fee for the SMS according to its tariff plan. |
| 3. |
Express Approval Hotline service hours are 9:00am to 7:00pm (from Monday to Saturday) (except Sunday and public holiday). Customers can obtain an initial indicative approval result via Express Approval Hotline. The Company may refer to the applicant's credit report and at the same time reserves its exclusive right to decline any application without assigning any reason. |
| 4. |
A cash advance-handling fee of 2% of the withdrawn amount plus a HK$20 charge will apply for each cash withdrawal. This charge scale is also applicable to "Cash Before Card", "Balance Transfer", "Online Payment" and "JET Payment" services. |
| 5. |
To use Jet payment, customers have to enter an ATM PIN. |
| 6. |
Customers have to provide an e-mail address and register with the "BOC Credit Card Online Service" in order to access the online statement service. |
| 7. |
"Designated expenses" include payments of government charges, insurance, mobile phone service and educational fees. Settlement of bank/credit card charges, financial institution, or securities company charges are all excluded. |
|
|
|
|
Others |
|
|
- An applicant must be a Hong Kong permanent resident aged 18 or above and earning a monthly salary of HK$4,000 or above.
- The Company may access the applicant's credit report with a credit agency. If applicant is currently the holder of a BOC credit card/U-point card/ y not card/ any co brand card issued by the Company/ BOC Express Cash Card/ BOC RMB Card, the Company may use the applicant's credit information or existing credit limit for reference.
- The Company reserves its exclusive right to request additional documentary proof from the applicant for approval process if necessary.
- The Company has its sole discretion on the loan amount/credit limit and interest rate. Where the applicant for BOC "Express Cash" Revolving Creditcannot meet the credit approval requirements, the application will still be processed with an adjusted monthly flat rate and corresponding Annualized Percentage Rate, or other suitable credit facility plan may be offered.
- Cash will be instantly disbursed into an applicant's designated bank savings/current account upon loan approval. The successful applicant (hereinafter called the 'Borrower') hereby irrevocably agrees to the terms and conditions as stated in the loan confirmation letter, notwithstanding that the amount and the applicable interest rate of the Loan approved by the Company is different from that originally applied for.
- The Company will by written notice and/or verbally inform the Borrower whether the application is approved or rejected and in no event shall the Company be responsible for any loss or liability which the Borrower may suffer or incur as a result of any such application being rejected.
- If a Borrower has missed any payment or made payment of less than the Minimum Payment due on or prior to the due date for two or more statement cycles within any 6 consecutive statement months, the Company will charge an additional interest rate of 4% p.a. over and above the annualized interest rate on the outstanding balance of the Borrower's account, i.e. 'Overdue Interest Rate'. Please refer to the BOC Credit Card (International) Ltd Card User Circular for details relating to the 'Overdue Interest Rate' terms.
- The Company may alter any of the above conditions anytime without notifying the Borrower. In case of disputes arising out of the above conditions, the Company reserves its final determinative rights and shall not be responsible for any liability so arising.
|
|
|
|
|
|
|
|
