Important Terms and Conditions

Important Terms and Conditions - Virtual Card
　

1.	The virtual credit card ("Card") will be issued in form of a credit card account number ("Card Account Number") where no physical card will be issued.
2.	Approval of this virtual credit card application and issue of the Card to you is subject to our satisfactory verification of the data stated in your application form and the documents supplied by you and to our credit policy from time to time in force. We reserve the right to refuse your application without assigning any reason therefor.
3.	You agree to be bound by the terms and conditions of the BOC Credit Card (International) Limited Virtual Card User Agreement ("User Agreement"). A copy of the User Agreement is available at our principal place of business or on our web site at www.boci.com.hk.
4.	Immediately upon being notified of the issue of the Card, you have the responsibility to sign and return to us acknowledgement of receipt of such notification, and if so required by us activate the Card according to our instructions. Your use or activation of the Card shall constitute conclusive evidence of your agreement to be bound by the terms and conditions of the User Agreement.
5.	You should at your own costs and expenses obtain all computer hardware equipment and software necessary (including digital certificate) for effecting any online transaction.
6.	All applicable fees, charges and interest payable in respect of the issue and use of the Card are set out in the Fees Schedule referred to in the User Agreement. A copy of the Fees Schedule is available at our principal place of business or on our web site at www.boci.com.hk.
7.	You will receive from us a statement of account ("Statement") on a monthly or other periodic basis showing (among other things) the current balance of your account, the minimum payment due from you to us and the payment due date. You agree to verify the transaction details of the Statement and notify us in writing of any error within 60 days from the date of the Statement. Otherwise, we shall be entitled to treat all transactions shown on the Statement as correct and conclusive.
8.	You acknowledge and agree that if you shall make no payment or payment of less than the current balance on or before the due date, interest shall be charged on the unpaid balance from the date of the Statement, and if you shall make no payment or payment of less than the minimum payment on or before the due date, then a late charge shall be charged in addition to the interest payable on the unpaid balance.
9.	Payment made by you shall be applied towards repayment of the balance of your account in such order as we may in our absolute discretion determine from time to time.
10.	You agree to take reasonable care of the Card and keep the Card Account Number and the personal identification number ("PIN") secret and use the Card Account Number in accordance with the procedures, instructions and/or security guidelines from time to time issued by us to prevent fraud.
11.	It is your responsibility to report as soon as reasonably practicable to us and to the police of any unauthorized disclosure and/or use of the Card Account Number and/or PIN or suspected unauthorized disclosure and/or use of the Card Account Number and/or PIN.
12.	Notwithstanding anything contained in the User Agreement regarding credit period granted to you by us, you shall repay all sums due to us immediately upon our demand.
13.	You agree to examine your Statement carefully and report any unauthorized transactions in the Statement within 60 days from the date of the Statement.
14.	Provided that you have acted in good faith and with due care (including taking all necessary precautions to safeguard the Card and to report unauthorized disclosure and/or use of the Card Account Number as soon as practicable), you shall not be responsible for the loss and damage incurred:
a)	in the event of misuse when the Card Account Number and the PIN have not been received by you;
b)	for any unauthorized transactions made after you have duly notified us of the unauthorized disclosure and/or use of the Card and/or PIN; and
c)	when faults have occurred in the terminals, or other system used, which cause us to suffer loss and damage, unless the fault was obvious or advised by a message or notice on display.
15.	You shall be fully liable for all loss and damage arising out of or in connection with the unauthorized disclosure and/or use of the Card Account Number if you have acted fraudulently or with gross negligence, or have failed to take all necessary precautions to prevent such unauthorized disclosure and/or use of the Card Account Number and shall indemnify us against all losses, damages, liabilities and all reasonable costs and expenses incurred as a result thereof.
16.	You authorize us at any time to instruct or request any bank with which you may have an account to deduct from such account and repay us any amount due from you to us.
17.	You acknowledge that in the event of your default in repayment of any amount from time to time due to us, we are entitled to appoint debt collection agencies and/or institute legal proceedings at any time without prior notice to you to enforce repayment. You agree to indemnify us against all costs and expenses reasonably incurred in connection with the appointment of debt collection agencies provided that the total collection costs recoverable against you shall in normal circumstances not exceed 30% of the aggregate outstanding balance of your account, and against all legal costs and expenses reasonably incurred by us in enforcing payment via legal process.
18.	We may (in our discretion) from time to time change any of the terms and conditions of the User Agreement and/or the Fees Schedule provided that we shall give you not less than 30 days' notice before any change of the terms and conditions affecting fees and charges and your liabilities or obligations takes effect, unless such changes are beyond our control. You may terminate the Card in accordance with the User Agreement if you do not accept our proposed change.
19.	We may at any time without notice and without giving any reason suspend, cancel or terminate the Card Account Number and/or any services offered and/or disapprove any transaction proposed to be effected by the Card.
20.	The Card Account Number is the proprietary property of us, and upon our demand you must unconditionally and immediately cease using it for any purpose.
21.	If there is any inconsistency or conflict between the English and the Chinese versions of these terms and conditions, the English version shall prevail. In the event of any inconsistency between the terms and conditions stated herein and the User Agreement, the User Agreement shall prevail.