|Interest Rates and Interest Charges|
|Annualised Percentage Rate (APR) for Retail Purchase||35.70%* when you open your account and it will be reviewed from time to time. We will not charge you finance charge if the statement balance is paid in full by the payment due date each month. Otherwise, finance charge will be charged on (i) the outstanding statement balance from the day after the date of that statement on a daily basis until payment in full and (ii) the amount of each new transaction (entered after the date of that statement) from the date such transaction is posted on a daily basis until payment in full.
Unless otherwise specified, finance charge on internet bill payment, JET payment or bill payment through our customer services hotline ("Bill Payment") will be charged on the same basis and APR as Retail Purchase. For Bill Payment of the merchant category of "Security Broker", finance charge will be charged on the same basis as Retail Purchase at the APR of 37.32%* (when you open your account, subject to review from time to time). For Bill Payment of the merchant categories of "Banking and Credit Card Services", "Credit Card Payment" and/or "Credit Services", finance charge will be charged at the APR of 37.14% from the date a Bill Payment is made until the date of actual repayment.
|APR for Cash Advance||39.53% when you open your account and it will be reviewed from time to time. Finance charge will be charged from the date a cash advance is made until the date of actual repayment.|
|Delinquent APR||If you fail to pay the minimum payment shown on any monthly statement, the rate for finance charge will be adjusted by adding Delinquency Adjustment Rate of 4.8% (the "Adjusted Interest Rate").
APR of the Adjusted Interest Rate is
41.80%* for Retail Purchase
46.45% for Cash Advance
The Adjusted Interest Rate will apply from the day following the date of the monthly statement issued after the occurrence of the delinquency until the full amount or at least the minimum payment is paid on or before the payment due date for 6 consecutive monthly statements.
|Minimum Payment||If the total outstanding balance is HK$230 or above, the minimum payment will be the sum of the followings:
If the total outstanding balance is less than HK$230, the minimum payment will be the total outstanding balance.
|Annual Membership Fee||Visa Signature Card/
American Express Card Principal Card
HK$2,000 per card
HK$1,000 per card
|VISA Platinum /
| HK$1,800 per card
HK$900 per card
|HK$550 per card
HK$275 per card
|VISA / MasterCard
|HK$300 per card
HK$150 per card
Cash Advance Handling Fee:
4% on cash advance amount, minimum HK$100; and
Cash Advance Administration Fee:
HK$20 per transaction
|Fees relating to Foreign Currency Transaction||1.95% of every transaction effected in a currency other than Hong Kong dollar|
|Fee relating to Settling Foreign Currency Transaction in Hong Kong Dollars||Customers may sometimes be offered the option to settle foreign currency transactions in Hong Kong dollars at the point of sale overseas. Such option is a direct arrangement offered by the overseas merchants and not the card issuer. In such cases, customers are reminded to ask the merchants for the foreign currency exchange rates and the percentage of handling fees to be applied before the transactions are entered into since settling foreign currency transactions in Hong Kong dollars may involve a cost higher than the foreign currency transaction handling fee. For these transactions in Hong Kong dollars made outside Hong Kong, we will not charge any further markup.|
|Late Payment Fee||A blanket fee of HK$300 or the minimum payment, whichever is lower.|
|Over-the-limit Fee||Overlimit Charge: HK$180 per statement cycle|
|Returned Payment Fee||Handling Charge on Dishonoured Cheque / Autopay Rejection: HK$120 per transaction of returned payment|
|PaperStatement Fee||HK$50 per customer per annum, if you have received at least one paper statement within the previous calendar year (i.e January to December every year)|
* These APRs are calculated based on a modified calculation made by the Bank. The corresponding APRs calculated in accordance with the guidelines issued by the Hong Kong Monetary Authority (“HKMA Guidelines”) are as follow:
|APRs based on the modified calculation by the Bank||APRs based on HKMA Guidelines|
For details about the HKMA Guidelines and the modified calculation made by the Bank, please refer to the Annualised Percentage Rate Table posted on the Bank’s website go.dbs.com/hk-cardtnc_en.
Reminder: To borrow or not to borrow? Borrow only if you can repay!